Terra LUNA leads the most trending cryptos as investors bet on higher prices
The cryptocurrency market continues to move away from pessimism and the global market cap reclaims the $1 trillion milestone, Terra LUNA leads the most trending cryptos in CoinMarketCap as investors bet on higher prices.
Terra(LUNA) also known as Terra 2.0 and the platform's old chain, Terra Classic (LUNC) are attracting tremendous interest among crypto traders up on the day by 6.61% and 1.89% consecutively. While LUNC is ranked third highest.
The live Terra Classic price today is $0.000104 USD with a 24-hour trading volume of $159,239,210 USD Terra Classic is down 1.88% in the last 24 hours. The current CoinMarketCap ranking is #212, with a live market cap of $684,219,661 USD. It has a circulating supply of 6,565,315,225,908 LUNC coins.
Terra LUNA is highlighted by the CoinMarketCap dashboard which shows that the token is the most searched on the CoinMarketCap platform out of all the cryptocurrencies as of July 18
Investors may still feel that LUNA and Terra Classic have a shot at succeeding in the cryptocurrency market based on the amount of interest shown in both assets.
However, they have seen a rise as the sentiment in the cryptocurrency market begins to shift perhaps suggesting that crypto traders may be viewing them as an opportunity to make a profit in light of the change in the market mood.
Despite this, it's important to the recovery of the Terra ecosystem got off to a start as LUNA 2.0 price correction within an hour after its launch.
The fall of Terra also revived the debate over regulation which resulted in several governments implementing policies to regulate space.
Furthermore, The Digital Assets Committee (DAC)" has been established in South Korea and it will be tasked with establishing legislation for the cryptocurrency sector and regulating its Mission.