LUNA is the native token of the Terra blockchain. The Terra blockchain allows holders of LUNA to participate in the governance of the Terra protocol and also to use the token for staking and collateral with the ecosystem. With the formation of Terra Alliance which has to do with businesses supporting the adoption of Terra and its wide adoption in South Korea, the price of the LUNA remains bullish in the future. What is Terra (LUNA)? Terra is a cryptocurrency that was founded by Daniel Shin and Do Kwon In January 2018. It was launched on the Cosmos blockchain before the migration to Terra protocol after the launch of its mainnet in April 2019. It raised $32 million as a seed fund from early investors. Terra is a stablecoin-focused smart contract blockchain that issues various fiat-pegged stablecoins in different currencies. Its dollar-pegged stablecoin is called UST. With its adoption in mobile payment in Chia, South Korea, LUNA attained a recent all-time high price of $104.58 on March 9th, 2022. Let’s see the Terra (LUNA) price analysis for the coming years. Price Analysis of Terra Flashback: Fundamental Analysis of Terra Fundamental analysis has to do with ways through which news and announcements can affect the price of an asset. In the Terra community, there is news that has increased the positive sentiments that investors have for it in the long term. Prior to the such of Terra (LUNA) to its all-time high price of $104.58,...
