Even though it cant be traded freely, staked LUNA is never owned by a validator. More importantly, LUNA classic tokens were designed to maintain the dollar peg of Terra Classics algorithmic stablecoin terraUSD (UST). Some links are affiliate links. Wrapped LUNA Classic can be compared to other wrapped tokens in the industry. losed Joint Stock Company FinTech Solutions, Wrapped LUNA price prediction for 2023and beyond. This makes WLUN a good investment for those who believe in the long-term potential of Luna. We use cookies to personalise content & ads, provide social media features and offer you a better experience. WLUNC derives its value directly from its underlying asset, the native governance and utility token of the Terra Classic ecosystem, LUNC. The price of LUNA has decreased by -5.58% in the last 24 hours. 0.000147 USD to ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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. 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). However, as with any investment, there is always risk involved. 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 Therefore, it is safe to delegate LUNA. Wrapped LUNA Classic like virtually every other cryptocurrency is prone to considerable price fluctuations. Whatever the future Though Wrapped LUNA Classic has previously reached above $100, it is currently priced at $0.00016. 24-hour trading volume is $ 32,750.89 USD. Compared to its successful year in 2021, the price of LUNA classichas remained stagnant since its crash in May, with it failing to break the $0.001 barrier, let alone come close to its all-time high of $263.98 in November 2021. 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. As WLUNA is such a new asset, it's yet to be listed on major exchanges. 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. Conflux Price Prediction 2023-30: Will CFX reach $100? Keep track of your holdings and explore over 10,000 cryptocurrencies. Apecoin Price Prediction 2023, 2025, and 2030: Will Apecoin reach $100 and $1000? 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. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. According to our analysis, this will not happen. 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. Once locked, an equivalent amount of stashed away LUNC tokens can be minted as WLUNC. Launched in August 2021, the wrapped LUNA cryptocurrency is a version of the LUNA classic token outside its native blockchain. Luna is a new cryptocurrency that was created in 2020. For this reason, consider starting with smaller investments if you do decide to make an investment in crypto. 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. The total amount of WLUNC in circulation depends on the number of LUNC holders that are willing to wrap their tokens. WLUNA, which had been trading at about $84 at the end of April 2022, fell over 60% to about $30 in the first 10 days of May. The Token hit an all-time high of $116.52 about a couple of months ago. The Terra ecosystem members crash was triggered by the long-expected fall of the Terra UST which had witnessed a marked decline due to it being depegged, leading to mass market volatility and extreme UST dumping. Another reason to invest in WLUN is its liquidity. Please be very careful as there are fake bitcoin mining/clouding out there, lost my money with 3 seperate scam crypto investment companies and I can i think this bitcoin price prediction is a lot more accurate than your randomized graphs!! Wrapped coins increase interoperability between blockchains, as standalone blockchains are not designed to pass information between them. 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. 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 . 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. Based on our forecasts, a long-term increase is expected,
Wrapped LUNA Token is currently traded on seven exchanges, with Coinbase Exchange ($60.55 million), Uniswap V3 (Ethereum) ($4.23 million), and SushiSwap (Ethereum) ($829,209) being the most popular. Its a separate ERC-20 token designed to monitor LUNAs worth. Currently, Terra Classic (LUNA) holds the rank 213 on TechNewsLeader Price Index with the market capitalization of $863,727,289. Its wrapped LUNA price prediction for 2025 expected the token to tradeabove $200 by the end of that year. The platform can be accessed anywhere around the globe and is rumored to have partnered with hundreds of graphic designers. WLUNC is designed to track the price of its underlying asset LUNC at a 1:1 ratio at all times. 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. For more information please read our full risk warning and disclaimer. Find out what this means to you and get the rest of the rankings on Here is the process f using Wrapped tokens: What are the advantages of Using Wrapped Tokens? To understand Wrapping, read on. -1 Eurothrift 6 mo. Holders of LUNC can burn their tokens and get a corresponding amount of WLUNC deposited on one of the supported blockchains. 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. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies. 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. 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. 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. At the moment, it is not advisable to buy Wlunc. Gala Price Prediction 2023, 2025, 2030, Can Fetch.ai reach $10, $100? Is 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. According to Do Kwons LinkedIn profile, Kwon studied computer science at Stanford University inCalifornia between 2010 and2015. This resurgence came after a staking feature went live on the classic blockchain. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? Stacks Price Prediction 2023: Will STX reach $100? Given the LUNC has run up quite a bit over the last few months, it is natural for some profit taking. The final reason to consider investing in WLUN is the team behind Luna. The first vote is token supply burn. 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. The average yearly growth of Wrapped LUNA Classic over the last 3 years is 157.61% per year. So far Sunday, the crypto has declined 57.89% to $0.0002200550054. 1/ This should be obvious, but the claim that I cashed out $2.7B from anything is categorically false. The collapse of Terra LUNA has continued on Wednesday, with the token now dropping to below $1. The old and new chains operateseparately and existin parallel to each other. Securities.io is not a registered broker, analyst, or investment advisor. The latest Price As a facilitator of the transaction, the exchange usually charges a small maker or taker fee. Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. 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. Wrapped LUNA Token Price Forecast 2023 FAQs What will be Wrapped LUNA Token worth in 2023? Past profits do not guarantee future profits. For example, $LUNC or Luna Classic is meant to be used on the Terra Blockchain. The LUNA-pegged token wrapped LUNA (WLUNA), was also affected by this blow to the cryptomarket as its value depends on the performance of LUNA. A stablecoin is a cryptocurrency that is linked to an underlying asset like gold or the US dollar. A wrapped token is a mirror form of a cryptocurrency that exists outside its native blockchain network. Our Ai cryptocurrency 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. 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