Terra LUNA Classic [LUNC] Price Prediction 2025-2030: LUNC plummets as tensions rise
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
As the news of Terra co-founder Do Kwon’s arrest reached the crypto community, the price of Luna Classic (LUNC) fell steeply by 4% to $0.0001221. Terra co-founder Do Kwon, who was on the run since the Terra-Luna crisis, was finally arrested in Montenegro on 23 March.
Its performance was also negatively impacted by the banking crisis that followed the collapse of the crypto-friendly Silicon Valley Bank (SVB). Though other coins seem to be recovering, LUNC is trading at $0.0001219 at the time of writing.
The current market cap of LUNC is around $715 million, making it not the most sought-after token.
LUNC was at the center of the collapse of the Terra ecosystem in May 2022. The coin has also been severely affected by the collapse of the crypto exchange FTX in November last year. Its market capitalization has dropped from $1.5 billion to $1.0.4 billion since then.
Transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism.
The leading cryptocurrency, Ethereum (ETH), has also transitioned from a proof-of-work to a proof-of-stake mechanism. This has only made the competition among PoS blockchains tougher.
The network has 130 validators working at a given point of time. As a PoS platform, it is considered being a very eco-friendly token.
A stablecoin is intended to safeguard coin holders against the volatility of other cryptocurrencies. It is pegged to either a fiat currency such as USD or to a supporting cryptocurrency. Terra USD (UST) was pegged to Luna Classic (LUNC- then, only LUNA).
This is where the
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