The Tera network has two coins, mainly their native token LUNA and the other stable coin UST. Luna’s coins market capitalization is around 25 billion dollars, with the current price sitting at 65.63 dollars which was around 40$ around November.
What is Tera?
Tera is just a payment processing medium, like visa cards, MasterCard, etc. Tera also works to provide a platform where merchants can use Tera as a payment processing medium. Merchants can accept payment from their customers and pay a commission of 1%. Which is less than the payment processing giants, and even in some cases, it is less than 1%.
What is Luna?
The Tera network has two coins, mainly their native token LUNA and the other stable coin UST. Luna is used to keeping the value of UST stable; if it is below one dollar, then Luna can be used to give incentive to holders to either burn some coins or create more to stabilize the value.
So this is the exact use of luna and the main reason behind the coin’s pump. The more the number of UST bought, the higher the price. So then Luna would be used to print more UST, and when the price goes down, UST would be exchanged with the amount of Luna to bring it back to the dollar by shrinking the supply of UST.
Luna Token Market Analysis
There are in all 857,943,108 Luna coins, and looking towards its market capitalization, it is around 25 billion dollars with the current price sitting at 65.63 dollars which was around 40$ around November with a market capitalization of 15 billion dollars. The value of Luna has almost doubled in just a few weeks.
Luna Token Price Prediction
Looking at the current pump and sudden fall from the high and it is currently, it is trading sideways in the chart. Luna broke out the wedge support and is not testing support but can see a good bounce from the zone.
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Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.