Will LUNC rise this year?

ÖOne of the biggest disasters the industry has ever seen. The crypto industry was flattered when the fall of Terra wiped out nearly $60 billion from the market valuation. Several factors were involved in this crash and market manipulators and mass liquidators played a major role in it. This event, which was egregious for investors and marketers, taught a lot to future investors.

The cryptocurrency was then called Terra (LUNA), now Terra Classic (LUNC). Has the coin’s 311.82% rise after the crash regained the confidence it once had? Or will it collapse?

The Terra Classic price has now once again caught the attention of investors thanks to its performance. Buckle up as we decode the future and possible Terra LUNC price prediction for 2024 and the coming years.

overview

*The statistics are from the time of going to press.

LUNC Price Prediction July 2024

Terra Classic (LUNC) price is up by about 10% in the last 24 hours, with a trading volume of $15.520 million, representing a change of -68.66%. However, the altcoin is down by 17.04% in the last seven days and 42.26% in the last 30 days, indicating a long-term bearish sentiment.

The technical indicator SMA is constantly acting as a resistance for the LUNC price chart on the 1D time frame. On the other hand, the MACD is showing a rising bearish trend. This indicates a negative forecast for this Terra token in the coming week.

If the market bulls keep the Terra Classic token above its crucial support level of $0.00006925, the LUNC price will regain momentum and prepare to test its resistance level of $0.00013130. However, if the bulls fail to regain momentum, the Terra price will drop to its lower support level of $0.0000400.

Terra Classic Price Prediction 2024

Terra Rebels is a decentralized organization that has come together with the common goal of the Terra ecosystem. Their goal is to restore Terra Classic to its former strength. The Terra Rebels are currently working to bring the LUNC price to the $0.001 mark.

Let’s assume it manages to maintain its dominance over Terra (LUNA). However, if the crypto industry goes through major reforms and governments around the world face stricter regulations, this is not the case.

Considering the bullish and bearish pressure, the LUNC price could range between $0.000275 and $0.000488, with an average of $0.000381.

Terra Classic Price Prediction 2024 – 2030

Terra Classic Price Prediction 2025

Moreover, the coin market industry will witness numerous changes by the end of 2025. Terra Classic might get momentum from the team and come up with a revival plan. However, the price of Terra Classic might rise to a maximum of $0.000675 by the end of 2025.

On the other hand, if the digital asset lacks development and momentum, the LUNC price could land at $0.000452. Moreover, the regular price could be at $0.000563.

Terra Classic Price Prediction 2026

According to our analysts, the LUNC prediction for 2026 could be between $0.000633 and $0.000801 and the average Terra price could be around $0.000717.

Terra Classic Price Prediction 2027

According to our analysts, the Terra price for the year 2027 could be between $0.000754 and $0.000917 and the average Terra Classic price could be around $0.000835.

Terra Classic Price Prediction 2028

According to our analysts, Terra price prediction for 2028 could be between $0.000907 and $0.00130 and the average price of LUNC could be around $0.001103.

Terra Classic Price Prediction 2029

According to our analysts, LUNC’s prediction for 2029 could be between $0.00116 and $0.00165 and the average price of Terra Classic could be around $0.001405.

Terra Classic Price Prediction 2030

According to our analysts, Terra price predictions for 2030 could be between $0.00148 and $0.00212 and the average price of LUNC could be around $0.00180.

Market analysis

*We have created a table containing the possible price predictions for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedias Price Prediction

However, the constant upgrades and partnerships could push the price of Terra Classic (LUNC) higher. Moreover, according to CoinPedia’s formulated Terra Classic price prediction and optimistic market sentiment, the price of LUNA could rise to $0.000488 by the end of the year 2024.

Conversely, market fluctuations and increased competition can negatively affect the price of Terra. As a result, the digital asset could drop to $0.000275.

Fundamental analysis

Terra aims to differentiate itself from the competition by offering fiat-pegged stablecoins that combine the benefits of cryptocurrencies with the everyday price stability of fiat. The protocol also has a number of partnerships with payment platforms that reinforce its strengths.

Conversely, Terra is also supported by the Terra Alliance. In February 2019, the company reported e-commerce platforms from 10 different countries with a user base of 45 million. In addition, the alliance had $25 billion in gross value of commodities attached.

After the Terra crash, the cryptocurrency relaunched. Terra had a new version called Terra Luna 2.0 ($LUNA), while the old version would be known as Terra Luna Classic ($LUNC). The price dropped significantly after an initial surge. Binance has voluntarily started burning the tokens to make them stable again.

What is Terra Classic (LUNC)?

Terra (now Terra Classic) is a blockchain protocol launched in 2018 by Daniel Shin and Do Kwon. The digital asset was created with the vision of adapting the flexibility of the modern economy. According to the whitepaper, Terra Classic uses a price stabilization algorithm. In addition, it constantly balances the supply of a coin to keep prices stable.

Additionally, the network offers lower fees, high scalability, stability, and reliable financial assets. Additionally, LUNC is the protocol’s native asset, which addresses a variety of issues related to speed, scalability, and accessibility.

Do you also want to understand the main language of crypto and pro-crypto traders? Here is a guide to help you understand what cryptocurrency is!

Historical market sentiments 2019 – 2022

• The cryptocurrency first debuted on the market with an initial ICO of $0.8 per trading value and reached an all-time high of $1.313 in late July, but closed the year at a price of $0.2588.
• The year started off boringly as the price initially traded at $0.231 and the second half of the year saw no major changes in the cryptocurrency price.
• The listing on Huobi allowed the coin to double its value, reaching $0.5632 per share. The cryptocurrency closed the trading year on a high note, as the closing price for the year was $0.6525.
• In this year of bull market, the value of the coin increased from $0.6494 to $21 within the first three months of the year.
• LUNA gave its investors a Christmas present by hitting an all-time high of $101.27. The coin’s closing trading value for the year was $90.97.
• The year started with stable fluctuations in the chart. When the month of May came, a terrible market crash occurred, shaking the price of Terra Classic (LUNC).
• It was a disaster as the price had almost reached $0.
• The new version was introduced as Terra Luna 2.0 ($LUNA), while the old version would be known as Terra Luna Classic ($LUNC).
• Binance began voluntarily burning the coins to make them stable again. In total, 5.5 billion tokens, or 0.08% of the coin supply in circulation, were burned.

CoinPedia has commissioned a team of expert analysts to cover possible crypto price predictions and summarize everything in one place, just for you!

FAQ

LUNCH

BINANCE