Story Highlights
- The live price of LUNA token is $ 1.02733765.
- LUNA price might hit a maximum of $2.67 by the end of 2024.
- Terra LUNA 2.0 price with a potential surge could go as high as $10.38 by the end of 2030.
Terra LUNA Classic was amongst the most rapidly growing digital currencies of all time that swept the cryptocurrency market. The recent de-peg event called for a new Terra (LUNA) to the older one which is now Terra Classic (LUNC). Terra LUNA, a one-of-a-kind feature is a crucial motivator in eliminating the mining barrier.
LUNA is the native asset of the protocol, which is applied in mining and administration. It has ushered in a revolution as a fully decentralized payment mechanism. That substitutes the traditional payment layer on the top of the blockchain. In some ways, it increases transparency by removing the need for intermediaries or authorization.
However, after the series of disastrous events, investors still hold concerns over Terra 2.0 price. Is Terra LUNA dead? This write-up illustrates the feasible Terra Luna price predictions for 2024 and the years to come!
Table of contents
Overview
| Cryptocurrency | Terra |
| Token | LUNA |
| Price | $ 1.02733765
-2.67% |
| Market cap | $ 703,784,684.8315 |
| Circulating Supply | 685,056,838.9485 |
| Trading Volume | $ 72,419,231.4941 |
| All-time high | $19.54 on 28th May 2022 |
| All-time low | $0.3801 on 18th August 2023 |
| 24 High | $ 1.0910 |
| 24 Low | $ 1.0104 |
Terra LUNA Price Prediction March 2024
The LUNA token displayed a neutral trend by trading in a closed range between $0.6350 and $0.7764 for a brief period. As the volatility in the market increased, the Terra bulls successfully regained momentum and broke out of the resistance level. However, the rally was short-lived as the price faced rejection at the resistance level of $0.8831, after which the price traded sideways for a while.
Following this, the bulls regained momentum and recorded a significant jump of 72.74% in valuation, after which the price faced rejection at the resistance level of $1.4034. After this, the token experienced a trend reversal in the chart, resulting in it experiencing a correction of approximately 26%. Since then, the price has been trading in a closed range between $1.0405 and $1.2140.
The Moving Average Convergence Divergence (MACD) displays a constant red histogram, indicating a strong bearish influence in the crypto space. Further, the averages show a descending pattern, suggesting a negative price action for this altcoin in the coming days.
If the market pushes the price above its key resistance level of $1.0405, the bulls will regain momentum and prepare to test its upper resistance level of $1.403 in the upcoming weeks. Conversely, if the bears overpowered the bulls, the LUNA price will lose momentum and fall to test its lower support level of $0.7764.
LUNA Classic Price Prediction 2024
Terra is one of the fastest-growing ecosystems, and LUNA is a central notion in its network. LUNA could keep going up to a maximum price, as there is a massive market for Terra LUNA coins. With the need to sustain Terra token values balanced.
After revamping the entire world network of payments. LUNA pricing could set out on a journey to leave a significant mark in this crypto industry. In such an optimistic case, the price of Terra LUNA could surge to its potential high of $2.67.
On the flip side, an ebbing stance in the business, followed by negative criticism and falling volumes could sink the price to $0.70. That said, a balance in buying and selling pressures could settle the price of the altcoin at $1.685.
Terra LUNA 2.0 Price Prediction 2024 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 0.70 | 1.685 | 2.67 |
| 2025 | 1.92 | 2.65 | 3.38 |
| 2026 | 2.40 | 3.47 | 4.54 |
| 2027 | 3.19 | 4.28 | 5.37 |
| 2028 | 4.09 | 5.502 | 6.96 |
| 2029 | 5.51 | 7.07 | 8.64 |
| 2030 | 7.04 | 8.71 | 10.38 |
LUNA is a configurable asset that tackles performance, scalability, and availability concerns. The above factors will increase its luminance in the market, and the bulls may take over to propel its price to rise to new highs. Terra LUNA 2.0 price for 2024 could range from $0.70 to $2.67.
LUNA Price Prediction 2025
If the network manages to regain the trust of the crypto community, with developments and community-building initiatives. The price of Terra coin price could hit its potential high of $3.38.
In contrast, failing to re-establish its prominence could slump the price down to $1.92. Successively, factoring in the maximum and minimum targets, the regular Luna 2.0 price could settle at $2.65.
LUNA 2.0 Price Prediction 2026
According to forecast prices and technical analysis, the price of LUNA is projected to reach a minimum of $2.40 in 2026. The maximum price could hit $4.54, with an average Terra price of around $3.47.
Terra Classic Price Prediction 2027
Looking forward to 2027, LUNA price is predicted to reach a low of $3.19, with a high of $5.37 and an average price of $4.28.
Terra LUNA Price Prediction 2028
In 2028, the price of a single Terra LUNA 2.0 is anticipated to reach a minimum of $4.09, with a maximum of $6.96 and an average price of $5.502.
LUNA Classic Price Prediction 2029
By 2029, the price of LUNA might reach a minimum of $5.51, with the potential to hit a maximum of $8.64 and an average of $7.07.
LUNA Price Prediction 2030
In 2030, Terra 2.0 is predicted to touch its lowest price at $7.04, hitting a high of $10.38 and an average Terra price of $8.71.
Factors Affecting The Price Of Terra LUNA
- Governments: Regulations by the government and the Central Bank Digital Currencies (CBDCs) could impact the crypto industry greatly.
- Inflation of fiat currencies: Hyperinflation could drive people and governments towards Cryptocurrencies as an alternative.
- Supply and Demand: A spike in supply and demand can help surge the price of this coin to new highs.
What Does The Market Say?
| Firm Name | 2024 | 2025 | 2030 |
| Wallet Investor | $111.37 | $111.375 | – |
| priceprediction.net | $1.26 | $1.87 | $10.76 |
| DigitalCoinPrice | $2.62 | $3.56 | $10.55 |
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
CoinPedia’s LUNA Price Prediction
Terra’s goal is to build an international payment system with minimal rates and no constraints imposed by national frontiers. Terra is ideally positioned to capitalize on Defi’s prospects and aims to be one of the premier Defi blockchain systems for generations to follow. As defi progresses and real-world use instances get more prevalent.
With this LUNA is expected to reach a maximum of $2.67 by the end of the year with a low of $0.70. Calculating the bulls and bears power the price may end the year at an average of $1.685.
Fundamental Analysis
Terra Luna, established in 2018 by Daniel Shin and Do Kwon. Who are the founders of Terraform Labs, the firm that powers the Terra Luna environment! The product debuted its mainnet and whitepaper in 2019. After securing $32m in financing from sponsors such as Binance Labs, OKX, and Huobi Capital. Terra relaunched as Terra 2.0 in the year 2022.
Terra Luna was developed on the Cosmos blockchain as it was the only means of transporting autonomous blockchain applications in the era. Its goal is to increase cryptocurrency acceptance by offering a variety of provincial fiat-based stablecoins (whose rates are publicized on-chain by oracles). And allowing instantaneous trades across them.
This allows for low-cost cross-border and simple transactions removing the risk of people struggling financially due to the volatile nature of cryptocurrency. As a result, rather than distinct digital currencies, such as BTC, Terra’s native token acts as a programmed asset that tackles challenges such as scalability, effortless speed, and interoperability.
What Is LUNA?
The Terra system’s native digital asset, LUNA, is vital to building the stablecoin peg. It’s being used to transact these stablecoins at a concession or a premium, depending on whether demand is up or down. Terra is a decentralized cryptocurrency for fast and worldwide transactions.
Terra production grows or shrinks; as a result, putting its cost back with that of the fiat. In this ecosystem, Terra LUNA serves as a stabilizing token. If some Terra cryptocurrency values get “unhooked” from the fiat money they are tethered to, customers can swap their LUNA for Terra.
LUNA 2.0 is the second-greatest technology in DeFi in terms of most staked tokens. Also, it is a transaction-focused finance platform that incorporates proof of stake consensus with smart contract functionalities. Furthermore, the growing adoption resulted in a favorable price reinforcement for LUNA.
LUNA Historic Market Sentiments 2022
- The new token’s starting price was roughly $7.9 on the 28th of May. The same day, the price peaked at as high as $19 before settling at about $5.3.
- The Terra price rose to $6.12 on the 30th of May, from where it kept rising to $9.02 on the same day.
- The next day, on the 31st of May price, it attempted to bounce back but could not cross below $11.46. The price railed down to $8.02 on the 1st of June and closed the day at $6.03.
- The following weeks did not mark a great recovery as LUNA continued its bearish trend.
FAQs
The Terra LUNA 2.0 coin can experience gradual growth in the coming time.
According to our LUNA classic price prediction for 2024, The altcoin might hit a maximum of $2.67 by the end of 2024.
Yes, it could still be a profitable investment. As it is a sound trading option with solid fundamentals and fascinating tokenomics.
The price of LUNA 2.0 could surge to a maximum of $3.38 by the end of 2025. With a potential surge, the price could go as high as $10.38 by the end of 2030.
The Terra ecosystem also encourages users to stake their LUNA in exchange for benefits, making it an excellent mid-to-long-term investment.
The current Marketcap of Terra crypto is $ 703,784,684.8315.
At the time of publishing, the price of the LUNA token was $1.0258.
LUNA is available on all major exchanges, including KuCoin, FTX, Huobi Global, Gemini, Bitfinex, and Bittrex.
The price of LUNA had successfully reclaimed the $1 mark during the start of December 2023.
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