Terra LUNA Price Prediction 2022-2031: Is LUNC A Good Investment?

LUNC and LUNA holders are lately dumping heavily, which is causing LUNA Classic (LUNC) to decline by 14% in the last 7 days. Crypto analysts remain bearish about the Terra coins, although a surge is expected. Buying LUNA and LUNC today might not be a good decision because a plunge might be awaiting in the next few hours or days. Let’s see how events affect this Terra LUNA price prediction.

Terra’s Luna Classic price started the second week of November on a bad foot. On November 8, the digital currency experienced a jaw-dropping 25% decline and counting. 

The bearish trend is persisting but bulls can reconquer the recent swing high at $0.0022073. In doing so, an additional uptrend move could occur targeting $0.00027000 liquidity levels. Such a move would result in a 50% increase from the current Luna classic price.

Some signs of recovery have made everyone watch closely: Terra LUNA price has made a spectacular comeback in the previous month 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.

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.

Today’s Terra Classic price is $0.000197 with a 24-hour trading volume of $6. Terra Classic is up 16.71% in the last 24 hours. The current CoinMarketCap ranking is #35, with a live market cap of $1,296,429,501 USD. It has a circulating supply of 6,593,145,982,816 LUNC coins and the max. supply is not available.

Also Read:

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. 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

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What is Terra (Luna)?

Terra Luna was an algorithmic blockchain configured to peg to the value of their fiat currency counterparts. An example was Terra USD 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 Price Prediction 2022-2031: Is LUNC A Good Investment? 1

Terra LUNA Overview

Terra 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 LUNA Classic History

The chart below by Coinmarketcap charts LUNA Classic 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 Classic 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 Price Prediction 2022-2031: Is LUNC A Good Investment? 2
Terra LUNA Price Prediction 2022-2031: Is LUNC A Good Investment? 3
  • Terra Luna Price Prediction 2022 – up to $0.00022780
  • Terra Luna Prediction 2025 – up to $0.0083897
  • Terra Luna Prediction 2028 – up to $0.003
  • Terra Luna Prediction 2031 – up to $0.008

Terra Luna Technical Analysis

Terra LUNA has been on a significant volatility since its historical crash in May that led to a collapse of the Terra’s ecosystem. Despite the recent turmoil of the Terra LUNA, the community looks optimistic as they expect a bounce back for the rebranded Terra Classic (LUNC) soon. Our Terra Luna Classic technical analysis aims to bring the current price sentiment and market trend of LUNC to guide investors in taking proper investment decisions.

Looking at the Terra LUNA Classic price developments in the chart, LUNC is building a strong bearish momentum and may witness more price dips in the upcoming days as the crypto market is currently witnessing one of the fastest and most impactful crashes in 2022 following the recent FTX’s native token FTT. LUNC token made a fake breakout and initiated a long bearish candle near the EMA-50 trend line. LUNC crypto ignited a fresh bearish candle on 5 November and dropped from a high of $0.00027 to a low of $0.00013 on 8 November.

Terra LUNA Price Prediction 2022-2031: Is LUNC A Good Investment? 4

According to CoinMarketCap, Terra Luna Classic is currently trading at $0.00019 with an uptrend of 7% after stabilizing in a support range of $0.00015. LUNC price has been building a short-term bullish momentum and may spark surges in the price graph soon as the RSI-14 indicator is making upward progress from a level of 33 to 36, heading towards a bullish consolidated zone. However, the collapse of the FTX token is getting piled up with several ongoing macroeconomic factors, including CPI data and interest rate hikes. It seems that the LUNC token may reach its short-term goal of the EMA-50 trend line at $0.00023 before making any further downtrend.

Terra LUNA Price Prediction 2022-2031: Is LUNC A Good Investment? 5

Moreover, our LUNC technical analysis reveals that the battle between two crypto exchange giants, Binance and FTX, may bring a death rally for LUNC coin price as most of the altcoins are witnessing a bearish rally. LUNC token is currently under significant selling pressure, which may plunge the digital asset to a dangerous zone of $0.00016. The MACD line is also trading in a range-bound area, hinting at an extended downtrend. The Bollinger bands are also widening in the price chart, forming a lower limit at $0.00015, a crucial support level which can push LUNC below $0.0001 if it breaks. Conversely, the upper limit of the Bollinger band is at $0.00026, above which LUNC can initiate a strong bull run by failing its bearish analysis.

Terra LUNA Price Prediction by Cryptopolitan

Terra LUNA Price Prediction 2022-2031: Is LUNC A Good Investment? 6
Year Minimum Average Maximum
2022 0.00020960 0.00021965 0.00022780
2023 0.00031986 0.00032864 0.00038503
2024 0.00047843 0.00049157 0.00054933
2025 0.00071791 0.00074249 0.00083897
2026 0.0008 0.0009 0.001
2027 0.001 0.0015 0.002
2028 0.0015 0.002 0.003
2029 0.002 0.003 0.004
2030 0.003 0.004 0.006
2031 0.006 0.007 0.008

Terra Luna Price Prediction 2022

Terra Luna’s price is predicted to attain a minimum price level of $0.00020960 by the end of 2022. The average trading price of LUNC is expected to be around $0.00021965, with a maximum price level of $0.00022780.

Terra Luna Price Prediction 2023

In 2023, it is expected that the price of Terra Luna will reach a maximum level of $0.00038503, with an average trading price of $0.0032864. Terra Luna’s price may go as low as $0.00031986.

Terra Luna Price Prediction 2024

Terra Luna may skyrocket in the near future and is anticipated to touch a maximum price of $0.00054933. According to our technical analysis, Terra Luna price might consolidate and record a low of $0.00047843, with an average trading price of $0.00049157.

Terra Luna Price Prediction 2025

In 2025, it is expected that the maximum price of 1 LUNC token will be equivalent to $0.0083897. The average trading price of Terra Luna is expected to be around $0.0074249 in 2025. Terra Luna’s price can touch the bottom at $0.00071791.

Terra Luna Price Prediction 2026

The Terra Luna Classic project and its fundamentals are overwhelming, which can bring a high of $0.001, with an average price of $0.0009. It is anticipated that Terra Luna’s price will trade at a minimum level of $0.0008.

Terra Luna Price Prediction 2027

Terra Luna may experience a bullish market trend and extend its bullish momentum as it is projected to touch a maximum price of $0.002, with an average trading price of $0.0015. Terra Luna may hit as low as $0.001 by the end of 2027.

Terra Luna Price Prediction 2028

In 2028, the price of Terra Luna is expected to reach a maximum price of $0.003, with an average trading price of $0.002. Our technical analysis reveals that Terra Luna may touch a minimum level of $0.0015.

Terra Luna Price Prediction 2029

Terra Luna’s price is anticipated to hit a maximum price of $0.004. The average price of Terra Luna is predicted to be $0.003, with a minimum price of $0.002.

Terra Luna Price Prediction 2030

In 2030, it is expected that the maximum price of Terra Luna will be around $0.006, with an average trading price of $0.004. Terra Luna may touch a minimum value of $0.003 if it retraces downward.

Terra Luna Price Prediction 2031

Terra Luna may bring a wave to portfolios as the crypto has bright promises ahead. The price of Terra Luna is projected to reach a maximum value of $0.008, with an average trading price of $0.007. The minimum trading price of Terra Luna is predicted to be $0.006 by the end of 2031.

Terra LUNA Price Prediction by Wallet Investor

According to Wallet Investor’s Terra Luna Classic price forecasts, the crypto coin can be a good investment if invested long-term. They predict that LUNC can go to a maximum price level of $0.00324 by the end of 2027. With a 5-year investment, the return on investment is predicted to be around +1528.14%. $100 investment may bring nearly $1628.14 in 2027.

Terra LUNA Price Prediction by DigitalCoin Price

DigitalCoinPrice is bullish on Terra Luna Classic as the token may touch extreme highs in its upcoming trading sessions. According to them, the LUNC token can attain a minimum price of $0.000295 by the end of 2022, with an average trading value of $0.000328. LUNC is poised to make a bullish comeback that may take LUNC to a maximum price of $0.000363. LUNC will continue to trade in a bullish range as they predicted a minimum price of $0.00105 in 2030, with an average trading price of $0.00109. LUNC may skyrocket and touch a price of $0.00114.

Terra Tokens LUNA Price Predictions By Coincodex

Terra price predictions by Coincodex expect a slow and steady upward momentum as LUNC can trade at a price of $0.000225 in 2023. The token may achieve a maximum price of $0.000499 in 2024 and $0.001106 in 2025, making it a great investment opportunity in the long term.

Terra LUNA Price Prediction by Market Influencers

The future potential and hype of the LUNA token have attracted a wide range of investors. The current fluctuation in LUNC’s price has forced crypto experts and strategists to give their opinions on Luna’s future price movement as the team is working on its burning mechanism to bring LUNC to a stabilized zone for the Terra community. A famous crypto analyst, Crypto University, predicted that LUNC might witness a massive pump next year as it can reach $10!!

LUNA CLASSIC PRICE PREDICTION – BILLIONAIRE PREDICTS $10 SOON! 🔔

Classy Crypto Youtube channel presenter anticipates Luna Classic to trade sideways this year. Long term, he expects the Luna burn initiative and staking value to pump Luna Classic to about $1 in one year.

Conclusion 

At the close of 2022, analysts anticipate that the price of the Terra Luna classic will peak at a level equal to $0.00017121. Observers anticipated that the value of Terra will continue to rise following the implemented 1.2% burn on all transactions; scarcity often causes prices to rise. Please be aware that there is risk associated with any investments. 

The birth of Terra hinted at the continuation of optimistic developments and consistent growth of the crypto space around the world. Through the integration of 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.

Terra Luna Classic possesses the exceptional potential to achieve new heights in terms of its pricing. Certain industry professionals and financial analysts predict that by the year 2031, the price of Terra will have reached an all-time high of $0.005.

The Terra Luna stable coin crash has left a scar on 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 Had I know.

If the teams succeed and make UST peg to USD, users who bought and hold UST now will be in massive profit but this might be risky because the team might not be able to peg UST to USD.



from Price Prediction – Cryptopolitan https://ift.tt/leI3g1V

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