Asides from that, another question that trades would interest traders is its stability henceforth. However, fresh news suggests that the developers of the token would be looking at exploring an entirely new blockchain with fresh LUNA tokens. In a program dubbed LUNA 2.0, there have been moves to airdrop new LUNA tokens to users who bought the tokens before and immediately after the crash. The move could be another fresh way to start again. However, the market needs to expect an announcement soon from the project.
Should You Buy LUNA?
In plain terms, buying a LUNA token should be a big NO. Asides from that, most exchanges are still not planning to relist it, while only a few have done so in the last few days. Even though they have listed the token again have warned traders about the volatility that the token is currently experiencing. Take Binance, for example; the crypto exchange has chosen to warn traders before purchasing the token.
However, traders who think they might still be able to get a degree of profit from it can do so. Traders who buy the token now will not be able to get the new LUNA tokens as reports claim that developers have taken the snapshots. With tokens like Shiba Inu also seeing a little bullish runs from time to time with the same trillion market cap, traders could have a chance. However, traders need to purchase this token with only cash they are confident that they can lose.
LUNA Future Price Predictions
It is no longer news that LUNA is in bearish waters for the aforementioned reasons. But while some traders are choosing to steer clear of the token, others are still confident they can get something from it. Presently, LUNA is trading around $0.00015, losing more than 10% of its value in the last 24 hours. However, analysts say this recent bearish cycle might end soon as the token might retake $1 by the end of 2022. 2023 will signal more detailed information about the project’s future as analysts predict that the token might return to being the toast of the market. In that vein, the token will to hover around $3 to end the year.
Conclusion
With everything, traders should endeavor to wait and seek information from the proper channels. You can visit this website regularly for updates about Terra and the LUNA token. With the Terra 2.0 likely to kick into effect, it could be a way to push the token upwards. However, other factors should come into play in the coming months that could tilt the odds in LUNA’s favor. Finally, there is no financial advice better than traders knowing what strategy to adopt when trading. This means they should know when to leave the market, and when to enter the market. Traders should also carry out research and invest with only cash they can afford to spare.