TERRA LUNA CLASSIC Price Chart
This year is a hard one for the crypto market. The hardest hit was seen on the Terra coin price chart, which suffered a crash due to the fact that the algorithmic stablecoin of the Terra protocol called Terra USD (UST) lost its peg to the dollar.
What’s the Terra price now?
On April 5, the Terra to USD price reached a historical high of $119.18, and on May 13 it collapsed to a minimum of $0.000000999967, losing 100% of its value.
At the time of this writing, the new LUNA token was trading at $2.15, over the past day it has grown by 1.35%. The capitalization of LUNA today is $273,401,608.
What’s interesting, in the first quarter of 2021, the LUNA exchange rate showed exponential growth. From January 1 to March 21, the Terra token price increased by 3334% – from $0.64 to $21.98 per token
Terra coin news: what to expect from Do Kwon?
Against the backdrop of what happened, the news on the Terra token price seem sad. As can be seen on the Terra live price chart the crypto community has lost confidence in this project and algorithmic stablecoins.
Nevertheless, the head of Terra, Do Kwon, is making attempts to stabilize the Terra price charts. On May 16, he proposed a hard fork (restart) of Terra to revive the project.
On May 16, the Luna Foundation Guard also revealed that it had used a large amount of the project’s cryptocurrency reserves to maintain the UST peg to the USD, spending almost $3 billion.
On May 27, Do Kwon announced a historical Terra coin news – the hardfork of the network.
Terra price prediction
Near-term sentiment for Terra USD price was predictably bearish, according to the CoinCodex technical analysis.
Wallet Investor, a predictive service, continues to call LUNA a “great investment.” According to the Terra price prediction of the service, the cost of the coin can reach $70,911 by the end of 2022 and rise to $259,839 by the end of 2025. The five-year forecast for Terra to USD shows that by the end of May 2027, the pair could rise to $313,428.
The Terra coin price chart forecast from Digital Coin is more realistic (given the current situation) and much more pessimistic at the same time. It assumes the next yearly average prices:
- 2022 – $4
- 2023 – $10
- 2025 – $50
- 2030 – $60.
Why the Terra price now is a great investment opportunity
Despite the crash, Terra is a promising project based on stability and thereby giving users confidence in digital financial transactions. The ecosystem is easily scalable and already covers millions of users in several countries around the world. Network security and stability are supported by stakers. The protocol has been verified by audit companies and has been successfully operating since 2019. Not having all of this, the Terra price charts would have never shown us such high figures. Also you can see Liquity live price chart.
