Terra LUNA is currently leading the crypto charts in terms of gains. The coin is currently trading at record high levels, at a time when the broader market is still witnessing a bearish momentum. The gains have pushed LUNA’s market cap to over $17 billion, making it the eleventh largest cryptocurrency in terms of this metric.
LUNA is trading at $44.48 at the time of writing after an 18.1% gain in 24 hours.
LUNA Price Analysis
LUNA has been among the best performing altcoins over the past two months. Despite dips caused by intense volatility across the market, LUNA has shown great promise in maintaining its uptrend, which has led to the creation of new all-time highs at $46.
If LUNA’s buyer support continues, the coin’s next target will be at $50. This is an iconic target for the coin because it could pave the way for even more explosive gains and make LUNA the leading altcoin of the season. If market support comes in at this point, LUNA will be headed towards the next high level of $55.
On the other hand, we could also see LUNA’s uptrend failing, in which case it could push towards the lower support levels of $44. A stronger bearish sentiment across the broader market could also lead to slumps towards $40. However, given LUNA’s uptrend over the past few weeks, further price dips could see buyers accumulate more.
Terra has been soaring ever since the Columbus-5 upgrade was introduced. This upgrade was created to enable several technological capabilities for the Terra network. There are several aspects to this upgrade. It is expected to boost the demand for LUNA by opening up the Terra network to new networks and decentralized projects. It will also give the coin a deflationary value, which is also expected to impact prices positively.
Where to Buy Terra
To buy LUNA during the current market bulls, you can create a cryptocurrency exchange account on the following exchange platforms:
eToro is one of the most reliable and reputable exchange platforms. eToro charges low trading fees and commissions, and it also allows new traders to copy the trading strategies of expert traders, thereby increasing their chances of making profits.
You can also buy LUNA from Gemini. Gemini has a great reputation for being a highly compliant cryptocurrency exchange. The exchange charges low trading fees and supports user-friendly features that make the platform easy to use.
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