Terra Luna Price Prediction 2023-2032: Is LUNC A Good Investment?
Terra Luna Classic (LUNC) Price Prediction 2023 – 2032
- Terra Luna Price Prediction 2023 – up to $2.24
- Terra Luna Price Prediction 2026 – up to $7.37
- Terra Luna Price Prediction 2029 – up to $23.02
- Terra Luna Price Prediction 2032 – up to $77.32
Some signs of recovery have made everyone watch closely: Terra LUNA price has made a spectacular comeback in the previous months as speculation in the market continues. The rally was fueled by the ongoing recovery of Terra Classic USD, the stablecoin that was the nerve of Terra’s ecosystem. LUNA rose to a high of $2.20, which was about 47% above the lowest level in August.
Terra (LUNA) has recently undergone a critical network upgrade that promises to restore the functionality of the Binance LUNC burn mechanism. The upgrade, dubbed the Terra Classic network, has been live since February 25th, 2023, and is expected to improve the overall stability and security of the Terra ecosystem.
On the first day of March, the price of Terra Classic (LUNC) has experienced a nearly 2% increase, currently trading at $0.000164. The cryptocurrency’s trading volume has also seen a 25% increase during this time, indicating a growing interest in LUNC among investors and traders. The 24-hour low and high for LUNC are $0.0001616 and $0.0001659, respectively.
A quick recount: the original Terra Chain was rebranded as Terra Classic. Click here for the Terra V2 CMC page. The official announcement regarding the migration can be found here. Due to the de-pegging of UST, LUNA is experiencing extreme volatility. Please proceed with caution. The Terra blockchain was also halted. Please be properly guided before proceeding with any investment plans.
Terra (LUNA) is a secondary token that powers the Terra blockchain. Terra aims to be the go-to decentralized stablecoin used throughout the globe for everyday purchases. As Terra 2.0 was released on May 28th, 2022 after the de-pegging of its stablecoin, the old token got the name Terra Luna Classic (LUNC)
How much is LUNC worth?
Today’s Terra Classic price is $0.000120 with a 24-hour trading volume of $82,930,720. Terra Classic is down 1.73% in the last 24 hours. The current CoinMarketCap ranking is #57, with a live market cap of $708,094,648. It has a circulating supply of 5,897,661,162,889 LUNC coins and the max. supply is not available.
Also Read:
- Best Terra Luna Wallets: What Features Suit You?
- 7 Best Terra (LUNA) Wallets and their Features
- Terra Classic (LUNC) Back to Life to Restore Binance LUNC Burn
- South Korean press accuses Terraform of an investment data scam
- Terra co-founder’s office raided in South Korea
- The Great Migration by Terra Projects to Polygon
- Coinbase hit with lawsuit over Terra mishap
- Do Kwon dismisses claims of cashing out from Terra’s mishap
- What happened to Terra Luna? (Before and After the Crash)
- Do Kwon faces $57 million lawsuit by 359 TerraUSD investors
The Aftermath of the Terra Luna Debacle
While speculators ponder on their losses and the recovery plan, the Lunatic community has already charted the way forward for Luna through its decentralized voting platform. Amid the crash, TerraLabs founder and CEO Do Kwon offered a Luna recovery plan to stabilize the current crypto wreckage. This comes amid talk about a Luna delisting and trade suspension from exchanges.
Notices placed on CoinMarketCap: The original Terra Chain will be rebranded as Terra Classic (LUNC). Click here for the Terra V2 CMC page. An official announcement regarding migration can be found here. Due to the de-pegging of UST, LUNA is experiencing extreme volatility. Please proceed with caution. The Terra blockchain was also halted.
Recovery Plan
The cryptocurrency Terra (LUNA) has collapsed by more than 99 percent. The coin’s value tumbled dramatically on Wednesday, falling from $6.75 to just over $1. It fell further on Thursday and was valued at just $0.02 on Thursday afternoon, May 12, 2010. On the other hand, Terra’s UST stablecoin fell as Low as 65 Cents before rebounding: what went wrong? Why did the stablecoin lose its peg, which is the US Dollar?
Just 2 months previously, Terra price analysts predicted a bullish trend for the day as the steep increment in LUNA/USD value had been detected. The price has recovered up to $96.77 after the bullish efforts seen on 9 March. The Independent offered a palliative to prevent a further “crypto run”:
Cryptocurrencies are increasingly moving in sync with tech stocks, with investors treating both as risk assets and often retreating to safer corners of the market during bouts of market volatility.
Michael Kamerman, CEO, trading platform Killing
Also Read:
- Best Terra Luna Wallets: What Features Suit You?How To Buy Terra Luna: Beginners’ Basics
- 7 Best Terra (LUNA) Wallets and their Features
- South Korean press accuses Terraform of an investment data scam
- Terra co-founder’s office raided in South Korea
- UK moves on stablecoin safety nets amid Terra`s crash
- The Great Migration by Terra Projects to Polygon
- Terra projects continue to migrate to Polygon
- Terra’s Most Anticipated Game, Derby Stars, Migrates to Polygon To Leverage Robust GameFi Ecosystem
What is Terra (Luna)?
The Terra project utilizes a two-token system: Terra and Luna. Terra is a decentralized stablecoin pegged to a number of the world’s major fiat currencies including the USD, KRW, CNY, GBP, and most importantly, the International Monetary Fund’s Special Drawing Rights (IMF SDR). The IMF SDR is an international reserve asset based on the value of five currencies — the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling. The Terra token is the unit of account for the Terra protocol. Luna serves as collateral for the stablecoin, Terra, and provides security and stability to the network.
The Terra Luna algorithmic blockchain is configured to peg to the value of their fiat currency counterparts. Terra USD is pegged to the US dollar; the Luna token was then used to absorb volatility from the system. The systemic attack on Luna saw the algorithm crash into a death spiral.
Central to the recovery plan is the institution of a new chain Luna 2.0, with the old chain assuming the name Luna Classic. The recovery plan will see Luna 2.0 airdropped to UST, Luna, and UST holders about the post and pre-attack snapshots.
Terra Luna 2.0 Token Distribution
Terra Luna Overview
Terra Luna is a crypto payment solution that has gained a lot of traction since its initiation in January 2018 by Daniel Shin and Do Kwon, the men behind Terraform Labs.
The platform was built to keep in mind the price volatility of blockchain-based assets and perceive them. Terra focuses on price stability and usability and uses smart contract-enabled cryptographic versions of fiat currencies, called stablecoins, in its platform.
Terra has rolled out multiple fiats pegged stablecoins, including TerraUSD (UST), TerraCNY, TerraKRW, TerraEUR, and other digital currencies. The platform offers easy and quick transactions across borders without any hassle and is used by retailers worldwide.
The native token of the network, LUNA, is an essential element in the Terra Ecosystem and is responsible for platform governance. The LUNA token is responsible for operating the collateralizing mechanisms which keep the stablecoins in check and avoid massive fluctuation.
LUNA uses the Proof-of-Stake consensus and has an elastic supply depending on the platform’s need for stablecoins in circulation. Terra has a wallet called the Terra Station that can give direct access to stablecoins. One can access the DApps built on the Terra blockchain by using the wallet. Furthermore, the Terra Station can operate on a phone and a computer without failure.
Terra Overview
[mcrypto id=”141391″]
Luna 2.0 is finally here, with the genesis block produced on May 28, 2022.
Terra Classic History
The chart below by Coinmarketcap charts Terra Luna Classic’s price against time for the entire period since inception. Luna performed exceptionally well in 2021, reaching the year-high at $54.77 on November 27, 2021.
The growing utility of UST and support from the Lunatic community had the price surge in 2022. Due to its stability and 20% annual staking APY, UST served as a haven for many investors. Before the attack, Luna was at position 14 by market capitalization.
LUNA registered an all-time high of $119.18 set on April 5, 2022, and an all-time low of 0.00001675 on May 13, 2022, after the attack.
Terra Luna Technical Analysis
Terra LUNA has been trading in a range-bound manner in recent weeks, showing no signs of a significant surge in the price chart. Despite this, the LUNA token has had a positive start as its renamed Terra classic token recorded over $100 million in trading volume due to increasing investor interest in the altcoin market. However, the bullish momentum is fading as the collapse of stablecoin USDC has sent bearish momentum to the altcoin market, creating room for the LUNA token to dip more. Additionally, concerns over Binance’s BUSD are posing risks to the market, leading to extreme selling pressure in the LUNA price chart. Nonetheless, bulls are optimistic about the token’s potential to reach new highs in the upcoming altcoin session and overcome current market hurdles. Our Terra LUNA price prediction employs technical indicators to identify the current market trend and provide you with a comprehensive technical analysis to help guide your profitable investment plan.
According to CoinMarketCap, the current price of the LUNA token trades at $1.26, with an uptrend of nearly 3.25% from yesterday’s performance. Our technical analysis for LUNA crypto reveals that this digital asset may soon fall below its immediate support level if the market fails to bring any positive news in the next few days. Looking at the daily price chart, LUNA struggles to hold its price above $1.5 as the bearish pressure in the market puts a barrier in the LUNA price graph. The LUNA market has been experiencing downward volatility recently, with prices fluctuating between $1.2 and $1.5 over the past few days. LUNA has recently broken its prolonged consolidation range below the monthly support level at $1.34 and is expected to extend its current bearish momentum to the 38.6% Fib retracement in the upcoming days. In addition, the Balance of Power (BoP) indicator trades in a bearish region at 0.41, which may push the LUNA token to retest its support near $1.
The bulls of the LUNA token aim to set a 10% upward rally, challenging December’s high. The popular indicator RSI-14 trades in an extreme selling region at the level of 22, which may act as a catalyst in sending the LUNA token again to the North as it marks the bottom. Moreover, the MACD line has developed a dip below the signal line, triggering a quick uptrend if the LUNA community witnesses a bullish vibe among investors. The SMA-14 looks promising for a rebound as it trades near the level of 30, which may soon spark fresh surges in the LUNA price chat. If LUNA breaks above its EMA-20 trend line of $1.5, it may ignite a clear uptrend to its Bollinger band’s upper limit of $1.87, above which it may make an attempt to break its crucial resistance of EMA-200 at $2. Conversely, more downtrend is expected if the LUNA token drops below the critical support level of $1; below this price level, LUNA may accelerate a quick collapse as it can trade near its Bollinger band’s lower limit of $0.78. If LUNA’s price fails to hold above $0.8, it may gear up for a death rally and trade near $0.46.
Terra Luna Price Prediction By Cryptopolitan
| Year | Minimum ($) | Average ($) | Maximum ($) |
| 2023 | 1.9 | 1.97 | 2.24 |
| 2024 | 2.76 | 2.86 | 3.25 |
| 2025 | 4.29 | 4.4 | 4.94 |
| 2026 | 6.11 | 6.33 | 7.37 |
| 2027 | 8.8 | 9.11 | 10.53 |
| 2028 | 12.92 | 13.37 | 15.46 |
| 2029 | 19.73 | 20.39 | 23.02 |
| 2030 | 29.69 | 30.51 | 33.98 |
| 2031 | 44.42 | 45.64 | 51.47 |
| 2032 | 65.13 | 66.95 | 77.32 |
Terra Luna Price Prediction 2023
Our Terra Luna price prediction for 2023 expects a maximum trading price of $2.24, with an average trading price of almost $1.97. Terra Luna might retrace downward with a minimum price of $1.90 by the end of 2023.
Terra Luna Price Prediction 2024
LUNA is optimistic about the network’s development and burning mechanism, so the token may witness incredible highs next year. Terra Luna’s price prediction for 2024 predicts that the token will extend its bullish momentum to reach a maximum price of $3.25. After that, LUNA crypto might record a low of $2.76, with an average trading price of $2.86.
Terra Luna Price Prediction 2025
Our Terra Luna price prediction for 2025 expects a minimum value of $4.29 and a maximum value of $4.94. In addition, our Terra Luna price forecast for 2025 predicts an average trading price of $4.40.
Terra Luna Price Prediction 2026
Terra Luna’s price may rise by a solid ROI in 2026 and bring long-term bullish hopes to its holders. Our Terra Luna price prediction for 2026 expects a maximum trading price of $7.37 with an average trading price of $6.33. Terra Luna may trade at a minimum value of $6.11.
Terra Luna Price Prediction 2027
The altcoin market is projected to return to its golden era as it may rise exponentially in the next few years and become a significant sector in the crypto market. Our Terra Luna price prediction for 2027 suggests it may touch a maximum trading price of $10.53. Terra Luna may trade at an average price of $9.11 with a minimum value of $8.80.
Terra Luna Price Prediction 2028
Our Terra Luna price prediction for 2028 states that it may touch a maximum value of $15.46 and an average trading value of $13.37. The minimum value for the LUNA cryptocurrency is predicted to hit $12.92.
Terra Luna Price Prediction 2029
In the upcoming years, Terra Luna may turn out to be a dominating cryptocurrency as the Terra ecosystem is actively working on developing the LUNA network, which may push its price to the North. Our Terra Luna price prediction for 2029 expects a maximum price for this token to be $23.02 and a minimum price of $19.73. LUNA crypto may reach an average value of $20.39.
Terra Price Prediction 2030
Depending upon the future market potential, regulation, and developments from the response of the crypto community, LUNA coin can see a maximum price of $33.98 with an average trading price of $30.51. However, Terra Luna is projected to hit the bottom level at $29.69 by the end of 2030.
Terra Luna Price Prediction 2031
According to our Terra Luna price analysis, the Terra Luna token may bring a bullish wave to investors’ portfolios as the token has an ambitious roadmap ahead. The price of LUNA is projected to hit a maximum level of $51.47, with an average trading price of $45.64. The minimum trading price of LUNA is predicted to be $44.42 by the end of 2031.
Terra Luna Price Prediction 2032
Terra Luna’s price is forecasted to reach a minimum of $65.13 in 2032. Per our prediction, the LUNA price could reach a maximum value of $77.32 with an average forecast price of $66.95.
Terra Luna Price Prediction By Digital Coin Price
Digital Coin Price’s Terra Luna price prediction is bullish for the upcoming years as the website predicts a slow increase in demand for the token. According to them, the price of LUNA will surpass the $2.71 mark in 2024, and by the end of the year, Terra may experience a minimum fee of $2.65. Furthermore, the LUNA price has the potential to reach a maximum level of $3.23.
By the end of 2032, the price of the LUNA token is projected to trade above the $24.12 mark, while Terra is forecasted to have a minimum value of $23.54 by the end of the year. Moreover, the LUNA price is poised to achieve a maximum level of $24.31.
Terra Luna Price Prediction By CryptoPredictions.com
CryptoPredictions.com’s Terra price forecast expects the LUNA token to rise to a new high in the next few years. The website predicts that Terra’s price will begin at $1.396 in April 2023 and end the month at $1.511. Additionally, it is forecasted that the maximum price for LUNA during April will be $1.993, while the minimum will be $1.355.
In 2027, the price of the LUNA token will trade at an average level of $3.74. The website expects the LUNA token to reach a minimum value of $3.18 and a maximum value of $4.68 by the end of 2027.
Terra Luna Price Prediction By Wallet Investor
Due to LUNA’s crash in May last year, Wallet Investor gives a bearish outlook for the LUNA token as the website predicts a declining value for Terra price predictions. The website predicts that LUNA may reach an average value of $0.163 in 2024, with a minimum price of $0.081 and a maximum price of $0.245.
In 2027, the LUNA token may reach an average value of $0.01, with a minimum price of $0.005 and a maximum trading price of $0.0152.
Terra Luna Price Prediction By Market Sentiments
Terra Luna Classic has recently witnessed a surge in trading volume to $100 million, pushing the LUNA token’s bullish goals to a new high. However, the recent demise of the Silvergate bank and Silicon Valley Bank has sent bearish waves to the altcoin market, depegging several stablecoins, including USDC. Hence, experts predict a bearish rally for the LUNA token in the short term. However, long-term predictions are bullish as a crypto analyst, Crypto Vault, predicts LUNA token to surge by 100x by 2025.
The LUNA coin is projected to be the reigning king of the altcoin market in the future. Market experts believe that Terra LUNA has the potential to transform the financial industry and reshape the global economy. Moreover, the Terra LUNA team is working on a new project, Feather and the Alliance module, which will bring interchain staking to form economic alliances. Alliance is a Cosmos SDK module, and therefore it can be integrated into the Terra Blockchain, which is built on Tendermint, a consensus protocol built for Cosmos. While some analysts predict that LUNA’s price may go to zero, others give a bullish outlook for the token. Some market leaders believe LUNA may touch the $10 mark this year.
Conclusion
The Terra blockchain, represented by its digital asset LUNA, is a widely recognized protocol in the blockchain industry. Despite being a fork of the original network, the protocol continues to be a leading digital asset with significant influence in the growing industry.
The primary motive of the Terra blockchain is to create stablecoins, tokens designed to integrate the decentralized freedom of cryptocurrencies with the stability of fiat money. LUNA is a key piece to this system and is described as a staking or protocol token. In the future, Terra fans will get multiple opportunities to profit from its cross-chain connectivity with other Cosmos SDK blockchains. In addition, Terra has room to expand its sector and enhance its user base outside of Asia because the stablecoin’s significance is hyped internationally in terms of legislation and mainstream usage in payment systems.
The birth of Terra hinted at the continuation of optimistic developments and consistent growth of the crypto space around the world. Through integrating innovative tools that provide more efficiency and speed to users, LUNA aims to influence the decentralized sector hard as Terra Luna continues to evolve the global crypto market towards mainstream adoption by setting new goals. The continuous efforts of the Terra Foundation and impactful steps may soon push LUNC to new highs, bringing a ray of hope to investors after the crash.
The Terra Luna stable coin crash has scarred the crypto space. With 70% of Luna held in the top 10 wallet addresses, the chain is not as decentralized as we would like it to be. Luna 2.0 has an uphill task. Its CEO Don Kwon is already under investigation by the Korean government for task evasion and other civil suits.
Exercise caution when it comes to investing in algorithmic stablecoins; if you are not knowledgeable about the crypto market and its volatility, it is advisable to stay off from trades to avoid losses.
Despite keeping up with the advancements in the wider crypto space, the value of the LUNA asset has declined along with the overall crypto market. This is due to increasing speculation about a potential tax imposition by the U.S. government.
Read More
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Terra Luna Price Prediction 2023-2032: Is LUNC A Good Investment?
Terra Luna Classic (LUNC) Price Prediction 2023 – 2032
- Terra Luna Price Prediction 2023 – up to $2.24
- Terra Luna Price Prediction 2026 – up to $7.37
- Terra Luna Price Prediction 2029 – up to $23.02
- Terra Luna Price Prediction 2032 – up to $77.32
Some signs of recovery have made everyone watch closely: Terra LUNA price has made a spectacular comeback in the previous months as speculation in the market continues. The rally was fueled by the ongoing recovery of Terra Classic USD, the stablecoin that was the nerve of Terra’s ecosystem. LUNA rose to a high of $2.20, which was about 47% above the lowest level in August.
Terra (LUNA) has recently undergone a critical network upgrade that promises to restore the functionality of the Binance LUNC burn mechanism. The upgrade, dubbed the Terra Classic network, has been live since February 25th, 2023, and is expected to improve the overall stability and security of the Terra ecosystem.
On the first day of March, the price of Terra Classic (LUNC) has experienced a nearly 2% increase, currently trading at $0.000164. The cryptocurrency’s trading volume has also seen a 25% increase during this time, indicating a growing interest in LUNC among investors and traders. The 24-hour low and high for LUNC are $0.0001616 and $0.0001659, respectively.
A quick recount: the original Terra Chain was rebranded as Terra Classic. Click here for the Terra V2 CMC page. The official announcement regarding the migration can be found here. Due to the de-pegging of UST, LUNA is experiencing extreme volatility. Please proceed with caution. The Terra blockchain was also halted. Please be properly guided before proceeding with any investment plans.
Terra (LUNA) is a secondary token that powers the Terra blockchain. Terra aims to be the go-to decentralized stablecoin used throughout the globe for everyday purchases. As Terra 2.0 was released on May 28th, 2022 after the de-pegging of its stablecoin, the old token got the name Terra Luna Classic (LUNC)
How much is LUNC worth?
Today’s Terra Classic price is $0.000120 with a 24-hour trading volume of $82,930,720. Terra Classic is down 1.73% in the last 24 hours. The current CoinMarketCap ranking is #57, with a live market cap of $708,094,648. It has a circulating supply of 5,897,661,162,889 LUNC coins and the max. supply is not available.
Also Read:
- Best Terra Luna Wallets: What Features Suit You?
- 7 Best Terra (LUNA) Wallets and their Features
- Terra Classic (LUNC) Back to Life to Restore Binance LUNC Burn
- South Korean press accuses Terraform of an investment data scam
- Terra co-founder’s office raided in South Korea
- The Great Migration by Terra Projects to Polygon
- Coinbase hit with lawsuit over Terra mishap
- Do Kwon dismisses claims of cashing out from Terra’s mishap
- What happened to Terra Luna? (Before and After the Crash)
- Do Kwon faces $57 million lawsuit by 359 TerraUSD investors
The Aftermath of the Terra Luna Debacle
While speculators ponder on their losses and the recovery plan, the Lunatic community has already charted the way forward for Luna through its decentralized voting platform. Amid the crash, TerraLabs founder and CEO Do Kwon offered a Luna recovery plan to stabilize the current crypto wreckage. This comes amid talk about a Luna delisting and trade suspension from exchanges.
Notices placed on CoinMarketCap: The original Terra Chain will be rebranded as Terra Classic (LUNC). Click here for the Terra V2 CMC page. An official announcement regarding migration can be found here. Due to the de-pegging of UST, LUNA is experiencing extreme volatility. Please proceed with caution. The Terra blockchain was also halted.
Recovery Plan
The cryptocurrency Terra (LUNA) has collapsed by more than 99 percent. The coin’s value tumbled dramatically on Wednesday, falling from $6.75 to just over $1. It fell further on Thursday and was valued at just $0.02 on Thursday afternoon, May 12, 2010. On the other hand, Terra’s UST stablecoin fell as Low as 65 Cents before rebounding: what went wrong? Why did the stablecoin lose its peg, which is the US Dollar?
Just 2 months previously, Terra price analysts predicted a bullish trend for the day as the steep increment in LUNA/USD value had been detected. The price has recovered up to $96.77 after the bullish efforts seen on 9 March. The Independent offered a palliative to prevent a further “crypto run”:
Cryptocurrencies are increasingly moving in sync with tech stocks, with investors treating both as risk assets and often retreating to safer corners of the market during bouts of market volatility.
Michael Kamerman, CEO, trading platform Killing
Also Read:
- Best Terra Luna Wallets: What Features Suit You?How To Buy Terra Luna: Beginners’ Basics
- 7 Best Terra (LUNA) Wallets and their Features
- South Korean press accuses Terraform of an investment data scam
- Terra co-founder’s office raided in South Korea
- UK moves on stablecoin safety nets amid Terra`s crash
- The Great Migration by Terra Projects to Polygon
- Terra projects continue to migrate to Polygon
- Terra’s Most Anticipated Game, Derby Stars, Migrates to Polygon To Leverage Robust GameFi Ecosystem
What is Terra (Luna)?
The Terra project utilizes a two-token system: Terra and Luna. Terra is a decentralized stablecoin pegged to a number of the world’s major fiat currencies including the USD, KRW, CNY, GBP, and most importantly, the International Monetary Fund’s Special Drawing Rights (IMF SDR). The IMF SDR is an international reserve asset based on the value of five currencies — the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling. The Terra token is the unit of account for the Terra protocol. Luna serves as collateral for the stablecoin, Terra, and provides security and stability to the network.
The Terra Luna algorithmic blockchain is configured to peg to the value of their fiat currency counterparts. Terra USD is pegged to the US dollar; the Luna token was then used to absorb volatility from the system. The systemic attack on Luna saw the algorithm crash into a death spiral.
Central to the recovery plan is the institution of a new chain Luna 2.0, with the old chain assuming the name Luna Classic. The recovery plan will see Luna 2.0 airdropped to UST, Luna, and UST holders about the post and pre-attack snapshots.
Terra Luna 2.0 Token Distribution
Terra Luna Overview
Terra Luna is a crypto payment solution that has gained a lot of traction since its initiation in January 2018 by Daniel Shin and Do Kwon, the men behind Terraform Labs.
The platform was built to keep in mind the price volatility of blockchain-based assets and perceive them. Terra focuses on price stability and usability and uses smart contract-enabled cryptographic versions of fiat currencies, called stablecoins, in its platform.
Terra has rolled out multiple fiats pegged stablecoins, including TerraUSD (UST), TerraCNY, TerraKRW, TerraEUR, and other digital currencies. The platform offers easy and quick transactions across borders without any hassle and is used by retailers worldwide.
The native token of the network, LUNA, is an essential element in the Terra Ecosystem and is responsible for platform governance. The LUNA token is responsible for operating the collateralizing mechanisms which keep the stablecoins in check and avoid massive fluctuation.
LUNA uses the Proof-of-Stake consensus and has an elastic supply depending on the platform’s need for stablecoins in circulation. Terra has a wallet called the Terra Station that can give direct access to stablecoins. One can access the DApps built on the Terra blockchain by using the wallet. Furthermore, the Terra Station can operate on a phone and a computer without failure.
Terra Overview
[mcrypto id=”141391″]
Luna 2.0 is finally here, with the genesis block produced on May 28, 2022.
Terra Classic History
The chart below by Coinmarketcap charts Terra Luna Classic’s price against time for the entire period since inception. Luna performed exceptionally well in 2021, reaching the year-high at $54.77 on November 27, 2021.
The growing utility of UST and support from the Lunatic community had the price surge in 2022. Due to its stability and 20% annual staking APY, UST served as a haven for many investors. Before the attack, Luna was at position 14 by market capitalization.
LUNA registered an all-time high of $119.18 set on April 5, 2022, and an all-time low of 0.00001675 on May 13, 2022, after the attack.
Terra Luna Technical Analysis
Terra LUNA has been trading in a range-bound manner in recent weeks, showing no signs of a significant surge in the price chart. Despite this, the LUNA token has had a positive start as its renamed Terra classic token recorded over $100 million in trading volume due to increasing investor interest in the altcoin market. However, the bullish momentum is fading as the collapse of stablecoin USDC has sent bearish momentum to the altcoin market, creating room for the LUNA token to dip more. Additionally, concerns over Binance’s BUSD are posing risks to the market, leading to extreme selling pressure in the LUNA price chart. Nonetheless, bulls are optimistic about the token’s potential to reach new highs in the upcoming altcoin session and overcome current market hurdles. Our Terra LUNA price prediction employs technical indicators to identify the current market trend and provide you with a comprehensive technical analysis to help guide your profitable investment plan.
According to CoinMarketCap, the current price of the LUNA token trades at $1.26, with an uptrend of nearly 3.25% from yesterday’s performance. Our technical analysis for LUNA crypto reveals that this digital asset may soon fall below its immediate support level if the market fails to bring any positive news in the next few days. Looking at the daily price chart, LUNA struggles to hold its price above $1.5 as the bearish pressure in the market puts a barrier in the LUNA price graph. The LUNA market has been experiencing downward volatility recently, with prices fluctuating between $1.2 and $1.5 over the past few days. LUNA has recently broken its prolonged consolidation range below the monthly support level at $1.34 and is expected to extend its current bearish momentum to the 38.6% Fib retracement in the upcoming days. In addition, the Balance of Power (BoP) indicator trades in a bearish region at 0.41, which may push the LUNA token to retest its support near $1.
The bulls of the LUNA token aim to set a 10% upward rally, challenging December’s high. The popular indicator RSI-14 trades in an extreme selling region at the level of 22, which may act as a catalyst in sending the LUNA token again to the North as it marks the bottom. Moreover, the MACD line has developed a dip below the signal line, triggering a quick uptrend if the LUNA community witnesses a bullish vibe among investors. The SMA-14 looks promising for a rebound as it trades near the level of 30, which may soon spark fresh surges in the LUNA price chat. If LUNA breaks above its EMA-20 trend line of $1.5, it may ignite a clear uptrend to its Bollinger band’s upper limit of $1.87, above which it may make an attempt to break its crucial resistance of EMA-200 at $2. Conversely, more downtrend is expected if the LUNA token drops below the critical support level of $1; below this price level, LUNA may accelerate a quick collapse as it can trade near its Bollinger band’s lower limit of $0.78. If LUNA’s price fails to hold above $0.8, it may gear up for a death rally and trade near $0.46.
Terra Luna Price Prediction By Cryptopolitan
| Year | Minimum ($) | Average ($) | Maximum ($) |
| 2023 | 1.9 | 1.97 | 2.24 |
| 2024 | 2.76 | 2.86 | 3.25 |
| 2025 | 4.29 | 4.4 | 4.94 |
| 2026 | 6.11 | 6.33 | 7.37 |
| 2027 | 8.8 | 9.11 | 10.53 |
| 2028 | 12.92 | 13.37 | 15.46 |
| 2029 | 19.73 | 20.39 | 23.02 |
| 2030 | 29.69 | 30.51 | 33.98 |
| 2031 | 44.42 | 45.64 | 51.47 |
| 2032 | 65.13 | 66.95 | 77.32 |
Terra Luna Price Prediction 2023
Our Terra Luna price prediction for 2023 expects a maximum trading price of $2.24, with an average trading price of almost $1.97. Terra Luna might retrace downward with a minimum price of $1.90 by the end of 2023.
Terra Luna Price Prediction 2024
LUNA is optimistic about the network’s development and burning mechanism, so the token may witness incredible highs next year. Terra Luna’s price prediction for 2024 predicts that the token will extend its bullish momentum to reach a maximum price of $3.25. After that, LUNA crypto might record a low of $2.76, with an average trading price of $2.86.
Terra Luna Price Prediction 2025
Our Terra Luna price prediction for 2025 expects a minimum value of $4.29 and a maximum value of $4.94. In addition, our Terra Luna price forecast for 2025 predicts an average trading price of $4.40.
Terra Luna Price Prediction 2026
Terra Luna’s price may rise by a solid ROI in 2026 and bring long-term bullish hopes to its holders. Our Terra Luna price prediction for 2026 expects a maximum trading price of $7.37 with an average trading price of $6.33. Terra Luna may trade at a minimum value of $6.11.
Terra Luna Price Prediction 2027
The altcoin market is projected to return to its golden era as it may rise exponentially in the next few years and become a significant sector in the crypto market. Our Terra Luna price prediction for 2027 suggests it may touch a maximum trading price of $10.53. Terra Luna may trade at an average price of $9.11 with a minimum value of $8.80.
Terra Luna Price Prediction 2028
Our Terra Luna price prediction for 2028 states that it may touch a maximum value of $15.46 and an average trading value of $13.37. The minimum value for the LUNA cryptocurrency is predicted to hit $12.92.
Terra Luna Price Prediction 2029
In the upcoming years, Terra Luna may turn out to be a dominating cryptocurrency as the Terra ecosystem is actively working on developing the LUNA network, which may push its price to the North. Our Terra Luna price prediction for 2029 expects a maximum price for this token to be $23.02 and a minimum price of $19.73. LUNA crypto may reach an average value of $20.39.
Terra Price Prediction 2030
Depending upon the future market potential, regulation, and developments from the response of the crypto community, LUNA coin can see a maximum price of $33.98 with an average trading price of $30.51. However, Terra Luna is projected to hit the bottom level at $29.69 by the end of 2030.
Terra Luna Price Prediction 2031
According to our Terra Luna price analysis, the Terra Luna token may bring a bullish wave to investors’ portfolios as the token has an ambitious roadmap ahead. The price of LUNA is projected to hit a maximum level of $51.47, with an average trading price of $45.64. The minimum trading price of LUNA is predicted to be $44.42 by the end of 2031.
Terra Luna Price Prediction 2032
Terra Luna’s price is forecasted to reach a minimum of $65.13 in 2032. Per our prediction, the LUNA price could reach a maximum value of $77.32 with an average forecast price of $66.95.
Terra Luna Price Prediction By Digital Coin Price
Digital Coin Price’s Terra Luna price prediction is bullish for the upcoming years as the website predicts a slow increase in demand for the token. According to them, the price of LUNA will surpass the $2.71 mark in 2024, and by the end of the year, Terra may experience a minimum fee of $2.65. Furthermore, the LUNA price has the potential to reach a maximum level of $3.23.
By the end of 2032, the price of the LUNA token is projected to trade above the $24.12 mark, while Terra is forecasted to have a minimum value of $23.54 by the end of the year. Moreover, the LUNA price is poised to achieve a maximum level of $24.31.
Terra Luna Price Prediction By CryptoPredictions.com
CryptoPredictions.com’s Terra price forecast expects the LUNA token to rise to a new high in the next few years. The website predicts that Terra’s price will begin at $1.396 in April 2023 and end the month at $1.511. Additionally, it is forecasted that the maximum price for LUNA during April will be $1.993, while the minimum will be $1.355.
In 2027, the price of the LUNA token will trade at an average level of $3.74. The website expects the LUNA token to reach a minimum value of $3.18 and a maximum value of $4.68 by the end of 2027.
Terra Luna Price Prediction By Wallet Investor
Due to LUNA’s crash in May last year, Wallet Investor gives a bearish outlook for the LUNA token as the website predicts a declining value for Terra price predictions. The website predicts that LUNA may reach an average value of $0.163 in 2024, with a minimum price of $0.081 and a maximum price of $0.245.
In 2027, the LUNA token may reach an average value of $0.01, with a minimum price of $0.005 and a maximum trading price of $0.0152.
Terra Luna Price Prediction By Market Sentiments
Terra Luna Classic has recently witnessed a surge in trading volume to $100 million, pushing the LUNA token’s bullish goals to a new high. However, the recent demise of the Silvergate bank and Silicon Valley Bank has sent bearish waves to the altcoin market, depegging several stablecoins, including USDC. Hence, experts predict a bearish rally for the LUNA token in the short term. However, long-term predictions are bullish as a crypto analyst, Crypto Vault, predicts LUNA token to surge by 100x by 2025.
The LUNA coin is projected to be the reigning king of the altcoin market in the future. Market experts believe that Terra LUNA has the potential to transform the financial industry and reshape the global economy. Moreover, the Terra LUNA team is working on a new project, Feather and the Alliance module, which will bring interchain staking to form economic alliances. Alliance is a Cosmos SDK module, and therefore it can be integrated into the Terra Blockchain, which is built on Tendermint, a consensus protocol built for Cosmos. While some analysts predict that LUNA’s price may go to zero, others give a bullish outlook for the token. Some market leaders believe LUNA may touch the $10 mark this year.
Conclusion
The Terra blockchain, represented by its digital asset LUNA, is a widely recognized protocol in the blockchain industry. Despite being a fork of the original network, the protocol continues to be a leading digital asset with significant influence in the growing industry.
The primary motive of the Terra blockchain is to create stablecoins, tokens designed to integrate the decentralized freedom of cryptocurrencies with the stability of fiat money. LUNA is a key piece to this system and is described as a staking or protocol token. In the future, Terra fans will get multiple opportunities to profit from its cross-chain connectivity with other Cosmos SDK blockchains. In addition, Terra has room to expand its sector and enhance its user base outside of Asia because the stablecoin’s significance is hyped internationally in terms of legislation and mainstream usage in payment systems.
The birth of Terra hinted at the continuation of optimistic developments and consistent growth of the crypto space around the world. Through integrating innovative tools that provide more efficiency and speed to users, LUNA aims to influence the decentralized sector hard as Terra Luna continues to evolve the global crypto market towards mainstream adoption by setting new goals. The continuous efforts of the Terra Foundation and impactful steps may soon push LUNC to new highs, bringing a ray of hope to investors after the crash.
The Terra Luna stable coin crash has scarred the crypto space. With 70% of Luna held in the top 10 wallet addresses, the chain is not as decentralized as we would like it to be. Luna 2.0 has an uphill task. Its CEO Don Kwon is already under investigation by the Korean government for task evasion and other civil suits.
Exercise caution when it comes to investing in algorithmic stablecoins; if you are not knowledgeable about the crypto market and its volatility, it is advisable to stay off from trades to avoid losses.
Despite keeping up with the advancements in the wider crypto space, the value of the LUNA asset has declined along with the overall crypto market. This is due to increasing speculation about a potential tax imposition by the U.S. government.
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