This Crypto Has Gained 2,000% in 2021. Should You Buy? – The Motley Fool

This Crypto Has Gained 2,000% in 2021. Should You Buy? – The Motley Fool

Terra (LUNA) isn’t among the biggest cryptocurrencies yet, but it’s getting there. It started the year with a price of about $0.65 and a market cap outside the top 50. Since then, its value has gone up by over 2,000% to over $14 at the time of this writing, and it’s in the top 25.

A price increase alone isn’t necessarily a sign that a crypto is worth buying. Plenty of projects have seen short-term success despite obvious flaws. Let’s look at what Terra offers to find out if it’s a smart investment.

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What is Terra?

Terra is a blockchain protocol that offers multiple stablecoins pegged
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