LUNC Coin Price Prediction 2024LUNC Coin It is among the crypto coins traded on stock exchanges. LUNC Coin comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
LUNC Coin ? LUNC is the Coin of the Terra Classic chain. We can call Terra Classic the older version of Terra 2.0, which was released a few days ago.
Market cap: $930 million Circulating supply: 6.5 trillion LUNC Total Supply: 6.9 trillion LUNC Highest price level: $119.18 Lowest price level: $0.00001675
As it is known earlier this month, Terra’s algorithmic stable With the divergence of its Coin from the dollar, the price of LUNA, which was constantly printed to stabilize the UST at 1 dollar, also suffered a great loss due to the mechanism of the system. As a result, the entire Terra chain was virtually destroyed in a death spiral. Terra’s founding name, Do Kwon, suggested switching to a new chain as a solution. This was also called Terra 2.0. The new chain continues its path with the name Terra and its token is named LUNA, while the old chain is named Terra Classic and the token is named Luna Classic.
The old Coin has been named Luna Classic, as new ones are constantly being released to balance the UST price. Its supply remains at 6.5 trillion.
The suffix “Classic” is thought to be a reference to Ethereum’s split as Ethereum/Ethereum Classic after the DAO hack in 2017. Kwon described the UST and LUNA collapse as “Terra’s DAO hack moment.”
LUNC Coin which exchanges are traded on?
You can buy LUNA, the new chain Terra’s Coin , on many exchanges, as well as Luna Classic (LUNC) on many exchanges. For example; LUNC has started to be traded on major exchanges such as Binance, KuCoin , FTX and Kraken. More exchanges are expected to launch trading on LUNC in the coming days.
, listed on Binance today, opened at $0.00010 and rose to $0.00029. LUNC saw an increase of 170% in a short time, but it did not last long. As of 15.20 TSI, LUNC finds buyers at $0.000143. LUNC’s current market cap is close to $1 billion.
Warning for LUNC
When LUNC is trading on exchanges, a warning draws attention on the project’s Coin MarketCap page. The warning states that it is necessary to beware of large volatility in price.