Thread by @LaLaLand_305

$LUNA has added more than 13,800% to its value over the past 12 months, and predicted to grow 350% by the end of 2022.

Easy and simple explanation on why you should not underestimate the 2nd largest blockchain in #DeFi Today ! ⬇️🧵

1. The decentralized finance space is one of the biggest winners this year.
A recent report revealed that the total value locked (TVL) in DeFi #protocols rose by $100 billion in 2021. While $ETH remains the leading DeFi blockchain, Terra is the biggest winner.

2. @terra_money is an algorithmic #stablecoin platform that works on a Proof of Stake (PoS) #blockchain infrastructure.
$LUNA is the native #token of Terra and is used in the issuance of stablecoins, as a price stability mechanism, and also for staking and network governance.

3. #Terra’s TVL rose to over $20 billion this year, and it is now the second-largest #DeFi blockchain, surpassing the likes of #BinanceSmartChain and #Solana.

4. I thought one the main point of crypto was achieving #DeFi ???
$LUNA got it right.
As a result, LUNA is now the 9th largest #cryptocurrency by market cap.

5. Terra is becoming home to some of the leading DeFi protocols in the space.
e.g. @anchor_protocol - Grew from $540 million in April to currently standing above $8 billion.
Deposit $UST with #Anchor currently provide 19.4% APY.
Pretty awesome right ?

6. $UST was listed on #Binance after it became the 4th largest stablecoin by market cap.

7. Dan Morehead CEO at @PanteraCapital recently told CNBC that he believes Terra is one of the most promising alternative coins for 2022. He said, “It’s growing at a very rapid rate. We think it’s one of the most promising coins for the coming year"

8. The $LUNA/USD #chart is one of the most #bullish in the cryptocurrency market. The coin has added thousands of percentages to its value over the past year and could look to build on that in the coming 2022.

9. $LUNA is expected to perform excellently in the coming year. According to WalletInvestor’s 2022 forecast, LUNA’s price will surge by nearly 150% to reach $200 by the end of next year.

10. When $UST market cap hits $50b, $LUNA price could be $350, keeping its position as one of the leading cryptocurrencies in the world.
See murrayrudd.substack.com/p/background-f…
@crypto_rudd

11. Sources :
walletinvestor.com/forecast/terra…

cointelegraph.com/news/cointeleg…

12. And for the ones that still have #FUD about $LUNA because of the recent events, there is not much I can do for you ...
Buy soon ! 🚀

investorplace.com/2022/01/why-di…

coindesk.com/business/2022/…

@stablekwon

https://twitter.com/stablekwon/status/1486878306880286721?s=20&t=-d8gTHv0u_3ILIOouo11rQ