Terra Price Prediction – May 19
The next few months may see Terra LUNA’s price prediction falter a bit, but that shouldn’t be common, but a break with the bears may see LUNA hit the trail again for higher heights.
Terra Prediction Statistics Data:
LUNA price now – $0.00014
LUNA market cap – $941.6 million
LUNA circulating supply – 6.5 billion
LUNA total supply – 6.9 trillion
LUNA Coinmarketcap ranking – #213
Resistance levels: $1, $2, $3
Support level: $0.00000100 (this could be 2022 low)
LUNA/USD sudden price drop is largely due to a combination of a broader market decline and the peg of its stablecoin UST to the dollar. However, Terra’s stablecoin projects are inseparably linked to the performance of LUNA. Meanwhile, the stablecoin is designed to maintain its peg to the US dollar depending on whether the Luna asset burns or wedges.
Terra Price Prediction: Should I Buy LUNA Crypto Now or Not?
In the past few weeks ago, Terra (LUNA) was trading well; in fact, the charts and the price action were also excellent. When that crash happened a few days back, almost every investor in the cryptocurrency sphere was taken by surprise. Therefore, a series of recent major setbacks by the UST has led to the decoupling of the stablecoin, while also having a reverse impact on the price of Terra LUNA in an already bearish market.
Despite the current travails, LUNA can still be considered a solid and promising project. On the one hand, it is the only stablecoin-facing project in the cryptocurrency industry. This is crucial as investors are clamoring for a more subdued and less volatile digital medium of exchange than pure-play crypto assets. While the current dip will not be forgotten anytime soon, we believe Luna’s price prediction is still set for better days.
In the next few months, traders should be seeing a change in market sentiment around the Luna crypto with the remedial measures initiated as this would naturally prop up the digital asset to close above the $0.5 price peg. Additionally, more uptrends are expected and the LUNA price prediction of $1.5 is not uncommon. Therefore, a small correction may cause the digital asset to lose traction, but this should be a temporary downside as Terra’s price predictions could see the digital token close above the $1.9 price.
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