A partial lunar eclipse in Brasilia, Brazil, July 16, 2019. Ueslei Marcelino/ReutersUeslei Marcelino/Reuters Terraform Labs' luna has taken the spot as the 10th largest cryptocurrency by market cap. It's now worth $25 billion, compared with bitcoin's near trillion-dollar valuation. The token has surged as DeFi traders look for a cheaper, faster alternative to ethereum. Terraform Labs' luna has soared into the top 10 cryptocurrencies by market capitalization — beating out the popular dogecoin, avalanche, and shiba inu coin.Even though the coin slumped about 6% Monday amid a broad crypto selloff, it still showed an approximate 25% gain in the last seven days — giving it a market cap of about $25 billion, according to CoinMarketCap data. That valuation is still far off from the top cryptocurrency, bitcoin.
Comment on Luna is now the 10th largest cryptocurrency, soaring past dogecoin, avalanche, and shiba inu
ndailey@insider.com (Natasha Dailey), Business Insider
Mon, 12/06/2021 - 11:13am
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