Terra (LUNA) could have hit bottom: you can buy $LUNA token here

Most crypto investors are optimistic that Terra’s woes are almost coming to an end and that its coin the Terra (LUNA) is poised for recovery in the coming days. The rate at which LUNA was losing its value has reduced from losing over 100% per day to only about 40% per day; a sign that the bearish trend could end.

Over the weekend, the price of Terra had actually risen by more than 1,000% before pulling back today.

To help investors and traders who want to take advantage of the current Terra (LUNA) dip by purchasing it at its current low price, Invezz has created a brief article to help with identifying the best places to buy it.

To find out more, please continue reading.

Best places to buy Terra (LUNA)

eToro

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Bitpanda

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What is LUNA?

LUNA is the native cryptocurrency of the Terra blockchain.

The Terra blockchain uses fiat-pegged stablecoins to power a stable global payment system. In a nutshell, Terra leverages the stability of Fiat currencies and the decentralized nature of Bitcoin (BTC) to offer fast affordable settlements using stablecoins.

Besides its recently released native stablecoin, TerraUSD (UST), a number of other stablecoins pegged on the US Dollar, the South Korean Won, the Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket of currencies have been developed and deployed using Terra blockchain

Besides LUNA being used as a stabilizer of the various stablecoins developed via Terra, LUNA holders can also vote on Terra governance proposals.

Should I buy the LUNA coin today?

LUNA could be a good choice if you are looking for a cryptocurrency that has taken a massive dive over the past few days.

Despite the coin offering a great opportunity if it recovers, it is still not clear how far the price of LUNA will go. The coin has been dropping by almost 100% every day in the past four days.

LUNA price prediction

With Do Kwon publishing Terra’s “recovery plan” for both its native stablecoin, the TerraUSD, and its native token, the LUNA, analysts anticipate that the price of LUNA could get above $0.002 by the end of the week as it tries to recover above $1.

Terra social media coverage

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