It’s been a big year for cryptocurrency. Bitcoin has surged to new all-time highs and Ethereum has grown to become the second-largest cryptocurrency by market capitalization.
But there are many other digital assets that have also seen tremendous growth in 2020. One of those is Terra Luna, which is up over 1,600% since the start of the year.
Terra Luna is a stablecoin that is pegged to the U.S. dollar.
It is one of the few stablecoins that is backed by a physical asset, in this case, lunar resources. The Terra Luna team believes that their coin will become the standard currency for the burgeoning lunar economy.
NOTE: This is a speculative question and should not be taken as investment advice. Coinbase has not made any official announcement about listing Terra Luna. Before investing in any cryptocurrency, please do your own research and consult a financial advisor. Trading or investing in cryptocurrencies carries a high risk of financial loss and there is no guarantee of success.
Coinbase is the largest cryptocurrency exchange in the United States and it lists many of the top digital assets. Given Terra Luna’s recent growth and its unique positioning, there is growing speculation that Coinbase will list Terra Luna on its exchange.
If Coinbase does list Terra Luna, it would be a major boost for the project and could help it gain even more mainstream adoption. It would also provide more liquidity for Terra Luna holders and make it easier to trade the coin.
However, there is no guarantee that Coinbase will list Terra Luna. The exchange has been known to be very selective in what coins it lists.
And with so many other strong projects in the space, Terra Luna will have to compete for attention from Coinbase.
Time will tell if Coinbase decides to list Terra Luna, but if it does, it could be a big win for the project and its holders.
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As of late, there has been much speculation in the crypto community about whether or not Coinbase will add Terra to its platform. Terra is a project that is gaining a lot of traction and has the potential to be a top 10 cryptocurrency. Coinbase adding Terra would be a huge boost for the project.