- Overview of Terra (LUNA)
- Understanding of Terra 2.0
- The Rise and Fall of Terra
- Terra (LUNA): Technical Analysis
- Terra (LUNA) Price Prediction 2022
- LUNA Crypto Price Prediction 2023
- Terra Price Prediction 2024
- LUNA Price Prediction 2025
- LUNA Price Prediction 2026
- LUNA Price Prediction 2027
- LUNA Price Prediction 2028
- LUNA Price Prediction 2029
- Terra (LUNA) Price Prediction 2030
- Terra (LUNA): Market Sentiment
- Buy Terra
Terra (LUNA): The Pragmatic Perspective
Moving away from today’s conventional cryptocurrencies before we start with Terra price prediction, let’s know a bit about the ecosystem. LUNA was launched in 2018 by Terraform Labs, owned by Do Kwon and Daniel Shin, which has brought about a change as a decentralized financial payment network that replaces the conventional payment stack on the blockchain. Terra ecosystem uses fiat-pegged stablecoins to power price-stable global payments systems.
The unique feature of Terra (LUNA) acts as a major catalyst in entirely removing the hurdle concerning token mining. In a manner, it promotes transparency by eliminating the mediators or permission. Hence, instead of the individual cryptocurrencies like Bitcoin, the native token of Terra, called LUNA, is more like a programmable asset that addresses speed, scalability, and accessibility issues. Let’s understand the Terra (LUNA) price prediction for the future.
|Price Change 24H||-5.52%|
|Price Change 7D||-7.09% |
|Circulating Supply||127,475,474 LUNA|
|All Time High||$119.18|
|All Time Low||$3.34 |
|Terra ROI||No Data|
Understanding of Terra 2.0 (LUNA)
After the original LUNA token was devalued in May 2022, it was renamed LUNC. Simultaneously, a new blockchain and its token were developed. Terra 2.0 emerged from Terra Classic and is a public blockchain protocol.
After a proposal on May 25 was passed, the idea for this new blockchain was accepted, which was launched on May 27. The LUNA token was distributed through the airdrop technique amongst UST holders, LUNC stakers, and LUNC holders. Also, this new blockchain and token are not pegged to any stablecoins, unlike the previous Terra ecosystem.
Terra 2.0 (LUNA) Token Distribution
After the old LUNA token price fell, a lot of work was done to bring the price back to normal. The CEO proposed to move ahead with a separate blockchain and token Terra 2.0. The earlier blockchain has been renamed Terra Classic, and its token will now be called LUNC.
Below is a small table on how the distribution of the new token has happened!
The Rise and Fall of Terra (LUNA)
Due to the sudden price crash, Terra (LUNA) rocked the headlines in May & many got wiped out in this crash. The UST got de-pegged heavily, and Terraform Labs liquidated all their 40K BTC holdings to stabilize the UST peg, which led to a massive crypto crash.
LUNA price and UST both corrected massively. UST lost its peg, and the new LUNA coins were minted, which impacted its price heavily. Also, a popular lending protocol, anchor witnessed huge ANC withdrawals as it offered a 20% yield on UST deposits.
After the enormous fall in LUNA’s price, most people had one question in mind, “Can Terra go back up?” or “Can Terra Ever Recover?”. The CEO of Terralabs, Do Kwon, proposed a revival plan for LUNA of forking the Terra Blockchain. The new blockchain has been created alongside a billion LUNA tokens, distributed among current LUNA and UST holders, and funds the development of new Terra apps. The new blockchain and the token launched in the last week of May.
The new blockchain has become Terra (LUNA), and the existing blockchain is rebranded as Terra Classic (LUNC). The existing blockchain continues to function, but its (Mint/Burn) function has stopped, and all the balances have remained as it is.
The new Cosmos chain is a little different from the previous one, and it does not have market modules, oracle, or treasury like the original chain. Terra’s stablecoin (KRT, UST, EUT) has become Terra Classic’s stablecoins (KRTC, USTC, EUTC). But the new Terra Chain has no such stablecoins.
The initial supply of the new token is 1,000,000,000, while the mint module will continue to release new tokens every block as staking rewards. The default rate is approximately 7% per annum.
Recent Terra (LUNA) Price Movements
- The price of Terra (LUNA) dropped when crypto prices fell in January 2022, correcting to $43.57 at the end of the month, but it rebounded with an upward trend to a new all-time high of $119.18 on April 05.
- On May 7, over $2 billion worth of UST tokens were unstaked, and hundreds of millions were immediately sold due to price volatility.
- The price of LUNA declined below $0.84 before leveling off above $1.10, dumping more than 90% as UST struggled to regain its $1 price peg on May 11, 2022.
- May 28 began the new journey for the new LUNA (Balancing Token), Terra 2.0’s native token.
- The launch price of the new token was around $7.9. The value went as high as $19 on the same day and closed at around $5.3.
- After that, the coin mostly trades in a downtrend.
Terra (LUNA): Technical Analysis
Currently, the price of Terra is around $2.16 with a market capitalization of $274,802,724, a circulating supply of 127,475,474.31 LUNA, and a 24-hour trading volume of $599,701,739. Due to the recent LUNA price crash, many traders and investors lost their trust, but still, many people think that the new blockchain will help Terra’s value recover soon.
On the chart, yesterday’s candle shows a decent rise in the price, but today’s candle is red, indicating a slight fear among the investors. However, the price stability is much better for the token as compared to its initial days in the market. Technical analysis as of now makes a little sense as Terra 2.0 is quite new in the crypto and blockchain industry.
LUNA, the native token of Terra 2.0, is currently trading above the upper band of Bollinger Bands, indicating that the uptrend may continue. The Relative Strength Index (RSI) is at 54, which shows neutral momentum, while the MACD is trading above the signal line with green histograms, indicating positive momentum.
The short-term outlook looks positive for the token, and this is also because the entire market has started to recover from the May crash. It is difficult as of now to predict anything for the long term. However, don’t consider this investment advice; do your own research before putting your money into any crypto.
Terra (LUNA) Price Prediction 2022-2030
The only relief factor about the current crypto market condition is that it has not done any discrimination regarding currencies. Most fiat money and cryptocurrencies have met the same unfortunate fate. However, cryptocurrencies recovered in a short span compared to other financial avenues. Many investors are still apprehending the clash of the remaining titans, considering whether it is really worth investing in cryptocurrencies, and are taking support of crypto predictions to ensure their money remains safe.
But the fate of Terra (LUNA) has seen the worst of all. The leading crypto exchanges had temporarily suspended withdrawals on LUNA, and the Terra blockchain temporarily halted to prevent governance attacks. After its immense price drop in the crypto market, the founder, Do Kwon, decided to revive the token.
|Daily||Sell (7)||Buy (3)||Sell (0)||Buy (2)|
|Weekly||No Data||No Data||No Data||No Data|
With his revival plan, he proposed a new hard fork to help sort this kind of design flaws in the ecosystem. The new blockchain has already been launched, and the older one is rebranded as Terra Classic (LUNC). However, it is still not clear if these steps will restore the LUNA ecosystem or not.
The token started trading at a value of around $4.8 and went as high as $19.54, which is also the ATH of this new token. Unfortunately, after hitting ATH, the Terra cryptocurrency faced a massive price crash of almost 99% within a day. The price continued to trade in an uptrend for 3 days, but it could not cross $10.7 again. The coin could not sustain the uptrend for even a week, and LUNA started trading in a downtrend soon after. Below is the Terra price prediction for the next few years!
|Year||Minimum Price||Maximum Price|
Terra (LUNA) Price Prediction 2022
Terra (LUNA) is trading under significant bearish pressure from the short-term perspective. However, our Terra (LUNA) coin prediction anticipates that the currency will recover moderately but remain at lower price levels in 2022. According to the current scenario for Terra prices, the coin might trade at a potential low of $2.32. Based on our Terra prediction, the price of LUNA might trade at the maximum level of $2.66.
LUNA Price Predictions for August 2022
Based on Terra’s performance over the last 2 months, it may have minimum and maximum prices of $1.7 and $1.9, respectively, in August. It may have an average price of $1.8 for the entire month.
Terra Price Prediction for September 2022
The month of September may see a further rise in the token’s price. The maximum and minimum prices may have reached $2.0 and $1.8, respectively. As per our prediction, the average trading price is expected to be $1.9.
LUNA Price Predictions for October 2022
While the token has been trading mostly in a downtrend and consolidation, the value might start to recover if the low prices attract investors. As per the price analysis and forecast, the coin may have an average price of $2.1. The maximum and minimum prices are anticipated to be $2.2 and $2.
Terra (LUNA) Price Forecast for November 2022
The rise in the price of Terra (LUNA) may further continue, and this month may expect a decent rise, unlike the other months. The coin is supposed to have a maximum price of $2.4 as per our analysis. At the same time, the minimum and average values may be around $2.2 and $2.3, respectively.
Terra (LUNA) Crypto Price Prediction December 2022
By the end of the year 2022, the token will have recovered significantly. As per our Terra price predictions, the maximum value of the coin might be around $2.66. Whereas we expect the token’s minimum and the average trading price to be $2.32 and $2.49, respectively.
LUNA Crypto Price Prediction 2023
Terra (LUNA) price prediction 2023 suggests the price levels between $2.53 and $2.97; Terra crypto may show some resistance. Still, it can’t be said with certainty about the price forecast of LUNA as to whether 2023 would help bring bullishness for this crypto LUNA.
There could be some significant changes in industry scenarios, market positions, economic overruns, policy restructuring, or any other reason for the coin to host its performance. According to Terra price prediction, the price of LUNA is expected to cross $2.9. By the end of 2023, Terra tokens are expected to reach a minimum price level of $2.53.
Terra Price Prediction 2024
There are signs that the LUNA might get traction in the upcoming years. And despite the Terra price crash, some community users still remain optimistic about the LUNA coin. Hence, the currency will attract much more attention. As per the LUNA 2.0 price prediction 2024, the coin may trade with average prices of $2.82 and a potential low of $2.34. The potential high of Terra might be around $3.30 in the same period.
LUNA Price Prediction 2025
After revolutionizing the entire global page of transactions, LUNA price embarks on the voyage of leaving a great footprint on this ecosystem as per our LUNA price forecasts. Some forecasts around Terra price in 2025 also highlight that LUNA price would ride the bull market by mid-2025; even it might reach a high of $4.18 after a long time. As per the Terra (LUNA) price prediction 2025, the LUNA token seems now racing to set a record affirming its position and showing stability.
LUNA Price Prediction 2026
According to the Terra price prediction for 2026, a bullish trend should drive the LUNA coin to continue to perform at a minimum of $3.11, making it a good investment for sure in the upcoming years. By 2026, the Terra price might hit the maximum price level of around $3.70, with an average price of $3.41.
LUNA Price Prediction 2027
As per our analysis, the token may have a maximum, minimum, and average price of around $5.45, $3.66, and $4.56, respectively. The price of LUNA is expected to continue growing but not at a very fast rate, according to our LUNA coin price prediction 2027.
LUNA Price Prediction 2028
As per the LUNA price predictions, the coin might have an average trading price of $6.23. At the same time, the token will trade between $5.57 to $6.89, where the minimum price is $5.57, and the potential high is $6.89.
LUNA Price Prediction 2029
According to our LUNA price forecast and technical analysis, the coin will continue the uptrend at a great rate for the year 2029. The potential high may trade around $8.22, while the potential low may be $7.48. The average trading value is forecasted to be $7.85 for the year.
Terra (LUNA) Price Prediction 2030
According to the LUNA price predictions, the expected Terra prices for 2030 may reach $8 during the year’s first half. The LUNA’s price will rise to the maximum price level of $9 and the minimum price of $8.43 in accordance with the Terra price prediction.
There are hopes that the crypto community holds for Terra, and it is undoubtedly an ideal ecosystem for the community to generate more such decentralized applications. Considering LUNA is a recent project and naïve in the community, it is up to the leadership team to give it the desired direction to optimize the goals set for the purpose of higher price. There are brighter horizons, but it all boils down to the fact that the entire digital currency industry for Bitcoin, Ethereum, etc., thrives.
Terra (LUNA): Market Sentiment
While the initial phase for Terra did not see much acceptability with the masses, it took time to build that trust and work towards it. Here are a few market analysts whose Terra price predictions indicate that LUNA has immense potential and encourages investors by giving glowing recommendations to buy or sell as below for this digital asset:
Based on our Terra (LUNA) price prediction, a long-term increase is expected; the price prognosis for 2027 is $263.9. With a 5-year investment, the revenue is expected to be around +7495.63%.
The experts of Digital Coin Price, based on their LUNA price forecast, anticipate the value might record considerable recovery this year. The price of LUNA/USD may trade around $4.77 by the end of 2022 and $7.51 by 2025.
Digital Coin Price
It seems that the price might reflect a recovery as per the Terra price prediction by analysts. It may easily sail around the $5.38 mark by the end of 2022.
Terra’s price may cross $0.00015849 if the market sees a good bull run in 2022. Based on the Terra (LUNA) coin price prediction, its average price for 2022 will be around $0.00014229.
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Will LUNA 2.0 Rise to its Former Glory?
The new LUNA coin has been trading in the market for just 2 months, and it is too early to predict anything about its long-term future in the crypto world. The token was launched on May 28, with an approximate launch price of $17. After peaking at $19.54 immediately after launch, the price has crashed by more than 90%.
The price action over the last 2 months has not been able to make investors very happy due to the bearish signal of trade. Having said that, it does not mean that LUNA 2.0 is bad crypto. With regular advancements and upgrades, LUNA may become the top choice of traders and investors, which will ultimately increase the token’s price.
Does Terra have a future?
Due to the recent crash in the cryptocurrency market, Do Kwon initiated a revival plan, and Terra Network has been reborn as per the majority voting. And still, users have trust in Terra for its potential, and it may probably regain some of its strength over time.
Will LUNA go up?
The maximum value of Terra (LUNA) might go to $2.9 by the first half of next year. The five-year plan projected by Terra forecast anticipates that the coin’s estimated value will easily reach the $5 mark. However, it would be best if you did your own research before investing your money in the cryptocurrency market.
Is it profitable to invest in Terra?
Our Terra (LUNA) price prediction projects that the LUNA coin might continue to trade at the lower price levels as of now. The average value of Terra might reach $2.49 in 2022, $2.75 in 2023, and $2.82 in 2024. In conclusion, Terra cryptocurrency might be a profitable investment in the future.
What will Terra be worth in five years?
In accordance with the Terra price prediction, the average price is estimated to trade around $4.56, with the maximum price hitting $5.45 and the expected minimum price going down by $3.66 in December 2027.
Where can I buy LUNA?
Users can buy Terra (LUNA) from supported cryptocurrency exchanges and trading platforms. Among the recent price fall in Terra (LUNA), some major crypto exchanges have delisted it. Currently, LUNA is listed on all exchanges like KuCoin, FTX, Huobi Global, Gemini, Bitfinex, Bittrex, etc.