- Investors are growing increasingly interested in Terra price predictions, with an upcoming update of Terra (LUNA-USD) looming
- This update will bring Terra 2.0 live on May 27
- The new blockchain will not have an algorithmic stablecoin
The incredible collapse of algorithmic stablecoin TerraUSD (UST-USD) as well as sibling currency Terra (LUNA-USD) has shaken the crypto market. Investors view stablecoins as the integral plumbing of the crypto sector, allowing for many transactions to take place.
However, with UST now trading for less than 9 cents, far below its $1 peg, most investors have declared this stablecoin officially deceased. Accordingly, there’s little demand for LUNA.
That said, there is some hope among LUNA investors around a potential revitalization for Terra. As InvestorPlace Financial News Writer Brenden Rearick pointed out in a recent piece, the upcoming launch of Terra 2.0 on May 27 is just the catalyst many investors were hoping for. And while not every investor is behind this proposal, the re-launch of the Terra blockchain could breathe new life into LUNA, which will become Terra Classic.
This new blockchain will be without an algorithmic stablecoin. A fresh slate could provide new opportunities for investors. Or, this could turn out to be a disaster, should trust be eroded to the extent no one wants to touch Terra. Time will tell in this regard.
Regardless, various analysts have weighed in on what they think LUNA is worth. Let’s dive into some price predictions.
Terra Price Predictions
For context, LUNA currently trades at $0.00018 per coin. Investors should keep in mind that many of these price predictions appear to not have been updated recently.
- WalletInvestor provides a 1-year and 5-year price target of $61.90 and $303.23, respectively, for LUNA.
- Similarly, Gov Capital projects LUNA could be worth $102.24 in one year and $925.15 in five years.
- DigitalCoinPrice provides more realistic 2023 and 2027 average price targets of $0.000265 and $000416, respectively.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.