Terra Classic is a blockchain protocol designed for
global payments using stablecoins. It operates on a
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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.Following the collapse, Terraform Labs launched a new blockchain called Terra 2.0, renaming the original blockchain to Terra Classic. The native LUNA token was also rebranded as LUNC, although some members of the crypto community call it Terra Luna Classic.The Terra community is now working to revive LUNC by burning tokens to create scarcity and maintain its valueWhen first lunch of the coin it was 1.29 the curculation of coins is millions but market cap 290 millions in 2019 in 2022 April reach 119 $ market cap was 40 Billion dollar but the supply circulation increased by 10 million so as we see when the amount of coins increases the value of coin decreased when more investors buy more lunc coin and the supply circulation burned the value will increase but if still on the same thing it will not increase more than 0.0005 with market cap 3 billion dollar if it will reach amount of money now it's 0.00007 with market cap 389 million dollars,Result :- it's very difficult to reach to 1 dollar unless the coin to be 1 T or less and market cap should be 40 billion and above Maybe will reach 1 dollar. LUNC What is Terra Classic?
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