Volatility to crypto investors is nothing new, and the turbulence for the Terra (LUNA) ecosystem in the last couple of months has not been favorable. Despite the recent scandals, LUNA has managed to recover some of its value in the last seven days gaining over 30%.
LUNA is the most searched on the CoinMarketCap platform out of all the cryptocurrencies as of August 2. With all the chaos in the market and the Terra Luna shift to Terra 2.0, there’s left to see if this coin is getting its comeback or if it will stay down while new players such as TAMA are arriving on the scene.
As opposed to Terra, new meme coins, such as Tamadoge are going up with a price prediction of $1. Would it go higher? Let’s see.
How about Terra Luna?
We all remember Terra Luna and the hype around it given its system of enabling holders to stake the LUNA cryptocurrency to provide liquidity and earn rewards. That earned them a nice price of nearly $150 but now their prices dropped below $1.
The coin was developed on the Terra blockchain as part of a dual-token system with the stablecoin terraUSD (UST). UST was minted by burning LUNA, which gave LUNA its value and, theoretically, maintained the stability of UST.
Terra is an open-source blockchain hosting a vibrant ecosystem of decentralized applications (dApps) and top-tier developer tools. Using proof-of-stake consensus and ground-breaking technologies like Mantlemint, Terrain, and Terra Station, the Terra blockchain is one of the fastest chains in existence, giving users an unparalleled DeFi experience. As a permissionless, borderless economy, Terra enables next-generation financial products accessible to anyone with an Internet connection.
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What is Luna?
Luna is the Terra protocol’s native staking token. Luna is used for governance and in mining. Users stake Luna to validators who record and verify transactions on the blockchain in exchange for rewards from transaction fees.
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A new Terra
On May 25th, 2022, Terra Classic users passed governance proposal 1623, which outlined the genesis of a new Terra chain. This proposal also described a genesis distribution of Luna which would be airdropped to users of the Terra Classic chain based on pre-depeg and post-depeg snapshots. Users can find their airdropped Luna by viewing the same wallet address that was present during either snapshot and switching their Terra Station network to the phoenix-1 mainnet.
On May 27th, 2022 the phoenix-1 Terra mainnet launched, ushering in a new era of development by the Terra community.
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Terra Luna Price Not Going Up
Terra’s LUNA price is unquestionably a disappointing situation for the crypto community. There’s no point in beating a dead horse. Older Investors are at a devastating loss, and newer investors are dually suffering a blow from trying to buy a dip amidst the Armageddon-style sell-off in May 2022.
Terra’s LUNA price currently trades at $1.68. Traders, however, should be aware that the LUNA price, like most cryptocurrencies, also trades against the BTC. If you look at the LUNA/BTC chart, you will notice that Terra has completely flatlined in price trading at 0.00000001 SATs.
Additionally, the Relative Strength Index has also flatlined, showing no interest from bears and bulls alike.
Contrary to many traders’ beliefs, the original LUNA/BTC( also known as LUNA classic) is still actively trading. On June 27, Santiment’s On-chain analysis indicators showed an influx of $500 million worth of transactions. The total market cap briefly tagged $1.25 billion. The volume profile is currently averaging about 50% lower at $569 million. Algorithmic trading bots are likely scalping on minute price levels.
We don’t think it will surpass the $1 mark again. The site’s LUNA crypto forecast says it will stay at an average price of $0.00012 this year. This is expected to climb marginally in 2025 when an average price of $0.00018 is predicted. By 2031, its Terra Luna coin price prediction anticipates it to climb to $0.0004.
Terra Classic is expected to see a gradual climb and hit $0.002 in 2028. According to its LUNA coin price prediction for 2030, the cryptocurrency is expected to reach $0.003 that year.
With the declining prices and the lack of belief in Terra’s abilities and use cases, people turn to other projects that look more promising.
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Terra Luna Price Prediction for the rest of 2022
What do our forecasters predict is likely to happen to Terra in the upcoming months?
This is what they are saying about the LUNA coin price prediction for 2022 and beyond.
We expect the LUNA crypto price depreciating trend to continue. The fear and greed index is displaying “fear” with 27 out of 28 technical analyses suggesting investors should sell. Based on our Terra Classic forecast, it’s now a bad time to buy Terra Classic.
We don’t think it will surpass the $1 mark again. The site’s LUNA crypto forecast says it will stay at an average price of $0.00012 this year. This is expected to climb marginally in 2025, when an average price of $0.00018 is predicted. By 2031, its Terra Luna coin price prediction anticipates it to climb to $0.0004.
Terra Classic is expected to see a gradual climb and hit $0.002 in 2028. According to its LUNA coin price prediction for 2030, the cryptocurrency is expected to reach $0.003 that year.
With the declining prices and the lack of belief in Terra’s abilities and use cases, people turn to other projects that look more promising.
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TAMADOGE going for $1?
Tamadoge is the currency at the center of the Tamaverse, allowing you to create, breed, care for, and battle your TAMADOGE pets. This is a memecoin with utility. Launching in July 2022, TAMADOGE is a deflationary cryptocurrency whereby users can battle to climb up the leaderboard by gaining Dogepoints.
Users with the most Dogepoints at the end of each month will be able to claim their winnings from the monthly Dogepool. Your Tamadoge will grow with you, becoming stronger over time, but make sure you look after them. If you leave your Tamadoge for too long then they’ll end up as a Tamaghost.
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What’s a Tamadoge store?
Whenever you make a purchase in the Tamadoge store, from buying your newest Tamadoge pet through to buying food and toys or even just a cool new hat, you’ll always be paying with Tamadoge token.
The token that you use to make the purchase will be split between three different pools, which are designed to provide upwards price pressure for the token, allowing the TAMA team to keep developing the platform and provide a source of tokens for the P2E elements of the game.
5% of the tokens spent will be burnt completely, meaning that for every 100 tokens spent, 5 will be removed, consistently reducing the supply of tokens. 30% of the tokens spent will be used for marketing and platform development, allowing us to grow the Tamadoge following and produce an even better platform.
Finally, 65% of all tokens spent will be added to the P2E prize pool. This is used to pay out rewards from the Tamadoge leaderboard, directly to the community.
TAMAanomics
In total the maximum supply of TAMADOGE will be 2 Billion (2,000,000,000). There will be 1 Billion tokens in circulation at the token generation event, with 400 Million unminted and reserved for exchange listings. There will be 600 Million which will become available to be minted over 10 years to power the Tamadoge project.
Some of the key things you should know about it:
- 50% of tokens will be sold before the DEX listing via a public presale.
- 30% of all tokens will unlock for minting over 10 years, and will be used to fund the Tamadoge project
- 20% of tokens will be reserved for listing on centralized and decentralized exchanges.
How to buy TAMADOGE?
If you find this project interesting, let us guide you through the process of buying the coins.
STEP 1
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend Metamask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
STEP 2
Once you have your preferred wallet provider ready, click “Connect Wallet” and select the appropriate option. For mobile wallet apps you will need to select “Wallet Connect”.
You will then have 3 options
- Buy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak. You will then be able to use this ETH to purchase TAMA. Click “Buy Eth With Card” to begin and follow the on screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase.
- Buy TAMA With ETH. Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) and then click “Convert Eth”. Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas.
- Buy TAMA with USDT. Please ensure you have at least $15 of USDT in your wallet before commencing the transaction. Type in the amount of TAMA you wish to purchase (1,000 minimum). Click “Convert USDT”. You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Please ensure you go through both approval steps in order to complete the transaction.
STEP 3
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release details closer to the time, however you will need to visit the main site https://tamadoge.io and click on the gold “Claim” button.
Tamadoge Contract
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
Summary
Hope you’ve enjoyed our article. Remember, diversification is the key so you should consider investing in different coins, such as Tamadoge.
Of course, never spend what you can’t live without and do your own thinking before that.
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