LUNA pumps 70% as Layer 1 tokens reap hard

Terra Luna (LUNA) is trading with a bullish bias, featuring among the Layer 1 (L1) tokens that are on a tear as the broader market ushers in what appears to be the beginning of a bull market. Meanwhile, some analysts say late or sidelined buyers, particularly for Bitcoin, could find themselves still sidelined as the king of cryptocurrency rages on. The surge has LUNA testing levels last seen in June, heading into the weekend with a bold thrust. Terra Luna (LUNA) price broke out almost 90% to record an intra-day high of $0.874, before a 5% correction as the altcoin suffered the effects of an overbought asset.

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