If you want to understand Terra price prediction for the coming years, then there are many things that we should take into consideration. Over the last year, Terra (LUNA) became one of the fastest-growing digital currencies in the market. Due to this reason, we have seen a large number of investors becoming interested in it. But what should we expect for Terra price prediction in the coming years?
In this post, we are going to share with you all the information you should have about Terra price prediction. Moreover, we will share with you all the information you should have about this virtual currency and why this is one of the most attractive assets in the crypto market right now.
What is Terra (LUNA)?
Terra (LUNA) is a stablecoin-powered payment platform that became one of the next-generations blockchain solutions in the cryptocurrency market. This open-source project works with algorithmic stablecoins with the goal of pegging them to traditional fiat currencies.
We have heard of Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC) as cryptocurrencies that let us send and receive transactions. However, they might not be the best for investors and users that want to rely on stable and reliable payment methods.
This is why stablecoins such as Tether (USDT) became popular over the last few years in the cryptocurrency industry. Terra (LUNA) is one of those virtual currencies that is gaining attention from investors around the world.
In order for Terra to work, it has different retail payment partners. These partners create different stablecoins that make it possible for users to send and receive payments that do not have volatility. Thanks to this network, we have seen the expansion of different stablecoins such as TerraUSD (UST), TerraCNY, TerraJPY, TerraGBP and TerraEUR, among others.
By using the LUNA virtual currency, it is possible for the community to participate in the governance of this network. Moreover, it is also possible to operate the collateralizing mechanisms used for different stablecoin on this network. Furthermore, LUNA is used as part of Terra network validator through its Proof-of-Stake (PoS) consensus mechanism implemented on the network.
Due to all these features, nowadays, Luna is becoming an increasingly useful blockchain network that attracted the attention of investors that need to use different stablecoins. By using an API, merchants can easily integrate their payment solutions or point-of-sale (PoS) payment integrations with the Terra Station. In this way, transactions take place seamlessly and settlements are processed in just seconds.
One of the most important things to take into consideration is that Terra works as a blockchain-agnostic protocol. That means that Terra can be integrated into different DeFi (decentralized finance) solutions and networks. This would let the network become larger and see the creation of new and unique solutions in the cryptocurrency market.
Terra (LUNA) in the Cryptocurrency Market
In order to understand Luna’s expansion in the world, it is also very important to analyze its price and performance in the market over the last few years. This would then help us to understand Terra price prediction for the coming years as well.
According to data shared by CoinMarketCap, Terra (LUNA) has a price per coin of $75.39 and a market capitalization of $28 billion. But how did Terra (LUNA) reach these amazingly high price levels and valuations? Let’s have a look at the market evolution of this virtual currency.
The first thing that we should take into consideration is that Terra (LUNA) was released in 2019 and it dropped from $1.3 to below $0.20 per coin in March 2020. This shows that the official launch of the virtual currency was not so positive. Indeed, it showed that there was no demand for this virtual currency during its early days.
Furthermore, throughout 2020, the coin seemed to be traded relatively stable between $0.20 and $0.30 with some moments close to $0.60. However, things changed in late 2020 and early 2021 when Bitcoin (BTC) and other virtual currencies started moving higher.
We can see that the virtual currency experienced a massively large speculative push towards new highs. The coin was traded, in a matter of weeks, already above $5. This was in February and early March 2021 when Bitcoin and most digital currencies were moving higher and reaching all-time highs.
But things accelerated in March. We saw the virtual currency move above $20 for the first time in history. In just a few days, the coin surged from below $0.60 and it reached massively high prices ($22.4) a few months later. This shows that there has been a clear push from investors to bring this digital currency to new highs.
After reaching this all-time high, things have calmed down. Indeed, we have seen the coin enter a new bear trend that lasted until July 2021. The coin moved from $22.4 to almost $4 in just a few weeks.
Furthermore, things turned bullish once again during the second half of 2021. The price of this virtual currency started moving higher once again, reaching a price per coin of $30 as soon as in August 2021 and then it hit an all-time high in December 2021 when Terra (LUNA) surged to almost $100 per coin.
2022 started with a bear trend for the whole crypto market. Indeed, Terra (LUNA) has already corrected by 50%. Things could change in the future. However, this would highly depend on the direction of the market and whether Terra is able to attract a larger number of investors.
Terra Price Prediction – LUNA Price
It is now time to start talking about Terra price prediction and what could happen in the coming years. It is worth taking into account that this is just for educational purposes and should not be considered investment advice.
Terra Price Prediction 2022
When it comes to Terra price prediction for 2022, we see that the virtual currency started the year with a bearish trend. This has been repeated in many different virtual currencies over the last months and it could continue in this way throughout 2022.
In order to understand what could happen to Terra price prediction 2022, we should also analyze whether there are some fundamental features that could push the price of this virtual currency higher. We have seen that demand has been stronger than for other virtual currencies and that the coin is close to 15% down from the beginning of the year.
The crisis in Ukraine with the Russian invasion is expected to have a negative impact on the cryptocurrency market. This is why we should closely follow what could happen with this virtual currency and whether it will continue growing in the coming months.
In recent days, we have seen this virtual currency recover the same price that it had in late January. It is not that far from reaching an even situation compared to the price that it had in early 2022. We now need to wait and see whether Terra price prediction for 2022 will play out positively or negatively (bear trend).
Terra Price Prediction 2023
Let’s now move to Terra price prediction for the next year, 2023. There are two main possibilities that we have to analyze thinking about the whole cryptocurrency market moving together. The first thing that is worth taking into consideration is that the market turned bearish in 2022.
That means that we could see a new bear trend in 2022 before turning bullish in 2023. The bearish case scenario would allow the market to start recovering in 2023, which means that Terra price prediction would start recovering in 2023. This is similar to how the market recovered in 2019 after 2018’s bear trend in the crypto industry.
Let’s suppose that 2022 ends with new highs for most virtual currencies. This could be a moment in which there could be a sell-off. That means that 2023 could then become the bearish year. The year of the correction for Terra. But this is highly unexpected. We need to understand that virtual currencies fluctuate a lot and that we could see both a bear or a bull trend in 2022 and 2023.
As you can see, there are many things to take into consideration about virtual currencies in order to understand their price evolution.
Terra Price Prediction 2024
Now, Terra prediction for 2024 shows that we could both be having a bull or bear market. This would highly depend on the previous year, as it already happened with the previous one. 2024 could be a good year for Terra. This is why in this Terra price prediction we consider that there is a large possibility for this virtual currency to continue growing in 2024.
If 2023 was a bearish year, then we could see this digital asset starting to move higher. This would be a year of recovery if that happens. Similar to 2019 when bitcoin was trying to recover from 2018’s lows.
Now, if 2023 is a bullish year, we could see a continuation trend. We could see a new 2017 getting repeated or a new 2021. Nonetheless, this remains to be seen. The next halving for Bitcoin is expected in 2024, which could have an impact on other virtual currencies such as Terra (among others).
Terra Price Prediction 2025
Finally, we have Terra price prediction for 2025. This is not an easy thing to do. As you can see, the price of this virtual currency fluctuates on a daily basis. Therefore, predicting what could happen in the coming years is definitely a big challenge for analysts.
We believe that Terra price prediction for 2025 will depend on the general trend of the market. There are almost infinite possibilities about what could happen in the coming years. Hence, we cannot be certain about a price outcome for Terra in the next two to four years. We have to wait and try to manage our portfolio in order to understand how to better balance our investment strategies.
This is up to you. If you consider that Terra price prediction is going to be bullish, then you can allocate a small part of your portfolio to this coin. Make sure that you understand the risks and that you know that we are not financial advisors. This is not advice.
Where to buy Terra (LUNA)?
There are different cryptocurrency exchanges that will let you buy Terra (LUNA) right now. Some of these platforms include Binance, KuCoin, HuobiGlobal, Gate.io, Bybit and Bitfinex, among others.
The best thing to do is to always stick to the cryptocurrency exchanges with the largest liquidity. These are always the most trustworthy platforms in the market. You can also recognize them by their names.
When it comes to trading pairs and liquidity, Binance definitely takes the lead. This cryptocurrency exchange currently has 11 trading pairs tied to LUNA. These pairs are the following: LUNA/USDT, LUNA/BUSD, LUNA/BTC, LUNA/BNB, LUNA/EUR, LUNA/ETH, LUNA/TRY, LUNA/AUD, LUNA/UST, LUNA/BRL and LUNA/BIDR. Here you can see that there are different fiat currencies paired to LUNA, which is definitely positive for those users that want to buy this virtual currency.
At the time of writing this article, Binance’s trading pairs linked to LUNA account for over 27.5% of the total trading volume of this virtual currency around the world. That’s definitely huge in terms of trading volume.
KuCoin, instead, has five trading pairs: LUNA/USDT, LUNA/BTC, LUNA/USDT, LUNA/ETH and LUNA/KCS. These trading pairs account for 10% of the total trading volume of LUNA around the world.
Furthermore, we also have Huobi Global, which is currently offering four trading pairs linked to Terra (LUNA) with a total trading volume of 2.61%. These trading pairs include LUNA/USDT, LUNA/BTC, LUNA/HT and LUNA/UST.
How to buy Terra (LUNA)?
The main question that many investors searching for Terra price prediction are asking is how to buy Terra (LUNA)? The easiest way to do so is by opening an account at a cryptocurrency exchange. This can be done in just seconds depending on the platform that you are using.
Most cryptocurrency exchanges have already added standard sign-up processes. That means that most of these exchanges will ask you for the same information, including an ID photo, your name and surname, an email account and a password.
After creating a cryptocurrency exchange account, you will be able to deposit funds. You can deposit fiat currencies or other virtual currencies. It is up to you to decide the type of payment method that you use to buy Terra (LUNA).
Final Words About Terra Price Prediction
In this guide, we have seen how Terra price could evolve in the coming years. One thing is clear, there is no certainty about the direction of the market. There are many possibilities. We can only wait and see what could happen, but good analysts should pay attention to the fundamentals and technical aspects of this virtual currency and crypto blockchain project.