Terra LUNA Classic [LUNC] Price Prediction 2025-2030: Is $5 a realistic target for LUNC?
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.
LUNA is a cryptocurrency that supported the now-defunct stablecoin TerraUSD (UST). Native to the Terra blockchain, the pair of crypto-tokens was launched in 2019.
You must be aware that these twin coins collapsed in May 2022, precipitating the cryptocurrency crash witnessed in the second quarter of 2022.
The journey of this audacious venture has been full of ups and downs. Two techpreneurs, Do Kwon and Daniel Shin, founded the Terraform Labs in Seoul, South Korea in 2018. The next year, the pair launched the Terra blockchain and offered the UST stablecoin, pegged to the Luna token.
The project was launched in order to deliver a stablecoin that could be relied on. It aimed to deliver the benefits of price stability, wider currency adoption, decentralized anonymity and fast, affordable payments.
But the Terra token system completely failed in May 2022; a fork was devised as per the Terra Ecosystem Revival Plan 2. A new version of Luna (LUNA) was launched, with the older one (LUNC) co-existing.
Transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism.
The leading cryptocurrency, Ethereum, has also transitioned from the proof-of-work to proof-of-stake mechanism that 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 to be 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
Read more on ambcrypto.com
