Luna Millionaire Expects Token To Reach $500
A Terra (LUNA) millionaire is now put off by the recent sale
Dutch cryptocurrency millionaire Etienne vantKruys, who was recently profiled by the New York Times, predicts that the price of Terra (LUNA) could eventually reach $500 in the next five years:
My idea is that Luna will be $500 in five years. That is the horizon we play with.
Terra (LUNA) took the market by storm in 2021, adding about 17,500%. However, the cryptocurrency had an extremely rough January, with half of its value being wiped out.
On January 31, the cryptocurrency fell to 43.44%, its lowest level since November 28. It was buried harder than other major cryptocurrencies due to a double blow from the depleted reserves of Terra-based DeFi protocol Anchor and the Wonderland scandal.
Despite the recent recovery, the cryptocurrency is still down 43.74% from its record high and is currently trading at $58 on major spot exchanges.
However, the Luna millionaire is undeterred by the crash and claims he will keep his stash after selling some of his stash to buy a house for his partner.
According to the report, VantKruys bought $25,000 worth of LUNA when the cryptocurrency traded for less than a dollar, making a huge profit on his original investment.
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