Lunar price prediction: What’s next for the DeFi coin?

Lunar coin launched in November 2021 and performed well until recently. What’s next for the DeFi coin?

Photo of Earth's moon                                 
Lunar coin holders receive 3% of LNR transactions as native reflections – Photo: Shutterstock
                                

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Lunar (LNR) was a big hit among investors, attracting more than 10,000 LNR token holders within a week of its debut in late November 2021. The network reached an impressive $30m market cap within two weeks of its launch.

Built on the Binance Smart Chain, Lunar is attempting to redefine the way users access and relate to the crypto they hold. Branded “not just some meme coin”, Lunar amassed impressive market traction since November, but the market-wide downturn has spooked some investors. On 12 May and at the time of writing, the coin was trading at $0.00000001277, the lowest price recorded so far this year. 

But will this trend continue? Does the project have legs in the long-term? What is the Lunar price prediction? Will it go to the moon?

Before getting into forecasts, let’s dive into how the DeFi project works.

From the Lunar whitepaper

The whitepaper describes the project vision, stating: “The goal for Lunar is simple. To deliver the best crypto experience imaginable by putting you at the forefront.”

The document goes on to explain: “Decentralisation is great for democratising finance, but along with it comes massive fragmentation. The time has come to re-centralise DeFi around the most important part of the network: You. Lunar aims to streamline virtually every aspect of crypto and NFT trading into a single, interconnected platform.”

Founders of Lunar (LNR)

Lunar was founded by two individuals, under the pseudonyms “Spaceman” and “Mr Moonshot”. To preserve their safety, the company says the real names of the founders have been kept private.

The founders, according to CoinMarketCap, are KYC-verified through Dessert Finance. The team also host AMAs each week where they show themselves on video. Spaceman, the current CEO, is an entrepreneur, product designer, and expert in user experience. According to sources, he has founded several successful companies across the fintech industries.

Mr Moonshot, the current COO, has experience working as a smart contract developer, a marketer, and token growth strategist. 

“Master Jedi” the CTO, has a background as a software architect, allegedly possessing more than two decades of experience building apps for companies and governments. 

“Apollo”, the head of marketing, has experience working as a multidisciplinary designer, creative director, and marketing expert.

What is Lunar (LNR)?

Lunar, on a mission to revolutionise the way users interface with crypto, has three major components to its ecosystem.

The main feature is the Lunar App. The app attempts to streamline the process of trading in crypto and NFTs by putting all 10 different elements required to research and trade into one place. The app, according to the Lunar website, integrates trading, portfolio tracking, price tracking, reward tracking, watchlists, token exploring, staking and NFT trading.

Lunar Crystal NFTs are another core feature on the platform. Lunar crystals are a collection of NFTs that allow users to access special features on the Lunar ecosystem. There are eight crystal types that unlock different kinds of features.

The platform has also developed a technology called Plexus, which allows investors to trade different types of tokens or NFTs across different blockchains. LNR, the native token of Lunar is also an important feature on the Lunar ecosystem. The token helps to expedite automated cross-chain trades.

Holders of LNR are rewarded in native reflections with 3% of LNR transactions. When users buy or sell LNR, a 12% tax is imposed. Of this tax, 3% goes to LNR holders, 3% to liquidity, 5.5% to growth and 0.5% to Lunar Crystal holders.

Attempting to bring usability and customer focus to the core of the offering certainly appears to be a compelling proposition, but how does this information affect a Lunar price prediction?

Before we look at possible Lunar coin price predictions, let’s look at the recent performance of the coin.

Recent performance of LNR

Immediately after its launch in November, the LNR coin slightly dropped from $0.000000005788 (57.88 hundred millionths of a cent) on 11 November 2021 to $0.000000002913 on 23 November 2021.

The coin subsequently rose to highs of $0.00000005045 (50.45 ten millionths of a cent) on 30 November 2021. It then dropped to $0.00000001695 (16.95 hundred millionths of a cent) on 4 December. Later in the month, the price dropped again to $0.000000009542 on 20 December. The price subsequently rose slightly to $0.000000016 on 25 December.

Despite dropping again in the new year to $0.000000008566 on 6 January 2022, the price began to rise soon after, surging to $0.00000004127 on 14 January. The price sunk from that point, but hit a new high for 2022 at $0.00000004604 in early February.

The price has seen a stark downtrend since then, however, the protocol remains active and has recently announced its Plexus V1.0 update:

The sharpest decrease in value came in May, following a market-wide crash, fueling speculation of a crypto winter. The current price of LNR stands at $0.00000001038 on 12 May.  There is a maximum supply of 1 quadrillion coins, and a current circulating supply of 784 trillion coins. Lunar has a current market cap of $8m.

But how does this data affect a Lunar price prediction?

Let’s take a look at what the forecasters expect.

Lunar price prediction

Predictions can be helpful as an indicator of which direction the price may move but long-term forecasts can be completely off the mark. With this in mind, let’s look at some LNR price predictions.

WalletInvestor suggests the Lunar could increase to $0.000000054 in one year’s time, (an upswing of 420%) and $0.000000403 in five years’ time, (up 4,000%).

DigitalCoinPrice makes a Lunar price prediction for 2022 that suggests the coin could be worth $0.0000000144 in June, representing an upswing of more than 30%. A general uptrend is expected, reaching an average of $0.0000000163 (up 57%) in 2023 before increasing to $0.0000000164 in 2024 (up 58%). The website’s Lunar price prediction for 2025 stands at $0.0000000213 (up 105%). The site also makes a  Lunar price prediction for 2030, suggesting an average value of $0.0000000499 (up an impressive 380%). 

TechNewsLeader is also optimistic, making a long-term projection of $0.00000010 in 2025 and $0.00000061 in 2030, up 863% and 5,780% respectively.

There is a maximum supply of 1 quadrillion coins and a current circulating supply of 784 trillion coins (78%).

The coin has done well so far in gaining significant market traction and experts certainly seem to think the coin could go up in the future, but it is always worth remembering that the crypto market is highly volatile and the price of all tokens and coins can go down as well as up.

It could go up, however, the LNR coin could also go down.

Experts do seem to think the coin will go up in the future. However, it is always worth remembering that forecasts, especially long-term ones, should be viewed as indicators rather than absolutes.

Investing is a highly personal endeavour. Do your own research and try to keep up-to-date with any developments within the Lunar ecoystem that could boost or dampen its prospects.

Remember, investing can be risky, and it is important never to invest more money than you can afford to lose.

Further reading

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