Its native cryptocurrency is the LUNA, it allows you to buy your stablecoins. Terra issues stablecoins whose values are stabilized by dedicated algorithms.
Terra Price (LUNA): what is the current price?
Here is the live course of the LUNA.
LUNAUSD Price by TradingView
Today’s news from LUNA as of 05/18/2022:
It’s the week after for holders of the LUNA cryptocurrency. An infernal spiral that began on May 9 with TerraUSD’s loss of parity with the US dollar and which resulted in the ruin of several LUNA and UST holders. However, there is no question of being discouraged for Do Kwon, founder of the Terra blockchain.
On Monday, the latter announced a proposal for the reconstruction of the blockchain and this project will be submitted to the vote of the community on Wednesday. He detailed his solutions in a long Twitter thread, referring to a “fork” or a new blockchain without the UST. The first, already existing, would bear the name of “Terra Classic”, while the new one will keep the official name Terra.
According to Wallet Investor, LUNA remains despite everything a great long-term investment “, with a price forecast at more than $72 within a year, against less than $0.0002 currently!
Mid-Term LUNA Price Prediction : Following the collapse of Terra’s ecosystem, LUNA fell to all-time lows at around $0.1. Terra CEO has hinted that the TerraUSD (USDT) peg will be restored. If that happens, the LUNA could go back to $1 fairly quickly on the back of speculation.
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Long term LUNA price prediction: it is currently difficult to predict the future of LUNA. In the event of reinvestment or redemption of the project, the cryptocurrency could rise from its ashes, otherwise the LUNA would still have to add zeros after the comma before falling into oblivion.
Our overall opinion on crypto (LUNA ) for 2022
- LUNA Mirror Mag Global Rating: 5/10
68% of retail investor accounts lose money when trading CFDs with this provider. You need to ask yourself if you can afford to take the high risk of losing your money.
Opinion on the project
Terra’s ecosystem and its algorithms showed their limits following the collapse of the UST. The concept of an algorithmic stablecoin itself lost a lot of credibility after the UST crash.
Price Volatility Notice
The LUNA experienced high volatility in 2021 before suddenly collapsing in 2022.
Conclusion – should you invest in crypto Terra? Where and how to buy it?
Conclusion of our Terra review
We can consider Terra and the concept of algorithmic stablecoins as an experiment that was initially successful before collapsing.
Buy Terra (LUNA) to trade
To trade this cryptocurrency, the eToro broker is the most suitable. In addition to buying the tokens, this platform allows you to trade short-term crypto CFDs without having to hold the tokens.
- Step 1 : use the search bar of the eToro platform to find the cryptocurrency.
- 2nd step : then click on “Invest” to give the amount of cryptocurrency to buy and validate the transaction.
Read This article to find out how to buy cryptocurrency on eToro.
68% of retail investor accounts lose money when trading CFDs with this provider. You need to ask yourself if you can afford to take the high risk of losing your money.
Buy Terra to invest
To invest in this cryptocurrency by holding them in a wallet, go to the Binance platform.
- Step 1 : go to the “Buy cryptos” tab then choose the payment method of your choice.
- 2nd step : select the crypto to buy and proceed to secure payment. Then, the cryptocurrencies will be credited to the dedicated wallet.
Read This article to find out how to buy cryptocurrency on Binance.
Useful resources for investing in Terra (LUNA)
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Alm Maye has been a trader and analyst since 2013. He is an expert in equity markets, Forex and cryptocurrencies. He is the creator of Almvest.com and Imveste.com, two sites dedicated to personal finance. He participates in the development of feature articles on specialized sites such as Actions-boursieres.fr, as well as the international network of Finixio.com.