LUNA, Cardano, and Avalanche Price Analysis: 11 May

LUNA has fallen around 84% within 72 hours following the ruckus around the stablecoin UST.

As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93

As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours.

Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy

The acquisition, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s algorithmic stablecoin UST.

LUNA and UST Now Available on 1xBit

[PRESS RELEASE – Please Read Disclaimer] The popularity of Terra (LUNA) and the stablecoin UST has grown exponentially, and now these tokens are being added to 1xBit’s list of permitted payment options.

Terra [LUNA] has had a good run this week but will it continue

The DeFi chain, Terra, had a good run these last two days, with its stablecoin UST flipping BUSD to gain the position of the third biggest stablecoin.

Conquering Terrain: Terra’s Stablecoin UST Is Now Crypto’s Third Biggest

Terra’s US dollar-pegged algorithmic cryptocurrency UST is moving up the ladder and now ranks third in terms of overall market capitalization.

Inside Terra’s $2.38 Billion Reserves, What Made The Lineup?

Terra (LUNA) has been aggressive about filling up its reserves with trusted cryptocurrencies to serve as a backup for its stablecoin UST.

Terra's Stablecoin UST Becomes Crypto's Third-Largest

The dollar-pegged UST has overtaken Binance USD to become the crypto market’s third-largest stablecoin by market capitalization.

Anchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Largest Lending Application

While the decentralized finance (defi) platform Anchor Protocol’s native digital asset ANC has gained more than 180% over the last month, the total value locked (TVL) in Anchor has increased a great deal during that time as well.