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LUNA Price Prediction: Can The Bulls Rally To $1.45?

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LUNA Price Prediction: Can The Bulls Rally To $1.45?
LUNA Price Prediction: Can The Bulls Rally To $1.45?

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Terra (LUNA) is in the green today, gaining more than 2% on its price in the past 24 hours. It started the year trading at $1.28 on January 1, 2023, and increased till it reached $2.07 on January 15, 2023.

LUNA’s price retraced to $1 on January 18 before it returned to $2 on January 20 and traded in that range till February 8, 2023. However, LUNA has remained in the $1 price range in March 2023. 

LUNA At A Glance 

Terra (LUNA) is a public blockchain protocol formed by Terra Classic, owners of  TerraClassic (UST) stablecoin. After UST’s crash in 2022, LUNC lost most of its value, forcing the launch of a new chain.

LUNA blockchain has moved on from the crash controversy and is committed to helping its community (LUNAtics) develop modern solutions. The new Terra project, dubbed Terra 2.0, aims at preserving the ecosystem for developers who create apps.

 Terra blockchain uses a Proof-of-stake consensus algorithm powered by Tendermint to secure the network.

Factors Affecting LUNA’s Price 

Several factors influence LUNA’s price.  They include macroeconomic factors like inflation, demand and supply, CPI data, and investor sentiments. However, network trends could also affect the asset’s price positively or otherwise. 

Terra’s Project Spotlight Unveils Eumlet

Terra’s development team announced the launch of Eumlet, a payment framework designed for Web3 users. Users can manage their accounts and benefit from digital payment solutions. It features a Fiat to Web3 bridge where traditional currencies are converted to crypto.

Eumlet’s team boasts vast experience scaling and building solutions for technological and financial industries. The transition from Web2 to Web3 is seamless using this initiative. Also, it is a cost-efficient, safe, and secure alternative with an easy onboarding process.

It provides an effective channel for cross-border payments, beneficial to different categories of users, such as freelancers.

LUNA Unveils Alliance 

LUNA developers have announced the launch of Alliance, a new project on their network. Alliance is an open-source Cosmos SDK module that uses inter-chain staking to create an economic alliance among blockchains. 

Alliance enables blockchains to trade yield, a form of yield farming for Layer-1 blockchains. Its working process is quite fascinating. Two independent chains can integrate the Alliance module and decide which assets will be staked on their chain. 

These assets are called Alliance assets, and each is assigned a Take Rate. This is the percentage of staked Alliance assets the chain redistributes to native chain stakers. Also, they receive a Reward Weight,  the percentage of native staking rewards the chain shares among Alliance asset stakers

io Multiplayer 2d Shooter Grant Proposal Open For Voting

This Terra network launched the io Multiplayer 2D shooter grant proposal as another way to give back to the “LUNAtics” This grant will fund the development of a 2D shooter game on the Terra blockchain.

This game is a 2D browser-based option for popular game models like Call of duty.  The grant will cover development and coding, marketing, and server infrastructure. 

LUNA Price Prediction With Technical Indicators

LUNA is trading in the green today. After its brief rally between March 12 and 14, 2023, it retraced. However, the bulls are back in the market, pushing the recovery charge today.

LUNA Price Prediction: Can The Bulls Rally To $1.45?

Currently, Luna is trading below its 50-day and 200-day Simple Moving Averages (SMA), a bearish signal for the long and short term. Also, the Relative Strength Index (RSI) is close to the oversold region of 30, showing a bearish sentiment.

However, the RSI is moving upwards and hints at a possible positive trend reversal for the asset. Also, LUNA’s Moving Average Convergence/Divergence (MACD) is slightly above the signal line, indicating positive price movement today. Also, green histogram bars are visible, confirming the new price direction. 

LUNA’s support levels are $1.28, $1.30, and $1.33; resistance levels are $1.39, $1.42, and $1.45. Luna is currently above the $1.39 resistance level and testing the $1.42 resistance. Expect a rally to $1.45 before it retraces in the coming days.  

LUNA Long-Term Price Prediction

Crypto experts share their thoughts and predictions on LUNA’s price for 2023 and beyond.

LUNA Price Prediction 2023

Changelly predicts LUNA to trade at a maximum price of $2.24 in 2023 and a minimum of $1.90, while the expected average price is $1.97. Coinpedia is more bullish, predicting a maximum price of $3.63, a minimum of $1.54, and an average price of $2.59 in 2023.

LUNA Price Prediction 2025

Business2 community is bullish on Terra’s price and believes it will become a hub for decentralized finance and NFTs. They believe LUNA will trade at $15 by 2025. Changelly is more conservative with their prediction for LUNA at a maximum price of $4.94 and a minimum of $4.29. Also, the expected average price for the asset in 2025 is $4.40. 

LUNA Alternatives That Will Reward Investors

Chimpzee (CHMPZ)

Chimpzee is a Web3 ecosystem that generates revenue for its token holders. Its mission is to save animals and combat climate change by raising awareness of the impact of climate change and providing financial contributions.

The ecosystem will combine play-to-earn, shop-to-earn, and trade-to-earn activities to generate fees and donate to charities. The presale stages will soon begin for its CHMPZ coin, the utility token in the ecosystem.

Also, users can earn rewards through Chimpzee NFT Passports and custom avatars created with artificial intelligence. However, these NFT passports have a limited number and are essential for users who desire passive income. This initiative will be a stellar success, with early investors at an advantage.

C+Charge (CCHG)

C+Charge is an eco-friendly, innovative solution to the longstanding carbon credit saga in the electric vehicle (EV) industry. This Platform enables EV users to find effective charging points using the mobile app and make payments seamlessly. 

The CCHG token powers the platform and is exchangeable for carbon credits to facilitate charging solutions. The presale is in its sixth stage and has realized over $2.8 million. This project embraces the core environmental objectives of a cleaner and greener Earth and reduces carbon emissions.

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