TERRA LUNA Price Prediction 2023, 2024, 2025: Will LUNA Classic Recover $1 In 2023?

The post TERRA LUNA Price Prediction 2023, 2024, 2025: Will LUNA Classic Recover $1 In 2023? appeared first on Coinpedia Fintech News

Terra LUNA Classic was amongst the most rapidly growing digital currencies of all time that swept the cryptocurrency market. The recent de-peg event called for a new Terra (LUNA), to the older one which is now Terra Classic (LUNC). Terra LUNA one-of-a-kind feature is a crucial motivator in eliminating the mining barrier.

LUNA, the native asset of the protocol, which is being used in mining and for administration. It has ushered in a revolution as a fully decentralized payment mechanism. That substitutes the traditional payment layer on the top of the blockchain. In some ways, it increases transparency by removing the need for intermediaries or authorization.

As a result, rather than distinct digital currencies, for instance, BTC. Terra’s native coin, LUNA, functions as a configurable asset that tackles performance, scalability, and availability challenges. However, after the series of disastrous events, investors still hold concerns over Terra 2.0 price. Is Terra LUNA dead? This write-up illustrates the feasible Terra luna price predictions for 2023 and the years to come!

Overview

Cryptocurrency	Terra
Token	LUNA
Price	$ 0.69050057 11.16%
Market cap	$ 397,023,458.9262
Circulating Supply	574,979,188.7796
Trading Volume	$ 841,774,136.6792
All-time high	$19.54 on 28th May 2022
All-time low	$0.3801 on 18th August 2023
24 High	$ 0.8893
24 Low	$ 0.5424

LUNA Price Prediction November 2023

The LUNA price has displayed massive price action this month as the price has added over 50% in its value within this month. Terra LUNA was seen trading in a consolidated range between $0.3901 and $0.4829 for a brief period, following which the market gained momentum and the price surged.

The MACD displays a rising green histogram in its chart, indicating an ongoing power and selling power for the coin. Further, the chart shows a rising average, suggesting the price to continue gaining value in the coming time.

If the bulls push the price above the resistance level of $0.7752, the price will regain momentum and make a run to test its upper resistance level of $0.8429. Further, if the market holds the price at that level ,it will further rise and test its resistance level of $0.900 this month.

On the contrary, if the bears overpowered the bulls, the price will lose momentum and fall to $0.6207 and if the price fails to hold that level, then the price will experience a further plunge to as low as $0.5462 in the coming week.

Terra LUNA Price Prediction 2023

Terra is still regarded as a  fast-growing ecosystem, and LUNA is a central notion in its network. LUNA could keep going up to a maximum price, as there is a massive market for Terra LUNA coins. With the need to sustain Terra token values balanced.

Since the price pump in January, market had recorded constant fall in its value, resulting in its price experiencing new yearly lows. Recently the market displayed a massive jump in its value by surging over 60% within the past month.

The highest Terra coin price that can be estimated is roughly $0.92. However, factors such as regulatory concerns could leave LUNA’s minimal cost at approximately $0.35. Conversely, constrained by a linear projection, the average price might land at $0.63.

Terra LUNA 2.0 Price Prediction 2023 – 2030

LUNA is a configurable asset that tackles performance, scalability, and availability concerns. The above factors will increase its luminance in the market, and the bulls may take over to propel its price to rise to new highs. Terra LUNA 2.0 price for 2023 could range from $0.35 to $0.92.

LUNA Classic Price Prediction 2024

After revamping the entire world network of payments. LUNA pricing could set out on a journey to leave a significant mark in this crypto industry. In such an optimistic case, the price of Terra LUNA could surge to its potential high of $1.25. 

On the flip side, an ebbing stance in the business, followed by negative criticism and falling volumes could sink the price down to $0.83. That said, a balance in buying and selling pressures could settle the price of the altcoin at $1.04.

LUNA Price Prediction 2025

If the network manages to regain the trust of the crypto community, with developments and community-building initiatives. The price of Terra coin price could hit its potential high of $1.68.

In contrast, failing to re-establish its prominence could slump the price down to $1.06. Successively, factoring in the maximum and minimum targets, the regular luna 2.0 price could settle at $1.37. 

LUNA 2.0 Price Prediction 2026

According to forecast prices and technical analysis, price of LUNA is projected to reach a minimum of $1.35 in 2026. The maximum price could hit $2.09, with an average Terra price around $1.72.

Terra Classic Price Prediction 2027

Looking forward to 2027, LUNA’s price is expected to reach a low of $1.99, with a high of $2.54 and an average forecast price of $2.26.

Terra LUNA Price Prediction 2028

In 2028, the price of a single Terra LUNA 2.0 is anticipated to reach a minimum of $2.31, with a maximum of $3.25 and an average price of $2.78.

LUNA Classic Price Prediction 2029

By 2029, price of LUNA is predicted to reach a minimum of $2.99, with the potential to hit a maximum of $3.86 and an average of $3.42.

LUNA Price Prediction 2030

In 2030, Terra 2.0 is predicted to touch its lowest price at $3.28, hitting a high of $4.59 and an average Terra price of $3.93.

Factors Affecting The Price Of Terra LUNA

• Governments: Regulations by the government and the Central Bank Digital Currencies (CBDCs) could impact the crypto industry greatly.
• Inflation of fiat currencies: Hyperinflation could drive people and governments towards Cryptocurrencies as an alternative.
• Supply and Demand: A spike in supply and demand can help surge the price of this coin to new highs.

What Does The Market Say?

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s Price Prediction

Terra’s goal is to build an international payment system with minimal rates and no constraints imposed by national frontiers. Terra is ideally positioned to capitalize on Defi’s prospects, and aims to be one of the premier defi blockchain systems for generations to follow. As defi progresses and real-world use instances get more prevalent.

With this LUNA is expected to reach a maximum of $0.92 by the end of the year with a low of $0.35. Calculating the bulls and bears power the price may end the year at an average of 0.63.

Fundamental Analysis 

Terra Luna was established in 2018 by Daniel Shin and Do Kwon. Who are the founders of Terraform labs, the firm that powers the Terra Luna environment. The product debut its mainnet and whitepaper in 2019. After securing $32m in financing from sponsors such as Binance Labs, OKX, and Huobi Capital. Terra relaunched as Terra 2.0 in the year 2022.

Terra Luna was developed on the Cosmos blockchain as it was the only means of transporting autonomous blockchain applications in the era. Its goal is to increase cryptocurrency acceptance by offering a variety of provincial fiat-based stablecoins (whose rates are publicized on-chain by oracles). And allowing instantaneous trades across them. 

This allows for low-cost cross-border and simple transactions removing the risk of people struggling financially due to the volatile nature of cryptocurrency. As a result, rather than distinct digital currencies, such as BTC, Terra’s native token acts as a programmed asset that tackles challenges such as scalability, effortless speed, and interoperability.

What Is LUNA?

The Terra system’s native digital asset, LUNA, is vital to building the stablecoin peg. It’s being used to transact these stablecoins at a concession or a premium, depending on whether demand is up or down. Terra is a decentralized cryptocurrency for fast and worldwide transactions.

Terra production grows or shrinks; as a result, putting its cost back with that of the fiat. In this ecosystem, Terra LUNA serves as a stabilizing token. If some Terra cryptocurrency values get “unhooked” from the fiat money they are tethered to, customers can swap their LUNA for Terra.

It was the second greatest technology in DeFi in terms of overall worth locked and the most staked token. Also, it is a transaction-focused finance platform that incorporates proof of stake consensus with smart contract functionalities. Furthermore, the growing adoption resulted in a favorable price reinforcement for LUNA.

LUNA Historic Market Sentiments 2022

• The new token’s starting price was roughly $7.9 on the 28th of May. The same day, the price peaked at as high as $19 before settling at about $5.3.
• The Terra price rose to $6.12 on the 30th of May, from where it kept rising to $9.02 on the same day. 
• The next day, on the 31st of May price, it attempted to bounce back but could not cross below $11.46. The price railed down to $8.02 on the 1st of June and closed the day at $6.03.
• The following weeks did not mark a great recovery as LUNA continued its bearish trend.

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[Source: Coinpedia]