Even the Bitcoin crash couldn’t stop Luna from hitting new record highs
The price of LUNA, the native cryptocurrency of the payments-focused Terra blockchain network, hit a new all-time high of $ 77.16 earlier today.
The cryptocurrency has climbed to 9th spot on CoinMarketCap, surpassing Polkadot.
It has risen 35% in the past 24 hours alone, extending its bullish streak.
The token’s market capitalization has now swelled to $30 billion, which puts it right below Ripple-affiliated XRP.
LUNA’s record price spike came amid a massive stock market crash that sent shockwaves through the industry.
On Dec. 4, Bitcoin, the largest cryptocurrency by market cap, crashed by an eye-popping 21%, sending the vast majority of major altcoins sharply lower.
However, Ether significantly outperformed Bitcoin, with the ETH / BTC pair hitting 0.855 BTC, its highest level since May 2018.
Bitcoin’s market share has now slipped below the psychologically important 40% level.
