His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC. Bitcoin Price Prediction for Today, February 27: BTC/USD Sets to Hit $24k Level, Klaytn Price Rally To $1 Imminent After KLAY Tokenomics Optimization Proposal. GOV Capital is extremely bullish on WLUNA, forecasting it will trade for $157.24 in a year and for $454 in 5 years. Join Our Telegram channel to stay up to date on breaking news coverage. As of 16 December 2022, wrapped LUNA was trading at about $0.0001547. Wrapped LUNA Classic is up 1.09% in the last 24 hours. WLUNC is designed to track the price of its underlying asset LUNC at a 1:1 ratio at all times. Wrapped LUNA Token expected price. DigitalCoinPrice was less optimistic about WLUNAs future. The list of networks that support WLUNC includes Ethereum (ETH), BNB Smart Chain (BSC), and Polygon (MATIC). One of the main reasons why people are interested in WLUN is because of the potential for price appreciation. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Here is the process f using Wrapped tokens: What are the advantages of Using Wrapped Tokens? 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. Please view our affiliate disclosure. The token also supported spot, derivatives and futures trading, this is why it was hosted by a variety of renowned Wallets as well. Wrapped LUNA Token Overview. There is a lot of speculation surrounding wrapped Luna tokens (WLUN) and whether or not they are a good investment. UST was just de-pegged from a $1 value to $0.45, a 55 percent drop. The ideaology (idea) When will it be in Binance? expected to be around +171644117.69%. He has built his career as a banking officer and later on a financial advisor. Conversely, wrapped LUNC tokens can be burned and exchanged back to LUNC directly on the blockchain. Will WLUNA price fall? Cryptocurrency markets are highly volatile. Heres a quick overview of these tokens: Wrapped LUNA Classic can be created using a cross-chain solution that supports Terra Classic and supported target blockchains. Holders of LUNC can burn their tokens and get a corresponding amount of WLUNC deposited on one of the supported blockchains. Note that the content on this site should not be considered investment advice. (In our past posts, weve covered the reasons for LUNAs fall). 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. Is WLUNA a profitable investment? price will be We update our WLUNC to USD price in real-time. 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. Featuring the top 3 cryptocurrency exchanges to buy Wrapped Luna (wLUNA) with a credit card, or Bitcoin (BTC). We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. Many speculators are also positive that the Luna Classic too can be successfully traded soon. Below you will find the price predictions for 2023, 2024, 2025, 2026, 2027, 2028. Synthetix investment analyst at DeFiance Capital, said. With the network with the most DeFi protocols being Ethereum, this was the network that was chosen and Wrapped LUNA Token (WLUNA) was born. There are a few benefits that wrapped LUNA Token can offer, such as: By launching LUNA on Ethereums network in the form of WLUNA, users get to use Ethereums DeFi sector. Wrapped LUNA Token coin forecast, Past performance is not an indication of future results. Capital Com is an execution-only service provider. In a way, WLUNA is not unlike stablecoins. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. If you are unsure, seek independent financial, legal, tax and/or accounting advice. However, through the process of tokenization, it is possible to create new tokens that represent another asset, and by applying this process on LUNA itself, Wrapped LUNA Token was born. Algorand Price Prediction 2023-2030: Will Algorand hit $100? Its LUNA coin price prediction for 2025 says it will climb to a valuation of $100. WebIt was not LUNA, LUNC or WLUNC. Past performance is no guarantee of future results. Currently, LUNA 2.0, due to its steep bearish price action and heavy volatility is displaying a bearish outlook and most industry experts and analysts are hoping that the token will gradually become bullish. The Wrapped LUNA Classic price prediction sentiment is currently bearish, while Fear & Greed Index is showing 50 (Neutral). Wrapped LUNA Classic (WLUNC) has a circulating supply of tokens. 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. Every WLUNA tokens price will always be equal to 1 LUNA. WebWrapped tokens are a reflection of a cryptocurrency that is independent of its original blockchain. The only thing that prevents it from being a stablecoin is the fact that LUNA itself is, as a cryptocurrency, volatile. It should be noted that WLUNAs price actionis directly correlated to the performance of LUNA classic (LUNC). The widely anticipated revamped token marked its debut by launching at the price of $17.8, gradually Luna 2.0 began to increasingly peak, by reaching a high of $19.53. Whereas, depegging refers to the phenomenon of detaching the value of a stablecoin, which, in the present scenario resulted in an unexpected alteration in the market supply and demand. Wrapped Luna (WLUNA) is a token on the Ethereum Mainnet thats intended to represent Terra (LUNA) on this blockchain. 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. However, WLUNA/USDs price saw a jaw-dropping fall in early May 2022, as UST began depegging and investors started withdrawing their capital from the Terra ecosystem. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. IF I wanted to purchase LUNC or WLUNC a To understand Wrapping, read on. Between 74-89% of retail investor accounts lose money when trading CFDs. Wrapped LUNA Token (WLUNA) has been rebranded to Wrapped LUNA Classic (WLUNC) after the launch of the new Terra blockchain in May 2022. However, its security is entirely dependent on the blockchain it is issued on. As of 16 December 2022, there were some optimistic WLUNA price predictions being made by forecasters, including those from DigitalCoinPriceandWalletInvestor. Terra Luna Price Prediction 2023, 2025, and 2030. Itsprice has dropped by 41.90 percent in the last week. Trading involves risk which may result in the loss of capital. The site noted that wrapped LUNA is an awesome long-term investment. Based on its analysis of past price performance, Wallet Investor predicted that WLUNA could trade at $76.041 in 2023 and reach $369.024 by 2027. He has been working for the past year with reputed crypto-journalism portals, Search & Compare Brokers within Crypto, Blockchain & Financial Services. So, what can you actually do with WLUNA? Platforms such as eToro have already started LUNA or LUNC trading. Now, he is focusing primarily on blockchain and cryptocurrency, but here you will also find his texts on the traditional economy, as well as analyses of stocks and investments. In this blog post, we will take a closer look at WLUN and see if it is worth investing in. Wrapped LUNA Classic (WLUNC) can be exchanged for other crypto tokens, for example, Bitcoin (BTC) or Ethereum. Kwon envisioned the use of an algorithmic dollar-pegged stablecoin to power transactions on and off blockchain networks. Wrapped LUNA Token ( WLUNA) has been relatively more volatile than the crypto market according to a recent analysis of the market. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. Past profits do not guarantee future profits. Terra is a blockchain protocol that uses stablecoins cryptocurrencies that are backed by real-world assets, in this case, fiat currencies in order to power global payment systems that have the advantage of featuring stable prices. Wrapped LUNA Token (WLUNA) is available on the following exchanges: Uniswapis a decentralized exchange (DEX) for swapping tokens, which uses an automated market maker (AMM) model that allows users to trade against a liquidity pool. What is the benefit of having the token launched on Ethereum? 1/ This should be obvious, but the claim that I cashed out $2.7B from anything is categorically false. ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Wallet Investor makes a similar prediction, but warns it may be highly unrealistic due to the nature of Wrapped Luna. If you purchased WLUNC on an exchange, it can be sold for USD, EUR, or any other fiat currency supported by the exchange. It is a separate ERC-20 token created to track LUNAs value. The LUNA classic (LUNC) and wrapped LUNA (WLUNA) tokens were trading at about $0.0001555 and $0.0001547 respectively as of 16 December, despite reaching highs of over nearly $120 in early2022. 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. WebThe live Wrapped LUNA Classic price today is $0.000160 USD with a 24-hour trading volume of $91,837.87 USD. Wlunc is wrapped with $LUNC or Terra Luna Classic, Luna Classic has risen by nearly 700% over the last 3 months, Community activities of LUNC are sustaining the cryptocurrency at the moment, The right time to purchase WLUNC will be when the community or Terra foundation makes progress in the direction of the cryptocurrency. Is WLUNA price going up? For example, WBTC is a wrapped token of BTC and has the same value as that Bitcoin. The collapse of Terra LUNA has continued on Wednesday, with the token now dropping to below $1. Wrapped LUNA saw its value plunge from the all-time high of about $263 that it hit in November 2021, to just$0.0001547as of 16 Decembwe2022. 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. The exchanges offering WLunc coins for Trading are Poloniex, Blockchain.com, StellaSwap, CronaSwap, and CODEX. The team is experienced and has a strong track record in the cryptocurrency space. This website does not provide investment, financial, legal, tax or accounting advice. The proposal was passed and the launch of a new chain and LUNA2 cryptocurrency was confirmed, which would go on to exist without its failed algorithmic stablecoin. Historical index for the Wrapped LUNA Token price prediction: . After the collapse of Terra, many investors have filed lawsuits against Kwon and other Terra entities for allegedly misleading investors. Wrapped LUNA Token's average volume is low as $67,536,042.27 worth of the token is typically traded over a 24 hour period. 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. Take caution since Coinbases suspension of WLUNA and TerraUSD (UST) might indicate coming volatility on or around May 27th, when it will be delisted but not permanently. Let us analyse. The latest Price WebWrapped LUNA Classic currently has a market cap of 70,149 and is currently trading at $0.0002. As Terras ecosystem gained traction and saw increased investor and developer activity, WLUNA prices surged to over $86 by the end of 2021. As WLUNA is such a new asset, it's yet to be listed on major exchanges. Whether WLUNA is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. The other way to acquire WLUNC is to buy the token on one of the supported crypto exchanges. Go to Coinbase website and begin the registration procedure. WebAnswer (1 of 18): Wrapped LUNA, also known as WLUNA, is an Ethereum Token that is dedicated to representing Terra (LUNA) on the renowned Ethereum network. As mentioned, the original LUNA token offers limited use cases within its own ecosystem. Luna Classic $0.00016182-0.61%. 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. We may receive compensation when you click on links to products we review. Now that you're connected, you'll be able to swap for 100s of coins including WLUNA. estimate can be significantly excessive / unrealistic! WebThe live Wrapped LUNA Classic price today is $0.000160 USD with a 24-hour trading volume of $91,837.87 USD. - Try Now Risk-Free - Money-back guarantee! Wrapped LUNA Token forecast tomorrow,