CMC Shows That LUNA Is Close To Setting a New All-Time High

Terra (LUNA) has made it onto CoinMarketCap’s trending list and is currently occupying the 10th position. Currently, LUNA is positioned between PancakeSwap (CAKE) in the 9th position and Oasis Network (ROSE) in the 11th position on the list.

In the last 24 hours, LUNA saw a noteworthy 8.36% price increase, pushing the price of LUNA to around $96.19, or 0.002375 Bitcoin. To put this into perspective, LUNA’s all-time high price was $97.28, so the coin is not far off from challenging its best and potentially setting a new high.

Over the longer time frames, LUNA has also performed well with a 7.13% increase over seven days and an overall 5.92% increase over the last month.

According to CoinMarketCap, LUNA saw a trading volume of $2,510,329,217 over the last 24 hours. Currently there is 347,374,264.96 LUNA in circulation and LUNA’s market cap stands at $33,409,587,377. This makes it the 7th biggest project in the crypto space when comparing the market caps of all of the projects in the space.

Terra Luna has been amassing a decent amount of investor interest and hype in the crypto community over the last couple of months. Its price has also been performing during a period believed to be the start of ‘crypto winter’. LUNA is also building its Bitcoin reserves and currently has the 3rd biggest BTC holding.

The bullish outlook on LUNA could see the coin challenging its all-time high very soon. The project’s stablecoin — UST, could also become the stablecoin of choice over Tether in the near future.