{"id":55167,"date":"2021-12-24T11:59:53","date_gmt":"2021-12-24T09:59:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55167"},"modified":"2025-09-04T00:01:16","modified_gmt":"2025-09-03T21:01:16","slug":"terra-defi-token-price-tops-100-hitting-a-new-all-time-high","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/terra-defi-token-price-tops-100-hitting-a-new-all-time-high\/","title":{"rendered":"Terra DeFi token price tops $100, hitting a new all-time high"},"content":{"rendered":"<p>The Terra (LUNA) price surpassed the $100 mark, setting a new all-time high. The token&#8217;s market capitalization exceeded $36 billion.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/oyf_etejCyDQYcYO4_7pCYMUomRCydNftw8vHun4lB7XL2klJh4KnypxAhEgnF9sY2LCY_cIsMbG-PPKyZmxSJAomLaeGe7mLClLnEvIIWCjXCLPjM37Fm3CI8TDnbbye1ldkdl1\" alt=\"Terra DeFi project's token price rises above $100\"\/><figcaption>4-hour chart of LUNA\/USD on Bitfinex. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/LUNAUSD\/?exchange=BITFINEX\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/terra-luna\">CoinGecko<\/a>, the new price record stood at $100.84.<\/p>\n<p>Over the past seven days, LUNA has risen more than 55% and climbed to ninth place by market capitalization.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/fUOPMJFp-WQ6uyiGyc7cOUofYAFMoRfc9J1vP272CvPyHtq6qdcJGGtf-1kUdnNGHvMNQTB9xoJt5_eUSekn-74B5Nd-wgNzZahrbZ4JaYBxbvQb86yIVUa25xKIn1qlh_V4v_5_\" alt=\"Terra DeFi project's token price rises above $100\"\/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>LUNA is used as collateral for the algorithmic stablecoin <a href=\"https:\/\/u1f987.com\/en\/news\/algorithmic-stablecoins-how-alternatives-to-usdt-and-usdc-are-evolving\">UST<\/a> \u2014 a key element of the Terra ecosystem.<\/p>\n<p>Flood Capital experts noted that in 2021 the share of UST in the total market capitalization of stablecoins rose from 0.67% to more than 6%. The growth occurred amid little exchange support for the asset and its use in two main applications \u2014 Anchor and Mirror, they noted.     <\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">UST has grown its dominance from .67% to over 6% in 2021 with barely any exchange listings and only 2 main apps, Anchor and Mirror.<\/p>\n<p>Given this growth in 2021 and upcoming catalysts, 150% growth in 2022 isn&#8217;t unreasonable.<\/p>\n<p>Meaning <a href=\"https:\/\/twitter.com\/search?q=%24UST&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$UST<\/a> at 23B EOY 2022.<\/p>\n<p>So what are the catalyst? <a href=\"https:\/\/t.co\/2QCaXIxb0h\">pic.twitter.com\/2QCaXIxb0h<\/a><\/p>\n<p>\u2014 Flood Capital (@FloodCapital) <a href=\"https:\/\/twitter.com\/FloodCapital\/status\/1474098166031077379?ref_src=twsrc%5Etfw\">December 23, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On December 23, Huobi added UST to its listing.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\ude80<a href=\"https:\/\/twitter.com\/hashtag\/Huobi?src=hash&#038;ref_src=twsrc%5Etfw\">#Huobi<\/a> is listing <a href=\"https:\/\/twitter.com\/search?q=%24UST&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$UST<\/a>! Share 2,000 UST now\uff01<\/p>\n<p>\ud83d\udd39 Follow <a href=\"https:\/\/twitter.com\/HuobiGlobal?ref_src=twsrc%5Etfw\">@HuobiGlobal<\/a> <a href=\"https:\/\/twitter.com\/terra_money?ref_src=twsrc%5Etfw\">@terra_money<\/a><br \/>\ud83d\udd39 RT with <a href=\"https:\/\/twitter.com\/hashtag\/HuobiXTerra?src=hash&#038;ref_src=twsrc%5Etfw\">#HuobiXTerra<\/a> and tag 2 friends<\/p>\n<p>Click to join \ud83d\udc47<\/p>\n<p>\u2014 Huobi (@HuobiGlobal) <a href=\"https:\/\/twitter.com\/HuobiGlobal\/status\/1473958603446906880?ref_src=twsrc%5Etfw\">December 23, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, the NEAR protocol <a href=\"https:\/\/u1f987.com\/en\/news\/near-token-jumps-50-after-terra-announces-stablecoin-integration\">announced the integration of Terra&#8217;s stablecoin<\/a> into DeFi protocols within its ecosystem.<\/p>\n<p>Follow ForkLog on Twitter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Terra (LUNA) price surpassed the $100 mark, setting a new all-time high. The token&#8217;s market capitalization exceeded $36 billion.<\/p>\n","protected":false},"author":1,"featured_media":55168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1145,852],"class_list":["post-55167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-market-analysis","tag-terra"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=55167"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55167\/revisions"}],"predecessor-version":[{"id":55169,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55167\/revisions\/55169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55168"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}