One of the most active cryptos taking the digital world by storm in 2021 was Terra (LUNA), achieving an all-time high of $103.03 on December 27, 2021. But how far can it go? Let’s read Terra Price Prediction for 2022 article to find out.
Among the cryptocurrencies that have been bullish in the last couple of months, Terra (LUNA) comes quite surprising for some. This digital asset offered a change as a decentralized financial payment network that succeeds the conventional payment stack on the blockchain. With the use of fiat-pegged stablecoins, it powers price-stable global payments system. This one-of-a-kind feature performs as a main catalyst in the whole eliminating the obstacle regarding token mining. In a way, it shows transparency by removing the middlemen or permission. Therefore, it acts more like a programmable asset that addresses problems like speed, scalability, and accessibility. In this analysis of TechTrends, we take a look at how Terra price prediction for 2022 will be, or whether it will reach a new all-time high. Before that, let’s start with what Terra (LUNA) is and where it stands in the crypto market.
Terra Price Prediction for 2022 and Beyond; What to Expect?
With the rise of stablecoins in the cryptocurrency world, Terra (LUNA) may become a big winner. It is currently performing quite impressively; but first, let’s get to know the basics and background.
What is Terra (LUNA)?
Since its launch in January 2018 by the men behind Terraform Labs, Daniel Shin, and Do Kwon, Terra has earned a lot of attraction as a crypto payment solution.
The platform was created considering the price volatility of assets based on blockchain. Terra concentrates on price stability and usability with the help of smart contract-enabled cryptographic versions of fiat currencies that are called stablecoins.
It has already introduced many fiat-pegged stablecoins, like TerraUSD (UST), TerraCNY, TerraKRW, and TerraEUR. In addition, it intends to roll out more digital currencies. The platform provides users with easy and fast transactions with no hassle and many retailers around the world use it.
Terra’s native token is LUNA, which is a key element in the Terra Ecosystem, responsible for the governance of the platform. In other words, LUNA holders can submit and vote on governance proposals. This token has the responsibility of operating the collateralizing mechanisms that keep the stablecoins in control and prevent massive fluctuation.
LUNA utilized the Proof-of-Stake consensus and has a supply of elastic, which depends on the need of the platform for stablecoins in circulation. This cryptocurrency has its walled, named the Terra Station, which is able to give direct access to stablecoins. Through the use of the wallet, users can have an access to the DApps made on the Terra blockchain. Moreover, the Terra Station can work as a phone and computer with no failure.
Terra (LUNA) Current Market Status
One of the most aggressive cryptos, Terra, is being traded at $85.18 at the time of writing, as per CoinMarketCap. It is ranked #9, with a market capitalization of $30,054,102,492. Terra has a circulating supply of 354,075,836.32 LUNA in the market, with a 24-hour trading volume of over $2,977,958,560 USD.
The best trading platforms for this cryptocurrency are Binance, OKEx, and Huobi Global. With all the accomplishments, we can see that LUNA came a long way in promoting its technology in the last couple of years.
Now, assuming that we have a solid understanding of what Terra (LUNA) is, it is time to see whether it is a good investment for 2022 and years to come. TechTrends has put together an analysis of how Terra price prediction for 2022 will be.
Terra Price Prediction for 2022 and beyond
Based on Terra price forecast for 2022, the year 2022 is expected to offer big things to the decentralized finance space, and Terra is going to benefit from it. Many experts in the market are certain that Terra (LUNA) will play a crucial role in the DeFi space this year.
Dan Morehead, the Pantera Capital CEO, talked to CNBC, saying that he thinks Terra is among the most promising alternative coins for this year. He said: “It’s growing at a very rapid rate. We think it’s one of the most promising coins for the coming year, so many people are just starting to discover it and just starting to trade it.”
Morehead is a supporter of Terra and is confident that the project has a lot to offer. He said: “Terra is beginning to gain traction in the South Korean gaming market, and that’s one of the leading markets for gaming in the world, and so it’s starting to broaden out from stablecoins to much more interesting things.”
The current market condition has shown a relief factor that it hasn’t done any discrimination against currencies. Most of the fiat, including cryptocurrencies, have undergone the same unfortunate fate without any change. However, cryptos recovered sooner in comparison with other financial avenues. Many investors are keeping tabs on whether it is wise to invest in cryptos like Terra. Considering the historical data and analysis, although the Terra price has displayed an impressive sustaining performance in 2021, many mentors in the market guess that the bull market can be distant. Others, on the other hand, think that is not the case.
Terra price prediction for 2022
According to predictions for Terra in 2022, the LUNA currency is expected to ride a bullish trend this year. Considering the previous year and the beginning of 2022, there might be a price surge, taking it to a higher point in between the fluctuations.
With the efforts from the network developers as well as community investors, the Terra value will go up. The LUNA price prediction for 2022 anticipates a maximum of $83.43, which happened at the time of the writing in mid-April. However, some analysts predict that it may even reach a high of $110 by the end of 2022. It is highly probable that LUNA will grow ultimately. Therefore, the average price is predicted to be around $71.00 to $73.53 in 2022.
Terra price prediction for 2023
Going further down Terra price prediction for 2022, we reach the year 2023. Based on what experts predict, LUNA currency may fluctuate between $78 and $85 and show some resistance. Although it is impossible to certainly make predictions regarding its price and whether these three years can be its golden era, there might be changes in industry scenarios. The currency’s market positions, economic overruns, policy restructuring or any other reason can change for the forecast to come to a reality. Moreover, there are two more factors that may influence the predictions for Terra in 2022. The first one is global economics and the second is the future market cap as LUNA is resilient and consistent.
Terra Price Prediction for 2024
Some experts believe that LUNA may ride the wave in 2024 and come at around $127.87. Moreover, it may reach a minimum fee of $106.37 by the end of the year. Furthermore, the maximum is expected to reach a level of $138.70. In addition to other factors affecting its price, region-specific alterations also play a role in the changes in the price of LUNA. Therefore, realizing its futuristic goals, technical analysis suggests one thing that you can be sure about. It is that the stars are bright for LUNA.
Terra Price Prediction for 2025
Having been revolutionary in the entire global page of transactions, Terra is on the verge of leaving a significant footprint on this ecosystem. According to Terra price prediction for 2022 and beyond, LUNA will ride the bull market in 2025 as it may get to $154.86. By the end of 2025, its minimum fee might be around $148.
Terra Price Prediction for 2026
Based on the Terra price prediction for 2022 and beyond, LUNA is expected to continue its bullish rise beyond 2025. Experts believe that it will cross $155.85. Moreover, by the end of the year, its minimum price may reach $149.03, with a maximum of $166.45. Therefore, investors and holders of crypto assets might want to consider this currency.
Terra price prediction for 2030
As per the data analysis, by the year 2030, LUNA will go past $391.56. The Terra price prediction for 2022 and beyond suggests that it will have a minimum of $380.67. However, it may be able to get to the maximum level of $398.56.
Final Thoughts
The future seems to hold great things for Terra. However, since LUNA is new and naïve in the community, it depends on the leadership team to push it to its goals and boundaries. It all comes down to how the whole currency industry for Bitcoin, Ethereum, etc., thrives. Moreover, Terra can be a great choice for long-term investment since its utility will reflect upon its price. For short-term investments, it can also be a great option as it has reached the $100 barrier in 2022 and is ready to smash psychological resistance levels.
Overall, LUNA has massively surged in adoption as the prices continue to be bullish for the asset. However, you should always do your own research before deciding to make an investment as the market can be volatile.
Frequently Asked Questions about Terra
Where can I buy LUNA?
Investors and users are able to buy this currency from any cryptocurrency exchange and trading platforms that support it. You can easily find it on esteemed exchanges such as Binance, Bittrex, and OKEx. In these exchanges, you are allowed to trade LUNA directly to fiat currencies (USD, EUR, GBP, etc., or other cryptos like BTC or ETH.
Does Terra have a future?
With its current price being around $85.18 in the market, should loyal investors keep supporting it, the token will most likely rise and have a great future.
Is Terra (Luna) a good investment?
Of course. Terra has had a tremendous price rise since the beginning of 2021. Based on our analysis, long-term investments in this currency will be profitable.
How is the Terra network secured?
With the use of a proof-of-stake consensus algorithm based on Tendermint, Terra blockchain is sealed and secured. Back in 2019, when Terra’s mainnet aired, CertiK, which is a blockchain verification and penetration testing firm, checked the network. Based on their assessment, Terra network’s “modeling and mathematical reasoning” were “sound”. However, they refused to comment on the performance of the blockchain.
Why is Terra price rising?
Investors and their faith can take credit for Terra’s rise in price. In addition, being listed on the top exchanges shows that LUNA has a great performance. This helps investors make great offers in the market and eventually it leads to its rise.
Is it profitable to invest in Terra?
Based on our Terra price prediction for 2022 and beyond, the price keeps rising, with the expected price by the year 2030 is more than $390. Overall, Terra currency is a profitable investment without a doubt.