The Terra network’s native token, LUNA, has lately seen a slump of 97% in its value. It wasn’t always like this. LUNA was once the world’s largest staking coin. It even surpassed Ethereum which was around $28 billion. But things are different today. How is this going to affect Terra LUNA price prediction 2030? Read on.
So, in 2022, after the terra luna crash what do analysts think the price of Terra (LUNA) will be 2022, depending on the current price? Is the coin still a good investment as a great bargain?
To begin talking about these things, look at Terra’s current market price data to see where it ranks in the cryptocurrency market. We will track Terra’s price history and talk about Terra LUNA price prediction 2030.
Terra Luna Price History
To understand Terra LUNA price prediction 2030, we must understand the coin’s price movement.
When we look at how LUNA has fared since its inception in 2019, we observe a pattern similar to many other stablecoins that have just entered the market. Its pricing was initially rather modest, but it escalated in 2021.
LUNA’s first big price gain occurred in early 2021, and the asset saw a greater increase in the months leading up to April.
LUNA fell at the beginning of summer and established a pattern, but these record lows were still better than the stock’s values before 2021. But there’s plenty to talk about: LUNA progressively increased toward the end of summer 2021, and before we noticed it, it had skyrocketed higher. After it, there was a period of high fluctuation.
Aside from looking at Terra’s LUNA’s historical price behavior, it’s also important to understand the elements that influence its pricing. We may use this knowledge to create our LUNA price estimates and choose whether or not to buy Terra.
The Bitcoin price and the state of the cryptocurrency world are the most obvious factors to examine. Terra’s performance in 2021 illustrates that when the market returned higher (mostly owing to BTC), Terra did as well. Given Bitcoin’s 40% market dominance, this is predictable.
Terra’s main concern, aside from that, is stablecoins. Because of the explosion of DeFi services in 2021, stablecoins picked up steam. Terra’s stablecoin network has demonstrated that it can be a dominant player in the crypto space.
Current Price According to Coinmarketcap
As of now, Terra is trading at $0.0001274 as per Coinmarketcap’s sales data. Sadly, it isn’t very important. Now that the worst is over, it’s reasonable to question if LUNA is a solid cryptocurrency to purchase and how far it may go.
Going back to Terra’s origins of 2022, the LUNA rate exploded due to heavy UST interest on the Anchor protocol, resulting in a 20 percent APY increase. Yet, considering the current state of the world economy, this stablecoin model may not be the most stable alternative.
LUNA has increased about 76,130 percent since its low of 0.12 USD on March 18, 2020, making it one of the best-performing altcoins in the last 24 months.
On May 9, 2022, Terra (LUNA) made international headlines after its stable currency, UST, dropped its peg for the second time in a couple of days. This was alarming.
Terra’s Price Prediction for the Rest of 2022
Terra (LUNA) is a cryptocurrency that many cryptocurrency experts consider very appealing because it has a lot of promise and ambition for trade and transaction. Another reason is that Terra (LUNA) has climbed into the top ten most valuable currencies by market capitalization.
As per the short-term Terra LUNA price forecast, LUNA/USD will break through the $150.00 barrier for the first time in 2022. LUNA is predicted to rise to a new high of $158.11, but a low of $33.76 is still conceivable. Terra LUNA will be worth $134.09 by 2022, with a long-term average of $129.31.
Following an increasing trend in 2022, WalletInvestor predicts that the value of LUNA will progressively drop in 2023.
Let’s now look at the Terra LUNA price prediction 2030.
Terra’s Price Prediction in 2030
According to our long-term Terra price forecast, Terra is expected to hit $1 by the end of 2022, $3 by 2023, and even $5 by 2025. By 2030, Terra is anticipated to be worth at least $10.
Here’s a peek at what other crypto experts think.
Coin Price Forecast
If Terra Luna can live until 2030, price prediction predicts that the LUNA price will equal 0.30 USD at the start of 2030, eventually rising to $0.38. While researchers at CoinPriceForcast expect that the LUNA value will improve and reach $380.
Coinmonks, on the other side, has a rather insane price projection for LUNA, predicting that the price would average 3,849 USD by the end of 2030.
LUNA is expected to reach a peak of $142.7 in 2022, according to Coinpedia. Coinpedia’s Terra LUNA price prediction 2030 is that LUNA will trade at around $498.26 in five years.
According to the Forecast System, Terra LUNA price prediction 2030 is more about the stable movement. Terra’s price is expected to rise by 31% in the short future, reaching $143.05 from $108.96. Over the next month, the algorithm predicts a +10 percent increase from $108.96 to $119.78.
Terra’s Coin Supply – A Balanced Approach
LUNA has a total of 1 billion coins on hand. If this figure is crossed to the market trades, LUNA tokens will be burnt until the available balance is restored. The protocol algorithm then generates new LUNA tokens in the needed number to keep the Terra stablecoin’s price stable.
The stats about Terra LUNA price prediction 2030 inform us that Terra will recover, but there is always the possibility of unanticipated danger when investing. Due to the UST meltdown, the value of the LUNA coin plummeted dramatically. As a result, before selecting an investment means, investors must monitor the market and conduct thorough research.