LUNATICSLUNATICS LUNATICS LUNATICS Some are talking about taking profits, and you can't go wrong with that. However I think LUNA is going higher. Each blockchain has its uses, Bitcoin is the S.O.V, ETH the smart contract king, SOL the fast one, etc. and Terra is the money blockchain. It's possible we're going to see a bullrun of it's own for Terra only, once tradfi invades our space. They won't come for the SOV, they'll come for the money yields.
Anyway, I won't pull impossible targets, but here are some TA ideas.
- Parabola broken (yellow) showing more UP is possible.
- Channel showing the growth rate. We'll get pullbacks, but the way is shown.
- Fibonacci extensions (1.618 & 2.618) converge impressively at 310-320$.
- Channel + fibs give a time target at March 22.
Check my other articles about LUNA :Dec 24, 2021 LUNATICS LUNATICS Hello Lunatics! In this series of articles, I'll try to present all the protocols of the Terra blockchain and give you my point of view about them. First, the main building block : Anchor Protocol.
Anchor is the first building block of the ecosystem (more on that in my introductory article, see link at the bottom). Anchor uses a combination of instruments to reach a target of 20% APY on deposits. More details on the origin of yield here :
Many protocols on Terra are built around Anchor. Those protocols will use the UST lent by user to deposit on anchor, and use the yield to create their product. Examples of this will be covered in future articles, but we could hint at HALO (anchor yield used to fund charities), LOTA & GLOW (yield used for no-loss lotteries), PYLON (yield used to fund startups and reward users with tokens allocations at IDO prices).
I personally don't use Anchor anymore, because I'm exposed to it through other protocols. But there is much sense to profit from it. You can also deposit at a lower rate but with an additional insurance.
Borrowing to Earn - for power users :
Power users can also deposit their PoS assets as collateral to borrow UST at virtually no cost, and deposit them for the 20% yield. Currently LUNA & ETH are supported, with more to come. Not advised to standard user, as there is a liquidation risk if loan is not properly managed.
This was a follow up to my introductory article "Why LUNA over other blockchains ? " I hope you liked it. Check it out if you want to understand the complete logic of the Terra ecosystem.Dec 20, 2021 LUNATICS There are many arguments as to why LUNA might be one of the best bets in the crypto industry. Here are a few takeaways. Feel free to add what I missed or tell me where you think I'm wrong.
1) Every UST stablecoin minted is 1 dollar's worth of LUNA burned, giving more value to the remaining LUNAs. More UST created = LUNA value rises.
2) Terra/LUNA Blockchain is with Fast & Low fee transactions. Not subject to DDOS attacks like Solana frequently is, because it still has base fees. A coordinated DDOS attack would cost a lot in transactions.
The above are the foundations of the LUNA economy. But here are the building blocks :
3) UST is a totally decentralized stablecoin. Nobody can censor it. This is not the case of the 3 leading stablecoins USDT (Bitfinex/tether), USDC (Conbaise/circle), BUSD (Binance). There are many examples in the short history of stablecoins where the top 3 had a direct intervention from their corporation, freezing funds for example. If a big country decides to regulates stablecoins in the future, Terra will be immune to this.
4) To retain UST, Terra must attract capital interest and retain it with good products. Anchor is the #1 APP in the ecosystem, providing an impressive, stable, 20% APY. Many protocols are then built around those yields (no-loss lotteries, no-loss charities, no-loss IDO investments, etc).
As the whole crypto ecosystem grows, more money will enter into stablecoins, regardless of bull or bear markets. If Terra can attract a good portion of the stablecoins, LUNA's value will grow indefinitely as individuals and funds enter the space. We're early in the adoption curve of the crypto market, and the financial industry is just starting to join.
If I had to guess, I'd say we are barely entering the "Early majority" portion of the adoption curve of crypto. And LUNA is in an even earlier stage.
Each blockchain has its uses : Bitcoin is the store of value, ETH the smart contract king, SOL the fast one, etc. and Terra is the MONEY blockchain. It's possible we're going to see a bullrun of it's own for Terra only, once traditional finance invades our space. They won't come for the SOV (Bitcoin), this one is for investors. They'll come for the money yields.
Call me crazy, but I think LUNA has the potential to surpass Bitcoin (not make it obsolete, I only mean surpass it in capitalization). Low inflation, infinite value accrual, burning mecanism, eco-friendly, uncensorable, governable, incentivizable. Welcome to the new paradigm :)
As creator Do Kwon said, I'll also try to be "the last one holding a whole LUNA".
EDIT 1 : I published part 1 of the Terra protocols presentation : Anchor protocol.Dec 18, 2021 LUNATICS 
