Terra CEO Chris Amani Increases DeFi Liquidity Plan LUNA, LUNC and USTC Prices
CEO of Traders and Terraform Labs Chris Amani Friday’s post increased the prices of Terra (LUNA), Terra Classic (LUNC), TerraClassic USD (USTC) and other Cosmos-based tokens. Chris Amani predicts that the Terra ecosystem will be the only ecosystem with the deepest stablecoin liquidity in cosmos and sufficient liquidity for decentralized finance (DeFi).
CEO Chris Amani Predicts Terra Ecosystem Revitalization
Terraform Labs CEO Chris Amani shared his prediction on X (formerly Twitter) that the Terra ecosystem will have the deepest stablecoin liquidity in Cosmos. He also added that this will be “the only ecosystem with sufficient liquidity in terms of DeFi for both Cosmos and non-Cosmos blue chip assets.”
After Chris Amani took over as CEO of Terraform Labs, despite many stresses, he announced plans to provide free infrastructure to Cosmos-based chains, including Terra Classic, under the Foundation business model. He claims that “there will be no better ecosystem for DeFi developers in Cosmos.”
The foundation’s business model will be willing to cut major costs by running the infrastructure of all chains on Cosmos. This will be a game changer for Terra ecosystem tokens and will likely bring back the utility and developers.
Also Terra communications manager Zion Shum He said in a recent X domain that he outlined an upcoming governance proposal to whitelist certain LP tokens as Alliance assets.
Read More: terra luna Classic Community Blocks Proposal to Burn 8 Million USTC
Terra (LUNA) prices are up 5% in the last 24 hours and are currently trading at $0.73. The 24-hour low and high are $0.703 and $0.791 respectively.
LUNC price skyrocketed over 10% on the back of an increase in trading volume. The price is currently trading at $0.000127 and the 24-hour high is $0.000142. In addition, the 170% increase in trading volume in the last 24 hours shows that investors’ interest has increased.
Meanwhile, USTC price is trading at $0.0289, up over 5% in the last 24 hours after dropping over 20% in a week. The 24-hour low and high are $0.0271 and $0.0301 respectively.
So read:
✓ Share:
Varinder has 10 years of experience in the Fintech industry and has been dedicated to blockchain, crypto and Web3 development for over 5 years. A tech enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in more than 5,000 news stories, articles, and articles. Varinder believes in the great potential of future innovative technologies with CoinGape Media. He currently covers the latest updates and developments in the crypto industry.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
#Terra #CEO #Chris #Amani #Increases #DeFi #Liquidity #Plan #LUNA #LUNC #USTC #Prices
