Is There A Future For Terra Luna And Terra Classic?
Price fluctuations, arrests of the top management, and the network in the hands of a few players — Terra Luna (LUNA) and LUNA Classic (LUNC) are facing hard times. Even if it looks like a comeback at first, neither the LUNA Coin nor the LUNC Coin is out of the woods.
Terra Luna can no longer get out of the headlines.
Negative headlines have primarily dominated Terra Luna news in recent months. The LUNA Coin was created so investors could recoup their losses. In May 2022, the big Terra Luna crash occurred, taking the entire crypto market with it.
The split into two blockchain projects, Terra Classic (LUNC) on one side and Terra Luna (LUNA) on the other was meant to provide a fresh start. Doing so can be slightly confusing now because Terra Classic is the original blockchain of the former LUNA Coin. However, this was renamed LUNC Coin to retain the name, so it was the relaunched version of Terra Luna to maintain the brand name LUNA Coin.
But whoever thought that the thus rebranded LUNC Coin would remain motionless on the ground was mistaken. The introduction of the token burn of 1.2% had an impressive effect on the Terra Classic price, while the mechanism is not even active. The token burn is expected to start at block 9,475,200 on September 21. So…
