Terra Luna Classic grew really fast in the digital money world. It shook up the cryptocurrency market. There was a recent change where a new version of Terra (LUNA) replaced the old one, which is now called Terra Classic (LUNC). Terra Luna is special because it helps get rid of the problem of mining.
LUNA is the main currency of the protocol. It’s used for mining and managing tasks. It’s bringing about a big change by being a fully decentralized way to pay. This replaces the old payment system on the blockchain. And it makes things more clear by cutting out middlemen and approvals.
After a bunch of bad things happened, investors are worried about the price of Terra 2.0. Is Terra Luna finished? This article shows some guesses about what the Terra Luna price might be in 2024 and beyond.
What Is Luna?
The Terra system’s own digital money, LUNA, is very important for creating a stable value for their coins. People use it to buy or sell these stable coins at a lower or higher price, depending on how much people want them. Terra is a type of cryptocurrency that lets people make quick and global transactions, and it’s not controlled by any single authority.
When Terra production goes up or down, it affects its cost compared to regular money. In this system, Terra Luna acts as a token to keep things stable. If the value of some Terra cryptocurrency gets disconnected from regular money, people can exchange their LUNA for Terra.
Luna 2.0 is the second most popular technology in De Fi, with a lot of tokens staked. It’s a finance platform that focuses on transactions and uses proof-of-stake and smart contracts. More people are using it, which has made the price of LUNA go up.
Overview
| Cryptocurrency | Terra |
| Token | LUNA |
| Price | $ 1.02633745  -2.67% |
| Market cap | $ 713,784,684.8325 |
| Circulating Supply | 685,056,838.94385 |
| Trading Volume | $ 72,429,231.4943 |
| All-time high | $19.54 on May 28, 2022 |
| All-time low | $0.3801 on 18th August 2023 |
| 24 High | $ 1.0930 |
| 24 Low | $ 1.0104 |
Terra LUNA Price Prediction March 2024
The LUNA token stayed steady for a short time, trading between $0.6350 and $0.7764. When the market got more unstable, the Terra bulls managed to pick up speed and went past the resistance level. But the rally didn’t last long because the price got turned down at $0.8831 resistance level, and then it just moved sideways for a bit.
After a strong comeback, the bulls pushed the price up by 72.74%, but it couldn’t break past $1.4034. Then, the token’s trend changed, and it dropped by about 26%. Since then, it’s been trading between $1.0405 and $1.2140.
The MACD, which shows if prices are going up or down, has a red histogram that stays the same, meaning there’s a strong downward trend in the crypto market. Also, the averages are going down, which means the price of this altcoin will likely decrease in the next few days.
If the market pushes the price above $1.0405, it means buyers are gaining strength, and they might try to push it higher to $1.403. But if sellers take control, the price of LUNA could drop to $0.7764.
LUNA Classic Price Prediction 2024
Terra’s ecosystem is growing rapidly, and LUNA is a key part of it. LUNA’s price might keep rising because many people want to buy Terra LUNA coins, which helps keep the value of Terra tokens stable.
After upgrading the global payment system, the value of LUNA could make a big impact in the cryptocurrency world. If things go well, the price of Terra LUNA could rise to $2.67.
Alternatively, if the business starts doing poorly and gets bad reviews, causing sales to drop, the price of the altcoin could go down to $0.70. But if there’s an equal amount of people buying and selling, the price could stabilize at $1.685.
Terra LUNA 2.0 Price Prediction 2024 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 0.71 | 1.681 | 2.67 |
| 2025 | 1.92 | 2.66 | 3.38 |
| 2026 | 2.40 | 3.47 | 4.55 |
| 2027 | 3.19 | 4.28 | 5.38 |
| 2028 | 4.09 | 5.503 | 6.96 |
| 2029 | 5.55 | 7.07 | 8.64 |
| 2030 | 7.04 | 8.72 | 10.30 |
LUNA is a tool that can be adjusted to handle how well it works, how much it can grow, and how often it’s available. These things can make it more popular, and if investors feel positive, they might raise its price a lot. In 2024, the price of Terra LUNA 2.0 could be between $0.70 and $2.67.
LUNA Price Prediction 2025
If people start trusting the network again and there are improvements and activities to build the community, the price of Terra coin might reach $3.38, its highest possible value.
On the other hand, if it doesn’t regain its importance, the price could drop to $1.92. Then, considering the highest and lowest goals, the usual Luna 2.0 price might end up at $2.65.
LUNA 2.0 Price Prediction 2026
Based on predictions and analysis, experts expect the price of LUNA to be at least $2.40 in 2026. It could go up to a maximum of $4.54, with an average price around $3.47.
Terra Classic Price Prediction 2027
In 2027, experts think LUNA’s price could drop to $3.19 at the lowest, go up to $5.37 at the highest, and stay around $4.28 on average.
Terra LUNA Price Prediction 2028
In 2028, it’s expected that the lowest price for one Terra Luna 2.0 will be $4.09, while the highest could be $6.96, with an average price of $5.502.
LUNA Classic Price Prediction 2029
By 2029, LUNA could cost at least $5.51, possibly up to $8.64, averaging around $7.07.
LUNA Price Prediction 2030
In 2030, Terra 2.0 is expected to reach its cheapest price at $7.04, reaching a peak of $10.38 with an average price of $8.71.
Factors Affecting The Price Of Terra LUNA
Sure, here are the simplified versions of the sentences:
- Governments: Rules set by the government and the introduction of Central Bank Digital Currencies (CBDCs) could greatly affect the crypto industry.
- Inflation of regular currencies: If regular currencies lose value too quickly (hyperinflation), people and governments might start using cryptocurrency instead.
- Supply and Demand: If there’s suddenly a lot of demand for a cryptocurrency and not enough of it is available, the price could shoot up to new highs.
What does the market say?
| Firm Name | 2024 | 2025 | 2030 |
| Wallet Investor | $112.37 | $111.375 | – |
| priceprediction.net | $1.27 | $1.87 | $10.79 |
| Digital Coin Price | $2.65 | $3.46 | $10.53 |
We created a table with predictions from different crypto analysts about the price of the same token on their platforms. The targets listed are the average goals set by each firm.
Ruby Currency LUNA Price Prediction
Terra wants to create a global payment system with low fees and no limits for countries. Terra aims to take advantage of the opportunities in decentralized finance (Defi) and become one of the top Defi blockchain systems for future generations as Defi grows and more real-world uses emerge.
LUNA is predicted to go up to $2.67 at most by the end of the year, with a lowest point of $0.70. By considering both positive and negative market forces, the price might settle around $1.685 on average by the year’s end.
Fundamental Analysis
Terra Luna was founded in 2018 by Daniel Shin and Do Kwon, who are also the founders of Terraform Labs. This company runs the Terra Luna system. They introduced their main product and plan in 2019. After getting $32 million in funding from backers like Binance Labs, OKX, and Huobi Capital, Terra restarted as Terra 2.0 in 2022.
Terra Luna was created on the Cosmos blockchain because it was the only way to move self-operating blockchain apps at the time. Its aim is to make people use cryptocurrency more by providing different stable coins tied to local currencies (with rates shown on the blockchain by oracles) and allowing instant trading between them.
This makes it possible to easily and cheaply send money across borders without worrying about cryptocurrency’s unpredictable changes in value. Instead of different digital currencies like BTC, Terra’s own token solves problems like how fast transactions can happen and how different systems can work together.
LUNA Historic Market Sentiments 2022
- On May 28th, the new token started at about $7.90. It quickly rose to as high as $19 before settling at around $5.30.
- On May 30th, the price of Terra went up to $6.12 and then to $9.02 later that day.
- The next day, May 31st, it tried to go up again but couldn’t go past $11.46.
- By June 1st, it fell to $8.02 and closed at $6.03. Unfortunately, in the following weeks, LUNA didn’t recover much and continued its downward trend.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
