LUNA trades at $44.77
Terra is another top crypto to buy. Built on the Cosmos blockchain, Terra protocol is a comprehensive, end-to-end payment solution that leverages stablecoins to power the global payment networks.
So far, the protocol has attracted interest from several payment solutions of over 15 initial partners, with a combined $25 billion in gross merchanised value (GMV) signing up with the protocol.
The Terra blockchain has been on a tear in the last few days with the successful launch of the Columbus-5 upgrade. The upgrade meant to enable seamless transfer of Terra’s stablecoin TerraUSD, LUNA, and other digital assets between networks are seen as a long-awaited answer for the protocol’s stablecoin expertise.
Also, the expected burn or permanent reduction of 10% of all LUNA tokens has lent more wings to the protocol’s growing popularity.
The impressive fundamental of the coin has seen LUNA surge in the last week with over 19.80% weekly gains recorded by the protocol. At press time,
LUNA trades at $44.77, up 3.76% in 24 hours. LUNA’s MACD shows that the digital asset is trading on the buy zone.