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. The wrapping of Luna tokens is important because it allows them to be traded on Ethereum exchanges. This can be especially useful when pursuing investment opportunities on Ethereum, which is home to by far the largest selection of decentralized applications (dApps), including popular decentralized exchanges (DEXs), like Uniswap (UNI), and crypto lending protocols such as Aave (AAVE). They can still withdraw their tokens at any time, but if they keep them locked for a certain period, depending on the project, they can receive rewards in exchange for offering their tokens. This is important for investors who want to be able to cash out of their investment quickly. Wrapped LUNA Token Overview. Coin Name: Wrapped LUNA Token: Coin Symbol: WLUNA: USD Price: $ 0.00014647: Price Change (1 H)-4.5 % : The Token hit an all-time high of $116.52 about a couple of months ago. There is very little possibility for it to replicate the LUNA Classics all-time high of $119 anytime soon, the most it can expect is to climb to a steady high of $26-$29, in the next three fiscal years. We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. expected to be around +171644117.69%. As mentioned WLUNA is not a standalone cryptocurrency, but it is also not LUNA itself. May 12, 2022 Update: Due to the high potential for a collapse of the entire Terra (LUNA) ecosystem we recommend that investors undertake serious due diligence before purchasing this digital asset. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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 tokens are assets that can be used with a similar value to native tokens. For this reason, consider starting with smaller investments if you do decide to make an investment in crypto. anna-coulby Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies. 24-hour trading volume is $ 32,750.89 USD. The initial procedure would be introducing a type of shock absorber that will monitor demand and supply levels, stabilizing the token in such a manner, that it would be at low risk of depegging. The vote was passed on 26 May 2022 and the old chain was rebranded to Terra Classic, whileits native token was renamed Luna Classic. Securities.io is not a registered broker, analyst, or investment advisor. nassa_sa Wrapped Bitcoin (WBTC) and Wrapped Ethereum (wETH) are the most prominent examples of derivative tokens that are designed to track the price of their respective underlying crypto assets. With Ethereum being the blockchain with the largest count of DeFi protocols and different available options, exchanging LUNA for WLUNA and using it in Ethereums DeFi ecosystem can bring numerous advantages and opportunities. 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. DigitalCoinPrice was less optimistic about WLUNAs The site Past performance is not an indication of future results. The difference between trading assets and CFDs. WLUNA is minted on Ethereum according to ERC-20 standards. However, for using Wrapped tokens a process known as minting is used. CEO of the Terraform Labs, Do Kwon, launched the Luna 2.0 or LUNA2/USDC, on 28th May as an attempt to revive the Terra Ecosystem, as a rebranded version of the LUNA ( which is now known as LUNC). Crypto.com resumed Trading of LUNA2/USDC Pair. WLUNA was trading at about $14 at the time of its launch in August 2021. If you buy Wrapped LUNA Token for 100 dollars today, Both of these prices are far below where they were at the beginning of May when the former Luna token was worth over $80 and the former UST stablecoin pegged to the US dollar. With prior experience in SEO and social media, Eric understands well the type of high quality, yet simplified coverage that readers like to engage in. Wrapped Luna (WLUNA) is an Ethereum based token that serves as a blockchain representation of Terra (LUNA). Need circle to hold #WLUNA $LUNA pic.twitter.com/YdjzS4Z5Nf, Keep updated with our round the clock and in-depth cryptocurrency news. At the moment, it is not advisable to buy Wlunc. In other words, this is a good way to use your money to make more money. EconomyWatch s LUNA coin price prediction is wildly more optimistic. We update our WLUNC to USD price in real-time. Join Our Telegram channel to stay up to date on breaking news coverage. WLUNC is designed to track the price of its underlying asset LUNC at a 1:1 ratio at all times. In return, the owners receive newly minted wrapped versions of their LUNC tokens on one of the supported blockchain platforms. However, this approach comes with a higher degree of risk, since owners rely on a centralized party to custody and protect their holdings. Luna Classic $0.00016182-0.61%. In this article, we will look into the Terra ecosystem, its founders and the price history of the wrapped LUNA token. WLUNC should not be considered as a direct copy of LUNC on Ethereum but rather a separate ERC-20, or BEP-20 token that reflects the value of LUNC and can be used to participate in decentralized finance (DeFi) products and services running on the Ethereum and BNB Smart Chain networks. Kwon envisioned the use of an algorithmic dollar-pegged stablecoin to power transactions on and off blockchain networks. How High Can Wrapped LUNA Token Go?At PricePrediction.Net we predict future Wrapped LUNA The top-performing year for Wrapped LUNA Classic was 2021 when the price of WLUNC increased by 415.22% from $16.58 to $85.43. It was not LUNA, LUNC or WLUNC. However, it appears to still have the attention of investors after releasing a new staking feature. Luna Classic Price Prediction 2023, 2025 and 2030, To Understand why WLUNA is trading lower and not rising over the last few days, continue reading, else, skip to the table of contents. 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. Wrapped LUNA Token (WLUNA) has been rebranded to Wrapped LUNA Classic (WLUNC) after the launch of the new Terra blockchain in May 2022. 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. CEI Stock Forecast: Will Chamber Energy Stock Recover? Wrapped LUNA Token's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Conflux Price Prediction 2023-30: Will CFX reach $100? However, unlike Bitcoin, it offers affordable, fast settlements. The collapse of Terra LUNA has continued on Wednesday, with the token now dropping to below $1. When will WLUNA price drop? Never invest more money than you can afford to lose, because prices can go down as well as up, Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: due Past performance is no guarantee of future results. Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. The token also supported spot, derivatives and futures trading, this is why it was hosted by a variety of renowned Wallets as well. 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. However, it can achieve that price even early if it increases its utility in the coming years. Wrapped tokens have the same value as their underlying The token is used for stakingand for governance purposes on the network. According to our WLUNC price prediction page and the live WLUNC price data, the Wrapped LUNA Classic (WLUNC) market is at the moment. Unfortunately, despite being the leading cross-chain protocol in the industry, Terras token may feel somewhat limited. Below you will find the price predictions for 2023, 2024, 2025, 2026, 2027, 2028. Coinbase - Largest Cryptocurrency Platform, Eric is a skilled crypto researcher and writer whose current focus is on deconstructing Blockchain, FinTech and Finance trends for his target audience. As of 16 December 2022, there were some optimistic WLUNA price predictions being made by forecasters, including those from DigitalCoinPriceandWalletInvestor. Therefore, WLUNC needs at least 4,340 months (nearly 361 years) to reach 1 dollar. Is Terra Luna a Good Investment? Wrapped Cryptocurrencies follow the price of the Cryptocurrency they are wrapped with and are backed by an equivalent value stored in a digital locker. This matches a trend picked up by CoinMarketCap that showed wallet addresses owning WLUNA had been gradually increasing over the past three months. Terra Luna Price Prediction 2023, 2025, and 2030. However, WLUNA recently experienced a surge in its value, rising by 450% over the course of September. The official announcement regarding the branding of Terra and Terra Classic digital assets can be found here. No, Wrapped LUNA Classic price will not be downward based on our estimated prediction. By putting Wrapped LUNA Token in the search bar, you may find Wrapped LUNA Token. However, wrapped tokens allow traders to use the assets on another blockchain different from the native blockchain. The project also has a native cryptocurrency called the LUNA token which is used to stabilize the price of the projects stablecoins. 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. While the new Terra 2.0 chain has put a recovery plan in place, the future of theTerra Classic chain remains in limbo. The sites wrapped LUNA token price prediction alsosuggested that WLUNA could reacha price of $0.00189 in five years time. As one would expect, when minting WLUNC on Ethereum, an Ethereum transaction fee must be paid, while a BSC fee is paid when minting Wrapped LUNA on the BSC network. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? Wrapped coins increase interoperability between blockchains, as standalone blockchains are not designed to pass information between them. However, WBTC is available as ERC-20 and TRC-20 tokens. call +44 20 3097 8888 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Wrapped LUNA Token Price Forecast 2023 FAQs What will be Wrapped LUNA Token worth in 2023? WebWrapped LUNA Classic currently has a market cap of 70,149 and is currently trading at $0.0002. Starting an LLC for Crypto Investing Yay or Nay? Keep in mind that past performance is no guarantee of future returns, and never invest money that you cannot afford to lose. These are generally considered to be idle assets. Deposits and withdrawals, however, will not be affected. It is not LUNA, but a separate ERC-20 token that tracks LUNAs value. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. 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. WLUN is traded on a number of different exchanges, which makes it easy to buy and sell. Wrapped LUNC can be stored in a blockchain wallet that supports the type of WLUNC (ERC-20 or BEP-20) you own. According to CoinMarketCap, wrapped LUNA was the 3,568th-largest cryptocurrency in the world by market capitalisation. 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. Note: due to the specific nature of Wrapped LUNA Token, the On April 5, cryptocurrency coin Terra (LUNA) reached its all-time high of $119.18, but today it lost 95% of its value and is trading at $1.25 at time of writing. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Luna is a new cryptocurrency that was created in 2020. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. 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. WLUNA was designed to allow LUNA owners to hold, trade, and take part in DeFi dApps on Ethereum. Below is our original article for informational purposes. With a team of experts and a wealth of resources, Investmentalk.com is the go-to destination for anyone looking to explore the exciting world of cryptocurrency investment. Wrapped LUNA saw its value plunge from an all-time high of about $263 hit in November 2021 to trade at $0.0001547as of 16 December 2022. It would all depend on maintaining trust in the minds of investors. It is worth noting that you dont have to buy 1 whole WLUNC token, which means that you can invest as little as you like and obtain only a fraction of the entire token. Will WLUNA price surpass its all time high? You will also come across relevant news, on-chain data analysis and wrapped LUNA price predictions for 2022 and beyond. Safemoon Price Prediction 2023, 2025 and 2030: Will SafeMoon Reach 1 Cent? You can exchange 1 LUNA for 1 WLUNA and vice versa through a WLUNA partner. By using a WLUNA partner, users can exchange 1 LUNA for 1 WLUNA at any time, and also switch them back instantly whenever they feel like returning the tokens to their original blockchain. Wrapped LUNA Token price prediction, How will Wrapped LUNA Token cryptocurrency price increase? 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. 2023 Capital Com SV Investments Limited. Wrapped Luna Classic $WLUNC on the other hand is an ERC-20 Token and can be used on the Ethereum blockchain. Depending on where you reside, verifying the ID proof may take some time. We may receive compensation when you click on links to products we reviewed. He has been working for the past year with reputed crypto-journalism portals, Search & Compare Brokers within Crypto, Blockchain & Financial Services. 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. As WLUNA is such a new asset, it's yet to be listed on major exchanges. 0.000147 USD to Each investment is unique and involves unique risks. Put the amount you wish to spend in domestic currency. The old and new chains operateseparately and existin parallel to each other. different analyzed time series. Please refer to our Risk Disclosure Statement. Wrapped LUNA Classic (WLUNC) can be exchanged for other crypto tokens, for example, Bitcoin (BTC) or Ethereum. Orca Price Prediction 2023, 2025, and 2030: Will ORCA reach $10? It stooped to its all-time low of $0.00003564 on 28 June. Solana Price Prediction 2023-2030. The key question that arises is whether Luna2 will be able to bounce back and whether the token is a worthy investment? In practice, this means that the security of WLUNC hinges on the security of Ethereum, and other WLUNC-supporting networks. An unofficial LUNC Twitter account shared that 528.8 billion LUNC had been staked since it launched in late August, making up 7.66% of the total supply. collapse of the entire Terra (LUNA) ecosystem. Wrapped LUNA Token predictions for 2023 >, Wrapped LUNA Token predictions for 2024 >, Wrapped LUNA Token predictions for 2025 >, Wrapped LUNA Token predictions for 2026 >, Wrapped LUNA Token predictions for 2027 >, Eterbase Price Prediction, XBASE Forecast, Ideaology Price Prediction, IDEA Forecast. A wrapped token is a mirror form of a cryptocurrency that exists outside its native blockchain network. Trading cryptocurrencies is not supervised by any EU regulatory framework. Contrary to the new chain, Terra Classic supports fiat-pegged algorithmic stablecoins such as TerraClassicUSD (USTC). 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. 2027, 2028 pic.twitter.com/YdjzS4Z5Nf, Keep updated with our round the clock and in-depth news. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate all. 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