According to the host of the famous crypto analysis and market commentary show Coin Bureau, the native token of algorithmic stablecoin platform Terra, $LUNA, might increase by 2-3X.
According to Binance Research, Terra is a Proof-of-Stake (PoS) blockchain. According to them, $LUNA is also “used in the creation of stablecoins (TerraSDRs), as a price stability mechanism, staking, and network governance.” Terra was launched in January 2018 by Terraform Labs (founded by Daniel Shin and Do Kwon in January 2018), and the Terra mainnet went live on April 23, 2019.
In a recent YouTube video, Coin Bureau’s host “Guy” stated that $LUNA is on the verge of a big price increase. Guy emphasised the advantages and growing popularity of TerraUSD ($UST), Terra’s US dollar-based stablecoin. Despite the fact that the crypto markets are now gloomy, he anticipated that more platform utilisation would lead to $LUNA doubling or tripling in price.
Will you be buying Luna after reading this?
