Terra Classic Price Prediction: Will Bitcoin BRC-20 support help LUNC recover?

Terra Classic Price Prediction: Will Bitcoin BRC-20 support help LUNC recover?

Amid the ever-changing blockchain landscape, the Terra Classic (LUNC) network has seen unwavering commitment from its developer team, striving to enhance its capabilities.

Despite these efforts, the native token LUNC has faced challenges recently. Despite ongoing improvements, LUNC’s performance has fallen short, declining by more than 10% monthly.

However, on August 14th, a positive development emerged for the LUNC community. A respected member, Vegas, shared exciting news. BitMos is actively working to integrate Bitcoin (BTC) BRC-20 support into the Terra Classic ecosystem.

In simpler terms, BitMos aims to bridge Bitcoin and the Cosmos (ATOM) ecosystem, boosting decentralized finance (DeFi) and smart contracts through Terra Classic.

BitMos functions as a Bitcoin layer 2 solution, addressing scalability and interoperability. This is a significant stride for Terra Classic, fostering a more interconnected and robust blockchain landscape.

Vegas believes this could be a “game changer” for LUNC and TerraClassicUSD (USTC), an upgraded TerraUSD (UST) algorithmic stablecoin.

The integration of BRC-20 tokens benefits the Terra Classic community by enhancing the chain’s utility.

The first step involves introducing Bitcoin liquidity into Terra Classic, aligning it with the Cosmos ecosystem.

Fresh Bitcoin liquidity could bolster LUNC, potentially initiating a positive chain reaction during a period of lackluster performance.

LUNC Price Analysis:

Currently, LUNC is trading at $0.00006768, showing a 1.70% increase over the last 24 hours.

Over the past week, the token declined by about 12.76%. Zooming out, its value dropped by around 21.29% over the preceding month.

Throughout the year, LUNC has suffered losses exceeding 23.20%.

Terra Classic Price Prediction

Cryptocurrency analyst Ellite notes a positive divergence in LUNC’s 12-hour MACD indicator and a bullish crossover, suggesting a possible significant reversal and exceeding expectations.

LUNC MACD bullish divergence. Source:coinmarketcap

This means that a potential “massive reversal” may be near for LUNC and “can be greater than many think,” the analyst noted on August 21. 

Terra Classic LUNC News

1. Terra Luna Classic’s Vision For Revival by https://thebittimes.com

Terra Luna Classic’s dedicated validator, Happy Catty Crypto, unveiled a meticulously crafted vision called “Terra Classic Expedition: A United Vision” on August 18. This announcement marks a shift beyond foundational tasks, highlighting pivotal developmental milestones. The focus expands from routine updates to a comprehensive enhancement strategy.

The vision paper outlines an ambitious agenda aiming to optimize development processes, lower costs, enhance transparency, and revolutionize the current on-chain tax mechanism.

One notable proposal involves implementing “paid-per-milestone” weekly payments for developers through smart contracts. This enhances transparency and introduces incentives for project completion.

2. Terra Luna Classic’s Vision For Revival And Better Governance by https://coinmarketcap.com

Terra Luna Classic’s revitalization takes a collective stride as community members Happy Catty Crypto and StrathCole present a unified vision. This comprehensive framework encompasses innovative concepts and propositions, extending an open call to developers, validators, stakeholders, and the community at large. Together, they aim to shape the trajectory of Terra Classic amidst growing uncertainties and a significant decline in LUNC, fostering a resilient future for the chain.

3.TERRA 2.0 Price Prediction 2023, 2024, 2025: Will LUNA Price Cross The $1 Mark This Year? by CoinPedia News

The projected price trends for LUNA and Terra LUNA 2.0 indicate potential growth over the coming years:

  1. LUNA Price Projection (End of 2023): The forecast suggests that LUNA could reach a maximum value of $0.92 by the end of 2023. This indicates a potential increase from its current price of $0.42621736.
  2. Terra LUNA 2.0 Price Projection (End of 2030): The projection for Terra LUNA 2.0 indicates the possibility of a surge, with a potential high of $4.59 by the end of 2030. This projection takes into account a longer-term perspective for the token’s growth and adoption.
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John Smith

John Smith is a distinguished journalist, holding a Master's in Journalism from the renowned Columbia University. With a knack for uncovering the most captivating stories, John is the go-to expert for all things related to politics and current affairs. His insightful analysis and commitment to unbiased reporting set him apart in the world of journalism. John's writing ensures you're always in the know about the latest happenings in the USA.

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