Tag: terra price analysis

Oct 12 2022

Terra Coin Price Skyrocketed 30% But Will This Rally Sustain?

For the past three weeks, the Terra coin price resonated within a consolidation phase of a bearish pennant pattern. Though this pattern should bolster sellers to extend the prevailing downtrend, the price undermined this bearish setup with the sudden surge in buying pressure. A bullish breakout pattern's resistance offers recovery... Read more

Oct 10 2022

Terra Founder’s Passport Will Be Invalidated Next Week, Here What Happens Next

Earlier this month, the South Korean prosecutors announced that if Terra founder Do Kwon failed to show up they would be invalidating their passport. The deadline for the same has been set to October 19 next week. Note that Do Kwon is currently on the Red Notice and there's still... Read more

Sep 21 2022

New Draft Legislation Proposes Two-Year Ban on Stablecoins Like TerraUSD

Next week, the House Financial Services committee will vote on legislation to regulate stablecoins. As per details, the draft bill proposes a complete two- year ban on algorithmic stablecoins like the TerraUSD. The TerraUSD stablecoin witnessed a severe crash earlier this year in May 2022 eroding more than $40 billion of... Read more

Sep 10 2022

LUNA Price Surged Another 30%, But Is It Sustainable?

Following a long accumulation, the LUNA price surged significantly in the last two days. Moreover, the technical chart justifies this price action with a rounding bottom pattern in the daily time frame. This bullish reversal pattern should encourage buyers to extend the recovery above $9. However, is it safe to... Read more

Aug 16 2022

Terra Founder Do Kwon Reveals He Was Never Investigated By South Korean Authorities

Aug 16 2022 Published at Coingape under tags  altcoin news news terra price analysis

The collapse of the Terra ecosystem earlier this year in May 2022 shook the entire crypto fraternity as it led to a humongous wealth erosion of more than $40 billion in a matter of a week. Ever since South Korean...

Jun 01 2022

With Wild Price Swings, the New LUNA Cryptocurrency Has Become Gamblers’ Paradise

Jun 01 2022 Published at Coingape under tags  news terra price analysis

Three days since launch and the new LUNA cryptocurrency is exhibiting massive price swings becoming gamblers' paradise. After the airdrop last Saturday, different crypto exchanges have been showing...

May 28 2022

Terra Team Officially Activates Terra 2.0 Pheonix-1 mainnet, Here Are the Details

The official announcement for Terra 2.0 launch is finally here as the team activates Terra 2.0 Pheonix-1 mainnet by generating the first block on the blockchain network. The...

May 26 2022

Terra 2.0 Coming With A New “Rebirth” On May 27 But This Time Without UST Stablecoin

May 26 2022 Published at Coingape under tags  altcoin news news terra price analysis

It seems that Do Kwon and his team have finally arrived with their Terra Ecosystem revival plan after one of the biggest crashes in the history of crypto earlier this month. As per the announcement, a new...

May 20 2022

Terra Ecosystem Announces Some Key Amendments to Its Revival Plan

May 20 2022 Published at Coingape under tags  altcoin news news terra price analysis

After the recent collapse, the Terra ecosystems has been working on a revival plan. A majority of the Terra community members have voted in favor of a hardfork. In the latest development, Terra has published an amendment to proposal 1623 and has made three major revisions following the community feedback. 1. Increasing the Genesis Liquidity...

May 19 2022

Big Investors in Terra LUNA Finally Break Silence, Here’s What They Have to Say

May 19 2022 Published at Coingape under tags  altcoin news news terra price analysis

The collapse of the Terra ecosystem has sent shockwaves across the crypto market. Some of the biggest investors in Terra such as Delphi Digital and Galaxy Digital's Mike Novogratz have finally broken their silence on the matter. Earlier in February 2022, Delphi Digital participated in the last fundraiser by the Luna Foundation Guard (LFG). The...

May 18 2022

G7 Countries to Discuss Crypto Assets This Week After Recent Terra Ecosystem Collapse

The recent collapse of the Terra ecosystem has drawn the attention of regulators worldwide! Finance ministers of the G7 nations are meeting ahead this week and shall be discussing crypto assets on a priority basis. Reuters quoted the French central bank head Francois Villeroy de Galhau saying this on Tuesday, May 17. While speaking at...

May 16 2022

Polygon Team Working With Terra Projects to Help Them Swiftly Migrate to Polygon Network

The collapse of the Terra ecosystem over the last week has shaken the entire crypto market. Industry players are coming forward to lend an extending help to the community. On Sunday, May 15, Ryan Wyatt, CEO of Polygon Studios tweeted that it will help different Terra projects migrate to the Polygon blockchain network. He wrote:...

May 15 2022

Binance CEO CZ Clears Air On Their Investment In Terra LUNA

The collapse of the Terra ecosystem has shaken the crypto market as the price of LUNA cryptocurrency falls to dust from once being the top-5 cryptocurrencies by market cap. However, amid all the ongoing drama, some rumors floated on Twitter that crypto exchange Binance was one of the big investors in the Terra LUNA ecosystem....

May 14 2022

Terra Founder Proposes Revival Plan But LUNA 2.0 Shall Be An Uphill Task, Here’s Why

Finally breaking his silence after the recent collapse of the Terra ecosystem, founder Do Kwon came up with a revival plan for the Terra blockchain network. Besides, the founder also said that they should deploy their Bitcoin reserve for the rescue plan. However, things will not be as easy for LUNA 2.0 and for Terra...

VanEck and 21Shares Suspend Their Terra ETPs After Recent Collapse

May 14 2022 Published at Coingape under tags  altcoin news news terra price analysis

After the recent collapse of the Terra ecosystem this week, VanEck and 21Shares have decided to suspend the creation and redemption of shares in their respective Terra exchange-traded products (ETPs). The 21Shares Terra ETP (ticker LUNA SW) and the VanEck Terra ETN (VLNA GR) shall be thus halting the processes. Terra's native cryptocurrency LUNA was...

May 13 2022

Crypto Exchange Binance Decides to Delist Terra LUNA and UST Stablecoin

One of the world's largest cryptocurrency exchanges Binance has recently decided that it will move ahead with the decision of deleting Terra's native crypto LUNA and the UST stablecoin. The announcement reads: Binance will remove and cease trading, close users’ positions, conduct an automatic settlement and cancel all pending orders on the following margin trading...

May 11 2022

Here’s How the Attacker Possibly Made Over $800 Million In A Coordinated Attack on UST

May 11 2022 Published at Coingape under tags  altcoin news news terra price analysis

Since the beginning of the week, Terra's UST stablecoin has seen a major crash de-pegging from the USD. At the same time, Terra's native cryptocurrency LUNA has corrected by over 80% in the last four days. Amid all the bloodbath, speculations have been growing that there was a coordinated attack on the UST stablecoin. The...

LUNA Tanks Another 57% Slipping Under $20, Do Kown to Announce UST Recovery Plan

Things seem to be getting from bad to worse for the Terra ecosystem as the LUNA price continues its further correction. In the last 24-hours, LUNA lost another 57% and is currently trading at $16.71. On the other hand, the UST continues to de-peg and is currently at $0.80. The TerraUSD (UST) stablecoin has shown...

May 10 2022

Crypto Exchange Binance Suspends Withdrawal of Terra (LUNA) and UST Stablecoins

The UST stablecoin de-peg with the U.S. Dollar has created a storm on Satoshi Street. Earlier today, the UST price dropped to a low of $0.60 de-pegging by a staggering 40% from the Dollar. This has resulted in massive liquidations of UST as well Traa's native cryptocurrency LUNA. As of press time, the Terra (LUNA)...

May 09 2022

Luna Foundation Guard Takes Corrective Measures to Protect UST Peg, Here’s How

The Luna Foundation Guard has once again come forward announcing some key measures to safeguard the Bitcoin peg for its native UST stablecoin. Last weekend turned out to be a major nightmare for Terra (LUNA) investors and all participants of the ecosystems. In what seemed like a coordinated attack on the Terra-Luna-UST ecosystem a single...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: