$LUNC Terra Luna Classic (LUNC) has undergone a major transformation since its collapse in 2022 due to issues with the ecosystem and its legacy network. Here is a breakdown of its performance and future prospects:

Current Performance and Challenges

Current Price: LUNC is trading at a very low price compared to its previous peak. It dropped by more than 99% after the collapse of the original platform.

Huge Supply: The current supply is around 6.8 trillion coins, making it more difficult for the price to rise due to hyperinflation.

Support and Motivation Factors

Burning Mechanism: A 1.2% transaction fee burning system was implemented in an attempt to reduce supply and increase demand, which previously helped temporarily improve the price.

Platform Support: Binance supported the coin by burning the associated trading fees, which positively affected the price for a short period.

Future Predictions

1. 2025: Some forecasts suggest that the price could rise to around $0.00067, but these forecasts depend on continued community support and efficient burning mechanisms.

2. Long-term (2030+): The coin could see significant growth if its network is developed in a way that contributes to reducing supply and increasing reliance on the new ecosystem.

Will Luna return to its former glory like xrp did?$$XRP