Connect with us

Terra (LUNA)

Terra (LUNA) Price Prediction 2022 – 2025 -2030 | LUNA Price Forecast

Published

on

What is Terra?

Terra is a blockchain protocol that aims for price-stability and growth by combining and utilizing different aspects of fiat-pegged stablecoins and cryptocurrencies. It uses an elastic monetary policy to solve stability problems (which is enabled by mining incentives), and efficient fiscal policies and incentives to drive adoption.[1]

Terra believes that there is a demand for a decentralized, price-stable money protocol in both fiat and blockchain economies; and that if such a protocol succeeds, then it will have a significant impact as the best use case for cryptocurrencies.[1]

Advertisement

It is home to its own stablecoin UST (TerraUSD), which is planned to be interoperable with every major blockchain, starting with Ethereum and Solana. It is an algorithmic stablecoin designed for scalability and is yield-bearing through Anchor Protocol; offering saving experiences that they claim rivals traditional savings.[2]

LUNA is the native token of the platform, and is the topic of discussion for this article; specifically its price direction for the near and distant future. It has a couple of interesting use cases that will be covered in some detail, as well as its tokenomics, team and more.

LUNA Price Prediction 2021


Below we take a look at LUNA and examine some details and predictions to estimate a reasonable price for 2021, as well as for the upcoming years. It should be noted that while price predictions are based on data, and often are analyzed by AI, they should never be taken as financial advice nor be used as a solid basis for an investment, and neither should this article. It is always highly recommended users do their own research into the projects whose tokens they wish to invest in.

Advertisement

The whole crypto market is currently on the verge of a real bull run.

There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap.

Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run. As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Right now, Bitcoin is sucking the life out of altcoins but once it settles in the new price range, altcoins will start to pump – we have witnessed this scenario dozens of times in the distanced and more recent history.

Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. We expect whales and other bigger players in the market to take their profits around that time which will cause a typical and sudden crypto crash.

CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project.

Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will LUNA develop in the short-term (for the next 90 days), according to our prediction model:

Majority of experts agree that this bull run will be an extended one and could last the whole 2022. CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of 2022

Terra Price Prediction 2025 – 2030 – 2040 

Our prediction model sees LUNA reaching $ 390.18 in 2025.

What will Terra be worth in 5 years? 

The price of LUNA in 5 years could lie around $ 590.95, according to CaptainAltcoin’s prediction model.

What Terra will be worth in 2030?

Our forecasting model sees Terra reaching $780.368547412 in 2030.

Advertisement

What Terra will be worth in 2040?

Our forecasting model sees Terra reaching $1950.92136853 in 2040.

Will Terra replace / surpass / overtake Bitcoin?

No, Terra will not replace or overtake BTC.

Can Terra reach $100?

Yes, Terra could reach $100 by the end of 2022.

Advertisement

Can Terra reach $1000?

Yes, it is possible that Terra can reach $1000 but only in a distanced future, after 2030.

Is Terra worth buying?

We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Terra is worth buying.

Is Terra a good investment?

Terra is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.

Advertisement

How much will Terra be worth?

For the short-term future, it could reach $140.40721970481. In the long-term (8-10 years), it could jump to $780.368547412 or even higher.

Why will Terra succeed and go up in price?

Terra has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Terra rising up to $780.368547412 in 2030.

Why will Terra fail and drop in price?

Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.

Advertisement

Can Terra make you a millionaire?

Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Terra millionaire. But 10x price explosions are a common sight in crypto, so a $10k investment in Terra could make you a millionaire.

How high will Terra go?

Our forecasting model sees Terra price exploding and reaching $1950.92136853 in a distant future.

Fundamentals


Use Cases


LUNA has 3 primary use cases. It is on one hand a governance token that can be used for voting purposes[1], and more interestingly, it is the reserve asset for UST[2]. In order to mint 1 TerraUSD, $1 worth of the reserve asset (which in this case is LUNA) must be burned[2]

Advertisement

Lastly LUNA is used for mining rewards, who in the short term absorb Terra contraction costs, but in the mid to long term are rewarded with increased mining rewards.[1]

Tokenomics


According to data gathered from CoinMarketCap and Messari:

The total supply currently sits at around 990,000,000, without a max supply

Advertisement

Of that, ~406,000,000 are in circulation

And its inflation rate is currently at 6.26%

Some supplemental data:

Advertisement

Its market cap is currently around $11,460,000,000

Its fully diluted market cap is ~$27,000,000,000 

It is ranked at #16 on CoinMarketCap and at #2 for DeFi on Messari

Advertisement

The max supply of LUNA is currently not set, meaning that there is no cap as to how many tokens can exist. This can put it at the risk of additional inflation in the future since no ceiling exists that puts a limit on token mintage.

The data presented above can be subject to change, always visit the source for up-to-date information: Coinmarketcap – Messari

Team


According to CoinMarketCap: Terra was founded in January 2018 by Daniel Shin and Do Kwon. Together, they came up with the idea of a project that can drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability.

Advertisement

Kwon took on the position of CEO of Terraform Labs, the company behind Terra. Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON — a major South Korean e-commerce platform.

He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies. Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple.

The project has a sizable Twitter account that has over 100,000 followers at the time of writing. The account is very active in retweeting several relevant content every day, and it itself tweets about once per day. Their original tweets are often about the project itself, as well as about DeFi in general; with the occasional reply here and there. What the account doesn’t do is shill the token, promise gains, overhype the project… etc, which inspires some confidence and trust.

Advertisement

Besides their Twitter, the project also has a YouTube channel, which currently has over 5,000 subscribers and a total view count a little north of 190,000. At the time of writing, the channel hasn’t uploaded anything in over 3 months; and based on their uploads, they seemed to have aimed for a monthly schedule. The channel features content such as AMAs and intros, and their most watched video is a 3 minute explanation of how Terra works.

Lastly, as is common with most projects, they also have a Medium where they post articles and blogs. For more in-depth updates, followers of the project can tune in to read about the latest the project has to talk about.

In terms of brand image, the project uses abstract and futuristic visuals with white, gray, black and blue shades; and their tone of voice is quite bold based on how they express their claims on their website. 

Advertisement

News Source

Terra (LUNA)

Terra price analysis: LUNA breaks above $54. Is the position sustainable?

Published

on

  • Terra price analysis is bullish today as the coin has hit a record high.
  • The price is now touching the $57 level.
  • The previous ATH at $54 now turns into a support level for LUNA.

The Terra price analysis reveals the coin has broken through to a record high today, as the price broke above $54 and is now trading above $57. The LUNA/USD has been bullish for the last four days, as the coin has been on an upwards trend since then, gaining significant value, and today it rallied high, and another all-time high price is being observed.

LUNA/USD 1-day price chart: Bullish momentum takes LUNA to a $57 record high

The 1-day price chart for Terra price analysis shows that the coin raced high above the previous ATH of $54 as it is trading hands at $57.4 at the time of writing. The LUNA/USD pair reports an increase in value by 8.9 percent over the last 24 hours and also an increase in value by 36.2 percent over the course of the past seven days. The market cap has improved by 11.6 percent, and the trading volume has increased by 35.4 percent.

The volatility has been increasing for the crypto pair as the Bollinger bands started to expand yesterday, and the divergence continues today as well, with the upper band at $55.6 representing support for the LUNA/USD pair. The moving average (MA) is present at the $45.5 mark.

The LUNA/USD pair is nearing the overbought state as the relative strength index (RSI) continues to trade on an upwards curve at index 65. But the RSI still shows some more room for bullish activity.

Advertisement

Terra price analysis: Recent developments and further technical indications

The 4-hour Terra price analysis shows that the price breakout was downwards today, but after correcting for four hours, bulls took over the price function, and the price started oscillating fast upwards, breaking out to a record high of $57.4, but as the last candlestick on the 4-hour chart is red, so bulls might need some rest, before rallying further high, or maybe bears took over again.

Terra price analysis: LUNA breaks above $54. Is the position sustainable? 2
LUNA/USD 4-hour chart. Source: TradingView

The volatility on the 4-hour chart is quite high as the volatility indicator covers a larger area, with the price trading just below the upper limit of the indicator. The RSI continues to trade in the overbought zone on a straight line, indicating the weakness of buyers’ strength.

As the trend has been upwards for the past few days, the technical indicators for Terra price analysis are also supporting the bullish side, with 17 indicators showing buy signs and only one indicator showing a sell sign. The remaining eight technical indicators stand neutral and don’t show support for either side, out of a total of 26 technical indicators.

Terra price analysis conclusion

The Terra price analysis shows that the crypto pair is highly bullish at this moment in time, with the highest spike in price observed today. Prospects are brighter for LUNA as it broke out to a new all-time high today. However, cautious trading is advised beyond this point as the price is already at a quite higher level, and a correction may start any time, as the 4-hour price chart indicates as well.

Advertisement

News Source

Continue Reading

Terra

Is it about time Terra breaks its price downtrend and reignites rally

Published

on

After Bitcoin’s Black Friday crash, the entire market seemed to turn red barring some altcoins like Crypto.com coin and surprisingly, Terra (LUNA). In fact, LUNA was one of the only alts in the top 20 to see over 5% daily and 8% weekly gains. 

Layer-1 protocols like Avalanche (AVAX) and Terra (LUNA) have been able to record high year-to-date returns. LUNA’s yearly ROI v. USD, at the time of writing, stood at a staggering +11749.61%. However, the 14th ranked altcoin has closely followed BTC’s price movement since 16 November, post which, it registered close to 25% losses. 

LUNA making a return?

LUNA’s price made lower lows after its price fall on 16 November, even though AVAX’s trajectory gained momentum soon after. It seemed like LUNA was more affected by the larger market fall and followed Bitcoin’s price. In fact, its RSI too has been on a downtrend since 9 November. 

Advertisement

Source: TradingView

Since 26 November, however, LUNA started seeing minor gains as its RSI broke out of the downtrend it was in all through November. At the time of writing, the alt’s price had broken above the crucial $45.56-mark which has been an important resistance for LUNA. 

Keeping aside the recent price falls, LUNA’s macro-uptrend still remains intact. In fact, post-Terra’s Columbus-5 upgrade, LUNA’s price has maintained a decent trajectory, performing independently from the market. 

TerraUSD, Terra’s native stablecoin backed by LUNA, has also seen growth in its market cap over the last month. Its market cap rose from under $3 billion on 10 November to $7.17 billion, at the time of writing. 

Advertisement

Source: Messari

Here’s what’s missing

After hitting the $10 billion mark, Terra’s TVL began to decline over the last week, falling to $9.39 billion, down 6% from last week. This fall in its TVL could be indicative of the waning institutional interest as the alt’s price closely followed BTC’s price.

Source: Coin98Analytics

Furthermore, missing retail FOMO in Terra’s rally seemed to be a worrying trend. Notably, trade volumes have been pretty low and a macro downtrend in trade volumes since October could be seen. 

Nonetheless, the alt’s price seemed to finally break away from the downtrend as its funding rate saw an uptick. In fact, its Open Interest on the Perpetuals market saw an almost 4% increase.

Advertisement

A lack of both institutional and retail interest in the alt could be one reason behind its price falls, apart from the positive BTC correlation which the alt seemed to break at the time of writing. With the price trend for LUNA picking up pace, a move from the retail side can push the crypto to new ATHs.

News Source

Advertisement
Continue Reading

Terra (LUNA)

Terra price analysis: LUNA rises back to $42 recovering from the flash crash to $38

Published

on

  • Terra price analysis suggests upwards breakout from $44
  • The closest support level lies at $41.24
  • LUNA faces resistance at the $44.00 mark.

The Terra price analysis shows that LUNA has observed sharp volatility over the last 24 hours as the rejection at $44 caused it to crash to the $38.00 support level. However, the buyers bounced back from the level recovering to the $42.00 mark as LUNA appears to be making another attempt at the $44.00 resistance. 

The broader cryptocurrency market has observed a bearish market sentiment over the last 24-hours as most major cryptocurrencies record positive price movements. Major players include ETH and BTC recording a 10.01 and an 8.28 percent decline respectively.

Terra price analysis: Bulls dominate as the price approaches $44 

Terra price analysis: LUNA rises back to $42 recovering from the flash crash to $38 1
Technical indicators for LUNA/USDT by Tradingview

Across the technical indicators, the MACD is currently bullish as expressed in the green color of the histogram. However, the indicator shows low momentum as the histogram is small at press time. Furthermore, the indicator has observed four crossovers across the last four days suggesting a lack of a clear direction for the Terra price analysis. 

The EMAs are currently trading close to the mean position as Terra records little net movement across November. At press time, the 26-EMA is moving horizontally reflecting the oscillating price action over the past 2 days. On the other hand, the 12-EMA has reacted to the recent price movements reflecting the sudden crash and recovery and currently moves with an upwards slope. 

The RSI is currently neutral and trades close to the mean at 52.98 index marks suggesting a slight bullish bias to the price action. At press time, the indicator is moving upwards suggesting an increasing buying activity in the markets. The indicator has remained neutral for a long time suggesting that LUNA has observed little volatility across the mid-term charts. 

Advertisement

The Bollinger Bands are currently wide but show and continue to remain wide suggesting a period of high volatility for the Terra price action across the 4-hour price charts. Previously, the bands’ mean line presented a resistance level to the buyers at $41.00 but as LUNA climbed above the mark, the level now provides a support level to the bulls for further upward movements. 

Technical analysis for LUNA/USDT

Overall, the 4-hour Terra price analysis issues a sell signal with nine of the 26 major technical indicators showing support to the bears. On the other hand, eight of the indicators support the bulls suggesting that there is significant buying activity occurring in the markets. Meanwhile, the remaining nine indicators sit on the fence and issue no signals at the time of writing. 

The 24-hour Terra price analysis shares this sentiment and issues a sell signal with 10 indicators suggesting an upwards price movement against six indicators suggesting a downwards price movement. The analysis reaffirms the bearish dominance in the markets, the mid-term charts but suggests that the trend might be changing across the short-term as more technicals turn bullish. 

Advertisement

What to expect from the Terra price analysis?

Terra price analysis: LUNA rises back to $42 recovering from the flash crash to $38 2
4-hour price chart by Tradingview

The Terra price analysis shows that LUNA is currently stuck on a fragile balance of momentum towards either side as the price action observes sharp movement between $44 and the $38.00 mark over the last three days with no breakout in either direction. However, the high volatility shows that the buyers are active and not speculating suggesting that a rally may be initiated at any time. 

Currently, traders should expect the Terra price analysis to move upwards to challenge the $44.00 mark as the buyers continue to gather momentum. This suggestion is supported by the short-term technical indicators and while the mid-term technical analyses show support to the bears, the technicals are slowly starting to lean towards the bulls increasing the possibility of an upwards breakout to the $45.00 mark.

News Source

Advertisement
Continue Reading