Terra Classic (LUNC) Price Prediction 2022,2025,2030: Will LUNC Reach $1?

2023/01/13By: C, Fiona

 

Before bears stepped in, the price of Terra Luna Classic had risen by 16% since the beginning of the year, but now it has only risen by 8%. Now that it’s settled back down within the November support zone, Terra looks poised to make a strong upward move over the next few weeks.

In the past few days, the price of Luna Classic has shown considerable power against the trend. To test the monthly high reached in December, the bulls may be ready for a 20% rally.

 

In May of last year, LUNC was at the center of the breakdown of the Terra ecosystem. In addition, the coin has taken a major hit due to the demise of the FTX cryptocurrency exchange in November of last year. The company has seen a decline in market value from $1.5 billion to $0.9 billion.

 

Proof-of-stake (PoS) is the consensus method that ensures all transactions on the Terra 2.0 blockchain are legitimate. Ethereum, the market leader in cryptocurrency, has likewise switched from a proof-of-work to a proof-of-stake system. This has increased the already fierce competition between PoS blockchains.

 

At any given time, there are 130 validators active in the network. It’s widely acknowledged as a green token for use on the PoS platform.

 

 

 

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LUNC Price History

Since its inception in 2019, LUNC’s price has fluctuated between $0.2 and $1.3. This pattern continued until April of 2021. Midway through 2021, the cryptocurrency industry had a boom, and the price of bitcoin began to rise. And by the end of the year, it had come close to $100.

 

As of this writing, FTX’s market valuation was just under $1 billion, down from $1.5 billion on November 8. From 2022 on, it was consistently worth $50 to $100, with a peak of $119.18 on April 5, 2022. In the following month, May, the Terra system disintegrated and its price fell.

 

As of this writing, one unit cost $0.00015461. According to Bloomberg, the market lost over $45 billion in the week following the Terra crash (reported in May 2022). The Korean National Tax Service levied penalties of $78.4 million against Terraform Labs and its co-founder, Do Kwon, for unpaid company and individual income taxes.

 

According to Bloomberg, the network released a new version of the LUNA cryptocurrency on May 25th, 2022. Luna Classic (LUNC) is the name given to the older crypto, while Luna 2.0 is the name given to the newer crypto (LUNA).

 

Many people are switching to LUNA from LUNC, the earlier cryptocurrency, yet LUNC is still in use. Notably, LUNC has not been performing well. The value of LUNC on the market is an indication of how investors feel about cryptocurrencies generally. It didn’t even go close to $500 million in 2019 and 2020, but it started rising again in 2021.

 

The beginning of February sees it pass the $1 billion milestone. It has surpassed $36 billion by the end of 2022. In April of 2022, LUNC surpassed $41 billion, continuing its increasing trajectory from the previous year. However, after the decline in May of 2022, it has varied between $300 million and $1.5 billion ever since.

 

Kwon’s passport is being threatened with cancellation by South Korea, which could force him to return home. According to Bloomberg, a request to have the travel passport revoked has been sent to the country’s Foreign Ministry. He and the others have had arrest warrants issued for them.

 

It was recently revealed by Financial Times that Kwon has been issued a Red Notice by Interpol at the request of South Korean prosecutors. However, in a series of tweets, Kwon assured his followers that he was not hiding from the law and that the company had nothing to hide.

 

The whole cryptocurrency market has suffered losses due to the crypto crisis that followed the demise of Terra USD and Luna Classic, which were twin cryptocurrencies. Under these conditions, LUNC is especially at risk.

Terra Classic (LUNC) Price Prediction

 

While the Terra Classic combines the greatest technologies for blockchain adoption, the UST scandal and subsequent legal and criminal probes throw a short-term shadow over the Terra Classic’s price growth prospects. Would Terra defy the odds in order to reach new heights? Let’s find out.

 

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Terra Classic (LUNC) Prediction 2023

 

One of the most impressive altcoins to emerge this year is Terra Classic, say its proponents (LUNC). In the second half of 2023, the price of LUNC is expected to skyrocket, possibly reaching $0.00025, according to projections.

 

The price will gradually increase, but there won’t be any major decreases like other cryptocurrencies have had. Although aiming for an average price of $0.000233 is an ambitious goal, it is achievable in the near future with the help of projected partnerships and innovations. The lowest possible price for LUNC is 0.0002.

 

 

Terra Classic (LUNC) Prediction 2024

 

The projected value of Terra Classic LUNC in 2024 has substantial space to grow. We expect the price of LUNC to rise above $0.000417 in the near future as a result of the possible announcement of various new collaborations and activities. Wait till the relative strength index for LUNC exits the oversold area before getting too enthusiastic.

 

Due to the high degree of fluctuation in the market, LUNC will trade between $0.000333 and $0.000367.

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Terra Classic (LUNC) Prediction 2025

 

If the current growth rate persists until 2025, LUNC might see a price of $0.000583 by then. The target may not be reached if the market falls short of expectations. In 2025, the price of one LUNC token is forecast to range from $0.000533 to $0.0005.

 

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Terra Classic (LUNC) Prediction 2030

 

In 2030, analysts predict that the highest price for Terra Luna will be about $0.006, with an average trading price of $0.004. If Terra Luna continues to fall, it may reach a low of $0.003. The price of Terra Classic will reach a new all-time high by the year 2030. The lowest possible price is $0.001334, and the highest possible price is $0.001417, with an average of $0.001367.

 

Will LUNC Reach $1 in 2023?

 

Cryptocurrency investors who were around before Terra and the hyperinflation-induced crisis sometimes wonder if LUNC can ever recover. One possible line of inquiry is whether or not LUNC can get back to $1.

 

Given that one LUNC is currently worth about $0.000014, a return of about 750,000% would be required. If the current supply of LUNC tokens, which is 5.966 trillion, were converted to dollars, the market cap of LUNC would equal $5.966 trillion.

 

Virtually everyone with a modicum of common sense would agree that LUNC’s market cap could never get that high. Bitcoin’s market cap is only around $320 billion at the moment. In contrast to bitcoin, which is the most widely used and oldest cryptocurrency, LUNC is a relic of a once-thriving economy that has now been mostly abandoned by its former users and programmers.

 

What if the number of LUNC tokens in circulation decreases? The only logical method to get LUNC back to $1, given the improbability of a huge increase in its market worth, is to drastically reduce the token supply. If the current LUNC market cap of less than $1 billion remains unchanged and each LUNC token maintains its original price of $1, then the current supply of LUNC tokens must be lowered from around 6 trillion to around 1 billion. Over 99.98 percent of the token supply has been destroyed.

 

Given that the Luna community just voted for a 0.2% burn tax on transactions, a drop of that magnitude in supply seems impossible. The Luna Classic community is still advocating for a 1.2% burn tax, but this will never be enough to get LUNC to $1.

 

Nevertheless, in the crypto world, nothing is ever certain, thus it remains to be seen how the community handles the coin’s enormous supply. Maintain a vigilance in this area, as it always is.

 

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Will LUNC Price Reach $1? Burn and New Use Cases

 

LUNC may be pushed to $1 by a combination of Burn and New Use Cases.

 

  • We Estimate the Value of the Terra Luna Classic Thanks to Terra Rebel’s planned enhancements, LUNC should go up in 2023 to the tune of $0.000453.
  • In 2025, the price of a Terra Luna Classic is expected to be Assuming all goes well with the enhancements, the LUNC price is expected to increase by a factor of three to $0.000831 in the years following 2024 and 2025.
  • Prediction of the 2030 Value of the Terra Luna Classic By 2030, the price of one Terra Luna Class token is projected to reach $0.00372, thanks to the anticipated boom in Blockchain usage between 2025 and 2030.
  • The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate.

 

 

 

 

Will LUNC Reach $1 ? Volume and Price

 

Between June and October, a frenzy of community activity has supported Luna Classic. This includes the appointment of developers, validators, validator fees, and the approval of burn proposals. Considering the statistics from the previous four months –

 

 

These LUNC Pumps

  • Increase of 160% from June 26th to June 29th due to the launch of LUNC Burn.
  • August 24 to September 1 – a 190% increase due to the activation of Validator notes and Likely Burn.
  • September 26 – 60% gain due to Binance’s participation in the Burn The cost of LUNC remained above $0.00020 but under $0.00030.
  • November 2022: The LUNC burn rate has decreased and the LUNC price has dropped below $0.0020. LUNC’s trade volume has steadily declined.

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Will LUNC Reach $1 ?  If $Luna is to reach $1, what factors must be in?

 

  • Organizational Leadership: With Terra‘s departure from Luna Classic, leadership has dispersed across the community, validators are going their own ways, and some have even suggested that the Terra team is trying to do something. Without strong leadership, even if it comes from the populace at large, Terra will not be able to overcome the flawed system that led to its first downfall.
  • Determine differentiating factors. The primary question is how LUNC will benefit customers and businesses. Creating a consumer offering with some degree of differentiation will lead to a price increase.
  • Put the Coders and the Verifiers to work: Involve the community in validating the differentiating factors and then having developers begin working on them.
  • Burn. Binance exchange burn proposal. The proposed 1.2 percent tax burn mechanism on the Binance exchange has been the subject of discussions between the platform’s CEO and representatives from governments around the world. Members of the Terra Luna Classic community are closely speculating on this proposal due to the apparent long-term benefits to LUNC holders.Because Binance is the largest exchange in the world, with billions of dollars moved every day, the addition of a burn mechanism for Terra luna classic is crucial. If a burn mechanism is put into the Binance system, billions of Luna classic will be burned every day. As a result, the value of the Luna classic has been able to rise consistently and sustainably.

 

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Is LUNC a Good Investment?

 

The fate of Terra Classic after May 2022 rests largely in the hands of the LUNC community, and the direction of LUNC is decided by popular vote.

 

The LUNC burn strategy has been adopted by the Luna Classic community in an effort to increase the value of LUNC. Members of the community are collaborating to bring on-chain burn to the remaining trading platforms. Currently, the LUNC burn mechanism is only available on Binance.

 

The LUNC group is exerting significant effort to have the burn mechanism adopted by the remaining markets. If the supply of Terra Classic can be depleted quickly enough, the game could still be played out.

 

 

 

 

Conclusion

 

If the community adopts several recommendations to safeguard LUNC and create a setting that encourages Dapps to return to Terra Terra Classic, then the price of Terra Classic might reach $1 in 37 years. More over half of the coins will need to be incinerated as well. You could argue that LUNC has come a long way, but there is still a long way to go.

 

 

 

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Why Trade LUNC Futures on BTCC

 

To trade LUNC futures, you can choose BTCC crypto exchange.BTCC, a cryptocurrency exchange situated in London, UK, was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone.

 

 

BTCC Exchange

 

We specializes in crypto futures contract trading, offering perpetual futures contracts. The maximum leverage offered by BTCC for daily futures contracts is 150x. The vast variety of futures offered by BTCC accommodates the trading habits and objectives of both novice and seasoned traders.We offer the USDT-margined futures and Coin-margined futures . Users can trade futures using USDT or cryptos like BTC, ETH, and XRP. And Large orders of up to 300 BTC can be executed at the top price levels.

 

Here are the main advantages of using the BTCC crypto exchange to trade LUNC futures:

 

  • Largest variety of futures: Daily and Perpetual futures
  • Flexible leverage from 10x to 150x
  • Lowest trading fees 0.03%
  • Industry-leadingmarket liquidity
  • Plenty of campaigns to win exciting rewards

 

 

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