According to its wrapped LUNA crypto price prediction, it saw the token achieve an average price of $0.000183 this year. No, Wrapped LUNA Classic price will not be downward based on our estimated prediction. He has 8 years of experience writing about cryptocurrencies, technology, and trading. Wrapped Luna can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. 1/ This should be obvious, but the claim that I cashed out $2.7B from anything is categorically false. For example, LUNC can be locked away and the corresponding value can be used to pursue investments on other platforms, such as trading on Ethereum-based decentralized exchange (DEX) Uniswap (UNI). There are two main ways to obtain Wrapped LUNA Classic. As the original LUNA token is locked within its native blockchain, the only way for users to use it elsewhere is to lock up some of the original LUNA tokens and mint Wrapped LUNA Tokens on a different chain, in this case, Ethereums. Wrapped Luna (WLUNA) is a token on the Ethereum Mainnet thats intended to represent Terra (LUNA) on this blockchain. As it grew by 1.44 times in one month to reach its all-time high value (as discussed above), WLUNC needs a minimum of 43,402 months (nearly 3,616 years) to reach a price level of $10. However, it can achieve that price even early if it increases its utility in the coming years. Will WLUNA price surpass its all time high? ago Fact. Some links are affiliate links. Due to the crisis, most investors and traders sold the asset off believing it to be a dead investment, but there might still be a possibility that it will be able to reach LUNAs ATH in a few years. Trading cryptocurrencies is not supervised by any EU regulatory framework. Holders of LUNC can burn their tokens and get a corresponding amount of WLUNC deposited on one of the supported blockchains. Access the worlds most popular Crypto assets including Bitcoin, ETH, LTC, XRP, Automatically copy top-performing Crypto traders, Deposit using PayPal + 9 other deposit options available (not available to US users), Wrapped Luna is gaining, up 9%: heres where to buy Wrapped Luna. You can exchange 1 LUNA for 1 WLUNA and vice versa through a WLUNA partner. May 12, 2022 Update: Due to the high potential for a collapse of the entire Terra (LUNA) ecosystem we recommend that investors undertake serious due diligence before purchasing this digital asset. It is a separate token, but one that is pegged to LUNA, which grants it the same value per unit. The primary functionality of WLUN is the ability of LUNC owners to engage in decentralized finance (DeFi) on target chains. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. WebIt was not LUNA, LUNC or WLUNC. Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. I firmly believe that Wrapped LUNA Token can prove to be a successful investment in the near future, which is likely to provide you with higher returns and it is possible that your current investment may increase in value. GOV Capital is extremely bullish on WLUNA, forecasting it will trade for $157.24 in a year and for $454 in 5 years. Wrapped LUNA Token expected price. The LUNA-pegged token wrapped LUNA (WLUNA), was also affected by this blow to the cryptomarket as its value depends on the performance of LUNA. Luna is a deflationary currency, which means that there is a limited supply. As of 16 December 2022, wrapped LUNA was trading at about $0.0001547. The advantages of using Wrapped tokens are: Also Read: Will Luna Classic reach $1? Its LUNA coin price prediction for 2025 says it will climb to a valuation of $100. WebWrapped LUNA Token has shown very strong potential lately and this could a be good opportunity to dig right in and invest. The Wrapped LUNA Classic was initially known as Wrapped LUNA Token, trading under the ticker WLUNA. At Walletinvestor.com we predict future values with technical analysis for wide selection of digital coins like Wrapped LUNA Token. For example, WBTC is a wrapped token of BTC and has the same value as that Bitcoin. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. As of 16 December 2022, there were some optimistic WLUNA price predictions being made by forecasters, including those from DigitalCoinPriceandWalletInvestor. This matches a trend picked up by CoinMarketCap that showed wallet addresses owning WLUNA had been gradually increasing over the past three months. Terra blockchain managed to garner a lot of attention thanks to its token LUNA that exploded in prices recently. Wrapped tokens are created through a burning and minting process. The team behind Luna has a lot of experience in the cryptocurrency space, and they have created a unique product. Kadena is a much better technology. It is worth noting that you dont have to buy 1 whole WLUNC token, which means that you can invest as little as you like and obtain only a fraction of the entire token. When will WLUNA price drop? Will Wrapped LUNA Token price drop? NIO Stock Forecast 2023: NIOs Q4 Result Today, Will the Losses Widen? The token which garnered widespread market support was famously airdropped on Binance, and was also listed on various exchange platforms such as ByBit, Crypto.com, Kraken and FTX. As such, it offers all kinds of protocols that allow users to participate in different activities, from staking, lending & borrowing, yield farming, liquidity mining, and more. Is Terra Luna a Good Investment? estimate can be significantly excessive / unrealistic! Wrapped LUNA Classic is up 1.09% in the last 24 hours. This makes WBTC tradeable on both Ethereum and Tron blockchains. WebWrapped Luna (WLUNA) is an Ethereum token that's intended to represent Terra (LUNA) on the Ethereum blockchain. The minted asset can now be used in any blockchain as the asset is minted using a smart contract. The LUNA price is now 160 times higher than its low of $0.00000112 on May 13th. So, what can you actually do with WLUNA? Investing is speculative. Featuring the top 3 cryptocurrency exchanges to buy Wrapped Luna (wLUNA) with a credit card, or Bitcoin (BTC). Deposits and withdrawals, however, will not be affected. Wrapped tokens are assets that can be used with a similar value to native tokens. This brief guide has everything you need to know about the Wrapped Luna token, including whether and where to buy Wrapped Luna if you choose. Top 10 Tether Wallets for Secure Cryptocurrency Storage, 3 reasons why Bitcoin traders should be bullish on BTC. Wrapped LUNA Token Overview. Wrapped LUNA Token cryptocurrency prediction, So, is a wrapped Luna token a good investment? We use cookies to personalise content & ads, provide social media features and offer you a better experience. If the price fell, it would swap UST for LUNA to push it back up. For example, $LUNC or Luna Classic is meant to be used on the Terra Blockchain. In this article, we will look into the Terra ecosystem, its founders and the price history of the wrapped LUNA token. Prateek enjoys breaking down complex topics related to Fintech, the stock market, cryptocurrency, decentralized finance and accountancy so they could be read by a wider audience. Wrapped LUNA Classic price today is $0.000161 with a 24-hour trading volume of $28,534, market cap of $66,411, and market dominance of 0.00%. A stablecoin is a cryptocurrency that is linked to an underlying asset like gold or the US dollar. Your capital is at risk. leading social/technological innovations like Facebook, Smartphones, Data, etc.? The largest supply of wrapped LUNC tokens exists on the Ethereum network (according to Etherscan), with Polygon (according to Polygonscan) and BSC (according to BscScan) coming in a distant second and third, respectively. Essentially, owners of the LUNC token send their tokens to a third party, which then locks them away. Heres a quick overview of key facts about Wrapped LUNA Classic and its core blockchain features: Wrapped LUNA Classic is an Ethereum, Polygon, or BSC-based token that tracks LUNCs price. The WLUNA price is forecasted to reach a maximum level of $0.003 with minimum price of $0.003 at the end of 2030. WLUNA Price | WLUNA Crypto Price Prediction | Wrapped Luna TokenDISCLAIMER: This video is not financial advice, This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. The lowest price since it's ATH was $0.00004295 (cycle low). WLUNA currency forecast, Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Cryptocurrency markets are highly volatile. Wrapped LUNA Token finance tips, The Wrapped LUNA Token (WLUNA ) Luna tokens are Terra's way of keeping its stablecoin prices where they should be. WLUNA, which had been trading at about $84 at the end of April 2022, fell over 60% to about $30 in the first 10 days of May. Orca Price Prediction 2023, 2025, and 2030: Will ORCA reach $10? The cryptocurrency market is prone to substantial volatility, with prices of most crypto assets experiencing significant swings on a daily basis. Wrapped Ether price enjoyed strong support downward offered by the 50-day, 200-day, and 100-day Simple Moving Averages (SMAs) at $1,573, $1,438, and $1,398 levels, respectively. 84% of retail investor accounts lose money when trading CFDs with this provider. Terra Luna Price Prediction 2023, 2025, and 2030. Contrary to the new chain, Terra Classic supports fiat-pegged algorithmic stablecoins such as TerraClassicUSD (USTC). Note that analyst and algorithm-based wrapped LUNA crypto price predictions can be wrong, and can change at any time. We update our WLUNC to USD price in real-time. They can still withdraw their tokens at any time, but if they keep them locked for a certain period, depending on the project, they can receive rewards in exchange for offering their tokens. The other way to acquire WLUNC is to buy the token on one of the supported crypto exchanges. On a fundamental view, the company made many partnerships with payment platforms, mainly in the Asia-Pacific region. UST holders, who were once drawn to Terras passive income protocolAnchor (ANC)for its 20% interest rate on deposits, started withdrawing their UST funds in a panickedexit from Terras ecosystem. In a way, WLUNA is not unlike stablecoins. Wrapped LUNA Token price prediction, collapse of the entire Terra (LUNA) ecosystem. WebI purchased WLUNA as it was a separate token and totally separated from LUNA. It should be noted that WLUNAs price actionis directly correlated to the performance of LUNA classic (LUNC). It means that WLUNC needs to grow by 6,250 times to reach a price level of 1 dollar. This gives investors confidence that Luna is a project worth investing in. Between 5 May 2022 and 23 May 2022, a UST savings account that paid a 20% interest rate and made the asset a very popular investment. This means that Wrapped LUNA Classic represents 0.00% of the $1.06 T total Best Wrapped LUNA Token forecast, The first vote is token supply burn. Featured in Forbes, Nasdaq.com, Yahoo Finance, Free Tickets to Jackpot Prize Draws for Holders, Passive Income Rewards - Play to Earn Utility, 10,000 NFTs Minted in 2022 - Now on NFTLaunchpad.com. Is Wrapped Luna A Good Investment? Pegging is the process of tying or associating the value of one currency or asset to another, and usually, the value can be determined in a 1:1 ratio. Even though it cant be traded freely, staked LUNA is never owned by a validator. One of the main reasons why people are interested in WLUN is because of the potential for price appreciation. The top-performing year for Wrapped LUNA Classic was 2021 when the price of WLUNC increased by 415.22% from $16.58 to $85.43. WebWrapped LUNA Token has shown very strong potential lately and this could a be good opportunity to dig right in and invest. Web26 February 2023: At the time of writing this Terra Classic price predictions 2023, LUNA trade at $0.00013214 with a 24 hour USD volume of $148,770,991.00. The final reason to consider investing in WLUN is the team behind Luna. If you purchased WLUNC on an exchange, it can be sold for USD, EUR, or any other fiat currency supported by the exchange. This can be especially useful when pursuing investment opportunities on Ethereum, which is home to by far the largest selection of decentralized applications (dApps), including popular decentralized exchanges (DEXs), like Uniswap (UNI), and crypto lending protocols such as Aave (AAVE). An unofficial LUNC Twitter account shared that 528.8 billion LUNC had been staked since it launched in late August, making up 7.66% of the total supply. WLUN is traded on a number of different exchanges, which makes it easy to buy and sell. different analyzed time series. Lucky Block - Our Recommended Crypto of 2022, Prateek is a writer in the crypto niche with several by lines in reputed websites such as Business2Community as well as here at InsideBitcoins. Wrapped LUNA Classic (WLUNC) is a wrapped version of Terra Classic (LUNC) that exists as a separate token on supported blockchains. It's also beginner-friendly, and has more payment methods available to users than any other available service. Kwon is known to have an outspoken personality and hasused Twitterto voice his bullish opinions about the Terra ecosystem on numerous occasions. A lot of crypto investors tend to buy their coins and hold them for weeks, months, or even years, without ever selling them or using them for any purpose. According to Do Kwons LinkedIn profile, Kwon studied computer science at Stanford University inCalifornia between 2010 and2015. Wrapped Luna token is up 8.61% in the last 24 hours. By the same token, a Polygon fee must be covered when wrapping LUNC on the Polygon network. Please be very careful as there are fake bitcoin mining/clouding out there, lost my money with 3 seperate scam crypto investment companies and I can i think this bitcoin price prediction is a lot more accurate than your randomized graphs!! Leading platform that provides comprehensive and up-to-date information on the world of cryptocurrency investment. the price prognosis for 2027-05-25 is 252.317 US Dollars. Conversely, wrapped LUNC tokens can be burned and exchanged back to LUNC directly on the blockchain. Called WLUNA, the token was launched on Ethereums network as one of the ERC-20 coins a utility coin that allows LUNA to reach out to one of the biggest ecosystems in the cryptocurrency industry. Note that the content on this site should not be considered investment advice. Yes. Vroom Stock Forecast: Will VRM Stock Rise Above $2? The token was initially named Wrapped LUNA Token and was trading under the WLUNA ticker. WLUNA was trading at about $14 at the time of its launch in August 2021. Wrapped Luna Price Prediction 2023 is $0.000337 Should You Buy WLunc? However, price predictions are often wrong. As mentioned, the original LUNA token offers limited use cases within its own ecosystem. Doing this essentially means that users will lock their tokens in one of many DeFi protocols and leave them at the projects disposal. Currently, Terra Classic (LUNA) holds the rank 213 on TechNewsLeader Price Index with the market capitalization of $863,727,289. Your LUNA tokens will still grow in value over time, just as they would if you simply kept them locked away in your private wallet. Investing is speculative. Ernest Miller is a research analyst for Investment Talk. The current price of Wrapped LUNA Token is WLUNC is designed to track the price of its underlying asset LUNC at a 1:1 ratio at all times. The original chain was renamed to Terra Classic with LUNC as its native governance and reserve asset. Its a separate ERC-20 token designed to Both of these prices are far below where they were at the beginning of May when the former Luna token was worth over $80 and the former UST stablecoin pegged to the US dollar. year. The CEO, while announcing the launch reassured the investors of the success of the hard fork approach, which ultimately delinks the Terra ecosystem from their preceding blockchains. When will Wrapped LUNA Token price go down? This forecast isn't updated for some reason: missing data or revoked This is different from most cryptocurrencies, which have an unlimited supply. The collapse of Terra LUNA has continued on Wednesday, with the token now dropping to below $1. Is Wrapped Luna Token a Good Investment? WebThe live Wrapped LUNA Classic price today is $0.000160 USD with a 24-hour trading volume of $91,837.87 USD. 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To substantial volatility, with prices of most crypto assets experiencing significant swings on daily... Price prognosis for 2027-05-25 is 252.317 US Dollars is minted using a smart contract grow by 6,250 to... Lose money when trading CFDs with this provider owners to engage in decentralized is wrapped luna token a good investment ( DeFi ) target!, will the Losses Widen lose money when trading CFDs with this provider cycle )! $ 0.0001547 and vice versa through a WLUNA partner those from DigitalCoinPriceandWalletInvestor social media features and offer you better! Same value per unit the other way to acquire WLUNC is to buy wrapped LUNA token shown. Is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings rigorous editorial standards to our... Platform that provides comprehensive and up-to-date information on the Polygon network of many DeFi protocols and leave them the. Locks them away a deflationary currency, which means that WLUNC needs to grow 6,250! Leading social/technological innovations like Facebook, Smartphones, Data, etc. blockchain. In prices recently opinions about the Terra ecosystem on numerous occasions and exchanged back to LUNC directly the... Can achieve that price even early if it increases its utility in the last 24 hours increased by 415.22 from..., kwon studied computer science at Stanford University inCalifornia between 2010 and2015 value per unit kwon computer! Bitcoin ( BTC ) contrary to the new chain, Terra Classic supports algorithmic! Lot of attention thanks to its token LUNA that exploded in prices recently underlying like...
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