Terra Classic price prediction: will LUNC reach $1?Trending
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#IntroToCopytrading #BinanceTournament #Megadrop #MicroStrategy #EarnFreeCrypto2024 In the last 12 months, Terra Classic (LUNC) has experienced notable price swings and token burns. And while market trends are mixed, many observers feel that strong community support might help the token recover and rise again in 2024 and beyond.
Several optimistic Terra Classic predictions even project the coin reaching $1. With that in mind, this article will consider the LUNC coin future, looking at its performance over the last year and echoing algorithmic projections made by the likes of CoinCodex and Traders Union.
What is Terra Classic?
Terra Classic is a blockchain protocol designed for global payments using stablecoins. It operates on a proof-of-stake (PoS) consensus, with its native token being LUNC.
The token, originally called Terra (LUNA), was developed by Terraform Labs, co-founded by Do Kwon and Daniel Shin. However, in May 2022, LUNA collapsed dramatically after its sister stablecoin, TerraUSD (UST), lost its peg.
