Terra Classic is now trading around $0.00009627, a 14.25% increase from the previous month, and investors wonder whether it is a signal for the next LUNC bull run. However, those who have been in LUNC for the past 3 or 5 years will know that the coin is in its lowest paths now.
However, these small-ups occurring occasionally can be beneficial for short-term traders. Also, if you held LUNC till now from May 13, 2022, you would have increased your profit to four times. Sounds like a weird token, right?
Terra was started as a platform for the effortless transaction of stablecoins and had its own stablecoin UST. But unfortunately, the network collapsed in 2022 and now it’s in a revival mode. Let’s check Terra’s interesting history, and price flow, and forecast a long-term price prediction from 2025 to 2030.
The Story of Terra Classic
To know these radical shifts in Terra’s price movements, we have to delve into its history. After an incredible failure in the ecosystem, the Terra network was split into two, and the old blockchain was renamed Terra Classic (LUNC) and the new one simply Terra (LUNA). Let’s check what caused this failure and the aftermath in detail.
Initial Days of Terra
In 2018, Do Kwon and Daniel Shin, South Korean-based entrepreneurs co-founded the startup Terraform Labs and raised around $200 million from various prominent firms like Coinbase Ventures, Arrington Capital, and Galaxy Digital.
The Success Days
In 2019, the platform created the Terra blockchain and launched its cryptocurrency which became a huge success. After a downtrend in 2020, the coin gained investors under the 2021 bull market. In April 2022, it reached an incredible all-time high of $119.18 per coin.
The Collapse
In May 2022, Terra’s stablecoin UST began to break the $1 peg with the US dollar, and the value dropped significantly to near zero. Billions of dollars were wiped out from the market cap, and the panic affected the whole crypto market, leading to a bear phase.
The Separation of Blockchain
The mass withdrawals and the lack of trustability forced the Terra Network to halt its blockchain. To tackle the situation, the community voted for a proposal to split the blockchain into two. It formed the new Terra 2.0 with the token $LUNA and the existing blockchain was renamed Terra Classic with the ticker $LUNC.
The $LUNC Token Details
LUNC follows the tokenomics of the foundational coins and it navigates with the rules of the initial blockchain. There are no changes in LUNC like the Terra 2.0 LUNA. Here are some base-level details:
| Token Ticker | $LUNC |
| Contract Address | 0xbd31ea8212119f94a611fa969881cba3ea06fa3d |
| Total Supply | 6.79 Trillion LUNC |
| Circulating Supply | 5.71 Trillion LUNC |
| Market Cap | $549.58 Million |
Is There a Revival for LUNC? Price Prediction
Just after the collapse of the network, the coins fell into a deep recession, reaching levels of -100% with an all-time low of $0.00001675 per coin. However, the current price of $0.00009627 is around a +471.04% increase from the lowest point. That means the traders who invested in that point quadrupled their profits now.
However, most traders are not optimistic about LUNC surpassing the previous all-time high. But there is a chance of a short-term uptrend in the upcoming altcoin season. Let’s get into the yearly historical price data and try to forecast the price from 2025 to 2030.
Historical Price Data & ROI of $LUNC
Here is a table based on the yearly returns of the Terra Classic. The YOY ROI signifies the Year-over-year return on investment, where we compare the price of a date with the same date of the previous year.
| Year | Price in December 31 | YOY ROI (%) |
|---|---|---|
| 2020 | $0.63560000 | +427.03% |
| 2021 | $89.14410000 | +13927.39% |
| 2022 | $0.00014538 | -99.99% |
| 2023 | $0.00014229 | -2.21% |
Terra Classic (LUNC) Price Prediction 2025, 2026, 2027, 2028, 2029, 2030
The prediction of $LUNC is the result of chart analysis and the dissection of other historical data. This is not 100% accurate, and market sentiment as well as external factors will affect the price. So, better don’t rely solely on this.
| Year | Expected Price | ROI (Return on Investment) |
|---|---|---|
| 2025 | $0.00011682 | +27.21% |
| 2026 | $0.00026308 | +186.47% |
| 2027 | $0.00028784 | +213.44% |
| 2028 | $0.00027778 | +202.49% |
| 2029 | $0.00058563 | +537.72% |
| 2030 | $0.00041215 | +348.81% |
Where to Buy $LUNC?
The LUNC/USDT pair is available in exchanges like Binance, Bybit, Gate.io, OKX, Kraken, KuCoin, MEXC, and HTX. If you are into decentralized exchanges, you can swap with WETH through Uniswap v3 (Ethereum), and with WBNB through Pancakeswap v2 (Binance Smart Chain).
HODL or Sell? Is $LUNC a Good Investment Option?
Short-term traders who look for immediate profits can get involved in LUNC trading after thorough research about the market. The price prediction shows that it is profitable to long-term traders too. However, various other platforms with better use cases are emerging, and a wise decision will be to focus on those coins for long-term holding.
At the beginning of this year, Terraform Labs filed for bankruptcy and last month it received court approval to wind down its operations. Finally, it is up to you to decide which coin to invest. Grow your decision-making skills and do your research to know exactly what is happening with LUNC.
