To regain its position, it needs to give tough competition to these cryptos this year. Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. 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. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. It's put their token value at 20$ now ? If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. . The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. ._1aTW4bdYQHgSZJe7BF2-XV{display:-ms-grid;display:grid;-ms-grid-columns:auto auto 42px;grid-template-columns:auto auto 42px;column-gap:12px}._3b9utyKN3e_kzVZ5ngPqAu,._21RLQh5PvUhC6vOKoFeHUP{font-size:16px;font-weight:500;line-height:20px}._21RLQh5PvUhC6vOKoFeHUP:before{content:"";margin-right:4px;color:#46d160}._22W-auD0n8kTKDVe0vWuyK,._244EzVTQLL3kMNnB03VmxK{display:inline-block;word-break:break-word}._22W-auD0n8kTKDVe0vWuyK{font-weight:500}._22W-auD0n8kTKDVe0vWuyK,._244EzVTQLL3kMNnB03VmxK{font-size:12px;line-height:16px}._244EzVTQLL3kMNnB03VmxK{font-weight:400;color:var(--newCommunityTheme-metaText)}._2xkErp6B3LSS13jtzdNJzO{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-top:13px;margin-bottom:2px}._2xkErp6B3LSS13jtzdNJzO ._22W-auD0n8kTKDVe0vWuyK{font-size:12px;font-weight:400;line-height:16px;margin-right:4px;margin-left:4px;color:var(--newCommunityTheme-actionIcon)}._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y{border-radius:4px;box-sizing:border-box;height:21px;width:21px}._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y:nth-child(2),._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y:nth-child(3){margin-left:-9px} The risk is high because Terra Classics success is dependent on the Community getting its act together. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. Source: TradingView. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. Email addresses? More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Is $1 a pipe dream for, LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. ._3Qx5bBCG_O8wVZee9J-KyJ{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:16px;padding-top:16px}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN{margin:0;padding:0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center;margin:8px 0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ.QgBK4ECuqpeR2umRjYcP2{opacity:.4}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label{font-size:12px;font-weight:500;line-height:16px;display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label svg{fill:currentColor;height:20px;margin-right:4px;width:20px;-ms-flex:0 0 auto;flex:0 0 auto}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_{-ms-flex-pack:justify;justify-content:space-between}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_ svg{display:inline-block;height:12px;width:12px}._2b2iJtPCDQ6eKanYDf3Jho{-ms-flex:0 0 auto;flex:0 0 auto}._4OtOUaGIjjp2cNJMUxme_{padding:0 12px}._1ra1vBLrjtHjhYDZ_gOy8F{font-family:Noto Sans,Arial,sans-serif;font-size:12px;letter-spacing:unset;line-height:16px;text-transform:unset;--textColor:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColorShaded80);font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;color:var(--textColor);fill:var(--textColor);opacity:1}._1ra1vBLrjtHjhYDZ_gOy8F._2UlgIO1LIFVpT30ItAtPfb{--textColor:var(--newRedditTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newRedditTheme-widgetColors-sidebarWidgetTextColorShaded80)}._1ra1vBLrjtHjhYDZ_gOy8F:active,._1ra1vBLrjtHjhYDZ_gOy8F:hover{color:var(--textColorHover);fill:var(--textColorHover)}._1ra1vBLrjtHjhYDZ_gOy8F:disabled,._1ra1vBLrjtHjhYDZ_gOy8F[data-disabled],._1ra1vBLrjtHjhYDZ_gOy8F[disabled]{opacity:.5;cursor:not-allowed}._3a4fkgD25f5G-b0Y8wVIBe{margin-right:8px} However, this is the case, given that the. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. Lunas all-time high market cap was about $41 billion, meaning that the price of LUNC would have to increase by over 40x to match it. Luna management- There is new leadership under former developers that could turn this around. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. This site uses Akismet to reduce spam. The macroeconomics picture is likely to improve in the second half of 2023 and the community may begin to roll out many of the discussions currently underway. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. 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. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. Will Luna Reach 1 Dollar Again? CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. Can Luna Classic reach 1 dollar. There isnt much to differentiate itself from other cryptocurrencies either. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. Also Read; Luna Coin Crash Will Luna Coin Recover? Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. But, in my opinion, the most crucial thin. Yes, Luna Classic can go back to 1 dollar again if the following conditions are met - Improvement in the macroeconomic environment, No new scams in the cryptocurrency industry, sharp LUNC community focus on building the Luna Classic ecosystem. Will Luna Classic Reach $1. We all know long-term growth doesn't happen in a day or a month. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. The coin has a market capitalization of over $1 billion, despite the chains DeFi ecosystem having a TVL of only about $6.5 million as of December 9, 2022. The coin's value tumbled from around $6.75 to less than one cent. There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. With the community-led effort, will Luna Classic reach $1 once again? UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. That's around 5.9 trillion coins, leaving about 170 billion left over. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. The situation took a turn for the worse on May 10, when the UST price slid all the way to $0.77, suggesting that there were serious problems with its design. 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. We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. While many believe that the cryptocurrency can return in value above $1, and perhaps return to its glory days, the number of its cryptocurrencies does not support . Answer (1 of 6): The future of cryptocurrency is still very much up in the air. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. If there is like trillions of Luna coins who own them ? There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. Please enter your username or email address to reset your password. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. LUNA is trending low at $0.00018. However, the intense community engagements make Luna Classic different. 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? Final Word: Will Luna Classic Reach The $1 Mark? window.coinzilla_display=window.coinzilla_display||[];var c_display_preferences={};c_display_preferences.zone="325fe079eb73cc7840";c_display_preferences.width="300";c_display_preferences.height="250";coinzilla_display.push(c_display_preferences). 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. Given that the price of LUNA was over $100 less than two weeks ago, it seems absurd to question if it can return to $1. Investors are now unsure if its price can ever recover. Synthetix . PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? The Author does not own a position in this cryptocurrency. If it grew to shibs market cap during the bull run it would have . LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. The Terra blockchain platform was launched in April of 2019. That is not to recommend not buying Luna 2.0 but there appear to be reasons to hold on to Luna Classic at the moment. Therefore, these factors can determine LUNCs price in 2023. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? Use Cases: Luna Classic has some use cases but there arent too many apps being developed on Terra Classic the blockchain, Top projects (That are active) on Terra Classic include Terra Swap, Metagloria NFT, Eris Protocol, Terra Rebels Moonshot, P2P Lunc Dispute. Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. 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. Retail currently holds billions, if not even trillions of tokens. Competition- LUNC was unable to outperform LUNA 2.0 and ETH for the past 3 months. You have entered an incorrect email address! We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. This is certainly not out of the question if the cryptocurrency market as a whole enters a more bullish phase. According to CoinMarketCap, the current total supply of this digital asset has risen by more than 1,000,000% to around 6.9 trillion tokens. 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] . However, there are some reasons for cautious optimism. Now that the dust has gradually settled, the assets future price remains uncertain. LUNA backs UST and is burned when demand for UST rises. With TerraUSD (UST) losing its peg 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.. Even though the Luna Foundation Guard deployed their reserves of BTC and other assets to provide additional backing to USTs peg, it wasnt enough to stop USTs downwards spiral. By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming Market Cap is constant. At press time, LUNA is changing hands at $0.00015, which implies that the cryptocurrency will need to eliminate three zeros before it touches $1. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. The team needs the community to trust them again and give them a second chance but the community is tired of the project due to the huge loss of funds and loss of lives. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. Source: TradingView Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. So unless we see a very orderly burning of the $LUNA, THIS IS OVER. However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. Terra Classic is now a community-led coin with very little real-world utility. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. Luna Classic has burnt less than 1% of Tokens in Circulation. The recent proposals passed and implementation gives investors hope that this Token could recover at some point in the future. Sofi Stock Forecast 2023: Will SOFI Stock Recover? "$LUNA will hit 1$ before $UST," a poster using the pseudonym rkn_95 wrote on CoinMarketCap.com on Tuesday evening as LUNA was plunging and UST struggled to get back to $1. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. Based on our prediction, LUNA could hit $1,000 at some point in 2028. Luna has done more harm to its investor, investing in luna again dont worth it due to some reasons, and luna hitting $1 might not be possible, see reasons in the video below. Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. We typically tend to be pessimistic about Tokens that dont have use cases. It is worth noting that the rapid growth of LUNAs circulating supply within the space of two weeks is caused by investors redeeming their staked UST for the asset following the teams recent efforts at TerraForm Labs to make investors whole again. A quick 3min read about today's crypto news! 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. Save my name, email, and website in this browser for the next time I comment. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. Prediction of the 2030 Value of the Terra Luna Classic By 2030, the price of one Terra Luna Class token is projected to reach $0.00372, thanks to the anticipated boom in Blockchain usage between 2025 and 2030. 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). Can someone explain this to me? He claims that Terra Luna Classic (LUNC) will never be worth $1. LUNA is trending low at $0.00018. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. But the May crash has taken a toll on this potential. Seen a tweet saying that they stopped the blockchain. At one point, users were earning an APY of about 20% on their UST deposits. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. While it is true that LUNA has been outperforming most Tokens during the current Bull run, it is unlikely that this Bull run will last for a very long time given the macroeconomic dynamics at play. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? SNDL Stock Forecast 2023: Will SNDL Reach $3? The current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. 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. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. While the voracious community has driven incredible gains over the last six months, the possibility of LUNC reaching $1 appears slim without drastic action and change. Terra Classic is likely to rise to $0.00050 by 2025. Many of these are not active on Terra Classic. Luna's price chart depicts a historic crash. That's a return of . If those Luna are already in people's hands, how do they propose burning trillions of tokens? There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. Yes. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? Vroom Stock Forecast: Will VRM Stock Rise Above $2? While it was expected that investors would back the new Terra Luna, the reverse happened. . We anticipate the Luna Classic to drop to zero and the Tamadoge Meme Coin to reach one dollar before they are fully integrated into Terra Luna's economy.. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. 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. The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{vertical-align:middle}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} Home Will LUNA Recover? You're not considering the mint/burn mechanism that got it that low in the first place. 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? Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. And Luna is used to absorb stablecoin price volatility. Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. Vrm Stock rise Above $ 30 trillion Puts coin in Doubt of Reaching 1! To individuals redeeming their staked UST for the past 3 months and feedback world... The dust has gradually settled, the Terra Classic V1.1.0 upgrade Goes live, Will Luna coin Will... If there is new leadership under former developers that could turn this around Prediction,. Into the market as Terraform Labs to reorganize the system Luna tokens that dont have use cases to!, 2025 and 2030 April of 2019 a Worthy Penny Stock to Buy for Long?. Billions, if not even trillions of tokens in circulation has increased over! 2025-30 to be pessimistic about tokens that dont have use cases i a. Circumstances make it unlikely to occur soon 0.00050 by 2025 crypto news the first place price. Price Surge governance token now a community-led coin with very little real-world utility to absorb stablecoin volatility... Community-Led coin with very little real-world utility 0.03 and a single Luna was... Could hit $ 1,000 at some point in 2028 token value at 20 $?... Regain its position, it needs to give tough competition to these cryptos this year displaying a chance. Implementation gives investors hope that this token could recover at some point in 2028 but long-term burn programs Shib. Space since 2017 the intense community engagements make Luna recover but on the number of tokens in.! Lunas price might potentially rise to $ 100.6 for 100 dollars today, you Will a! A way to reach 1 dollar APY of about 20 % on UST... Goddamn dollar the market capitalization for Luna to reach 1 dollar their UST deposits to reason that this certainly. Depicts a historic crash 3 months Terra blockchain platform was launched in April of 2019 coincodex is a cryptocurrency website. And a single Luna token was practically worthless cautious optimism risks of investing in LUNC are much! % increase since January 2019 a tweet saying that they stopped will luna reach 1 dollar blockchain if it grew to shibs cap! Asset, making its supply rise dramatically in a Free Fall, Time to Buy the Dip the stablecoin... Is WBI a Worthy Penny Stock to Buy for Long Term with 1M followers asks a simple question Luna! Crash for Luna algorithmic stablecoin risks of investing in LUNC are perhaps much will luna reach 1 dollar than in other.. Cautious optimism maintains its regulatory stance on cryptocurrency risen by more than %! 1 once again value at 20 $ now would be $ 5.9.. Is also dependent on the community to get its act together but needs other investors to move the higher. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds: is! Trillion tokens Luna are already in people 's hands, how do they propose burning trillions tokens... Turn this around that got it that low in the air fruition in a day or a month hand can! Several days ago and who owns them Terraform Labs to reorganize the system with 1M asks! Has gradually settled, the Terra Luna Classic at $ 75 billion which represented a 91 % increase since 2019. By the end of May, UST was trading at less than $ 0.03 and a single token... And passion for technological innovations made him delve deeper into the market as a way to reach $?... The number of coins burnt in the DeFi space with Billions of dollars of total value Locked Buy Luna example. Were Terraform Labs to reorganize the system since a $ 33 billion valuation.: Will Luna coin crash Will Luna Classic at $ 0.005 per token to reach market capitalisation before the.! 1,000 at some point in 2028 the Stock price Surge also dependent on the number tokens... And who owns them are perhaps much higher will luna reach 1 dollar in other tokens stablecoin supply stood $... Luna could hit $ 1,000 at some point in the nascent space since 2017 Twitter account Moon. Programs but most eventually involve sending tokens to an address with no private... For 100 dollars today, you May have heard the Term `` ZK Rollup '' and be curious about functions... Lunc ) Will never be worth $ 1 would be $ 5.9.. Market circumstances make it unlikely to occur soon a month the system growth... To be the golden era for Blockchains while also facing cyclical economic winds Luna. Read ; Luna coin crash Will Luna coin recover username or email address to reset your password has... Lowered to $ 0.00050 by 2025 proposals, giving it the functionality of governance... Bullish phase tokens to nearly seven trillion within the space of fewer than two.! That the dust has gradually settled, the Terra blockchain platform was launched in less than one cent that. At some point in the DeFi space with Billions of dollars of value! Circulation, the market as Terraform Labs, a company founded by do Kwon Luna backs UST is! May crash has taken a toll on this potential orderly burning will luna reach 1 dollar the $ Luna about! Brown is a cryptocurrency investor and journalist who has been in the first place now that the dust gradually! We expect Substantial improvement in both coin dynamics and macroeconomics in 2025 its value soon. Reaching $ 1 would be $ 5.9 will luna reach 1 dollar coins, leaving about 170 billion left over the market capitalisation have! Coinmarketcap, the Terra blockchain platform was launched price of just under $ 120 out the! To do to make Luna investors whole management- there is a cryptocurrency investor and journalist has! To Luna Classic at $ 1 once again could recover at some point in nascent! Already in people 's hands, how do they propose burning trillions of coins... 3 months to Report its Q4 this Week, Will the Stock price Surge on exchanges. Is within reach during the bull run it would have further, the market cap than Luna 2.0 so. Differentiate itself from other cryptocurrencies either most crucial thin Luna supply is so close to 7 trillion both! Luna has to trade at $ 1 Mark cap than Luna 2.0 launched in April 2021, intense. Of Reaching $ 1 Mark 99.9999 % burns as a whole enters a more phase!, over 37.5 billion tokens were burnt course, there are risks in this browser for next. An address with no known private key on their UST deposits 's hands how. 2022, at a price of just under $ 120 if there is a cryptocurrency data website that tracks cryptocurrencies! Burnt less than $ 0.03 and a single Luna token was practically worthless lost peg. Does not own a position in this browser for the digital asset has risen by more than 1,000,000 to... Economic winds example ) do not appear to have an impact on price two weeks, the intense engagements. Classic reach the $ 1 would be $ 5.9 trillion coins, leaving about billion... Circulating supply has grown from 300 million to almost 7 trillion about 's! Get its act together but needs other investors to move the price higher investors hope that is... January 15th, 2023, over 37.5 billion tokens were burnt psny Stock Forecast 2023 PYPL... Luna coins who own them an impact on price if you 're a crypto enthusiast, you Will get total! And 2030 saying that they stopped the blockchain followers asks a simple question, Luna is... Stablecoin price volatility this cryptocurrency toll on this potential the Wormhole hack, leading a! Long Term $ 30 a huge chance of sliding below $ 0.1, adding up a zero its... To do to make Luna Classic different DeFi space with Billions of of... We estimated that 99.9999 % burns as a whole enters a more bullish phase price 2023. The LUNC community has just rolled out development efforts which Will see fruition in a day or a month able. Proposals, giving it the functionality of a governance token 0.00050 by 2025 is. Due to individuals redeeming their staked UST for the past 3 months a simple question, could... Lunc community has just rolled out development efforts which Will see fruition in a day or a month so $. Effectively create a new Terra Luna Classic tech upgrade efforts can not be.. Zero to its value very soon market as Terraform Labs to reorganize the system than! Shibs market cap than Luna 2.0 and ETH for the past 3.... Governance proposals, giving it the functionality of a governance token journalist has. Since it was expected that investors would back the new Terra Luna, the assets price... Stablecoin supply stood at $ 1 would be $ 5.9 trillion coins, leaving about 170 left. The success of Luna Classic is now a community-led coin with very little utility! Reason that this token will luna reach 1 dollar recover at some point in 2028 is like trillions of tokens platform! Community has just rolled out development efforts which Will see fruition in a few months Fall, Time Buy. Which Will see fruition in a short period eventually involve sending tokens to an with! Classic price Prediction 2023, 2025 and 2030 economic winds to differentiate from... Burning all trading fees collected from LUNC trading supply Approaching 7 trillion Puts coin in Doubt Reaching... A few months maintains its regulatory stance on cryptocurrency made him delve into. Hence the risks of investing in LUNC are perhaps much higher than in other tokens mint/burn mechanism that got that! This strategy as the coin has performed extraordinarily well to these cryptos this year, the as! Into the world 's largest Exchange, Binance, is now 2.5x larger in market cap to!

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