In May, the downturn of Terraform Labs set the tone for the industry. The price of the Terra Luna coin plummeted causing waves to ripple throughout the crypto sector. The fall of Terra Luna triggered more than $500 billion in losses in the broader crypto market and its effect is felt till today. Several investors saw their life savings vanish. Others considered suicide. People called for criminal investigations into the firm that created it, as well as government regulation for the entire industry.
Despite the ups and downs in LUNA’s price history, many market experts think that the coin’s price could dramatically rise in the future, while others believe that Terra is essentially finished and the coin is worthless. With that said, investors should be aware that cryptocurrencies come with a number of risks and rewards. Terra Luna certainly has its dangers.
Do Kwon and his firm Terraform Labs resurrected the Terra network, rebranded with a new blockchain and Terra Luna token, in an attempt to breathe life back into the system. The new Luna coin replaces the old Luna crypto. It trades under the same ticker symbol, LUNA.
Investors who lost money investing in Terraform Labs’ earlier cryptocurrencies may be eligible for free tokens, depending on the company’s decision. The old Luna coin can still be traded, but it is now known as Luna Classic. On cryptocurrency exchanges, it is listed as LUNC.
While not all exchanges currently support Terra Luna, there are numerous platforms where you may acquire the LUNA coin in the United States; Gate.io, Crypto.com, Huobi, Bybit, KuCoin, Binance, Uphold, BitYard, WayzirX, and eToro are some of them.
CoinMarketCap offers a list of buying options for each crypto (also known as market pairs). Search for Terra on CoinMarketCap and select the “Market” button near the price chart. In this view, you’ll find a complete list of where you can buy Terra, as well as the currencies you may utilize to do so.
Different platforms provide varying degrees of security, dependability, and liquidity. Do your homework before signing up for an account. To get started with Terra Luna, you’ll need to open a crypto trading account with an exchange or brokerage that supports the currency. To set up an online account, you must provide your chosen exchange personal information such as your address, email, and birthday. In general, purchasing crypto using a fiat currency like the U.S. Dollar will be less complicated than buying it with another crypto.
Decide how much money you want to invest in this cryptocurrency, then complete the transaction to acquire LUNA tokens. Your order will be processed in seconds and the coin will be added to your accounts.