Is Luna a good investment for a cryptocurrency enthusiast? What will be the future of this coin?
If you are into crypto, you might be happy to know the answers to the above questions.
To your delight, we composed this article revealing important information about Luna based on technical analysis.
Overview – Is Terra Luna a Good Investment?
When it comes to cryptocurrencies, LUNA can be considered an exceptionally popular option this year. On April 5th, 2022, the crypto reached an ATH price of $119.18.
Terra’s stellar success has attracted crypto investors from all over the world, who are now flocking to the network.
This year’s climb in LUNA, a cryptocurrency, may be an incredibly astonishing performance in recent memory. It has nothing to do with Bitcoin and isn’t even the most touted cryptocurrency right now.
Here, we analyze and estimate the progress of Terra LUNA if it reaches $200 in price. As a prelude, let’s take a look at Terra (LUNA) and its present market position.
Introduction to Terra (LUNA)?
With the help of fiat-pegged stable coins, Terra was able to provide worldwide payment systems with a predictable value.
There’re a number of advantages to using Terra, including price stability along with the widespread use of fiat currency. That is in addition to Bitcoin’s censorship resistance.
In addition, Terra’s development began in Jan. 2018, and their mainnet became alive in Apr. 2019. Stablecoins tied to the USD, Mongolian Tugrik, Korean won, etc., are available. Also, other options are expected to be released in the future.
LUNA, Terra’s native token, and stable coin are also used to maintain the price stability factor. The LUNA investors are also allowed to propose and vote for governance changes accordingly.
What’s the Current Market Status of Terra Luna?
Terra continues to be an exceptionally active cryptocurrency on the market today. To get an idea of how much the Terra cryptocurrency costs, you may check out CoinMarketCap. In the previous 24 hours, Terra registered a growth of over 56%.
Market capitalization is about $5,761,112,248 with over $9,543,911,000 in daily trading activity for Terra. As a consequence, CoinMarketCap lists this cryptocurrency in the list of the top 20 most valuable ones.
LUNA can now be purchased on Binance, Huobi Global, and OKEx. We can claim that Terra has come a pretty long way in improving its technologies throughout the years.
We can say so based on these accomplishments. So, is Luna a good investment? You can decide after reading the remainder of this specific article.
Terra Price Analysis for 2022
Terra has so far done a good job of fighting off the negative market’s excessive volatility. Is it successful enough to persuade investors throughout the world that Terra promises crypto to buy this year?
Isn’t it already piqued your interest? There’s no reason to put it off any longer. Let’s have a look at the charts together in this price study of CoinQuora.
Isn’t it already piqued your interest? If you are interested in a long-term investment, the best thing is to study more charts.
As of May 2022, you might see a huge descending trend pattern related to LUNA. In fact, a descending pattern channel is an indication that shows a downward movement.
In addition to that, current LUNA charts show significantly higher lows and highs. The short-term bullish pattern is over as of this writing, and it faces a sudden bearish movement. So, it is better to wait for a couple of days at the least and observe these trends.
There Are Huge Fluctuations
This month, Terra reversed its bearish trend and began a bullish tone. This is due to the huge amount of trading that took place at the time.
As we already explained, Terra can be considered a potential cryptocurrency that may show impressive development. Although it shows a bearish movement currently, it had so many bullish movements in the recent past.
So, we expect it to become bullish again sooner or later. After all, fluctuations are part and parcel of any cryptocurrency. Is Terra Luna a good investment? Let’s dig deeper.
PS: if you wonder is STMX a good investment, here is a good StormX price prediction you should check out.
Terra Luna Price Prediction for 2022
It is true that Luna has a significant bearish movement as of this writing (11.05.2022). However, we don’t want to give up hopes on it yet. With the current price around $15, new investors may try it with some moderate investment.
On CoinMarketCap, Terra is now ranked 20th. Terra has a strong outlook for the market, but will Terra be able to hold on to that outlook in 2022? Are you eager to find out what happened?
So, what are we still sitting here doing? In our Terra price forecast for 2022, we’ll dig deep and find out more about it.
Besides, for people who wonder if the Jasmy coin is a good investment, here, we have composed this article with a Jasmy coin price prediction to help you make a rational decision.
● Terra Has Gone Bearish Drastically
Terra might be dragged to bear territory if the bears don’t have the upper hand. In the meantime, we have an optimistic outlook for Terra’s price in 2022. There was a good chance that this year would see a new all-time high for Terra.
However, in a very short period, we noticed a drastic bearish movement. We expect it to recover sooner. As long as the psychological barriers are broken, this will happen. But the chances for a drastic bullish movement are not that high at this moment.
Terra Luna Price Prediction for 2023
Terra’s price might rise to $350 probably by December 2023 if a highly positive trend grows and continues. First-half 2023 is expected to see a surge in growth and may reach $300.
It will thereafter slow slightly, but no big declines are forecast. It is true that $350 might look like an ambitious pricing point.
However, it’s not impossible in the future with new collaborations and innovations. So, is Luna a good investment? Probably yes if you are talking about a long-term hold.
Terra Luna Price Prediction for 2024
Terra’s price might rise as high as $500, yet it’s still a bargain. Furthermore, this is only conceivable if the market’s upward trend is maintained.
However, for all that to happen, all the psychological barriers should be broken, and the investments should be high.
Terra Luna Price Prediction for 2025
Updating, developing, and future forecasting projects are all based on the platform’s most recent improvements.
This might also increase Terra’s value in the cryptocurrency world, making it a good investment.
According to some forecasts, there may be a price jump to about $750 if all goes well.
Terra Luna Price Prediction for 2026
As we believe, Terra’s costs might rise up to a value of $900 within four years. To get there, Terra would just need to find more short- to long-term price objectives.
That will help to place buy or sell more orders. This suggests that Terra is on track to surpass the previous ATH within five years.
So, that’s what we have to say if you have the question, “is Terra Luna a good investment”.
In 2022, Terra had a promising future, at least until April. During May, however, it experienced a drastic drop in price.
But with current developments, we may witness new heights for Terra. That will happens as a result of continuous improvements in the ecosystem of Terra and the larger crypto market.
In addition to that, the Terra prediction at the end of 2022 may be $150. It might potentially break a new all-time high in 2022 if traders conclude that Terra is a worthy investment. That means the movements like Ethereum and Bitcoin, as previously said.
Furthermore, it’s possible that it may hit $200 before the end of the year. Our concern, however, is the massive drop this coin went through in May 2022.
Frequently Asked Questions
Now, let’s take a look at some frequently asked questions about Luna.
What Exactly is Luna?
In simplest terms, Luna is the native token of Terra. Terra, on the other hand, is a well-known blockchain protocol.
This specific blockchain protocol utilizes stablecoins that are pegged to FIAT.
Thanks to this integration, it exists as a pretty stable coin with an impressive payment system.
Should I Buy Terra LUNA As an Investment?
The truth is that there is a risk involved in any cryptocurrency investment that exists in the world.
However, some coins come with lower risk compared to many other options in the market.
Before investing in any crypto, including LUNA, you are supposed to conduct lengthy research.
Your research should not be limited to a single source; instead, try different sources to make an informed decision.
Can Terra Reach $200 by 2023?
Yes. There is a possibility for Terra LUNA to reach $200 by 2026. However, you cannot expect that to happen overnight.
So, we think that long-term investments are better in this case. For this to happen, however, there should be significant growth in terms of market capitalization.
How Can You Buy Terra?
The good news is that Terra can be bought through several different exchanges available today. For instance, you can purchase it through Upbit, Bitfinex, and Huobi.
In addition to that, Terra will soon be listed on the topmost exchanges. That will lead to a better future for Terra.
What is the Prediction for 2024?
According to various sources, Terra might search for $500. But we never know if it will be a reality.
In fact, predicting the price of a crypto coin is not the easiest task. The price might fluctuate based on various reasons.
How Much Will Terra Be in 2025?
According to various sources, the price of LUNA might reach the value of $750 in 2025.
Will LUNA Hit $1000 Any Sooner?
No. According to many sources, LUNA will take at least four more years to reach $900. That means it may hit $900 by 2026. So, you should not expect quick profit through LUNA.
Is Terra Luna a Good Investment?
If you ask, “is Terra Luna a good investment“, the answer is a “yes“. However, you should be prepared to accept fluctuations.