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Luna Millionaire Anticipates That The Token Will Approach Near $500 Soon.
2022-02-08 | Selina Mathew
Etienne vantKruys, a Dutch crypto millionaire lately highlighted by the New York Times, expects that the price of Terra (LUNA) would reach $500 in the coming five years.
Terra (LUNA) seized the marketplace by wildfire in 2021, increasing by over 17,500%. The crypto, on the other hand, had a disastrous January, losing half of its value.
On January 31, the cryptocurrency fell to 43.44 percent, its lowest level after November 28. It was more heavily impacted than other cryptos because of a twin whammy of Terra-based DeFi protocol Anchor's diminishing reserves and the Wonderland scam.
Notwithstanding the current rebound, the crypto is nevertheless down 43.74 percent from its all-time high, with major spot markets now trading around $58.
The Luna millionaire, on the other hand, seems unfazed by the crash, insisting that he might keep his treasure after selling a piece of it to build a house for his spouse.
As per the information, vantKruys acquired $25,000 worth of LUNA while it was selling for under $1, resulting in a significant return on his initial investment.
Since Bitcoin rendered most of its initial adopters extremely wealthy, several altcoin supporters were able to mimic their success.
Glauber Contessoto, a Dogecoin holder, grabbed attention the previous year following generating a profit with the parody cryptocurrency.
In November, a story of a grocery worker who became a billionaire by investing in Shiba Inu got a lot of attention.
As per a November poll, 59 percent of millennial billionaires expect they would become millionaires by putting money in cryptocurrency.
