![]() ![]() According to the same source, LUNA prices in mid-2022 could reach 170 USD. According to WalletInvestor, the value of Terra (LUNA) in 2023 may gradually decline following an increasing trend in 2022. Another reason is that Terra (LUNA) has joined the top ten major cryptocurrencies in market capitalization. Many cryptocurrency experts consider Terra (LUNA) to be a very attractive cryptocurrency because Terra (LUNA) has great potential and ambition as a medium of exchange and payment. Long-term investors should keep in mind that Binance (BNB) might be a good investment. Furthermore, from the beginning of April until the middle of January 2022, Binance (BNB) performed admirably and more than doubled in value. This coin operated on the Ethereum blockchain using the ERC-20 standard, but it is now recognized as the Binance platform's native coin.Īccording to the most recent stats issued in January 2022, the platform is responsible for almost 1.4 million transactions every second. The Binance platform enables cryptocurrency traders and investors to pay fees and trade using (BNB). ![]() Here are three other altcoins whales are currently buying up, Binance (BNB), Terra (LUNA) and Chronoly (CRNO) which is currently in its presale.īinance Coin, or BNB, is the exchange's base cryptocurrency or digital currency. In addition to that, meme coins can be used as a currency in the metaverse, which could boost their price, making a fine investing opportunity for Ethereum Whales. Recently Ethereum whales also invested in Shiba Inu, anticipating the launch of the Shibarium layer-2 solution. The upgrade is expected to bring about positive developments and advancements, fostering the continued growth of the Terra network in the crypto landscape.After Elon's acquisitions, Ethereum whales predicted the uplift of meme coins, and Dogecoin came in the way. The news of Binance’s backing for the Terra (LUNA) network upgrade and the subsequent price surge highlights the growing confidence and interest in the Terra ecosystem and its native cryptocurrency. Both Terra Classic (LUNC) and TerraClassicUSD (USTC) have witnessed a breakout from a descending channel pattern, resulting in a staggering increase of 20% and 50% respectively over the past week. In addition to the LUNA price surge, other tokens within the Terra ecosystem have also experienced notable gains. ![]() Additionally, Binance’s support for the upgrade is expected to provide a further boost to Terra’s growth and adoption within the crypto community. The network upgrade holds great significance for the Terra ecosystem. However, users will still be able to trade LUNA normally during the network upgrade. To facilitate the upgrade process, Binance will temporarily suspend LUNA deposits and withdrawals one hour prior to the scheduled upgrade. Main Points:Īccording to the official announcement by Binance on July 17, the Terra (LUNA) Phoenix v2.4 software upgrade is scheduled to take place on July 18 at 13:00 UTC, coinciding with block height 5,994,365. As a result, the price of LUNA has witnessed a significant surge of over 16% to reach a high of $0.7274 within the past 24 hours. The Terra community has successfully passed the on-chain proposal for the Phoenix software upgrade v2.4, with a majority of votes in favor of the upgrade. Introduction:īinance, the world’s largest crypto exchange, has announced its support for the Terra (LUNA) network upgrade. As a result, the price of LUNA surged by 16% within 24 hours, reaching a high of $0.7274. Binance Supports Terra (LUNA) Network Upgrade: Price Surges by 16%īinance Supports Terra (LUNA) Network Upgrade: Price Surges by 16% Summary:īinance has announced its support for the Terra (LUNA) network upgrade, scheduled to occur on July 18. ![]()
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