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Stable coins
Is Terra (LUNA) A Good Investement?
Here’s everything you need to know
Despite the current bearish scenario, we shouldn’t overlook opportunities in the market.
One of those is Terra (LUNA) and we’ll see why.
Let’s start with the world of stable coins and then dive into Terra’s ecosystem.
Remember that profits are made in bull markets, but true wealth is forged in adversity (e.g. bear markets).
What are stable coins?
As the name suggests, these are cryptocurrencies designed to have a stable price.
They’re linked to a currency (like the U.S. dollar) or they can be regulated by an algorithm (like we’ll see with Luna).
The most frequent ones are attached to the U.S. dollar (like Tether and Binance). These are fiat-backed. Then you have crypto-backed currencies like Wrapped Bitcoin (WBTC) and Venus (VAI). And lastly, algorithmic backed like Terra (LUNA), Carbon (CARB), and Frax (FRAX), amongst others.
With so many out there and given that most cryptos fail, we’re likely to see only some of these survive in the long run.
