5 Best Performing Cryptocurrencies of 2021

3. Terra (LUNA)

Gain in Price in 2021: 13061.37%

Terra is a blockchain platform using stable-coins to create payment systems that are globally accessible, offering price stability and adoption of fiat currencies, as well as fast and affordable settlements. Terra was launched in April 2019, and Terra’s native token, LUNA, stabilizes the price of its stablecoins. LUNA has the functionality of a governance token, since its owners can submit and vote on government proposals. As of 2021, LUNA gained 13061.37%, and was one of the top crypto performers for the year.

Terra is largely supported by the Terra Alliance, which is a group of businesses and platforms endorsing the adoption of Terra and LUNA. In February 2019, Terra reported that e-commerce platforms from 10 countries were members of the alliance, which represents approximately 45 million users. 

The Terra blockchain is secured with a proof-of-stake consensus algorithm, and there is a supply of 1 billion LUNA tokens available. In case users need more LUNA, the token is burned until it meets the demand, to maintain the price of Terra stablecoins.