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Terra's LUNA 2.0 price jumps above $10 after Binance completes airdrop distribution

Terra's LUNA 2.0 price jumps above $10 after Binance completes airdrop distribution
FXStreet TeamFXStreet TeamFXStreet

Terra's LUNA 2.0 price appears to be gaining traction despite the legal investigation launched against Terraform Labs and CEO Do Kwon in South Korea. The token has risen by nearly 23% over the past few hours, overcoming the psychological $10 resistance level.

The sudden upswing appears to be fueled by news that the world's largest cryptocurrency exchange by trading volume, Binance, completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders.

Terra LUNA 2.0 price chart

LUNA 15-min chart

Further buying pressure could help Terra's LUNA 2.0 price make a higher high and advance toward $15. 

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Analysts at FXStreet have evaluated altcoins after the recent rebound in prices, and identified three cryptocurrencies that could double traders’ portfolios. 

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