Table of content

Terra Price Prediction: Will its Price Ever Increase to US$500?

Terra (LUNA) is one of the most popular cryptocurrencies currently. In terms of market cap, it is the 12th-largest cryptocurrency (over US$15 billion market cap). Now, the question comes should you invest in it? Is it a good investment? What will be its price by the end of 2021 or 5 years later (2026)? To answer all your queries, let me walk you through Terra LUNA, its fundamentals, and the LUNA price forecast. 

What is Terra (LUNA)? 

Terra is a blockchain protocol that was founded by Daniel Shin and Do Kwon (the current CEO of Terraform Labs) in 2018. Their aim was to launch a new digital currency that has the potential of adjusting to the flexibility of the modern economy. 

The whitepaper of this protocol says that a price stabilization algorithm is launched by Terra, which balances the supply of crypto coins constantly to keep prices stable. LUNA is the native coin of the Terra blockchain protocol. The 4 major benefits the traders of Terra LUNA tokens enjoy are:

  1. Lower fees
  2. High scalability
  3. Stability
  4. Reliable financial assets

Terra (LUNA): Facts & Figures

All these facts and figures (as of Oct 13, 2021) will help you to make a decision on investing in Terra LUNA:

  • LUNA Price: US$36.31 
  • Trading Volume (24h volume): US$1,222,376,371
  • All-Time High (ATH) Price: US$49.45 (reached on Oct 04, 2021)
  • All Time Low (ATL) Price: US$0.1199 (reached on Mar 13, 2020)
  • 24h Low: US$35.33
  • 7d Low: US$35.33
  • YTD (Year-To-Date) Return: 5,742.79% YTD (Year-To-Date)
  • Market Cap: US$14,566,641,570
  • Crypto Rank (in terms of market cap): 12
  • Fully Diluted Market Cap: US$35,265,813,164
  • Max Supply: ---
  • Total Supply: 971,123,715
  • Circulating Supply: 401,878,173.05 LUNA

Fundamental Analysis of Terra LUNA Protocol

Terra protocol combines the benefits associated with cryptocurrencies with the day-to-day price stability of fiat currencies. This has been achieved by the protocol through the use of fiat-pegged stablecoins. 

Many partnerships have been done by Terra with a wide range of payment platforms. Most of these partnerships have been done in the Asia Pacific region. One of the major partnerships done by the platform is with a South Korea-based mobile payment app called “Chai”. This payment app enables its users to use the Terra blockchain network to buy on eCommerce platforms. On every transaction, a fee of around 2-3% on average is charged to the merchant. 

A group of businesses and platforms called Terra Alliance is supporting the Terra project. The Terra Alliance that is advocating for the adoption of Terra is an alliance of some of the leading e-commerce platforms that are spread across 10 countries, represents a 45 million user base, and US$25 billion gross commodities value. 

Terra Price Prediction

Terra LUNA price is hovering around US$36.68 at press time and it has increased by more than 5,473.39% in the last ten and half months. 

Terra LUNA Price Prediction 2021 End

By the end of 2021, the price of each Terra coin is expected to reach US$50. Terra Price Prediction 2022

By the end of 2022, the price of each Terra token is expected to reach anywhere from US$100.63 to US$150. 

Terra Price Forecast in the Next 5 Years (2025-2026)

Terra’s price is expected to hit an all-time high price, which can be anywhere from US$200 to US$500 in the next 5 years (by 2026). 

Final Words

Always remember that cryptocurrency investment advice always comes with the risk of loss. As prices of cryptocurrencies are highly volatile, you should be ready to consider the loss aspect too. If you can’t afford to lose money, crypto investment is not for you. Instead invest in fixed income assets. To be sure about your investment, always go through the fundamentals, technicals, and price history trends of the Terra LUNA market. Once you are absolutely sure about investing, go through the Terra network price prediction, and then invest.