Terra Luna is a crypto project from the stable of Terraform Labs, a Singapore-based tech firm. The protocol aims to generate crypto adoption by creating a suite of algorithmic decentralised stablecoins needed for DeFi transactions. But, what makes Luna special? Is Luna worth buying still?
This guide provides answers to these questions, details on the Luna price prediction and the likely growth trajectory for the stablecoin-focused protocol.
Update – The LUNA price continued to drop further – read our updated ‘Will LUNA recover’ post.
Terra Luna Price Prediction 2024 – 2025
The price of LUNA has been heavily influenced by the leading cryptocurrency, Bitcoin. At the start of the year, BTC and various altcoins experienced a notable decline in their market capitalization. Nevertheless, the value of these coins has seen a slight rebound, bringing the total valuation of the emerging industry back to the $2 trillion mark.
Nonetheless, the bears have been on full show for the majority of the year, causing several promising projects to shed more than 90% of their value. Terra Luna’s price has been one of the most impacted. The digital asset shed 97% of its $115 price peg. However, the crypto space is known for remarkable comebacks. Hence, these are Luna price predictions for the following timelines:
- End of 2023 – The crypto market continues to gain more adoption and decentralised finance (DeFi) picks up steam. Terra may continue to grow in 2023 to a price of $10.
- End of 2025 – The maturation of its suite of financial products should see Luna’s price prediction hit a whopping $500 in the next three years.
| 🌔 Coin Name | Terra Classic |
| 💲 Price | $0.0001044 |
| 🔆 Coin Symbol | LUNC |
| ⏳ Price Change 1h | 0.37% |
| 🌕 Price Change 24h | 9.88% |
| 💵 Market Cap | $575,486,098 |
| 🥇 Rank | 136 |
| 🌐 24h Volume | $89,221,316 |
| 🔄 Circulating Supply | 5,514,126,124,837 |
| 💰 Total Supply | 6,513,409,279,855 |
Terra Luna Price History
The Terra Luna price has been at the bidding of the foremost digital asset, Bitcoin, much like other alternative currencies (altcoins) in the nascent industry. But the digital asset has seen explosive growth, nonetheless. Here are snapshots of the digital asset’s performance so far since launch.
For a start, the price of LUNA was set at $1.29 in late July 2019 with a tame performance all through much of the year. Changes occurred after a broader market consolidation which saw the utility token seek support at a $0.17 price peg.
LUNA saw its price skyrocket from then onwards, with the digital asset breaking into the limelight in the second half of 2021. Following a series of marginal gains in the first half of 2021, Luna surged by over 1,000% from $0.1 to $21.4. Slight corrections saw it dip to $5.95 in July 2021 before another round of rallies.
This time, the Terra blockchain was all out for a major announcement of its potential as the digital asset surged to a 52-week high of $99.72 in late December 2021.
Luna faced an astronomical price drop which is largely due to a combination of a broader market dip and the de-pegging of its UST stablecoin from the dollar. Now, the token will continue without the use of its algorithmic stablecoin, UST. Terra’s stablecoin projects are intrinsically tied to the performance of LUNA.
Terra Luna Price Prediction Long Term Outlook
The start of 2023 may see the Terra Luna price falter a bit but this is not expected to be a common sight. A breakaway from the bears would see Luna hit the runway once more to higher highs. If the token gets off to a good start in 2023, a price increase to $6 – $7 can be expected.
However, resistance may occur within the $6 price range as the bears fight back. This is certainly expected as the crypto market is known to be largely pegged to the price action of Bitcoin. The subsequent rally of BTC could influence LUNA, and we should see a comeback sooner rather than later.
In the long-term, Terra can become a hotbed for both DeFi and non-fungible tokens (NFTs). Lower transaction costs and network scalability have potentially made Terra one of the top 10 most valuable DeFi protocols. Therefore, the token can eventually reach a price of $15 or higher by the end of 2025.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Terra Luna Price Chart
Currently, LUNA is trading at $2.26 per token. With a current market cap of $288 million – LUNA is the 113th largest cryptocurrency in the space.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Is Terra Luna the Best Crypto to Buy in 2024?
Terra broke into the spotlight with much flourish and its utility token, LUNA, has been a major beneficiary. The blockchain’s rapid growth and relevance have made investors wonder if it takes the top spot of the best crypto to buy in 2024. While we can’t disregard Terra’s huge potential, we also have another crypto project that ticks the box.
Fight Out – Presale Crypto Offering Rewards for Workouts
The native token $FGHT is on presale and available at $0.0166 during the first stage. Investing in the project now enables investors to own an asset that increases in value as it enters the different presale stages.
The first stage of the presale has a hard cap of $5 million. Once it’s reached, the token bonus is removed. Investors who buy Fight Out tokens for $500 receive a 10% token bonus. An additional 10% is offered when an investor also chooses a 6-month vesting period.
An initial investment of $50,000 entitles an investor to claim a 25% bonus and another 25% is granted after selecting a 24-month vesting period.
Fight Out has allocated 60% of the 1 billion capped supply to the presale and another 30% to early investors.
Users receive reward tokens for completing workouts, earning badges and growing the community. Workouts are facilitated via an app, and REPS is the in-app currency that can be redeemed for merchandise, subscriptions and remote workouts.
Find out more about how to invest in $FGHT tokens by subscribing to the Fight Out Telegram channel and read more about the ecosystem on its whitepaper.
Of the 1 billion tokens in supply, Fight Out has allocated 90% of the tokens to the presale. Investors who wait for the coin to be listed will compete with the rest of the market for the remaining 10%.
| Presale Started | December 14 |
| Purchase Methods | ETH, USDT, Transak |
| Chain | Ethereum |
| Min Investment | N/A |
| Max Investment | N/A |
Conclusion
Terra has had a few rough days but the crypto project is still a recognized player in the DeFi space. While the token looks to recover in the long-term, our overall pick for the best cryptocurrency to invest in 2024 is Fight Out ($FGHT).
This move to earn token is currently on presale and stage 1 offers bonus tokens. Of the 1 billion tokens in supply, Fight Out has allocated only 10% of tokens to exchange liquidity. The presale makes the tokens more accessible at low prices.
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