Today ı will tell you something Terra Luna and ı will do some analysis with Terra price.First of all ı will explain what is Terra? It is a blockchain network specialized in the development of stablecoins.It was founded in January 2018 by Daniel Shin and Do Kwon.Mainnet officially launched in April 2019.
Terra's native token luna is used to stabilize the price of the fixed-value cryptocurrencies of the protocol. Terra has established many partnerships with payment platforms, especially in the asia region. Shortly, Terra Luna is one of the cryptocurrencies similar to tether and usd. Terra has a supply of 1 billion. if If this number is exceeded, Terra Luna is burned until the supply drops to the equilibrium level. The new Luna tokens are generated through the protocol's algorithm to protect the value of terra fixed-value cryptocurrencies.
Lets continue with some analysis for Terra Luna. I will give some informations markets of Luna. These are just my thoughts. None of them is not financial advise.Today is the uptrend continues as the coin has increased by 1.16% in the last 24 hours. It also tested the $95 level once again to break the $100 level. On the 21st of the month, it reached to the level of $ 97. Luna's market volume has increased by 0.72% in the last 24 hours.Fully Diluted Market Cap increased 1.07%. The trading volume, on the other hand, fell by 37.66%. Market dominance was 1.61%. Terra's daily value saw a low of $89.40 and a high of $92.04.
In 22 march, there was a new with Terra Luna is that Sensei Algod predicts a price of $88 for Terra's token LUNA by March 14, 2023. He even made a $1 million bet on this goal. Algod's proposal was quickly embraced by Do Kwon, CEO and founder of Terraform Labs, the firm behind Terra, claiming the same amount that the cryptocurrency would definitely be trading at a higher price point of $88 by then. He added that they will continue to develop Terra regardless of the price of . In my opinion, such news is only to increase the popularity of Luna, so Terra Luna will continue to rise. These sentences are not financial advise.
What do you think Terra will go to moon or deep ? Lets argue together. I think Terra will be more than this price in future. Their project is very good and has amazing potential. It can be rival to Ethereum as soons as possible. I am hodling Luna and ı wont sell easily. These are all of my opinions. I am repeating again these are not financial advise. I did my own analysis can be something wrong because ı am not professional analyzer sorry for that. Keep that note Do Your Own Research.Thanks for reading my articles and following me. Best regards...
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