Terra’s LUNA token saw its highest price peak since June this past September, reaching a high of $6.7385. The Luna Crypto coin has picked up in momentum in the last 24 hours, with Binance completing its first “Luna Classic” burn of fees.
With all the news circling Terra and Luna tax burn, October will see interesting shifts in the coin’s price. Here’s our prediction for LUNA in October.
Luna Crypto Price Prediction: October 2022
LUNA is currently sitting at $2.55, according to CoinMarketCap. Terra is up 2.73% in the last 24 hours.
Crypto experts at ChangellyBlog estimate that the average LUNA rate will float around $2.62974. After the surge in price in mid-September, the crypto has since leveled around the $2.53 range.
Changelly predicts a slight bump in the LUNA price this month, with a max of $2.70973 and a minimum of $2.37976. It’s hard to predict a huge rise or fall for LUNA this month, so it’s safe to say that this prediction is accurate.
Terra as a company has fallen dramatically since its co-founder, Do Kwon, went “on the run” from authorities. Plenty of controversies have surrounded the company, which has impacted its native Luna token over the course of the past few months.