The live Terra price today is $86.55 with a 24-hour trading volume of $2.8 billion. Terra is down 6.31% in the last 24 hours. If you want to know whether you should buy Terra now, you’ve come to the right place.
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What is Terra?
Terra is an open-source blockchain platform for algorithmic stablecoins pegged to traditional fiat. The platform allows users to trade Terra stablecoins easily and quickly. According to the official whitepaper, Terra’s price is stable and its token is driven by growth. This view comes from the fact that Luna combines the best features of fiat currencies and Bitcoin (BTC).
Terra's native token, Luna, was made for mining and governance. It is used to pay network fees, issue stablecoins, and take part in governance votes. It is a versatile token in the network that has played a critical role in the growth of the Terra platform.
Should I buy Terra today?
LUNA is a volatile asset that can undergo sudden and unexpected price swings in either direction. Be extremely cautious when investing in this and any other cryptocurrency.
Terra price prediction
Wallet Investor is very bullish on Terra. Based on their forecasts, a long-term increase is expected. They predict Luna will trade for $651 in 2026. A 5-year investment would thus yield revenue of 653%. If you put $100 in Luna now, it will be worth $753 in 2026.
Terra on social media
— Sergio’s trading journal (@SergioJournal) December 28, 2021