LUNA News and Updates
Why did LUNA price drop dramatically?
Terra (LUNA) at a Glance
The Price Growth of Terra (LUNA)
Terra (LUNA) Price Prediction According to Experts
Terra (LUNA) Price Prediction in 2025 According to Experts
Terra (LUNA) Price Prediction in 2030 According to Experts
Is It Too Late to Buy LUNA in 2022?
LUNA is the native token of the Terra network, which recently had an increase of almost 70 percent. Cited from Coindesk, Staking Rewards data shows the price of the LUNA token has surged over the past week, making it the second-largest staking asset in the world, surpassing Ethereum (ETH), which has a staking value of 28 billion USD. So, is Terra (LUNA) a good investment in 2022? How do the experts predict the price of Terra (LUNA) in 2022? Keep reading to find out.
LUNA News and Updates
- LUNA has experienced a great plunge with a 96% price drop in the past 24 hours as of May 12, due to the UST price crash.
- According to the crash, Do Kwon, UST founder came up with a plan to save the destructive situation by absorbing the stablecoin supply as soon as possible.
- fxstreet reported that Solana price might be as well at risk following LUNA’s crash and decrease up to 66%.
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. BusinessToday analyst mentioned that the incident has caused strong shockwaves in the crypto market as it reveals the stablecoin’s disadvantage of relying directly on the supporting algorhim (unlike USDT and USDC which are supported by fiat money). Therefore, the collapse caused investors to sell off LUNA resulting in the most decline on the record.
- Looking back at the beginning of 2022, LUNA price rose dramatically because of high UST demand on Anchor protocol raising 20% APY. However, due to economic uncertainty, this particular stablecoin model might not be the most stable option at the moment. Although LPG has invested in Bitcoin as the supporting fund, it doesn’t really help when facing the actual issue.
Terra (LUNA) at a Glance
Terra (LUNA) is a blockchain protocol that uses stablecoin assets valued at fiat currencies to support a global payment system.
Unlike other stablecoins, Terra combines price stability and greater adoption of fiat currencies with the censorship of Bitcoin (BTC) while offering fast and affordable transaction processing.
Daniel Shin and Do Kwon founded Terra (LUNA) in January 2018. Although still relatively new, Terra has established several partnership relationships with various payment platforms, especially in the Asia-Pacific region.
In 2019, Terra announced its partnership with Chai, a South Korea-based mobile payment app.
LUNA has a stockpile of 1 billion tokens. If this number is exceeded, LUNA tokens will be burned until they return to the equilibrium supply level. After that, new LUNA tokens are minted through the protocol algorithm with the required amount to maintain the price of the Terra stablecoin.
The Price Growth of Terra (LUNA)
Below is the Terra (LUNA) price movement from 2019 to 2021.
Terra (LUNA) Price From 2019-2020
LUNA was first made available for investors to purchase in private token sales on some major exchanges. The sale ended in August 2018, and Terra managed to raise 32 million USD.
A year later, on August 2, 2019, the price of Terra (LUNA) was USD 1.34. Then the price on August 14 experienced a spike to touch the figure of 1.40 USD.
However, this increase was followed by a decrease. Until the end of 2019, the price of LUNA was valued at 0.26 USD.
In 2020, Terra Protocol’s DeFi and stablecoin projects launched LUNA’s market cap to 200 million USD.
The Highest Terra (LUNA) Price in 2021
In May 2021, LUNA’s price slumped about 81 percent of its market value due to a massive sell-off. However, LUNA managed to make a position reversal in early December 2021.
LUNA broke the all-time high (ATH) at 77.14 USD on December 5, 2021. Coingecko data shows Terra experienced an increase of more than 50 thousand percent from the all-time low price (ATL) at 0.1 USD on March 18, 2020.
LUNA’s skyrocketing prices managed to overtake the two greatest meme coin assets, namely Shiba Inu and Dogecoin.
Terra (LUNA) again showed an extraordinary performance a few weeks later. The price of LUNA hiked up to record an all-time high (ATH) of all time at 102.73 USD on December 27, 2021.
Again, this price increase made Terra (LUNA) immediately rise past Avalanche (AVAX), Polkadot (DOT), and Dogecoin (DOGE).
At the time of writing, as of March 2022, the current price of Terra (LUNA) to USD was around 89.57 USD, occupying the seventh position as the world’s most extensive crypto lineup by market capitalization.
The DeFi Llama platform reported that Terra’s total lock-in value (TVL) in December 2021 was 19.32 billion USD, an increase of nearly 36,250 percent from January 1, 2021, TVL, which was only a figure of 53.15 million USD.
Terra (LUNA) Price Prediction According to Experts
LUNA has become one of the most popular crypto assets in the past months. This crypto asset has returned more than 60 percent of investors’ profits.
LUNA is already fundamentally bullish, and if the price closes at 100 USD, it will likely see new highs.
Many crypto experts find Terra (LUNA) as a very attractive cryptocurrency because Terra (LUNA) has great potential and ambition as a medium of exchange and payment. Another reason, Terra (LUNA) has entered the top 10 leading cryptocurrencies by market cap.
WalletInvestor‘s prediction states that the value of LUNA in 2023 may gradually decline after an upward trend in 2022. Still, from the same source, the forecast of LUNA prices in mid-2022 could touch 170 USD.
While the predictions from the other experts say that LUNA can pass the average price level of 130 USD in 2022, the minimum projected value of the token trading price could be 131.15 USD at the end of this year.
Terra (LUNA) Price Prediction in 2025 According to Experts
If Terra Luna can still survive, the prediction price of Terra (LUNA) of 2025 according to DigitalCoinPrice, will increase by over 105.05 USD. Furthermore, Gov.Capital predicted that LUNA price will be at 753 USD by the end of 2025.
However, CoinPriceForcast anticipated that Terra has the potencial to rise to 200 USD. On the other hand, Technewsleader’s forecast has pessimistically predicted that LUNA price will at 0.032 USD. In addition, by the end of 2025, LUNA price could reach a maximum possible level of 0.063 USD with the average forecast price of 0.055 USD, as predicted by Priceprediction.
Terra (LUNA) Price Prediction in 2030 According to Experts
If Terra Luna can survive until 2030, Priceprediction forecasted that LUNA price will be on the average of 0.30 USD at the beginning of 2030, and will gradually increase to 0.38 USD. While CoinPriceForcast’s analysts believe that LUNA price will strengthen up and rise to 380 USD.
On the other hand, Coinmonks has a very extreme price prediction; they expect LUNA price to reach 3,849 USD on average by the end of 2030.
Is It Too Late to Buy LUNA in 2022?
Since a low of 0.12 USD on March 18, 2020, LUNA has been one of the best performing cryptocurrencies in the last two years, increasing almost 76,130 percent. Moreover, in March 2022, LUNA was in the 7th position as the leading crypto asset based on market capitalization.
However, there is always unexpected risk in investing. LUNA coin crashed drastically due to the UST crash. Therefore, investors must motinor the maket and do the research cautiously before making the decision.
