Luna Price Prediction: Is it Buying Time?
Wondering where the Luna coin will stand in the future amid its recent debacle? Read below to find out what experts say about Luna’s price prediction in 2023, 2025 & 2030. The crypto market has been experiencing a decline since the start of this year. But, after reaching its highest, the sudden collapse of Luna by terraform labs in May 2022 has further worsened the situation. Today, investors lack confidence in the crypto market. Whereas all the top coins like BTC, ETH, and BNB are also losing their value.
The downfall of Luna has left a severe impact on the entire crypto market. And we might continue to experience its aftershocks for a long time. So, if you’re a Luna investor or not, you must follow the Terra Luna price predictions after the crash closely!
How did Luna crash?
To understand the Terra Luna debacle, you must know how Terra operates. Terra blockchain works on the swapping mechanism of two coins; UST and Luna. UST is a stable coin pegged with fiat currencies like the US Dollar. This blockchain maintains the stability of UST at $1 by paying you through Luna. Also, its Anchor protocol allows you to get a 20% yield if you buy and deposit UST to it.
But, as a crypto whale bought $285 million of UST with Bitcoins, its price drastically decreased to under $1. This led to UST losing its peg to the US dollar, and its native coin, Luna's price, also dwindled. Because of that, holders started to liquidate their profits, causing the entire Terra Luna ecosystem to crash.
As of 23 May 2022, Luna is worth only $0.00019, which was around $116 in the previous month. Comparably, the current price of UST is $0.07112, which was maintaining its price at $1.
Can the Terra Luna Ecosystem Recover? - Terra Luna Price Predictions
Can we expect the revival of the Terra Luna ecosystem or not? It is almost impractical to guess it because of the high volatility in the blockchain. But, observing the long-term Terra Luna price predictions might help us evaluate the situation. Let’s take a look!
Terra Luna Price Predictions 2023
According to the DigitalCoinPrice current estimates, Luna will be averaging $0.000273 next year. Its lowest price will be $0.000253, and it can go to a highest of $0.000302.
Terra Luna Price Predictions 2025
Luna Price predictions for 2025 suggest that it will be averaging $0.000372 and can reach the maximum price value of $0.000400. Yet, the minimum price of Luna will be around $0.000331.
Terra Luna Price Predictions 2030
The forecast does not suggest Luna go bullish till the year 2030. It will still be maintaining the average price of only $0.000884 in 2030. It might reach the highest of $0.000903, whereas its lowest price will be $0.000848.
Is Luna Coin a Good Investment?
Luna's price today and the Luna price predictions till 2030 do not suggest that it will regain its position. According to the forecast, Luna is unlikely to reach the $1 mark.
But, as the Terra Labs are taking some majors to revive the ecosystem, investment in Luna is a gamble. So, if you are already holding the Luna coins, it is better to keep them and patiently hope for the revival of Luna.
Please note that our Luna price prediction is based on the general observation of the crypto market conditions and should not be taken as financial advice. If you are interested in investing in Luna coin, carry out your own research before coming to any conclusion.
Author: Wasay Ali
Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.