Terra (LUNA) Price Prediction 2025-2030: $50 on the cards by 2030?

ambcrypto.com:

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. 

Introduced in 2019, LUNA was established along with the Terra USD (UST) stablecoin by Terraform Labs. TerraUSD used to be pegged to LUNA so that it could stabilize its price.

The journey of the pair of coins, UST and LUNA, has been full of its ups and downs. 

In 2018, a pair of two South Korea-based entrepreneurs, Do Kwon and Daniel Shin, founded Terraform Labs in Seoul. In 2019, they launched a native stablecoin, UST, that was pegged to LUNA. 

Stablecoins such as UST were launched to safeguard the investors against the high price volatility of mainstream cryptocurrencies such as Bitcoin- a stablecoin has a steady price. 

As fiat currency is pegged to reserves such as gold, a stablecoin is pegged to either a fiat currency (e.g. USD) or a supporting cryptocurrency. In this case, TerraUSD was pegged to Luna. But herein lies the conflict. A cryptocurrency isn’t an equivalent to gold reserves. As Luna prices got destabilized, it had an impact on UST prices too, and the entire stablecoin system collapsed in the second quarter of 2022.

The stablecoin project was aimed at complementing the price stability and wide adoption of fiat currencies with the decentralized model of cryptocurrency.

Even those who are only vaguely familiar with the cryptocurrency industry know of the apocalyptic collapse of LUNA and UST in May 2022. This collapse was crucial in instigating the cryptocurrency crisis thereafter. 

LUNA was one of the market’s top performers once, with the altcoin once among the top 10 cryptocurrencies by market value towards the end of 2021.

A Bloomberg report from May