Can Terra Luna reach $100 again? Prediction Analysis

If you are looking to read about Luna Classic Price Prediction, click here

---

Luna 2.0 Price Today

Terra Luna Price Past Performance

Last 7 Days	+52.3%
Last 1 Month	+90.6%
Last 12 Months	-3.9%

Terra Luna 2.0 price has almost doubled in the last 30 days. What are the Signals and Predictions?

During the Bitcoin price correction, LUNA dropped and was rejected below $0.8. However, after the recovery, LUNA surged and broke above $1.0. For LUNA the overall market sentiment is bullish and despite the current pullback, LUNA is expected to follow the broader market sentiment which is bullish once again.

For LUNA, the immediate support is at $1.20 while on the upside, it faces resistance at $1.40. If the positive trend persists, LUNA could breach above $1.4 this week and then clear $1.50 which is our next target for LUNA. Overall, the outlook surrounding the LUNA is bullish and the trade recommendation is to buy.

Influencers Price Target:

• benjaminxbt: $2.5
• TradeSimplest: $2.5
• TehLamboXcharts: $2.5
• Halcyon_0x: $3
• EricCryptoman: $5
• jaredmev_eth: $7
• JavonTM1: $9.12

I have small holdings of PRIME tokens. I have 10000 Pepe coins and some PIXEL coins in my portfolio. Check out my CrowdWisdom360 Portfolio here

Here are the short-term price targets

• Terra Luna 2.0 Price Prediction in the next 24 hours is between $0.565 and $0.616
• Terra Luna 2.0 Price Prediction this week is between $0.549 and $0.646

Terra Luna 2.0: Buy or Sell Crowd Poll [New]

Net Buy Rating = Buy% – Sell%

• March 26th: +25%

Here are the aggregated long-term price targets

• Terra Luna 2.0 Price Prediction 2024 is $1.08
• Terra Luna 2.0 Price Prediction 2025 is $1.69
• Terra Luna 2.0 Price Prediction 2026 is $2.46
• Terra Luna 2.0 Price Prediction 2027 is $3.16
• Terra Luna 2.0 Price Prediction 2028 is $4.47
• Terra Luna 2.0 Price Prediction 2029 is $6.45
• Terra Luna 2.0 Price Prediction 2030 is $9.41

Can Terra Luna reach $100 again?

To reach $100, Terra Luna must rise by nearly 79 times and reach a market cap of $68.7 Billion. In theory, if Terra Luna were to rise 25% every year, it would take it 20 years to reach that level. None of these estimates are unrealistic in the sense that many Tokens have achieved this growth at a much faster pace.

However, one must consider some practical barriers

• Many Tokens pumped quickly to high Market Caps due to a favorable liquidity environment. It is unclear when such an environment will appear again
• After the decimation of the original Terra Luna, there isn’t too much of an active ecosystem left in Terra Luna 2.0. While there is chatter of revival, it is too early to make a call that a revival plan is in place

Therefore, at the moment, we are not optimistic that Terra Luna will reach $100 again. That said, should there be significant activity on boosting the ecosystem, one should consider these forecasts more seriously.

Is Terra Luna 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.

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 a 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 Luna 1.0 was converted to Luna Classic.

Terra Luna Use Cases

The following are the primary use cases of LUNA tokens: Terra Luna holders can participate in the governance of the platform via voting mechanisms. LUNA is used for operating the collateralizing mechanism to secure the price stability of the stablecoins. Terra can also be used to make payments at supermarkets and gas stations in countries like South Korea and Mongolia. LUNA can be used to pay the transaction fee on the Terra network.

Is Terra Luna Version 2.0 reviving?

Still, there are numerous challenges. Unlike Terra Classic where an aggressive community is pushing the Token higher despite numerous setbacks from the outset, little action is visible on Terra Luna. While TVL is rising, it is very tiny compared to others and even Terra Luna itself in May. There is little to differentiate Terra Luna 2.0 from other blockchains. There is little evidence that this will change anytime soon.

For the latest Crypto and Stock Predictions and News, Follow Us on Twitter

Read about

• Luna Classic Price Prediction
• Ethereum Price Prediction here

Note: Please consult a registered investment advisor to guide you on your financial decisions.