1-THE NAME OF THE TOKEN AND INTRODUCTION OF THE PROJECT. TECHNICAL BACKGROUND OF THE PROJECT AND THE TEAM IN CHARGE OF THE PROJECT. IN WHICH EXCHANGE OR EXCHANGE CAN BE NEGOTIATED.
ANSWER :-
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I want to tell Luna coin about them because I am using it too and I have got a lot of good benefits from it too. This Coin was founded in 2018 by a cryptocurrency developer South Korean : entrepreneurs Do Kwon and Daniel Shin. And the one whose market capital is there is also doing very well.
Stablecoins have surfaced as an important, if occasionally controversial, element of the cryptocurrency ecosystem, bridging the gap between edict and digital currencies. The total capitalization of the stablecoin request has grown fromUS$ 20 billion in October 2020 to further thanUS$156.2 billion moment
The 2 most estimable exchanges that support the trading of LUNA are Gemini and Voyager. Unlike Robinhood and SoFi, these exchanges let druggies shoot and admit cryptocurrency from their exchange holdalls. This way, you are suitable to stake and earn interest on cryptocurrencies through decentralized operations (dApps). LUNA is one of the best- performed cryptocurrencies in 2021. The coin has added further than to its value over the once 12 months, outperforming utmost of the leading cryptocurrencies. As a result of its rally, LUNA is now the ninth-largest cryptocurrency by requestcap.Terra (LUNA) A Stablecoin-Powered Payment Platform. Terra is a coming- generation blockchain payment network interwoven with stablecoins and powered by its own LUNA coin.
LUNA has grown over since the launch of this time and is clearly a coin to watch.
As a company, the stylish way to suppose of Terra is as a completely digital, decentralized fiscal institution. Its guests can earn interest on their means, spend them through its payment system, and indeed invest in synthetic stocks. And the commemorative, Terra (LUNA) underpins much of what the company does.
2-WHY ARE YOU BULLISH ON THIS TOKEN TODAY? AND HOW LONG DO YOU THINK IT WILL INCREASE?
LUNA has deposited itself as one of the top ten cryptocurrency systems by request capitalisation in roughly three times since its ICO in 2019. It has secured high- profile collaborations withCrypto.com and Chainlink enablingcross-chain capabilities.
Still, its price geste has been negative since the launch of 2022. Whether the coin is a good fit for your investment portfolio depends on your circumstances and threat forbearance. You should estimate the position of threat you're ready to take ahead investing.
LUNA has deposited itself as one of the top ten cryptocurrency systems by request capitalisation in roughly three times since its ICO in 2019.
It has secured high- profile collaborations withCrypto.com and Chainlink enablingcross-chain capabilities. Still, its price geste has been negative since the launch of 2022.
Whether the coin is a good fit for your investment portfolio depends on your circumstances and threat forbearance. You should estimate the position of threat you're ready to take ahead investing.
How to analyze the token for an operation? You must obligatorily use methods and analysis learned in the Crypto Academy.
I have made an analysis on this coin and I have uploaded the analysis of this coin on above image. I have placed some support level and resistance level.
At this time, Luna is currently made a pullback from resistance level and I think It will go in downward as War has also started it will also affect the market.
I have placed a moving average indicator and that indicator is above the price which is also confirming the downtrend.
So, I opened a short position of Luna coin and I am uploading the short position image here.
What is your plan? Do you want to keep it for a long time? Or when to sell it?
My response to the LUNA coin price for 2022 is generally positive. Wallet Investor predicts it'll continue its bullish run and believes the coin will exceed its each- time high towards the end of the time. DigitalCoinPrice suggests the coin will exceed its new each- time high 2023.
DigitalCoinPrice's LUNA coin price vaticination for 2025 is $124.28. Still, judges can frequently be wrong, and you should always do your exploration before investing.
As a stable coin ecosystem grounded on an algorithmic and edict- pegged coin, Luna looks like a veritably seductive cryptocurrency to hold. There're some concerning pitfalls ( cut and nonsupervisory pitfalls) that could peril Terra's future. Therefore, this time is pivotal for their unborn development and mass relinquishment.
Do you recommend that all people buy it? The reasons for recommending or not recommending it.
Looking at its increasing order, I think that this coin is going to increase in price going forward. That's why I recommend on people who use Luna coin. Who is this very good, who is going to give a lot of benefits going forward. That's why I bought it and that's why I want to tell you which one has got me a lot of profit as well.
Terra (LUNA) brings a lot of benefits to the request. Its decentralized and permissionless nature makes it ideal for the digital frugality. The network offers competitive programmable payments, logistics, and an structure designed to simplify Dapp and stablecoin development.
Any other important information of the token/project
Terra (LUNA) is a decentralized fiscal structure and blockchain protocol that introduces some unique generalities and propositions into the request. The network leverages a native commemorative, stablecoin protocol, mystic system, and smart contracts to bring druggies programmable plutocrat for the internet .
Thank you professor @pelon53 and @imagen.
All images are taken from TradingView and Binance