What Makes LUNA Special, and is The Digital Asset Favorable?
There has been a significant correlation between LUNA’s price and the premier digital asset, Bitcoin. As the new year began, BTC and several altcoins lost a substantial share of their market capitalization. However, their value slightly improved, leading to a revaluation of the entire cryptocurrency industry back to $2 trillion.
In the Terra protocol, LUNA is the native Staking Token and the LUNA cryptocurrency is used in mining and governance. Users stake LUNA with validators as a reward for recording and verifying transactions on the blockchain.
For crypto investors, what will LUNA Coin be worth in 2023? Are LUNA Coins a promising investment in 2023? What are the chances that LUNA’s price will exceed its all-time high? Here are our predictions for the LUNACoin.
It’s a Good Week for Terra LUNA
With an up-to-date market cap of $268.61M USD, Terra is currently trading at $2.1071513 per (LUNA / USD). The 24-hour trading volume is 461.07 million USD. In the hourly chart, there has been a dip of -2.68%. A total of $343,358.76 was transacted in the last 24 hours, and the Coin ranks 1292 in its market capitalization at $2,046,588.
Currently, there are 1.71 million LUNA Coins in circulation, with a maximum supply of zero.
At its lowest price, LUNA Coin will be worth $0.004 in January 2023. If LUNA reaches $0.004 in its maximum price, the average price will be $0.004.
According to our predictions, LUNA Coin will reach an average price of $0.004 in February 2023, with the Coin’s price trading between $0.004 and $0.004.
Compared to other cryptocurrencies, LUNA Coin has difficulty gaining traction. Last week, the LUNA fell almost -15.15%. The Coin continues to show risky framing segments from the past few days. It may have solid fundamentals, but we don’t see it as a profitable asset in the short term.
What’s the Best Exchange to Buy Terra LUNA?
Today, you can buy Terra LUNA tokens on eToro, one of our top-rated crypto exchanges. You can buy Terra Luna with a credit or debit card on eToro without additional fees. The platform supports e-wallets like PayPal, Neteller, and Skrill to make cryptocurrency purchases easier.
eToro also offers relatively low trading fees. Buying Terra LUNA costs just 1% (plus the spread). With this, you’ll know exactly how much each transaction will cost.
Huobi, Bitrue, Bitfinex, FTX, KuCoin, Gate.io, Bybit, and LBank are some other centralized exchanges committed to trading the new LUNA token. We expect others to follow soon.
How Risky is investing in Terra LUNA?
LUNA token holders stake their tokens as collateral to validate transactions on the Terra blockchain, receiving rewards in proportion to how many LUNA tokens they staked. 7% annual inflation will incentivize staking rewards on Terra. As a result, validators’ interests align with Terra’s long-term success.
Cryptocurrency investors will find Terra LUNA to be an appealing blockchain and cryptocurrency. It allows you to stake your cryptocurrency to earn interest, create stablecoins easily, and has attracted the attention of the DeFi community. After Terra’s USD stablecoin depegged from the USD, does it still represent an investment opportunity?
According to crypto experts, the average LUNA rate in January 2023 will be $1.64 based on Terra’s price fluctuations at the beginning of 2022. You can expect it to cost $1.48 at the minimum and $1.69 at the maximum. The Terra price forecast for February 2023 shows a potential ROI of 3%.
On January 14, 2023, 18 technical analysis indicators were signaling bullish signals, while seven were signaling bearish signals, showing a neutral Terra price prediction sentiment.
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