Despite the reduced interest in Terra blockchain, probably because of the recent lawsuit filed against Terra founder Do Kwon and TerraForm Labs by the United States Securities and Exchange Commission (SEC), the popular crypto exchange, Changelly, has shared what investors should expect from LUNA this year 2023 and beyond.
In a recent development, Changelly believes Terra (LUNA) would perform outstandingly in the crypto market, giving investors a tremendous return on investment (ROI) this year. Per a Sunday blog post, the widely adopted cryptocurrency exchange forecasted the monthly price performance for LUNA and the expected ROI for every month.
LUNA Price Prediction: February to Mid-2023
With February 2023 almost ending, expert analysts at Changelly state that the maximum price LUNA can achieve in the remaining days of the month is $1.90. Despite the persisting bearish trend on LUNA, the platform noted that the asset would not fall beneath the $1.67 level. Notably, data extracted from Coingecko show Terra (LUNA) is down about 7% in the last 7 days. At the time of writing, LUNA is trading for $1.71 per coin.
A slight LUNA price surge is expected in March. According to Changelly, the potential return on investment LUNA can bring in the succeeding month is 15%. It is projected that the value of the asset would stay above $1.82 throughout March 2023 while its predicted maximum price is $1.99 during this month.
While the potential ROI on LUNA for April 2023 is pegged at 19.7%, Changelly predicted that LUNA investors would see a higher return in May 2023. In particular, it is projected that LUNA’s price may record an increase in value to as high as $2.17 in May, with the assumption that it may not plummet below $1.93 during this month. This goes further to imply a potential 25.4% ROI if one chooses to invest in LUNA in May.
But in April, TA experts expect the average exchange rate of LUNA to be around $1.96. For this month, it is also said that the asset would have its strong support at the $1.87 level with a tight resistance at $2.07.
Then by mid-2023, LUNA is predicted to give investors a return on investment that is above 30%. The predicted price range for LUNA in June 2023 is $2.01 and $2.25.
Terra Classic (LUNC) Price Prediction
As earlier reported by TimesTabloid, a machine learning algorithm that utilizes several technical indicators including the Relative Strength Index and Moving Average for prediction equally forecasted the price of LUNC for March 1, 2023.
Unlike the bullish sentiment Changelly has for LUNA, the PricePrediction platform showed a short-term bearish sentiment for Terra Classic. But with the anticipated positive reaction from the largest blockchain ecosystem and exchange, Binance regarding the Terra Classic burn expedition, LUNC could be set for a notable rally in the coming months.
Follow us on Twitter, Facebook, Telegram, and Google News