Jay Hao, CEO, OKX said that the crypto market is witnessing a sudden surge in the demand for stablecoins which is driving the upward trend in Terra prices. “Terra ecosystem has gained a lot of investor attention after the recent launch of Terra based ETFs,” he added.1 Mar 2022
Read moreWhy is Terra going up?
Another major factor due to which Terra might be going up is its burn mechanism . The point of burning LUNA tokens from the community pool was to create scarcity of the asset and boost its price.
Read moreWill Terra keep going up?
According to the latest long-term forecast, Terra price will hit $75 by the end of 2022 and then $100 by the middle of 2023. Terra will rise to $200 within the year of 2025, $250 in 2027 and $300 in 2030 .
Read moreWhy is Luna coin going up?
The LUNA/UST relationship The gains for LUNA are likely thanks to strong demand for sister token TerraUSD (UST) , an algorithmic stablecoin pegged to the U.S. dollar. UST maintains its dollar peg by burning or issuing LUNA tokens.
Read moreHow much is Luna worth in 2022?
LUNA may cross the average price level of $130 in 2022. The projected minimum value of the token’s trading price could be $131.15 by the end of this year. In addition, LUNA might reach a maximum price level of $144.66.14 Mar 2022
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