Are you aware of the new coin in town that was set in motion by the terra blockchain? It is called the Terra Luna 2.0. Analysts have given optimistic projection of its growth. In this article you will know all about the terra 2.0 coin, how to buy the coin, and the point price predictions from 2022 to 2033.
What is Terra 2.0?
The Terra venture was first publicized at the beginning of 2018 as a universal payment system that should make digital currency convenient for daily use. In view of this, the Terra’s main-net was launched in April, 2019.
The platform was established to create a decentralized network system for quick, easy and accessible payments of crypto currencies.
The developers designed the problem in a very easy way and succeeded in addressing the key shortcomings of existing stable coins such as centralization and rigid exchange rates. The Terra technology intends to create a global payment network with low fees and without the impediment imposed by national restrictions.
Terra 2.0 is clearly a new coin from the Terra blockchain’s hardfork designed to save the Terra Luna ecology after the collapse of the UST stable-coin. The new Terra 2.0 will replace the existing Terra network and the original LUNA by cutting off the stable coin UST.
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In any case, the good news is that the original Luna chains and tokens will still be in use. The Terra 2.0 token will go by the ticker LUNA, while the original LUNA token will go by the name of LUNC for clear differentiation.
When Was the Terra 2.0 Coin Released?
A photo of the Luna 2.0 airdrop was taken on Terra Classic block 7,790,000 between 26 May and 27 May of 2022 at about 3:59:51 GMT+8 on 27 May.
This means the coin Terra 2.0 was officially floated on 27 May 2022 at the starting block for the new Terra chain. On May 28 the testnet and its mainnet, Phoenix-1, were also activated for efficient service delivery.
Terra 2.0 Price
The new Terra 2.0 prices witnessed a significant drop after a few hours of distribution and circulation.
The kick off price of Terra 2.0 as at May 30 was between US$7 to US$9 compared to between $17 and $18 which was the highest price immediately after release. And then jumped to $20 and began to drop. The drop was huge.
LUNA Airdrop Goes Live
Supply of the Airdrop is restricted to just 1 billion, out of which 30% is assigned to the community pool, 35% to pre attack LUNA holders, the pre attack UST holders 10% , and post attack LUNA holders takes 10%. And the Post attach UST holders will get 15% of the airdrop.
In a bid to revive Terra, DO Kwon, the founder and community worked out a plan to build a new chain called Terra (LUNA) and rename the old one to Terra Classic (LUNC) and this was approved by the stakeholders.
Hours after the launch of the new token, its prices have dropped by a substantial 60%. Terra’s price dropped to $6.30 now with a trading volume of 2408% to stand at $97.5 million.
Coinmarketcap confirmed that the fully diluted market cap stands around $5.95 billion. Terra 2.0’s total supply of 1 billion won’t be all released to circulation at launch. The total supply will be made available within six months after the release.
How to Buy Luna 2.0
If you are interested in buying the new terra 2.0, follow the four steps below:
Step 1: Choose an Exchange Platform
You are required to use a crypto exchange to switch your fiat currency to Terra 2.0.
Luna has just re-launched after pulling out from exchanges which means the token has not yet returned to all exchanges. Luna is currently available to some exchanges such as KuCoin.
Step 2: Choose Payment Method
Exchange platforms do not charge fees on any bank transfer done directly. This makes them the cheapest and easiest way to pay. Note that fees may be charged on debit card payments by your financial institution.
Step 3: Make an Order to Purchase
Having decided on a payment method, then move to the Terra Luna 2.0 page in your chosen exchange and key-in the amount and volume you will like to buy.
Step 4: Choose a Storage Technique
Many exchanges offer an combined wallet to store your Terra Luna but at times it becomes necessary for you to store your crypto in a third party wallet or offline in a cold wallet.
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Online Hot Wallets
These wallets are risk-prone. Coins stored in there can be stolen but the advantage is that if you misplace your wallet IDs and could not access your tokens, the exchange could help you recover them.
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Offline Cold Wallets
These wallets are difficult for hackers to access because of the absence of the internet. The loss of your wallet’s IDs could be risky with nobody to help you.
Where to Buy Luna 2.0
Several crypto exchanges have come forward to support the Terra Luna 2.0 plan. Listed below are Luna exchanges that will list the new Terra 2.0.
- OKX
- Bitget
- KuCoin
- com
- ByBit
- Bitrue
- Binance
- Huobi
- Bitfinex
- Krak
- BKEX
- MEXC Global
- CoinSwitch Kuber
- Coinmetro
TERRA 2.0 POINT PRICE PREDICTION 2022-2033
Terra Price Predictions for 2022
Analysts consider Terra 2.0 a very persuasive coin and by December 2022 it is expected to price between $7.4 and $8.3. On the average the price will trade at $7.8 in 2022.
Terra Price Prediction 2023
The position of the prices of Terra 2.0 by the end of the launched year reveals more of the 2023 price. We predict that the minimum price of Terra 2.0 will be around $9.8 with $11.5 as maximum. On average, the trading price may be $10.6 in 2023.
Terra Price Prediction 2024
Technical analysis by our experts regarding the price of Terra 2.0 in 2024 shows that Terra is expected to have $12.4 minimum and $14.7 maximum. The average expected trading cost is $13.55.
Terra Price Prediction 2025
There is a more stable price through the year. It is assumed that in 2025 there will be $15.7 minimum and $18.6. On the average, the trading cost will be around $17.2.
Terra Price Prediction 2026
The following maximum and minimum Terra prices are expected in the year: $20.8 and $25.3. On average, it will be traded at $23.1 based on expert analysis.
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Terra Price Prediction 2027
Based on the aggregate point predictions of crypto analysts, the estimated average Terra 2.0 price will be around $36.3. It may go up to a minimum of $30.9 and reaching a peak at $41.6.
Terra Price Prediction 2028
It is estimated by our experts that Terra 2.0 will cost between $47.9 and $53.2 in 2028. Its average cost is expected at around $50.6 during the year.
Terra Price Prediction 2029
There is enough historical price-data at this time. The year 2029 is expected to see the maximum Terra 2.0 price of $69.6 and a minimum of 56.5. The expected average trading price is around $63.1.
Terra Price Prediction 2030
By this year, experts are optimistic about high price. Minimum projection is $98.5, with the possible peak at $110.7. On the average, it is expected that the price is around $104.6 in 2030.
Terra Price Prediction 2031
The year 2031 sees the price springing upwards with high volatility. The maximum price is $159.8 and $143.4 minimum. The expected average trading price is $151.6.
Terra Price Prediction 2032
The year 2032 is projected to see a maximum Terra price of $198.7 with a minimum of $183.9. The average price is expected to hit $191.3.
Terra Price Prediction 2033
Our experts have carried out a research on Terra price historical information. Based on the aggregate point predictions of our analysts, the estimated average Terra 2.0 price will be around $203.6 It may go down to a minimum $199.5 and reaching a peak at price $207.7. the average price for the year may be the highest in the first decade of Terra Luna 2.0 launch.
