2024

April

Terra

<p>Terra (LUNA), one of the major cryptocurrencies, saw its value plummet by 100% due to the algorithmic stablecoin protocol TerraUSD (UST) losing its peg to the US dollar on May 13, 2022.</p>
<p>By the end of the month that year, developers relaunched the Terra blockchain and introduced a new token with a supply of 1 billion coins. The original token now trades as LUNC, while the new one retains the name LUNA. Initially priced at around $19 after the relaunch, the new token has since dropped by nearly 98%.</p>
<p>As of July 2, 2024, Terra LUNA was trading at $0.405 and <a href="https://coinmarketcap.com/currencies/terra-luna-v2/" target="_blank" rel="noopener noreferrer nofollow">held</a> the 164th position by market capitalization among cryptocurrencies.&nbsp;</p>
<p>The LUNA future looks uncertain. What is the Terra LUNA forecast for the coming years?</p>
<div class="wp-block-rank-math-toc-block" id="rank-math-toc">
 <h2 id="table-of-contents">Table of Contents</h2>
 <nav>
  <ul>
   <li><a href="#what-is-terra-luna" rel="noopener noreferrer nofollow">What is Terra LUNA</a></li>
   <li><a href="#terra-crypto-news" rel="noopener noreferrer nofollow">Terra crypto news</a></li>
   <li><a href="#terra-luna-price-prediction-short-term-outlook" rel="noopener noreferrer nofollow">Terra (LUNA) price prediction: short-term outlook</a></li>
   <li><a href="#fa-qs" rel="noopener noreferrer nofollow">FAQs</a></li>
  </ul>
 </nav>
</div>
<h2 class="wp-block-heading" id="what-is-terra-luna"><strong>What is Terra LUNA</strong></h2>
<p>Terra is a blockchain platform designed to create algorithmic stablecoins that differ from traditional stablecoins by being decentralized and not backed by fiat reserves. The pricing of algorithmic stablecoins is managed through smart contracts, with their peg to USD primarily controlled by algorithms.</p>
<p>Through these algorithms, stablecoins track the price of their underlying assets (usually fiat currencies) and maintain price stability using a defined set of rules or software.</p>
<p>LUNA serves as Terra’s native token used for platform governance and staking, which helps minimize volatility within the protocol. Users stake LUNA by providing them to transaction validators on the blockchain, thereby reducing transaction fees.</p>
<h2 class="wp-block-heading" id="terra-crypto-news"><strong>Terra crypto news</strong></h2>
<p>After Terra’s collapse, trust in it within the crypto community has waned.</p>
<p>In September 2022, a Seoul court <a href="https://www.bloomberg.com/news/articles/2022-09-14/south-korea-seeks-the-arrest-of-terraform-labs-founder-do-kwon" target="_blank" rel="noopener noreferrer nofollow">issued an arrest warrant</a> for Do Kwon, CEO of Terraform Labs, citing violations of local capital markets laws.</p>
<p>In February 2023, the U.S. Securities and Exchange Commission (SEC) <a href="https://x.com/SECGov/status/1626347690853376008?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1626347690853376008%7Ctwgr%5E4136f1489d7d5ddc0c018b621b4a8cb317562adf%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fforklog.com%2Fnews%2Fsec-vydvinula-obvineniya-protiv-do-kvona" target="_blank" rel="noopener noreferrer nofollow">accused</a> Terraform Labs and CEO Do Kwon of orchestrating a multi-billion dollar securities fraud scheme. In April 2024, both Do Kwon and Terraform Labs <a href="https://www.sec.gov/news/statement/grewal-statement-040424" target="_blank" rel="noopener noreferrer nofollow">were found guilty</a> of these charges.</p>
<p>Do Kwon evaded capture for an extended period in Montenegro before being apprehended and detained there. The <a href="https://sudovi.me/vrhs/sadrzaj/QnEA" target="_blank" rel="noopener noreferrer nofollow">extradition</a> of Do Kwon to South Korea is currently pending review.</p>
<p>In January 2024, Terraform Labs <a href="https://www.bloomberglaw.com/public/desktop/document/TerraformLabsPteLtdDocketNo124bk10070BankrDDelJan212024CourtDocke?doc_id=X71J1C6HO798FR8H169HSGB2I6I" target="_blank" rel="noopener noreferrer nofollow">filed</a> for Chapter 11 bankruptcy under U.S. law. In June, TFL <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.594150/gov.uscourts.nysd.594150.272.0.pdf" target="_blank" rel="noopener noreferrer nofollow">agreed</a> to a $4.47 billion fine with the SEC. On June 12, Chris Amani, the new CEO of TFL, urged the Terra community to <a href="https://x.com/fleece_cannon/status/1800962168659247432?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1800962168659247432%7Ctwgr%5E0fa2bb1fa7b62576daa827e0048785ae5329218b%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fforklog.com%2Fnews%2Fterraform-labs-prekratit-deyatelnost-i-peredast-upravlenie-setyu-soobshhestvu" target="_blank" rel="noopener noreferrer nofollow">take control</a> of the blockchain as the company was winding down operations.</p>
<p>Given these events, what is the forecast for LUNA? Will the coin recover?</p>
<h2 class="wp-block-heading" id="terra-luna-price-prediction-short-term-outlook"><strong>Terra (LUNA) price prediction: short-term outlook</strong></h2>
<p>According to <a href="https://coincodex.com/crypto/terra-luna-v2/price-prediction/" target="_blank" rel="noopener noreferrer nofollow">CoinCodex’s</a> short-term Terra price prediction, it looks like LUNA’s price could soar by 224.96%, hitting around $ 1.346497 by August 2, 2024. The overall sentiment is neutral, with 14 technical analysis indicators showing bullish signals and 14 indicating bearish signals.</p>
<h3 class="wp-block-heading" id="terra-luna-price-prediction-2024-2025"><strong>Terra LUNA price prediction 2024-2025<em>&nbsp;</em></strong></h3>
<p>Wallet Investor <a href="https://walletinvestor.com/forecast/terra-prediction-data" target="_blank" rel="noopener noreferrer nofollow">forecasts</a> that by the end of 2024, LUNA could peak at $30.186 before potentially dropping to $0.0652 by the end of 2025.</p>
<p>According to <a href="https://digitalcoinprice.com/forecast/terra-luna-v2" target="_blank" rel="noopener noreferrer nofollow">DigitalCoinPrice’s</a> LUNA coin price prediction, market experts anticipate that Terra will surpass the $0.94 mark by the end of this year. Before Terra reaches $0.94, it could surpass its previous peak of $19.54. Looking towards 2025, there’s optimism that Terra could push through the $1.11 mark and settle around $1.06. The projected lowest price range is expected to be between $0.92 and $1.11.</p>
<p>Despite fluctuations in value, billionaire venture capitalist Tim Draper maintains his prediction that Terra could reach $1.11 by the end of 2025 or early 2026.</p>
<p>CoinCodex <a href="https://coincodex.com/crypto/terra-luna-v2/price-prediction/" target="_blank" rel="noopener noreferrer nofollow">predicts</a> that by 2025, Terra’s price could range between $0.433037 and $2.02. This suggests a potential gain of up to 369.34% from current levels if LUNA reaches its upper price target.</p>
<h3 class="wp-block-heading" id="luna-price-prediction-2030"><strong>LUNA price prediction 2030</strong></h3>
<p>DigitalCoinPrice <a href="https://digitalcoinprice.com/forecast/terra-luna-v2" target="_blank" rel="noopener noreferrer nofollow">projects</a> that by the start of 2030, Terra’s price is anticipated to reach $3.17. LUNA could also achieve this level by the end of the same year.</p>
<p>Looking at CoinCodex’s LUNA crypto price <a href="https://coincodex.com/crypto/terra-luna-v2/price-prediction/" target="_blank" rel="noopener noreferrer nofollow">prediction</a>, Terra’s price is estimated to range between $1.06776 and $1.731278 by 2030.</p>
<p>Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.</p>
<h2 class="wp-block-heading" id="fa-qs"><strong>FAQs</strong></h2>
<div id="rank-math-faq" class="rank-math-block">
 <div class="rank-math-list ">
  <div id="faq-question-1720015708159" class="rank-math-list-item">
   <h3 class="rank-math-question " id="is-terra-luna-a-good-investment">Is Terra (LUNA) a good investment?</h3>
   <div class="rank-math-answer ">
    <p>Investing in Terra (LUNA) could be appealing considering its promising price forecasts for both the near and distant future. Analysts predict potential peaks and positive outlooks, suggesting growth opportunities.</p>
   </div>
  </div>
  <div id="faq-question-1720015723414" class="rank-math-list-item">
   <h3 class="rank-math-question " id="will-luna-coin-price-go-up-or-down">Will LUNA coin price go up or down?</h3>
   <div class="rank-math-answer ">
    <p>Predictions suggest varying outcomes: Wallet Investor predicts a potential peak by the end of 2024 followed by a decline, whereas DigitalCoinPrice and CoinCodex offer projections of potential growth up to 2025 and 2030. Short-term fluctuations and market dynamics will likely influence LUNA’s price movements.</p>
   </div>
  </div>
  <div id="faq-question-1720015741088" class="rank-math-list-item">
   <h3 class="rank-math-question " id="strong-should-i-invest-in-luna-crypto-strong"><strong>Should I invest in LUNA crypto?</strong></h3>
   <div class="rank-math-answer ">
    <p>Deciding whether to invest in LUNA crypto should hinge on your personal comfort with risk and investment objectives. Whether you’re considering investing or holding back, take your time to weigh the risks involved.</p>
   </div>
  </div>
  <div id="faq-question-1720015760190" class="rank-math-list-item">
   <h3 class="rank-math-question " id="can-terra-luna-reach-1">Can Terra LUNA reach $1?</h3>
   <div class="rank-math-answer ">
    <p>Yes, LUNA has the potential to reach $1, as indicated by various forecasts for 2025 and beyond.</p>
   </div>
  </div>
  <div id="faq-question-1720015781867" class="rank-math-list-item">
   <h3 class="rank-math-question " id="how-high-can-luna-go">How high can LUNA go?</h3>
   <div class="rank-math-answer ">
    <p>Projections vary, with estimates ranging from significant increases by 2025 to potential peaks in the long term, such as reaching $3.17 by 2030 according to DigitalCoinPrice. The upper limits of these predictions highlight potential growth opportunities but also underscore the speculative nature of cryptocurrency investments.</p>
   </div>
  </div>
 </div>
</div>

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

Table of Contents

crypto.news

Other articles published on Jul 3, 2024

ArcBit Wallet Review 2024

Early Oil King Pepe Memecoin Buyer Makes Explosive 6,000% Profit, But Holds For Another 20,000% R...

Bitcoin, Ethereum Slip, Dogecoin Rises As Thin Liquidity Bogs Crypto Market Down: Analyst Predict...

KangaMoon Steals the Show From BitTorrent Coin and Casper Crypto As Price Jumps 100%

What Is Going On With The 'Shiba Inu On Solana' BONK?

Chibi Clash Launches Kingdoms Alliance Event

Join our free newsletter for daily crypto updates!