Terra Price Prediction

Terra

What Is Terra (LUNA)?


Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of currencies – and it intends to roll out additional options.

Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.

Who Are the Founders of Terra?


Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability. Kwon took on the position of CEO of Terraform Labs, the company behind Terra.

Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON – a major South Korean e-commerce platform. He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies.

Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple.

Terra Price Prediction


If you’re looking for Terra price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Terra (LUNA) will go in the future? We will analyze the past prices of Terra (LUNA) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.

LUNA

Terra (LUNA) Price Prediction


At reconshell.com we predict future Terra price predictions/LUNA forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Terra. We do our best to collect maximum historical data for the LUNA coin which include multiple parameters like past price, Terra marketcap, Terra volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.

Terra Price Prediction 2021

According to our deep technical analysis on past price data of LUNA, In 2021 the price of Terra is predicted to reach at a minimum level of $70.42. The LUNA price can reach a maximum level of $80.05 with the average trading price of $77.83.

Terra Price Prediction 2022

The price of Terra is predicted to reach at a minimum level of $111.41 in 2022. The Terra price can reach a maximum level of $130.19 with the average price of $115.30 throughout 2022.

LUNA Price Forecast for 2023-2024

As per the forecast price and technical analysis, In 2023 the price of Terra is predicted to reach at a minimum level of $164.57. The LUNA price can reach a maximum level of $191.42 with the average trading price of $169.18.

The price of 1 Terra is expected to reach at a minimum level of $237.35 in 2024. The LUNA price can reach a maximum level of $282.59 with the average price of $245.80 throughout 2024.

Terra Price Prediction 2025

Terra price is forecast to reach a lowest possible level of $341.40 in 2025. As per our findings, the LUNA price could reach a maximum possible level of $408.81 with the average forecast price of $353.69.

Terra Price Prediction 2026

According to our deep technical analysis on past price data of LUNA, In 2026 the price of Terra is forecasted to be at around a minimum value of $509.86. The Terra price value can reach a maximum of $616.39 with the average trading value of $524.01 in USD.

Terra (LUNA) Price Prediction 2027

The price of Terra is predicted to reach at a minimum value of $747.83 in 2027. The Terra price could reach a maximum value of $899.88 with the average trading price of $768.79 throughout 2027.

Terra Price Prediction/Forecast 2028

As per the forecast and technical analysis, In 2028 the price of Terra is expected to reach at a minimum price value of $1,122.88. The LUNA price can reach a maximum price value of $1,319.74 with the average value of $1,161.32.

Terra (LUNA) Price Prediction 2029

The price of Terra is predicted to reach at a minimum value of $1,679.00 in 2029. The Terra price could reach a maximum value of $1,971.34 with the average trading price of $1,737.07 throughout 2029.

Terra Price Prediction 2030

Terra price is forecast to reach a lowest possible level of $2,511.39 in 2030. As per our findings, the LUNA price could reach a maximum possible level of $2,959.00 with the average forecast price of $2,598.25.

What Makes Terra Unique?


Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.

Terra has established a number of partnerships with payments platforms, particularly in the Asia-Pacific region. In July 2019, Terra announced a partnership with Chai, a South Korea-based mobile payments application, in which purchases made using the application on e-commerce platforms are processed via the Terra blockchain network. Each transaction is subject to (on average) a 2%–3% fee charged to the merchant.

In addition, Terra is supported by the Terra Alliance, a group of businesses and platforms advocating for the adoption of Terra. In February 2019, the company announced that e-commerce platforms from 10 different countries, representing a user base of 45 million and a gross merchandise value of $25 billion, were members of the alliance.

How Many Terra (LUNA) Coins Are There in Circulation?


Terra has a supply of 1 billion tokens. If this number is exceeded, LUNA is burned until it returns to the equilibrium supply level. New LUNA tokens are minted through the protocol’s algorithm, as needed, in order to maintain the price of Terra stablecoins.

LUNA was first made available for purchase in a private token sale for initial investors, which included the investment arms of major exchanges such as Binance, OKEx and Huobi. The sale concluded in August 2018, and as a result, Terra raised $32 million. Of the 385,245,974 LUNA minted for the sale, 10% was reserved for Terraform Labs, 20% for employees and project contributors, 20% for the Terra Alliance, 20% for price stability reserves, 26% for project backers and 4% for genesis liquidity.

How Is the Terra Network Secured?


The Terra blockchain is secured using a proof-of-stake consensus algorithm based on Tendermint, in which LUNA token holders stake their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNA staked. Tokenholders may also delegate others to validate transactions on their behalf, sharing in any revenue generated. Terra also offers additional guidance to validator nodes on the best practices for helping to keep the network secure.

In May 2019, shortly after Terra’s mainnet went live, blockchain verification and penetration testing firm CertiK completed a security audit of the network. It examined its economic model to test against market manipulation, its architecture and its coding language. CertiK found that the “modeling and mathematical reasoning” of the Terra network were “considered sound,” although it would not comment on the blockchain’s performance.

Where Can You Buy Terra (LUNA)?

Terra’s native token, LUNA, is listed on several cryptocurrency exchanges – including Huobi, Bitfinex and Upbit – where it is available to be traded against fiat currencies, stablecoins and other cryptocurrencies.