LUNC (Terra Classic) continues to be one of the hottest topics in the crypto world following the collapse of TerraUSD (UST) and the restructuring of the Terra Network. Despite facing significant challenges, LUNC still presents a potential opportunity for recovery and growth. 💡 In this article, we’ll explore what to expect from LUNC in 2024 and beyond, and what you can do to take advantage of this recovering cryptocurrency.
What is LUNC and How Did It Come About? 🤔
LUNC was the original token of Terra Network, which experienced a significant collapse after the TerraUSD (UST) crash. Following the event, the community and developers decided to launch a new blockchain (Terra 2.0), but LUNC still exists, known as Terra Classic. LUNC’s tokenomics have been reset, but the cryptocurrency still has a large number of holders and investors.