Crypto Terra (LUNA): Today’s news and analysis, will LUNA survive the current chaos?





Its original cryptocurrency is LUNA, it allows you to buy your stack coins. Terra issues stack coins whose values ​​are stabilized by dedicated algorithms.

Terra Price (LUNA): what is the current price?

Here is the live course of LUNA.

LUNAUSD Price by TradingView

Today’s news from LUNA pr. 18.05.2022:

It’s the week after for holders of LUNA cryptocurrency. An infernal spiral that began on May 9 with TerraUSD’s loss of parity with the US dollar, and which resulted in the ruin of several LUNA and UST holders. However, this is not a deterrent for Do Kwon, the founder of the Terra blockchain.

1 / Terra is more than $ UST

On Monday, the latter announced a proposal for the reconstruction of the blockchain, and this project will be put to a vote in the community on Wednesday. He detailed his solutions in a long Twitter thread with reference to a “fork” or one new blockchain without UST. The first, already existing, would bear the name “Terra Classic”, while the new one will retain the official name Terra.

According to Wallet Investor, LUNA remains after all a large long-term investment “, With a price forecast of more than $ 72 within a year, against less than $ 0.0002 at the moment!

Mid-Term LUNA Price Prediction : Following the collapse of Terra’s ecosystem, LUNA fell to record lows of around $ 0.1. Terra CEO has indicated that TerraUSD (USDT) peg will be restored. If that happens, LUNA could go back to $ 1 pretty quickly based on speculation.
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Long-term LUNA price forecast: it is currently difficult to predict the future of LUNA. In case of reinvestment or redemption of the project, the cryptocurrency may rise from its ashes, otherwise LUNA would still have to add zeros after the comma before it falls into oblivion.

Our overall opinion on crypto (LUNA ) for 2022

  • LUNA Mirror Mag Global Rating: 5/10

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Opinion on the project

Terra’s ecosystem and its algorithms showed their limits after the collapse of UST. The concept of an algorithmic stablecoin in itself lost a lot of credibility after the UST crash.

Price volatility announcement

LUNA experienced high volatility in 2021 before suddenly collapsing in 2022.

Conclusion – should you invest in crypto Terra? Where and how to buy it?

Conclusion on our Terra review

We can consider Terra and the concept of algorithmic stack coins as an experiment that was originally successful before it collapsed.

Buy Terra (LUNA) to shop

To trade with this cryptocurrency, the eToro broker is the most suitable. In addition to buying tokens, this platform allows you to trade short-term crypto-CFDs without having to hold tokens.

  • Step 1 : use the search bar on the eToro platform to find the cryptocurrency.
  • Step 2 : then click “Invest” to enter the amount of cryptocurrency to buy and validate the transaction.

Read this article to find out how to buy cryptocurrency on eToro.

68% of retail investor accounts lose money when trading CFDs with this provider. You need to ask yourself if you can afford to take the high risk of losing your money.

Buy Terra to invest

To invest in this cryptocurrency by holding them in a wallet, go to the Binance platform.

  • Step 1 : go to the “Buy Cryptos” tab and then select the payment method of your choice.
  • Step 2 : select the crypto you want to buy and proceed to secure payment. Thereafter, the cryptocurrencies will be credited to the dedicated wallet.

Read this article to find out how to buy cryptocurrency at Binance.

Useful resources to invest in Terra (LUNA)

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