The global adoption of cryptocurrencies continues to be high, as the ecosystem has become the most sought-after space by investors. One of the reasons behind this surge is the uprising of various Blockchain projects. Since 2009, various Blockchain projects have continued to spring up, each providing bespoke services to the crypto community. However, with each Blockchain, there is always a native token that provides governance, which is an essential entity in the system. The public demand, price, and outlook of a token can tell the story of a Blockchain project to investors. However, LUNA- the native token of the Terra protocol, is one of the tokens making waves at the moment. The token's performance in the last 12months has been nothing short of remarkable. In this article, we will be looking into LUNA crypto and how profitable holding it can be.

LUNA is the native currency of the Terra Blockchain and a top cryptocurrency in the Blockchain space. Terra is a blockchain protocol that uses stablecoins that are pegged to power price-stable global payments systems. LUNA can pay gas fees and stake in the DPos consensus mechanism supporting validators on the Terra protocol. Founded in January 2018 by Daniel Shin and DoKwon, the project launched its mainnet in April 2019. Terra integrates the censorship-resistance of Bitcoin ad price stability to provide fast and affordable settlements. This means that LUNA is also the governance token of the Terra protocol, and the token gives power to its holders. The current circulating supply of LUNA is 400,848,521 tokens, while its total supply is 818,493,348. 

Asides from LUNA crypto acting as a native token, it also stabilizes the price of Terra's stablecoins. Terra is unique because it combines the advantages of cryptocurrencies with the price stability of fiat currencies like USD. Currently the second-largest Defi protocol with $18 billion in total value locked, Terra is unlikely to fail. However, like every native token, LUNA holders receive governance rights and voting power on the Terra protocol.

The success of Terra in the last 12months was very strong. The Blockchain protocol has become crucial to its users and the general crypto community. It is worthy to say that this success has not eluded LUNA, which has seen its value rise in the same period. According to data from Coinmarketcap, LUNA is now the 9th largest cryptocurrency in the market.

The cryptocurrency has risen by 10,000% in the last 18 months, and its market cap stands at a staggering $40,149,702,951.09. Trading volumes have also not been left behind, as the surge has hit every part of the protocol. This meteoric rise of LUNA is applaudable, considering that the token was struggling 24months ago. The token is currently trading at $49, a figure that represents more than a 13,000% gain in 2021.

The projects earmarked by Terra for 2022 should see the price of LUNA move further upward this year. Surprisingly, should LUNA experience the same price rally of 2021, the token will break into the top five cryptocurrencies. Crypto analysts believe that investors looking for long-term rewards should also consider spending money on LUNA. However, with Terra's offerings of competitive programmable payments, logistics, and futuristic infrastructure, LUNA is worth investing in.

It is worth noting that due to the success of 2021, Luna lists in over 50 exchanges globally. The token can also be purchased via peer-to-peer transactions amidst a surge in demand. However, the steps below will guide you on buying LUNA on the popular crypto exchange - Binance.

Firstly, you will be expected to log in to your Binance account or signup if you do not have an account or wallet. Signing up on an exchange is usually straightforward, and you should be done in a few minutes after providing KYC details. Most of the information is very important to prevent future theft or hacks of information and funds.

After login into the Binance app, you would head to the classic or advanced exchange view. This is usually found under the trade tab on the homepage. On the search bar found on the left side of the app, you will type LUNA in there. After searching for LUNA, all the available pairing of the token, e.g., LUNA/BTC. LUNA/BNB, etc., will pop up. It will be expected at this point that you should have enough resources in your wallet to enable a successful purchase.

After this is shown, you will be expected to make a selection and confirm the amount of the token you want. Immediately hit the Buy LUNA button, and the selected quantity is already in your wallet. After the LUNA is deposited in your wallet, you can decide to HODL, Sell, or even trade.

LUNA is the governance and native token of the Terra Blockchain. The Terra project has been a success since its launch in 2018, and the token has benefitted from this success. The massive price rally of LUNA in 2021 saw it grow more than 10,000%. More is expected in 2022, as crypto analysts believe the token should top crypto investors' lists.

The LUNA price correction lagged compared to the entire crypto market. Despite reaching the first target, prices corrected heavily. However, targets are still set on the horizon. Can LUNA prices correct further lower? Or is the correction already over? Let's analyze in this article the Terra Luna price!

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Terra is a blockchain protocol that used stablecoins to enable price stability in global payment networks. In fact, they claim to combine price stability and fiat currencies by enabling Bitcoin (BTC), thus offering cheap settlements. Volatility was a highly discussed topic in the cryptocurrency realm. It is one of the main reasons that made investors fear owning cryptos. Terra seeks to change that, by using fiat-pegged stablecoins. They would keep a “one stablecoin to one fiat” peg through a proprietary algorithm that automatically adjusts stablecoin supply based on its demand. This is feasible thanks to their token LUNA, which provides liquidity, price stability, and is easily swappable to other stablecoin at profitable exchange rates.

The Terra blockchain managed to garner a lot of attention thanks to its token LUNA that exploded in prices recently. If we zoom out to the daily chart, we can see the astronomical increase in LUNA prices from a mere $0.20 all the way to the current $50, making a +2,450% return over 2 years.

With the current price adjustment, it might be a good idea to place LUNA on your crypto radar.

The Terra Luna course was able to reach the GoldenPocket last week and found buyers directly there. This week got off to a bullish start. If the GoldenPocket holds what we think it will, we expect the Terra Luna price to rally to around $100 in the near future. That's where the next higher level of resistance is. We also don't think it's unlikely that the price will break the $100 resistance to make a new all-time high!

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Terra LUNA price must break the $54 resistance for the price to rally back to $100. We see this move very likely as the price formed an inverted head and shoulders formation. This formation is a trend reversal formation, which causes prices to rise. The neckline lies at $53, as does horizontal resistance. Since this formation has a high chance of success, we assume that it will rise in the near future.

On the other hand, this does not prevent prices to slide a little lower towards $45-$48 as part of a market correction.

There are many exchanges that list LUNA as a tradable token on their platform. When purchasing a cryptocurrency from an exchange, it is always important to pick a reputable one. In fact, we recommend using Binance to buy LUNA, as it’s a very easy way to do so. On that exchange, you can buy, sell or even hold your LUNA tokens. Also, you can send your tokens to your private wallet if need be.

The digital asset space is home to many projects, creating an avenue for users to access new opportunities. For instance, when investors buy into the new projects, which have had a successful run, they would likely record massive gains. One of the biggest coins making many gains is Terra (LUNA). While Luna has faced some controversies, it continues to be one of the best performers in the digital space.

Luna is the native token of Terra, and it has skyrocketed in the past few days. Since the end of last year, the asset has risen to over 20%, according to charts from CoinGecko. This has helped it earn a position amongst the top 10 cryptocurrencies in the digital asset space. It also hit a new high last year, attaining the $103 price range.

While it has slightly dropped from its all-time high, it continues to be one of the hottest assets in the crypto space. This comes as a shock, especially since Luna was around $1 at the beginning of 2021. It has grown exponentially, creating an opportunity for investors to record massive profits.

The coin remains bullish against all odds, especially with Bitcoin's recent fall. However, traders can sell off the asset anytime to secure their gains. Still, market charts show that long traders have been dominant, holding on to the market while others short.

Some experts believe that the coin has been able to recover faster than its peers when it falls and has also leveraged the market's volatility to record high gains within a short period. It's safe to understand an asset before moving to understand it. While Luna continues to grow, potential investors should understand that the cryptocurrency market is highly volatile, meaning that things can change fast.

Terra is currently one of the hottest projects in the market, which is why many investors are interested in investing in it. Founded by Do Kwon and Daniel Shin, this project has existed for over 3 years. Terra is essential a project that leverages decentralized finance (DeFi) technology to create a platform for rendering financial services.

The protocol creates stablecoins, usually pegged to currencies or other cryptocurrencies. For instance, many ecosystems create stablecoins pegged to the dollar to assure asset stability. This makes it easy for users to access financial services, such as saving, lending, or borrowing money. Previously, it was only the traditional financial system that encompassed financial services. However, things have changed, helping crypto and digital asset enthusiasts to enjoy decentralized services.

Additionally, Terra is also one of the largest DeFi protocols in the space. With over $18 billion in total value locked, many people seem interested in being part of project growth despite the growing regulations on DeFi projects.

It is safe to state that many blockchains are moving from proof-of-work to a more efficient and energy-saving approach called proof-of-stake. This protocol claims it utilizes a proof of stake mechanism, making it a better way to save energy and exert less pressure on natural resources.

There has been a lot of talks regarding crypto mining. Some people believe that Bitcoin and the altcoins impact the environment negatively due to the high energy needed for mining. However, things might be better as many blockchains embrace proof-of-stake for faster and more effective mining.

Because Terra is pegged to the US dollar, it follows the movement of the fiat currency, helping it maintain stability, primarily when used during financial transactions. Thanks to the algorithm, users holding Terra don't have to worry about volatility associated with digital assets because of fiat currency's stability.

Luna has continually recorded massive gains even while other assets struggle to regain stability. While 2021 wasn't the best year for the digital asset space, it attained its most incredible high recently. Many investors see Luna as a lucrative venture, thereby investing lots of money, helping the decentralized finance industry grow.

Decentralized finance (DeFi) is an industry known for helping users access financial services from the comfort of their homes. While traditional financial systems might require many protocols, which tend to be time-wasting, users can bypass this through DeFi. Today, this space remains one of the biggest emerging Industries, which may continue to remain relevant as humans are always in need of financial services.

Another reason for Luna's growth could be the outlook on DeFi. Many investors are willing to test the waters and understand how this technology could help them record new gains. Thankfully, the asset jumped from below $1 around the beginning of 2021 to $84 when the year ended.

It is safe to mention that Terra has successfully pushed other assets from the top 10 list. It has bypassed Litecoin, Shiba Inu, and even Doge. And some people believe that the benefits associated with this project fueled the new growth. Many people see potential in Terra, pushing them to buy into its native token to support the project and grow socially. This is quite common amongst assets in the crypto space.

Terra has some benefits, which may help you make a purchase decision. Before buying an asset, it's essential to understand how it works and how the market influences its price growth. While not every project with a lot of potential becomes successful, you can reduce failure rates by extensively researching and spending what you can afford to lose.

One of Terra's significant benefits is that it has helped stablecoin development. Stablecoins are unique digital assets pegged to crypto or a fiat currency. This makes some stable and a means to transact without worrying about price drops. When you change your assets to a stablecoin, you can rest assured that the value stays this way. However, it doesn't record notable gains also. If you want to invest in a lucrative venture, Stablecoins are not suited for that.

Another advantage associated with Terra is the use of decentralized applications. Decentralized applications run on the blockchain of networks and not a centralized body. This makes them more inclusive and community-centered.

Choosing to invest in an asset is a personal choice. However, research is crucial in all instances. When you have completed your research, you can finally decide if the coin is worth your money. Still, Luna has a lot of potential and may help the DeFi industry record more investors, especially as it continues to record gains.

You should invest in it when you believe that you can take the risk and won't be affected even when things turn sideways. However, if you can't take the risk, cryptocurrencies might not be for you. Also, the growing regulations on DeFi could significantly affect the market in the future. When governments push to regulate this market, it could adversely affect related providers.

Terra is one of the most significant projects in the digital asset space, giving access to decentralized finance services. Additionally, Luna's native token has recorded massive gains with a one-year space, making it an attractive choice for most crypto enthusiasts. However, you need to understand if you can take risks on this asset because of volatility. Digital assets and cryptocurrencies can be risky due to their volatility.