The market value of the digital coin exceeded $ 13.7 billion. The asset took 12th place in the list of the largest cryptocurrencies by capitalization.
The cost of the Terra (LUNA) token has grown by 327% over the past month. On August 24, its rate renewed its all-time high at $ 34.2. Cryptocurrency capitalization has exceeded $ 13.7 billion, according to CoinGecko.
The asset took 12th place in the list of the largest cryptocurrencies in terms of capitalization. Over the past year, the Terra token has risen in price by 6972%.
The growth of the digital coin may be associated with the upcoming Terra Columbus-5 blockchain update. According to Coindesk , the update is scheduled to be released in the next few weeks.
Also, the quotes could be influenced by the listing of Wrapped Luna and TerraUSD tokens, issued on the Terra blockchain, on the Coinbase Pro crypto exchange for professional traders.
Terra is a blockchain protocol that creates fiat-pegged stablecoins.
LUNA token holders can propose and vote on proposals for improving the blockchain.
LUNA is listed on crypto exchanges Binance, Huobi Global, OKEx and Bitfinex.
Over the past four days, the price of Monero has risen 32% after the developers of the digital coin have updated its blockchain with the addition of an “atomic swap” system that makes it easier to exchange cryptocurrencies for bitcoin and vice versa.
