LUNA is the reserve currency of the Terra platform. As the Terra protocol is a Proof of Stake (PoS) based blockchain wherein the miners are required to stake their Luna tokens in order to mine transactions. As the probability of a validator being able to mine the next Terra block is directly proportional to the staked Luna tokens, thereby, Luna holds key importance in the Terra ecosystem.
Terra team has launched the project Dawn- fund worth $150M in LUNA tokens build with the aim to make all blockchains seamlessly communicate with each other. The news flow has triggered a buying momentum in the digital asset.
On the Daily Time Frame, the support to the lower side is present at $30 while it may face resistance at the level of $45 followed by $50.
Terra team has launched the project Dawn- fund worth $150M in LUNA tokens build with the aim to make all blockchains seamlessly communicate with each other. The news flow has triggered a buying momentum in the digital asset.
On the Daily Time Frame, the support to the lower side is present at $30 while it may face resistance at the level of $45 followed by $50.