What is Luna Classic (LUNC)?
As per the Terra project’s website, Terra is a blockchain platform for businesses and payment platforms that add real value to the project. After the recent crash, the Terra team decided to move to Terra 2.0 they have rebranded Terra LUNA as Terra Classic (LUNC). Terra Classic (LUNC) is now the old version of Terra LUNA. The Terra platform is working to develop the blockchain payment models that are required to create possibilities in blockchain technology.
Is Luna Classic (LUNC) a good investment?
Terra Classic (LUNC) is considered one of the most popular projects in the blockchain domain. But after the recent crash, now LUNC is one of the riskiest digital assets in the market. The downfall of LUNC sunk the investment of its trusted investors. We suggest crypto traders do their own research before investing in Terra or any other crypto.
After some recent events in the crypto market, it’s not easy to trust any crypto project completely. If it comes to the performance of the cryptos, it’s not easy to make accurate price forecasts. Cryptos change their performances suddenly, which can be bearish or bullish, depending on the market. A risk analysis is essential before investing in Luna Classic or LUNC Coin.
Terra Classic (LUNC) Price Prediction / Market Forecast
The crypto market is known to be highly volatile, predicting future price points of Terra Classic is a difficult task and many other factors influence the price. As a result, the predictions on our website should not be taken as financial advice and you should do your own research. Consult your financial advisor before making any investment decisions.
Terra Classic (LUNC) Price Prediction 2022
As we recover from the crypto winter, we are expecting that Terra Classic will achieve a maximum price of $0.000284 as the market starts to recover. The minimum expected price is $0.000189 and the average price will hover around $0.000237. Read More
Terra Classic (LUNC) Price Prediction 2023
As Terra Classic continues to reach new highs, our algorithm expects that in 2023, Terra Classic can achieve a maximum price of $0.000442 while the average price for the year will stay around $0.000395. If a bear market appears, the minimum price LUNC can reach in 2023 is $0.000347. Read More
Terra Classic (LUNC) Price Prediction 2024
In 2024, we expect Terra Classic to see impressive growth as crypto gains recognition across many business sectors. As a result, the price could reach as high as $0.0006, averaging around $0.000552. Terra Classic could see a minimum price of $0.000505. Read More
Terra Classic (LUNC) Price Prediction 2025
With the continued growth of capital in the crypto market, Terra Classic could reach a maximum price of $0.000758 in 2025 with an average price of $0.00071. If a sell-off occurs, the minimum price expected in our prediction sits at $0.000663. Read More
Terra Classic (LUNC) Price Prediction 2026
Considering the adoption of LUNC by countries around the world, Terra Classic can claim a maximum price of $0.000915 by 2026 with an average price of $0.000868 expected. Furthermore, the minimum price for the same year could see $0.000821. Read More
Terra Classic (LUNC) Price Prediction 2027
In the year 2027, Terra Classic adoption will continue to rise, with regulators starting to accept that crypto is here to stay. Investors could see LUNC reaching a maximum price of $0.001073 by 2027 followed by a minimum price of $0.000978. The average price for 2027 is expected to be $0.001026. Read More
Terra Classic (LUNC) Price Prediction 2028
In 2028, due to the growth over the last 5 years, we will see another major bull, which means that Terra Classic investors may see LUNC achieve a maximum price of $0.001231 followed by an average price of $0.001184. The minimum price derived from our technical analysis is $0.001136. Read More
Terra Classic (LUNC) Price Prediction 2029
For the year 2029, LUNC is expected to continue to rally towards $0.001389 based on market sentiment. Failing to gain this support could see Terra Classic average around $0.001341 and bottom out $0.001294. Read More
Will Luna Classic recover?
As the Terra Coin crashed in 2022 many crypto traders are curious to know whether the Luna Classic can recover and touch $100 again or not. As per our Terra Classic prediction, it will be hard for the LUNC to recover or touch again $100 very soon. However, if you’re a long-term holder and want to hold Luna classic as your retirement plan it may cross again the $100 level in the next decade. The reason is Terra team has increased the supply of Luna Classic. Usually, tokens with a high supply hardly cross $1, but token burn may help LUNC to hit the target of $100 in the long term.
As we have seen in the past, nothing is impossible in the crypto market. A great bull rally or bear rally can thrash all the price predictions in seconds. However, after the sudden crash in 2022, it’s hard for investors to believe in the LUNC project again. But if the situation changes and more investors are attracted to the Terra Classic project the price of the LUNC Coin may skyrocket and touch $100 before our LUNC price prediction.
Terra Luna Price Prediction: Some Facts
- Terra was founded in January 2018 by Daniel Shin and Do Kwon.
- The Terraform Labs had two native tokens, Terra Luna and the stablecoin UST.
- Terra network works on a proof-of-stake consensus algorithm based on Tendermint.
- After the collapse of both UST and Terra 1.0, Terra Luna 2.0 was launched in place of Luna 1.0 and the Luna 1.0 was converted to Luna Classic.
- Terra (LUNA) has a supply of 1 billion tokens.
- Of 1 billion tokens, this is how it has been distributed:
- 8% of the tokens for the Developer mining program.
- 1.5% for the Developer alignment program.
- 0.5 has been reserved for the Emergency allocation to app developers.
- 20% has been added to the Community Pool
- 10% is for the Pre-attack UST holders and the other 10% if for the Post-attack LUNA holders.
- 15% have been reserved for Post-attack UST holders.
- The current circulation supply of Terra Luna is 127,475,474.31 while the total max supply of Luna is 1,004,262,701.
Note: cryptootime collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.