Anin-depthanalysis of Terra（LUNA）examines its potential to recover and reach itsall-timehigh,considering recent developments and markettrends.
Points
- Terra（LUNA）experienceda100%valueplummetduetoTerraUSD（UST）losingitspeg.
- AnewtokenwasintroducedaftertherelaunchoftheTerrablockchain.
- SECallegationsandChapter11bankruptcyimpactTerra’sreputation.
- Recentdevelopments,includinga$4.47billionfine,influenceLUNA’sfuture.
- AnalystsprovidevariedpredictionsforLUNA’spriceby2025and2030.
Terra（LUNA）,one of the majorcryptocurrencies,saw its value plummet by100%due to the algorithmic stablecoin protocol TerraUSD（UST）losing its peg to the US dollar on May13,2022.By the end of the month thatyear,developers relaunched the Terra blockchain and introduced a new token with a supply of1billioncoins.The original token now trades asLUNC,while the new one retains the nameLUNA.Initially priced at around$19after therelaunch,the new token has since dropped by nearly98%.
RecentDevelopments
AfterTerra’scollapse,trust within the crypto community haswaned.In February2023,theU.S.Securities and Exchange Commission（SEC）accused Terraform Labs and CEO Do Kwon of orchestrating amulti-billiondollar securities fraudscheme.In April2024,both Do Kwon and Terraform Labs were found guilty of thesecharges.In January2024,Terraform Labs filed for Chapter11bankruptcy underU.S.law.InJune,TFL agreed to a$4.47billion fine with theSEC.On June12,ChrisAmani,the new CEO ofTFL,urged the Terra community to take control of the blockchain as the company was winding downoperations.
Terra（LUNA）PricePrediction:Short-TermOutlook
Despite fluctuations invalue,billionaire venture capitalist Tim Draper maintains his prediction that Terra could reach$1.11by the end of2025or early2026.
LUNAPricePrediction2030
Projectionsvary,with estimates ranging from significant increases by2025to potential peaks in the longterm.Analysts suggest that LUNA could reach$3.17by2030,indicating potential growth opportunities but also highlighting the speculative nature of cryptocurrencyinvestments.
解説
- Terra（LUNA）experiencedadramaticdeclineduetothecollapseofitsalgorithmicstablecoin,leadingtoacompletevaluelossandsubsequentrelaunch.
- Trustissuesandlegalchallenges,includingSECallegationsandChapter11bankruptcy,havesignificantlyimpactedTerra’sreputationandmarketperformance.
- Despitethesechallenges,predictionsforTerra’srecoveryremainoptimistic,withpotentialpricetargetsof$1.11by2025and$3.17by2030.
- Investorsshouldbecautiousandconductthoroughresearch,asthespeculativenatureofcryptocurrencyinvestmentsmeanspotentialgainscomewithsignificantrisks.