After the recent debacle that saw stablecoin Terra collapse and LUNA’s price drop by 99%, LUNA’s short-term price predictions have sprung up. Nonetheless, investors are showing resilience, and the price of Terra LUNA has rebounded almost 1000% from recent lows.
According to Analytics Insight, for this reason, LUNA’s predicted price for 2022 is $1. It is predicted to rise to $10 by 2030. To come up with this Terra LUNA price prediction, experts didn’t just use past LUNA price action. They also use various considerations to predict many pairs like BNBT/USDT.
The experts also look at the main factors that might affect LUNA in the future, especially after the recent price crash which wiped out 99% of the value of the LUNA token.
With LUNA now at a price that no one ever imagined could go down again, it’s only natural that many are wondering, should you invest in LUNA today?
How the LUNA Foundation Guard will be important…
After UST lost its stake, LFG did the minting of LUNA, pushing the supply to billions of tokens. Now that the dust is gone, the first thing to consider is whether they will choose to burn all the extra tokens that enter circulation in less than 24 hours.
LUNA can quickly bounce back to its pre-crash level if they take this route. Another option for LUNA Foundation Guard is to cut the chain and produce an entirely new network.
This is also an option that can push up the price of Terra LUNA, especially if they reset it with a low token supply. Again, this factor could easily see LUNA jump back to pre-crash levels.
LUNA also has to deal with problems of investor confidence in the network. While Terra is a layer-1 blockchain used for more than just issuing stablecoins, algorithmic stablecoins have been its biggest value driver.
Thus, whether or not UST regains its stake will affect the long-term value of LUNA. If UST never recovers, the thing to watch out for is investor and developer confidence in Terra as the blockchain of choice for Decentralized Applications. If confidence in the network returns, then all bullish LUNA price predictions have a valid basis.
Then there is also the aspect of Bitcoin and its influence across the market. Bitcoin is the number one price driver for cryptocurrencies, and when it goes up, all other cryptocurrencies go up too.
Due to its low supply and growing adoption, Bitcoin is likely to continue to rise in the long term. Thus, it is hoped that the price of LUNA will continue to rise in the future. Taking into account all of the above factors, LUNA has good prospects as a good cryptocurrency investment both short-term (2022) and long-term (2030 onwards).
Network stabilization and a clear roadmap for rebuilding will push LUNA higher by the end of 2022. Post-crash, investor confidence seems to be returning, and LUNA price predictions could rise by more than 900%.
