Terra LUNA Classic [LUNC] Price Prediction 2025-2030: More losses coming?

ambcrypto.com:

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. 

Recent price activity suggests that LUNC is poised for a new southbound push, which is bad news for market bulls. A break to the south of the bearish triangle, one that appears to be forming on the cryptocurrency charts, could allow for a push to levels below $0.00010. This bearish thesis is bolstered by the fact that the crypto recently encountered resistance and was trading below all of its major moving averages.

Despite other major cryptocurrencies rallying in March, LUNC performed poorly. Within the last month, the cryptocurrency lost approximately 26% of its value. At press time, it was trading at $0.00012398.

Following 2022’s disasters, nearly the entire Terra blockchain development community left. And, most analysts predict a bleak future for the blockchain’s ecosystem.

On 23 March, news of Terra co-founder Do Kwon’s arrest reached the crypto-community. Terra co-founder Do Kwon, who was on the run since the Terra LUNA crisis, was finally arrested in Montenegro.   

LUNC was at the center of the collapse of the Terra ecosystem in May 2022. The coin has also been severely affected by the collapse of the crypto-exchange FTX in November last year. Its market capitalization has dropped from $1.5 billion to $735 million since then.

Transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism.

The leading cryptocurrency, Ethereum (ETH), has also transitioned from a proof-of-work to a proof-of-stake mechanism. This has only made the competition among PoS blockchains tougher.

The network has 130 validators