Terra LUNA is the native token of the Terra 2.0 blockchain, a public protocol born from Terra Classic. Terra Classic was home to the TerraClassicUSD (UST) algorithmic stablecoin, which crashed into a bank run in May 2022, devaluing LUNA to practically zero and causing the launch of a new chain, giving life to Terra Classic and
Terra1.
Continuity and Growth
Terra 2.0 continues the Terra Classic legacy without UST stablecoins.
It will continue to grow with the help of the LUNA community called “LUNatics” and will evolve the UX and UI that brought Terra Classic to the top of second place in total value locked (TVL). Many dApps have agreed to migrate to Earth to continue working
.
LUNA’s role in Earth 2.0
LUNA‘s role in Terra 2.0 is that of a governance token, which allows its holders to propose and vote on critical decisions affecting the Terra 2.0 network, ensuring a democratized approach to blockchain governance.
Price Projections
When will it reach 1 dollar? According to forecasts from some websites, LUNA‘s price could reach 1 dollar by the end of 2024 or the beginning of 2025, depending on market factors and demand.
When will it reach 10 dollars? To reach 10 dollars, LUNA would have to increase its value by about 15 times compared to the current price of about 0.66 dollars. This could take several years, if not decades, unless there are exceptional events that push the price higher
.
When will it reach 100 dollars? To reach 100 dollars, LUNA would have to increase its value by about 150 times compared to the current price. This is a very ambitious and unlikely goal, which would require exponential and sustained growth over time
.
When will it reach 1000 dollars? To reach 1000 dollars, LUNA would have to increase its value by about 1500 times compared to the current price. This is a practically impossible goal, which would require a revolution in the cryptocurrency sector and unprecedented demand.
Investment Assessment
Is it considered a good investment? This is a question I can’t answer, because I’m not a financial advisor and I can’t provide investment advice. LUNA‘s price depends on many factors, including supply and demand, market conditions, regulations, competition, innovation, security, and investor confidence. LUNA is a volatile and risky cryptocurrency, which can experience strong price fluctuations in a short time. Before investing in LUNA or any other cryptocurrency, you should do extensive research, evaluate your objectives and risk tolerance, and consult a qualified expert if necessary.
Price Forecasts from 2024 to 2030
Based on the data I found on the web, I created a table that summarizes LUNA‘s price forecasts for the coming years, according to various sources. Please note that these are only indicative estimates and do not necessarily reflect the real value of LUNA in the
future.
| Anno | Minimum forecast | Average forecast | Maximum forecast |
|---|---|---|---|
| 2024 | $0.5586 | $0.6109 | $2.67 |
| 2025 | $0.6886 | $0.9637 | $3.38 |
| 2026 | $0.8186 | $1,3166 | $4.09 |
| 2027 | $0.9486 | $1.6695 | $4.80 |
| 2028 | $1,0786 | $2,0224 | $5.51 |
| 2029 | $1.2086 | $2.3753 | $6.22 |
| 2030 | $1.3386 | $2,7282 | $10.38 |
