Terra (LUNA) price prediction: Is there a chance for LUNA to return to its all-time high?

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As a crypto investor with some experience under my belt, I’ve seen Terra (LUNA) go through its fair share of ups and downs. The events leading up to its collapse in 2022 were undeniably disheartening, but as we approach mid-2024, the coin still holds some potential for growth.

On May 13, 2022, the value of Terra (LUNA), a prominent cryptocurrency, dropped by 100% as a result of its algorithmic stablecoin TerraUSD (UST) failing to maintain its connection to the US dollar.

As a researcher looking into the events surrounding the Terra blockchain in that particular year, I discovered that towards the end of the month, developers carried out a significant update. They reintroduced the Terra blockchain and released a new token with an initial supply of one billion coins. The previous token was then renamed LUNC, while the freshly launched token kept its original name, LUNA. After its relaunch, the new token was priced roughly at $19. However, it experienced a dramatic decrease in value and is now trading nearly 98% lower than its initial price.

On July 2, 2024, Terra LUNA was priced at $0.405 in crypto markets, making it the cryptocurrency with the 164th largest market capitalization.

The LUNA future looks uncertain. What is the Terra LUNA forecast for the coming years?

Table of Contents

What is Terra LUNA

As an analyst, I’d describe Terra as a decentralized blockchain platform specializing in the development of algorithmic stablecoins, which deviate from conventional stablecoins due to their lack of reliance on fiat reserves. The value of these algorithmic coins is regulated through intricate smart contracts, with the primary connection to the US dollar maintained predominantly by advanced algorithms.

Using sophisticated algorithms, stablecoins keep tabs on the value of their base assets, typically fiat currencies, and ensure price consistency by adhering to a predetermined set of guidelines or automated procedures.

Luna functions as the native token in Terra’s system, allowing users to participate in platform management and staking. This process contributes to minimizing price fluctuations within the protocol. By depositing Luna with validators on the blockchain, users effectively lower their transaction costs.

Terra crypto news

After Terra’s collapse, trust in it within the crypto community has waned.

In September 2022, a Seoul court approved an arrest warrant for Do Kwon, the CEO of Terraform Labs, accusing him of breaching South Korea’s capital markets regulations.

In February 2023, I identified the U.S. Securities and Exchange Commission’s (SEC) accusation against Terraform Labs and its CEO Do Kwon, who I believe orchestrated a multi-billion dollar securities fraud scheme. In April 2024, following a trial, both Do Kwon and Terraform Labs were found guilty of these charges according to the court’s decision.

I managed to elude authorities for quite some time in Montenegro as a crypto investor on the run, but eventually got caught and was taken into custody. The process of sending me back to South Korea to face charges is still under consideration.

As a bankruptcy analyst looking back at events in 2024, I’d recount it this way: In January, Terraform Labs (TFL) made the filing for Chapter 11 bankruptcy protection under U.S. law. Following that, in June, TFL reached an agreement with the Securities and Exchange Commission (SEC) to pay a $4.47 billion penalty. Subsequently, on June 12, Chris Amani, now CEO of Terraform Labs, appealed to the Terra community, encouraging them to seize control over the blockchain as TFL was in the process of discontinuing its operations.

Given these events, what is the forecast for LUNA? Will the coin recover?

Terra (LUNA) price prediction: short-term outlook

Based on CoinCodex’s forecast for Terra’s short-term price trend, LUNA‘s value may surge by approximately 225% to reach around $1.346497 by August 2, 2024. The overall prediction leans towards neutrality, with an equal number of technical indicators suggesting bullish and bearish trends.

Terra LUNA price prediction 2024-2025 

As a financial analyst, I would interpret Wallet Investor’s prediction as follows: Based on their analysis, LUNA could reach a maximum price of $30.186 by the close of 2024. However, there is a possibility that the price may decline significantly and reach a minimum of $0.0652 by the end of 2025.

Based on DigitalCoinPrice’s forecast for LUNA, industry professionals believe Terra will exceed the $0.94 threshold by the year-end. Prior to hitting $0.94, there’s a possibility it may surpass its past record high of $19.54. As we move towards 2025, there is enthusiasm that Terra could break through the $1.11 barrier and stabilize near $1.06. The estimated minimum price range lies between $0.92 and $1.11.

As a crypto investor, I’m following the market closely and have taken note of Tim Draper’s bullish stance on Terra. Regardless of its current value fluctuations, he remains confident that it could hit the $1.11 mark by the close of 2025 or at the beginning of 2026.

As a researcher studying the cryptocurrency market, I’ve come across the prediction made by CoinCodex that Terra’s price could fluctuate between $0.433037 and $2.02 by the year 2025. This forecast implies a possible gain of approximately 369.34% from the current price if LUNA manages to touch its upper price limit.

LUNA price prediction 2030

Based on DigitalCoinPrice’s predictions, Terra’s price may hit $3.17 by early 2030. Likewise, Luna has the potential to reach the same price level by the end of that year.

Based on the forecast from CoinCodex for Terra’s cryptocurrency (LUNA), it is projected that its value will fall between $1.06 and $1.73 by the year 2030.

FAQs

Is Terra (LUNA) a good investment?

Considering the optimistic price predictions for Terra (LUNA) by analysts, investing in this cryptocurrency may seem attractive. They anticipate notable price increases in both the short term and long term, indicating promising growth prospects.

Will LUNA coin price go up or down?

As a crypto investor, I’m keeping an eye on the conflicting predictions for LUNA‘s future price movements. Wallet Investor anticipates that we might reach a peak by the end of 2024 and then witness a decline. On the other hand, DigitalCoinPrice and CoinCodex propose continuous growth, with DigitalCoinPrice suggesting potential expansion until 2025 and CoinCodex predicting an upward trend that lasts up to 2030. It’s important to remember that short-term market fluctuations and dynamics can significantly impact LUNA’s price movements, so staying informed and adaptable is key.

Should I invest in LUNA crypto?

As a crypto investor, I would advise that the decision to invest in LUNA cryptocurrency depends on my own risk tolerance and investment goals. Regardless of whether I’m contemplating buying or staying on the sidelines, it’s essential to carefully consider the potential risks before making a move.

Can Terra LUNA reach $1?

Yes, LUNA has the potential to reach $1, as indicated by various forecasts for 2025 and beyond.

How high can LUNA go?

Different forecasts exist, predicting anything from substantial gains by 2025 to maximum values in the distant future, such as $3.17 in 2030 based on DigitalCoinPrice’s analysis. These upper limits suggest possible growth areas but also emphasize the uncertain and speculative aspect of investing in cryptocurrencies.

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2024-07-03 18:20