Terra LUNA fell from $1.63 to $1.23 a couple of weeks back, falling by 25% within a day and by more than 50% since the collapse of the FTX exchange. This sudden price movement has left investors wondering about the future of LUNA, with many doubting the project’s potential.
While the current price trend shows the token is trying to cross the $1.27 barrier, experts still wonder if this coin will hold any value this year.
Terra LUNA: Peak & Crash
Terra LUNA flooded headlines earlier this May after it underwent a price crash that wiped out more than $40 billion of investors’ money. This crash was a result of the UST de-pegging against the US dollar, and the company liquidating 40,000 of their BTC holdings to stabilize the UST peg, leading to a massive crash that triggered an entire wave of downtrend across the crypto space.
To deal with the crash, Terra printed new coins called LUNA and named the previous coin LUNC or Terra Luna Classic. A new blockchain was created alongside one billion LUNA tokens, and the new LUNA tokens were distributed to the then LUNC and UST holders as well as to the development of the Terra ecosystem. In the same month, the new coin was launched as a revival plan forking the Terra blockchain.
LUNC now has a preposterous circulating supply of 6 trillion and trades at a fraction of a dollar. Unlike previously, when it was trading at a high of $119 before it crashed.
The new chain abandoned a few features found in the previous one such as oracles, market modules, or a treasury. Initially, one billion of these LUNA tokens were made available with a proposition to release more tokens as staking rewards over time. Currently, the supply is slightly more than its initial release.
LUNA Price History
Terra LUNA’s price has been at the watch of almost every eye in the industry for a long time and understanding the historical performance of the token can help understand how it may perform in the future.
In mid-July 2019, LUNA was tracing a price movement at around $1.29 and continued a mundane performance for pretty much the entire year. The coin then continued a downtrend until it found support at a $0.17 price level around mid-2020.
Early 2021 witnessed a huge spike in the token’s price before it made it into the news for showing a spectacular performance surging from $0.1 to $21.4 although July invited some corrections where the coin dipped to $5.95. By the end of the year, the token rose to $99.72 setting a 52-week high.
The current year has been particularly moving for the project since it set a $119 all-time high before plummeting down to a fraction of a dollar, giving rise to a market-wide crash.
LUNA- Technical Analysis
LUNA is currently trading at $1.25 with a market cap of close to $160 million and a daily trading volume of $21.5 million- down 18% over the last day. While the recent price decline has added to the disbelief in the project among investors, some are still optimistic about the project’s future.
The relative strength index (RSI) for the coin is currently at 45 which indicates a neutral momentum, while the MACD is trading above the signal line suggesting a buying signal for the token. On the other hand, the token is trading slightly below its 200-day trading average signaling a more conservative approach towards the coin.
In the short-term, the metrics for the coin look positive mostly as a result of recovery from the crash.
However, this shouldn’t be taken as investment advice and investors should perform their own due diligence before investing in a token.
Terra LUNA Price Predictions: 2022, 2023, 2025, 2030
Terra LUNA Price Prediction for 2022
The year is almost about to end and the LUNA token is trading at $1.25 currently. Given the daily price movement, it’s fair to assume that the coin will maintain this level and any significant gain in price, if it happens, will take place in the year to follow.
Terra LUNA Price Prediction for 2023
Given the recent trend of events, it’s tough to say for certain whether LUNA will show a bearish trend or display a bullish activity. Either Way, the coin is likely to display some uptrend, trading anywhere between $2.25 and $3.78 in 2023.
Terra LUNA Price Prediction for 2025
Investors expect a much more optimistic outlook for LUNA by 2025 as the token would’ve evolved with its ecosystem, supplemented by the crypto bull run projected to take place in 2024. If this plays out as planned, investors can be looking at LUNA crossing the $5 mark, setting a new record for itself. If not, then the token could trade at a minimum of $3.47.
Terra LUNA Price Prediction for 2030
LUNA price predictions place the token to reach $9 during the first half of 2030 while it could close the year at a maximum of $9.8. A minimum target of $6.43 is also expected for the token. These predictions are to be true if the project constantly garners community support, and creates a more reliable ecosystem- that’ll prevent any mishaps such as the crash of its cryptocurrency.
Terra LUNA Best Cryptocurrency To Invest in 2023?
While investors are considering adding Terra LUNA to their portfolio, many other cryptocurrencies could possibly offer exponential gains. Here are the ones we found to be the best.
GameFi tokens, particularly RobotEra, offer a good long-term investment opportunity and tend to fare better than other utility tokens during times of economic downturn. RobotEra also offers users several sources of income within the game, which is built around a metaverse that combines non-fungible tokens (NFTs), land ownership, and play-to-earn features.
Players of the game can earn resources and rewards in the form of TARO tokens through gameplay and social interactions. These tokens can be used for in-game purchases and provide users with governance rights. Additionally, the tokens can be staked for passive income on top of the rewards earned through gameplay.
As the crypto market is predicted to bounce back in 2023, some investors are speculating that RobotEra could potentially increase in value by 20X within a year. The token is currently in a presale phase, with investors able to purchase it for $0.02. This price will increase to $0.025 in phase 2 of the sale and $0.032 in phase 3. For RobotEra to make a 20X increase from its initial presale price, the token would need to reach a value of $0.4. However, if the token reaches this price in phase 3 of the presale, the increase would only be 12.5X. Now is the best time to invest in RobotEra.
Traders have often had difficulty accessing a complete crypto analytics tool, and while there are a few in the market, the fees are often too high. Dash 2 Trade aims to change that by offering a decentralized crypto analytics platform that uses its own cryptocurrency D2T, as the subscription fee. Developed by the team behind Learn 2 Trade, a leading forex crypto signals platform, Dash 2 Trade is set to begin trading on DEX and CEX platforms in January of 2023.
Dash 2 Trade offers a range of features designed to predict and evaluate the price movements in the crypto market, including social indicators, on-chain analytics, presale crypto scoring, risk profiling, and strategy building, among others. Investors will need to pay a set amount of Dash 2 Trade tokens to access these features.
The platform also includes independent indicators and social trading options. Dash 2 Trade has confirmed its listing on Changelly Pro, and other exchanges such as Bitmart, LBank, and Uniswap are expected to follow suit. D2T will be listed after the completion of the presale. So far, the project has raised more than $11.7 million and is approaching its target of $13.4 million.
Calvaria: Duels of Eternity is a play-to-earn (P2E) cryptocurrency game in which players collect and strategize with cards in the form of non-fungible tokens (NFTs) and compete against each other to earn rewards. These rewards are paid in RIA tokens, which grant users governance rights and can be used to buy NFTs or staked for passive income.
RIA tokens are currently available for purchase through a presale, during which the token has raised over 2.6 million USDT. Investors can purchase the tokens on the official website before the presale ends.
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