Investing.com – With a 10% gain since yesterday at the time of writing, the cryptocurrency is by far the best performer in the Top 10 on Tuesday morning.
This allowed the cryptocurrency to mark a new all-time high early this morning at $106.24. Over one year, the Terra (LUNA) is now gaining more than 430%.
Recall that LUNA is one of the two native tokens of the Terra network, an environment that allows developers to create custom blockchains and build their own decentralized applications.
Interest in LUNA has increased since last month, largely due to the Luna Foundation Guard (LFG), a Singapore-based non-profit organization that has set out to buy over $3 billion worth of bitcoin as an additional layer of security for UST, the Dollar-based stablecoin from the Terra network.
LFG’s demand for Bitcoin has even been cited as a key driver behind Bitcoin’s recent rally, which broke above $48,000 and marked a new yearly high yesterday.
Finally, it should be noted that the next natural objective in the event of a continuation of the rise of Terra (LUNA) will be the threshold of $110, while the major psychological threshold of $100 is to be considered as the first key support to be taken into account.
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