LUNA Price Soars to Record High

The price of the native token of the Terra ecosystem (LUNA) has overcome $107, having renewed its historical maximum. The growth of LUNA is accompanied by a surge in trading volumes.

The market capitalization of the asset currently exceeds $38 billion. As the token grows, the total TVL of the Terra ecosystem has surpassed $29 billion.

The price of LUNA is rising driven by active purchases of Bitcoin by non-profit organization Luna Foundation Guard (LFG) to ensure the stability of the algorithmic stablecoin UST.

Analysts at Arcane Research have concluded maintaining the current pace, LFG reserves will exceed 48,000 BTC in April.

The company experts have seen the activity of the organization as a market growth driver.