Terra's Luna crypto coin versus Ethereum

Terra is another Ethereum competitor in the business of hosting blockchain apps. They're both benefiting from the boom in NFT and DeFi apps. In 2021, investors are making more money with Terra’s Luna coin than Ethereum’s Ether token. While Luna has shot up almost 4,500 percent since January, Ether has only gained about 350 percent during the same period.

The COVID-19 pandemic has accelerated the shift to online shopping. Therefore, Terra’s future looks promising with its focus on e-commerce payment. In addition to e-commerce, Terra will be offering tokenized stocks, which is another fast-growing crypto segment. Tokenized stocks promise to expand the access to the U.S. stock market to more global investors. People outside the U.S. can already trade tokenized versions of Tesla and other prominent companies.

As the network’s native token, Luna coin benefits from economic growth in the Terra ecosystem. In addition to price appreciation, Luna investors also receive a cut of the transaction fee generated on the Terra network. Therefore, Luna is among the cryptocurrencies that generate dividend-type income for holders.

When will the Terra (LUNA) coin reach $100?

The current price of Terra (LUNA) coin is $28.91. And in the last one month, the coin has given a return of more than 100%. In such a situation, everyone wants to know about this coin. So let me tell you that Terra (LUNA) is a fundamentally strong coin and yes the coin can reach $100 easily. But it is difficult for the coin to reach $100 by 2022.

The timing is also perfect, because soon this bull run will be over and a lot of people will move their funds into stablecoins. Who has the best and only stablecoins ecosystem? Terra LUNA.

Currently, there are around $100B in stablecoins, we can probably expect $1T by the end of the year. A big portion of this will be held in the Terra LUNA ecosystem.

The ecosystem has so many smart mechanics. Let me post you a collection of tweets that I have collected, which give a good overvoew the ecosystem.

Crypto proponent hints at a proposal to burn 90 M LUNA. In the community pool, to mint $UST for Ozone. The burn is poised to be initiated by Terra Money, next week. Which will reduce the total coin supply by 90 M, and increase the $UST supply by roughly 3-4 billion.

The proponent also mentions that the process will result in a lot of swap fees. Which will possibly result in LUNA staking returns to 5X.