What is Terra?
Terra is the new LUNA 2.0 launched by the Terra founder Do Kwon.
After an incredible demise and unprecedented crash of the original Terra Luna project that went from a $60 billion protocol to almost zero, Kwonman (popular name for this conman) decided to do another round of plundering crypto noobs by launching the same thing under the same name.
He “geniously” renamed the old, worthless protocol and coins to Terra Luna Classic and took the original name Terra Luna for his Luna 2.0 robbery attempt.
LUNA Price Prediction 2023
Below we take a look at LUNA and examine some details and predictions to estimate a reasonable price for 2022, as well as for the upcoming years. It should be noted that while price predictions are based on data, and often are analyzed by AI, they should never be taken as financial advice nor be used as a solid basis for an investment, and neither should this article. It is always highly recommended users do their own research into the projects whose tokens they wish to invest in.
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will LUNA develop in the short-term (for the next 90 days), according to our prediction model:
Essential tools you need to succeed in crypto
Wallets
Hardware wallets are the safest! Pick one of the three:
✔️Ledger Nano X
✔️Trezor
✔️CoolWallet Pro.
Tax Calculators
Don’t get in trouble with the government let these magic tools do all the heavy-lifting when it comes to your crypto taxes:
✔️Koinly
✔️Cointracking
✔️ZenLedger.
Trading Tools
A good charting tool is a must if you want to try yourself out as a day-trader. ✔️Tradingview is best known but
✔️Bitsgap
✔️Coinrule
✔️Cryptohopper
are also excellent plus they allow automated trading.
Terra Luna Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
LUNA Price Prediction 2025
Our prediction model sees LUNA reaching $ 2.08 in 2025.
What will LUNA be worth in 5 years?
The price of LUNA in 5 years could lie around $ 0, according to CaptainAltcoin’s prediction model.
Terra Price Prediction 2030 – 2040
What Terra will be worth in 2030?
Our forecasting model sees Terra reaching $0 in 2030.
What Terra will be worth in 2040?
Our forecasting model sees Terra reaching $0 in 2040.
Will Terra replace / surpass / overtake Bitcoin?
No, Terra will not replace or overtake BTC.
Can Terra reach $10?
No, our prediction model sees no possibility for Terra to reach $10 in the short or mid-term period.
Can Terra reach $100?
No, our prediction model sees no possibility for Terra to reach $100 in the short or mid-term period.
Can Terra reach $1000?
No, our prediction model sees no possibility for Terra to reach $1000 in the short or mid-term period.
How high will Terra go?
Our forecasting model sees Terra price crashing and dropping to near 0 in a distanced future.
Is Terra worth buying?
We do not see a bright future for Terra. It is worth buying only as a short-term speculation with a good exit strategy. Terra is not a good long-term hold.
Is Terra a good investment?
Terra is not a good investment in our opinion. Why? Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven.
Can Terra make you a millionaire?
No, Terra can not make you a millionaire as we do not see it doing a 10x price increase any time in the future.
How much will Terra be worth?
For the short-term future, it could reach $0.5818. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts.
Why will Terra succeed and go up in price?
Terra has a slim chance of succeeding. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents Terra to succeed and rise in price for the long-term.
What is the short-term prediction for Terra?
Terra will reach $0.5818 in the next 90 days, which is a 58.4% change over the current price which hovers around $1.40.
Terra Price Prediction Today - What will be the price of Terra tomorrow?
Terra will hover around $1.51 tomorrow.
Will Terra keep going down?
Terra is following an overall market trend which is bearish. That means that its price will keep dropping in the near- and short-term future.
Could Terra crash and go to zero?
Terra could very well be a dead project in 5 years or so. Once exchanges delist it and people can't trade it, you can call it a day - Terra will be in a graveyard of crypto coins.
Can Terra explode?
No, Terra price will not explode and record 5-10x pumps; but grow more modestly with an increase of 6.4% in the next year.
What will be the price of Terra in 10 years?
Terra price in 10 years will hover between $0 and $0.
Terra Price Prediction 2023 - What will Terra be worth in 2023?
Terra will reach $0.9006 in 2023, which is a 35.6% change over the current price.
Terra Price Prediction 2024 - What will Terra be worth in 2024?
Terra will reach $0.4643 in 2024, which is a 66.8% change over the current price.
Terra Price Prediction 2026 - What will Terra be worth in 2026?
Terra will reach $0 in 2026, which is a 100% change over the current price.
Terra Price Prediction 2027 - What will Terra be worth in 2027?
Terra will reach $0 in 2027, which is a 100% change over the current price.
Terra Price Prediction 2028 - What will Terra be worth in 2028?
Terra will reach $0 in 2028, which is a 100% change over the current price.
Terra Price Prediction 2029 - What will Terra be worth in 2029?
Terra will reach $0 in 2029, which is a 100% change over the current price.
Terra Price Prediction 2050 - What will Terra be worth in 2050?
Terra will reach $0 in 2050, which is a 100% change over the current price.
Fundamentals
Use Cases
LUNA has 3 primary use cases. It is on one hand a governance token that can be used for voting purposes[1], and more interestingly, it is the reserve asset for UST[2]. In order to mint 1 TerraUSD, $1 worth of the reserve asset (which in this case is LUNA) must be burned[2].
Lastly LUNA is used for mining rewards, who in the short term absorb Terra contraction costs, but in the mid to long term are rewarded with increased mining rewards.[1]
Tokenomics
According to data gathered from CoinMarketCap and Messari:
The total supply currently sits at around 990,000,000, without a max supply
Of that, ~406,000,000 are in circulation
And its inflation rate is currently at 6.26%
Some supplemental data:
Its market cap is currently around $11,460,000,000
Its fully diluted market cap is ~$27,000,000,000
It is ranked at #16 on CoinMarketCap and at #2 for DeFi on Messari
The max supply of LUNA is currently not set, meaning that there is no cap as to how many tokens can exist. This can put it at the risk of additional inflation in the future since no ceiling exists that puts a limit on token mintage.
The data presented above can be subject to change, always visit the source for up-to-date information: Coinmarketcap – Messari
Team
According to CoinMarketCap: Terra was founded in January 2018 by Daniel Shin and Do Kwon. Together, they came up with the idea of a project that can drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability.
Kwon took on the position of CEO of Terraform Labs, the company behind Terra. Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON — a major South Korean e-commerce platform.
He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies. Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple.
The project has a sizable Twitter account that has over 100,000 followers at the time of writing. The account is very active in retweeting several relevant content every day, and it itself tweets about once per day. Their original tweets are often about the project itself, as well as about DeFi in general; with the occasional reply here and there. What the account doesn’t do is shill the token, promise gains, overhype the project… etc, which inspires some confidence and trust.
Besides their Twitter, the project also has a YouTube channel, which currently has over 5,000 subscribers and a total view count a little north of 190,000. At the time of writing, the channel hasn’t uploaded anything in over 3 months; and based on their uploads, they seemed to have aimed for a monthly schedule. The channel features content such as AMAs and intros, and their most watched video is a 3 minute explanation of how Terra works.
Lastly, as is common with most projects, they also have a Medium where they post articles and blogs. For more in-depth updates, followers of the project can tune in to read about the latest the project has to talk about.
In terms of brand image, the project uses abstract and futuristic visuals with white, gray, black and blue shades; and their tone of voice is quite bold based on how they express their claims on their website.
Read also:
- Nano Price Prediction | 2025 | 2030 – Future Forecast For NANO Price
- SafeMoon Price Prediction 2023 – 2025 – 2030 | SAFEMOON Forecast
- Algorand Price Prediction 2023 – 2025 – 2030 | ALGO Potential
- Shiba Inu Price Prediction 2023 – 2025 – 2030
- Fantom ($FTM) Price Prediction 2023 – 2025
Community
Their official Reddit sub is currently home to ~5,600 members, and considering that sort of size, it is relatively active; seeing multiple posts throughout the day, almost all of which are engaged with.
Next comes their Discord channel, the invite for which (which is given by the official website) is unfortunately expired.
And lastly, is their official Telegram public discussion group. There are currently around 20,500 members who engage in conversations throughout the day, and while the quality of the messages differ from one user to the next, genuine and interesting discussions do tend to emerge.
Overall it seems like the community is rather active regardless of their sizes across different platforms, which is reasonable considering the scope and accomplishments of the project.
Exchanges & Wallet Support
There are currently around 71 markets for LUNA across dozens of exchanges, as well as 5 commonly used and trusted wallets in which users can store their tokens[3].
Market Price Prediction
Here are what different websites are forecasting for LUNA:
Wallet Investor*
According to Wallet Investor’s forecasts, LUNA can reach ~$28.96 (+6%**) by the end of this year, and ~$60.58 (+122%**) in 5 years time. It ranks LUNA as an A+ cryptocurrency in terms of predictability, the highest it has to offer.
| 2021-2022 | 2026 |
| ~$28.96 | ~$60.58 |
Digital Coin Price*
On the other hand, Digital Coin Price makes a forecast of ~$25.23 (-7.5%**) for the end of 2021, and a price of ~$55.84 (+104**) for the year of 2026. A different start, but a shared idea for long term growth.
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
| ~$25.23 | ~$28.17 | ~$37.19 | ~$39.80 | ~$48.7 | ~$55.84 | ~$52.53 | ~$75.62 |
Trading Beasts*
Lastly, Trading Beasts predicts a noticeable drop in price for the end of 2021, down to ~$22.35 (-18%**), and a minor increase for the end of 2024, ~$28.90 (+5.9%**).
| 2021 | 2022 | 2023 | 2024 |
| ~$22.35 | ~$24.47 | ~$26.68 | ~$28.90 |
*These predictions are merely supplemental data and should not be taken as financial advice
**Percentages are approximately based on current value and could change anytime
LUNA Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
Terra price prediction 2025 -2030 – 2040
Our prediction model sees LUNA reaching new highs in 2025:
$ 2.08What will LUNA be worth in 5 years?
The price of LUNA in 5 years could lie around $ 0, according to CaptainAltcoin’s prediction model.
Where & How To Buy LUNA
Where to buy LUNA:
LUNA is available in dozens of exchanges, including but not limited to: Binance, Huobi, KuCoin and Phemex[3].
How to buy LUNA:
The process of buying crypto can differ from exchange to exchange, but here are solid guidelines on how to buy LUNA:
- Select an exchange that supports LUNA and check for KYC (account verification) requirements and available payment methods.
- Create an account on your preferred exchange.
- Purchase LUNA with your preferred payment method.
Already have an account on an exchange that supports LUNA?
- Purchase LUNA with your preferred payment method.
Or
- Swap some of your tokens with LUNA.
Note: When buying or swapping tokens, some exchanges may have minimum amounts in place. Additionally, most exchanges issue varying fees for purchases and swaps.
LUNA Wallets
The following wallets support the LUNA token[4]:
- Terra Wallet
- Ledger (hardware wallet)
- Trezor (hardware wallet)
- Trust Wallet
- Math Wallet
Summing It All Up
Projects that focus on adoption always have interesting approaches to adoption-related problems, and Terra is one such project. As cryptocurrencies gain more popularity, projects like Terra can become more valuable.
That being said, it is important to note that they are not the only project with an adoption-driven approach; and broadly speaking, almost all projects put a certain amount of effort into being adopted, regardless of how ideal their project is for such a process.
References & Resources:
- Terra.money/whitepaper
- Medium.com/terra-money/ust
- Coinmarketcap.com/luna/markets
- Coinmarketcap.com/luna/wallets
- Coinmarketcap
- Messari
- Walletinvestor
- Digitalcoinprice
- Tradingbeasts
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
