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Terra (LUNA) Price Prediction 2022 and Beyond – Will LUNA Reach $1000?


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Terra is a blockchain-powered cryptocurrency platform initiated in 2018 by Terraform Labs – a company developed by South Koreans Do Kwon and Daniel Shin. The platform entertains the concern of cryptocurrency volatility by providing stablecoins, i.e., stable-price cryptocurrencies, each pegged to a country’s currency. 

Terra stabilizes the stablecoins with its native token: LUNA. Stablecoins and LUNA can be traded-off for each other. As the stablecoin price rises, Terra allows LUNA token holders to swap it with stablecoins, making them earn a profit while fulfilling its stablecoin demand. Similarly, when the stablecoin market falls short, it can be swapped for LUNA, thus keeping the Terra stablecoins balanced. As such, Terra offers promising good returns with minimum fees and bank limits.

Terra (LUNA) Fundamental Analysis

Terra generates cryptocurrencies pegged to various country’s currencies. A new stablecoin, pegged for a different country’s currency, can be minted easily as per democratic voting. The prices of all these cryptocurrencies are stabilized with Terra’s staking token, LUNA.

Terra is a Proof of Stake (PoS) blockchain ecosystem. Upon transaction validation, LUNA coin holders receive awards relative to the amount of LUNA stacked. In addition, with every stablecoin transaction, LUNA stakeholders get a share of the transaction fee. Therefore, with the rise of stablecoin transactions, LUNA’s value increases. The total transaction fees collected on the Terra network surpass many other blockchains, including Bitcoin and Ethereum.

Terra tokens are interoperable; they operate across several blockchains, including Ethereum and Solana. The interoperability of Terra tokens allows users to exchange their assets between the various compatible blockchains easily. 

Every year, over 2 million users spend over 1 billion dollars using Terra’s stablecoin KRT. Over 40,000 people in Mongolia use Mongolian Tugrik every month on the Terra blockchain. Terra is thus presently most popular in South Korea & Mongolia with Chai and MemePay Apps but shows great chances of growing a relatively colossal customer base within Asia and outside. A critical factor that may likely expand its userbase is the launch of interest on UST. Terra’s saving and lending protocol, Anchor, makes users earn interest of 20% for stablecoins deposits.

Terra LUNA is a rapidly growing cryptocurrency supported by various significant wallets and cryptocurrency exchanges, including the largest Binance exchange, which proves its continuous widespread adoption. Altogether, Terra offers promising instant transactions. Terra can compute hundreds of transactions per second with minimum fees and bank limits; taxes range from 0.1% to 1%, capped at 1 TerraSDR on each transaction.

Terra (LUNA) Price Analysis

The price of the LUNA token has, for the most part, shown positive trends for the long term as the token has risen above, surpassing others. At the start of 2021, the price moved from a setback of approximately $0.6 to about $22. From May to June, the price fluctuated between $5 and $6, later rising to $8, then setting back again for a short period. LUNA passed $30 in August for the first time. Terra managed to make more than 2000% of profits in the past months.

Currently, the market capitalization of the LUNA token is over $31 billion, with a circulating supply of nearly 362 million LUNA. The current price is estimated to be $86. As of this month, the rise in the token cost was highly incredible. The recent skyrocketing rise of the LUNA coins value implies that the price is still bullish in the long term. 

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$ 0.00000000000000
Price (BTC)
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Marketcap
$ 0.00
Volume
$ 0.00
24h Change
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Total Supply
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Terra (LUNA) Market Price Prediction

Experts predict that the price of LUNA can increase in the coming years. Below are some credible cryptocurrency websites’ predictions for Terra LUNA.

Priceprediction.net

Priceprediction.net predicts that the price of LUNA can reach $155 in 2022. As for the coming years, the price could reach $1,000 for the first time in 2027. By the end of the decade, the price could go close to $3,000.

Terra price prediction 2021-2030
Terra (LUNA) Price Prediction 2022-2030. Source: Priceprediction.net

Wallet Investor

Wallet Investor predicts that LUNA can grow at a steady rate in the coming years. By 2026, they predict that Terra can surpass $800, meaning that it can go x8 from its current price despite the current market cap being quite large already. They see a growth of more than 600% in the coming years.

Terra price growth prediction.
Terra (LUNA) Price Growth Prediction 2022-2026. Source: Wallet Investor

Digital Coin

Digital Coin also predicts that the price of LUNA could increase at a slower rate in the coming years. They predict that the price can average $365 by 2028.

Terra prie prediction 2021-2028
Terra (LUNA) Price Prediction 2021-2028. Source: Digital Coin Price

Crypto Academy Terra (LUNA) Price Prediction

The recently launched LUNA is ready to mark its place in the industry as it seems to leave behind many coins and become the 10th largest coin in a short period.

LUNA Coin (LUNA) Price Prediction 2022

Considering that it is one of the newer additions in the market, predicting its trends is somewhat tricky, but its current value suggests that it can make steep increases in the price. LUNA could go to around $130 in 2022.

LUNA Coin (LUNA) Price Prediction 2023

According to the price predictions, the fluctuations tend to be not as steep. The price is predicted to go to an average price of about $150. A minimum price of $121.7 and a maximum price of $180 are expected. 

LUNA Coin (LUNA) Price Prediction 2024

In the year 2024, according to expert views, it may become a little more mature, thus increasing as becoming a little more predictable and thus growing in its value. It is predicted to reach up to $177.9 with a minimum price of $171.6 and a maximum price of $215.

LUNA Coin (LUNA) Price Prediction 2025

2025 might be a year in which the coin’s fate may be decided. It would be a crucial year for it. If it passes by this year, its future could be bright. Predictions show a lot of fluctuations in the trends of increase and decrease during this year. The price could go to a high of $500 in 2025.

LUNA Coin (LUNA) Price Prediction 2026

2026 is a challenging year to predict. Its outcome will be greatly dependent on its previous year. If the coin manages to secure a good place, the predictions suggest that its value may boost sharply to $700 in 2026, considering all the market factors.

Terra price prediction 2022-2026.
Terra (LUNA) Price Prediction 2022-2026.

How to buy Terra (LUNA)?

Terra’s LUNA coin has shown an impressive surge as of early this month, surpassing others, despite the market selloff. This incredible performance has urged investors to step in and get started with Terra. On this account, the article provides an easy guide to buying Terra LUNA.

The easiest way to get on with a cryptocurrency is to exchange. Binance provides an easy and quick set-up to start with Terra LUNA among the exchanges.

Here are the three basic steps to buying Terra LUNA on Binance:

Step 1: Open an account on the Binance exchange

First, register for an account on Binance to invest in Terra LUNA. You can register with either email or mobile. Choose a registration method of your preference. Now, you will be prompted to provide your credentials. Enter the details and make sure to agree to their terms and policies. 

Step 2: Verify the Binance account

After successfully filling the form, you will have to proceed with a follow-up email or mobile verification. A code will be sent to your email or mobile. Enter the code in the required code field. Once the provided code is successfully matched, you will be registered.

Step 3: Verify your identity

After registration, you would need to verify your identity. Choose Identification from your profile icon, which will take you to a verification page. The page lists a few identity credentials that you will have to submit to verify your identity.

For the identity credential of Government-issued ID, you can provide your passport, driving license, or any other Government-issued ID.

Step 4: Choose a payment method

Once your account set-up is done, you can now buy Terra. Go to Buy Crypto. A drop-down menu will appear, showing a list of all the payment methods. Choose a payment method of your choice. As a beginner, the payment method of credit/debit card is recommended as it allows for fast and easy transactions.

Step 5: Choose a currency

After choosing your payment method, you will be directed to an interface where you will have to choose the currency of your choice. 

From here, under the Spend section, select the currency of your choice for the transaction. Under the Receive section, crypto is set as Bitcoin by default. Select this to change to LUNA.

Step 6: Set an amount

You will have to specify an amount to complete the transaction. Enter the amount you wish to purchase in the required amount field to continue with the transaction.

Step 7: Add payment details 

Now, you will be prompted to enter relevant information about your payment method such as card details.

Step 8: Confirm your purchase

After adding your payment method credentials, check the order details. If everything seems fine then click Confirm to proceed. Your order will be confirmed and placed successfully.

Frequently Asked Questions (FAQS)

What is Terra LUNA?

Terra is a blockchain platform that generates stablecoins, i.e., stable-price cryptocurrencies, each pegged with a country’s currency, along with its native staking token, LUNA coin, to stabilize the prices of stablecoins.

Is Terra LUNA worth an investment?

Terra is one of the most promising blockchain-based projects in the market. Its price is predicted to increase in the coming years, making it a potentially good investment.

Will Terra’s price reach $1000?

LUNA can technically reach $1,000 in the long term. The price could reach $1,000 by the end of this decade.

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Takeaways

  • Terra LUNA is one of the fastest-growing stablecoin cryptocurrencies supported by major exchanges, including the largest Binance exchange.
  • The platform provides stablecoins, i.e., stable-price cryptocurrencies, each pegged to a country’s currency on account of cryptocurrency volatility. 
  • Terra is a Proof of Stake (PoS) blockchain ecosystem. Upon transaction validation, LUNA coin holders receive awards relative to the amount of LUNA stacked.
  • To buy Terra LUNA on Binance, register and verify your account on Binance, buy and confirm your transaction.
  • Evaluate the crypto market and all the associated regulations and risks with Terra before investing, as crypto prices are subject to change.
  • LUNA is predicted to go to around $130 in 2022. 
  • LUNA could go as high as $700 in the next five years.
  • Overall, LUNA is considered a good investment.

Also read:

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