The crypto-verse has witnessed a very unusual event, which has been outrageous for investors and marketers from the crypto spectrum. The event is of none other than that of Terra (LUNA), now Terra Classic (LUNC). The price dump of the crypto asset has been hard to swallow for the industry.
The fall which had started following the depeg of UST further aggravated following mass liquidations and manipulations. Marketers from the business are still perplexed over the future of Terra Classic (LUNC). And the recently launched Terra (LUNA) which is yet to test the waters. Buckle up as we decode the plausible price prediction of LUNC for 2022 and beyond.
|Circulating Supply||6,551.23B LUNC|
|All-time high||$119.18 (April 05th, 2022)|
|All-time low||$0.00001675 (May 13th, 2022)|
*The statistics are from the time of publication.
Terra Classic (LUNC) Price Prediction For 2022
|Potential Low||Average Price||Potential High|
LUNA price had made its way to the current year with a price tag of $91.47. The price of the digital asset took a slide to $62.87 over the week, on the 8th of January. Whilst the altcoin did attempt a 38.16% rebound over the next week.
LUNA’s price faced its first lowest level of the year, as the price took a dip to $43.28. Which was on the 31st of January. After a brief period of consolidation amidst torrential torments in the business. The price had been escalating since the 22nd of February and went up an astonishing 118.23% by the end of the quarter.
The second quarter has been disastrous for the altcoin. While the market-wide turbulence did affect the price of LUNA to a notable extent. UST losing its threshold at $1, followed by a rippling effect and increase in sell-offs has dragged the altcoin to rock bottoms. The digital asset hit its ATL of $0.00001675 on the 13th of May 2022. After the launch of Terra 2.0, and rebranding of LUNA to LUNC, the crypto asset is presently changing hands at $0.00005723.
Terra Classic (LUNC) Price Forecast For Q3
The altcoin could chug up to greater heights if it seeks impetus from volumes. If the digital asset manages to make its presence felt in the industry. The price of LUNC might soar to its quarterly high of $0.000713.
On the flip side, if it continues to fall prey to pump and dump schemes, the price might tumble down to $0.0000573. That said, constrained by the linear price projection, the average price could land at $0.0000644.
Terra Classic Price Projection For Q4
The optimism of the fourth and the final quarter of 2022 could turn fruitful for LUNC price. With an escalating count of buy orders, the price of the digital asset might catapult to its maximum target of $0.0000883.
In contrast, if the broader market falls prey to bearish clutches, the price might take a dip to $0.000067. That said, an equilibrium in buying and selling pressures could settle the price at $0.0000784.
LUNC Price Prediction For 2023
If Terra Classic witnesses a major push by big money holders or whales, LUNC might eliminate a zero from its price tag. Successively, the digital token might hit its potential high of $0.000132 by the end of 2023. On the other hand, if the project falls prey to the bears, LUNC’s price might land at the minimums of $0.0000825.
Terra Classic Forecast For 2024
Terra Classic’s LUNC might ascend to a maximum of $0.000208. If it manages to hold onto its prominence against that of Terra (LUNA). However, if the crypto industry undergoes major reforms with regulatory clampdowns by governments across the globe. LUNC’s price might sink down to the lows of $0.0001226.
LUNC Price Trajectory For 2025
The coin market industry will spectate numerous changes by the end of 2025. If Terra Classic sees impetus from the team or comes across a revival plan. The price of LUNC might chug up to a maximum of $0.000322 by the end of 2025. In contrast, if the digital asset finds the lack of developments and impetus, the price might land at $0.000188.
|Year||Potential Low||Potential High|
What Does The Market Say?
Digital Coin Price:
As per the prediction of Digital Coin Price. The price of LUNC might escalate to its maximum of $0.0000808 by the end of 2022. Whilst a reversal in trends could knock the price down to $0.0000703. A balance in buying and selling pressures could land the altcoin at $0.0000758.
The firm also hosts predictions for the long term. Accordingly, the altcoin is expected to soar to a maximum of $0.00012 by the end of 2025.
According to the price prediction of Telegaon, the altcoin is expected to surge to a maximum of $0.000215 by the end of 2022. Whilst an increase in bearish trends could slide the price down to $0.0000916. That said, a balance in buying and selling pressures could settle the price at $0.000134. As per the analysts the altcoin LUNC price could reach as high as $0.0048 by the end of 2025.
The price predictions website has pinned the maximum annual closing target for the year at $0.000487. The minimum and average closing targets for the ongoing year are set at $0.000331 and $0.000389. The price of LUNC is expected to surge to a maximum of $0.000488 by the end of 2023. And a pricier tag of $0.000494 by the end of 2025.
Click here to read our price prediction of XRP!
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 a vision to adjust the modern economy’s flexibility. As per the whitepaper, Terra Classic employs a price stabilization algorithm. That constantly balances the supply of a coin, with an aim to keep the prices stable.
The network offers lower fees, high scalability, stability, and reliable financial assets. The protocol’s native asset is LUNC, which addresses a host of issues related to speed, scalability and accessibility.
Terra intends to set itself apart, with the help of its fiat-pegged stable coins. As it clubs the benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. The protocol holds a number of partnerships with payment platforms, which justify its strengths.
Conversely, Terra is also supported by Tera Alliance. In February of 2019, the company had reported that e-commerce platforms from 10 different countries, with a user base of 45 M. And a gross commodities value of $25 B were members of the alliance.
The constant upgrades and partnerships will give a massive boost to the price of Terra Classic (LUNC). According to Coinpedia’s formulated Terra price prediction. With bullish market sentiments, LUNA’s price may skyrocket to $0.000085 by the end of the year 2022.
On the downside, future market fluctuation and increased competition may adversely affect Terra’s (LUNA) price. As a result of which the digital asset could collapse to $0.00006.
Historical Market Sentiments
The crypto asset has had a roller coaster ride ever since its inception. The altcoin which was one among the top 10 cryptocurrencies by market capitalization, just a few months ago. Is now at the 216th position by market cap ranking.
- Terra (LUNA) entered the market in the month of April with an ICO of $0.8.
- Partnerships helped the price spike to $1.313 by the end of July.
- Failing to gather pace, the altcoin takes a dip to $0.2588 by the end of the year.
- The digital coin had commenced the year with a price tag of $0.231 and remained stagnant until the first 6-months.
- Developments and listing on Huobi helped the price rise to $0.5642.
- The launch of the Mirror protocol pushed the price to $0.6525 by the end of 2022.
- The year 2021 was extremely bullish for LUNA, the price rose from $0.6494 on January 1st to $21 by mid-March.
- The price corrected to $13 in the month of April, as the bears took control of the market.
- The market crash in May slumped the price by over 70%.
- LUNA hit a new ATH of $33.12 on the 19th of August.
- After subsequent retests, LUNA hit a new ATH of $101.27 on the 24th of December but closed the year at $90.97.
To learn about the price prediction of Terra (LUNA) click here!
A: The altcoin is listed on prominent cryptocurrency exchange platforms like OKX, Bybit, FTX, and DigiFinex amongst others.
A: After the tragic losses post the depeg event nothing much can be said about the altcoin.
A: The circulating supply of LUNC is 6,536.40B LUNC.
A: LUNC hit its ATL of $0.00001675 on the 13th of May 2022.
A: The chances of the altcoin reclaiming its ATH now seems to be bleak.