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Terra avoids Ukraine concerns rallying 18% in three days — Can LUNA price reach $200 next?

Published 02/23/2022, 08:36 AM
Updated 02/23/2022, 01:40 PM

Terra (LUNA) has fared better than its top crypto rivals when it comes to withstanding the negative market impacts of the ongoing Ukraine-Russia conflict.

LUNA's price rallied nearly 18% this week to over $58, more than Bitcoin (BTC), whose returns in the same period came out to be a little over 1.5%. Similarly, the Terra token did better than its rival Ether (ETH), which is up around 4% this week.

Top ten assets and their performances across multiple timeframes. Source: Messari
UST economic structure explained. Source: Murray Rudd
UST supply vs. LUNA price. Source: Messari, Terra Analytics
LUNA/USD weekly price chart featuring its correlation coefficient with BTC/USD. Source: TradingView

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