LUNA Misfires Due to Market Volatility, Hits New All-time Low
2022.04.29 17:16
LUNA Misfires Due to Market Volatility, Hits New All-time Low
- On April 29, Terra (LUNA) fell to its new all-time low, after hitting its all-time high of $119 on April 5.
- LUNA has performed very well in the market since last year, but the coin is underperforming now.
- Terra plans to launch NFT staking and mobile apps for the first half of 2022.
LUNA, the native token of Terra blockchain, has been on most people’s radar for a while. But LUNA’s price continues to decline this year after hitting the all-time high of $119 on April 5. However, on April 29 Terra native token looks like it fell to its new all-time low.
Most experts discuss whether this is a pullback or the start of the end for Terra. At the same time, it is unbelievable that the crypto may continue to drop for the entire year.
Moreover, LUNA has been popular since its beginning until the last few years. The native utility token of the Terra project has also performed very well in the market. For the past year, LUNA marked a bullish trend, but the coin is underperforming now.
However, it isn’t only LUNA – the entire crypto market also decreased by 0.8%. Likewise, other cryptocurrencies are still on their track amid the market being down. Even Bitcoin is struggling with its price and stayed for a long time at below $40,000.
At the time of writing, LUNA trades at $86.54, with a market capitalization of over $29.9 billion. The LUNA made a new all-time high on April 05, 2022. The volatility is also high for now, with an all-time low of $0.1201 and a recent all-time high of $119.18.
Furthermore, the LUNA price has continued to perform well over the past year, and it is expected that the adoption will increase the future price of the token over time.
Meanwhile, the project plans to introduce NFT staking and launch apps for mobiles in the first half of this year. It also plans to create Loop Chrome Extension, which will likely be presented in the second quarter of this year as it works with cross-chain launchpads to introduce more projects into the ecosystem.
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