Terra Luna has been performing exceptionally well today, rising from a low of $84 and peaking at $104. Is this the beginning of a bull market for Terra? Let’s look at what Terra Luna is precisely and why the price is rising so much? What Is Terra Luna? The Terra protocol is a leading open-source, decentralized blockchain protocol for algorithmic stablecoins. An algorithmic stablecoin is a cryptocurrency that tracks the price of specific assets, usually traditional currencies like USD, EUR, etc. Algorithmic stablecoins maintain their price peg through a set of algorithms instead of utilizing an underlying asset. Users can
The post Terra Luna Price Hits New All-time High of $104, Why Is the Price Rising? appeared first on The Merkle News.
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