LUNA has enjoyed a standout performance this week. It gained another 21% today, bringing its weekly surge to just under 80%. It is surging on news of an FTX listing, slated for today.
If you are attracted to unique features and want to learn how and where to buy LUNA, this guide is for you.
Top places to buy LUNA now
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KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
What is LUNA?
LUNA is the native token of Terra, a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. It bills itself as combining the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC).
Against the background of global conflict, investors have found Terra a haven of stability. LUNA is used to stabilize the price of the protocol's stablecoins. Terra seeks to set itself apart through fiat-pegged stablecoins.
It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates to either expand or contract the stablecoin supply to match demand.
Should I buy LUNA today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
LUNA price prediction
Wallet Investor expects a long-term increase. They predict 1 LUNA will trade for $478 in March 2027. A 5-year investment will bring revenue of around +434%. If you put $100 into LUNA now, you could have $534 in 2027.
LUNA on social media
— InvestAnswers (@invest_answers) February 26, 2022