Terra is a Proof of Stake blockchain network that uses fiat-pegged stablecoins to maintain market stability. It combines the ease of use and sovereignty of cryptocurrencies and the stability of fiat currencies to revolutionize the decentralized finance market.
Terra has specialized algorithms that adjust the supply of stablecoins as per the market demand. The algorithm ensures that there is no excess coin supply on the market, thus ensuring market stability.
What Is LUNC Token?
LUNC is the native currency of the Terra Classic platform. The main functions of the LINC token are given below.
- It is used by miners for staking in order to get permission to mine transactions.
- It ensures the price stability of the stablecoins.
- It is used to provide incentives to Terra Classic’s blockchain validators.
The LUNC token’s tokenomics can be understood from the following figures.
- Current Market Price: $0.0001148
- Market Capitalization: $666,066,742
- Fully Diluted Valuation: $781,162,592
- 24 Hour Trading Volume: $26,452,513
- Volume/Market Capitalization (24 hour): 3.92%
- Circulating Supply: 5,792,666,693,610
- Total Supply: 6,793,635,298,904
Terra Classic (LUNC) Price Prediction (2024–2030)
The current market price of LUNC token is $0.0001148. The short term price prediction of LUNC token for the period from May to December 2024, with its low, average and high prices and the average change in prices is given in the table below.
| Year | Low Price | Average Price | High Price | Average Change |
| May 2024 | $0.0001141567 | $0.0001141567 | $0.0001141567 | – |
| June 2024 | $0.0000951 | $0.000184 | $0.000247 | 61.77 % |
| July 2024 | $0.000102 | $0.000117 | $0.000242 | 2.90 % |
| August 2024 | $0.0000957 | $0.000240 | $0.000251 | 110.26 % |
| September 2024 | $0.0000971 | $0.000203 | $0.000247 | 78.52 % |
| October 2024 | $0.0000982 | $0.000173 | $0.000242 | 51.70 % |
| November 2024 | $0.000101 | $0.000209 | $0.000247 | 83.69 % |
| December 2024 | $0.000102 | $0.000222 | $0.000244 | 94.48 % |
The expected long term price range of the LUNC token, with its yearly low, yearly average and yearly high prices for the years 2024, 2025, 2026, 2027, 2028, 2029, 2030 is shown in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $0.000102 | $0.000240 | $0.000251 |
| 2025 | $0.000244 | $0.000280 | $0.000286 |
| 2026 | $0.000336 | $0.000384 | $0.000416 |
| 2027 | $0.000439 | $0.000492 | $0.000515 |
| 2028 | $0.000439 | $0.000492 | $0.000515 |
| 2029 | $0.000541 | $0.000601 | $0.000626 |
| 2030 | $0.000770 | $0.000825 | $0.000834 |
Where And How To Buy Terra Classic (LUNC) Token?
Terra Classic (LUNC) are listed on centralized crypto exchanges from where you can buy them. Some of the exchanges where Terra Classic are listed include
- Gate.io
- Binance
- TokyoCrypto
- OKX
- Toobit
- Bybit
- CoinW
Here is a brief guide on how to buy Terra Classic (LUNC) tokens.
- Select a cryptocurrency exchange from where you wish to buy LUNC tokens. Check whether the exchange offers all the features tailored to your requirements.
- Decide on your budget or how much money you intend to keep aside to buy Terra Classic (LUNC) coins. Also research the market conditions and price performance of the token to ensure that you will gain profit from the transaction.
- Create an account on the selected exchange. You should provide all the details required for KYC verification.
- Select and keep ready a payment method such as a crypto wallet, credit card, debit card or bank transfer.
- Go to the trading page of the exchange and select a trading pair of crypto-crypto or crypto-fiat combination. The most common pairs are LUNC/USDT and LUNC/BTC.
- Complete the transactions as per the given instructions.
- Make sure that the purchased tokens have been credited to your account.
- Do not forget to safely store the purchased tokens on a cold wallet or hardware wallet away from online attackers.
The Bottom Line: Is Terra Classic (LUNC) A Good Investment?
The current market sentiment of the Terra Classic (LUNA) coin is neutral with 17 technical analysis indicators signaling bullish trends and 11 technical analysis indicators showing bearish trends.
Therefore, Terra Classic is a good buy in 2024–2030. However, investors should exercise caution to not fall prey to the market risks associated with cryptocurrencies and make wise decisions.
