• Alt coins,  Cryptocurrencies

    A Rising Star: Terra (LUNA)

    How Terraform Lab’s cryptocurrency rose to tenth highest in market cap

    What is LUNA? Terraform is the parent company of the cryptocurrency asset LUNA. Recently, the coin saw a surge in both price and market cap, passing up popular cryptocurrencies like Shiba Inu, Doge, and Avalanche. Terra’s website describes LUNA as a “decentralized reverse asset”. The Terra network effectively uses algorithms to generate stablecoins that correlate in price with other assets, like fiat and gold. The entire purpose of the network is to eliminate some of the volatility often associated with assets in the crypto space.  LUNA is another coin that people label as an “Ethereum Killer” much like the 5th ranked crypto, Solana, and the 12th ranked crypto, Avalanche. All…