What is happening with Luna coin?
With LUNA losing 99.9 per cent of its value, Terraform Labs (the company behind Terra) laid out a plan to sell their entire Bitcoin reserves to bring back the peg to $1, which they eventually failed to do. As a result, it wiped over $40 billion out of the crypto market.
DigitalCoinPrice – Luna won't break $10 before 2023
The DigitalCoinPrice website is showing a Luna price prediction of $9.33 by 2023. This is much more bearish than Wallet Investor and would suggest a 44% price increase from current levels. The website has a long-term price prediction for Luna of $34 by 2031.
Ultimately, the supply of Luna spiked, and its price plummeted. With more and more people dumping the Terra coin, the balancing mechanism stopped and both the coins—Terra and Luna crashed.
Our Terra (Luna) price prediction forecast projects that the LUNA coin might continue to trade at the lower price levels as of now. The average price of Terra might reach $4.0 in 2022, $5.0 in 2023, and $5.5 in 2024. In conclusion, Terra cryptocurrency might be a profitable investment in the future.
Why did LUNA price drop dramatically? LUNA price sharply decreased because UST, Terra's stable coin, collapsed to lower than 1 USD resulting in the investors' sell-off. The reason behind UST crash is the US dollar depreciated on May 9, 2022.
However, some market experts believe that Terra LUNA could be a buy now even after the crash, as the volume of the LUNA token remains impressive. Analysts say that LUNA would certainly take some time to recover from this erosion, making Terra likely a good buy now.
In accordance with the price forecasts presented above, the majority of experts suppose that LUNA may reach $1,000 approximately by 2028.
LUNA price shows an opportunity and two ways how traders can profit from it. Investors can expect the altcoin to reverse and trigger its recovery rally to $3.5 or higher. A daily candlestick close below $1.69 will invalidate the bullish thesis for Terra.
Backers of Terra voted to revive the failed cryptocurrency Luna last week but with one big change. Luna is back without the element that caused the steep fall of the cryptocurrency two weeks ago - its stablecoin, UST.
Luna Burn's Address
According to the explorer, only 0.016 percent of the total supply had been burned as of June 2nd, when holders burned 1.05 billion Luna in 3760 transactions. As of now, 1.18 Billion Luna Burned had been consumed. Of course, this has no meaningful effect on the price.
Does LUNA still have a future?
Luna has no future. The founder didn't build firewalls around the algo even when they had an opportunity to do so. That's why they have lost credibility. Building the new Luna within the existing community will not make any sense now.
For the longer term, algorithm-based website WalletInvestor's LUNA crypto price prediction expected the token to trade at an average price of over $52 by the end of 2022. WalletInvestor's LUNA price prediction for 2025 expected the token to rise to an average price of about $159 by the end of 2025.
LUNA's bearish market price prediction for 2022 is $1.85.
Terra (LUNA) is one of the most active cryptocurrencies that took the crypto world by storm this year. After its market implosion, it was rebranded to Terra Luna 2.0 while the old Terra Luna is now called Terra Luna Classic (LUNC).
| Characteristic | Price in U.S. dollars |
|---|---|
| May 2022 | 0.13 |
| Apr 2022 | 85,059.87 |
| Mar 2022 | 106,102.17 |
| Feb 2022 | 72,642.8 |
| Year | Mid-Year | Year-End |
|---|---|---|
| 2027 | $296.40 | $318.63 |
| 2028 | $340.69 | $311.76 |
| 2029 | $325.16 | $343.45 |
| 2030 | $361.63 | $379.71 |
According to the technical analysis of Solana prices expected in 2022, the minimum cost of Solana will be $59.08. The maximum level that the SOL price can reach is $68.27. The average trading price is expected around $61.46.
Terra investors across the world lost billions of dollars when the algorithmic-stablecoin project crashed but it appears that Terra Classic [LUNC], a token of the Terra ecosystem, is making a comeback.
For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. LUNA has to trade at $0.005 per token to reach market capitalisation before the crash.
LUNA could drop to an average of $0.000170 in 2026 and rise to $0.000439 by 2030.
Terra investors across the world lost billions of dollars when the algorithmic-stablecoin project crashed but it appears that Terra Classic [LUNC], a token of the Terra ecosystem, is making a comeback.
Will Luna go to $1?
Based on our LUNA price predictions, we expect it to hit the following prices within the year. LUNA price prediction end of 2022: With the LUNA Foundation Guard working hard to restore confidence in the Terra ecosystem, LUNA has the potential to hit $1 in 2022.
