LUNA coin price prediction: Will LUNA go up?

After reaching a new all-time high, will LUNA coin continue to be bullish?

Contents

LUNA coin was created by the Korean firm Terraform Labs and launched on cryptocurrency exchanges in July 2019.

The coin was developed on the Terra blockchain as part of a dual-token system with the stablecoin TerraUSD (UST). UST is minted by burning LUNA, which gives LUNA its value and maintains the stability of UST.

LUNA coin’s price history

In 2019, LUNA launched at $1.31, but found itself on a downward trajectory for the first 18 months. Although it was not a volatile currency, there did not appear to be much hope for the new token.

After September 2019, LUNA kept recording new lows. It dropped to $0.21 on 18 December 2019, before dipping even lower to $0.12 on 18 March 2020.

On 19 August 2020, Terra announced LUNA would be listed on the exchange platform Binance. Users could stake their LUNA coins from 28 August and the price rose from the $0.33 mark in July to $0.56.

However, it was not long before it dipped again. Despite UST launching in September that year, LUNA fell back to $0.32.  

It was a gloomy outlook for the staking asset until the crypto boom at the beginning of 2021, when LUNA started behaving bullishly.

On 9 February, it reached $6.44 and climbed even higher over the next six months, hitting $34.96 on 28 August. The crypto market crash on 7 September saw it fall to $25.30.

However, the Terra blockchain’s Columbus-5 mainnet upgrade launched on 30 September 2021, at which point LUNA resumed its rise.

The upgrade introduced interchain assets on other blockchains. It also led to LUNA being permanently destroyed when burned, instead of being sent to a community pool. After the upgrade, the coin hit a high of $49.45 on 4 October, and continued its upward trend to a new all-time high of $54.77 on 8 November 2021. December was an exciting month for the coin as well, reaching another new all-time-high of $99.72 on 26 December 2021. At the time of writing on 31 December, the price was trading at roughly $89.72.

LUNA/USD price history

Date Close Change Change(%) Open High Low
Jan 18, 2022 74.5663 -0.4725 -0.63% 75.0388 76.6663 74.0934
Jan 17, 2022 75.0402 -9.8645 -11.62% 84.9047 85.0050 74.0278
Jan 16, 2022 84.9050 -0.0795 -0.09% 84.9845 85.3496 82.2229
Jan 15, 2022 84.9971 5.6136 7.07% 79.3835 85.6773 78.3862
Jan 14, 2022 79.3850 3.0159 3.95% 76.3691 80.8850 74.4307
Jan 13, 2022 76.3773 -3.4005 -4.26% 79.7778 81.7055 75.8156
Jan 12, 2022 79.7751 8.1591 11.39% 71.6160 80.8478 70.6568
Jan 11, 2022 71.6175 3.9368 5.82% 67.6807 73.0838 66.6033
Jan 10, 2022 67.6782 -4.8638 -6.70% 72.5420 72.7513 63.5055
Jan 9, 2022 72.5420 7.3224 11.23% 65.2196 73.6947 64.0324
Jan 8, 2022 65.2236 -1.7930 -2.68% 67.0166 69.8280 60.8930
Jan 7, 2022 67.0166 -9.3846 -12.28% 76.4012 76.6376 66.2613
Jan 6, 2022 76.4012 0.0201 0.03% 76.3811 78.2492 72.2057
Jan 5, 2022 76.3799 -5.9512 -7.23% 82.3311 85.1626 71.4918
Jan 4, 2022 82.3221 -4.2447 -4.90% 86.5668 87.1790 82.1294
Jan 3, 2022 86.5668 -0.5879 -0.67% 87.1547 91.5479 86.2260
Jan 2, 2022 87.1547 -2.1971 -2.46% 89.3518 90.1404 85.6339
Jan 1, 2022 89.3523 6.1301 7.37% 83.2222 89.4053 83.2222
Dec 31, 2021 83.2216 0.6848 0.83% 82.5368 88.7179 81.9160
Dec 30, 2021 82.5415 0.5881 0.72% 81.9534 85.5860 79.0614

LUNA coin price prediction

But what is likely to happen in the upcoming months and years? This is what analysts are saying about the LUNA coin price prediction for 2022.

WalletInvestor predicts continuous bullish growth, its LUNA crypto price prediction for one year’s time is $210.41, and in five years’ time should be worth $651.42.

DigitalCoinPrice predicts LUNA will continue its uptrend through 2022, being worth an average of $145.67 for the year. There is a similarly positive long-term prediction for 2023 of $156.22. Its Terra LUNA coin price prediction for 2027 is $305.70.  

EconomyWatch’s LUNA coin price prediction follows the same lines. It also predicts the coin will perform bullishly and will reach a valuation of $100 by 2025. The site argues that by 2030 more of society will be blockchain-based and this will result in LUNA being valued at $150.

FAQs

It might be. LUNA coin has been behaving bullishly this past year and analysts predict this trend will continue. However, the token has proven volatile, but such peaks and troughs could be attributed to external factors such as the crypto market crash. Remember, this volatility is likely to continue as cryptocurrencies are not stable. You should never invest more than you can afford to lose.

Analysts’ response on the LUNA coin price prediction for 2022 is generally very positive. WalletInvestor predicts it will continue its bullish run, as does DigitalCoinPrice. Both sites believe it will reach a new all-time high in 2022.

DigitalCoinPrice’s LUNA coin price prediction for 2025 is $177.51. However, analysts can often be wrong, and you should always do your research before investing.

If you’re interested in buying LUNA coin, you can do so on Currency.com. Just remember to do your research and don’t invest more than you can afford to lose.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image