Terra LUNA crash sparks caution in crypto market. What should investors do?

Terra (LUNA) made headlines globally on May 9th, 2022, after its stable coin, UST, lost its peg for the second time in 2-days. 

Based on long-term Terra price prediction, Terra is likely to reach $1 by the end of 2022, $3 by 2023, and possibly $5 by 2025. Terra is also expected to reach at least $10 by 2030.

LUNA price prediction end of 2022:

LUNA Foundation Guard working hard to restore confidence in the Terra ecosystem, LUNA has the potential to hit $1 in 2022 

What is Terra (LUNA)?

Terra is a blockchain whose primary role is to support a network of algorithmic stable coins. The most famous of them is the now collapsed TerraUSD (UST).

What is Terra (LUNA)?

LUNA is also a governance token in the Terra network. LUNA holders can vote on the direction they want the Terra protocol to take going into the future. Currently, LUNA has a total supply of 6.532 billion. 

What is Terra (LUNA)?

Terra was one of the biggest Ethereum competitors in the market 

The recent crisis has then seen its reverse course, and in under 3-days, LUNA has dropped to lows of $0.00001. However, after the dust settled, LUNA made a comeback of 900%. It’s a volatile period, but this price action is an indicator that LUNA could bounce back. 

Most analysts using technical analysis believe that LUNA could bounce back to $1 in 2022. Long-term LUNA price predictions also point to the potential to reach $10 per LUNA token by 2030.