• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, June 28, 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 Up 46% As Bitcoin and Ethereum Show Significant Growth

Kyle Portman by Kyle Portman
May 31, 2022
in News
Reading Time: 4 mins read
0
terra luna price pump
14
SHARES
Share on TwitterShare on Facebook

Cryptocurrency markets are starting to show bullish momentum as Bitcoin and Ethereum continue their pump for the second day in a row. After a relatively small gain of 11% yesterday, LUNA is up over 46% today, closing in on $10. Currently trading at $9.53, let’s look at any relevant news for Terra Luna 2.0 and see why the price is rising.

Terra Luna 2.0 Price Up 46%

As more exchanges announce support for LUNA 2.0, the cryptocurrency is starting to accumulate bullish momentum among traders.

In yesterday’s article on Terra Luna, Mark Arguinbaev from The VR Soldier mentioned that Binance will list Terra Luna 2.0 on May 31st in its innovation zone and open trading for LUNA/BUSD and LUNA/USDT trading pairs.

The recent Binance listing more than tripled the overall trading volume for LUNA 2.0 and contributed significantly to its growth over the past 24 hours.

In addition, the Bybit exchange announced a LUNA2USDT Perpetual Contract that will enable traders to trade LUNA 2.0 with leverage of up to 25X.

📣 Coming Soon: LUNA2USDT Perpetual Contract

✅ The LUNA2USDT Perpetual Contract is expected to go live on Bybit at 11AM UTC on May 31, 2022, with up to 25x leverage supported. Stay tuned! pic.twitter.com/Hm7vIZZSNm

— Bybit (@Bybit_Official) May 31, 2022

The Bybit announcement means even more trading volume and speculation for LUNA 2.0, which can amplify its current bullish momentum.

Moreover, since LUNA is an altcoin after all, and altcoins amplify BTC’s and ETH’s price movements since Bitcoin and Ethereum are showing significant price growth two days in a row, it only makes sense that LUNA continues its bullish price action.

LUNA is currently trading at $9.53, up over 46% in the past 24 hours. With a trading volume of $1.3 billion and a market capitalization closing in at $2 billion, LUNA isn’t showing any signs of slowing down.

KuCoin is still leading in trading volume based on the LUNA/USDT trading pair with $366 million. However, Binance has the highest trading volume for LUNA when looking at its USDT and BUSD trading pairs which account for over $585 million in trading volume over the past 24 hours.

Terra Classic (LUNC) Price Continues to Decline

On the flip side, the Terra Classic (LUNC) price is struggling this morning, as the cryptocurrency lost 16% in the past 24 hours.

Its market cap once again dipped below $1 billion, currently valued at $755 million with a declining 24-hour trading volume of $249 million.

With LUNA pumping, many traders are selling their LUNC tokens and buying LUNA instead.

Even if a significant portion of the Terra community might not agree with Do Kwon’s proposal, it’s clear that at this point, the winning token is LUNA. Especially since LUNA 2.0 almost doubled in price in the past 24 hours.

Moreover, unfortunately, major exchanges like Binance aren’t supporting LUNC, which further contributes to the lack of trading volume and the bearish momentum of LUNC.

Terra Classic is currently trading at $0.0001155, down over 16% in the past 24 hours.

Final Thoughts

As long as Bitcoin and Ethereum continue gaining momentum, we can expect LUNA 2.0 to amplify the crypto’s price action and rise in price.

However, as significant exchange listings have already happened, we can expect the trading volume for LUNA to start to decline later in the week, which could slow down its growth significantly.

At this point, it’s up to Do Kwon and the Terra community to continue to drive the market upwards and announce exciting news to keep the traders excited for LUNA 2.0. Whether in the form of new features, partnerships, or developments, depending on the plans the team and community decide for LUNA 2.0, for now, it seems the future is bright for the new token.

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


Also Read:

Top 3 Metaverse Crypto Coins Below $80 Million Market Cap (May 2022)

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

Tags: Terra Luna
Previous Post

Top 3 Metaverse Crypto Coins Below $80 Million Market Cap (May 2022)

Next Post

Reasons For Bitcoin And Ethereum’s Recent Price Spikes

Related Posts

Featured

XRP Jumps as Ripple Wins Legal Fight

June 28, 2025
Trump to Save Crypto: New Order May End Banking Discrimination
News

Trump to Save Crypto: New Order May End Banking Discrimination

June 25, 2025
Why Ethereum 6-Second Block Time Might Change Everything
News

Why Ethereum 6-Second Block Time Might Change Everything

June 24, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
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

Press Releases

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

by Alex Mercer
June 24, 2025

Introduction If you blinked, you might’ve missed Jupiter’s brief moment in the spotlight. The DAO behind the once-buzzy token has...

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

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

June 19, 2025
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
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