Terra luna price analysis and predictions
Analysis and predictions

Terra LUNA and LUNC : Analysis and price predictions

According to the latest data collected, the current price of Terra Luna is $2.73. Terra’s outstanding supply is 127,475,474 with a market cap of $347,734,342.

In the last 24 hours, the crypto has been decreased by -5.07% in its current value. If we compare LUNA’s current market cap with yesterday’s, we can see that the market cap is also down.

We can tell that LUNA is struggling to get on board with other cryptos. LUNA has fallen to almost -37.3% over the past 7 days. The coin is still showing risky framing segments in the last few days, the coin might have strong fundamentals, but some experts don’t think it would be a profitable asset in the short term.

According to priceprediction.net’s technical analysis, the price of Terra is expected to be around a minimum value of $3.02. The value of the Terra price can reach a maximum of $3.30 with an average market value of $3.16 in USD in 2022.

Coinpedia is not so optimistic about Terra classic LUNC

On the other hand, Terra Luna Classic (LUNC) is hitting hard through a bullish reversal pattern known as a descending wedge. Over the past 24 hours, the bulls have gained momentum again and buyers are beginning to step in to slow the fall.

Since its launch in 2019, the price of LUNC has continued to hover around $0.2 and $1.3 through April 2021. When the crypto market exploded in mid-2021, its price began to rise. And, it almost touched $100 by the end of the year.

From 2022, it continued to hover between $50 and $100 and reached an all-time high (ATH) of $119.18 on April 5, 2022. The following month, its price began to decline and the Terra system collapsed in mid-May.

At the time of this writing, Terra Luna Classic (LUNC) is trading at $0.000265 according to Coinmarketcap and now has a market cap of $1.63 billion.

Trading volume declined slightly on the Binance exchange as the expected 1.2% supply consumption mechanisms were not deployed and the FUD surrounding Do Kwon led to a further price decline, reducing investor appetite.

Terra Luna Classic debuted in September 2022 at $0.000229448101579 and Telegaon expects the minimum and maximum price of LUNC in 2025 to be $0.0089 and $0.028 respectively.

Other experts, after analyzing LUNC’s previous performance, predict that its average price in the said year will be $0.015.

Coinpedia, however, is not so optimistic about the future of Luna Classic. It predicts that LUNC will trade as low as $0.002846 and as low as $0.001094 in 2025. Its average price in said year will be $0.001776.

terra luna classic source gmody

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