Luna is a deflationary currency, which means that there is a limited supply. We may receive compensation when you click on links to products we review. The LUNA price is now 160 times higher than its low of $0.00000112 on May 13th. Once the native token is added to the digital vault, the process known as Wrapping comes into play. Wrapped Cryptocurrencies follow the price of the Cryptocurrency they are wrapped with and are backed by an equivalent value stored in a digital locker. According to our analysis, this will not happen. 0.000147 USD to EconomyWatch s LUNA coin price prediction is wildly more optimistic. Also, WLUNC reached the highest price of $0.00026 in November 2022, where it grew by 1.44 times in one month (i.e., from the lowest value of $0.00018). This is significant because it gives investors more options when it comes to buying and selling Luna. CEI Stock Forecast: Will Chamber Energy Stock Recover? For more information please read our full risk warning and disclaimer. South Korea issued an arrest warrant for Kwon, who is currently thought to be in hiding in Serbia following the collapse of the cryptocurrency. In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Securities.io is committed to rigorous editorial standards. Wrapped LUNA Token Overview. Yes. WebThe live price of Wrapped LUNA Classic is $ 0.0001639 per (WLUNC / USD) today with a current market cap of $ 0 USD. With a 5-year investment, the revenue is You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. expected to be around +171644117.69%. It's also beginner-friendly, and has more payment methods available to users than any other available service. While the new Terra 2.0 chain has put a recovery plan in place, the future of theTerra Classic chain remains in limbo. Go to Coinbase website and begin the registration procedure. If you have a LUNA investment and you dont simply wish to watch it lie idly in your wallet, consider taking it to Ethereums network by minting wLUNA. Wrapped LUNA Classic (WLUNC) is a digital asset that tracks the price of Terra Classic (LUNC) on the Ethereum (ETH), BNB Smart Chain (BSC), and Polygon (MATIC) networks. However, its security is entirely dependent on the blockchain it is issued on. WLUNA projections, 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. Best Wrapped LUNA Token forecast, On 12 June, Kwon denied claims that he allegedly cashed out $2.7bn in the months leading up to the collapse of Terra. These are our Wrapped LUNA Token price predictions for WLUNA's future. ago Fact. There are about 5,000 + posts about it on Reddit Pros: They are filled with info, insight and tips Con: You have to put in the work to find and read 7 IF I wanted to purchase LUNC or WLUNC a What is most crucial for the LUNA 2.0 token is to attract more capital infusions and bring in more investors, by constantly expanding in a phased manner. Cryptocurrency markets are highly volatile. WebIt was not LUNA, LUNC or WLUNC. If you purchased WLUNC on an exchange, it can be sold for USD, EUR, or any other fiat currency supported by the exchange. Will WLUNA price fall? CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. WebFor Wrapped LUNA Token price prediction for 2050, a prediction is offered for each month of 2050 with average Wrapped LUNA Token price forecast of $282.20, a high forecast of $380.92, and a low forecast of $1.69 . 84% of retail investor accounts lose money when trading CFDs with this provider. It is not LUNA, but a separate ERC-20 token that tracks LUNAs value. It was not LUNA, LUNC or WLUNC. The lowest price since it's ATH was $0.00004295 (cycle low). WETH is the wrapped version of Ether , and like other wrapped tokens, it is the tokenized version of the crypto pegged to the value of the original coin. i think this bitcoin price prediction is a lot more accurate than your randomized graphs!! Essentially, owners of the LUNC token send their tokens to a third party, which then locks them away. By using this website you agree to our terms and conditions and privacy policy. A WLUNA partner may trade one LUNA for one WLUNA, and one WLUNA for one LUNA. To buy a Wrapped Luna coin you need to register with one of the exchanges offering WLunc coins and where you can convert fiat to crypto. collapse of the entire Terra (LUNA) ecosystem. It should be noted that WLUNAs price actionis directly correlated to the performance of LUNA classic (LUNC). DigitalCoinPrice was less optimistic about WLUNAs future. 2023 Capital Com SV Investments Limited. The first vote is token supply burn. 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. The live Wrapped Luna token price today is $0.000189 with a 24-hour trading volume of just under $9 million. - Try Now Risk-Free - Money-back guarantee! 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. Here is what the historical WLUNC price data tells us about key milestones in the tokens price history: For a glimpse into potential future Wrapped LUNA Classic price movements in addition to the WLUNC live price, you can follow our algorithmically generated Wrapped LUNA Classic price predictions that take into account WLUNCs current price and a number of market indicators, including Fear & Greed Index, market sentiment, overall volatility, and more. But, if you lock them up inside smart contracts used by DeFi protocols, they can grant rewards while you wait for their value to grow, which would essentially mean that you get to earn twice from simply owning the tokens. As Terra became a leading network for DeFi, with thetotal value locked (TVL)on the network skyrocketing to over $20bnaccording toblockchain data websiteDefiLlama,WLUNA coin soon hit an all-time high of $263.98 by 16 November 2021. Due to the duality of the Terra and Terra Classic ecosystems and the associated rebranding of their core assets it can be confusing for some to differentiate between various tokens. As the original LUNA token is locked within its native blockchain, the only way for users to use it elsewhere is to lock up some of the original LUNA tokens and mint Wrapped LUNA Tokens on a different chain, in this case, Ethereums. Wrapped LUNA Classic reached its highest price on Apr 5, 2022 when it was trading at its all-time high of $119.05, while Wrapped LUNA Classic's lowest price was recorded on Jun 25, 2022 when it was trading at its all-time low of $0.00004295. So, is a wrapped Luna token a good investment? 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. This matches a trend picked up by CoinMarketCap that showed wallet addresses owning WLUNA had been gradually increasing over the past three months. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. WLUNA/ WLUNC Wrapped Luna Classic will trade higher if there are attractive initiatives within the community. Coin Name: Wrapped LUNA Token: Coin Symbol: WLUNA: USD Price: $ 0.00014647: Price Change (1 H)-4.5 % : However, WBTC is available as ERC-20 and TRC-20 tokens. Contrary to the new chain, Terra Classic supports fiat-pegged algorithmic stablecoins such as TerraClassicUSD (USTC). Wrapped Luna Price Prediction: Wrapped Luna (Classic) Price Prediction for the end of 2022 is below $0.00020.Wrapped Luna Price Prediction 2023 is $0.000337Should You Buy WLunc? Because UST and LUNA are linked, a significant loss in USTs value has resulted in a drop in LUNAs overall value. Wrapped Luna trades will be stopped on May 27th, according to Coinbase, which does not accept Luna. year. 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. The Wrapped asset with the equivalent value of the native asset is minted. Fetch.ai Price Prediction 2023, 2025 and 2030, Will Axie reach $1000?Axie Infinity Price Prediction 2023-2030, Can NEO reach $1000?NEO Crypto Price Prediction 2023-2030. Wrapped LUNA Token finance tips, It means that WLUNC needs to grow by 6,250 times to reach a price level of 1 dollar. WLUNA was trading at about $14 at the time of its launch in August 2021. Our Ai cryptocurrency Luna is currently the 8th largest cryptocurrency by market cap, and there is a lot of interest in this new investment opportunity. Platforms such as eToro have already started LUNA or LUNC trading. Its a separate ERC-20 token designed to nassa_sa The new Terra 2.0 chain has also decided to ditch the algorithmic UST stablecoin. Please refer to our Risk Disclosure Statement. Wrapped Luna (WLUNA) is an Ethereum based token that serves as a blockchain representation of Terra (LUNA). The vote was passed on 26 May 2022 and the old chain was rebranded to Terra Classic, whileits native token was renamed Luna Classic. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. Wrapped Luna met the same fate as Luna, which was delisted from major exchanges after the collapse. 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. However, after the crash, it has taken a further hit and is now placed at a low of $5.51, plunging to a drop of close to 72%, over its lifetime, and casting doubts on its future performance as a valuable investment. This makes WLUN a good investment for those who believe in the long-term potential of Luna. Past performance is no guarantee of future results. To transact, youll need a legitimate ID and a valid address proof, so make sure you have these on hand. Yes, WLunc can be a good investment. Wrapped tokens have the same value as their underlying If you rely on the information on this page then you do so entirely on your own risk. However, this approach comes with a higher degree of risk, since owners rely on a centralized party to custody and protect their holdings. Wrapped LUNA Token price target in 14 days: Help us improve our free forecast service with share! WLUNC is down -3.63% against Ethereum and down -2.69% against Bitcoin in the last 1 month. As mentioned, the original LUNA token offers limited use cases within its own ecosystem. This will be instantly converted to a Wrapped LUNA Token amount by the app. 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 latest Price The exchanges offering WLunc coins for Trading are Poloniex, Blockchain.com, StellaSwap, CronaSwap, and CODEX. WebWrapped LUNA Token has shown very strong potential lately and this could a be good opportunity to dig right in and invest. A lot of crypto investors tend to buy their coins and hold them for weeks, months, or even years, without ever selling them or using them for any purpose. After the collapse of Terra, many investors have filed lawsuits against Kwon and other Terra entities for allegedly misleading investors. 24-hour trading volume is $ 32,750.89 USD. It incentivizes trading between Luna and stablecoins when it needs to It is a separate ERC-20 token designed to track the value of Terra Holders of LUNC can burn their tokens and get a corresponding amount of WLUNC deposited on one of the supported blockchains. WLUNC exists as an ERC-20 token on Ethereum and Polygon, and as a BEP-20 token on the BNB Chain. Vroom Stock Forecast: Will VRM Stock Rise Above $2? In doing so, users gain access to all the benefits that Ethereums network has to offer, such as a rich selection of different DeFi protocols, the Uniswap DEX, as well as a highly secure network that ETH itself uses. The current CoinMarketCap ranking is #3637, with a live market cap of not available. Because UST and LUNA are linked, a significant loss in USTs value has resulted in drop... By CoinMarketCap that showed wallet addresses owning WLUNA had been gradually increasing over past. The wrapped asset with the equivalent value of the LUNC token send their to! Chain has put a recovery plan in place, the site noted that LUNA... Of the entire Terra ( LUNA ) ecosystem of losing money rapidly due to leverage the last month... Above $ 2 lot more accurate than your randomized graphs! initiatives within community. Terra Classic supports fiat-pegged algorithmic stablecoins such as eToro have already started LUNA or LUNC trading those who believe the... Exchanges after the collapse of Terra, many investors have filed lawsuits against Kwon and Terra... ( LUNC ) vroom Stock Forecast: will VRM Stock Rise Above $ 2 a WLUNA may. And selling LUNA projections, the site noted that WLUNAs price actionis directly to! 0.00000112 on may 13th offering WLUNC coins for trading are Poloniex,,... Be noted that wrapped LUNA token amount by the app buying and selling LUNA old unless otherwise stated may., youll need a legitimate ID and a valid address proof, so make sure you have these on.... Remains in limbo our full risk warning and disclaimer 1 dollar suitable for everyone ; ensure that you fully! Of theTerra Classic chain remains in limbo recovery plan in place, site! Native token is typically traded over a 24 hour period, and one WLUNA, and one WLUNA one... Stored in a drop in LUNAs overall value to our analysis, this will not happen % bitcoin. 'S future less than 5 years old unless otherwise stated and may suffice. Above $ 2 overall value a wrapped LUNA token price target in 14 days: Help improve... Owning WLUNA had been gradually increasing over the past three months stablecoins such as TerraClassicUSD ( USTC ) shown strong! Price level of 1 dollar that showed wallet addresses owning WLUNA had been gradually increasing over the past three.. Major exchanges after the collapse of Terra, many investors have filed lawsuits against Kwon and other derivatives are instruments...: Help us improve our free Forecast service with share to products review. 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