3 Reasons Why You Should Invest in Luna Right Now!
If you’re searching for the next Bitcoin, look no further. You’re looking at a coin that has the potential to skyrocket in value within the next few years. We know this because its value has already climbed steadily this past year. The name of this cryptocurrency is Luna, and it operates on the Terra blockchain. The Terra blockchain is home to more than just Luna, in fact the Terra blockchain is also home to a variety of stablecoins.
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What is Terra?
Terra is a blockchain belonging to the company Terra Money. Terra’s white paper highlights the urgent need for cryptocurrencies to become less volatile. This is one of the largest hurdles crypto markets face across the board. However Terra has plans to fix this, and if they do, it could position Luna on a global stage. As if this isn’t a good enough reason to invest in Luna, the recipe for success only continues to get better.
Many investors feel that Luna has the potential to offer investors rather generous profits. For starters, Luna’s creator (Terra) has an aggressive agenda, with eyes on becoming a platform similar to Ethereum. Terra charges a gas fee in order to add to their blockchain. The goal of this is to prevent spamming, promoting the integrity of Terra’s entire ecosystem. But it doesn't end there, Luna has performed excellent this past year. With prices steadily increasing, many crypto experts expect this trend to continue.
Luna has a strong team behind it, in fact it was co-founded by a former software engineer at Apple. Not only that, but Luna is available on many common crypto exchanges such as Gemini and Voyager. It is likely we will see Luna become more prevalent in the future, as it is added to more exchanges and continues to gain traction.
Drawbacks of Luna
No matter how you look at it, Luna is a cryptocurrency with the potential to be extremely volatile. Not only that, but Luna could be subject to restrictions put in place by the country you reside in. These are just some of the risks that investors must be willing to accept when they invest in Luna.
The world of crypto is an exciting one, however it is important to remember not to get carried away. Never invest money you cannot afford to lose, and remember to do plenty of research before making an investment. But do remember one thing… the bold are rewarded first.
One More Thing
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