Luna The Ethereum Challenger And The 10$ Billion BTC Ambition

Luna of recent has been doing the most, in their sole aim of been a competition with the second largest cryptocurrency in the market according to market capitalization, early this month it was recorded that the token has overtaking Ethereum as a preferred token for stake with over 30$ billion worth Luna staked across all platform.

Luna with is a native token of the Terra network, the network as the two native token to it’s name which is Luna and UST. UST according to my research is Terra pegged to the United States dollar USD which can be abbreviated as UST which is a stable token.

In there road map the intention of the development team is that Terra network tokens should be able to facilitate payment systems globally.

From analysis Luna looks promising in the decentralized finance ecosystem looking at the price charts, even during the bearish run which some regard it to as a market correction Luna had proven beyond doubt strong admit this period.

The project which has so many activities happening in it’s ecosystem one of those is the plan of accumulating bitcoin, in an interview with Do Kwon which happens to be the chief executive officer of Terraform Labs explains how they intend to make this possible.

They intend to be the second largest holder of the digital gold after Statoshi which is an anonymous bitcoin founder.

The accumulation of bitcoin is to back the Terra network native stable token UST, he’s optimistic how this and how investors will trust the stable coin as they expands to other blockchains.

They strive towards the main goal of been the largest decentralized money in the crypto market.
They plan on holding at least 10$ billion worth of bitcoin in other for them to claim the tittle to been the second largest in the world.
At the time of penning the report Luna was trading at $103 and bitcoin was trading $45,749.