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.

After breaking out of an ascending triangle, Terra Luna price was able to confirm the breakout by retesting and thus confirming the former resistance of +/- $98.50 as support. After that, the price has risen to the current all-time high of around $120. Today, the price is again at the support of $98.50, which is why buying LUNA could be worthwhile. Once the price hits the support, we expect a fresh increase. This could hold up to $136.50 as that is where the triangle's target is located. The price will most likely not increase all at once, however, the price could climb to $136.50 in a couple of weeks.

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The Terra Luna price is still in an ABC sequence and could gradually work through it. Upon reaching the target of the triangle, the first target of the sequence, located at around $146, would be completed. After that, there could be a major correction. The price could then rise to $200 - $245, which is why an investment in LUNA could definitely be profitable.

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.

Terra Luna price has retested the $100 resistance since our last prediction. Further, the price has formed a trend line through the constant rejection from the resistance. This trendline is approaching resistance, which is why an ascending triangle has formed. Ascending triangles are continuation formations, so we believe a breakout is imminent here. Formations break out in most cases in the last third. Based on this, we believe that the price could break out at any time. This breakout will happen with about a 70% chance to the upside. Based on this statistic, we anticipate a bullish breakout.

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Before tackling the $200 price mark, LUNA needs to reach and establish important price areas. If we draw a vertical line from the start of the triangle (beginning of the trendline to resistance ($100)) and place it on resistance, we get the target in case of a bullish breakout. This gives us a possible future price of around $135. Since the ABC sequence would finally be activated by a breakout, we see it as likely that the Luna price will rise to around $135. It is also possible for the price to rally towards $150 as the first target in the sequence, located at $145.

When LUNA starts to establish around $150 and draws an important area around that price, we can assume that prices will continue towards the psychological price of $200. On the other hand, weak prices that consolidate lower than $110 will drag this upside, most probably until late Q2 2022.

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With that said, the DeFi ecosystem is ripe for innovating how stable coins can work and power the ecosystem. To dodge strict SEC measures and evoke true decentralization, algorithmic stable coins end up as an amenable choice and Terra Foundation has been working towards achieving that goal through its protocol. 

Terra is a truly decentralized financial blockchain with the vision to build a simple and powerful payment network. Founded by Terraform Labs in 2018, Terra aims to revolutionize the financial space by usurping the traditional financial system through the use of algorithmic stable coins. Algorithmic stable coins are much safer, inflation resilient and they can help those holding the tokens to earn higher interests when compared to the traditional banking system. 

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At the heart of the Terra protocol lies the vision to make the financial system transparent, trustless, and profitable. But they can only happen when a customer's purchasing power doesn’t diminish with time. To ensure that, the Luna Token works at two fronts: (i) Optimizing Purchasing Potential & (ii) Enabling Payment Simplicity 

When you speak of optimizing the purchasing power, it would be hard to make that happen when stable coins are pegged to USD or to other fiat currencies. The reason being such fiat currencies lose value over time. So the best way is to collateralize such stable coins through a protocol. Terra introduces a circular dual token system built on top of arbitrage opportunities. The Terra ecosystem uses Seigniorage for that purpose. 

To understand seigniorage, you can take this example. Suppose the cost of issuing an asset of $1 is $0.5, the difference of $.95  is the profit. The Terra ecosystem transfers profit to the seigniorage pool which stabilizes the token prices and funds the Terra ecosystem’s development by hedging the same against a basket of other currencies and assets along with the profits. 

Instead of using a basket of other assets to drive price stability, the Terra ecosystem tweaks the demand and supply to establish stability. The rise in Luna prices mints more tokens, likewise, a fall in Luna price locks more tokens to the vault. IMF SDR standards define price stabilization.

Payment systems could evolve on top of just being a gateway of the transaction between counterparties. To simplify that, the Terra Foundation has envisaged an automated behind the scene swapping mechanism. Using this system, not only payment will get simpler but even unused cash kept in the wallet can earn interest and help users earn money by simply storing the same in their wallet. 

Investors’ interest rise due to such use-cases. So let’s see whether we could see moonshots for Terra in the coming days.

Recently, a lot of activities from Delta Neutral Traders have stimulated the break out to $93 from $70. For example, these Delta Traders perform multiple hedging. Such a technique makes them immune to Delta exposure and allows them to enjoy upside, no matter what the market sentiments are.  The recent price hikes are more likely due to such investors buying the spot LUNA and locking them in Astroport Lockdrop. 

Once they are doing this, it is followed by opening a perpetual futures contract and Delta trading protects them from Delta stock volatility. In this way, such practices have led to a breakout. However, at the macro level, such price rises cannot be altogether invalidated. For the record; 

It might be intriguing to know that Terra ecosystem is the 2nd largest blockchain powering up the DeFi market. Algorithmic stablecoins are the Magnus Opum of Terra Luna. UST has gained unprecedented popularity in 2021 and the same sentiments would be carried forward in 2022. Its other protocols like the Mirror, Anchor, and Pylon are on fire. It is most likely that UST might dominate the stable coin market and most of the protocols would be eager to open up UST/Native token pairs to accommodate safe cash-in and cash out. 

 Market momentum has been something that has caused a lot of speculation for Luna in 2022. In 2021, Luna gave a 12,000% return and most of the investors see a mirror image of Ethereum in Luna. Having said that, all those who missed the boat to glory in Ethereum’s case would most likely catch up with Terra Luna. At the same time, one cannot rule out the next big halvening event due for 2024. If the much-anticipated breakout happens and BTC gets close to the $200,000 mark, we could most likely see Luna hovering around the $500 to $600 mark. 

The following solid exchanges offer buying and selling LUNA token on their platforms:

• Binance 
• Bitfinex
• KuCoin 
• Gate.io
• Kraken