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DOMAINS TOKEN-G

Ronald Maguire

28 April 2022 278 Read Crypto , Altcoins

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LUNA Supply at All-Time Low

LUNA coins are being burned to meet the demand for Terra's UST stablecoin. As LUNA coins are burned and USTs are minted, the supply decreases. The Terra network's native coin LUNA, is at the lowest supply level in its history. This is actually an indicator of the demand for the Terra blockchain.

Low Supply Boosts Coin Price

The LUNA's reduced supply helped boost its price. LUNA hit an all-time high of $119 23 days ago. If Terra continues to progress in the stablecoin industry, the success of the LUNA coin may continue.

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