Can Terra Classic ($LUNC) Make a Comeback?
Luna, Lunc Family. Click here and VOTE me.
The collapse of the Terra ecosystem in May 2022 devastated $LUNA, driving its value from $120 to nearly zero. Despite this, the resilient community launched Terra Classic (LUNC), a legacy chain that retains a dedicated following.
The idea of LUNC reaching $1 again is enticing, but it's a massive challenge. To achieve this, LUNC's market cap would need to skyrocket to $5.80 trillion—a highly improbable scenario given the current supply.
The community has implemented a burn program, applying a 0.5% tax on transactions to gradually reduce the supply. While this initiative is a step in the right direction, it may not be enough to return LUNC to its former peak.
Despite these hurdles, the Terra Classic community remains steadfast, focusing on stimulating demand through staking and continued protocol development. While a return to $1 in the short term seems unlikely, ongoing efforts and community support could pave the way for positive changes in the future.
Follow for updates, analysis, trends and price prediction. Like and Share. Vote me to support me.
Click here and VOTE me. thank you family
Buy 👇🏻 and enjoy. DYOR
#TelegramCEO #DOGSONBINANCE #BNBChainMemecoins #BTC☀ #Write2Earn!
