Terra Luna Classic (LUNC) Set to Rally 20%: PoS Mechanism & Supported Assets Attract Investors

• Terra Luna Classic (LUNC) has witnessed a steady rise in its value since the start of the year.
• Transactions on Terra 2.0 blockchain are validated through the proof-of-stake consensus mechanism.
• The competition among PoS blockchains is tough and the network has 130 validators working at a given point of time.

The Terra Luna Classic (LUNC) coin has been steadily increasing in value this year, currently trading at $0.0001755. It is consolidating within the previous support zone established in November 2022 and analysts are optimistic that it will rally higher in the weeks to come. This is a positive sign for the entire crypto market which has been recovering from the selling pressure of the past year.

The coin has been affected by the collapse of the Terra ecosystem in May 2020, as well as the collapse of the crypto exchange FTX in November 2020. The market capitalization of Terra Luna Classic has dropped from $1.5 billion to $1.0.4 billion since then. Despite this, the coin has still been able to show significant counter trend strength in recent days, leading to analysts predicting a 20% rally to challenge December’s monthly high.

Terra 2.0 blockchain is validated through a proof-of-stake (PoS) consensus mechanism. This is the same mechanism that the leading cryptocurrency, Ethereum, has transitioned to from the traditional proof-of-work. As such, the competition amongst PoS blockchains has become even tougher, with 130 validators working at a given point of time. In addition, the PoS mechanism makes Terra Luna Classic a very eco-friendly token, which is an attractive feature for investors.

As a stablecoin, Terra Luna Classic is intended to safeguard coin holders against the volatility of other cryptocurrencies, either being pegged to a fiat currency such as USD or to a supported asset. This makes it an attractive option for investors looking for a reliable cryptocurrency to invest in.

Overall, the future looks bright for Terra Luna Classic, with analysts predicting a 20% rally in the weeks to come. With its eco-friendly PoS mechanism and its ability to be pegged to a supported asset, the coin is likely to continue to rise in value in the near future.