Terra (LUNA) increased by $195 billion by traded volume in 2022

[Flow-er]

There are some cryptocurrencies that are not popular in the crypto space but they are recording a tremendous increase in trading below and in the market value. it is however very important to carry out a research on some of the unpopular cryptocurrency that one could invest on and make a huge folds of the amount that was invested. I have actually taken out time to carry out a research on terra(Luna).

This cryptocurrency made a remarkable increase in its trading volume and market value in the first quarter of 2022 irrespective of the bearish movement in the crypto market. This is indeed a good move and a promising cryptocurrency that one could put money on. Luna list the all-time high value of $119.18 in early week of April 2022, following a spike in the traded volume buy $45 billion in the early week of this month.

In the first quarter of 2022 the traded volume of lunar increased by $195 billion while the total traded volume was $223 billion. This tells you that this cryptocurrency is a very promising one and it is advisable to buy to keep LUNA for future gains.

Note: this is not a financial advice.

 

[Jasz]

Terra (Luna) is a cryptocurrency that is built on the Cosmos blockchain, which enables cross-chain transactions. Terra is a stablecoin, meaning it doesn't experience the volatility of other cryptocurrencies because its price is pegged to an asset (in this case, multiple currencies including the Korean won and Singapore dollar). This makes it an attractive option for merchants who accept payments in cryptocurrency.

The project was founded by Daniel Shin, who also founded TicketMonster, a Korean e-commerce site. The project has received notable investments from prominent cryptocurrency investors including Polychain Capital, Binance Labs, and OKEx Ventures.

When looking at stablecoins like Terra as an investment opportunity, it's important to understand how they work. A stablecoin's value isn't determined by supply and demand—rather, it is backed by assets such as fiat currency or commodities like gold or oil. For example, Tether tokens are almost backed by U.S. dollars held in reserve by the company behind them. The most successful stablecoins have reserves that exceed the market value of their tokens so they can weather drops in their value without having to sell assets at a loss.

In order to maintain its price stability, every time there is an increase in demand for Terra (Luna),

 

[Lens1000]

Most of the crypto investors tend to look at the popular cryptocurrencies in the crypto market than concentrating on the on popular ones that has a great potential. This is what is seen around the terra(luna) cryptocurrency right now. The $195 billion growth in the market capitalisation of this cryptocurrency is no joke. it is indeed a great milestone for the project. I don't think there is any cryptocurrency that has experienced or recorded such growth this year in the cryptocurrency market. That is why I saw so many webinars talked about microcurrency and they are pushing it very hard. I think what they were saying about microcurrency is that they are the unpopular coins that will surge with a very great percentage in the future. Buying the microcurrency and keeping it for future game will be a very profitable venture and a wise decision. It is very advisable if one could venture into buying a huge quantity of this cryptocurrency and keep for future gaim. A coin that could increase with such amount will definitely surge with a bigger percentage increase in the future and it will be wise to take advantage of it now before it's too late.