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Home Cryptocurrency

Terra (LUNA) Price Poised For 65% Upswing Hitting $70! Here’s When 2021

by souhaib
November 20, 2021
in Cryptocurrency
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Terra Luna recovered dramatically in August, rising from roughly $5 to $37. Although the LUNA coin’s upward speed has slowed since September began, it is still on an upswing. With oscillations, this cryptocurrency has been steadily rising.

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During the last two months, moving averages have helped provide support during pullbacks and push the highs higher. The crypto market has had a significant pullback this week, yet LUNA/USD remains optimistic. 

Analyst Bullish on LUNA

According to a well-known cryptocurrency trader and expert, Smart Contracter, Terra, the  Ethereum competitor will reach a new all-time high.

He says, Terra (LUNA), the native token of layer 1 (L1) blockchain, might increase by 66 percent from present levels and reach a new all-time high (ATH).

The trader mentions, L1 runs aren’t over yet and they’ve started branching out into a few others recently, with $luna being one of them. “ATH and $70 or so [definitely] on the table.”, He added.

Layer 1 blockchains are decentralized networks with the ability to change protocol rules directly to increase capacity and speed.

At the time of writing, LUNA was trading at $42.67 up by 2.4% in the last 24 hours. 

The governance token of decentralized financial platform Curve (CRV) is similarly ready for a “glorious” breakout, according to Smart Contracter, after trading in a limited range for most of the year when coupled with Bitcoin (CRV/BTC).

He notes that CRV/BTC has been basing for a year, and the longer the base, the higher in space it is. This break-out will be spectacular he adds.



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