Can LUNA Surpass $1 By Year End? 

Terra (LUNA), also known as Terra 2.0, is a public blockchain that emerged from Terra Classic. It was created after Terra Classic collapsed in a bank run. It had stablecoins pegged to various fiat currencies and offered fast and cheap transactions.

Despite the downfall of Terra Classic, Terra would continue to develop decentralized applications of Terra Classic but without the UST stablecoin. Also, Terra (LUNA) is used to secure the protocol’s stablecoin and pay for governance fees. Moreover, LUNA price may increase if the Terra ecosystem expands.

Terra price is on a continuous six-day gaining streak. The price bounced back from the 50-day EMA and is currently headed to surpass the recent swing high. The bulls are dominating in the short term and are committed to forming a rising price trajectory. 

Moreover, the recent sessions have experienced a complete dominance of the bulls at the lower levels which has shifted the long-term trend on the optimistic side. The price is nearing a 200-day EMA which might act as a hurdle for the bulls. Bulls need to surpass the 200-day EMA to continue with an optimistic trend. 

Terra Price Prediction 2023

LUNA had a 24-hour trading volume of $553.91 Million with a gain of 405% as compared to the last day. The live market cap of Terra is $499.754 Million and ranks 92nd among the top cryptos. The volume-to-market cap ratio is 107.36% indicating very high volatility in the market. 

The price prediction for November 2023 showcases a bullish outlook over the daily timeframe. The optimistic view of analysts estimates the price may reach a high of $1.02 by the year-end. Also, the pessimistic view of analysts estimates the price may drop to the $0.664 level. 

Terra Price Prediction 2024

As per the analysts, the most optimistic target that the Terra price may achieve is $1.4302 indicating an upside potential of 67.43% from the CMP. The average analyst price target is $1.195 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.967.  

Terra Price Prediction 2025

The most optimistic analyst forecast for Terra crypto expects the price to reach a high of $1.811 with a potential gain of 112.64% from the CMP. The minimum forecasted price by the end of 2025 is $1.212. The average predicted price till 2025 is $1.445. 

Terra Price Prediction 2026

The LUNA price may reach a high of $2.421 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $1.689 by 2026. 

Terra Price Prediction 2027

According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates the LUNA price to reach a high of $2.96. The minimum price target of analysts is $2.37 by 2027. 

Terra Price Prediction 2028

Till the year 2028, the overall crypto markets may have observed more exposure and evolved more. On the most optimistic side, the Terra price may advance to a high of $3.53. However, the pessimistic view of analysts expects the price to reach $2.88. 

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.