• Terra Classic (LUNC) is a cryptocurrency that experienced a wild crash in the 2022 bear market.
• The current price of LUNC is $0.00012168 and its 24-hour trading volume is $94,093,496.
• According to expert predictions, Terra Classic (LUNC) price might reach up to $0.0005 soon.
What Is Terra Classic (LUNC)?
Terra Classic (LUNC) is one of the cryptocurrencies that can never be forgotten by the crypto community. The wild crash of this token is a major catastrophic story of the 2022 bear market. Terra Classic (LUNC) was launched by Do Kwon’s Terraform Labs in 2019. The old version of the blockchain, Terra Classic, was launched as a proof-of-stake (PoS) blockchain built on Cosmos SDK and Tendermint. LUNC existed as a collateral token that backed a family of decentralized stablecoins of the Terra ecosystem. Terra ClassicUSD (USTC) is Terra’s algorithmic stablecoin that was backed by LUNC. Later, in order to regain their spot in the market, Do Kwon and the Terra team came up with the creation of a new blockchain devoid of the algo-stablecoin and launched the new coin called Terra (LUNA).
Current Market Status
The current price of LUNC is $0.00012167 and its 24-hour trading volume is $94,093,496 with 24 – hour price change 3.8% down according to CoinGecko data . All – Time High for Lunc was 11918 on April 05 , 2022 .
Price Prediction 2023
In terms of price prediction for 2023 , experts say it might reach from 0 . 00020394 to 0 . 00049382 or even 0 . 0005 soon . A double bottom pattern which signals an important change in trend from previous downward move has been noticed on Lunc chart which may take it up to resistance level 0 . 00015437 and 0 . 00020933 depending upon how trend goes further on future basis .
Overall , it can be concluded that if everything works out perfectly then we might see some good rise in prices by 2023 but there are no certainties involved here as anything can happen because crypto world still remains unpredictable at times so it’s better to invest with caution while keeping risk into consideration prior making any decision related investments related decisions or investments steps into crypto world !
This article should not be taken as an investment advice , please do your own research before investing into any digital asset or cryptocurrency mentioned above !