Terra has become a controversial blockchain project after the collapse of its native token LUNA and stablecoin TerraUSD (UST) in May. But its recent gains are hard to ignore for cryptocurrency traders.
LUNA rising from the dead?
After crashing to nearly zero in May, LUNA is now trading for around $6, a whopping 17,559,000% price rally in less than four months when measured from its lowest level.
Meanwhile, LUNA's performance in September is particularly interesting, given it has rallied by more than 300% month-to-date after a long period of sideways consolidation.
Terra ecosystem in September
It is vital to note that LUNA also trades with the ticker LUNA2 across multiple exchanges.
In detail, Terraform Labs, the firm behind the Terra project, divided the old chain into Terra Classic (LUNC) and Terra LUNA 2.0 (LUNA/LUNA2).
Related: Do Kwon reportedly hires lawyers in S. Korea to prepare for Terra investigation
Terra Classic is the original version of the Terra blockchain, while Terra...
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