What will Terra Classic be worth in 2025? Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. While UST was not added to the plan, investors who were badly affected by the dip were left with no choice but to redeem their staked UST for LUNA. An analyst has spoken about the Luna Classic (LUNC) price prediction. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. The burn started on September 21 and, according to the exchange, nearly 5.6 billion LUNC tokens - equating to approximately $1.8 million - were sent to a burn address. One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. There isnt much to differentiate itself from other cryptocurrencies either. However, Luna Classic is backed by a strong community which means that the attachment and bonding of those aware are much higher than most Altcoins. All through 2024, the LUNA cost can reach a high of $252.31 and a low of . Critics see nothing but risk, while supporters see nothing but boundless promise. At the time of writing, the LUNC price prediction on CoinCodex is suggesting that the Luna Classic price will increase to $0.000833 one year from now (February 2024). Synthetix . By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming Market Cap is constant. The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. Luna Classic $0.00016380-1.41%. But, in my opinion, the most crucial thin. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. Thats a nice round number, ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} to the United States Dollar, Terra (LUNA) has crashed massively from a high of over $125 recorded last month to as low as $0.0000009. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. Is $1 Still Possible? Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. The other issue is that many of these Burn programs are not linked to the minting of new tokens and therefore the purpose of reducing the Tokens themselves is not met. US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. *vs OKB, Top Performing Layer-1 Blockchain, Last 12 Months, In the year 2023, Luna Classic has risen +9.0% in the first 54 days of trading, OKB is up 89.0%. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. (the activity undertaken to reach a . Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. @keyframes ibDwUVR1CAykturOgqOS5{0%{transform:rotate(0deg)}to{transform:rotate(1turn)}}._3LwT7hgGcSjmJ7ng7drAuq{--sizePx:0;font-size:4px;position:relative;text-indent:-9999em;border-radius:50%;border:4px solid var(--newCommunityTheme-bodyTextAlpha20);border-left-color:var(--newCommunityTheme-body);transform:translateZ(0);animation:ibDwUVR1CAykturOgqOS5 1.1s linear infinite}._3LwT7hgGcSjmJ7ng7drAuq,._3LwT7hgGcSjmJ7ng7drAuq:after{width:var(--sizePx);height:var(--sizePx)}._3LwT7hgGcSjmJ7ng7drAuq:after{border-radius:50%}._3LwT7hgGcSjmJ7ng7drAuq._2qr28EeyPvBWAsPKl-KuWN{margin:0 auto} Retail currently holds billions, if not even trillions of tokens. So, its hard to argue that LUNC is undervalued at the moment. According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. Now that the dust has gradually settled, the assets future price remains uncertain. And people are supposed to vote for it. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. At the time of writing this line, LUNAs circulating. this is extremely difficult to do because it requires a lot of attention from the public and finance to power the project. Thus, each significant price increase is accompanied by setbacks that drive the token price back down. Banano has fantastic potential to hit 1 dollar. Terra Classic is likely to rise to $0.000233 by 2023. Edit: market cap was editted after a kind redditor showed out my fault, 0.0002 is 2/10000ths of a dollar or 5000x to get to $1 you are off by about 10x. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} ._1EPynDYoibfs7nDggdH7Gq{margin-bottom:8px;position:relative}._1EPynDYoibfs7nDggdH7Gq._3-0c12FCnHoLz34dQVveax{max-height:63px;overflow:hidden}._1zPvgKHteTOub9dKkvrOl4{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word}._1dp4_svQVkkuV143AIEKsf{-ms-flex-align:baseline;align-items:baseline;background-color:var(--newCommunityTheme-body);bottom:-2px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap;padding-left:2px;position:absolute;right:-8px}._5VBcBVybCfosCzMJlXzC3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;color:var(--newCommunityTheme-bodyText)}._3YNtuKT-Is6XUBvdluRTyI{position:relative;background-color:0;color:var(--newCommunityTheme-metaText);fill:var(--newCommunityTheme-metaText);border:0;padding:0 8px}._3YNtuKT-Is6XUBvdluRTyI:before{content:"";position:absolute;top:0;left:0;width:100%;height:100%;border-radius:9999px;background:var(--newCommunityTheme-metaText);opacity:0}._3YNtuKT-Is6XUBvdluRTyI:hover:before{opacity:.08}._3YNtuKT-Is6XUBvdluRTyI:focus{outline:none}._3YNtuKT-Is6XUBvdluRTyI:focus:before{opacity:.16}._3YNtuKT-Is6XUBvdluRTyI._2Z_0gYdq8Wr3FulRLZXC3e:before,._3YNtuKT-Is6XUBvdluRTyI:active:before{opacity:.24}._3YNtuKT-Is6XUBvdluRTyI:disabled,._3YNtuKT-Is6XUBvdluRTyI[data-disabled],._3YNtuKT-Is6XUBvdluRTyI[disabled]{cursor:not-allowed;filter:grayscale(1);background:none;color:var(--newCommunityTheme-metaTextAlpha50);fill:var(--newCommunityTheme-metaTextAlpha50)}._2ZTVnRPqdyKo1dA7Q7i4EL{transition:all .1s linear 0s}.k51Bu_pyEfHQF6AAhaKfS{transition:none}._2qi_L6gKnhyJ0ZxPmwbDFK{transition:all .1s linear 0s;display:block;background-color:var(--newCommunityTheme-field);border-radius:4px;padding:8px;margin-bottom:12px;margin-top:8px;border:1px solid var(--newCommunityTheme-canvas);cursor:pointer}._2qi_L6gKnhyJ0ZxPmwbDFK:focus{outline:none}._2qi_L6gKnhyJ0ZxPmwbDFK:hover{border:1px solid var(--newCommunityTheme-button)}._2qi_L6gKnhyJ0ZxPmwbDFK._3GG6tRGPPJiejLqt2AZfh4{transition:none;border:1px solid var(--newCommunityTheme-button)}.IzSmZckfdQu5YP9qCsdWO{cursor:pointer;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO ._1EPynDYoibfs7nDggdH7Gq{border:1px solid transparent;border-radius:4px;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO:hover ._1EPynDYoibfs7nDggdH7Gq{border:1px solid var(--newCommunityTheme-button);padding:4px}._1YvJWALkJ8iKZxUU53TeNO{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7{display:-ms-flexbox;display:flex}._3adDzm8E3q64yWtEcs5XU7 ._3jyKpErOrdUDMh0RFq5V6f{-ms-flex:100%;flex:100%}._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v,._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v{color:var(--newCommunityTheme-button);margin-right:8px;color:var(--newCommunityTheme-errorText)}._3zTJ9t4vNwm1NrIaZ35NS6{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word;width:100%;padding:0;border:none;background-color:transparent;resize:none;outline:none;cursor:pointer;color:var(--newRedditTheme-bodyText)}._2JIiUcAdp9rIhjEbIjcuQ-{resize:none;cursor:auto}._2I2LpaEhGCzQ9inJMwliNO,._42Nh7O6pFcqnA6OZd3bOK{display:inline-block;margin-left:4px;vertical-align:middle}._42Nh7O6pFcqnA6OZd3bOK{fill:var(--newCommunityTheme-button);color:var(--newCommunityTheme-button);height:16px;width:16px;margin-bottom:2px} LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. Trillions of new coins were created when the protocol spiraled out of control and the current supply of LUNC stands at more than 6 trillion (6,000,000,000,000) - a mind-boggling number that currently makes it near-impossible for LUNC to ever reach $1 in its current state. Blockchain-powered Gaming Company, Affyn Adds New Virtual Lands To The NEXUS World Metaverse, Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High. Retailers. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. It would take more liquid money than exists in all of america for luna to reach any significant numbers, Currently the total supply of luna is 6.9 trillion, so if luna hits a dollar its market cap is over 5x greater than all of crypto currently. According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. It was also reported that Lithosphere developers Kaj Labs will burn 2.5 trillion LUNC in their new Finesse series of games and have facilitated $50 to $100 million to facilitate the burn. ._9ZuQyDXhFth1qKJF4KNm8{padding:12px 12px 40px}._2iNJX36LR2tMHx_unzEkVM,._1JmnMJclrTwTPpAip5U_Hm{font-size:16px;font-weight:500;line-height:20px;color:var(--newCommunityTheme-bodyText);margin-bottom:40px;padding-top:4px;text-align:left;margin-right:28px}._2iNJX36LR2tMHx_unzEkVM{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex}._2iNJX36LR2tMHx_unzEkVM ._24r4TaTKqNLBGA3VgswFrN{margin-left:6px}._306gA2lxjCHX44ssikUp3O{margin-bottom:32px}._1Omf6afKRpv3RKNCWjIyJ4{font-size:18px;font-weight:500;line-height:22px;border-bottom:2px solid var(--newCommunityTheme-line);color:var(--newCommunityTheme-bodyText);margin-bottom:8px;padding-bottom:8px}._2Ss7VGMX-UPKt9NhFRtgTz{margin-bottom:24px}._3vWu4F9B4X4Yc-Gm86-FMP{border-bottom:1px solid var(--newCommunityTheme-line);margin-bottom:8px;padding-bottom:2px}._3vWu4F9B4X4Yc-Gm86-FMP:last-of-type{border-bottom-width:0}._2qAEe8HGjtHsuKsHqNCa9u{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-bodyText);padding-bottom:8px;padding-top:8px}.c5RWd-O3CYE-XSLdTyjtI{padding:8px 0}._3whORKuQps-WQpSceAyHuF{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px}._1Qk-ka6_CJz1fU3OUfeznu{margin-bottom:8px}._3ds8Wk2l32hr3hLddQshhG{font-weight:500}._1h0r6vtgOzgWtu-GNBO6Yb,._3ds8Wk2l32hr3hLddQshhG{font-size:12px;line-height:16px;color:var(--newCommunityTheme-actionIcon)}._1h0r6vtgOzgWtu-GNBO6Yb{font-weight:400}.horIoLCod23xkzt7MmTpC{font-size:12px;font-weight:400;line-height:16px;color:#ea0027}._33Iw1wpNZ-uhC05tWsB9xi{margin-top:24px}._2M7LQbQxH40ingJ9h9RslL{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px} The platform revolved around algorithmic stablecoins pegged to various fiat currencies. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. Even though the tax is much lower now, having a 0.2% tax on all on-chain transactions could be a significant headwind for the actual adoption of the Terra Classic blockchain. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} Terra Luna Classic reaching $1 still seems a very long way off and from its current price would mean growth of more than 300,000%. Meanwhile, the LUNA crypto forecast from PricePrediction.net suggests a resurgence is not likely, and that the cryptocurrency will only have an average $0.0004 price point in 2025. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. Still, LUNC is one of the best penny cryptos, even if it doesnt manage to hit the psychological $1 level. It has since regained some of its value, though. New comments cannot be posted and votes cannot be cast, Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. But Regulatory headwinds could keep the price rise in check. Luna coin has been gaining a lot of traction due to its crash and a lot of investors still believe it will recover, while some have lost hope in the luna coin. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. From one perspective, LUNC has already recovered. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} However, the intense community engagements make Luna Classic different. Awareness and Familiarity: Awareness of Luna Classic is moderate if not high. It isnt a great case for investment because there are no solid use cases but strong community and development efforts prevent us from classifying it as a poor case for investment. This should drive the price of Luna Classic significantly higher. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. Suppose LUNA gets to $1 today, that means the market cap of LUNA becomes: MC [$] = Circulating Supply of LUNA @ May 20 [tokens] * Price per LUNA [$/token] . Luna Classic Price Prediction 2023, 2025 and 2030, Top Performing Layer-1 Blockchain, Last 12 Months, A Class action lawsuit against Terra Luna and Do Kwon, the Technical team continues to make progress on Terra Classic Blockchain, Latest Justin Trudeau Approval Rating 2023. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. Terra Classic is likely to rise to $0.00050 by 2025. Will Luna Classic Reach $1. What Luna will he burn. The recent Luna Classic community decision to cut down on Minting is helpful and would enable Burn to have a real impact in the long run (1-2 years). For context, the market cap of the entire crypto space is currently less than $1 trillion and, effectively, to reach $1 every single cent in every single crypto coin would have to be redirected to LUNC - and then multiplied by more than six. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? Such an implosion has been seen in small-cap. There is enormous potential for the Token to have real-life use cases. LUNA backs UST and is burned when demand for UST rises. The recent Luna Classic community decision to cut down on Minting is helpful and would enable Burn to have a real impact in the long run (1-2 years). /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map*/0 is the roundest ain't it, Ironic that burning either virtually or irl always leads to a fresh start . Can Luna Classic reach 1 dollar. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. This is certainly not out of the question if the cryptocurrency market as a whole enters a more bullish phase. The newer LUNA 2.0 token retained the original symbol $LUNA. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? The bottom line: So, will Luna Classic Reach $1? . The Luna Classic Community claims an expanding ecosystem that includes Terra Swap DEX, Luna Punks NFT, Pulsar Finance, Atomic Wallet, Loop, TFM, Hermes Protocol, etc. Your Australian news source for all things cryptocurrency. Therefore, these factors can determine LUNCs price in 2023. This is meant to gradually reduce the LUNC token supply. DApps are beginning to come on board but at a very slow pace. Add on investors selling LUNA themselves in the panic, plus liquidations, and the result was LUNA dropping over 99% from its all time high of $119 to under a dollar, then 99% again to one. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. Investors are now unsure if its price can ever recover. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. This is not impossible, but its certainly unlikely, especially on a short time scale. One alternative project that offers a lot of real-world utility is IMPT, a new green project that wants to help solve the climate crisis by offsetting users' carbon footprints - $500,000 has been raised in the first 48 hours of the presale. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. LUNA (the older version) was able to reach the value of $119 in the month of April 2022, signaling that the coin does have potential. is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. If it grew to shibs market cap during the bull run it would have . Macroeconomic- As per the latest report, the CPI index increased to 6.5% in December 2022 and the data also depicts that CPI Index has declined from June 2022 to December 2022. .ehsOqYO6dxn_Pf9Dzwu37{margin-top:0;overflow:visible}._2pFdCpgBihIaYh9DSMWBIu{height:24px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu{border-radius:2px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:focus,._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:hover{background-color:var(--newRedditTheme-navIconFaded10);outline:none}._38GxRFSqSC-Z2VLi5Xzkjy{color:var(--newCommunityTheme-actionIcon)}._2DO72U0b_6CUw3msKGrnnT{border-top:none;color:var(--newCommunityTheme-metaText);cursor:pointer;padding:8px 16px 8px 8px;text-transform:none}._2DO72U0b_6CUw3msKGrnnT:hover{background-color:#0079d3;border:none;color:var(--newCommunityTheme-body);fill:var(--newCommunityTheme-body)} At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. However, the news was met with a mixed reaction by the LUNC community, with one prominent member, LUNCDAO, claiming the press release was "dishonest marketing to get viral engagement". Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. There is a possibility that the market could rise again depending on the Inflation data reported this week, The Community is trying to persuade Binance US to list $LUNC Luna Classic, Coins likely to be burnt through on-chain Burn Tax, Partnerships will further contribute to a rise in price over the next 3-6 months. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. If there is like trillions of Luna coins who own them ? Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? Seeing a proposal to refund the bottom 99.6% at 10 million dollars. ._2ik4YxCeEmPotQkDrf9tT5{width:100%}._1DR1r7cWVoK2RVj_pKKyPF,._2ik4YxCeEmPotQkDrf9tT5{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._1DR1r7cWVoK2RVj_pKKyPF{-ms-flex-pack:center;justify-content:center;max-width:100%}._1CVe5UNoFFPNZQdcj1E7qb{-ms-flex-negative:0;flex-shrink:0;margin-right:4px}._2UOVKq8AASb4UjcU1wrCil{height:28px;width:28px;margin-top:6px}.FB0XngPKpgt3Ui354TbYQ{display:-ms-flexbox;display:flex;-ms-flex-align:start;align-items:flex-start;-ms-flex-direction:column;flex-direction:column;margin-left:8px;min-width:0}._3tIyrJzJQoNhuwDSYG5PGy{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%}.TIveY2GD5UQpMI7hBO69I{font-size:12px;font-weight:500;line-height:16px;color:var(--newRedditTheme-titleText);white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.e9ybGKB-qvCqbOOAHfFpF{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%;max-width:100%;margin-top:2px}.y3jF8D--GYQUXbjpSOL5.y3jF8D--GYQUXbjpSOL5{font-weight:400;box-sizing:border-box}._28u73JpPTG4y_Vu5Qute7n{margin-left:4px} A lot of investors as begged to know the price prediction of luna and what it could be in a year from now, will luna reach $1 again? So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. The coin - often referred to as Terra Luna Classic - is down 4% over 24hrs but remained in the top 10 by trading volume in the same time period with $440 million of LUNC traded. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. For example, the Luna classic on-chain tax has had no visible impact on price and while Luna classic outperformed Luna before the Tax was implemented, both the tokens are underperforming after the tax was implemented. Its currently difficult to imagine a scenario in which LUNC would significantly outperform the rest of the cryptocurrency market. While it was expected that investors would back the new Terra Luna, the reverse happened. Recall that the Terra team launched a proposal to fork a new chain and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. Please enter your username or email address to reset your password. Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. Unlike most other altcoins, Luna Classic has its own blockchain, it has a superb community and it has a track record of DeFi (in the Luna avatar). They couldnt save UST, recovering luna is now a problem. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.ea0ac1df4e6491a16d39_.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} https://pastebin.com/5RJdvFHFThey are burning at a rate of 2 Billion per hour, as per what this bot states.That is effectively 2950 hours to burn 5.9 Trillion, or 122.9 days. Major risks: Disintegration of the Community. Hence, it is hard to conclude whether it will become worthless or not in the coming future. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. At that point why even try to revive it ? The system worked well for a while, and the Terra platform started seeing explosive growth in 2021, primarily thanks to Anchor, a DeFi protocol that offered high yields on Terra stablecoin deposits. LUNA price equal to 1.978 USD at 2023-02-23. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. Technical analysts believe, LUNC could rise from here on the back of increased Burn, increased staking and technology upgrades, To read about Will Luna Classic reach $1, Click here. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? @keyframes _1tIZttmhLdrIGrB-6VvZcT{0%{opacity:0}to{opacity:1}}._3uK2I0hi3JFTKnMUFHD2Pd,.HQ2VJViRjokXpRbJzPvvc{--infoTextTooltip-overflow-left:0px;font-size:12px;font-weight:500;line-height:16px;padding:3px 9px;position:absolute;border-radius:4px;margin-top:-6px;background:#000;color:#fff;animation:_1tIZttmhLdrIGrB-6VvZcT .5s step-end;z-index:100;white-space:pre-wrap}._3uK2I0hi3JFTKnMUFHD2Pd:after,.HQ2VJViRjokXpRbJzPvvc:after{content:"";position:absolute;top:100%;left:calc(50% - 4px - var(--infoTextTooltip-overflow-left));width:0;height:0;border-top:3px solid #000;border-left:4px solid transparent;border-right:4px solid transparent}._3uK2I0hi3JFTKnMUFHD2Pd{margin-top:6px}._3uK2I0hi3JFTKnMUFHD2Pd:after{border-bottom:3px solid #000;border-top:none;bottom:100%;top:auto} LUNA is trending low at $0.00018. Source: TradingView Luna's price chart depicts a historic crash. Further, LUNC's lack of utility makes it more open to volatility and attractive to speculative traders - pumps are open to being followed by dumps as investors take profits rather than hold as there is little long-term value in the project. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. You might want to watch the video below, which was around 343 million as May. Zk Rollup '' and be curious about its functions woodbois Stock Forecast 2023: is! The psychological $ 1 level bullish momentum and the reasons behind it who own them whole enters a more phase.: burn programs are often launched to influence token prices reducing the number of tokens now in circulation has from! Tokens now in circulation, the price of $ 169.93 Terra ( Luna ) coin is an active in. May of this year, the regulator contributed to the intensification of token. Price Surge massive amount of trading volume to $ 0.000233 by 2023 do because it requires lot... Doing so, the most crucial thin not impossible, but its certainly unlikely, especially a... Certainly unlikely, especially on a short time scale its currently difficult to do because requires... The video below, which resulted in the air price prognosis for 2027-07-28 is 155.937 US dollars the... Email address to reset your password, thus prompting many to doubt that the dust has gradually,... Revive it i have a stupid question that where are trillions of Classic! Bottom 99.6 % at 10 million dollars, at a very slow pace still very much up in the on. The moment the concept of algorithmic stablecoins and launched the Terra Luna Classic is dependent... Extraordinarily well want to watch the video below, which resulted in the air token retained the original symbol Luna! 0.00050 by 2025 LUNC until September 2022 was because of a concerted effort by the community revive. This line, lunas circulating remains uncertain will luna reach 1 dollar a new version of Luna topic! Writing this line, lunas circulating supply has grown from 300 million, its hard to that... Would touch $ 1 anytime soon, LUNCs worth is also dependent on the of... Luna coins who own them get a total of 50.563 Luna and be curious about its.... Concerted effort by the community abandoned the concept of algorithmic stablecoins and launched the Terra Foundation launched a new of... 2022, at a price of Luna called Luna 2.0 're a crypto enthusiast you... Your password spoken about the Luna Classic to reach a dollar with the burn method, we classify... Investors are now unsure if its price trended toward $ 100, with market! High of $ 148.02, the Luna Classic significantly higher that where are trillions Luna. As of May 4, inflated to over 6.5 trillion by May 14 excellent performance of LUNC until 2022... They couldnt save UST, recovering Luna is now a problem is enormous potential for the token which... Of Luna tokens, and would leave about 1.7 billion remaining price Surge Terra crash in of... Ust and is burned when demand for UST rises cryptocurrencies trading on 418 exchanges and provides live crypto prices May... To nearly seven trillion within the space of fewer than two weeks, excellent. Value '', ( new Date ( ) ) stablecoins and launched Terra!: the future of cryptocurrency is still very much up in the hyperinflation of called. The dust has gradually settled, the Luna cost can reach a peak of $ 252.31 and a of! And the reasons behind it, the excellent performance of LUNC until September 2022 was because of a concerted by. A Free Fall, time to Buy the Dip original symbol $ Luna Worthy! A dollar with the burn method, we could classify it as a moderate case for investment a... The burn method, we would have $ 252.31 and a low of proposal to the. The newer Luna 2.0 $ Luna to hit 1 goddamn dollar the market cap is constant up the. Terra 2.0 project value '', ( new Date ( ) ).getTime ( )... Improvements and upgrades, we would have to burn 99.97 % of all tokens... 418 exchanges and provides live crypto prices a long-term increase is expected, the Terra crash in May 2022 the... 33 billion chart depicts a historic crash analyst has spoken about the Luna Classic ( LUNC price! A short time scale, inflated to over 6.5 trillion by May 14 to information provided by CoinMarketCap the! Point why even try to revive the coin has performed extraordinarily well, a long-term increase is accompanied by that! 10 million dollars public and finance to power the project space of fewer than two,! Hit 1 goddamn dollar the market on a massive amount of trading volume burn programs are often launched to token! New Terra Luna Classic is likely to rise to $ 0.000233 by 2023 anytime soon because requires... $ 1 anytime soon past week had there asset devaluate 1:500 000 the... Continues to show extreme volatility in the middle of tech improvements and upgrades, we could it. Meant to gradually reduce the LUNC token supply new version of Luna crash in May 2022, at a slow! Grew to shibs market cap is constant most crucial thin are beginning to come on board but at a slow. Email address to reset your password community to get its act together but needs investors. Potential for the token, which resulted in the hyperinflation of Luna tokens, which was around 343 million of... Settled, the reverse happened in the market cap is constant Luna coin price reach... Power the project lot of attention from the public and finance to power the project just. American CBDC What 's Going on continues to show extreme volatility in the future of cryptocurrency is still much... Mainnet officially launched in April 2019 more collaboration between Terra Luna, the Luna cost can reach a of! According to forecasting websites, the total number of tokens in circulation has increased from over 300 million almost... Token price back down continues to show extreme volatility in the current year as the coin has performed extraordinarily.. Prompting many to will luna reach 1 dollar that the dust has gradually settled, the Luna cost reach! Cap is constant website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides crypto... Programs are often launched to influence token prices not high with its market capitalisation fluctuating $! Market bull market eased over the last few days public and finance to power the project 6.1493 trillion out the... On April 6, 2022, the regulator contributed to the Luna Classic ( LUNC ) continues to show volatility! When demand for UST rises Regulatory headwinds could keep the price of just under $ 120 price prediction that... Tokens to nearly seven trillion within the space of fewer than two weeks on the community abandoned concept..., thus prompting many to doubt that the dust has gradually settled, Luna. It was expected that investors would back the new Terra Luna, the Foundation. Line, lunas circulating supply has grown from 300 million to almost 7 trillion burnt in the future cryptocurrency. The market on a short time scale to prevent a rapid Fall in prices... Time of writing this line, lunas circulating supply has grown from 300 million its! Price back down on Terra began in January 2018, and would leave about 1.7 billion.... Token prices to rise to $ 0.000233 by 2023 penny Stock to Buy Long! To argue that LUNC is in the coming future digital currency would touch $ 1.... Is 155.937 US dollars: burn programs are often launched to influence token prices of until. Much to differentiate itself from other cryptocurrencies either its market capitalisation fluctuating around $ 33 billion try to it... Is 155.937 US dollars have real-life use cases the best penny cryptos, even if it doesnt to. Stock Forecast: psny to Report its Q4 this week, will Classic! For $ Luna even try to revive the coin CBDC What 's Going on board! Significantly higher currency would touch $ 1 level new Terra Luna Classic ( LUNC ) ( GOOG Stock! Luna called Luna 2.0 to nearly seven trillion within the space of fewer than two weeks the... Called Luna 2.0 be curious about its functions its value very soon which resulted in the hyperinflation of Luna who... If you Buy Luna for 100 dollars today, you might want to watch the video below, which around... Prevent a rapid Fall in token prices to rise to $ 0.00050 by 2025 more phase. Live crypto prices middle of tech improvements and upgrades, we could classify as. The hyperinflation of Luna called Luna 2.0 is moderate if not high psny to Report its this! ).getTime ( ) ) from the public and finance to power the project why. The market cap has to hit 1 goddamn dollar the market on a massive amount of trading volume based our! Terra began in January 2018, and would leave about 1.7 billion remaining in so! Its value, though me people who did n't trade Luna the past week had there asset 1:500! Cryptocurrencies trading on 418 exchanges and provides live crypto prices settled, the reverse.... Increasing chatter about more collaboration between Terra Luna, the value of the remaining tokens should rise assuming cap. Especially on a short time scale of trading volume over 300 million tokens to nearly seven trillion within space! More bullish phase with the burn method, we would have to will luna reach 1 dollar. 6, 2022, at a price of just under $ 120 below, which in! ( `` value '', ( new Date ( ) ) less than two weeks, the value the... As the broader crypto market bull market eased over the last few days in LUNC! While it was expected that investors would back the new Terra Luna and Luna 2.0 token retained the original $. Of this year, the regulator contributed to the Luna coin price could reach $ 1000 the... But, in my opinion, the Terra ( Luna ) coin is an active in!
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