Author: changehero
March 10, 2022

The synergy between UST and LUNA helped the latter to break out to $104 just a day ago. How did that happen, and what is Terra price prediction 2022 — in our new article. Terra Price Prediction 2022-2030 [table id=45 /] Terra price prediction 2022 is by the large bullish: experts expect that the rally […]

Terra Price Prediction 2022, 2025 and 2030

The synergy between UST and LUNA helped the latter to break out to $104 just a day ago. How did that happen, and what is Terra price prediction 2022 — in our new article.

Terra Price Prediction 2022-2030

[table id=45 /]

  • Terra price prediction 2022 is by the large bullish: experts expect that the rally will extend to $125 and even $200;
  • Estimates at which LUNA will be traded in 2025 are placed between $105 and 494;
  • Analysts that believe LUNA will be around in 2030 say it will be worth anywhere from $298.76 to $1,200.

What is LUNA?

Terra is a blockchain platform for quick and borderless payments, the main feature of which is algorithmic stablecoins pegged to different fiat currencies. Unlike fiat-backed stablecoins such as Tether and USD Coin, the price of Terra’s stablecoins is kept stable by an automated market maker which lets Luna and Terra’s stablecoins be traded in both directions.
The Terra platform’s native currency LUNA is instrumental in keeping the peg of stablecoins. It is used for buying and selling these stablecoins at a discount or a premium when the demand is high or low respectively.
Other than that, LUNA represents the voting power validators hold and can be staked or delegated for a source of passive income. Locked LUNA cannot be freely traded, and there is a vesting period of 21 days.
You can read more about the Terra protocol, stablecoins and the LUNA token in our Beginner’s Guide to Terra and LUNA.

LUNA Price History

LUNA Price in 2019-2020

Terraform Labs held three rounds of presale in May through October 2018 with a vesting period of 3 months to one year. By mid-2019, the tokens that were sold in the presale rounds for $0.1 to $0.8 arrived at the market.
Despite opening at $1.3, LUNA closed 2019 at $0.26. In 2020, trading volumes significantly increased but the price did not exceed $0.6 until closing at $0.65.

LUNA Price in 2021-2022

2021 has started a rally that led LUNA to multiply its price. By March, it was taken with a market-wide bull run up to $21.98 and by May it was back down at $4.10.
The second wave of the bull run massively improved the gains of LUNA holders further. In December 2021, it almost reached $100 and closed at $85.47.
On Mar 9, 2022LUNA defied all expectations and renewed its ATH: $104.58. Its current price is $93.90 and it ranks 7th by market capitalization on CoinMarketCap.

What Influences the Price of Terra Crypto?

Adoption

The Terra platform was designed to give opportunities to use stablecoins to a wide array of users. The more it onboards, the higher the demand for Terra’s stablecoins is, and the faster the algorithm providing price stability works.
One of the largest partners of Terra is CHAI, an e-commerce platform that led 1.3 million users to the ecosystem.

Token Economics

The relationship between UST and LUNA supply dynamics is what helped propel LUNA to its new high above $100. Anchor Protocol integrated Terra’s stablecoins and offered a 20% annual percentage yield. 
The demand was so high that the supply of UST increased dramatically, offering arbitrage opportunities for LUNA holders. Moreover, Luna Foundation Guard had to burn 4.2 million LUNA available in their treasury to balance out the curve.

DeFi and Staking

The integration and the subsequent rise in demand created a positive feedback for LUNA’s price. It became the second largest protocol in DeFi by total value locked and the most staked asset.
Large protocols that rank at the top of these ratings have a higher chance to attract new users that look for reliable ways to earn with DeFi.

LUNA on Twitter


Crypto and Web3 enthusiast Sheldon is bullish on LUNA, naming it one of the most innovative protocols out there. It’s hard to believe now how it can go back to $10!


Another influencer, IAN, explained in a thread why exactly LUNA is worth it and shared some resources.


How about a different perspective? User 0xAndrewRyan gives some counter-arguments for consideration.

Terra Price prediction 2022

In their Terra crypto price prediction 2022, Tech News Leader expects the LUNA price to peak at $151.47 by the end of the year. The price is expected to stay in the range between this peak and the resistance at $125.89.

YouTube channel Crypto Banter analyzed a thread with LUNA predictions based on UST adoption on a livestream. By the end of 2022, the analyst claims, if UST maintains a $3 billion market cap, LUNA, based on the supply dynamics, will be worth $203.
LUNA price prediction 2022 based on technical analysis by CoinQuora is even more bullish. The momentum behind the price action can take LUNA to the resistance of $126.38 and even to a psychological resistance at $150.

Terra (LUNA) Price prediction for 2023 and 2024

According to a prediction service Gov Capital, in 2023 the opening price of LUNA will reach $205.72. The average expected closing price in this Terra price prediction 2023 is $301.68.
Another prediction service, PricePrediction.net, claims that in 2024 the average price will be around $297.39. The average is calculated by taking into account the maximum price of $336.68 and minimal $289.36.

Terra (LUNA) Price prediction 2025

Long-term trend analysis by CryptoNewsZ gives a bullish outlook but sees LUNA reach only $105 by the middle of the decade. Possible reasons for Terra rallying could be market cycles and wider adoption.
Terra is evaluated positively by the WalletInvestor service. In their LUNA price prediction for 2025, by then, it can be trading in the range between $279 and $494.
More concrete estimates are provided by Digital Coin. They see LUNA appreciating by 80-148% from now and fluctuating between $172 and $237 on average.

Terra (LUNA) Price prediction 2030

Long term predictions are tricky, since there are always plenty of forces in action forming the price of an asset, some of which may not even exist yet. 
But if things go well for Terra, LUNA can be worth up to $1,200, Crypto Academy says. Crypto and Fire puts the target even higher, between $298.76 and $594.54.

ChangeHero LUNA price prediction

Terra’s approach to algorithmic stablecoins is proving to be a huge success. If Terraform Labs keeps up with the adoption efforts and more attractive use cases emerge for the stablecoins, LUNA is bound to succeed.
In the short term, it is reasonable to expect a correction but in the longer term, LUNA’s price can go well beyond $100.

How to get LUNA on ChangeHero?

Getting LUNA with crypto without sign-ups is possible on ChangeHero, and it’s very easy:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your LUNA wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives. 
    • The Best Rate transactions will use the rate current to the time when your funds arrive.
      The Fixed Rate will use the rate at the time of step 1;
  5. As soon as the exchange has been processed, your LUNA are on the way to your wallet. 

ChangeHero’s customer support is available 24/7 in the chat on our website or through the email: [email protected].

Conclusion

Terra’s story in the past couple of years is a booming success. It is showing that not only algorithmic stablecoins can be usable but also that a solid use case can give a native token, such as LUNA, massive value.
What do you think about these predictions? Let us know in the comments in our blog or in our social media: Twitter, Facebook, Reddit and in Telegram.

FAQ

[sc_fs_multi_faq headline-0=”h4″ question-0=”What is Terra and LUNA?” answer-0=”Terra is a protocol for creation and management of algorithmic stablecoins such as Terra USD (UST). The peg is maintained through burning and minting LUNA and trading them with the stablecoins.” image-0=”” headline-1=”h4″ question-1=”What will LUNA be worth in 2022?” answer-1=”Various sources give different LUNA price predictions 2022 ranging from $125.89 to $203.” image-1=”” headline-2=”h4″ question-2=”What will LUNA be worth by 2025?” answer-2=”Experts name targets in the range between $105 and $494 for LUNA in 2025.” image-2=”” headline-3=”h4″ question-3=”What will LUNA be worth in 2030?” answer-3=”By 2030, Terra can grow to $594.54 and even $1,200, analysts claim.” image-3=”” headline-4=”h4″ question-4=”Where to buy Terra (LUNA)?” answer-4=”You can buy Terra with crypto without any hassles or sign-ups on ChangeHero in three easy steps: pick a crypto pair, provide an amount. Choose between the Best or Fixed rate, proceed. Provide your LUNA wallet address and other details, read and accept Terms of Use and Privacy Policy. Make a single payment to the address ChangeHero will generate for the transaction. Wait a bit and the LUNA are in your wallet!” image-4=”” headline-5=”h4″ question-5=”Can Terra reach $1000?” answer-5=”Even optimistic predictions claim LUNA can reach and exceed $1,000 some time after 2025.” image-5=”” count=”6″ html=”true” css_class=””]


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Author: changehero
September 19, 2021

A rapid growth of UST and LUNA in the past few months has left people wondering, “What is Terra?” This is, in fact, an already working solution that takes the best of the worlds of payment processors and crypto — with stablecoins! In our Terra beginners guide we will explain why this platform became so […]

A rapid growth of UST and LUNA in the past few months has left people wondering, “What is Terra?” This is, in fact, an already working solution that takes the best of the worlds of payment processors and crypto — with stablecoins! In our Terra beginners guide we will explain why this platform became so popular these days and how it works.

Key Takeaways

  • Terra is a blockchain platform for quick and borderless payments, the main feature of which is algorithmic stablecoins pegged to different fiat currencies;
  • Terra platform is powered by its native currency LUNA which keeps the peg of stablecoins, is used in staking and voting;
  • Terra is backed by Terra Alliance of 15 East Asian e-commerce companies and is used by millions of mobile payments provider CHAI users.

What is Terra?

Terra is a blockchain platform that enables payments with stablecoins algorithmically stabilized by its native cryptocurrency Luna. Terra aims to combine the reliability of stablecoins with the benefits of blockchain technology: low transaction costs and borderlessness.
Unlike fiat-backed stablecoins such as Tether and USD Coin, the price of Terra’s stablecoins is kept stable by the protocol itself. The protocol includes an automated market maker which lets Luna and Terra’s stablecoins be traded in both directions.

How does Terra Collateralization Work?

Terra Collateralization
Source: Hashed – Medium

Terra platform has many stablecoins pegged to different fiat currencies, so what is TerraSDT that acts as an intermediary? It is a stablecoin the value of which is pegged to the International Monetary Fund’s SDR basket of currencies.
When the demand for stablecoins rises and the transaction activity grows, the price of stablecoins goes above the peg. The protocol issues new stablecoin tokens to bring it closer to peg and lets them be sold for LUNA for a higher price.
Conversely, in the event when the price of stablecoins goes below the peg, more LUNA is issued. The market-maker offers newly minted LUNA for Terra stablecoins, and the decline in value of a stablecoin is redistributed among LUNA holders.
Terra runs on Tendermint, which is one of the first Proof-of-Stake (PoS) algorithms ever. Tendermint smart contracts enable not only the Terra stablecoins and their collateralization but also on-chain governance and stabilize rewards for staking.

History of the Terra Project and the Team

What is Terra’s beginnings? After the boom of the crypto market in 2017, Terra founders Daniel Shin and Do Kwon decided to create an international system for payments on its basis. 
From its conception in early 2018 to the mainnet launch, almost a year and a half passed. Terra was finally launched in April 2019.
The project was backed by 15 large e-commerce companies (TMON, TiKi, Yanolja, Megabox, Musinsa and others) collectively known as Terra Alliance. The platform had an ICO, participants of which included Binance, Huobi Capital and Coinbase Ventures.
To hold the pre-sale, as well as for the purpose of supporting further development, Terraform Labs was created. The company is based in Seoul, and the board now consists of four executives: Do Kwon as the CEO, Brian Jung, Nicolas Platias and Paul Kim.

What is LUNA?

LUNA logo
Source: Crypto Logos

Luna was already mentioned in the previous sections of this Terra beginners guide. This is a native currency of the Terra platform which stabilizes the price of stablecoins.
LUNA plays a crucial role in maintaining the protocol as well, as it is the coin that is necessary for staking. Terra uses the delegated PoS model: there are a limited number of validators to whom users can delegate their LUNA for a share of their rewards.
The rewards of validators come from three sources: gas, taxes that act as stabilization fee and seigniorage. Seigniorage rewards come from participating in the work of market-maker oracle.
LUNA also represents voting power so the validators that collect more tokens will have more say in the workings of the protocol. Particularly, some things that they can decide on are tax rates, community funds spending and reward rates.
The supply of LUNA coin is dynamic since the coins are constantly burned and minted but it has a hard cap of 1 billion LUNA.

LUNA Use Cases

LUNA is mainly used in the previously described ways: for staking (or delegating) or voting.
When LUNA is staked or delegated, it is bonded in the protocol and cannot be freely traded. There is a vesting period of 21 days for unbonding LUNA but transferring bonded tokens between validators can be done instantly.
Voting power of LUNA is relevant mostly to the active validators. However, users also can participate by delegating their stake to the delegate they agree with.
Fundamentally, Luna tokens represent the value of the Terra payment network. Holding LUNA means having a long-term stake in the future of the protocol.

Comparison with Similar Platforms and Cryptocurrencies

The relationship between Terra stablecoins and LUNA is very reminiscent of the DAI and Maker pair. There are a couple of crucial differences, though.
The DAI stablecoin is pegged exclusively to the US dollar while Terra has several stablecoins pegged to USD, EUR, Chinese yuan, Japanese yen, UK pound and Korean won. Another difference is that DAI and Maker run on Ethereum and are both ERC-20 tokens.

What is Terra Criticized For?

Terra development has a history of delays of major upgrades. Savings accounts were delayed in 2020, and Columbus-5 was moved to late September.
While delays are not inherently bad and give developers more time to improve the security, stakeholders might get frustrated.
Algorithmic stablecoins are also more sensitive to market fluctuations. The team even admitted that themselves and is going to launch a fund for contingencies.

Partnerships and Future of Terra

Speaking of Columbus-5, what is in the upcoming update? Most importantly, it will bring interoperability with the Cosmos network but also burn seigniorage fees and redirect swap fees to oracle validators instead.
For the more distant future, the community is considering increasing interoperability with Ethereum, Solana and, of course, more stablecoins.
One of the most significant partnerships of Terra is with Chai, a mobile payment app. The 10 million-user mobile payment provider uses Terra blockchain for processing payments.

Terra on Social Media


Yahoo Finance anchor Zack Gusmán personally vouches for Terra Money (and links a useful video that explains what is Terra down below). He underlines how the project manages to combine the reach of cash with decentralized digital payments.


Influencer Nicolas Flamel explains LUNA and Terra stablecoins dynamic in a thread and explains how it affects the price. Long story short, LUNA holders are in a very good position right now!


Even unofficial news sources for Terra are of the quality on par with the official ones. This infographic, for example, demonstrates the recent votes of the community.

What is the Best LUNA Crypto Wallet?

Now that we have covered the fundamentals, let us give you some practical advice in this Terra beginners guide. Before you make a purchase, make sure you have a cryptocurrency wallet to store LUNA.
There is an official wallet for all platforms that supports all the features of Terra platform. 
In case you need a hardware wallet, we can recommend Trezor. In the Trezor Suite companion app, you can swap the assets with ChangeHero without switching between apps or windows.

How to Exchange LUNA?

If you want to exchange your crypto to LUNA and need a refresher on how exchanging with ChangeHero works, we’re here to help:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your LUNA wallet address in the next step and check the amounts;
  2. Double-check the provided information, make sure to read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of crypto currency you will be exchanging. For a Fixed Rate transactions you have a 15 minute limit;
  4. Sit back and relax. At this step we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
  5. As soon as the exchange has been processed, your LUNA are on the way to your wallet. That is it!

If you ever run into any issues during your swap, our support team is always available to help you out in the chat or through the email: [email protected].

Conclusion

While other projects promise to build systems that would transform payments, Terra is already doing it. This explains how it rapidly grew and entered the top cryptocurrencies this year.
If you enjoyed this Terra beginners guide, check out our blog for more. Follow ChangHero on Twitter, Facebook, Reddit and Telegram for daily updates and more content.

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h4″ question-0=”Who created Terra crypto?” answer-0=”Terra crypto platform was founded by Daniel Shin and Do Kwon in 2018. The company they created is called Terraform Labs.” image-0=”” headline-1=”h4″ question-1=”What is Terra and LUNA?” answer-1=”Terra is a blockchain-based payment platform that uses algorithmic stablecoins. LUNA is the utility token of the platform that is used in backing stablecoins, governance and staking.” image-1=”” headline-2=”h4″ question-2=”What is the purpose of Terra LUNA?” answer-2=”LUNA is the coin that underpins the value of the Terra platform. The protocol’s market maker matches LUNA pairs with stablecoins to keep their price stable by supply and demand dynamics.” image-2=”” headline-3=”h4″ question-3=”How do I get LUNA Terra?” answer-3=”You can exchange any of the supported one hundred cryptocurrencies for LUNA on ChangeHero. It is easy, quick and secure: set a desirable amount, provide addresses, check the details and send a single transaction.” image-3=”” headline-4=”h4″ question-4=”How many Terra LUNAs are there?” answer-4=”The supply of LUNA is dynamic but capped at 1 billion LUNA. The current circulating supply of LUNA is 402,424,393.43 LUNA and liquid supply is 943,319,613 LUNA.” image-4=”” count=”5″ html=”true” css_class=””]


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