Crypto Millionaire predicts that LUNA will hit $500 within the next 5 years

Dutch crypto millionaire Etienne vantKruys predicts that the price of Terra (LUNA) could reach $500 within the next 5 years:

“My idea was that Luna would hit $500 in five years. That’s the horizon for us.”

Terra has taken the market by storm in 2021, up about 17.50%. However, the cryptocurrency had an extremely difficult January 2022, losing half of its value.

Source: TradingView

On Jan. 31, the cryptocurrency fell 43.44% to its lowest level since Nov. 28. LUNA’s plight is more difficult than that of other major cryptocurrencies due to the double drop in depleted reserves of the Terra Anchor-based DeFi protocol and the Wonderland scandal.

Despite the recent rally, the cryptocurrency is still down 42.8% from its record high and is currently trading at $59 on major spot exchanges.

However, millionaire Luna is undeterred and states that after selling part, he will stay with HODL to buy a house for his wife.

According to the report, vantKruys bought $25,000 worth of LUNA when the cryptocurrency was trading at less than $1, making a big profit from it so far.

After bitcoin made many early adopters rich, many altcoin fans tried to replicate their success.

Last year, dogecoin hodler Faithr Contessoto also made headlines after making big bucks thanks to this memecoin.

The story of a supermarket worker who made himself a millionaire by investing in Shiba Inu went viral in November.

According to a survey published in November, 59% of annual millionaires believe they will become millionaires by investing their money.

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