algorithmic stablecoin has topped $15 billion for the first time, according to data provided by CoinMarketCap.
It is now close to surpassing meme cryptocurrency Dogecoin, which remains in 13th place after months of lethargic price action.LUNA, the native token of the Terra blockchain, is flatlining today, adding only a mere 0.30%. The cryptocurrency has failed to maintain its momentum after hitting a new all-time high of $103.88 on March 9. It is currently trading at $88 on major spot exchanges.
Last month, LUNA raised $1 billion for its Bitcoin-denominated reserve via a private token sale. The supply of the native token gets periodically destroyed when new UST tokens are minted . Arbitrageurs are incentivized to maintain the dollar-peg of the stablecoin by swapping it at a discount with LUNA. When the stablecoin surpasses $1, its circulation supply increases by means of burning
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biggest Movers: IOTX Climbs 13%, as GRT Leads Gainers on Tuesday – Market Updates Bitcoin NewsAfter a slow start to Tuesday, cryptocurrency markets rebounded during the afternoon. GRT was one of the biggest to climb, with IOTX also up. bitgertbrise BITGERT Brise BitgertArmy bitgertbrise BITGERT Brise BitgertArmy bitgertbrise BITGERT Brise BitgertArmy bitgertbrise BITGERT Brise BitgertArmy bitgertbrise BITGERT Brise BitgertArmy bitgertbrise BITGERT Brise bitgertbrise Data are the next gold nuggets.
Source: BTCTN - 🏆 531. / 51 Read more »
NZD/JPY Price Analysis: Hovers around 80.00 on a mixed market sentimentOn Tuesday, the NZD/JPY finished the day with gains of 0.46% but fell short of reaching a new YTD high, retreating from 80.21 to 80.07, on a sudden sh
Source: FXStreetNews - 🏆 14. / 72 Read more »
Cramer Says the Stock Market Is Unusually Fragile, Use Rallies to Raise Cash“You don’t need to despair, you just need to be more clever,” the “Mad Money” host said Tuesday. Who gives a shit what that con man Cramer says?
Source: nbcchicago - 🏆 545. / 51 Read more »
Realtor Trent Cady details how to get an advantage in San Diego's competitive market -SAN DIEGO (KUSI) – The median price of an existing, single-family home in San Diego County was $888,000 in February, up from $875,000 in January and from $765,000 one year ago, the California Association of Realtors reported Tuesday. Statewide, the average median home price rose to $771,270, up from $765,610 in January and $699,000 in January 2021. Total sales of...
Source: KUSINews - 🏆 241. / 63 Read more »
Little Susie’s corners the pie and coffee market in Old CityDan Martino opened Little Susie’s — named after his neighbor’s dog — in early January 2020, two months before the shutdown, specializing in sweet and savory hand pies and La Colombe coffee. And now he's looking to expand.
Source: PhillyInquirer - 🏆 81. / 68 Read more »
Asian Stock Market: Tracks Wall Street gains, Hang Seng leads bullsAsia-Pacific equities stay on the front foot during early Wednesday as easing covid woes in China helped the shares to track Wall Street’s gains. Tech
Source: FXStreetNews - 🏆 14. / 72 Read more »