Terra Luna (LUNA) Bullish Momentum Continues, $100 Price Target in FocusThe price of most crypto coins such as Terra Luna skyrocketed in the last 7 days, increasing their market caps. This proves the recent rise in Bitcoin affected their bullish

One of such coin that saw a price gain is Terra Luna (LUNA). Following gains, investors and enthusiasts wonder if it could reach $100 price target soon.Before now, Terra Luna had reached a price target on several occasions.

In December 2021, the asset hit an all-time high of $103.33, $104.58 in March 2022, and a surprising $119.18 on April 5, 2022. Although its 24-hour price is down by 1.65% at the time of writing, its technical analysis depicts a promising outlook.

Here’s an overview of the Terra Luna (LUNA) price forecast, the bullish momentum, and influencing factors.

RECENT PRICE ACTION OF TERRA LUNA (LUNA)

It plummeted and soon dropped significant pips to $0.5973 on June 11. Historical data confirmed the steady reduction in coin’s price as it was possibly undergoing a bearish trend.The remaining days to date saw price action of LUNA trading between $0.5681 and $0.7127, the highest position LUNA climbed since June 4.  From recent data gathered in the last 7 days, LUNA’s price has increased by over 12%, implying that it could be on its way to more gains.

Currently, LUNA is trading at $0.6519, with a positive increase in its trading volume by 16.67% in the last 24 hours. This signifies more network activities and probably shows that investors’ interest in the asset is increasing.

ECOSYSTEM REVIVAL

Although this was not part of the update shared by Zion, a group of six engineers have proposed a revival plan for the Terra ecosystem. The Samurai Six, as they call themselves, stated that a true ecosystem revival would be accomplished by leveraging their skills after sharing their $116,000, three-month budget.

SHORT AND LONG TERM PRICE PREDICTIONS

Considering the current market volatility, experts believe the LUNA market price may likely hit a maximum of $0.89 in the short term. The average rate could be between $0.68 and $0.70, with the minimum price expected to be around $0.62. 

CHANGELLY BLOG LONG-TERM PREDICTION

According to Changellyblog, in 2024, the minimum price of LUNA will be around $1.14. The price could climb to a maximum of $1.36 and settle for $1.18 on average. By 2030, the max price of LUNA may likely stay at $12.68. The average sales price expected is $10.96, while the most negligible drop rate may be around $10.67.

DEELANCE AS AN ALTERNATIVE TO TERRA LUNA

Deelance is an innovative platform that aims to revolutionize the freelance industry by providing a decentralized work environment with enhanced transparency and reduced fees. It envisions three key components: a streamlined freelance recruitment platform, an NFT marketplace for asset exchange, and a Metaverse for remote work and collaboration. The project emphasizes transparency through smart contracts, ensuring transaction transparency and freelancer ownership rights.And many more!So what do you make out on this?