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Terra Price Prediction

Terra is designed as a platform that stores stablecoins like LUNA and other similar currencies. Luna is a cryptocurrency. Terra is designed to work alongside Luna as a blockchain technology and payment gateway for algorithmic stablecoins.

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Terra is designed as a platform that stores stablecoins like LUNA and other similar currencies. Luna is a cryptocurrency. Terra is designed to work alongside Luna as a blockchain technology and payment gateway for algorithmic stablecoins.

The Terra LUNA project was developed by Terraform Labs, founded in 2018 by South Korean entrepreneurs Do Kwon and Daniel Shin. Until then, they were reassuring with all their projects and all the steps they took. It should be noted that some problems emerged in the following process.

Do Kwon, CEO of Terraform Labs, is well known for his efforts and investments in the blockchain sector. The Terra LUNA project and the payment company Chai were founded by Daniel Shin, who also served as CEO. In the following process, they came together for this project.

Who Backed Terra Luna?

The project has received over $32 million in investment from some of its major backers, including Terraform Labs and Binance Labs. Terraform Laboratories’ first cryptocurrency token was launched in 2019. Terra planned to offer an alternative to cryptocurrencies after 2022 with a stablecoin pegged to the US dollar, South Korean won and the euro. However, the recent LUNA crisis caused these projects to be shelved.

Terra’s main stablecoin, Terra USD, was created to reduce the volatility associated with cryptocurrencies such as Bitcoin and Ethereum. It basically worked like a bank for Luna. Community members could submit competitive incentive offers that the ecosystem would review and vote on. The proposals with the most votes were voted within this system. In the following process, some unexpected events happened. Let’s take a brief look at those events.

Terra Price Prediction

Terra Price Prediction 2023

In 2023, the price of the coin is expected to remain stable. Although average figures for this year have been announced, it is predicted that there will be a range between 1.19 – 1.30 USD.

Terra Price Prediction 2024

In 2024, the price of the coin is projected to decrease slightly. The minimum price is estimated at USD 0.89, the average price is USD 1.02 and the maximum price is USD 1.18.

Terra Price Prediction 2025

2025 will be the year when the biggest increase in the price of the coin is expected. Based on the indicated rates, a 45% increase is expected, with a minimum price of USD 1.23, an average price of USD 1.67 and a maximum price of USD 1.89. This year may be of interest to investors as the popularity of the coin increases.

Terra Classic Price Prediction 2026

In 2026, the price of the coin is expected to continue to decline. The minimum price is predicted to be 0.96 USD, the average price is 1.41 USD and the maximum price is 1.62 USD.

Terra Price Prediction 2027

In 2027, the price of the coin is expected to decrease slightly. The minimum price is estimated at USD 0.74, the average price is USD 1.06 and the maximum price is USD 1.22.

Terra Luna Classic Price Prediction 2028

In 2028, the coin’s price is expected to continue to increase slightly. The minimum price is predicted to be 0.92 USD, the average price is 1.19 USD and the maximum price is 1.43 USD.

Terra Luna Price Prediction 2029

In 2029, the price of the coin is expected to continue increasing. The minimum price is estimated at USD 1.11, the average price is USD 1.34 and the maximum price is USD 1.61.

Luna Terra Price Prediction 2030

In 2030, the biggest increase in the price of the coin is expected. According to the indicated rates, a 70% increase is predicted, with a minimum price of USD 1.84, an average price of USD 2.38 and a maximum price of USD 2.63. This year, with the coin’s growing popularity in the market and increasing demand, it may attract investors’ attention.

YearMinimum Price (USD)Average Price (USD)Maximum Price (USD)
2023$1.29$1.29$1.29
2024$0.89$1.02$1.18
2025$1.23$1.67$1.89
2026$0.96$1.41$1.62
2027$0.74$1.06$1.22
2028$0.92$1.19$1.43
2029$1.11$1.34$1.61
2030$1.84$2.38$2.63

 

How Did the Luna Crisis Happen?

The Terra protocol consisted of Terra and Luna parts. USD Luna was known as the Terra coin with the highest stability. When the calendars came to May 2022, the price balance on the UST side collapsed. LUNA coin suffered a major crisis. This event shook the cryptocurrency market as a whole.

Terra, which is actively traded on many exchanges and has millions of investors, lost value in May 2022. LUNA’s price collapsed by 99.99%. As a result of this situation, Luna fell from a value of 119 dollars with a 99% depreciation. In the next period, this situation would be called the biggest collapse of the cryptocurrency world by many authorities.

Major fund withdrawals in the days leading up to the collapse, investor concerns about cryptocurrencies and the falling Bitcoin price were the most likely causes. During the crisis, USTs were burned and replaced with LUNA, leading to an increase in supply and a drop in the price of LUNA. This was interpreted as destabilizing the monetary balance system.

 

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