This Terra LUNA coin price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of Terra and its native token of LUNA has the potential to surge by over 1,500% between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy TEL Coin.
“stablecoins aim to provide price stability and a steady valuation.”– Investopedia.
Table of Contents
News about Terra Luna Coin
- Terra (Luna): Everything you need to know about the alt-coin
- LUNA Hits All-Time High as Terra Community Passes Popular Burn Proposal
When it comes to phenomenal gains in the crypto sphere, all attention is often on the likes of Bitcoin, Ethereum, and Dogecoin. However, one enormously overlooked digital asset that has surged by over 2000% this year is Terra Coin.
Best described as a fully digital, decentralized financial institution, Terra has its own decentralized reserve that allows users to earn interest on their digital assets, spend them through its payment system, and invest in synthetic stocks. And the platform’s native token of LUNA underpins much of what the company does.
But are you wondering if it’s too late to start investing in Terra Coin? You’re not alone, many people are curious about whether investing in it now is a good idea. I was one of those people until I began to use a range of factors to research the future price of Terra Coin such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Terra Coin. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our Terra Coin price prediction aims to answer all. But first, let’s start with just what Terra Coin is and how it works.
What is Terra Coin?
In 2018, the blockchain project of Terra was started by the South Korean-based Terraform Labs. The two men behind the project are Daniel Shin and Kwon. The former is an ex-Microsoft employee and both are well-versed in the development sphere.
Put simply, Terra powers other cryptocurrencies and financial apps led by Terra Labs such as the Terra U.S. Dollar (UST) which is pegged to the U.S. dollar via an algorithm. The aim of such stablecoins is to counteract the volatility associated with major cryptocurrencies like BTC and Ethereum.
In order to mint new UST tokens, a percentage of Luna (another digital token and reserve asset of Terra Labs) is “burned.” If the demand for UST rises with more people using the currency, more Luna will be automatically burned and diverted to a community pool. By doing so, stabilizes the price.
So for example, every time somebody uses UST to buy something like a cinema ticket or a meal, the transaction creates a fee that is similar to that generated during a credit card transaction. Said fee is then distributed back to those who own Luna tokens in the same way that a stock dividend is.
Pros and cons of Terra Coin
Like any decentralized project, Terra and its native token of LUNA have their fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of Terra.
|✔️ Terra is highly appealing to the stablecoin market.||❌ Whilst Asia is its main market, it still needs to expand in bigger markets like Europe and North America.|
|✔️ It boasts Interoperability with various blockchains.|
|✔️ Fast transaction speeds combined with low costs.|
Terra Coin FAQ
Do you still have questions about Terra Coin? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about this innovative digital asset to give you a better understanding of the original digital asset and its price potential.
How do you use Terra?
Terra Luna is the world’s biggest dual-token platform and is a network with two intertwined tokens that both have a variety of different uses. Firstly, LUNA coins are on their native blockchain. Secondly, Terra USD (TUSD) stablecoins are on the Ethereum blockchain.
How does Terra Coin gain value?
Like most cryptocurrencies, the value of Terra is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for Terra Coin is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can Terra reach $1,000 per token?
Based on its recent price surges and innovative nature of being a platform with a growing userbase looking to make a decent return on investment, it’s possible that Terra could reach $1,000 per token in the long term. Some crypto experts have predicted it could reach that price within the next five years.
Where do people buy, sell, and trade Terra Coin?
Experienced crypto users can buy, sell, and trade Terra from several crypto exchanges. However, if you are a new investor, then we suggest using a brokerage like eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Expert analysis of the Terra Coin price potential
One of the best tools we can use to try and determine the potential future price of AAVE is to analyze the opinions of various crypto experts. Let’s delve into three estimated growth outlooks for various industry experts and analysts.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to Terra Coin, WalletInvestor predicts that the price could reach somewhere around $99 by the end of this year and surge to over $296 by the year 2025.
DigitalCoinPrice is fairly bullish on its Terra Coin outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $73.69 by the end of 2021, $108.4 by the end of 2023, and finally, a figure of $155.79 by 2025.
Another rather bullish expert analysis on Terra Coin is LongForecast. They predict the price in 2021 to potentially reach up to $63.76 by the end of the year. By the end of 2023, they expect it to reach $465.77 and an incredible price of $1,104.19 by the year 2025.
With predictions of over $1,000 in the long term, the overall expert analysis on the future price of Terra Coin is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the Terra Coin price potential
Now we move on to technical analysis to try and predict the future price of Terra Coin. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Terra Luna Coin Price Prediction 2021 – 2022
Since the beginning of 2021, the price of Terra Coin skyrocketed by 1837% from $2.56 to its current price of $49.59. It’s predicted that the Terra Coin price will rise an additional 29% in the second half of 2021 and it’s then expected to close the year at $63.76. A year-to-year change of +2391%.
Terra Luna Coin Price Prediction 2022 – 2023
After starting the year at $63.76, it’s predicted that the price of Terra Coin will rise to $156.21 per coin in the first half of 2022, it’s then expected to gain $97.43 and finish the year at $253.64, which is a +411% gain on the current price.
Terra Luna Coin Price Prediction 2023 – 2024
After starting 2023 at $253.64, Terra Coin is expected to rise to a figure of $294.79 midway through the year before going on the rise again and ending the year at $465.77 at an overall annual increase of 839% from the current price.
Terra Luna Coin Price Prediction 2024 – 2025
After starting 2024 at $465.77, Terra Coin is expected to rise to $690.89 halfway through the year. The second half of 2024 is expected to see the price end the year at an incredible figure of $819.00. That’s an overall annual increase of 1552% on the current price.
Overall, Terra is an enormously overlooked digital asset that has demonstrated the ability to rise over 2000% in the past and with the predicted ability to do so again in the very near future. It has tremendous real-world value and is a popular digital asset amongst new crypto investors and experienced traders alike.
Whilst many people can see the significant potential in Terra Coin, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy Terra Coin?
Terra Coin is available to buy and trade on various crypto exchanges. But for beginners, we recommend starting with a trusted brokerage like eToro. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on crypto. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Cryptocurrency is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of Terra Coin and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.