LUNC Price Prediction 2025: Will Terra Classic (LUNC) Hit $1?

The latest news regarding Terra Classic (LUNC) indicates that it is still in a phase of price consolidation, trading around $0.000062 to $0.000067.

The price of Terra Classic (LUNC) has been stuck in a consolidation phase, changing hands in the range of $0.000062 to $0.000067.

While there are various predictions for its future price in 2025, estimates range widely from a low of $0.0002372 to a high of $0.00037801. Some predictions are still far from the "one dollar dream."

Is LUNC being burned?

Yes, quantities of LUNC are continuously being burned. Burning is a key strategy to reduce the circulating supply of a cryptocurrency, which in turn increases its scarcity and thus pushes up its potential value. Here are some important points about LUNC burning:

• Transaction tax mechanism: Originally, there was a burning tax of 1.2% on LUNC transactions on-chain, but it was later reduced to 0.2%.

• Role of Binance: The Binance platform, one of the largest cryptocurrency exchanges, is a significant contributor to the burning of LUNC. Binance burns large amounts of LUNC periodically (usually monthly), showcasing its support for the burning strategy. To date, Binance has burned over tens of billions of LUNC.

• Community burning: In addition to Binance's efforts, the Terra Classic community is actively involved in burning coins through various mechanisms and proposals. The community has contributed to burning nearly 110 billion tokens.

The burning of LUNC is a crucial aspect of the cryptocurrency's broader strategy to enhance its value and achieve its price targets in the coming years. As Binance continues its contributions to the burning initiative, and the community remains engaged in burning activities, the total quantity of LUNC burned is expected to rise further. This ongoing effort will be instrumental in driving the recovery of LUNC and bringing it closer to its desired price levels.