Will Terra recover? Expert analysis, price prediction, and where to buy Terra

Will Terra recover? Expert analysis, price prediction, and where to buy Terra
фото показано с : coinjournal.net

2022-5-16 09:31

The price of Terra’s token LUNA was as $100 per 1 LUNA in April, but it crashed to near zero last week. TerraUSD (UST), Terra’s algorithmic stablecoin, lost its peg to the US dollar. 

This occurred against the backdrop of a significant crypto market decline, which sent Bitcoin’s price down by over 20%.

Now that Terra has lost 99% of its value, is there any hope for recovery? Its founders are making an effort to get it back up and running, which you’ll read about below. 

If you are attracted to unique features and want to learn how and where to buy Terra, this guide is for you. 

Top places to buy Terra now Bitpanda

BitPanda is a Bitcoin broker based in Austria. It offers a wide range of payment methods and has good prices.

Buy LUNA with Bitpanda today

Celsius

Celsius is proud to provide a platform of curated services that have been abandoned by big banks – things like fair interest, zero fees, and lightning quick transactions. Our goal is to disrupt the financial industry, one happy user at a time, and introduce financial freedom through crypto.

Buy LUNA with Celsius today

What is Terra?

Terra Luna is a crypto project created by Terraform Labs, a tech company based in Singapore. Its purpose was to generate crypto adoption by building a set of algorithmic decentralised stablecoins required to carry out DeFi transactions. 

Terra reanimation action plan 

Terra’s founder Do Kwon has a plan to reanimate the coin. The first part of the plan involves a huge burn of the stablecoin TerraUSD (UST-USD) to bring it back to $1.

They plan to burn more than 371 million UST on the Ethereum Mainnet and any UST left in the Terra community pool. 

The second part is to stake 240 million LUNA tokens to stop whales from seizing control and to stabilize network governance. 

In addition, developers halted the Terra blockchain and suspended all pending transactions. This was to keep people from buying up LUNA at its extremely low price.

Should I buy Terra today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose. 

Terra price prediction

Many investors have become pessimistic about Terra’s prospects. According to the Motley Fool, it’s best to steer clear of the project despite the token’s low price.

Digital Coin Price and Coin Price Forecast see little hope for LUNA, forecasting an end-of-year price of below 1 cent resp. 6 cents.

However, other experts beg to differ. Investing Cube believes it is possible for LUNA to recover. If the stablecoin goes back to $1 again, LUNA will start gaining. 

Wallet Investor has not adjusted its bullish prediction for LUNA from before the crash. They predict 1 LUNA will trade for $151 in May 2023. Finally, Gov Capital anticipates LUNA to be worth $108 a year from now. 

Terra on social media

$1,000,000 invested in $LUNA last week would be worth $3 today. pic.twitter.com/PYaOwuPgJ5

— Watcher.Guru (@WatcherGuru) May 15, 2022

The post Will Terra recover? Expert analysis, price prediction, and where to buy Terra appeared first on Coin Journal.

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Terra KRW (KRT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.000912 (-100%)

terra price luna buy recover analysis prediction

Источник: coinjournal.net

terra price → Результатов: 126


Terra (LUNA) Price Prediction 2022 – 2025 -2030 | LUNA Price Forecast

What is Terra? Terra is a blockchain protocol that aims for price-stability and growth by combining and utilizing different aspects of fiat-pegged stablecoins and cryptocurrencies. It uses an elastic monetary policy to solve stability problems (which is enabled by mining incentives), and efficient fiscal policies and incentives to drive adoption.

2021-10-5 23:56


Фото:

Terra (LUNA) price analysis for March

Bitcoin (BTC) price is leading the crypto market lower on rumours that India is considering a crypto ban. Fundamental analysis: A possible crypto ban in India sends crypto market lower After hitting a new all-time high of more than $60,000, Bitcoin dropped below $55,000 with one of the possible reasons behind this move lower are […] The post Terra (LUNA) price analysis for March appeared first on Invezz.

2021-3-17 13:37


Фото:

Terra (LUNA) price skyrockets to a new all-time high

Terra (LUNA) has surged to new all-time highs as its price passed the $10 mark. Is this the end of its bull run, or does LUNA have more space to go? And more importantly, should you consider investing in LUNA now? Fundamental analysis: Terra’s price increases as a result of investor interest Terra is a […] The post Terra (LUNA) price skyrockets to a new all-time high appeared first on Invezz.

2021-3-10 22:24


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