$LUNA is leading the broader market once again
The governance token of the Terra platform is currently outperforming the rest of the cryptocurrency market. It is trading at $88 on major spot exchanges., the world’s largest cryptocurrency, is also in the green after reclaiming the $40,000, but it is only up by a mere 0.83%. Earlier today, the flagship cryptocurrency slipped below the $39,000 level, reaching its lowest price point in more than a month.
Despite underperforming big time in January, LUNA went on a massive rally in February because of the creation of a Bitcoin-denominated stablecoin reserve by the Luna Foundation Guard . The LFG’s total reserve balance currently stands at $2.41 billion, with Bitcoin accounting for 69.3%.
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