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While the entire crypto market is still struggling with the bearish trends from last week, LUNA, the native cryptocurrency of the Terra ecosystem. Of course, it is on a bull run, currently one of the best-performing assets in the market.
Furthermore, As per data by CoinGecko, LUNA records over 50% within the last seven days. This of course, is despite the weekend crash, Luna hits a new all-time high (ATH) of $77.7.
More so, LUNA’s bullish trend within the past few weeks is surprising as it’s one of the worst-hit cryptocurrencies during the massive May sell-off.
Notably, LUNA goes way down after the May 2021 crash, as price slashes off 81%.
Notwithstanding, the coins makes a massive turnaround, recording highs after highs. Of course, even outperforming the second-largest cryptocurrency, ETH, by 10x.
Notably, Since May, LUNA records a 2700% increase in value, while ETH has only 270% increase since the crash.
Also, it surpasses some of the trending coins in the market like DOGE and Shiba Inu.
Currently, LUNA is the 10th largest cryptocurrency, at around $67 price with a market cap of $26.56 billion.
Lastly, according to recent tweet by Wu Blockchain, Terra’s TVL recently hits $13.9 billion, a weekly growth of 43%.
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