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

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

Terra (LUNA) was amongst the most rapidly growing digital currencies 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	$ 0.39764670 -1.81%
Market cap	$ 144,789,096.4660
Circulating Supply	364,114,916.2946
Trading Volume	$ 14,606,566.6008
All-time high	–
All-time low	–
24 High	$ 0.4060
24 Low	$ 0.3878

Terra LUNA Price Chart

Here is the LUNAUSDT Price Chart, which you can rely on to identify any fluctuation.

Notably, over the past 24 hours, LUNA witnessed a -1.81% change, hitting a peak of  $ 0.4060 and a low of  $ 0.3878.

Terra 2.0 Technical Analysis

1. LUNA price is trading within a falling wedge and testing the upper resistance, trying to breach through the upper resistance of the channel.
2. the RSI is maintaining an ascending trend and is expected to trigger a rebound after testing the lower trend line, which may offer a bullish push to surpass the crucial resistance.
3. Besides, the ADX continues to be a matter of concern as it is heading towards the south, which may lower the strength of the rally, compelling it to maintain a consolidated trend.
4. Additionally, the 21-Day EMA is offering a base which may trigger a bullish rebound, if broken, the price may plunge and visit the lower support of $0.4941 in the coming days.

Terra LUNA Price Prediction 2023 Q3

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. With this Terra LUNA coin price is expected to reach a high of $0.64.

On the contrary, if the coin fails to gain trust of the investors and falls in the Bearish trap, then it may lose its value in the market. Further more the rising regulations may also effect the price which may further lead the price to go as low as $0.32.

Terra LUNA Price Prediction 2023 Q4

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.

The highest LUNA 2.0 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.

Terra 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 LUNA 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, Terra’s price is projected to reach a minimum of $1.35 in 2026. The maximum price could hit $2.09, with an average trading price around $1.72.

Terra 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.

Terra LUNA 2.0 Price Prediction 2029

By 2029, LUNA’s price 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 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.

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 LUNA 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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