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Terra LUNA is recovering

 


Terra's LUNA token was not spared the aftermath of the recent crypto bloodbath. However, it is one of the few top 10 coins that is starting to recover. Today it gained 1.49%. If you want to know more about LUNA, such as whether it is worth investing in LUNA, you will find out in this article.

What is LUNA?

Terra is a blockchain protocol that uses stablecoins linked to fiat to operate price-stable global payment systems. Terra combines the price stability and wide acceptance of fiat currencies with the censorship resistance of Bitcoin (BTC) and offers fast and affordable billing.

Development on Terra began in January 2018 and its mainnet was officially launched in April 2019. From September 2021, it will offer stablecoins pegged to the USD, South Korean won, Mongolian tugrik and the International Monetary Fund's special drawing rights basket.

Terra's native token LUNA is used to stabilize the price of the protocol's stablecoins. LUNA holders can also submit governance proposals and vote on what gives them the functionality of a governance token.

Should I buy LUNA today?

LUNA can be an excellent investment, but it could also reverse your profits. Cryptocurrencies are prone to extreme price fluctuations in both directions. Take all investment advice and price predictions with caution.

LUNA price forecast

The LUNA / USD chart is one of the most bullish on the cryptocurrency market, wrote FX Empire. Wallet Investor predicts the price of LUNA will rise to $ 200 by the end of 2023.

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