Updated on January 25, 2023 9:25 AM
The native coin of Terra, a blockchain created by the Korean company Terraform Labs, is called LUNA. Through the private sale of LUNA coins, $32 million was raised to support this development. Investments were made from centralized sources including OKEx, Huobi, and Binance.
Entrepreneur and investor Daniel Shin, who created HOF, a fintech portfolio firm, and graduated from Philadelphia's Wharton School of Economics, was in charge of the founding team. 2019 saw the birth of LUNA, which briefly ranked among the top decentralized financial currencies. As of 1 June 2022, it has fallen to the 214th position since the most recent crash.
The Terra LUNA blockchain was built with the intention of producing stablecoins, tokens that combine the decentralized freedom of cryptocurrencies with the steadiness of fiat money. As a staking or protocol token, LUNA was a crucial component of this system.
To do this, the blockchain had set up a dual token system using the stablecoins TerraUSD (UST) and LUNA. Burning LUNA produced USTs, which could also be exchanged for LUNA.
Let's take a look at Terra LUNA's pricing predictions now.
The lowest price of Terra will be $2.98, based on the technical analysis of prices for 2023. The LUNA price might increase to a maximum of $3.65. Around $3.08 is predicted to be the typical trading price.
Crypto experts predict that the average LUNA pricing in January 2023 will be $2.21 based on Terra's price variations at the beginning of 2022. Expect $2.00 and $2.27 as their minimum and maximum pricing, respectively.
The LUNA price prediction for February 2023 will soon be made public by cryptocurrency specialists. During this month, the least trading cost might be $2.17 and the maximum could be $2.36. It is anticipated that Terra will typically be worth $2.27.
Crypto analysts have checked the price fluctuations of Terra in 2022 and in previous years, so the average LUNA rate they predict might be around $2.36 in March 2023. It can drop to $2.26 as a minimum. The maximum value might be $2.47.
The LUNA price will typically trade at $2.46 in the middle of 2022. Also possible is a rise in the price of the Terra to $2.59 in April 2023. In April 2023, it is anticipated that the price will not go below $2.35.
Due to their analysis of Terra prices in 2022, cryptocurrency specialists can now forecast the trading average for May 2023 at $2.53. Potentially, the lowest and highest LUNA charges are $2.43 and $2.71.
According to cryptocurrency specialists, the price of LUNA will reach about $2.61 by the end of the summer of 2022. The price of Terra might decrease to $2.50 or less in June 2023. The greatest value anticipated in June 2023 might be $2.84.
Cryptocurrency analysts believe that, after examining Terra pricing, the LUNA rate might rise as high as $2.94 in July 2023. However, it may fall to $2.56. The predicted average for Terra in July 2023 is over $2.66.
The Terra cost will trade at an average amount of $2.74 in the middle of fall 2022. According to cryptocurrency specialists, the price of LUNA in August 2023 may range between $2.64 and $3.08.
Market analysts predict that the Terra value won't go below a minimum of $2.72 in September 2023. This month, a $3.21 peak is the most anticipated. The average trade value is anticipated to be $2.82.
Experts in the field of cryptocurrencies have thoroughly examined the range of LUNA values from 2022 to 2023. They predict that in October 2023, Terra's market value will be at its highest, about $3.36, and at its lowest, around $2.80. The typical price in October 2023 will be $2.91.
The average LUNA pricing in November 2023 is predicted by crypto experts to be $2.97 based on Terra's price variations from the start of 2022. Expect it to cost $2.86 at the lowest end and $3.50 at the most.
The LUNA price prediction for December 2023 will soon be made public by cryptocurrency specialists. During this month, the least trading cost might be $2.98 and the maximum could be $3.65. It is anticipated that Terra will typically be worth roughly $3.08.
Also Read - How does Terra LUNA Work?
The minimum price of Terra is predicted to be roughly $4.45 in 2024 based on a review of past year's pricing. The maximum anticipated LUNA price is maybe $5.17. In 2024, the market price may be $4.57 on average.
According to technical research performed on Terra pricing by cryptocurrency specialists, LUNA is predicted to trade for between $6.92 and $7.89 at its minimum and highest values in 2025. The typical anticipated trading expense is $7.11.
The values of Terra and their movements over the last years have been evaluated by professionals in the world of cryptocurrencies. The lowest LUNA price is predicted to fall to $9.64 in 2026, while its highest price will be $12.10. The cost of trading will typically be around $9.93.
According to crypto specialists' research of Terra's expenses, the maximum and minimum LUNA prices in 2027 are predicted to be $16.89 and $13.93, respectively. It will often trade at $14.43.
Crypto professionals are always examining Terra's volatility. According to their forecasts, the typical LUNA price will be close to $20.96. During 2028, it may rise to a maximum of $24.16 from a minimum of $20.24.
Experts in cryptocurrencies prepare predictions for the price of Terra each year. In 2029, it is predicted that LUNA will trade between $29.12 and $35.31. Throughout the year, its average cost is anticipated to be about $30.16.
Analysts of cryptocurrencies are prepared to publish their predictions for the price of the Terra. The LUNA pricing cap of $50.62 will define the year 2030. However, it may decrease to around $43.48. Therefore, $44.69 is the anticipated average trading price.
Price predictions for Terra LUNA in this article were generated from Changelly This is not meant to be considered as investment advice; rather, it is just a great addition to our content.
The cryptocurrency was both one of the most well-known and in the top 10 largest by total market capitalization until the Terra Luna crypto meltdown. However, Terra Luna has lost more than 99.9% of its value since the disaster.
It's not difficult to envision Luna Classic re-entering the top 20 cryptocurrencies by market cap with more of the same. The optimistic argument in favor of a $1 Luna Classic in 2023 is null and void.
Luna 2.0 will entirely replace the current Luna, cutting all links to the defunct stablecoin. However, the outdated Luna won't fully vanish; rather, it will coexist with the upgraded Luna 2.0.