Terra Luna price forecast; Experts believe Terra Luna has a bullish future

The recent crash of the crypto market on May 19th will be remembered as one of the steepest market crashes in the history of crypto markets. Bitcoin, the most famous cryptocurrency in the world, lost its value by over 40 percent within 24 hours, according to Coin Market Cap. Most other cryptocurrencies also saw a sharp drop in prices. However, the crypto markets recovered quite quickly. One crypto named Terra Luna (LUNA) in particular showed promising returns after the crash. In this article we will look at the Terra Luna cryptocurrency and the Terra Luna price prediction.

What is Terra Luna?

According to their website and whitepaper, Terra Luna was founded in January 2018 by founding members Daniel Shin and Do Kwon. They wanted to develop a new “smart currency” that could adapt to today’s flexible financial markets. Terra Luna is a decentralized blockchain protocol for finance that aims to provide users with long-term crypto assets that are flexibly tailored to the needs of the market.

According to Ripple Coin News, Terra uses a price stabilization algorithm that constantly changes the supply of an asset in relation to demand in order to keep prices stable. Terra uses this for its TerraUSD coin, which is a stable coin tied to the value of a dollar. LUNA, the native coin of the Terra Luna network, is used for a transaction on the Terra Luna network and is traded as a cryptocurrency. LUNA saw significant growth in 2021. At the beginning of 2021, the Terra price was around $ 0.65 in January. At the time of this writing, the price of Terra has increased to $ 10.74, which is about a 2000 percent increase in price.

Terra Luna price prediction

While crypto price predictions can be tricky, many crypto experts have assessed Luna’s future prices. According to Ripple Coin News, Terra Luna could reach a price of more than $ 25 by the end of 2021. They also predict that the price of Luna could reach $ 40 by the end of 2022. Wallet Investor Predicts Luna’s Price Could Go Up However, these price predictions should be made with a grain of salt, especially given the recent crypto crash which only shows that crypto markets are very unstable.

DISCLAIMER: The information provided on this website is for educational and entertainment purposes. The information provided on these websites does not constitute investment, financial or trading advice. Republic World does not recommend the purchase of any cryptocurrency. Crypto markets are very volatile and crypto investments are risky. Readers should do their own research on cryptocurrencies and consult their financial advisor before making any crypto investments.

PICTURE: TERRA LUNA WEBSITE

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