Terra Luna Classic (LUNC) Price Prediction 2023 – 2032
Among the cryptocurrencies that have done pretty well in the past 7 days of December include Terra (LUNA) and LUNA Classic (LUNC). However, another trouble seems to be brewing on the horizon:
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.
We’ve already warned you about the Terra Luna massive crash months before it happened after sounding off the community on what’s happening to UST. Look before you leap is a good strategy, or better yet, do NOT presume anything about cryptocurrencies but proceed with caution, intelligently.
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 $0.000163 with a 24-hour trading volume of $99,688,453. Terra Classic is down 2.36% in the last 24 hours. The current CoinMarketCap ranking is #40, with a live market cap of $977,122,590. It has a circulating supply of 6,007,120,207,145 LUNC coins and the max. supply is not available.
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.
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
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.
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 does not seem to surge anytime soon in the price chart, as it has become range-bound in the last few weeks. However, the LUNA token kicks off this week on a positive note as its rebranded LUNC token gains over $100 million in transactions in trading volume due to investors’ interest in investing in the altcoin market. Moreover, the Terra LUNA token registered an increase of over 40% in the last few days and seeks to expand its bullish momentum further.
However, Binance‘s audit reports still remain a concern in the altcoin market with increasing bankruptcy filings, resulting in extreme selling pressure in the LUNA price chart. However, bulls are backing the token to push it to new highs in the upcoming session and overcome its current market hurdles. Hence, our Terra LUNA price prediction aims to bring you an in-depth technical analysis using technical indicators to identify the current market trend and help you guide through a profitable investment plan.
According to CoinMarketCap, the current price of the LUNA token trades at $1.54, with an uptrend of nearly 12.5% from yesterday’s performance. Our LUNA crypto technical analysis reveals that this digital asset may soon climb above its immediate resistance level and flash strong bullish signals to new highs. Looking at the daily price chart, LUNA struggles to hold its price above the EMA-50 trend line at $1.5 as the bearish sentiments in the market put a barrier in the LUNA price graph. LUNA price analysis shows a recovery market trend, which means that the asset is currently moving on an upward trajectory following the November 2022 market crash brought about by FTX’s demise.
The LUNA market has been experiencing slight volatility recently, with prices fluctuating between $1.2 and $1.6 over the past month. LUNA token trades near an extreme fear zone at $1.5, which was caused by FTX’s bankruptcy, creating an uncertain situation for investors. LUNA has recently broken its prolonged consolidation range upward at $1.3 and is expected to extend its current bullish momentum to the 31.8% Fib retracement in the upcoming days. The Balance of Power (BoP) indicator trades in a negative region at 0.52, which may push the LUNA token to retest its support near $1.35.
The bulls of the LUNA token aim to set a 20% upward rally, challenging December’s high. The popular indicator RSI-14 trades in a bullish zone at 61, which may act as a catalyst in sending the LUNA token upward above the 23.6% Fib retracement by the end of the month. Moreover, the MACD line continues to form a climbing pattern above the signal line, signifying a buying pressure in the LUNA price chart. The SMA-14 looks bullish as it trades near the 0.23 Fib level at the level of 45, which may soon spark fresh surges in the LUNA price chat. If LUNA breaks above its EMA-50 trend line, it may ignite a clear uptrend to its Bollinger band’s upper limit of $1.98, above which it may make an attempt to break its crucial resistance of EMA-200 at $2.55. Conversely, a bearish reversal is expected if the LUNA token drops below the critical support level of $1.2; below this price level, LUNA may accelerate a quick collapse as it can trade near its Bollinger band’s lower limit of $0.74. If LUNA’s price fails to hold above $0.8, it may gear up for a death rally and trade near $0.5.
Terra Luna Price Prediction By Cryptopolitan
Terra Luna Price Prediction 2023
Our Terra Luna price prediction for 2023 expects a maximum trading price of $2.26 with an average trading price of almost $2.01. Terra Luna might retrace downward with a minimum price of $1.96 by the end of 2023.
Terra Luna Price Prediction 2024
LUNA promises a quick recovery ahead with robust changes within the network. Terra Luna’s price prediction for 2024 predicts that the token will extend its bullish momentum and likely achieve a maximum price level of $3.35. After that, LUNA crypto might record a low of $2.66, with an average trading price of $2.76.
Terra Luna Price Prediction 2025
Our Terra Luna price prediction for 2025 anticipates a minimum value of $4.19 and a maximum value of $4.62. In addition, our Terra Luna price forecast for 2025 predicts an average trading price of $4.33.
Terra Luna Price Prediction 2026
Terra Luna may rise by a great ROI in 2026 and bring immense bullish hopes to its long-term holders. Our Terra Luna price prediction for 2026 expects a maximum trading price of $7.38 with an average trading price of $6.17. Terra Luna may trade at a minimum value of $6.
Terra Luna Price Prediction 2027
The altcoin market may soon initiate a bull run and bring golden times to investors with the end of its current turmoil, as it is building potential for a bull market and is expected to skyrocket in the next few years. Our Terra Luna price prediction for 2027 suggests it may touch a maximum trading price of $10.26. Terra Luna may trade at an average price of $9.14 with a minimum value of $8.89.
Terra Luna Price Prediction 2028
Our Terra Luna price prediction for 2028 states that it may touch a maximum value of $14.99 and an average trading value of $13.15. The minimum value for the LUNA cryptocurrency is predicted to hit $12.69.
Terra Luna Price Prediction 2029
In the upcoming years, Terra Luna may onboard great crypto firms to its network and push its LUNA token to the North. Our Terra Luna price prediction for 2029 expects a maximum price for this token to be $22.46 and a minimum price of $18.77. LUNA crypto may reach an average value of $19.29.
Terra Luna Price Predictions 2030
Depending upon the future market sentiment and developments from the response of the crypto community, LUNA coin can see a maximum price level of $32.84 with an average trading price of $27.49. However, Terra Luna is projected to hit the bottom level at $26.72 by the end of 2030.
Terra Luna (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 reach a maximum level of $45.53, with an average trading price of $38.43. The minimum trading price of LUNA is predicted to be $37.05 by the end of 2031.
Terra Luna Coin Price Prediction 2032
Terra Luna’s price is forecasted to reach a minimum level of $55.95 in 2032. As per our prediction, the LUNA price could reach a maximum value of $64.83 with an average forecast price of $57.49.
Terra Luna Price Prediction By Wallet Investor
According to Wallet Investor’s Terra price forecast, the LUNA token is poised to devalue in the future as it loses the market’s attention and hype after its sudden crash in May 2022. The website predicts an average trading price of $0.0826 with a minimum price of $0.0413 and a maximum value of $0.124 in 2024.
Terra Price Predictions By Digital Coin Price
Digital Coin Price’s states that the price of LUNA is expected to surpass the level of $3.30 in 2024. By the end of the year, Terra is expected to reach a minimum price of $3.22. In addition, the LUNA token price is capable of attaining a maximum level of $3.92. In 2030, LUNA is forecasted to trade above the level of $15.09. By the end of the year, Terra is expected to reach a minimum value of $14.87. In addition, the LUNA price may register a maximum level of $15.14.
Terra Luna Price Prediction By Trading Beasts
Trading Beasts predicts that the Terra price may reach $2.05616 by the beginning of February 2023. The expected maximum price for the LUNA token is $2.57020, with a minimum price of $1.74773. The Terra LUNA may touch $2.05616 by the end of the month. LUNA token is expected to grow steadily in 2025 as the website predicts an average trading price of $3.74052, with a minimum price of $3.17944 and a maximum price of $4.67565.
Terra Luna Price Prediction By Market Sentiments
As the altcoin market is projected to grow by billions of dollars in the next few years, investors and traders have switched their attention to the altcoin king LUNA token with the hope of a great return in the future. With overwhelming Terra LUNA classic price prediction, Terra may soon rule the altcoin market. However, the current market situations create confusion among investors with a blurry future. Hence, several crypto experts, including Michael Van De Poppe, have posted their predictions regarding LUNA’s future price points. A popular crypto analyst, Crypto University, predicts that LUNC’s price will surge by 6x this year and make investors a millionaire.
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 gain 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.
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.
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 losses.
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