This week, Terra became the second-biggest blockchain after Ethereum by total value locked, surpassing Binance Smart Chain. The price of LUNA has been increasing correspondingly. This short article has everything you need to know about Luna, including where to buy Luna.
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What is Luna?
Luna is the token of Terra, a blockchain protocol that powers price stable systems for international payments using stablecoins. Terra combines mainstream adoption of fiat and price stability with Bitcoin’s censorship resistance, guaranteeing quick and low-cost settlements. Since September of this year, Terra has been offering stablecoins pegged 1:1 to the U.S. dollar and a few other fiat currencies.
Terra uses Luna to stabilize the price of its stablecoins. Holders of the token can vote on and submit governance proposals. This lends it the status of a governance token.
Should I buy Luna today?
Luna can be a good investment if you’re making an informed decision. Read price analyses and predictions before making a commitment that will affect your finances.
Luna price prediction
The market cap of Terra is currently $2.8 billion greater than that of Dogecoin, which is why price forecasts for Terra are improving. CoinTelegraph predicts it will hit $100 in the immediate future. According to analyst Yashu Gola, Terra is on a consistently bullish trajectory.
Digitalcoin predicts that in 2026, Luna will trade for $238. This prediction is based on historical data and the platform’s proprietary algorithm.
Luna on social media
#luna is one of the best performers recently and approaching my first target around $89 since my July long below $8-9 area.#luna can pullback from this level, but I still believe it will hit $160 later early next year.
— Brain2jene💫 (@brain2jene) December 20, 2021