Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Ratnakar Das on September 17, 2022, 06:37:36 AM
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The Terra open-source blockchain project helps developers create decentralized applications and web3 products that can be used to power the next generation. Founders of Terra are Do Kwon and Daniel Shin.
Due to the considerable drop in Terra’s price in the market, Terra was split into Terra 2.0, which is known as Terra (LUNA) today, and Terra Classic (LUNC), which was previously Terra. Terra blockchain is a community-owned, permissionless system.
Terra Luna Classic (LUNC)’s circulating supply is 6,151.07B LUNC while its maximum supply is unknown as per CoinMarketCap. LUNC Inu (LUNC) can be traded on top cryptocurrency exchanges including Binance, Huobi Global, Gate.io, Kucoin, and others.
Terra Luna Classic (LUNC) Price Prediction 2022
After touching support levels of $0.00028 and $0.00023, LUNC price swung from $0.00045 resistance2 to $0.00038 resistance1.
The market has reversed at the support level of $0.00028 and is now going sideways. Expected to be bullish in coming weeks.
In the meantime, our long-term LUNC price prediction for 2022 is bullish (https://coinedition.com/terra-luna-classic-lunc-price-prediction/) since it cannot break the current support level anytime soon. We can expect LUNC to reach $0.001 in 2022.
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I am not really so sure with this emerging rise of LUNC after it made a history on its on the bad side. I don't know if its founder has already been arrested for many cases filed in South Korea...so am hoping that LUNC can have a decoupling with the man, for the sake of its many investors, traders and continually believers.
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The Terra open-source blockchain project helps developers create decentralized applications and web3 products that can be used to power the next generation. Founders of Terra are Do Kwon and Daniel Shin.
Due to the considerable drop in Terra’s price in the market, Terra was split into Terra 2.0, which is known as Terra (LUNA) today, and Terra Classic (LUNC), which was previously Terra. Terra blockchain is a community-owned, permissionless system.
Terra Luna Classic (LUNC)’s circulating supply is 6,151.07B LUNC while its maximum supply is unknown as per CoinMarketCap. LUNC Inu (LUNC) can be traded on top cryptocurrency exchanges including Binance, Huobi Global, Gate.io, Kucoin, and others.
Terra Luna Classic (LUNC) Price Prediction 2022
After touching support levels of $0.00028 and $0.00023, LUNC price swung from $0.00045 resistance2 to $0.00038 resistance1.
The market has reversed at the support level of $0.00028 and is now going sideways. Expected to be bullish in coming weeks.
In the meantime, our long-term LUNC price prediction for 2022 is bullish (https://coinedition.com/terra-luna-classic-lunc-price-prediction/) since it cannot break the current support level anytime soon. We can expect LUNC to reach $0.001 in 2022.
The luna classic pumped before the arrest warrant was issued to its founder, Do Kwon, and the day the arrest warrant was issued, its value started to dump little by little in the market.
So this is another bad sign if Lunc is going to rise, For me, I don't care about LUNC because it's not secure anymore, to be honest, I don't see any good development in the future for the token that this.
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What happened to Terra Luna before now. He was quite amazing. But the Terra team is an experienced. It is slowly developing itself. Apart from this, the case again happened in South Korea. Don't know much about it. But Terra seems to have bad luck.
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When LUNC ( Luna 1.0 ) crashed, the #DevelopmentTeam left the network that was already running due to a depegging issue in the protocol which brought the price of LUNC down, the team did a mainnet and it didn't solve the problem. because some UST holding investors suffered a lot of losses by selling UST before the mainnet, and they didn't get airdop from those losses. btw, I don't think the price of LUNC could rise to that level if supply continues to grow.
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judging by the latest news, the CEO has been charged with high-profile charges on the Luna project, and is accused of deceiving the holders of this token, and we see today how well the coin has sunk.Therefore, I am not sure that after this the project will be top.
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As the price of Terra Luna Classic has increased to $0.0003071 in recent times, it looks like it will go to $0.001 in 2022 this year.
The earthquake that came due to its breakdown, it will compensate for the loss of the people to some extent.
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It will but I can not say when.
If you hold it long enough, you will be able to see LUNC at not only $0.001 but maybe at $0.01. Time and patience are barriers for most of people. We don't have enough patience to hold it too long like that.
Only thing I can say is Terra Classic won't die, won't disappear. If it survives (that I believe it will), price will soar by one reason or another.
I think in near future, it will be pulled back to $0.00012 first. It is risky to buy it at today price which is doubled than my target entry price.
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It's difficult to say.
But I think Lunc has good team behind their project.
Maybe Lunc will touch 0.001$ at the end of the year 2022.
Let's see.
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Terra Classic (LUNC) is the original Terra, formed after a post-collapse split in the blockchain. Recent gains pushed Terra Classic into the top 30 cryptos by market capitalization. In comparison, top cryptos like Bitcoin (BTC) and Ethereum (ETH) have fallen by around 10% and 5% in the past 30 days, respectively.
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You can expect the price to be like the Doge coin in 2025,
if supply quantities continue to burn as the 1.2% tax imposed by some exchanges may be imposed I don't expect much from LUNC, but hopefully the protocol holds and the community doesn't abandon Terra classic
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I'm not easily convinced back with LUNA even when they made the latest version of LUNC. Currently LUNA is still held by the old founder, even though Do Kwon was once involved in a case that made Terra LUNA's background look ugly. A few days ago I got news that Do Kwon has been arrested, then how do we say this coin will be fine.