Crypto Terra (LUNA): News and Analysis of the Day, Will LUNA Survive the Current Chaos?





The native cryptocurrency is the LUNA, which allows you to buy your stablecoins. Terra issues stablecoins whose values ​​are stabilized by special algorithms.

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

Here is the live course from the LUNA.

LUNAUSD Price by TradingView

Today’s news from LUNA from 18-05-2022:

It’s the week after for holders of the LUNA cryptocurrency. An infernal spiral that began on May 9 with the loss of TerraUSD parity with the US dollar and resulted in the demise of several LUNA and UST holders† However, there is no question of discouragement for Do Kwon, founder of the Terra blockchain.

1/ Terra is more than $UST

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

According to Wallet Investor, LUNA stays despite everything a great long term investment “, with a price forecast of over $72 within a year, down from less than $0.0002 currently!

Medium Term LUNA Price Forecast : Following the collapse of Terra’s ecosystem, LUNA plunged to an all-time low at about $0.1. Terra CEO has hinted that the TerraUSD (USDT) peg will be restored. If that happens, speculation-based LUNA could move back to $1 pretty soon.

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 could rise from its ashes, otherwise the LUNA would still have to add zeros after the decimal point before falling into obscurity.

Our overall opinion on cryptoLUNA before 2022

  • LUNA Mirror Mag Global Rating: 5/10

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.

Opinion about the project

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

Price Volatility Notice

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

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

Conclusion of our Terra review

We can think of Terra and the concept of algorithmic stablecoins as an experiment that was initially successful before it collapsed.

Buy Terra (LUNA) to trade

To trade this cryptocurrency, the eToro broker is best suited. In addition to buying tokens, this platform allows you to trade crypto CFDs in the short term without having to hold onto the tokens.

  • Step 1 : Use the search bar of the eToro platform to find the cryptocurrency.
  • 2nd step : 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 it in a wallet, go to the Binance platform.

  • Step 1 : Go to the “Buy cryptos” tab and then choose the payment method of your choice.
  • 2nd step : Select the crypto you want to buy and proceed with the secure payment. Then the cryptocurrencies are credited to the special wallet.

Read This article to find out how to buy cryptocurrency on Binance.

Useful Resources to Invest in Terra (LUNA)

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