Terra (LUNA) has been on a very sharp rise since February 20. Many analysts believe it is just a matter of time before it breaks its all-time high of $103.33. It was trading for around $98 at the time of writing.
LUNA was listed on Wirex two days ago, contributing to its surge. This article has everything you need to know about LUNA, including if it’s worth buying and the best places to buy LUNA now.
Top places to buy LUNA now
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What is LUNA?
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. It combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin and offers fast and affordable settlements.
Terra is most likely surging because of the perceived stability it offers in our troubled day and age. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand.
How does this work? LUNA holders are incentivized to swap LUNA and stablecoins at profitable exchange rates, as needed, to expand or contract the stablecoin supply to match demand.
Should I buy LUNA today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.
LUNA price prediction
GOV Capital predicts LUNA will be worth $163.44 in one year and $853.63 in 5 years.
LUNA on social media
Congrats Killers who TAILED our FP #Luna SIGNAL last night….🐖💸💸💸💸💸💸💸💸💸💸💸💸
— 8,731-541🎯 (94.1%) / #1 CRYPTO SIGNALS🌎/ DM OPEN (@BinanceKiller) March 9, 2022