After the collapse of Terra Classic, we are making so many news reports, following closely, and investing. But will LUNC really reach $1? I have a clear answer to this question.

First, let’s recall the events. When the UST peg to $1 broke, the chain collapsed, and we all tried to understand what happened. Small investors suffered significant losses, and there was a lot of misinformation. Especially for Turkish investors, accessing accurate news was difficult. That’s why we started closely monitoring Terra Classic, LUNC, and USTC together with our followers.

The most frequently asked question is: Can LUNC reach the $1 target? We see this as a symbolic goal. Because many investors might be happy with $0.1, $0.01, or even 1 TRY. But $1 is a psychologically important level.

Why do we say “yes” to the question: Will LUNC reach $1? Because Terra Classic chain actually didn’t collapse. UST’s peg was broken, but the chain continues to operate under manual control. In fact, since the collapse, chain usage has increased. The recognition of LUNC and USTC by everyone has made the Terra Classic network stronger.

Another important point: Major institutions continue to support LUNC. Some exchanges have started burning LUNC, and over 61 billion tokens have been burned. This shows efforts to reduce supply. Terra Classic has three popular coins: LUNC, USTC, and the new LUNA. If Terra’s company ignores LUNC and USTC, we believe this is a deliberate strategy.

To see LUNC rise again, supply reduction is necessary, and the community is working towards this. The burn tax is implemented for this purpose. The chain is literally “working smoothly and steadily.”

But let’s not forget one thing. Market makers focus on price movements, not the strength of the chain. We investors think with a short-term trading mindset, but we should approach LUNC and USTC with a hodl mentality. Patience is required. This patient waiting could take years.

Currently, LUNC’s price is around $0.00, with a 24-hour increase of 0.21%. USTC has increased by 1.28%. Although these movements seem small, they show that the Terra Classic ecosystem is alive and continues to develop.

In conclusion, we cannot give a definitive answer whether LUNC will reach $1. But we can confidently say that the $1 target is realistic. The important thing is to invest with money you don’t need and to stake. Do your own research, evaluate the findings, and make your own decision. We are also curious about your opinions on the future of Terra Classic.