While the crypto market remains highly volatile amid the ongoing armed conflict between Russia and Ukraine, Terra (LUNA) swiftly moved against the crowd and surged by more than 80% over the past seven days.
At the time of writing, LUNA is trading at $89.87 taking its market cap at $33.75B. On the weekly chart, however, the coin’s price surged by 73.5% since last Monday.
Consequently, the price hike has boosted LUNA’s Market Capitalization (the combined price of all its tokens currently in circulation) to nearly $33.75 billion, making it the seventh-largest crypto in the world.
Notably, Terra has outpaced both Cardano (ADA) and Solana (SOL)—now ranked 8th and 9th, respectively—on its way to the top.
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| Source: CoinMarketCap |
Moreover, It is being expected that Luna will set its all-time high (ATH) at $200 probably by the end of 2022 or sooner. Also, just the news that came from one of the leading exchanges "FTX" (Rank #3 in Top 10 Global Exchanges) says "$LUNA's Listing on FTX Official on 1st March 2022, 14:00 (UTC). This will surely be a great lead towards making LUNA on the list of Top 5 Cryptocurrencies globally.
Upcoming listing on FTX: $LUNA Spot Market!@terra_money
— FTX (@FTX_Official) February 28, 2022
Listing details: https://t.co/496SV4m2OA pic.twitter.com/L8ktm901DZ