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Terra, the fourth biggest smart contracts platform, has passed a proposal to 'burn' around 88.7 million Terra (LUNA) tokens, one of the biggest burns in the history of Three reasons for the price breakout in LUNA include the launch of its Columbus-5 upgrade which introduced a LUNA burning mechanism, the protocol’s adoption of In the early hours of this morning, Terra (LUNA) reached yet another all-time high of $105.91, raising its total market capitalization. The cryptocurrency’s value has As it goes, there’s evidence to support both sides. Terra [LUNA] jumped by 26.12% over the past week and was trading at $114.47 at around press time. This, along with LUNA’s history of Terra (LUNA) reached an ATH of $110, but there is still room for growth? The price of Terra (LUNA) hit a new all-time high of $109.90 on 29th March. Over the last 7 Terra (LUNA) hit a new ATH of $116.48 in a breakout session on Saturday. A marked increase in Terra’s total value locked (TVL) has supported the current uptrend. LUNA price notched another ATH today before retracing lower. The price increase over the last few days was likely triggered by investors buying spot LUNA to lock up in the Astroport The price of Terra (LUNA) has smashed an all-time-high (ATH) of $107.14, rising nearly 10% in the last 24 hours, according to CoinMarketCap. LUNA has surpassed the

Terra Luna Reaches New ATH, But Price Discovery Isn't Over: Here's Why

Terra (LUNA) is on a tear! In the early hours of this morning, Terra (LUNA) reached yet another all-time high of $105.91, raising its total market capitalization and surpassing the market capitalization of many established cryptocurrencies. But even with these impressive gains, reaching an ATH of $110 and then again at $116.48 in a breakout session, could the price discovery for Terra Luna truly be over? We don't think so. Here's why there's still potential upside.

LUNA's Price Surge: Fueled by Fundamental Shifts

The recent surge in the price of Terra (LUNA) has smashed an all-time-high (ATH) of $107.14, rising nearly 10% in the last 24 hours, according to CoinMarketCap. Over the last 7 days, Terra [LUNA] jumped by 26.12% and was trading at $114.47 at around press time. This momentum is fueled by strong underlying factors.

Three reasons for the price breakout in LUNA include the launch of its Columbus-5 upgrade which introduced a LUNA burning mechanism, the protocol’s adoption of new technologies, and the overall growth of the Terra ecosystem. Terra, the fourth biggest smart contracts platform, has passed a proposal to 'burn' around 88.7 million Terra (LUNA) tokens, one of the biggest burns in the history of the project. This deflationary pressure significantly impacts the value.

TVL and Astroport Locking: Driving Demand

A marked increase in Terra’s total value locked (TVL) has supported the current uptrend. The price increase over the last few days was likely triggered by investors buying spot LUNA to lock up in the Astroport protocols. This sustained demand continues to push the price upwards.

Room for Growth: Why the ATH Isn't the Limit

The price of Terra (LUNA) hit a new all-time high of $109.90 on 29th March, but that wasn't the end of the story. As it goes, there’s evidence to support both sides of the argument. While corrections are always possible, LUNA’s history of strong performance and the ongoing developments within the Terra ecosystem suggest there's still room for growth. With its strong fundamentals and increasing adoption, the current ATH might just be another stepping stone in Terra's journey.

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