$LUNC Does Lunc have a future?
Luna Classic (LUNC) is the rebranded name of the LUNA token. This asset belongs to the Terra network. As of today, this project is known as Terra Classic.
Terra Classic is now a community-governed coin with very little real-world utility. While the insatiable community has achieved incredible success over the past six months, the likelihood of LUNC reaching $1 seems negligible without radical actions and changes. Trillions of new coins were created when the protocol spiraled out of control, and the current supply of LUNC stands at over 6 trillion (6,000,000,000,000) — an overwhelming figure that currently makes it almost impossible for LUNC to ever reach $1 in its current state. For context: the market capitalization of the entire crypto space is currently less than $1 trillion, and essentially, to achieve $1 for every cent in each individual cryptocurrency, it would need to be redirected to LUNC and then multiplied by more than six. However, there are some grounds for cautious optimism. Staking has been active for several weeks, and the community has removed millions of coins from exchanges.