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Why Terra Was Up by Almost 8% Late on Tuesday

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  The cryptocurrency's developers continue to add to their considerable Bitcoin reserves. What happened Terra   (  LUNA  0.76%  ) , the native token of the blockchain that also supports the  TerraUSD   (  UST  0.31%  )  stablecoin, was popular among investors on Tuesday. As of late afternoon that day, Terra had enjoyed a rise of just under 8% across the past 24 hours to hit a new all-time high of $106.48 per coin. Crypto-heads were cheered by the fact that the developer of the two cryptos was continuing to add to its big  Bitcoin   (  BTC  0.55%  )  reserve. So what Do Kwon, CEO of Terraform Labs (the entity behind the Terra ecosystem) and its related entity the Luna Foundation Guard, announced plans earlier this month for the Foundation to collect $3 billion in Bitcoin to help support TerraUSD. And that's only the start -- ultimately, the aim is to amass $10 billion in the bellwether cryptocurrency. IM...
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3 Reasons Terra Is Going to Have a Big 2022

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  Terra is rapidly passing other top cryptocurrencies by market cap. Here's why it could keep climbing. Terra   (  LUNA  0.76%  ) , up 43% over the past 30 days, now makes up more than 2% of the total crypto market cap for the first time. What's behind the enthusiasm for Terra, and why is it ready for even bigger and better things in 2022? To discuss investing in Terra, it's worth pointing out that Terra is a digital ecosystem, and LUNA is its native token. Terra's ecosystem also includes many stablecoins such as  TerraUST   (  UST  0.31%  ) , which is a  stablecoin  based on the U.S. dollar. By investing in LUNA, you are part of the growth of the Terra ecosystem. As more demand for UST is created, LUNA is automatically burned, making the remaining tokens more valuable (almost like a share buyback in the traditional stock market). The growth of the Terra ecosystem is exploding for a variety of reasons. IMAGE SOURCE: GETTY IMAGE...
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