Terra (LUNA) is up 10% today, a day after listing on Wirex: here’s where to buy the coin

Terra (LUNA) has been on a very sharp rise since February 20, 2022, and a majority of analysts believe it is just a matter of time before it rallies past its all-time high of $103.33.

To help investors and traders who want to buy Terra (LUNA), Invezz has created a brief article to help with identifying the best places to buy it.

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Best places to buy Terra (LUNA)

As LUNA is such a new asset, it’s yet to be listed on major exchanges. You can still purchase LUNA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy LUNA right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‘connect’ your wallet to it.

4. You can now swap your ETH for LUNA

Now that you’re connected, you’ll be able to swap for 100s of coins including LUNA.

What is Terra (LUNA)?

Terra (LUNA) is the native token of the Terra blockchain.

Terra blockchain is a blockchain protocol that uses fiat-pegged stablecoins to power payment systems around the world.

LUNA holders can use the token to stabilize the price of Terra’s stablecoins and also to vote on governance proposals.

Should I buy the LUNA today?

If you want to invest in a cryptocurrency that is on the rise, then Terra (LUNA) is a good choice.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

LUNA price prediction

Despite its recent pullback, LUNA’s price surge has many. It was trading below $10 in July last year but it is now trading above $80 after hitting an all-time high above $100.

Analysts expect the coin to sustain the bullish momentum especially since the coin is rising at a time when majority of coins are struggling with a bear market.