This week, Terra became the second largest blockchain after Ethereum by total blocked value, surpassing the Binance smart chain. The price of LUNA has risen accordingly. In this short article you will find everything you need to know about Luna, including where to buy Luna.
The best places to buy Luna now
Since LUNA is such a new asset, it is not yet listed on the major stock exchanges. But you can still buy LUNA through a DEX (decentralized exchange). However, a few additional steps are required for this. To buy LUNA now, follow these steps:
1. Buy ETH from a regulated exchange or a broker like eToro”
We recommend eToro because it is one of the world’s leading multi-asset trading platforms and is an exchange and wallet in one. The fees are among the lowest in the industry. In addition, eToro is beginner-friendly and offers more payment options than any other service available.
2. Send your ETH to a compatible wallet such as Trust Wallet or MetaMask
You have to create your wallet, enter your address and send your coins there.
3. Connect your wallet to the Uniswap DEX
Go to Uniswap and connect your wallet to it.
4. You can now exchange your ETH for LUNA.
Now that you are connected, you can exchange several hundred coins, including LUNA.
What is Luna?
Luna is the token of Terra, a blockchain protocol that powers price-stable systems for international payments using stablecoins. Terra combines the general acceptance of fiat and price stability with the censorship resistance of Bitcoin, thus guaranteeing fast and cost-effective settlements. Since September of this year, Terra has been offering stablecoins that are pegged 1:1 to the USD and some other fiat currencies.
Terra uses Luna to stabilize the price of its stablecoins. Token holders can vote on and submit governance proposals. This gives it the status of a governance token.
Should I buy Luna today?
Luna can be a good investment if you make an informed decision. Read price analysis and forecasts before making a commitment that will affect your finances.
The market capitalization of Terra is currently $ 2.8 billion higher than that of Dogecoin, which is why the price forecasts for Terra are steadily improving. CoinTelegraph predicts that it will reach $100 in the near future. According to analyst Yashu Gola, Terra is on a consistently bullish course.
Digitalcoin predicts that Luna will be traded for $238 in 2026. This prediction is based on historical data and the proprietary algorithm of the platform.
Follow Luna on social media
#Luna is one of the best performers recently and approaching my first target around $89 since my July long below $8-9 area.#Luna can pullback from this level, but I still believe it will hit $160 later early next year.
Higher targets will be shown later. https://t.co/SKE8m568x7 pic.twitter.com/JK7CJ2eiNx
– Brain2jene💫 (@brain2jene) December 20, 2021