- Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic hosts the algorithmic stablecoin TerraClassicUSD (UST).
- Terra, with the help of a community called “LUNAtics,” which strives to provide a world-class user experience (UX) and user interface (UI), will continue to develop Terra Classic, placing it as the second-highest Total Value Locked (TVL) protocol globally.
- These predictions are based on current market conditions and expectations for Terra’s future development. Price predictions are not investment advice.
Terra (LUNA) has been gaining attention recently due to its rise in value: 2024 – 2030 price predictions for LUNA coin are available on COINOTAG!
What Is Terra (LUNA) Coin? LUNA Coin Predictions!
Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic, which hosted the algorithmic stablecoin TerraClassicUSD (UST). However, the UST backed by LUNC tokens collapsed during a bank run in May 2022. This caused LUNA to plummet almost to zero and led to the launch of a new chain called Terra Classic and Terra.
The development of Terra Classic began in January 2018, and the blockchain was launched in April 2019. Terra Classic aimed to combine the price stability of fiat currencies, such as the US dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund’s (IMF) Special Drawing Right (SDR) basket, with the censorship resistance of Bitcoin (BTC) while providing fast and cost-effective transactions.
The new Terra blockchain continues the legacy of Terra Classic without the UST stablecoin. Terra, with the assistance of the “LUNAtics” community, will continue to develop with a world-class user experience (UX) and user interface (UI), placing it as the second-highest Total Value Locked (TVL) protocol globally. Many DApps have agreed to migrate to Terra to maintain their functionality.
2024 Price Predictions
In 2024, Terra needs to regain the stability of UST and strengthen its position in the DeFi space. We predict that the price of LUNA will range between $0.50 and $1.00 during this year.
2025 Price Predictions
In 2025, we expect Terra to provide lasting stability to UST and develop new DeFi applications. We predict that the price of LUNA will range between $1.50 and $2.00 in this year.
2026 Price Predictions
In 2026, we anticipate Terra becoming the dominant stablecoin for UST and a leading DeFi platform. We predict that the price of LUNA will range between $2.50 and $3.00 during this year.
2027 Price Predictions
In 2027, we expect Terra to expand into new areas like the metaverse and Web3. We predict that the price of LUNA will range between $5.00 and $10.00 in this year.
2028 Price Predictions
In 2028, we expect Terra to become a global blockchain platform. We predict that the price of LUNA will range between $10.00 and $20.00 during this year.
2029 Price Predictions
In 2029, we anticipate Terra surpassing other major blockchain platforms like Ethereum and Solana. We predict that the price of LUNA will range between $20.00 and $50.00 in this year.
2030 Price Predictions
In 2030, we expect Terra to play a significant role in the development of decentralized finance, the metaverse, and other emerging technologies. We predict that the price of LUNA will range between $50.00 and $100.00 during this year.
These predictions are based on current market conditions and expectations for Terra’s future development. Price predictions are not investment advice.
We expect significant growth in the price of LUNA between 2024 and 2030. Terra’s ability to regain UST stability and strengthen its position in the DeFi space makes LUNA an attractive investment for the future.
