Terra (LUNA) Price Prediction
This blog post will cover:
- Terra (LUNA) Roadmap
- Crypto community about Terra (LUNA)
- Terra (LUNA) Price Prediction
- Terra (LUNA) Price Prediction 2024
- Terra (LUNA) Price Prediction 2025
- LUNA Historical Price Analysis
Terra is an open-source decentralized public blockchain protocol. It is created for algorithmic stablecoins. The main idea of Terra is to create stablecoins that can track the prices of fiat currencies.
The protocol has two tokens, which have different functions. TERRA is a stablecoin that is meant to track fiat currencies’ prices. LUNA is a protocol’s staking token. It is used for voting for governance decisions, as well as for staking rewards. Both tokens can be burnt to mint the other one. A special algorithmic market module guarantees the price stability of TERRA. Users are incentivized to maintain stability.
Terra (LUNA) Roadmap
This project does not have an official roadmap. However, the team announces every upcoming event on their Twitter account. Also, the changes are discussed in the Reddit community.
Crypto community about Terra (LUNA)
Fans of the coin even create Twitter accounts dedicated to Terra (LUNA) and divided by topics. Users have an opportunity to follow only the project’s news or even memes. Participators of these communities seem very supportive and optimistic.
Terra also has a Reddit community. Here newcomers can ask for advice or anyone can tell their story. People in the community are very responsive and ready to help.
Terra (LUNA) Price Prediction
Now let’s take a look at the possible future of the LUNA token.
- According to WalletInvestor.com LUNA has great potential:
- Here is a forecast made by WalletInvestor.com:
- Digitalcoinprice.com provides the following forecast:
- Tradingbeasts.com has one of the most pessimistic forecasts:
Terra (LUNA) Price Prediction 2024
Specialists from Digitalcoinprice.com suppose that at the beginning of the year there may be a slight decrease in price, however, the general trend will remain upgoing. Unfortunately, the year may end worse than it will start.
Terra (LUNA) Price Prediction 2025
2025 is seen as a year of new heights. LUNA will try to hit $200. It may not overcome it in 2025, but this may become a thing of the upcoming year.
LUNA Historical Price Analysis
As of January 18, 2022:
All Time High (Dec 27, 2021): $103.33
All Time Low (Mar 13, 2020): $0.1201
LUNA token’s price undoubtedly reflects the success of the whole project.
Do Kwon, the founder of the Terra projects, believes that the growing demand for UST is one of the main drivers of the protocol’s success. According to what he said, there are dozens of projects expecting to launch in the first quarter of 2022. Of course, the more anticipated these projects are, the more attention is attracted, the higher the price should be.
Moreover, some regulators currently express interest in stablecoins and are willing to support this area.
The other important reason for the price increase is the team’s work. The clients of the project note that all the problems are being solved fastly, which also increases the trust in the platform.
The Terra project came as a surprise to the Crypto World. Some experts believe it is still undervalued. The fast growing ecosystem only supports this idea. However, it seems that innovative and progressive projects do not stay in the shadow forever. Thus, it has all the chances to become something big.
Terra provides an opportunity to work with stablecoins in a comfortable and easy way. This is a highly demanded thing now. Moreover, the team was able to create interesting tokenomics for both TERRA and LUNA. It is easy to understand and maintain. The other significant thing is that Terra has an amazingly friendly and supportive community. So if you are interested in stablecoins, this may be the project for you to learn more about.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.