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Terra Classic Price Predictions: How High Can the LUNC Crypto Climb?

  • This weekend saw Terra 2.0 (LUNA-USD) launch, but interest in Terra Classic (LUNC-USD) also remains high.
  • The LUNC crypto briefly rallied amid the launch of its replacement network this weekend.
  • Here’s where the experts see this crypto headed from here.
A concept image of a terra coin an crash arrows behind it
Source: Adisak Riwkratok / Shutterstock

The collapse and rebirth of Terra (LUNA-USD) has been an incredible story in the crypto world. In the aftermath, the old Terra — which now trades as Terra Classic (LUNC-USD) — also has given investors plenty to consider. While the new LUNA crypto is interesting, Terra Classic price predictions are also in demand.

This focus on where Terra Classic could be headed from here is unique. That’s because throughout the month of May, the Terra ecosystem fell as its algorithmic stablecoin de-pegged. Terra 2.0 launched without a stablecoin, rebranding its TerraUSD as TerraClassicUSD (USTC-USD) in the process. Now though, investors appear to think the original network has a fighting chance.

Terra Classic saw a very nice rebound this past weekend. In fact, investors in LUNC saw price appreciation of more than 60% in short order during this Memorial Day weekend.

That said, today’s price action with LUNC is much less exhilarating. This coin is now down approximately 20%.

Where is this coin headed from here? Let’s see what the experts think.

Terra Classic Price Predictions

For context, LUNC currently trades at $0.00011.

  • DigitalCoinPrice provides a 1-year and 5-year price target of $0.000162 and $0.000254, respectively, for LUNC.
  • Coinpedia suggests LUNC could move toward $0.0001409 in June, should market conditions remain bullish.
  • Finally, CoinArbitrageBot provides a 1-year price target of $0.001155.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.

Article printed from InvestorPlace Media, https://investorplace.com/2022/05/terra-classic-price-predictions-how-high-can-the-lunc-crypto-climb/.

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