The cryptoverse has witnessed a highly unusual event, which has been outrageous to investors and traders across the crypto spectrum. The event is none other than Terra (LUNA), now Terra Classic (LUNC). The crypto asset’s price dump has been hard for the industry to swallow.
The drop that had started after the decoupling of UST was further aggravated by massive liquidations and manipulations. Marketers in the business are still stumped about the future of Terra Classic (LUNC). And the recently launched Terra (LUNA) which has yet to test the waters. Buckle up as we decode LUNC’s plausible price prediction for 2022 and beyond.
CryptocurrencyTerra ClassicTokenLUNCPrice$0.00005746Market Cap$375,583,559Outstanding Supply6,551.23B LUNCTransaction Volume$82,778,820All Time High$119.18 (April 5, 2022)All Time Low$0.00001675 (May 13, 2022)
*Statistics are at the time of publication.
Terra Classic (LUNC) Price Prediction for 2022
Low potentialAverage priceHigh potential$0.000067$0.0000784$0.0000883
The price of LUNA had reached the current year with a price of $91.47. The price of the digital asset fell to $62.87 during the week, on January 8. While the altcoin attempted a 38.16% rebound over the next week.
LUNA price faced its first low of the year as the price fell to $43.28. Which was January 31. After a brief period of consolidation amid torrential storms in the business. The price had been rising since February 22 and was up a staggering 118.23% at the end of the quarter.
The second quarter has been disastrous for the altcoin. While the turbulence throughout the market affected the price of LUNA to a notable extent. UST missed its threshold at $1, followed by a domino effect and an increase in sell-offs that has dragged the altcoin to bottom. The digital asset reached its ATL of $0.00001675 on May 13, 2022. After the launch of Terra 2.0 and the rebranding of LUNA to LUNC, the crypto asset is currently changing hands at $0.00005723.
Terra Classic (LUNC) Price Forecast for Q3
The altcoin could reach greater heights if it seeks momentum from volumes. If the digital asset manages to make its presence felt in the industry. LUNC price could spike to its quarterly high of $0.000713.
On the other hand, if it continues to fall victim to pump and dump schemes, the price could drop to $0.0000573. That said, limited by the linear price projection, the average price could reach $0.0000644.
Terra Classic Q4 Price Projection
The optimism of the fourth and last quarter of 2022 could prove fruitful for the LUNC price. With a rising buy order count, the price of the digital asset could catapult to its maximum target of $0.0000883.
Conversely, if the broader market falls prey to bearish clutches, the price could drop to $0.000067. That said, a balance in buying and selling pressures could set the price at $0.0000784.
LUNC Price Prediction for 2023
If Terra Classic sees a big push from big money holders or whales, LUNC could drop a zero from its price tag. Subsequently, the digital token could reach its maximum potential of $0.000132 by the end of 2023. On the other hand, if the project falls prey to bears, the price of LUNC could reach lows of $0.0000825.
Terra Classic forecast for 2024
The LUNC of Terra Classic could go up to a maximum of $0.000208. If it manages to maintain its prominence against that of Terra (LUNA). However, if the crypto industry undergoes major reforms with regulatory restrictions by governments around the world. LUNC price could drop to the lows of $0.0001226.
LUNC Price Path to 2025
The coin market industry will witness numerous changes by the end of 2025. Whether Terra Classic sees a boost from the team or comes across a revival plan. LUNC price could go up to a high of $0.000322 by the end of 2025. On the contrary, if the digital asset finds the lack of development and momentum, the price could go as high as $0.000188.
YearLow PotentialHigh Potential2023$0.0000825$0.0001322024$0.0001226$0.0002082025$0.000186$0.000322
What does the market say?
Digital currency price:
According to the prediction of the price of the digital currency. LUNC price could climb to its high of $0.0000808 by the end of 2022. While a change in trends could bring the price down to $0.0000703. A balance in buying and selling pressures could take the altcoin to $0.0000758.
The firm also hosts long-term predictions. Consequently, the altcoin is expected to skyrocket to a high of $0.00012 by the end of 2025.
According to Telegaon’s price prediction, the altcoin is expected to reach a high of $0.000215 by the end of 2022. While an increase in downtrends could drop the price to $0.0000916. That said, a balance in buying and selling pressures could set the price at $0.000134. According to analysts, the price of the LUNC altcoin could reach $0.0048 by the end of 2025.
The price prediction website set the yearly high closing target for the year at $0.000487. The minimum and average closing targets for the current year are set at $0.000331 and $0.000389. The LUNC price is expected to rise to a high of $0.000488 by the end of 2023. And a more expensive tag of $0.000494 by the end of 2025.
Click here to read our XRP price prediction!
What is Terra Classic (LUNC)?
Terra (now Terra Classic) is a blockchain protocol launched in 2018 by Daniel Shin and Do Kwon. The digital asset was created with the vision to adjust the flexibility of the modern economy. According to the whitepaper, Terra Classic employs a price stabilization algorithm. That constantly balances the supply of a coin, with the goal of keeping prices stable.
The network offers lower fees, high scalability, stability and reliable financial assets. The native asset of the protocol is LUNC, which addresses a number of issues related to speed, scalability, and accessibility.
Terra intends to set itself apart, with the help of its fiat stablecoins. Since she combines the benefits of cryptocurrencies with the daily price stability of fiat currencies. The protocol has a number of associations with payment platforms, which justifies its strengths.
In contrast, Terra also has the support of the Tera Alliance. In February 2019, the company reported that e-commerce platforms from 10 different countries, with a user base of 45 million and a gross commodity value of $25 billion, were members of the alliance.
Constant updates and partnerships will give the price of Terra Classic (LUNC) a big boost. According to the Terra price prediction made by Coinpedia. With bullish market sentiments, LUNA price may skyrocket to $0.000085 by the end of the year 2022.
On the downside, future market fluctuation and increased competition may negatively affect the price of Terra (LUNA). As a result, the digital asset could crash to $0.00006.
Historical Market Sentiments
The crypto asset has had a roller coaster ride since its inception. The altcoin, which was one of the top 10 cryptocurrencies by market cap, just a few months ago. It is now in position 216 by market capitalization ranking.
Terra (LUNA) entered the market in the month of April with an ICO of $0.8. The partnerships helped push the price up to $1,313 at the end of July. Failing to accelerate, the altcoin drops to $0.2588 by the end of the year.
The digital currency had started the year with a price of $0.231 and remained stagnant until the first 6 months. The developments and the listing on Huobi helped push the price up to $0.5642. The launch of the Mirror protocol raised the price to $0.6525 by the end of 2022.
The year 2021 was extremely bullish for LUNA, the price rising from $0.6494 on January 1 to $21 in mid-March. The price corrected to $13 in the month of April as the bears took control of the market. The market crash in May dropped the price by more than 70%. LUNA reached a new ATH of $33.12 on August 19. After further reassessments, LUNA reached a new ATH of $101.27 on December 24, but closed the year at $90.97.
For Terra (LUNA) Price Prediction Click Here!
Q: Where can I buy Terra Classic (LUNC)?
A: The altcoin is listed on prominent cryptocurrency exchanges such as OKX, Bybit, FTX, and DigiFinex, among others.
Q: Is Terra Classic (LUNC) a profitable investment?
A: After the tragic losses following the depeg event, not much can be said about the altcoin.
Q: What is the circulating supply of LUNC?
A: The circulating supply of LUNC is 6,536.40B LUNC.
Q: When did LUNC come to your ATL?
A: LUNC reached its ATL of $0.00001675 on May 13, 2022.
Q: Will LUNC be able to claim their ATH?
A: The chances of the altcoin regaining its ATH now look bleak.
This post Will LUNC price kill zero in 2022?
was published first on https://coinpedia.org/price-prediction/terra-classic-lunc-price-prediction/