Experts believe that as long as the managers focus on the fundamentals of the project and remain stable, the price of Luna could increase and recover some of the loss. It lost over 98% of its value in a matter of a few days. Terra has dropped significantly in the last week. Similarly, Do Kwon notified the Terra Community of the new chain stating that ‘Pheonix-1 mainnet is now live and producing blocks – public node services, wallets, and explorers should be going live shortly.Mutual Funds Spend P2P Data Center Fuel Rates Diesel Rates Petrol Rates Bank Pan Number Bank holidays Penny Stocks MF Ratings & NAV Top Performing Schemes Top Star Rated Schemes Top Tax Saving Schemes Highest Risk Adjusted Return New Fund Offers Forthcoming Dividends NPS Top Performing NPS Scheme Most Consistent NPS schemes ETF Perfomance Latest Prices Listed Bonds Traded in Cash Market ULIPs ULIP Schemes Calculators Recurring Deposit Calculator Fixed Deposit Calculator LTCG Tax Calculator Income Tax Calculator Rent Receipt Generator SIP Calculator IFSC Bank Code NPS Calculator Invoice Generator EPF Calculator House Property Income HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Buy Online Health Insurance Car Insurance 2 Wheeler Insurance Interest Rates Recurring Deposit Rates Fixed Deposit Rates Bank Fixed Deposits Rates Post Office Schemes Rates MCLR Loan EMI Participate & Win Stocks & Shares ET Wealth ET Wealth Editions Buy Wealth Magazine ET Wealth Newsletter Terra □ Powered by LUNA □ May 28, 2022 The team announced the launch of the new Terra chain through the following tweet.ġ/ Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022!Ĭongratulations to the #LUNAtic community on this expeditious feat of collaboration □ The team at Terra also announced that the new blockchain would have a Chain_id of ‘Phoenix 1’. The Binance Innovation Zone is ‘a dedicated trading zone where users are able to trade new tokens that may have increased volatility and pose a higher risk than other tokens.’īefore Binance users can trade digital assets in the innovation zone, they are ‘ required to visit the web version of the Innovation Zone trading page to carefully read the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer.’ Terra 2.0 Launched Earlier Today with its Mainnet of Phoenix 1 Going LiveĪlso, today, May 28th, the new chain of Terra (LUNA) was launched by the team at 6 am UTC. Additionally, the trading of LUNA/USDT and LUNA/BUSD trading pairs will be delayed till May 31st at 6 am UTC. Binance Opts for a More Cautious Approach in Listing the New Terra (LUNA) Digital AssetĬonsequently, the volatility witnessed by the new Terra (LUNA) digital asset has led Binance to announce that it will be listing it in the innovation zone. Volatility surrounding the new LUNA coin. The chart below, courtesy of, further provides a visual cue of the ongoing volatility surrounding the new LUNA. However, on the same exchange, the digital asset soon plummeted by roughly 88% to $3.5, then bounced back to settle around $6, which is still an 80% drop from its local high. The highly anticipated LUNA coin trading from the new Terra blockchain is now trading on some exchanges and opened as high as $30 on Bybit.
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