• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, June 1, 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

Cardano Tanks 50% From Highs—Hope or Hype Ahead
News

Cardano Tanks 50% From Highs—Hope or Hype Ahead

June 1, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025
Featured

Netflix Casts Leads for FTX Drama

May 30, 2025
Featured

Trump’s Meme Coin Dinner Under Investigation

May 29, 2025
Altseason Is Here—But Only for a Few Minutes
News

Altseason Is Here—But Only for a Few Minutes

May 28, 2025
Bitcoin Shakes as Trump Talks Tariffs Again
Featured

Bitcoin Shakes as Trump Talks Tariffs Again

May 27, 2025

Press Releases

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?
News

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

by Alex Mercer
May 25, 2025

Introduction It seems the U.S. labor market has hit a pothole—again. The Kansas City Fed’s Labor Market Conditions Index (LMCI)...

Read more
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
Trump Meme Coins Spark Calls for Treasury Review

Trump Meme Coins Spark for Treasury Review

May 15, 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