Latest Terra Classic (LUNC) Price Prediction 2022 2023 2024 2025
Latest Terra Classic Price Prediction
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The live Terra Classic price today is $0.000100 USD with a 24-hour trading volume of $68,737,149 USD. We update our LUNC to USD price in real-time. Terra Classic is up 2.41% in the last 24 hours. The current CoinMarketCap ranking is #213, with a live market cap of $660,106,448 USD. It has a circulating supply of 6,572,409,125,172 LUNC coins and the max. supply is not available.
Luna Classic (LUNC) Price Prediction
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Luna Classic (LUNC) Price Prediction 2022
As per our technical analysis, the Terra coin is anticipated to touch a maximum price level of $0.000251 by the end of 2022. The predicted average price of Terra can be around $0.000214 depending on the market. While the minimum price of Terra can be down to $0.000165 for 2022 if the market goes down. If the market concentrates on investing in LUNC Coin, the prices might surpass our Luna Classic price forecast.
LUNC Price Forecast For 2023
If Terra Classic witnesses a major push by big money holders or whales, LUNC might eliminate a zero from its price tag. Successively, the digital token might hit its potential high of $0.000366 by the end of 2023. On the other hand, if the project falls prey to the bears, LUNC’s price might land at a minimum of $0.0001613. Constrained by the linear rate of price propulsion, the average price might find its base at $0.0002809.
Terra Classic Forecast For 2024
Terra Classic’s LUNC might ascend to a maximum of $0.0006392. If it manages to hold onto its prominence against that of Terra (LUNA). However, if the crypto industry undergoes major reforms with regulatory clampdowns by governments across the globe. LUNC’s price might sink down to the lows of $0.000296. That said, the regular price might land at $0.0004015.
LUNC Price Prediction For 2025
The coin market industry will spectate numerous changes by the end of 2025. If Terra Classic sees impetus from the team or comes across a revival plan. The price of LUNC might chug up to a maximum of $0.00108 by the end of 2025. In contrast, if the digital asset finds a lack of development and impetus, the price might land at $0.000511. That said, the average price might land at $0.0008153.
What Is Terra (LUNA)?
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of currencies — and it intends to roll out additional options.
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.
Who Are the Founders of Terra?
Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability. Kwon took on the position of CEO of Terraform Labs, the company behind Terra.
Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON — a major South Korean e-commerce platform. He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies.
Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple.
What Makes Terra Unique?
Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.
Terra has established a number of partnerships with payments platforms, particularly in the Asia-Pacific region. In July 2019, Terra announced a partnership with Chai, a South Korea-based mobile payments application, in which purchases made using the application on e-commerce platforms are processed via the Terra blockchain network. Each transaction is subject to (on average) a 2%–3% fee charged to the merchant.
In addition, Terra is supported by the Terra Alliance, a group of businesses and platforms advocating for the adoption of Terra. In February 2019, the company announced that e-commerce platforms from 10 different countries, representing a user base of 45 million and a gross merchandise value of $25 billion, were members of the alliance.
How Many Terra (LUNA) Coins Are There in Circulation?
Terra has a supply of 1 billion tokens. If this number is exceeded, LUNA is burned until it returns to the equilibrium supply level. New LUNA tokens are minted through the protocol’s algorithm, as needed, in order to maintain the price of Terra stablecoins.
LUNA was first made available for purchase in a private token sale for initial investors, which included the investment arms of major exchanges such as Binance, OKEx and Huobi. The sale concluded in August 2018, and as a result, Terra raised $32 million. Of the 385,245,974 LUNA minted for the sale, 10% was reserved for Terraform Labs, 20% for employees and project contributors, 20% for the Terra Alliance, 20% for price stability reserves, 26% for project backers and 4% for genesis liquidity.
Where Can You Buy Terra (LUNA)?
Terra’s native token, LUNA, is listed on several cryptocurrency exchanges — including Huobi, Bitfinex and Upbit — where it is available to be traded against fiat currencies, stable coins and other cryptocurrencies.