The beginning of 2021 was more stable, but everything changed from the onset of the last quarter of 2021. A lot of cryptos saw bullish trends in the following months. LUNA is an intriguing coin with the fundamental purpose of solidifying the prices of fiat-pegged stablecoins given on the Terra chain. It can also be used for governance. It was one of the best performing cryptos of 2021.
Terra (LUNA) Fundamental Analysis
Terra’s native token Luna is the second biggest platform after Ethereum that provides smart contracts. It is the ninth biggest cryptocurrency, according to CoinMarketCap. It had started 2021 with a price lower than $1 and reached its all-time high of $103 by the end of 2021. Currently, it is trading at $83. Terra can be considered a good cryptocurrency, and you can buy Luna on several crypto exchanges if you intend to sell or hold for the long term. It is also beneficial for getting a stablecoin at a relatively low price.
Terra is an investment that should be considered holding for the long term, as it is one of the most active and rising cryptocurrencies, and the price has mostly shown bullish trends. Its use cases are scaling up regularly. If the situations in the market do not become highly unfavorable, the long-term revenue appears to surpass its risk factors.
The developers of Terra have also guaranteed various new developments in the coming years that will presumably enhance the usability of the coin. This advancement, combined with the previous achievements, makes Terra’s prediction and expectations about LUNA’s future price very optimistic at the time of writing.
Terra (LUNA) Price Prediction 2025
By revolutionizing the whole global plate of transactions, LUNA price enters on the journey to leave a considerable impression on its ecosystem. Some predictions for the Terra price in two years also emphasize that LUNA price would be riding the bull market by the middle of 2025 and might even reach a new high of $500 with an average of $490 throughout the year. Its minimum price can be $480 in 2025.
There are tremendous hopes from the Terra crypto community to hold Terra. It would be an ideal tool for developers and engineers to develop more such decentralized applications.
- Terra (LUNA) is one of the most active cryptocurrencies, with the crypto world rising this year.
- LUNA reached an all-time high of $103 in 2021.
- Its price can reach $500 in 2025.
- LUNA could be profitable in the long run.