Terra LUNA Classic [LUNC] Price Prediction 2025-2030: LUNC loses 26% of its value

ambcrypto.com:

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 Classic (LUNC), the cryptocurrency behind the now-defunct original Terra blockchain that was destroyed in May 2021, was last trading near $0.0001221, only slightly higher than the $0.000117 lows it hit earlier this month. LUNC has performed poorly, despite other major cryptocurrencies rallying in March. Since the beginning of March, the cryptocurrency has lost approximately 26% of its value.

Following the disasters in 2022, most of Terra’s blockchain development community left, and most analysts see a bleak future for the blockchain’s ecosystem.

It was only last week that the news of Terra co-founder Do Kwon’s arrest reached the crypto community; its price soon fell steeply to $0.0001221. Terra co-founder Do Kwon, who was on the run since the Terra-Luna crisis, was finally arrested in Montenegro on 23 March.

LUNC was at the center of the collapse of the Terra ecosystem in May 2022. The coin has also been severely affected by the collapse of the crypto exchange FTX in November last year. Its market capitalization has dropped from $1.5 billion to $1.0.4 billion since then.

Transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism.

The leading cryptocurrency, Ethereum (ETH), has also transitioned from a proof-of-work to a proof-of-stake mechanism. This 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 being a very eco-friendly token.

A stablecoin is intended to safeguard coin holders against