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Terra (LUNA): Second largest DeFi network with strong price increase!

 In a strong crypto market that is up over 4.5%, the digital currency Terra (LUNA) is one of the top performers. Because the course of Terra rose in the last 24 hours by over 15%. Because Terra is a public blockchain that represents a decentralized algorithm for stablecoins in order to make DeFi applications accessible to the masses. What do crypto fans need to know about the latest price development at Terra (LUNA)? 




LUNA with a price increase of over 15%

In 2021, the end of the year was marked by sales in the crypto sector. But Terra (LUNA) performed significantly better than the other cryptos. Because in just 30 days the price rose by over 130%. In the past two weeks there has been a performance of around 50%, in the last week the LUNA price rose by 55%. The momentum at LUNA was particularly strong last day. Because in just 24 hours the price exploded by over 15%. 


Terra becomes the second largest DeFi network  

In the last few weeks Terra has performed above average. A driver for the LUNA course was the increasing demand on the DeFi market. Because the Terra network is becoming increasingly popular. On the last weekend before Christmas, Terra replaced the Binance Smart Chain as the second largest platform in the DeFi sector. The Total Value Locked (TVL) is around $ 17.4 billion, according to Defillama, the growth rate was over 35% the week before. Because according to the relevant data, there are 13 different crypto products in the open source network for stable coins.


Firmly established in the top 10  

In the meantime, Terra (LUNA) has firmly established itself in the top 10 of the global crypto market. Because Terra (LUNA) is currently in 9th place among the most valuable cryptocurrencies in the world. The market cap is around $ 35 billion. This puts it ahead of 11th place, the Polkadot blockchain solution , with a market cap of 28 billion US dollars, around 7 billion US dollars. Thanks to the DeFi boom, Terra (LUNA) is firmly established in the top 10 and should not give up its place anytime soon.


Buy Terra (LUNA) now? 


Just a few minutes ago, Terra (LUNA) was trading at a new all-time high of around $ 100. The momentum is very positive. Terra is moving more and more into the focus of crypto fans and has firmly established itself in the top 10 in terms of market cap. Then there is the DeFi boom, which plays into the cards of the Terra Protocol. This could lead to the price rally continuing beyond the turn of the year.

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