Bullish Luna Surges 5-Day Growth Rate, Is $120 Coming Soon? -Breaking
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© Ink Drop Bullish Luna Surges 5-Day Growth Rate, Is $120 Coming Soon?- In the 7-day period ending September 30, (LUNA) saw a more than +5% growth.
- Terra stablecoin was helped by more than $1.5 billion.
- Terra might reach $120 by the end of this year.
Terra (LUNA), continues to dominate the crypto industry with its innovative approach. The crypto has seen a +5% growth in seven days. This has allowed the crypto to maintain its top-10 position in CoinGecko. Investors who supported crypto regardless of market conditions made this possible.
Source: Coingecko
Do Kwon is the co-founder and promoter of Terraform. He also popularized Terra tokens like the Luna token. Kwon currently has more than $1.5 million in Bitcoin that he purchased to support the Terra stablecoin.
Terra might rise if the cryptocurrency continues to trend upwards.
TradingView
Terra is trading at an acceptable price under $100, as shown in the above chart. Terra, however, is able keep its price close to $99. Terra might see mass adoption, given the active efforts of Terra’s blockchain team. There is also the possibility that crypto prices could rise if there is widespread adoption.
Terra will likely surpass its $99 resistance level, and then skyrocket to nearly $120. But of course, this price forecast of the crypto still depends on the bullish market and its investors’ behavior within the network.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. The information contained in this article shouldn’t be taken as advice. CoinQuora urges users to conduct their own research prior to investing in cryptocurrency.
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