Is Luna classic coin a good investment?
Is Terra Classic (LUNC) a good investment in 2022? Terra Classic (LUNC) has been one of the top-gaining cryptocurrencies at the beginning of Q2 2022. If investors gain back their trust in the crypto, LUNC will be considered a good investment in 2022.
According to the forecast by the Government Capital crypto analytical source, LUNA's value may strive to surpass the $120.25 mark in the middle of 2022.
Getting Value for Your Luna Classic Coins
Since the Luna has been decoupled from the UST stable coin, it means the crypto no longer serves its purpose. Therefore, there is likely no future for the once-popular Luna classic.
The answer is YES it can recover.
There are fewer chances for Luna Classic to reach $1. The rapid decrease in the supply of luna classic coins will surely bring its price down. During writing of this article, the price of luna classic is approximately $ 0.0001072(in CoinMarketCap). With each passing day, the prices of luna are fluctuating.
What caused Luna Classic to crash? The cryptocurrency crashed 100 per cent in May this year as a result of the UST (Terra USD), an algorithmic stablecoin, de-pegging catastrophe.
If Terra Luna can survive until 2030, Priceprediction forecasted that LUNA price will be on the average of 0.30 USD at the beginning of 2030, and will gradually increase to 0.38 USD. While CoinPriceForcast's analysts believe that LUNA price will strengthen up and rise to 380 USD.
WalletInvestor's LUNA price prediction for 2025 expected the token to rise to an average price of about $159 by the end of 2025.
Terra Classic is expected to see a gradual climb and hit $0.002 in 2028. According to its LUNA coin price prediction for 2030, the cryptocurrency is expected to reach $0.004 that year.
The live price of Terra Classic is $ 0.0001014 per (LUNC / USD) today with a current market cap of $ 666.45M USD. 24-hour trading volume is $ 98.97M USD.
What will LUNA be worth in 2022?
LUNA's bearish market price prediction for 2022 is $1.85.
Terra (LUNA) is one of the most active cryptocurrencies that took the crypto world by storm this year. After its market implosion, it was rebranded to Terra Luna 2.0 while the old Terra Luna is now called Terra Luna Classic (LUNC).
Our Terra (Luna) price prediction forecast projects that the LUNA coin might continue to trade at the lower price levels as of now. The average price of Terra might reach $4.0 in 2022, $5.0 in 2023, and $5.5 in 2024. In conclusion, Terra cryptocurrency might be a profitable investment in the future.
Earlier May, 2022 the old Luna coin became practically worthless. The old Luna coin will now be renamed Luna Classic. So from now onwards the old Luna Coin will be marketed under the ticker LUNC. Besides, the new coin of Terra 2.0 will be exchanged under the ticker LUNA.
Luna holders will receive about 35 per cent of all new tokens, 10 per cent will go to those who held UST before the collapse of the cryptocurrency, 25 per cent will go to traders who still own Luna and UST after the crash and 30 per cent will go to a pool of Luna investors.
However, some market experts believe that Terra LUNA could be a buy now even after the crash, as the volume of the LUNA token remains impressive. Analysts say that LUNA would certainly take some time to recover from this erosion, making Terra likely a good buy now.
Luna Burn's Address
According to the explorer, only 0.016 percent of the total supply had been burned as of June 2nd, when holders burned 1.05 billion Luna in 3760 transactions. As of now, 1.18 Billion Luna Burned had been consumed. Of course, this has no meaningful effect on the price.
When the demand for Terra stablecoin goes up, Luna's price will go up. That's right, the more adoptions for Terra stablecoins and more people use Terra stablecoins in their daily life, the more valuable Luna token will become.
About Luna Classic
LUNC has a circulating supply of 6,570.61 B LUNC.
| Years | Avg Price | Highest Price |
|---|---|---|
| April 2025 | $262.723 | $281.114 |
| May 2025 | $269.397 | $288.255 |
| June 2025 | $276.072 | $295.397 |
| July 2025 | $282.746 | $302.538 |
The company behind TerraUSD and Luna, which sparked a crypto market collapse last month, launched a new coin. Critics are furious. When two cryptocurrencies crashed roughly three weeks ago, the effects were devastating. Their collapse sparked over $500 billion in losses in the broader crypto market.
What will Luna Classic be worth in 2030?
| Year | Mid-Year | Year-End |
|---|---|---|
| 2027 | $296.40 | $318.63 |
| 2028 | $340.69 | $311.76 |
| 2029 | $325.16 | $343.45 |
| 2030 | $361.63 | $379.71 |
Most analysts using technical analysis believe that LUNA could bounce back to $1 in 2022. Long-term LUNA price predictions also point to the potential to reach $10 per LUNA token by 2030.
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Dogecoin Price Prediction 2026
The future price increase of DOGE/USD is predicted to be around $0.35 around 2026, according to our long-term Dogecoin price prediction. The maximum price estimated for the next 5 years is $0.78.
Having analyzed Solana prices, cryptocurrency experts expect that the SOL rate might reach a maximum of $65.88 in November 2022. It might, however, drop to $57.77. For November 2022, the forecasted average of Solana is nearly $59.67.
A part of the one billion newly launched Luna coins will be provided to the owners of the Luna Classic and UST. With the distribution, Terra blockchain will become a chain owned by the community.
DigitalCoinPrice – Luna won't break $10 before 2023
The DigitalCoinPrice website is showing a Luna price prediction of $9.33 by 2023. This is much more bearish than Wallet Investor and would suggest a 44% price increase from current levels. The website has a long-term price prediction for Luna of $34 by 2031.
What is luna classic (LUNC)? Luna classic (LUNC) was originally created to be the first Terra blockchain's native token under the name LUNA, launched in 2018. Its role was to serve as a twin token to absorb any price deviation of the blockchain's algorithmic stablecoin, terraUSD (UST).
June 2, 2022: Despite the launch of a new Luna token, what's now Luna Classic continues to trade heavily.
