Luna Classic Price Prediction 2023-2030

Article Coverage: Luna Classic Performance, Latest Luna Classic News, Luna Classic Technical Analysis, Luna Classic Price Prediction Today, Latest Luna Classic Video, Is Luna Classic a Good Investment? Luna Classic Price Prediction 2023-2030, Analysis of Luna Classic Burn Program

Luna Classic Price Live

LUNC which is the old Terra Luna has outperformed most cryptocurrencies since its relaunch in late May. However, LUNC price has struggled after the on-chain Burn tax was implemented in September 2022.

LUNC Price Performance so far

Last 7 Days	+65.4%
Last 1 Month	+83.9%
Last 12 Months	-25.9%

Has Luna Classic Turned the Corner?

Luna Classic News and Analysis

Luna Classic remains technically bullish but is showing signs of losing steam. While there are numerous reasons for Luna Classic to be bullish, the recent surge accounts for those reasons. There will need to be more new news to sustain the momentum to $0.00013

Latest Luna Classic News

• TerraCVita (@TerracVita) announced the first governance votes on @Terraport preceding its full launch, highlighting five separate proposals aimed at upgrading modules for Treasury, Factory, Governance, Staking, and Vesting. This initiative marks a significant step for @Terraport, positioning it as a community-governed DeFi platform specifically designed for #TerraClassic. @Terraport_V2 announced that all upgrade proposals for @Terraport have been successfully passed and are awaiting execution. Additionally, @Terraport_V2 highlighted a key feature of terraport.finance, allowing users to purchase #Lunc directly using #GooglePay or credit cards, bypassing the need for a centralized exchange (CEX) and avoiding commission fees, which is considered a significant development for @Terraport.

Read our detailed technical analysis later.

Luna Classic Trading Volume, Last 3 Quarters

The average trading volume of Luna Classic in October is the highest since April of this year.

• Luna Classic: Apr-June: $52M per day, July-Sep: $24M, Oct: $17M, Nov: $61M
• Luna 2.0: Apr-June: $47M, July-Sep:$44M, Oct: $35M, Nov: $138M
• Shiba Inu: Apr-June: $147M, July-Sep: $161M, Oct: $114.0M, Nov: $187M

Terra Classic (LUNC) Burn Data

• As per the Coinmarketcap data, the total Luna Classic supply is 6,832,795,932,996 LUNC while the circulating supply stands at 5,804,323,516,404 LUNC. One year ago, the circulating supply was 6.15 Trillion tokens (Source: Coinmarketcap).
• Total tokens removed from circulation since May 13, 2022: 78.2 billion.
• LUNC Burned On-Chain: 28.5 B which is 35% of Total Burn. LUNC added to the Burn Wallet 49.7 B which is 65% of the Total.
• Lunc Metrics Data: LUNC tokens burned in the last 7 days: 702.2 M.

Luna Classic, Buy or Sell?

Net Buy Rating = Buy% – Sell%

• July 1st: +35.0%
• Sept 1st: +37.8%
• Nov 1st: +36.7%
• Nov 28th: +51.0%
• Nov 29th: +47.0%

Luna Classic Technical Analysis

Oscillators

The RSI (Relative Strength Index) stands at 64.291, advocating a buy position. Other indicators such as STOCH (62.124), STOCHRSI (65.768), Williams %R (-25.648), CCI (69.2149), and ROC (21.919) all signal “Buy.” Only the MACD at 0 indicates a neutral position

Moving averages

The exponential MA5 is at 0.0001170 (Buy), MA10 at 0.0001150 (Buy), and MA20 at 0.0001120 (Buy). The simple MA50 and MA100 are at 0.0001058 and 0.0000936, respectively, both suggesting a buy.

Overall, Luna Classic is bullish considering the alignments of the technical indicators on the 4-hour timeframe chart.

Terra Luna Classic Price Predictions

The Luna Classic Community has aspirational questions like Will Luna Classic reach $1 or $10? However, a more pragmatic view is required both from a technical and use cases point of view. Firstly, the daily predictions.

Luna Classic Price Prediction Today, Tomorrow and Week

• Luna Classic Price Prediction in the next 24 hours is between $0.000116 and $0.000118
• Luna Classic Price Prediction this week is between $0.0000962 and $0.000134

Luna Classic Technical Analysis Today

Moving averages – All 12 indicators are in agreement, recommending a “Buy” without any “Sell” signals. This strong positive trend is evident across various time frames, with specific values such as MA5 at 0.0000906, MA10 at 0.0000829, and MA200 at 0.0000688, all indicating buying opportunities.

Oscillators: 6 out of 8 indicators suggest a “Buy” and 2 remain neutral. Key indicators show RSI(14) at a high of 83.907, suggesting an overbought condition, while STOCHRSI(14) is also overbought at 85.141. However, indicators like STOCH(9,6) at 45.006 and MACD(12,26) at 0 maintain neutrality. Other significant indicators such as ADX(14) at 42.696, CCI(14) at 203.3718, and ATR(14) at 0, indicating high volatility, support the strong buy recommendation.

In summary, Luna Classic depicts an overall Bullish sentiment

Luna Classic Price Prediction 2023-2030, Aggregated

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 2023 is $0.000140
• Luna Classic Price Prediction 2024 is $0.000197
• Luna Classic Price Prediction 2025 is $0.000271
• Luna Classic Price Prediction 2026 is $0.000358
• Luna Classic Price Prediction 2027 is $0.000433
• Luna Classic Price Prediction 2028 is $0.000556
• Luna Classic Price Prediction 2029 is $0.000803
• Luna Classic Price Prediction 2030 is $0.00142

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 2023-2024

Macroeconomic- US Interest rate hikes are likely to end later this year and some rate cuts may even begin by the middle of next year, the earlier the rate cuts, the better for Luna Classic

Competition- LUNC has made gradual progress this 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.

Where can I buy LUNC?

Luna Classic can be bought on numerous major centralized and decentralized crypto exchanges including Binance, KuCoin, Kraken, Gemini, OKX, Huobi, Gate.io, Bybit, Uniswap, and PancakeSwap.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

The Author does not own a position in this cryptocurrency