Volatility to crypto traders is nothing new, and the turbulence for the Terra (LUNA) ecosystem and its subsequent relaunch as LUNA 2.0 in the last couple of months has not been favorable. Despite the recent scandals, LUNA has managed to recover some of its value in the last seven days gaining over 30%.
Over the past 24 hours, LUNA has once again reclaimed the lead as the most trending crypto, according to CoinMarketCap data.
Indeed, LUNA is the most searched on the CoinMarketCap platform out of all the cryptocurrencies as of August 2, followed by PancakeSwap (CAKE) and Terra Classic (LUNC), the original chain of the collapsed Terra ecosystem, in the third spot.
Despite trending, the price of the cryptocurrency has seen a drop of 15.46% in the last 24 hours, trading at $2.14 at the time of publication.
Still hope for LUNA
It’s worth mentioning that the Terra ecosystem had shown signs of life and recovered somewhat from the crisis when its algorithmic stablecoin became unpegged from...
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