Updated: May 18
Terra (LUNA) reached a new all-time high of over $45 amid the launch of ‘Project Dawn’ and the upcoming Columbus-5 mainnet upgrade. LUNA, a blockchain protocol that concentrates on global payment methods powered by UST stablecoin, hit a new all-time high.
Terra's started in January 2018 but its mainnet was launched in April 2019. Moreover, Terra (LUNA) produced stablecoins tightened to the U.S. Dollar, South Korean Won, Mongolian Tugrik, and the International Monetary Fund's (IMF) basket of currencies by September 2020.
According to data, since the $5.61 dip in mid-July, the price of LUNA is 720% higher and hit $45 on September 10, 2021. In addition, its MACD reveals a bullish signal, showing the evolution of an upward trend.
What is more, the wave in price came after the team announced the ‘Project Dawn’. Besides, the project is a funding initiative for the Terra network to help enhance critical foundation. Also, it will accelerate the extension of the ecosystem.
The team also added that its Columbus-5 mainet upgrade is going live on September 29. A Twitter post explained the project Columbus-5 as follows,