Terra Luna Price Prediction 2022-2030 - Should You Buy It Now?

Many cryptocurrencies have the same price trajectory: strong rally in the second half of 2017, the historical maximum on January 8, 2018, and the all-time low on March 13, 2020. Or something like that. Coins with these milestones will probably keep on gaining value but aren't likely to be sensational in the future. They can be suitable for the diversification of your portfolio but won't make you rich in the short run. However, the time of heroes hasn't passed. There are still coins that make new records in 2022. One of them is Terra (Luna), a token that emerged between two major bull runs (2017 and 2021). Terra is updating its all-time high right now, these days when I write this article (March 2022). Today, we will review its prospects, analyze its past market achievements, and make the Terra (Luna) price prediction.

What Is Terra (Luna)?

Terra is a decentralized financial network facilitating payments made in stablecoins pegged to fiat currencies. It is not hard to see that this network recreates the traditional monetary system bringing it on the blockchain. Stablecoins have the same prices as respective fiat currencies, but they are free from limitations associated with banks and governments. The network is based on Proof-of-Stake (PoS) protocol.

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Note that the following predictions have been rendered obsolete by recent news. Luna has dropped catastrophically; it's all-time low has been updated to $0.00005144 (May, 13) after a 99.97% decline. Luna has been excluded from the perpetual futures market, Binance banned spot trading with it to protect traders.

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This happened because the holders of UST tried to cash it through LUNA on mass after its price dropped to $0.36. Burning that many USTs caused the LUNA supply to explode, thus catastrophically dropping the price (from 386 mil to 1.5 bil and then to 7.1 bil)

Terra is taking measures to save the situation. On Thursday, the company suggested burning all UST in the community pool (more than 1 billion) and the remaining 371 million UST on the Ethereum crosschain.

To avoid losing your money in quagmires like this, we recommend: a) diversifying your portfolio; b) insuring your investment.

The network has a native coin called Luna. You can validate Terra transactions by staking Luna and earning money to keep the network running. More than that, Luna adjusts the value of each stablecoin from the Terra basket. When the demand on Luna is high, the algorithm of Terra starts to sell Luna tokens to decrease the Luna price so the stablecoins will keep the prices of the currencies they are pegged to. It took only four years for Luna to rush into the top 10 crypto coins list with the highest market cap.

Luna Price Prediction For 2022, 2023, 2024, 2025, and 2030

Most Terra Luna price predictions are positive, both short and long terms. Only a few experts are not entirely optimistic about the future price of Terra Luna. They still believe that the coin will grow but note that it seems that the growth will continue after a significant correction and won't be as quick as before. 

In 2021, Luna's price grew by a whopping 13,800%. On the one hand, we can state that the token established itself in the mainstream of cryptocurrencies and will probably reserve its place among the industry leaders. More than that, the DeFi space keeps on growing, and Terra, as the second biggest DeFi platform, will benefit from it. On the other hand, the coin's price is close to the overbought region, and the bullish trend gets weaker. The price will probably drop below $50 in 2022 at some point. The steady growth will, however, reoccur later. By the end of the year, Luna can reach around $155.

In 2023, the Luna price has a good chance of crossing the $200 mark, different experts say. In my opinion, by the end of 2023, the price may be as little as $180. I don't think that in 2023, the price will go further than $219. 2024 will be the year of yet another Bitcoin block reward halving. Halving often fuels the entire crypto market so Terra can have bigger wins that year, too. At best, it may reach up to $357. One year later, the price can grow by roughly 50%, reaching from $450 to $522 depending on the 2024 price.

Most experts agree that Terra is a strong project with a bright future. It is hard to tell how much the Luna token can cost in 2030. However, there is no doubt that the price of Terra Luna will keep on rising throughout the decade. The use case of the Terra platform itself fuels the token's price as the project is a step towards the times when people gain more control over their money through cryptocurrencies. Experts name figures from $1,200 to $3,555 as the Luna price for 2030. I lean toward the bullish side of the spectrum. The strong tokenomics Terra is based upon will keep this project among the leading crypto platforms. I believe that Luna will hit around $3,329 by the end of 2030.

Below you can see the table created on March 10, 2022.

The aforementioned price predictions can seriously differ in reality due to unexpected circumstances that are hard to predict as of now. So if you use the table above as an orienteer, please don't forget to follow the industry news. Wars, pandemics, political instability, new players in the industry, massive hacks, and other events can seriously impact the market.

Price Analysis For the Past Years

Terra Luna had a long period when the price was low. The coin appeared on the market in May of 2019. That was when the overall crypto market has still been in decline after a bull market of late 2017 - early 2018. Most cryptocurrencies were in decline in 2019. Many of them still didn't manage to return to the prices of January 2018. However, Bitcoin, as well as many other cryptocurrencies, have seen the new big bull run at the beginning of 2021. The price started to reach new heights; many coins peaked in April 2021. Terra Luna's price trajectory mostly resembles this path — low in 2019 and 2020, with a drastic increase in 2021. The difference is that in 2021 Luna gained fabulously and continues to update its record prices even now (March 2022) when most of the crypto market is far from its high point.

Terra Luna token appeared on the market in May 2019 at $3.31. Soon, the price went down. On May 26, Luna reached its bottom at $1.16 and resurged, exceeding $1.5 just in four days. In July, the price dropped below $1.5 again. It has been decreasing slowly from August to December. Beginning with the winter of 2018, Luna fluctuated in the 13 - 30 cents range for several months. March of 2020 saw a severe decline which coincided with the biggest downfall in the history of cryptocurrencies. It was triggered by the panic sale on the stock market caused by the news about the covid-19 emergence and coming pandemic. In March 2020, the Luna token reached its historical minimum at 12 cents per coin.

After the March decrease, Luna's price was shimmering around 20 cents per coin until August. Luna went through a short spike in August- September, reaching 60 cents at the top. However, the price then dropped to a $0.3 level. In November 2020, the Luna price began its rise to prominence. By the end of November, the price had reached $0.4. On December 31, 2020, the price was already 66 cents. In January, Luna crossed the $1 mark. In February 2021, the price fluctuated between $5 and $7 — dozens of times more than in March 2020. On March 1, 2021, the price was $5.35. It was the starting point of the huge long rally of the Luna price. On March 22, Luna peaked at $22 per coin, a new ATH. After May 19, the price declined, reaching $4.18 at the lowest. 

GO #LUNA GO!🥳 $LUNA / #Terra is like “ Screw you guys I’m going to the moon!! pic.twitter.com/75elUxYjQZ

— Marzell Money ⚡️ (@MarzellMoney) March 10, 2022

The next big rise began in July. The price was rising in a zigzag trajectory, reaching nearly $100 in December 2021 when most crypto coins were going through a decline. Then after a short fall in February when the price was around $50, Luna regained its heights, reaching ATH on March 9 at $103.

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Conclusion

Terra is a decent project that excellently meets the people's demand for quality DeFi platforms. More than that, Terra has multiple features that make this platform outstanding. The Terra Luna token, however, wasn't performing on the market that well in the first years. The 2021 success seems something that cannot be repeated. Nevertheless, most experts agree that the token will keep on gaining value. It's up to you whether you'd like to try investing in Luna right after a huge rally or will prefer an asset that seems to be more predictable. Before you make a decision, remember that you shouldn't invest more than you can afford to lose. Avoid emotional decisions. Always do your own research before you spend your hard-earned money.