Connect with us

Uncategorized

Luna Price Rises 5% To Further Defy Critics

Published

on

Luna price

Luna again traded in the green on Friday with an uptick of 5% to shrug off negative outlook already predicted by critics.

Luna debuted on many crypto exchanges with a price over $15 which quickly corrected to around $5. Luna then shot up to $12 before the Binance listing – where many predicted the largest sell-off would occur.

Luna did fall 50% in price. But it hasn’t fallen below $6 and today is starting to grow again. Just yesterday Luna had even gone past $7 to a price of $7.22.

It comes as scores of developers have taken their DEXs, staking protocols, savings accounts, dApps, and projects over to the new Terra network.

Faith, it appears, is back in Luna.

Luna price predictions

Price predictions for Luna are gambling at best. However, all predictions for Luna show it going up – rather than down – in price.

The most bullish price prediction for Luna is on Wallet Investor, which predicts a Luna price of $71 by December 2022. Meanwhile, DigitalCoinPrice predicts Luna will be at $9.33 next year.

Many analysts have pointed to the reduced circulating supply of Luna as a base for bullish predictions. The new Luna token has a total supply of 1 billion – but only 210 million tokens are currently liquid for trading. The remainder will be released in six months’ time and up to two years.

If Luna were to get back into the crypto top 10 – where it was in early May – it would need a market cap above $10 billion. This would give Luna a price of $48.

EverGrow Coin – higher price predictions for 2022

If it’s high price predictions you’re looking for, there are few cryptocurrencies more bullish than EverGrow Coin.

Wallet Investor puts the EverGrow Coin price prediction within one year at $0.365. This incredibly bullish prediction would see a 17,000,000,000,000% price hike in EverGrow Coin which is currently trading at $0.0000002303.

Price predictions are strong for EverGrow Coin after it became the leading reflection token, with over $37 million in BUSD reflections paid to investors since September last year. The BUSD rewards are financed by a 14% transaction which also goes towards strategic buyback & burn.

To date, EverGrow Coin has burned through 53% of its supply.

From June, EverGrow Coin will drop an NFT marketplace and content subscription platform. These will increase the rewards and coin burns for EverGrow Coin while drawing more crypto newcomers into the industry.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement
You have not selected any currencies to display
mebookshelfandi