Terra provides a platform for developing decentralized applications and next-generation web3 products and services with its open-source blockchain. A partnership between Do Kwon and Daniel Shin led to the creation of Terra.
As a result of the substantial drop in the market price, Terra was split into Terra 2.0, commonly known as Terra (LUNA) today, and Terra Classic (LUNC), which was the original Terra's blockchain. Unlike other blockchains, Terra is a community-owned and permissionless blockchain.
The circulating supply of Terra Luna Classic (LUNC) is 6,151.07B LUNC with the maximum supply unknown as per CoinMarketCap. LUNC can be traded on top cryptocurrency exchanges including Binance, Huobi Global, Gate.io, Kucoin.
Terra Luna Classic (LUNC) Price Prediction 2022
LUNC price swung from $0.00045 resistance2 to $0.00038 resistance1 after touching support levels of $0.00028 and $0.00023.
After reversing from the support level of $0.00028, the market is going sideways and is expected to remain bullish for the foreseeable future.
In the meantime, we predict a bullish longer-term for Terra Luna Classic (LUNC) price for 2022 since it won't break the present support level anytime soon. We can expect LUNC to reach $0.001 in 2022.