My Bull Coin of the Week: Terra (LUNA)

in Zero to Infinity2 years ago

Hola friends 👋. Here is my entry on the 10th week of Find The Next Bull-run Coin as always organises by sir @tarpan here in Zero To Infinity Community, it always feels good taking part.

About crypto market

Everyone can agree with me that, cryptocurrency is such a volatile project to get involved in. With just a tweet, all investors start counting there losses.

Few days ago, an Australian computer scientist Craig Wright who claims to be the founder of Bitcoin in his 2016 blog post that he is the Satoshi Nakamoto won a major United States case. Let's watch out then, how the market will go as I present to you a coin which I anticipate will pump in the next five days.

About Terra LUNA

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Terra whick literally means "world currency" is also a Trade Reference Currency coin (TRC). This concept was however, proposed by Belgian economist and expert on monetary systems, in person of Bernard A. Lietaer in the year 2001, regarding on a similar proposal from the 1930s.
The currency is supposedly to be based on a basket of at least 9 - 12 very most
important commodities ( that's according to worldwide trade of their importance). Bernard A. Lietaer is with an opinion that this would provide a currency that wouldn't suffer from inflation:

Terra (LUNA) likewise USDT(Tether) describes itself as a cryptocurrency with price-stable coin, with the aim of mass adoption. As its scale grows, the team also aims to have LUNA evolve into a new financial infrastructure for future generation of decentralized apps.

Other notable facts about Terra(LUNA)

  • The South Korean based coin called Terra was lunched on the 26th day of July, 2019 (CMC) by Daniel Shin and Do Kwon., mainnet release was on the 24-04- 2019.
  • It's official website is https://terra.money/, it's under Stablecoins & Smart Contracts type and also under PoS Tendermint as CONSENSUS MECHANISM.

Why I think Terra LUNA will pump in the next few days

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The new year of 2021 looks highly positive for Terra (LUNA) , as the coin started its bullish rally on the very first day with a trading value of at least $0.6494. However, Terra price surpassed $21, due to the result of the success from Anchor protocol launch in March.
It drastically bounced back as low as $13 due to how the bears overtook the market in April. In may, the priced dropped 70% and the price was as low as $4 , but started recovering in July which was $6. Terra has a record of new all-time highs at $33.12 on the month of August 19th.

Today's current price of Terra is $73.93. LUNA is expected to continue this bullish trend throughout this year.
Regarding its how it's growing and predictions from experts, Terra price could surge $75 any moment from now. Despite the expected market fluctuations all over.
Terra price will end on possibly, a positive note. The average and minimum possibilities is being $64.87 and $44.16.

A quick view about Terra according to Coinmarketcap

NamePrice24%7d%
Terra(LUNA)$73.7811.55%19.77%
MarketcapVolume (24h)Circulating supply
$28.06B$3.16B(42.89M LUNA)380,348,525 LUNA

Source

Currently, Terra is the 10th top ranking cryptocurrency on coinmarketcap

Thank you ✔️👋

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