LUNA Crashed below $4, To Fall below $3?: Terra Luna Price Prediction

LUNA Crashed below $4, To Fall below $3?: Terra Luna Price Prediction
Terra Luna Price Prediction: $LUNA fellow below $5 as trading volumes crashed again. The current outlook is Partially Positive

Terra Luna Price Prediction 2022 : $3.99

Terra Luna Price Prediction 2023 : $6.68

Terra Luna Price Prediction 2025 : $12.97

Terra Luna Price Prediction 2030 : $58.02

Topics covered: Recent performance, Is Terra Luna a good investment, Reasons why it will rise in price, Price Predictions for 2022,2023,2025 and 2030. Price prediction for today.

Luna Price in USD

  • Media reports suggest that Terra could launch a new DAO Infrastructure
Last 5 DaysLast 1 Month
$LUNA-21.5%+57.6%
$LUNC+9.9%+229.3%
$ETH-17.0%-24.1%

Terra Luna Price Prediction for 2022, 2023,2025

Terra Luna Price Prediction 2022$3.99
Terra Luna Price Prediction 2023$6.68
Terra Luna Price Prediction 2025$12.97
Terra Luna Price Prediction 2030$58.02

Read about Luna Classic Price Prediction here

Read about Wrapped luna Price Prediction $Wluna here

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Is Terra Coin a Good Investment?

Luna underwent one of the most brutal crashes in the history of cryptocurrency. Due to the crash of Luna, the entire crypto market experienced a blood bath. The Terra Luna coin lost 100% of its value and was rebranded as Luna Classic and the new coin Luna 2.0 was launched as a replacement for Luna 1.0.

The Luna 2.0 has the potential as the coin was able to reach an all-time high price of $19.54 on May 28, 2022, but due to unstable market conditions, it crashed and started trading lower.

Now is it all right to Consider Luna a Good Investment?

Luna, one of the cryptos from the house of Terra can only be a good investment if the investors start to invest in it and hold it for a longer period. After the disaster, most of the investors lost confidence in Terra developers. The investors will look for a quick profit from Luna instead of holding the crypto for a longer period.

One of the main problems for Luna is that the ecosystem of Luna has not expanded. If we look at the ecosystem of other cryptocurrencies, there is a continuous effort to expand the ecosystem. Even Shiba Inu which was launched as a meme coin has ventured into multiple developments to increase the trust of the investors. However, for Luna, there has been no development in its ecosystem. Luna was solely dependent on its stable currency and it did help Luna’s Price to surge but with the USTC, Luna’s stablecoin losing its peg value, the entire ecosystem of Luna collapsed. Luna is also somewhat responsible for the current condition of the crypto market.

Therefore, considering several factors, Luna may not be a good long-term investment but if someone is looking for a short-term gain, Luna can be preferred.

Terra Luna Price Prediction 2022: Aggregated Forecast

Terra Luna is expected to rise 17% higher to $5.14 during this year. This is likely on the basis of broader macroeconomic recovery.

Will Luna Coin Price go up? 4 Reasons why Terra Luna will go up

  • In 2016, Ethereum which had just forked from ETC, fell 50% in just 5 months. Eventually, ETH doubled in price within a year. So while a 50% fall of Terra Coin sounds scary, it has happened before with ETH and ETH is now a respected Blockchain
  • The Price of Luna 2.0 is just $3 making it easy to own and trade. Often, very expensive Cryptos make it difficult to own and trade. A large number of coins were held to make it easy to trade or invest.
  • Terra is still in its initial days of recovery, eventually, the crypto will enhance its capabilities and deliver value to customers and businesses

Will Luna’s Crypto Price go up? 3 Reasons why Terra Luna will not go up

  • The original reason for the failure of $LUNA was poor planning and execution, unlike ETC which was a security breach, something that every big company may have encountered at least once. This does not give investors the confidence that Terra Coin will be managed well going forward.
  • Negative news around Terra continues to be reported every day suggesting that everything is not on board with respect to the cryptocurrency
  • When Terra was originally launched in 2018, the competition was far lesser and that allowed Terra to be a major player in early 2022. It is unclear how Terra will compete in such a competitive landscape with such a small size and adoption rate. Ethereum for example had a free run for 1-2 years to course correct and gain share.

Overall recommendation: There are many options in the market today with less uncertainty. It does not make sense to have $LUNA beyond say 5% of your Crypto portfolio.

Luna Price Prediction: Today’s Outlook

Indicator
Overall OutlookPartially Positive
1. Market’s WisdomPartially Positive
1a. Market DataHigher
1b. Technical RecommendationNeutral
2. Crowd’s Wisdom Neutral
2a. Crowd’s BuzzLower
2b. Social Media SentimentHigher

Terra Luna Prediction: Market Cap and Volume data

ValueTrend
Market Cap Rank#87Higher
Volume$753 M Higher

Terra Luna Price Prediction: Social Media Sentiments

Net Sentiment $LUNA
Last 7 Days+13.7%
Last 24 Hours+24.2%
TrendHigher

What are the Factors Affecting the Price of Luna?

The price of Luna like all other cryptocurrencies is influenced by multiple factors. Geopolitical events have been one of the major factors influencing the price of cryptocurrencies. Any event from around the world, especially in the countries where cryptos are widely accepted has led crypto to either crash or surge. Currently, the Russia-Ukraine war is a major influencer and due to the war, the market has been trading lower for over 6 months now.

Other factors that play an important role in determining the price of cryptos are:

Crypto News

Crypto news from around the world has affected the price of Luna widely. Any good news about cryptos like its adoption, or increased interest of the investors has led to a surge in the price of Luna. At the same time any news regarding the ban of crypto in any country, and regulation against cryptocurrencies have led to a price crash. Added to it, Luna’s price is also affected by the action of its developers. Any negative move from its developers has increased the fear of crashes.

Non-crypto News

Non-crypto news has also played a very important role in the price movement of the price of cryptocurrencies. In early this year, Russia attacked Ukraine, this event turned out to be a Waterloo for Cryptocurrencies. The market started to crash since then and there has been almost no recovery. Along with it recently US Fed hiked the interest rate, and this hike in interest rate led to the crash of the crypto market.

Read Ethereum Price Prediction here

Luna Coin Price: Latest Tweets

Terra Luna Price Prediction: Luna’s Journey in 2022

In March 2022, Luna now Luna Classic was the best-performing cryptocurrency. When all the major cryptos were trading lower, Luna was one crypto that was surging. In the first week of March Luna after losing big in the first two months surged over 80% and the price of Luna reached over $90. The price surge continued and Luna was at over $100 by the end of March 2022.

LUNA has managed to displace all the other cryptocurrencies which were its competitor. In the month of April, the price of Luna fell below $100 but it was still one of the best-performing cryptocurrencies for the year. Starting at over $100 the price of Luna was slightly below $80 when the month ended.

May 2022 was the month when things changed for Luna and the overall crypto market. It started with Luna’s stablecoin UST losing its peg and the event that followed was something that none could have predicted. Luna on May 1st was over $80 and on May 12th, 2022, the price of Luna fell below $0.01. Most of the exchanges suspended the trading of Luna and there was a bloodbath in the crypto market with investors losing millions of dollars.

The developers of Luna then decided to convert the old Luna to Luna classic and new crypto was launched under the name of Luna 2.0 or simply Luna.

On May 28th Luna 2.0 went live. The opening price was close to $19 and by the end of the day, the price was below $5. Terra Luna managed to close the month close to $9.

It is now 3 months since Luna 2.0 has been launched. Here is the performance of Luna 2.0 or Luna in the last 3 months:

June 2022: The parent company Terra has almost lost the trust of the investors. Terra Luna since its launch has not been able to gain much. At the start of the month of June, Terra Luna’s price was close to $9. But by the 10th of the month, the price was close to $3. Luna’s price further sank and by the end of June, it was on the verge of crashing below $2.

July 2022: July has also been similar for Terra Luna. By the mid of July, Luna was already below $2, and ut seem as if Luna 2.0 was going to meet the fate of Luna 1.0. However, Luna managed to keep itself at over $1.5 and ended the month at over $1.80.

August 2022: August has been slightly better for Luna initially. The price of Luna was once again over $2 but in the last few days, Luna has once again crashed and the price is once again below $2. However, Luna has managed to keep itself at over $1.5.

Terra Luna Price Prediction: Some Facts

  • Terra was founded in January 2018 by Daniel Shin and Do Kwon. 
  • The Terraform Labs had two native tokens, Terra Luna and the stablecoin UST.
  • Terra network works on proof-of-stake consensus algorithm based on Tendermint.
  • After the collapse of both UST and Terra 1.0, Terra Luna 2.0 was launched in place of Luna 1.0 and the Luna 1.0 was converted to Luna Classic.
  • Terra (LUNA) has a supply of 1 billion tokens.
  • Of 1 billion tokens, this is how it has been distributed:
    • 8% of the tokens for the Developer mining program.
    • 1.5% for the Developer alignment program.
    • 0.5 has been reserved for the Emergency allocation to app developers.
    • 20% has been added to the Community Pool
    • 10% is for the Pre-attack UST holders and the other 10% if for the Post-attack LUNA holders.
    • 15% have been reserved for Post-attack UST holders.
  • The current circulation supply of Terra Luna is 127,475,474.31 while the total max supply of Luna is 1,004,262,701.

Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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