Terareum price prediction: What is terareum (TERA)?

Terareum (TERA) is a new crypto, but what can it do?

Terareum logo                                 
Terareum is one of the newest cryptos around – Photo: Terareum
                                

Contents

Terareum has entered the cryptosphere and is being traded fresh off its launch. But what is Terareum (TERA)? What is TERA used for? How does Tera work? And what is the terareum price prediction? Let’s take a look. 

Terareum explained

Terareum itself is a cryptocurrency exchange. The idea behind it is to serve as a place where people can buy, sell, and exchange crypto. It is centralised, meaning that there is an authority behind it which is responsible for deciding which cryptos are available on the platform.

Terareum offers both desktop and mobile applications to allow people to join in with its activities, as well as having a debit card for users and a non-fungible token (NFT) exchange. The Terareum organisation already has an office in Wyoming, USA, but aims to expand and set up further offices in Dubai and the Indian state of Tamil Nadu, with the latter ultimately serving as its main business hub. 

The platform allows people to stake or lend crypto in return for an interest rate of up to 14.2%. In terms of the TERA token itself, it operates on the Ethereum blockchain, meaning that it is technically a token, rather than a coin, although you will see references to the TERA coin. 3% of every TERA transaction is burned, which should, it is hoped, keep the price high, with another 3% going on rewards for the token’s holders while the same amount is handed over to the marketing team. 75% of all liquidity will be locked on the Uniswap decentralised exchange.

Terareum was launched in February 2022, with the token first traded on the open market later that month. The system was co-founded by former pilot Milton John, who serves as Terareum’s CEO and previously worked for Scale, and academic Dr Ramana Dharmisetty.  

It is important to point out, at this stage, that terareum (TERA) is not be confused with TERA, which is the native token of a blockchain platform that develops decentralised apps (dApps) in Javascript.  

TERA price history

TERA price history
TERA price history – Credit: Currency.com

Let’s take a look at the TERA price history, such as it is. It is important to note here, as ever, that past performance is no indicator of future results, but what little we know of how terareum – a coin which only really came into circulation after not only the worst of the Covid-19 pandemic, but also the great crypto day crash of 19 May 2021, and which had been trading openly for a day when Russia invaded Ukraine on 24 February 2022 – has behaved so far can be useful when it comes to both making and interpreting a terareum price prediction. 

When the token came onto the open market on 23 February 2022, it was trading at $0.000000001073. It moved up slowly, reaching an intraday high of $0.000000001242 the following day before the market turmoil surrounding Russia’s invasion of Ukraine saw it drop to an all-time low of $0.000000001033.

Things recovered the following day and, by the end of the month, it was trading as high as $0.000000002271, with the news that TERA would be traded on the Coin Tiger crypto exchange helping to boost the price. 

March looked promising, with an intraday high of $0.000000002343 on 1 March. However, the price then contracted as the bears came for the new crypto, with the price slumping down to reach $0.000000001947 at the end of 4 March. This drop came before a bull run, with the token reaching $0.000000002966 the very next day.

It is somewhat unclear as to whether news on 3 March that the Bitmart exchange had listed the coin had an impact, but either way, things were looking up for the coin, with a high of $0.000000003035 on 5 March before it got to $0.000000004299 at close on 7 March. The bulls were now in control of the market and, on 8 March 2022, it reached an all-time (intraday) high of $0.000000009502.

At this time, there were a self-reported 18 quadrillion TERA in circulation out of a total supply of 50 quadrillion. This figure gave TERA a theoretical market cap of about $121m, which would make it the 2,915th largest crypto by that metric. 

TERA price prediction

Firstly, PricePrediction.net is nothing if not consistent with its terareum (TERA) price prediction. The site says that terareum will stand at somewhere in the range $0.00000001 to $0.00000002 for most of the rest of the current decade. PricePrediction.net does see some growth from 2025 onwards, but still gives a terareum price prediction for 2030 of just $0.00000020.

Secondly, CryptoPredictions gives a TERA coin price prediction 2022 that states the token can get to somewhere in the region of $0.00000002230066 by the end of the year, before it reaches an average of $0.000000027775804 12 months later and $0.000000030788838 by the close of 2024. The site’s terareum price prediction for 2025 sees it reach $0.000000032867416 at the end of the year, with 2026 closing at around $0.000000034457572.

Finally, DigitalCoinPrice says that the token can reach $0.00000000838 this year before going on a prolonged bull run that it sees culminating in 2025, when TERA hits $0.0000000129. The following year, it will slump somewhat to $0.0000000117 before bouncing back to $0.0000000162 in 2027. TERA will close this decade at $0.0000000259, before starting the next one at $0.0000000270 and getting to $0.0000000329 in 2031.

Final thoughts

A few final things to point out before we finish.

Firstly, TERA is a very new coin. As such, we cannot tell for certain whether it is really trading higher than it should be, lower than it should be, or if it is at its natural point.

Secondly, as a newer coin, there are going to be more risks inherent with it than there would be if it was longer established. We are not suggesting that the people behind TERA – who have, after all, given their names, and thus can be held accountable – are about to take part in a rug pull, but since it is so new it might be worth waiting and seeing if it is sustainable.

Thirdly, the coin operates in such small fractions of a cent that it might put potential investors off. While it could go up considerably, earning people a profit despite remaining comfortably below $0.01, it may well be that people would rather deal with a crypto that is worth more than TERA.

Fourthly, it is hard to see what makes the token unique. There are a great many crypto exchanges with their own tokens, all doing very similar things to terareum. As ever, and as with all cryptocurrencies, it pays to be cautious.

FAQs

As of the afternoon of 8 March 2022, there were 18 quadrillion TERA in circulation out of a total supply of 100 quadrillion.

It might be, but it might not. In truth, it is probably a little bit too early to say, at least when it comes to longer-term investments.

Before you get involved with TERA, you will need to do your own research and never invest more money than you can afford to lose.

It could do. The token appears to be in an early bull run at the moment and we don’t yet know when that might end.

However, it could end at any second, so do remember that crypto prices are very volatile and can go down as well as up.

This is entirely a matter for you to dcide. Before you do so, you will need to do your own research, remember that prices can go down as well as up, and make sure never to invest any money you cannot afford to lose. 

Further reading

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