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Highlights
- Terra recently pipped Dogecoin in m-cap to become the 10th most valuable cryptocurrency.
- Terra currently has an m-cap of just over US$28 billion.
- The digital coin has surged over 15,000% in the last one year and has been one of the best performing cryptocurrencies in 2021.
Terraform Lab’s Luna crypto coin is currently one of the 10 largest cryptocurrencies by market capitalisation (m-cap). Despite the cryptocurrency market witnessing a sell-off recently, which saw prices of major coins such as Bitcoin falling, Terra moved past popular dog-based meme token, Dogecoin, in m-cap to become the 10th most valuable cryptocurrency.
According to the data provided by CoinMarketCap, Terra currently has an m-cap of just over US$28 billion. In case of a further surge in prices, the cryptocurrency can easily pip Polkadot, which has an m-cap of just over US$29 billion.
Source: © Josefkubes | Megapixl.com
Terra’s 15,000% rise in one year
The digital coin surged over 15,000% in the last one year and has been one of the best performing cryptocurrencies in 2021. Terra touched an all-time high of US$75.56 from less than half a dollar a year ago, according to the data provided by CoinMarketCap. On top of that, the coin has recorded a year-to-date (YTD) rise of nearly 12,000%.
This crypto coin rose over 15,000% in last one year
At the time of writing, Terra was trading in the range of US$72-73. There are 382,692,629.13 Luna tokens in supply so far. The total supply of coins stands at 855,799,933.
How other major cryptocurrencies performed in last 24 hours
Following a strong rebound on Wednesday, cryptocurrencies saw profit booking as investors flocked to stocks amid ease in COVID-19 infections. Most currencies traded lower, with Cardano, XRP and Solana tanking 5-6% each.
The global crypto m-cap inched marginally lower, nearly a per cent, to the US$2.35-trillion mark compared to the last day. However, the total crypto market volume plummeted by more than 21% to US$108.89 billion.
Meanwhile, altcoins were also seen to make a decent rebound, and the outperformer was MATIC, which was up nearly 14%.
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