Aren't we all wondering why $LUNA's price action over a time period of 2 months (28 Jun to 28 August) is just - well simply put - GAINZ? I mean, sheesh, take a look at what Camila Russo had to say! $LUNA is definitely beastly against those other alt coins.
A submission by teeefz#5805 to analyse LUNA Price Action and what's making it so ham?!
https://twitter.com/CamiRusso/status/1430205083522904066
In this article, we explore the price action of $LUNA and also derive a few hypotheses or insights as to what caused that delicious ATH price of $34.51 in the period of August 2021. 🔍
Interactive chart of $LUNA's price action for the past 60 days.
I went ahead to map out the low, average and high price points (per day) for $LUNA for the last 60 days. From the graph, we can see that $LUNA was trading at an average range of $5.82 to $5.87 from 28 Jun to late July, before skyrocketing to an ATH of $34.51 on 24th August 2021. I went to map out the few pivotal moments where $LUNA's price point started rallying, to deep dive into what triggered such events.
The #PAMP dates I've noticed are:
July's Lift Off!
August's skyrocket to ATH
While many might remember the madness brought about by the May dump, the Terraform labs (TFL) team was undeterred, and continued to work hard in the background on a multitude of projects. Yes, that's right! The TFL team launched not one, not two.. but a whopping constant build up of projects across the Terra-verse! Let's take a peek at some interesting milestones from the Terra team 👀
On July 7th, the Terra team announced on their Twitter account that they will be committing $50M in SDT to support Anchor Protocol, a yield savings protocol on the Terra ecosystem.