The five-year terra prediction for LUNA/USD indicated that it could reach $505.83 in February 2027 . LUNA price prediction from Digital Coin suggested the average price in 2022 could be $68.81, moving up to $80.46 in 2023, $107.44 in 2025 and $243.43 in 2030.
Read moreIs Terra Luna decentralized?
LUNA has grown to a 15% weight in the MVIS CryptoCompare Smart Contract Leaders Index, which we find notable given our asset allocation framework and the fact that Terra is the only decentralized stablecoin platform among the layer 1 chains .
Read moreIs Terra Luna sustainable?
It’s the largest holder of UST (with above 50% of the total supply) and without its attractive APY, Luna won’t hold on its own at the current price. The huge interest rate offered isn’t sustainable in a bear market or during significant crashes .8 Oca 2022
Read moreWho is the founder of Terra Luna?
Do Kwon . Kwon cofounded Terra to use blockchain technology to develop a more efficient payment system. Its eponymous price-stable cryptocurrency, or stablecoin, attracted 40 million users to work with the company at launch in January 2018.
Read moreWhat is Terra USD backed by?
(It has others pegged to different world currencies.) It maintains its peg to the U.S. dollar through a network of arbitrageurs , who buy and sell Terra’s volatile cryptocurrency, LUNA (also, confusingly, known as Terra), which is the seventh-largest cryptocurrency as of March 2022.
Read moreWhy is Luna Terra good?
Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies . It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand.
Read moreHow does Terra Luna make money?
Who made LUNA Coin? LUNA is the native token of Terra, a blockchain developed by the Korean firm Terraform Labs. A total of $32m was raised to fund this development through the private sale of LUNA Coin . Investments came from centralised sources including Binance, Huobi, and OKEx.
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