Terra & MATIC Ahead 30% In Past 7 Days As Market Sell-Off Erases.

Terra & MATIC Ahead 30% In Past 7 Days As Market Sell-Off Erases.

2021-12-07 | Robin Williams

Terra & MATIC Ahead 30% In Past 7 Days As Market Sell-Off Erases.

Terra (LUNA) is one of the top ten most valued cryptocurrencies by market capitalization. As per CoinMarketCap statistics, Terra LUNA is over 3o% over the last seven days and is now trading at $69.08 USD. Notwithstanding a market-wide selloff that has erased hundreds of billions of dollars since December 4, Terra has sustained weekly and monthly gains. Terra & MATIC Ahead 30% In Past 7 Days As Market Sell-Off Erases.

LUNA price chart - Source: CoinMarketCap

The cryptocurrency market, led by Bitcoin, witnessed a massive loss, with most tokens plummeting to multi-month lows as a result of panic selling. With the exception of LUNA and Polygon (MATIC), which are up 9.52 percent and 33 percent, correspondingly, for the month, practically all tokens in the top 100 have lost their seven-day and thus monthly gains. Terra (LUNA) is one of the top ten most valued cryptocurrencies by market capitalization.

Matic Price Chart - Source: CoinMarketCap

According to CoinMarketCap, Terra (LUNA) is currently among the top ten largest cryptocurrencies by market capitalization, as investors took advantage of the "flash collapse" to stock up on LUNA tokens. The Terran economy's economic expansion continues to assist LUNA. Millions of Luna tokens were burnt in the months that followed a Terra protocol update to keep UST linked to Terra's fiat value, reducing the coin's supply and increasing its value.

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