LUNA surprised the currency markets and rose more than 200%

LUNA

The digital currency LUNA surprised the cryptocurrency markets and rose strongly to exceed the 200% increase during today’s trading, which indicates the strong demand for the Luna currency.

During trading, LUNA increased by 212.16% and recorded about $6.02, with a daily trading volume of the Luna sign by $3,170,991,094, bringing the capital value of Luna to $772,033,984, and Luna occupies the 58th place in the ranking of the most famous digital currencies in terms of market capitalization.

Analyzes indicate that LUNA’s rise during trading was due to the announcement of some major cryptocurrency exchanges such as Binance, KuCoin and GateIO to provide support for the tax-burning mechanism of the cryptocurrency.

It should be noted that the LUNC Coin, which supports the classic version of the Terra ecosystem, recorded increases of up to 100% this week, benefiting from the strong burns on the cryptocurrency.

The price of LUNC Classic has recently gone up due to the new staking service provided by LUNC DAO, a group of participants in Terra Luna, who developed this coin burning service in order to reduce the number of coins in circulation to recover their value.

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