If the price of Terra Classic drops by 0.00005 USD, then make the purchase.
In the future, Terra Classic hit 0.1 USD within two to three years.
Current Status:
Price: ~$0.000098 USD
Market cap: ~$569.38M USD
Rank: #100 on CoinMarketCap
Circulating supply: 5,791.28B LUNC
All time high : 119 USD
Don't make purchases right now because
LUNC remains a highly volatile cryptocurrency with high inherent risk.
New features added after dramatic collapse of its algorithmic stablecoin, UST, in May 2022
Key Features:
Fast and affordable transactions: Utilizes a Proof-of-Stake (PoS) consensus mechanism for quick and low-cost transactions.
Stablecoins: Aims to offer various, price-stable currencies pegged to real-world assets like USD, EUR, etc.
Decentralized applications (dApps): Supports a growing ecosystem of dApps for DeFi, gaming, and other use cases.
New features: Currently implementing upgrades like a 1.2% tax burn mechanism to manage supply and enhance stability.
That's why the price of Terra Classic is expected to increase.