Will Terra Luna burn its supply?
The Terra recovery plan launched Luna 2.0, meaning a Luna burn was not chosen as the way to save Luna. It did, technically, have the same effect as a burn could in reducing the supply, although deciding to restart the chain was a more nuclear approach.
The proposal to remove 1.1 billion USTC tokens from communal pools and burn them was approved on May 27.
For now, the two coins will co-exist. Earlier May, 2022 the old Luna coin became practically worthless. The old Luna coin will now be renamed Luna Classic. So from now onwards the old Luna Coin will be marketed under the ticker LUNC.
Luna holders will receive about 35 per cent of all new tokens, 10 per cent will go to those who held UST before the collapse of the cryptocurrency, 25 per cent will go to traders who still own Luna and UST after the crash and 30 per cent will go to a pool of Luna investors.
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.
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.
It's still worth less than a penny. By the numbers alone, the surge of the original Luna token on Tuesday is eye-popping. The crypto affiliated with the TerraUSD stablecoin, which collapsed earlier this month, has soared over 4,500% in the past 24 hours, according to CoinDesk.
In accordance with the price forecasts presented above, the majority of experts suppose that LUNA may reach $1,000 approximately by 2028.
Luna, a not-so-stable stablecoin, was selling at around $118 just a month ago, but it is now virtually worthless. The crypto currency managed to erode the wealth of millions of investors, many of whom were from India. People frequently seek for other investing options, particularly during stock market downturns.
“Everyone wants to exit the new Luna as the founder Do Kwon has lost credibility among the community. Luna has no future. The founder didn't build firewalls around the algo even when they had an opportunity to do so.
Will Luna come back?
The price of LUNA 2.0 is primed for a 60% rally. This comes after its price breached the range that it crashed violently from in June. Now, it seems that buyers are attempting a comeback, which could result in a rally. LUNA's price set a swing high at around $2.79 on June 27 after it rose by 42%.
The LUNA 2.0 price prediction from Telegaon had it averaging $61.72 in 2025 and $185.38 in 2030, up from $21.43 in 2022. DigitalCoin was less bullish in its Terra 2.0 price prediction, estimating that the coin could average $3.35 in 2023, up from $3.03 in 2022, and average $4.58 in 2025.
There are fewer chances for Luna Classic to reach $1. The rapid decrease in the supply of luna classic coins will surely bring its price down. During writing of this article, the price of luna classic is approximately $ 0.0001072(in CoinMarketCap). With each passing day, the prices of luna are fluctuating.
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).
Wallet Investor – Luna to hit $71 by end of 2022
The cryptocurrency prediction website Wallet Investor is the most bullish on Luna price predictions. Wallet Investor predicts Luna to reach a price of $21 by July 1, then $27 by August 1, then $42 by September 1 and finally $71 by the end of December.
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.
When considering all the above factors, LUNA has good prospects as a good cryptocurrency investment both short term (2022) and long term (2030 and beyond). With these fundamentals in mind, below are our Terra (LUNA) price predictions from 2022 to 2030. Virtual currencies are highly volatile. Your capital is at risk.
| 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 |
LUNA 2.0 price has made a comeback from its recent slump and started a recovery overnight. Do Kwon could face civil penalties, fines from regulators and lawsuits, instead of prison time.
Luna's fall started when TerraUSD lost its peg to the US dollar. As the two token prices are linked Luna's price also plummeted. The near wipe out of TerraUSD and Terra (Luna) coins also cost many investors millions of dollars.
Can Terra reach 1000?
No, Terra (LUNA) probably will not reach $1000 at the end of 2025. This could be plausible only if demand for stablecoins on the Terra network grows very high.
Terra governance system passes plan to burn 1.3 billion UST tokens.
Terra has a supply of 1 billion tokens. If this number is exceeded, LUNA is burned until it returns to the equilibrium supply level. New LUNA tokens are minted through the protocol's algorithm, as needed, in order to maintain the price of Terra stablecoins.
The number of LUNA burned since the crypto collapsed in May 2022 made up less than 0.02 percent of the coin's circulating supply. This according to data from within the Terra blockchain, specifically an old address shared by LUNA CEO Do Kwon where users could send tokens to see them burned (permanently destroyed).
The governance vote on Terra's proposal 1747 to burn 1.388 billion UST stablecoins has passed. This will reduce UST's supply by roughly 11% of its total supply of 11.28 billion tokens, according to data from CoinMarketCap.
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.
Since the UST fiasco, the circulating supply of LUNA has steadily increased. This is primarily due to consumers exchanging their staked UST for the digital asset, causing its supply to skyrocket in such a short period of time.
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.
