Market Stats and Forecasts
Terra Description
Terra (LUNA) is a popular public blockchain protocol that was developed from Terra Classic. Terra Token was founded in January 2018 by Do Kwon and Daniel Shin. Before, Terra ecosystem was epically designed to maintain a stable price for its algorithm but now LUNA operates on a different mechanism, and it is no longer directly tied to the stability of a stablecoin. It now focuses on building strong and decentralized ecosystem of applications. Undoubtedly, this project is new, but it has shown flexibility and grown a good community. Now, the question is what makes Terra unique.
Terra will continue without its stablecoin UST and aims to preserve the Tetta ecosystem with hundreds of developers working on dissimilar decentralized applications. The LUNA token will be airdropped across LUNA classic stakes, holders, and UST holders. It removed the wallet of Terra Foundation Labs for the airdrop event and made it a fully community-owned chain. Security is one of the main concerns when it comes to crypto networks. Terra blockchain is fully secured because it uses a proof-of-stake consensus algorithm based on Tendermint, where LUNA token holders can stake tokens as collateral to validate transactions and earn rewards. Terra will incentivize network security by offering staking rewards of 7% of annual inflation.
When it comes to trading, LUNA tokens can be traded on many centralized exchanges such as Bitrue, Bitfinex, KuCoin, Gate. io, Bybit, and LBank. Overall, we can say LUNA could become an efficient token in few years. The crypto market is volatile and to become a successful token, terra blockchain needs continuous development and adaptability. It needs to build a stronger community, and the developers should focus on more real-time use cases of the network. If you are a crypto investor, we suggest you opt for this coin and enjoy its benefits.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Terra, Our analysis, guided by the machine learning experts, yields forecasts for Terra price trajectory up to 2024. With a comprehensive understanding of Terra historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 3 and an error value of 0.62%.
For the year 2024, our analysis indicates a projected yearly low of $0.487, with the high anticipated to reach $0.722. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-09-15 | 0.596 | 0.608 | 0.626 | 3.32 |
| 2024-09-16 | 0.602 | 0.621 | 0.639 | 3.32 |
| 2024-09-17 | 0.589 | 0.602 | 0.62 | 3.32 |
| 2024-09-18 | 0.602 | 0.615 | 0.633 | 4.46 |
| 2024-09-19 | 0.589 | 0.608 | 0.632 | 3.31 |
| 2024-09-20 | 0.589 | 0.601 | 0.613 | 2.18 |
| 2024-09-21 | 0.595 | 0.608 | 0.626 | 3.30 |
| 2024-09-22 | 0.609 | 0.621 | 0.64 | 5.57 |
| 2024-09-23 | 0.628 | 0.642 | 0.66 | 7.89 |
| 2024-09-24 | 0.615 | 0.628 | 0.641 | 6.71 |
| 2024-09-25 | 0.621 | 0.634 | 0.647 | 6.71 |
| 2024-09-26 | 0.622 | 0.642 | 0.661 | 9.06 |
| 2024-09-27 | 0.635 | 0.648 | 0.661 | 9.06 |
| 2024-09-28 | 0.642 | 0.656 | 0.668 | 10.25 |
| 2024-09-29 | 0.643 | 0.663 | 0.682 | 11.47 |
| 2024-09-30 | 0.643 | 0.663 | 0.683 | 12.69 |
| 2024-10-01 | 0.664 | 0.685 | 0.704 | 13.93 |
| 2024-10-02 | 0.643 | 0.656 | 0.676 | 12.68 |
| 2024-10-03 | 0.664 | 0.678 | 0.698 | 15.16 |
| 2024-10-04 | 0.671 | 0.701 | 0.727 | 17.69 |
| 2024-10-05 | 0.693 | 0.708 | 0.728 | 18.99 |
| 2024-10-06 | 0.694 | 0.716 | 0.737 | 21.60 |
| 2024-10-07 | 0.716 | 0.731 | 0.753 | 22.94 |
| 2024-10-08 | 0.709 | 0.74 | 0.768 | 24.29 |
| 2024-10-09 | 0.724 | 0.747 | 0.768 | 24.29 |
| 2024-10-10 | 0.717 | 0.74 | 0.768 | 24.29 |
| 2024-10-11 | 0.716 | 0.731 | 0.753 | 22.93 |
| 2024-10-12 | 0.732 | 0.747 | 0.769 | 25.63 |
Terra Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Terra is forecasted to achieve its peak value in 2025 at approximately $1.03, while potentially dipping to a low of $0.581. The average trading value during this period is projected to hover around $0.919.Terra Price Prediction 2026
In 2026, Terra is anticipated to potentially reach its peak value of $1.52, with a possible lower value of $0.792. The average trading value for this period is estimated to be approximately $1.36.Terra Price Prediction 2027
As we look ahead to 2027, the trajectory of the Terra coin may offer investors unexpected turns. Projections suggest peaks hitting $2.18 and lows stabilizing around $1.17, with an average trading value resting near $1.93.Terra Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Terra coin. Projections point towards a maximum value of $3.14, a minimum of $1.63, and an average value of approximately $2.75.Terra Price Prediction 2029
Our market analysis indicates optimistic prospects for the Terra crypto in 2029, with projected peaks at $4.49 and floors at $2.33. Moreover, the average trading value of this coin is anticipated to hover around $3.97.Terra Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Terra token. Projections indicate highs near $7.12, potential lows around $3.43, with an average value of about $6.3.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.0000892 by the Sep 15, 2024. The Relative Strength Index (RSI) stands at 1.1925, indicating a Rise market stance. Overall, while the long-term forecast is Sell.
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Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The Terra is predicted to surge by 4.36% to $0.602 by Sep 17, 2024, though current indicators show a Bearish sentiment with 20 out of 30(67%) green days and a notable 8.65% price volatility over the past month.
