The Terra Luna Classic (LUNC) token continues to be the center of attention in the crypto community. After the crash in 2022, when its value dropped significantly, the community is making efforts to restore and develop the project.
One of the key recovery mechanisms is the LUNC token burning process, which is aimed at reducing the total supply and potentially increasing the price. For example, 320 million tokens were burned in October 2024, which led to a short-term increase in the price of LUNC.
Additionally, the Terra Luna Classic community is actively working on implementing new protocols and improving the network's infrastructure. In November 2024, a proposal was adopted to implement simplified tax procedures, indicating a commitment to increasing the efficiency and transparency of the system.
However, despite these efforts, the price of LUNC remains volatile. As of December 11, 2023, the value of the token was about $0.00018.
In the long term, price forecasts for LUNC vary. Some analysts expect that by 2025, the price could reach between $1.10 and $1.65, with an average price of around $1.37.
Overall, the future of Terra Luna Classic depends on the success of the recovery measures being undertaken, community support, and the overall dynamics of the cryptocurrency market.