Terraform Labs launched Terra 2.0 blockchain. It reached a peak of almost $20 before losing 73% of its value within the next day. It’s currently trading at around $6 and has been relatively flat over the past 24 hours.
This guide will cover everything you need to know regarding the LUNA coin and network, as well as where and how to buy LUNA if desired.
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What is LUNA?
Terra (LUNA) is a public blockchain protocol derived from what’s now known as Terra Classic, the cryptocurrency associated with the algorithmic stablecoin TerraUSD (UST).
The original LUNA crashed on May 20, 2022. It is practically worthless. Terraform Labs, the creators of Terra, developed a new blockchain and thus the new LUNA. Terraform Labs is the creators of Terra. The Terra blockchain has no connection to the UST stablecoin.
It hopes to grow with the help from the LUNA Community and build on Terra Classic’s world-class user interface, which propelled Terra Classic to the number 10 most valuable coins by market value and second place in TVL at their peak.
Should I purchase LUNA today
If your timing is right, LUNA could be worth your investment. It is difficult to know this in advance. You should consider your risk tolerance before making any investment decision. Don’t take any price predictions at face value.
LUNA price prediction
Given the recent launch of this token, there are no price predictions.
Crowd Wisdom quotes Peter Loter, who tweeted that LUNA was in a triangular structure, which is a neutral indicator. This trend is likely to continue in the case of a bull rush.
LUNA on Social Media
$LUNA2.0 is available now!
— Guarda (@GuardaWallet) May 28, 2022