HomeLatest NewsBest places to buy LUNA, a steadily growing cryptocurrency

Best places to buy LUNA, a steadily growing cryptocurrency

Terra (LUNA) combines the censorship-resistance of Bitcoin with the price stability and wide adoption of fiat currencies and offers quick and affordable settlements. If you’re interested in unique features, look no further than this guide.  

Top places to buy LUNA now

As LUNA is such a new asset, it's yet to be listed on major exchanges. You can still purchase LUNA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy LUNA right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You'll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and 'connect' your wallet to it.

4. You can now swap your ETH for LUNA

Now that you're connected, you'll be able to swap for 100s of coins including LUNA.

What is LUNA?

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies and it intends to roll out additional options. Terra's native token, LUNA, is used to stabilize the price of the protocol's stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.

Should I buy LUNA today?

Terra (LUNA) could be a big winner as stable coins rise to prominence in the crypto world. This crypto also has a pretty large market cap.   

LUNA price prediction

Coin Quora predicts that if this bullish trend continues, Terra will reach $100 by the end of 2022. It will experience rapid growth up to $122 in the first half of 2022. After that, the rise will taper off, but no major falls are expected. It’s currently trading around $53. With upcoming plans and partnerships, a prediction of $100 per 1 LUNA may be realistic. In 2023, Coin Quora forecasts the price will reach $150.    

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