Why has LUNA currency risen so much? How high can LUNA currency go?

LUNA coin latest price trend ~$0.0000915≈￥0.000703

Why has LUNA coin risen so much? ① The luna currency sector rotates and rises very well under the DeFi hotspot. ②Some investment institutions in the world began to buy luna, including some industry giants also began to invest in luna. ③The hype of the Cosmos ecosystem has caused many people and funds to invest in this field. ④The financial market is in a bull market, which is a very important reason. The overall trend of the bull market is upward. Although there is a decline, it is higher with each wave. There are more buyers than sellers, demand exceeds supply, popularity continues to gather, investors have a strong desire to pursue higher prices, the number of new account openings continues to increase, and new funds continue to pour in. ⑤ The hype of blockchain and virtual currencies has led more and more people to invest in cryptocurrencies such as Bitcoin and Ethereum. The continuous rise of Bitcoin has driven the entire cryptocurrency investment. There may be some other reasons that together cause luna to keep rising, but as it goes up, it will fall. luna prices fluctuate greatly, and investment is very risky. How high can LUNA currency go? It’s hard to say how high LUNA currency can rise, but we can briefly analyze the prospects of LUNA currency. The value of LUNA tokens mainly comes from the supply and demand of stablecoins in the Terra system. In the long term, it captures the value of its platform. Currently, the team is launching various protocols around the system, and long-term investors may be able to capture value-addeddividends. Terra is a blockchain protocol that enables stable programmable payments and open financial infrastructure, powered by a basket of fiat-pegged stablecoins that are algorithmically stabilized by its native token, Luna. The Terra blockchain adopts a dual-token model, consisting of Luna tokens (pledged and stable algorithm tokens) and the Terra stablecoin family anchored to legal currencies such as the US dollar and Korean won. A simple summary is: users can mint Terra by burning Luna, or they can send Terra to the system and obtain Luna of equal value. Terra is a stablecoin blockchain protocol, and the main function of its native token Luna is to algorithmically maintain stablecoin anchoring through staking and destruction mechanisms. It can be regarded as a flexible stablecoin system. The characteristic is that the stablecoins in the Terra system can be benchmarked against various real assets such as US dollars, Korean won, and euros. The native token Luna has pledge, dividend, and voting rights. Terra initially focused on the e-commerce payment field in Asia. It launched the mobile payment application CHAI in South Korea with an annual transaction volume of nearly US$1 billion. In 2018, it received joint investment from Binance, Huobi, OKEX, Upbit, etc. Its founder Daniel Shin is the founder of the Korean e-commerce platform TMON, which is currently the second largest e-commerce platform in South Korea. Other team members have excellent technical and business abilities. Sustainable attention.

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