Alan Draper
Clickout Media LTD
Terra Luna is a cryptocurrency project developed by Terraform Labs, a Singapore-based technology firm. By creating a suite of algorithmic decentralized stablecoins required for DeFi transactions, the protocol hopes to increase crypto adoption.
But what distinguishes Luna? Is the digital asset still advantageous? What made it lose 99% of its value in May 2022? Can other altcoins like Tamadoge learn from the mistakes of this coin and reach ATH?
This guide answers these questions and provides information on the Luna price prediction and the likely growth trajectory for the stablecoin-focused protocol.
Terra Luna Price Prediction 2022
Despite having crashed big in the year of 2022, things are optimistic after the change to Luna v.2. Although the price reached a solid $0, it seems like things are going smoothly now for the new version. It seems very unlikely that it will recover though. This is why investing in a crypto that has nothing coming in the foreseeable future might not be the best option. That’s why investors are looking into different coins like the meme coin Tamadoge, which is currently on its presale.
Terra Luna Price History
The Terra Luna price has been determined by the leading digital asset, Bitcoin, as have the prices of other alternative currencies (altcoins) in the nascent industry. Nonetheless, the digital asset has seen explosive growth. Here are some snapshots of the digital asset's performance since its inception.
For starters, the price of LUNA was set at $1.29 in late July 2019, after a relatively quiet year. Following a broader market consolidation, the utility token sought support at a $0.17 price peg.
The value of LUNA skyrocketed after that, with the digital asset breaking into the spotlight in the second half of 2021. After a series of marginal gains in the first half of 2021, Luna increased by over 1,000% from $0.1 to $21.4. It fell to $5.95 in July 2021 after minor corrections before rallying again.
The Terra blockchain was all set for a major announcement of its potential this time, with the digital asset reaching a 52-week high of $99.72 in late December 2021.
Given the broader climate surrounding the digital asset's ecosystem, this year has been a mix of gains and losses. Luna started 2022 slowly, losing 45% of its gains to $54 in mid-February. Due to market rallies, the Luna token reached an all-time high (ATH) of $119.18 on April 5.
At the time of writing, the Terra Luna price is fighting for survival after a string of poor market performances. The digital asset has lost more than 95% of its ATH value and now trades for less than a dollar.
The precipitous drop in the price of Luna is largely due to a combination of a broader market drop and the de-pegging of its UST stablecoin from the dollar. Terra's stablecoin projects are inextricably linked to LUNA's performance. The stablecoin was designed to keep its peg to US dollars by burning or minting the Luna asset. However, a series of recent large UST withdrawals resulted in the stablecoin being de-pegged while negatively impacting the Terra Luna price in an already bear market.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Is Terra Luna the Best Crypto to Buy in 2022?
Despite its steep decline over the last ten months, Terra Luna remains popular among cryptocurrency enthusiasts.
However, it is far from being the best crypto investment for 2022, owing to its lack of utility. Investors want something that has to do with what’s become of the crypto market in the future. Meme coins such as Dogecoin have been known for performing very well in the past, and specially during bear markets. That’s why you should consider looking into coins like Tamadoge.
What is Tamadoge?
Tamadoge, a meme coin with real-world applications, deserves this honor.
Tamadoge is on its way to becoming one of the industry's best P2E crypto games, and it even has its own in-game Metaverse, the Tamaverse.
Breeding and training Tamadoge pets for battle is central to the gameplay.
Tamadoge is a one-of-a-kind NFT that is minted as a baby. When it matures, players can use it to fight opponents and earn Dogepoints in the battle arena.
Those who finish the month at the top of the leaderboard are eligible to win some fantastic prizes from the Dogepool.
TAMA is the game's native token and primary currency, and it is used to make in-game purchases such as food, items, clothing, and other items.
These items are critical to the pet's well-being and prevent them from becoming Tamaghosts.
TAMA Presale
Tamadoge is currently in its presale phase, which means you can take advantage of the low TAMA prices and become an early investor.
The presale will last until September, and crypto analysts believe TAMA's price will never be this low again.
How to buy TAMA?
The presale of this token started on 25th July 2022. It should end soon since they raised a solid $4M dollars, and if all tokens are sold out.
Everyone interested can buy TAMA with ETH or USDT, and there is no minimum amount of money required for the purchase. However, the Tamadoge team advised everyone who wants to buy the tokens to make the purchase of a minimum of $10 worth of ETH or USDT.
Here is a short guide on how to buy TAMA tokens:
- Set up your wallet – Tamadoge uses Metamask or Trust Wallet to store tokens.
- Obtain ETH or USDT – You will be able to buy TAMA with these funds
- Visit the Tamadoge website – This is where the presale happens.
- Make a purchase – Click on Buy, then click on Connect wallet and connect your wallet.
- Buy Tamadoge – Enter the amount of TAMA coins you want to purchase and click Convert ETH.
- Claim your tokens - Once the presale ends, you can collect your tokens by clicking the Claim button on the website.
Importantly, this project has received strong community support and has attracted a large number of investors in a relatively short period of time.
Furthermore, it was created by some of the industry's top experts in crypto, design, and marketing.
Tamadoge has long-term value potential in addition to an intriguing plotline and skill-based prizes.
Tamadoge Potential
Tamadoge, with strong tokenomics, a solid roadmap, and plans to develop an AR (augmented reality) mobile app, has the potential to become one of the market's leading meme coins.
Furthermore, this augmented reality mobile app will allow players to care for their pets even when they are away from home or are unable to access their laptops or computers.
Tamadoge has been KYC-verified by CoinSniper and its smart contract audited by Solid Proof, so investors can be confident that this project does not pose a rug pull risk.
Finally, no tax fees are associated with TAMA transactions. In today's meme coin market, this is unusual.
We recommend joining Tamadoge's official Telegram group if you want to stay up to date on all Tamadoge news.
Terra Luna Price Prediction- Conclusion
According to the Terra Luna prediction, the value of this cryptocurrency has the potential to rise in the coming years.
However, it is unlikely to generate significant profits for investors.
We strongly recommend Tamadoge as the best meme coin investment in 2022 and a project that could yield massive returns in the coming months.
We recommend joining Tamadoge's official Telegram group if you want to stay up to date on all Tamadoge news.
This article is sponsored by FINIXIO
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