• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, June 22, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Terra Luna 2.0 Price Hovers at the $6 Level, Terraswap Live on New Chain

Paul Brabus by Paul Brabus
June 2, 2022
in News
Reading Time: 3 mins read
0
terra luna 2 price
34
SHARES
Share on TwitterShare on Facebook

With Bitcoin and Ethereum struggling to hold current support levels, Terra Luna continues to trade sideways, down 10% in the past 24 hours but hovering above the $6 support level. More applications are starting to emerge on the new chain with the latest Terraswap decentralized exchange going live on Terra 2.0, enabling users to provide liquidity and start swapping LUNA tokens.

Terra Luna Price Finds Support

Even with BTC and ETH struggling to hold current support levels, Terra 2.0 (LUNA) found new support at the $6 level. Its current market capitalization remains above $1.3 billion with a healthy 24-hour trading volume of $740 million.

As most of the Airdrops for the new token are already complete, the market can expect a decline in trading volume and, more explicitly, selling pressure for the new token.

This means that when Bitcoin and Ethereum show bullish momentum, Terra 2.0 (LUNA) will most likely attempt to breach the $10 level once again, as it had on May 30th when it peaked at $11.

Terra 2.0 (LUNA) Ecosystem Continues Growth

Terra 2.0 is moving fast, and today several exchanges and platforms announced support for the new chain and new features.

kraken luna2 futures

Kraken announced LUNA2 futures contracts, which provide exposure for users to the cryptocurrency without having to own the underlying asset.

Stader Labs, a non-custodial smart contract-based staking platform, announced LunaX staking is going live, which will enable users to earn auto-compounded staking rewards and soon leverage LunaX DeFi utilities for Terra 2.0 with additional yield opportunities.

Moreover, another flagship Decentralized Exchange on Terra 2.0 announced a strategic partnership with Leap Wallet to provide in-wallet swaps in Leap powered by Phoenix, supporting the new chain.

Last but not least, the top Decentralized Exchange on Terra, Terraswap, is going live on Terra 2.0 and saw many projects listed. Users can also provide liquidity to the platform and start to earn LP tokens with their LUNA.

The Future Is Bright for Terra 2.0

The Terra 2.0 ecosystem is growing fast. Each day more and more services are joining the new chain and adding support for the new token. It’s incredible to see the speed at which Terra 2.0 is expanding and the number of services added to the platform daily.

As LUNA is starting to stabilize and users sell off their Airdropped tokens, now could be an excellent opportunity to begin accumulating LUNA for those looking to bet on its long-term success. However, it’s worth noting that LUNA’s current valuation of $1.2 billion is relatively high. It might be good to wait before the token drops below the $4-5 levels to buy into the market.

Especially given that Bitcoin and Ethereum are still in a bear market, the bearish pressure could quickly push LUNA below the $1 billion market capitalization.

One thing is clear, the community behind LUNA is exceptional, and there is plenty of utility and opportunity for LUNA to continue its growth. Its long-term potential is tremendous, and the token is a must-watch in June 2022.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.


Also Read:

STARL Metaverse Crypto Project Opens Full-Time for Players (Review)

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse news!

Tags: Terra Luna
Previous Post

STARL Metaverse Crypto Project Opens Full-Time for Players (Review)

Next Post

Top 3 Metaverse Crypto Games Below $90 Million to Watch in June 2022

Related Posts

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025
Featured

Dogecoin Price Faces Breakdown

June 20, 2025
Featured

CZ Warns of Deepfake Scams

June 20, 2025
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors
News

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors

June 17, 2025

Press Releases

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

by Alex Mercer
June 19, 2025

Introduction Bitcoin has seen plenty of drama over the years, but this time, even with war looming and a cyberattack...

Read more
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier