What is Terra Luna? Coin prices!!!

The cryptocurrency market has exploded over the past year, and many new cryptocurrencies have been introduced recently. cryptocurrency called terra lun ahas recently become popular in the crypto markets

What is Terra Luna?

As per their website and whitepaper, Terra Luna was formed in January 2018 by the founding members - Daniel Shin and Do Kwon. They wanted to develop a new 'intelligent currency' that could adjust to today's flexible financial markets. Terra Luna is a decentralised finance blockchain protocol that aims to provide users with long term crypto assets that are flexible to the needs of the market.

As per Ripple Coin News, Terra uses a price stabilisation algorithm that constantly changes the supply of an asset in relation to the demand to keep the prices stable. Terra uses this on their TerraUSD coin, which is a stable coin pegged to the value of a dollar. LUNA, the native coin of the Terra Luna network is used to make a transaction on the Terra Luna network and traded as a cryptocurrency. LUNA has seen significant gains in 2021. At the beginning of 2021, the Terra price stood at around $0.65 dollars in January. At the time of writing this article, the price of Terra has jumped up to $10.74, about a 2000 per cent rise in price.

While crypto price predictions can be difficult, many crypto experts have given their take on Luna' future prices. As per 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 that the price of Luna could reach up to $35 by the end of 2021. However, these price predictions should be taken with a grain of salt, especially given the recent crypto crash, which only goes to show that crypto markets are highly unstable.
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