The Terra ecosystem has accepted UST as a stablecoin, making LUNA and UST interchangeable. The list of networks that support WLUNC includes Ethereum (ETH), BNB Smart Chain (BSC), and Polygon (MATIC). However, DeFi has emerged for these exact situations, granting users the ability to lock away these idle assets inside DeFi protocols, as discussed above, and use them for earning. Given the LUNC has run up quite a bit over the last few months, it is natural for some profit taking. 84% of retail investor accounts lose money when trading CFDs with this provider. 50.841 USD in one Your capital is at risk. You'll need to create your wallet, grab your address, and send your coins there. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. 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). We may receive compensation when you click on links to products we review. The collapse of the Terra blockchain ecosystem in May 2022 put the Terra Classic network and its tokens into a state of limbo. Luna Classic $0.00016182-0.61%. Investing is speculative. In return, the owners receive newly minted wrapped versions of their LUNC tokens on one of the supported blockchain platforms. In this blog post, we will take a closer look at WLUN and see if it is worth investing in. After the collapse of the Terra ecosystem and the launch of a new Terra blockchain in May 2022, Wrapped LUNA Token was renamed to Wrapped LUNA Classic, while the name of its ticker changed to WLUNC. Wrapped Luna Classic is wrapped to the Terra Luna Classic cryptocurrency and can be used on the Ethereum Blockchain. WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance (DeFi) dApps on Ethereum. If you buy Wrapped LUNA Token for 100 dollars today, Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Deposits and withdrawals, however, will not be affected. due LUNC is currently down 10% in price today to $0.0001094 meanwhile USTC is down 21% to $0.01905. Its a separate ERC-20 token designed to Coin Name: Wrapped LUNA Token: Coin Symbol: WLUNA: USD Price: $ 0.00014647: Price Change (1 H)-4.5 % : Wrapped LUNA Token price predictions 2023, 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. On Coinbase Pro, you may acquire WLUNA for a low price by logging in with your Coinbase credentials the maker/taker charge of 0.4 percent / 0.6 percent is less than using the normal Coinbase site. The key question that arises is whether Luna2 will be able to bounce back and whether the token is a worthy investment? This makes WBTC tradeable on both Ethereum and Tron blockchains. 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. Crypto.com resumed Trading of LUNA2/USDC Pair. Kwon envisioned the use of an algorithmic dollar-pegged stablecoin to power transactions on and off blockchain networks. The minted asset can now be used in any blockchain as the asset is minted using a smart contract. It is a separate ERC-20 token designed to track the value of Terra On 12 June, Kwon denied claims that he allegedly cashed out $2.7bn in the months leading up to the collapse of Terra. If you are unsure, seek independent financial, legal, tax and/or accounting advice. Go to Coinbase website and begin the registration procedure. What is even more worrisome is that the Luna had in fact seen a bull run of $119, and post the crash, is now reduced to fractions of its value. Wrapped LUNA Classic (WLUNC) can be exchanged for other crypto tokens, for example, Bitcoin (BTC) or Ethereum. As mentioned, the original LUNA token offers limited use cases within its own ecosystem. There is a lot of speculation surrounding wrapped Luna tokens (WLUN) and whether or not they are a good investment. By the same token, a Polygon fee must be covered when wrapping LUNC on the Polygon network. This is important for investors who want to be able to cash out of their investment quickly. According to our predictions, this won't happen in near future. 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. As WLUNA is such a new asset, it's yet to be listed on major exchanges. Therefore, it is safe to delegate LUNA. Since Wrapped LUNA Classic is a wrapped digital assets, its circulating supply depends entirely on users and their proclivity to mint Wrapped LUNA Classic tokens. Access the worlds most popular Crypto assets including Bitcoin, ETH, LTC, XRP, Automatically copy top-performing Crypto traders, Deposit using PayPal + 9 other deposit options available (not available to US users), Wrapped Luna is gaining, up 9%: heres where to buy Wrapped Luna. Past performance is no guarantee of future results. Terra Luna Classic Price Prediction as $100 Million Trading Volume Comes In $1 LUNC Incoming? More importantly, LUNA classic tokens were designed to maintain the dollar peg of Terra Classics algorithmic stablecoin terraUSD (UST). i think this bitcoin price prediction is a lot more accurate than your randomized graphs!! 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. 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. Contrary to the majority of other cryptocurrencies, which are programmed to have either an uncapped or capped token supply, the supply of WLUNC tokens doesnt follow the same principles. At the moment, it is not advisable to buy Wlunc. As of 16 December 2022, wrapped LUNA was trading at about $0.0001547. ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The average Wrapped LUNA Token price prediction of 2050 represents a +116.58M% increase from the last price of $0.0001609 . Wrapped Ether price enjoyed strong support downward offered by the 50-day, 200-day, and 100-day Simple Moving Averages (SMAs) at $1,573, $1,438, and $1,398 levels, respectively. CEI Stock Forecast: Will Chamber Energy Stock Recover? Prateek enjoys breaking down complex topics related to Fintech, the stock market, cryptocurrency, decentralized finance and accountancy so they could be read by a wider audience. WebWrapped LUNA Classic like virtually every other cryptocurrency is prone to considerable price fluctuations. The live Wrapped Luna token price today is $0.000189 with a 24-hour trading volume of just under $9 million. For more information please read our full risk warning and disclaimer. Please refer to our Risk Disclosure Statement. 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. There is no need to go through exchanges, pay expensive transaction fees, and alike. Our forecasts The price of Wrapped LUNA Token on the date of writing the article is $0.000162 USD, up 41.19 percent in the previous 24 hours. It's also beginner-friendly, and has more payment methods available to users than any other available service. The new community vote proposed by Kwon saw the Terra blockchain split in two separate chains. In order to create Wrapped LUNA, a transaction fee has to be paid when minting a new token. - Try Now Risk-Free - Money-back guarantee! 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. Since the price of WLUNC directly tracks the value of its underlying asset LUNC, Wrapped LUNA Classics price and its investment potential are entirely dependent on the market success of Terra Classics primary token. Put the amount you wish to spend in domestic currency. We update our WLUNC to USD price in real-time. Conversely, wrapped LUNC tokens can be burned and exchanged back to LUNC directly on the blockchain. Wrapped Luna had a lifetime high of $268 in November 2021, just before the Terra environment imploded. The final reason to consider investing in WLUN is the team behind Luna. 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. The Wrapped LUNA Classic was initially known as Wrapped LUNA Token, trading under the ticker WLUNA. Web26 February 2023: At the time of writing this Terra Classic price predictions 2023, LUNA trade at $0.00013214 with a 24 hour USD volume of $148,770,991.00. However, unlike Bitcoin, it offers affordable, fast settlements. UST was just de-pegged from a $1 value to $0.45, a 55 percent drop. leading social/technological innovations like Facebook, Smartphones, Data, etc.? If Luna does well in the future, then WLUN will also increase in value. 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. Note: due to the specific nature of Wrapped LUNA Token, the The WLUNA price is forecasted to reach a maximum level of $0.00024644 with minimum price of $0.00019295 at the end of 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. No, Wrapped LUNA Classic price will not be downward based on our estimated prediction. Will WLUNA price surpass its all time high? 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 relatively more volatile than the crypto market according to a recent analysis of the market. Ethereum is the birthplace of DeFi, and it features the largest DeFi ecosystem in the entire cryptocurrency industry. Luna is currently the 8th largest cryptocurrency by market cap, and there is a lot of interest in this new investment opportunity. Let us analyse. So, is a wrapped Luna token a good investment? Here is the process f using Wrapped tokens: What are the advantages of Using Wrapped Tokens? future an SEC-approved token also sounds like a good thing to the market," Malik said. 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. The Wrapped LUNA Classic price prediction sentiment is currently bearish, while Fear & Greed Index is showing 50 (Neutral). WLUNC is an ERC-20 Coin wrapped around Luna Classic $LUNC. Keep in mind that past performance is no guarantee of future returns, and never invest money that you cannot afford to lose. 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. Shady WLUNA Contract Bridge Spells Trouble for the Terra Luna Community, Everything You Need to Know About Luna Airdrop, LUNC What to Expect for the LUNA 2.0 Price Post LUNA Airdrop, While Terras LUNA 2.0 Goes Live, Here Is Why Coinbase Decides To Stay Away, Will a Complete LUNA Burn Happen Traders Support Burning LUNA, What is Wrapped Luna Where to Buy WLUNA Crypto, Heres why LUNA is pumping days after total collapse, Wrapped LUNA Classic is most commonly known as an ERC-20 token on the Ethereum network that tracks the price of Terra Classic, In addition to Ethereum, Wrapped LUNA tokens can be created on the BNB Smart Chain and Polygon networks, In order to mint WLUNC, an equivalent amount of LUNC tokens must be locked in a digital vault, and a conversion fee paid on the target blockchain, WLUNC allows LUNC owners to transfer the value of their Terra Classic-based tokens to other blockchain ecosystems, WLUNC can be used to participate in various DeFi products and services running on the Ethereum and BSC blockchains, Wrapped LUNA Classic was originally known as Wrapped LUNA Token, but was renamed after the Terra ecosystem, $20 - The price of WLUNA (later renamed to WLUNC) reached $20 in August 2021, mere weeks after the token first started trading earlier in the month at an initial price of $14.9, $50 - The price of Wrapped LUNA tokens first surpassed $50 during November 2021s crypto bull market, $100 - WLUNCs price chart skyrocketed past $100 in the final days of 2021 and ascended to its ATH of $119 in April 2022, $10 - The price of Wrapped LUNA Classic plunged below $10 in the span of two days after USTC first lost its $1 peg on May 9, 2022, $0.00002 - In the second half of May 2022, WLUNC fell to its ATH lowest price of less than $0.00002. 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