Luna Classic Price Prediction 2024-2030: Is LUNC a Good Investment?

Article Coverage: Luna Classic Performance, Luna Classic Prediction Analysis, Luna Classic Price Prediction 2024-2030, Analysis of Luna Classic Burn Program, Is Luna Classic a Good Investment?

Luna Classic Price Live

LUNC Price Performance so far

Last 7 Days	-21.2%
Last 1 Month	-22.8%
Last 12 Months	-12.5%

We have a question for you today.

Latest Luna Classic Prediction Analysis

Luna Classic has been following the broader crypto market sentiment. What are the signals and predictions?

LUNC has been trading within the price range of $0.000090 and $0.000110 for the last couple of days. LUNC is expected to consolidate within this price range for some time. The overall market trends have widely influenced the Luna Classic coin price.

For Luna Classic to signal a notable shift in its trajectory, it must establish robust support above $0.00010. Should LUNC surpass this threshold and breach $0.000150, it could signal a bullish trend ahead, possibly paving the way for reaching the $0.00020 mark. Such achievements could instill confidence in investors and fuel further upward momentum in Luna Classic’s price.

Presently, however, LUNC appears to be consolidating within the price range of $0.000090 and $0.00011. This consolidation phase may persist for a while, especially in the absence of significant positive developments regarding Luna Classic. Consequently, the coin may need to await broader market conditions to improve before experiencing substantial movement.

Over the last 7 days, there has been a massive drop in the daily LUNC burn. On April 13th the daily LUNC burn was recorded at around 150 M but on April 18th, the daily LUNC burn number fell to 22.55M.

	Daily LUNC Burn (Million)
April 13th	148.15
April 14th	62.94
April 15th	70.03
April 16th	119.33
April 17th	46.12
April 18th	22.55
April 19th	4.35

Influencers Price Target

• JavonTM1: $0.00058046
• CryptoHallucin: $0.00037
• alaskr: $0.0013

• Luna Classic Price Prediction in the next 24 hours is between $0.0000926 and $0.000101
• Luna Classic Price Prediction this week is between $0.0000894 and $0.000109

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Luna Classic Price Prediction 2024-2025-2030, Aggregated

The Luna Classic Community has aspirational questions like Will Luna Classic reach $1 or $10? LUNC Price forecast estimates are a function of various analyst opinions. These estimates are based on certain assumptions

• The recent performance of Luna Classic
• Coins likely to be burnt through on-chain Burn Tax
• Macroeconomic conditions
• Execution of plans
• Likely Ecosystem growth

The macroeconomics picture is likely to improve in the first half of 2024. We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. This should drive the price of Luna Classic significantly higher. But Regulatory headwinds could keep the price rise in check. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. Still, LUNC could rise significantly higher by 2030.

Here are Aggregated Terra Luna Classic Price predictions until 2030

• Luna Classic Price Prediction 2024 is $0.000201
• Luna Classic Price Prediction 2025 is $0.000299
• Luna Classic Price Prediction 2026 is $0.000377
• Luna Classic Price Prediction 2027 is $0.000500
• Luna Classic Price Prediction 2028 is $0.000734
• Luna Classic Price Prediction 2029 is $0.00138
• Luna Classic Price Prediction 2030 is $0.00167

Terra Classic (LUNC) Burn Data

• Total tokens removed from circulation since May 13, 2022: 110.71 B.[Source: LUNC METRICS]
• LUNC Burned On-Chain: 42.52 B which is 38% of Total Burn [Eg: Binance Wallet]
• LUNC added to the Burn Wallet: 68.19 B which is 62% of the Total.
• LUNC tokens burned in the last 7 days: 475.1M which is around 67.8 M LUNC per day.
• As per the Coinmarketcap data, the total Luna Classic supply is 6.8T LUNC while the circulating supply stands at 5.83T LUNC. One year ago, the circulating supply was 6.15 Trillion tokens (Source: Coinmarketcap).

Luna Classic Price Prediction: Is Terra Luna Classic a Good Investment?

Terra Luna Classic, formerly known as the LUNA token, was launched in May 2022 after the crash of Terra Foundation’s UST (Stable Coin). To compensate customers, Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. LUNA token was rebranded as Luna Classic or LUNC, and much of the control was handed over to the LUNC community. The newer LUNA 2.0 token retained the original symbol $LUNA.

While awareness of Luna Classic is moderate, it is backed by a strong community, and their involvement has been integral to the coin’s revival. Luna Classic has some use cases, but there aren’t too many apps being developed on Terra Classic’s blockchain. The top active projects on Terra Classic include Terra Swap, Metagloria NFT, Eris Protocol, Terra Rebels Moonshot, and P2P Lunc Dispute. The Luna Classic Community claims an expanding ecosystem that includes Terra Swap DEX, Luna Punks NFT, Pulsar Finance, Atomic Wallet, Loop, TFM, Hermes Protocol, etc. Many of these are not active on Terra Classic.

At the moment, aside from community and an aggressive burn program, there is little to differentiate LUNC from other tokens. While this is a good starting point, it is not enough to warrant a great case for investment. LUNC is currently in the middle of tech improvements and upgrades, which could classify it as a moderate case for investment. Terra Luna Classic heavily depends on the community to continue its success, but it needs other investors to move the price higher. For that to happen, the Terra Luna Classic blockchain will have to host a variety of apps and improve the lives of consumers and businesses.

Luna Classic Price Outlook: Factors that will play a role in 2024-2025

Macroeconomic- US Interest rate hikes are likely to be cut later this year, this would be good news for the market.

Competition- LUNC made very slow progress last year during which numerous other cryptocurrencies have moved ahead. This will continue to be a big factor going forward.

Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. The current LUNC ecosystem is thin or non-existent. DApps are beginning to come on board but at a very slow pace. There isn’t much to differentiate itself from other cryptocurrencies either.

Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done

Reasons to Sell Luna Classic

Emerging Tokens: Numerous Tokens are improving use cases and are better funded and organized than Luna Classic. The returns are way better and the hassles lower

Post Burn Struggle: Ever since Burn was implemented, LUNC has consistently underperformed other coins. While it is fair not to attribute it to Burn alone, the fact is also that many of the other Tokens have hardly done anything of value during the same period but gained on account of Market Level Pumps

Developments don’t guarantee Success: Even if all Dev plans are implemented, LUNC still needs to attract the best Dapps and Creators on the blockchain. It will be extremely difficult given the intense competition at the moment. Ethereum, Polygon, ImmutableX, Tron, BSC, Solana, etc are better placed given that they are better organized than Luna Classic

Community Conflict: Unlike the Shiba Inu community, the LUNC community is constantly in Strife. This has a direct impact on the blockchain itself. LUNC also relies on a few developers who may or may not hang around to complete the job. The risks are relatively higher than other Tokens.

Luna Classic Price Projections: Impact of Burn Program

What is a Burn Program?

Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming the Market Cap is constant. There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key.

Do Burn programs have an impact on price? The announcements of new burn programs often tend to positively impact prices. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. For example, the Luna classic on-chain tax has had no visible impact on price and while Luna classic outperformed Luna before the Tax was implemented, both the tokens are underperforming after the tax was implemented. The other issue is that many of these Burn programs are not linked to the minting of new tokens and therefore the purpose of reducing the Tokens themselves is not met.

The recent Luna Classic community decision to cut down on Minting is helpful and would enable Burn to have a real impact in the long run (1-2 years).

• LUNC community members proposed increasing Burn tax rates again
• Some community members are not in favor of reducing taxes and suggest alternative approaches, such as applying a smaller tax or increasing utility.
• Some community members believe that the decline in volume was due to the initial hype of the project coming to an end, and not because of the tax rate.

Note: Please consult a registered investment advisor to guide you on your financial decisions.

The Author does not own a position in this cryptocurrency