UST holders, who were once drawn to Terras passive income protocolAnchor (ANC)for its 20% interest rate on deposits, started withdrawing their UST funds in a panickedexit from Terras ecosystem. Put the amount you wish to spend in domestic currency. LUNC is currently down 10% in price today to $0.0001094 meanwhile USTC is down 21% to $0.01905. DigitalCoinPrice was less optimistic about WLUNAs According to its wrapped LUNA crypto price prediction, it saw the token achieve an average price of $0.000183 this year. Crypto.com resumed Trading of LUNA2/USDC Pair. you will get a total of 679657 WLUNA. Therefore, WLUNC needs at least 4,340 months (nearly 361 years) to reach 1 dollar. However, as with any investment, there is always risk involved. WLUNA was designed to allow LUNA owners to hold, trade, and take part in DeFi dApps on Ethereum. Is WLUNA a profitable investment? 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. You can exchange 1 LUNA for 1 WLUNA and vice versa through a WLUNA partner. WebWhat is Wrapped LUNA & Is Wrapped Luna A Good Investment? In return, the owners receive newly minted wrapped versions of their LUNC tokens on one of the supported blockchain platforms. 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. Wrapped LUNA Classic is up 1.09% in the last 24 hours. The easiest way to do so would be to go to the network that has the highest selection of DeFi protocols available and launch a wrapped version of LUNA there. When creating WLUNC by wrapping LUNC, however, a gas fee is paid to cover the costs of the minting process and a separate fee is paid to a blockchain protocol that facilitates the creation of new WLUNC. 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. 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. Confirm your order after making sure everything looks fine. 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. By wrapping LUNC, users can participate in various DeFi lending and trading protocols beyond the native Terra Classic blockchain. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? Will WLUNA price surpass its all time high? If you rely on the information on this page then you do so entirely on your own risk. While it is difficult to make any definite, long-term predictions on the future of the token, there are some general market opinions about LUNA 2.0s viability as an investment. WLUNC is designed to track the price of its underlying asset LUNC at a 1:1 ratio at all times. The project also has a native cryptocurrency called the LUNA token which is used to stabilize the price of the projects stablecoins. The advantages of using Wrapped tokens are: Also Read: Will Luna Classic reach $1? These are our Wrapped LUNA Token price predictions for WLUNA's future. As Terras ecosystem gained traction and saw increased investor and developer activity, WLUNA prices surged to over $86 by the end of 2021. They predict a minimum price of $0.22 and a maximum of $0.27 in 2025. Youve just purchased Wrapped LUNA Token. Forecasts shouldnt be used as a substitute for your own research: Always conduct your own due diligence and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size and investment goals. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in stocks or coins. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. By using this website you agree to our terms and conditions and privacy policy. The Wrapped LUNA Token (WLUNA ) Note: due to the specific nature of Wrapped LUNA Token, the Below is our original article for informational purposes. Price dropped significantly over the past year, down -100%. Wrapped LUNA Token price equal to 0.000147 USD at 2023-03-01. The original chain was renamed to Terra Classic with LUNC as its native governance and reserve asset. However, wrapped tokens allow traders to use the assets on another blockchain different from the native blockchain. He has 8 years of experience writing about cryptocurrencies, technology, and trading. Once locked, an equivalent amount of stashed away LUNC tokens can be minted as WLUNC. 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. to the WLUNA/ WLUNC Wrapped Luna Classic will trade higher if there are attractive initiatives within the community. Wrapped LUNA Token forecast tomorrow, WebIs Wrapped LUNA Token a good investment or worth buying in 2028? Launched in August 2021, the wrapped LUNA cryptocurrency is a version of the LUNA classic token outside its native blockchain. Conflux Price Prediction 2023-30: Will CFX reach $100? Finixio Ltd (Company Name: Finixio Ltd, VAT Number: GB315295409, Company number: 11705811) Tower 42, 25 Old Broad Street, London EC2N 1HN, United Kingdom, Fight Out Presale - Earn Crypto for Working Out, InsideBitcoins uses cookies to improve and customize your user experience, Free crypto wallet with support for storing NFTs, Instant deposits and withdrawals via bank transfer, Attached exchange Coinbase Pro for lower trading fees, Account guarantee protects you from hacks and phishing. Past performance does not guarantee future results. WLUNA is minted on Ethereum according to ERC-20 standards. DigitalCoinPrice was less optimistic about WLUNAs future. Investing In Solana (SOL) Everything You Need to Know, Investing in Hedera Hashgraph (HBAR) Everything You Need to Know, Investing In Avalanche (AVAX) Everything You Need to Know, Investing in Algorand (ALGO) Everything You Need to Know, Investing In Polkadot (DOT) Everything You Need to Know, Investing InCardano (ADA) Everything You Need to Know. The current CoinMarketCap ranking is #3637, with a live market cap of not available. Use the training services of our company to understand the risks before you start operations. That data is not easily available and is nearly impossible to track. The Wrapped LUNA Classic was initially known as Wrapped LUNA Token, trading under the ticker WLUNA. WebInvestment in Wrapped LUNA Classic is profitable or loss-making? The list of networks that support WLUNC includes Ethereum (ETH), BNB Smart Chain (BSC), and Polygon (MATIC). This website does not provide investment, financial, legal, tax or accounting advice. Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. How will Wrapped LUNA Token cryptocurrency price increase? WLUNA was a separate token on a separate chain and not part of the old LUNA to new luna conversion. Is Terra Luna a Good Investment? To understand Wrapping, read on. Term Box: Wrapped Tokens have a similar value as that native token. There is a lot of speculation surrounding wrapped Luna tokens (WLUN) and whether or not they are a good investment. Luna tokens are Terra's way of keeping its stablecoin prices where they should be. WLUNC to USD price is updated in real-time. As part of a targeted, actionable recovery plan, the CEO Do Kwon has proposed several initiatives to revive the Luna 2.0 and make it an investable asset. Wrapped Luna Classic (WLUNC) Price Prediction: Should You Buy WLUNC? Wrapped Luna (WLUNA) is a token on the Ethereum Mainnet thats intended to represent Terra (LUNA) on this blockchain. Considering that reaching $1 is a tough target for Wrapped Luna, $10 is definitely an impossible target to meet. It should be noted that WLUNAs price actionis directly correlated to the performance of LUNA classic (LUNC). Our Ai cryptocurrency 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. WebIs Wrapped LUNA Token a good investment or worth buying in 2029? Its wrapped LUNA price prediction for 2025 expected the token to tradeabove $200 by the end of that year. Wrapped LUNA Token technical analysis, The material provided on this website is for information purposes only and should not be understood as an investment advice. Coin Name: Wrapped LUNA Token: Coin Symbol: WLUNA: USD Price: $ 0.00014647: Price Change (1 H)-4.5 % : 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. Before you do so, however, you will need to conduct your own research. an SEC-approved token also sounds like a good thing to the market," Malik said. The WLUNA price is forecasted to reach a maximum level of $0.00024644 with minimum price of $0.00019295 at the end of When you buy WLUNC tokens on a centralized exchange, your money goes to the person that submitted a sell order, and you get their WLUNC tokens in return. WLUN is a wrapped version of Luna that is backed by Ethereum. Wrapped LUNA Token Overview. This is significant because it gives investors more options when it comes to buying and selling Luna. This makes WLUN a good investment for those who believe in the long-term potential of Luna. Its a separate ERC-20 token designed to monitor LUNAs worth. However, unlike Bitcoin, it offers affordable, fast settlements. 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 official announcement regarding the branding of Terra and Terra Classic digital assets can be found here. Algorithm-based forecasting service Wallet Investor provideda bullish WLUNA price prediction on 16 December 2022.Based on its analysis of past price performance, Wallet Investor predicted that WLUNA could tradeat an average price of $60 in a years time. 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. Wrapped LUNA Token price target in 14 days: Help us improve our free forecast service with share! 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. The price of LUNA has decreased by -5.58% in the last 24 hours. The team is experienced and has a strong track record in the cryptocurrency space. LUNA is fundamental to keeping Terra's stablecoins steady, and token holders can stake the coin Do Kwons company, Terraform Labs, the entity behind the Terra blockchain, attracted more than 40 million users to work with the company at its launch in 2018, according to Forbes. Wrapped LUNA Token coin future price, One of the main reasons why people are interested in WLUN is because of the potential for price appreciation. The ideaology (idea) When will it be in Binance? Kwon is known to have an outspoken personality and hasused Twitterto voice his bullish opinions about the Terra ecosystem on numerous occasions. Wrapped Luna Classic is wrapped to the Terra Luna Classic cryptocurrency and can be used on the Ethereum Blockchain. According to our analysis, this will not happen. Wrapped tokens are created through a burning and minting process. On a fundamental view, the company made many partnerships with payment platforms, mainly in the Asia-Pacific region. On 12 June, Kwon denied claims that he allegedly cashed out $2.7bn in the months leading up to the collapse of Terra. The lowest price since it's ATH was $0.00004295 (cycle low). Unfortunately, despite being the leading cross-chain protocol in the industry, Terras token may feel somewhat limited. There is a high probability that this token will eventually be delisted from major exchanges and that the price will drop to $0.00. While the new Terra 2.0 chain has put a recovery plan in place, the future of theTerra Classic chain remains in limbo. 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. Past performance is not an indication of future results. Yes, WLunc can be a good investment. WLUNA was established to provide LUNA holders access to Ethereum-based DeFi dApps for trading, holding, and participation. If the price fell, it would swap UST for LUNA to push it back up. Ethereum is the birthplace of DeFi, and it features the largest DeFi ecosystem in the entire cryptocurrency industry. 2023 Capital Com SV Investments Limited. So, is a wrapped Luna token a good investment? Is Wrapped LUNA Token price going to drop? expected to be around +171644117.69%. The platform can be accessed anywhere around the globe and is rumored to have partnered with hundreds of graphic designers. WebWrapped LUNA Token has shown very strong potential lately and this could a be good opportunity to dig right in and invest. 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. 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. Because UST and LUNA are linked, a significant loss in USTs value has resulted in a drop in LUNAs overall value. Capital Com is an execution-only service provider. We update our WLUNC to USD price in real-time. While a new LUNA coin and blockchain werecreated, the original cryptocurrency, along with its wrapped version,was left behind by the original developers. 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). In order to create Wrapped LUNA, a transaction fee has to be paid when minting a new token. Called WLUNA, the token was launched on Ethereums network as one of the ERC-20 coins a utility coin that allows LUNA to reach out to one of the biggest ecosystems in the cryptocurrency industry. Note that the content on this site should not be considered investment advice. And, with the DeFi trend still going strong after emerging in 2020, many of the LUNA holders wanted to see the token receive some additional use cases. It incentivizes trading between Luna and stablecoins when it needs to The aim of the platform is to educate individuals and help them make informed decisions regarding their investments in the fast-paced and rapidly evolving world of digital assets. In practice, this means that the security of WLUNC hinges on the security of Ethereum, and other WLUNC-supporting networks. The table above shows the number of days which Wrapped LUNA Classic closed above a certain price level. When investing your capital is at risk. WLUNA is currently trading at the same price as LUNA, $0.00015. The old and new chains operateseparately and existin parallel to each other. I firmly believe that Wrapped LUNA Token can prove to be a successful investment in the near future, which is likely to provide you with higher returns and it is possible that your current investment may increase in value. 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. For more information please read our full risk warning and disclaimer. The LUNA ultimately suffered due to intense liquidation and it became vulnerable to extreme inflation. Connect a payment method by selecting on the box of payment method. There are multiple modes of payment such as a debit card or bank account. 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