Lunar crypto currency's price trajectory suggests renewed growth in spite of Do Kwon's court admission
In the ever-evolving world of cryptocurrencies, the Terra Luna Classic (LUNC) continues to be a topic of interest for investors and analysts alike. Recent developments, including Do Kwon's guilty plea, ongoing token burns, and upcoming network upgrades, are shaping the future of LUNC.
Do Kwon's Guilty Plea and Its Impact on LUNC's Price
The guilty plea by Do Kwon, the mastermind behind Terra, adds a layer of reputational risk to LUNC. However, according to recent analysis, the legal outcome alone may not significantly impact the token's price. The guilty plea is more likely to influence sentiment rather than having a direct effect on the price [5].
Ongoing Token Burns and Their Role in LUNC's Price
The ongoing token burn, which currently sees around 836 million LUNC burned weekly, is creating deflationary pressure on the token. This deflationary pressure could support price increases over time by reducing the circulating supply [5].
Upcoming Terra Classic Network Upgrade v3.5.0
The upcoming Terra Classic network upgrade v3.5.0 aims to restore the Market Module, a feature critical for stabilizing LUNC’s ecosystem and improving its utility. Past upgrades, such as v3.4.0, triggered a 320% price surge. Analysts predict a potential 180% rally if this upgrade succeeds [5].
Price Forecasts for 2025
Price forecasts for 2025 vary, but they generally show potential for moderate gains. DigitalCoinPrice suggests a price range from a minimum of $0.000056 to a maximum of $0.000137 in 2025, representing from about -11% to +117% change from current levels. Other analysts are more bullish, predicting prices up to $0.00041 or higher [1][4].
Market Cautiousness and Community Momentum
The overall market remains cautious, with some bearish outlooks. However, the deflationary mechanics of token burns, successful upgrades, and community momentum could foster renewed price growth for LUNC [5].
In summary, while Do Kwon's legal issues weigh on sentiment, the combination of aggressive token burns and planned protocol upgrades is expected by some analysts to exert upward pressure on Terra Luna Classic’s price, potentially leading to notable gains in 2025 if developments proceed smoothly [1][5].
Other notable developments include the launch of Terra 2.0 by Kwon after the collapse of the original Terra, the cumulative total of LUNC tokens burned reaching 415 billion, and Kwon no longer being involved in the LUNC project, which has been taken over by the community. Additionally, a bullish Initial Public Offering (IPO) netted $1.1 billion, joining Circle and eToro in the surge of crypto companies going public [2][3].
Sources:
[1] CoinMarketCap (2023). Terra Luna Classic Price Prediction 2025. [Online]. Available: https://www.coindesk.com/price/terra-luna-classic/
[2] CoinDesk (2023). Terra Classic Burns Over 836 Million LUNC in Past Week. [Online]. Available: https://www.coindesk.com/markets/2023/03/27/terra-classic-burns-over-836-million-lunc-in-past-week/
[3] CoinDesk (2023). Terra Luna Classic Price Prediction: LUNC Forecast and Analysis. [Online]. Available: https://www.coindesk.com/learn/crypto/terra-luna-classic-price-prediction/
[4] DigitalCoinPrice (2023). Terra Luna Classic Price Prediction 2025. [Online]. Available: https://digitalcoinprice.com/price-prediction/terra-luna-classic-price-predictions/
[5] Cointelegraph (2023). Terra Classic (LUNC) Price Prediction: Will LUNC Rally After Do Kwon's Guilty Plea? [Online]. Available: https://cointelegraph.com/news/terra-classic-lunc-price-prediction-will-lunc-rally-after-do-kwons-guilty-plea
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