Terra’s native token Luna is the biggest gainer in the top 20 coins by market cap today. This has been true for it for a few weeks now.
Look no further than this short article to get the details on Terra, such as if it’s worth buying, and the best places to buy Terra now.
Top places to buy Terra now
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team's years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.
What is Terra?
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. It claims to combine the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies.
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.
The LUNA token and UST are mutually dependent, as the success of the Terra ecosystem is a function of the adoption of UST as a stablecoin.
LUNA backs UST and is burned when demand for UST rises. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. The value of LUNA can also decrease if UST is perceived as unstable.
Should I buy Terra 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.
Terra price prediction
Wallet Investor expects a long-term increase. Their price prediction for March 2027 is $532.41. A five year investment will generate earnings of around 472%. If you invest $100 in Terra now, it may be up to $572 in 2027.
Terra on social media
#LUNA gives us a clear market structure, and a bounce from the supply zone to $86-$90 to create the next Higher Low can be the next move. If we see the retest of these Fibonacci levels, the targets will be $106, $120, and $130. pic.twitter.com/0ixbZxYIuh
— Bitcoinsensus (@Bitcoinsensus) March 11, 2022