I have been buying a big bag of Terra LUNA until it makes up the 2nd largest position in my crypto portfolio. I am very bullish on LUNA and here is why. This article will present a layman overview of what is terra luna in crypto and where is this heading towards.
1. What is Terra Trying to Solve?
The main problem in crypto is price volatility.
Even though crypto is more than a trillion market cap, how many of us really use crypto in our day-to-day lives except for investment and speculation? I guess you already know the answer to this.
What Terra wants to solve is to create a stable cryptocurrency that allows for the mass adoption of blockchain particularly in the e-commerce sector. Then you ask, don’t we already have all these stablecoins out there? USDT, USDC, Binance USD, DAI and etc. Why create another one?