Terra LUNA Classic [LUNC] Price Prediction 2025-2030: Why a $5 target for LUNC makes sense

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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.

The native cryptocurrency of the Terra stablecoin system, it was introduced in 2019. It was LUNC that TerraUSD was tied to in order to ensure its price stability.  The twin coins’ collapse in May 2022, which caused the cryptocurrency meltdown in the second quarter of 2022, is widely known to those familiar with the industry.

Here’s AMBCrypto’s Price Prediction for Terra LUNA Classic [LUNC] for 2023-24

It was a pair of two software entrepreneurs in Seoul, South Korea named Do Kwon and Daniel Shin who created Terraform Labs in 2018. The next year, the two unveiled the Terra blockchain and the UST stablecoin, which was linked to the LUNA token.

It was intended to give the advantages of price stability, greater currency acceptance, decentralized anonymity, and quick, economical payments. One of the most well-known stablecoin initiatives, it is the most controversial cryptocurrency today. 

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 a supporting cryptocurrency. Terra USD (UST) was pegged to Luna Classic (LUNC- then, only LUNA). 

This is where