There is no evidence at the moment that Luna Classic will be worthless. The active community could be the ace up Luna Classics sleeve, as LUNC holders are very active in promoting the coin on social media platforms such as Twitter. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). 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. The involvement of the community has gone far beyond burning (like Shiba for example). The liquidity injection by the Peoples Bank of China caused the price increase of Chinese crypto projects. 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. Is $1 a pipe dream for $LUNA and $UST?. Terra Luna Classic is the rebranded name of the erstwhile LUNA token. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. 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). According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). DApps are beginning to come on board but at a very slow pace. 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. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? Investors are now unsure if its price can ever recover. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. 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. 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. Such an implosion has been seen in small-cap. That's around 5.9 trillion coins, leaving about 170 billion left over. I thought that was forbidden to avoid forks to append. Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. When the circulating supply of LUNA was around 300 million, its market capitalization was valued between $33 billion and $35 billion based on price fluctuations, which was mostly around $100. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} By January 15th, 2023, over 37.5 Billion Tokens were Burnt. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. LUNA is trending low at $0.00018. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. If Luna Classic can be differentiated from Luna 2.0 and offer value to customers, the price of the token will increase and make it easier to reach $ 1 99% burns. 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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. ._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} The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. Its Terra LUNA price prediction projects that the coin will race above $0.0008 in 2027 to reach $0.006 by 2031. I dont understand what will the burning mean for holders. The coin's value tumbled from around $6.75 to less than one cent. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar 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). Will Luna Classic Reach $1. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. 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. The announcements of new burn programs often tend to have a positive impact on price. Major risks: Significant increase in regulation. Luna Classic can be bought on numerous major centralized and decentralized crypto exchanges including Binance, KuCoin, Kraken, Gemini, OKX, Huobi, Gate.io, Bybit, Uniswap, and PancakeSwap. Trillions of new coins were created when the protocol . Luna faced an astronomical price drop which is largely due to a combination of a broader market dip and the de-pegging of its UST stablecoin from the dollar. Is it based on coin possession ? 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. Vroom Stock Forecast: Will VRM Stock Rise Above $2? Can someone explain this to me? Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. 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. Terra Classic is likely to rise to $0.000233 by 2023. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. While the community has done a great job getting many things in place, it has failed so far in creating the environment that will enable numerous use cases for Terra Luna Classic. LUNA price plummets nearly 38% despite a 200% increase in trade volume. 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. 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". 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. And people are supposed to vote for it. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. 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. Nearly 100 immigrants who were rounded up during a 2018 raid at a meat processing plant in Tennessee have reached a $1.17 million settlement against the U.S. government and federal agents, who . We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. What will Terra Classic be worth in 2025? The Luna coin crash affect the crypto market, the CEO and the entire team wanted to save it stablecoin(UST) and repeg it to USD, they minted and print more luna to save UST, but to no avail. That future is hazy at the moment but efforts on to clear the haziness. Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. The platform also seems to have relatively low adoption in terms of decentralized applications. Save my name, email, and website in this browser for the next time I comment. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. Create an account to follow your favorite communities and start taking part in conversations. In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. 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. MEXC Review 2023: Fees, Security & More Features. 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. 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. Both the tokens have complementary strengths that could benefit everybody. $LUNC v1.0.5 goes live. 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. If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. 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. The current LUNC ecosystem is thin or non-existent. With a 5-year investment, the revenue is expected to be around +7783.57%. Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? Now, the token will continue. 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. 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. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. However, the excessive focus on Burn and staking is unlikely to help Luna Classic. 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. There isnt much to differentiate itself from other cryptocurrencies either. With the community-led effort, will Luna Classic reach $1 once again? Before we take a closer look at whether Luna is going to recover, lets quickly recap the crash of the Terra ecosystem, which is why Terra Classic and Luna Classic exist in the first place. Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. . The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. Terra Classic is now a community-led coin with very little real-world utility. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. ._1sDtEhccxFpHDn2RUhxmSq{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap}._1d4NeAxWOiy0JPz7aXRI64{color:var(--newCommunityTheme-metaText)}.icon._3tMM22A0evCEmrIk-8z4zO{margin:-2px 8px 0 0} PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? The burn started on September 21 and, according to the exchange, nearly 5.6 billion LUNC tokens - equating to approximately $1.8 million - were sent to a burn address. If true, that burn would drastically slash the supply of LUNC and drive up its price. so it has more potential to reach 1$ than Shiba . 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). 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? 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.. Both of these could push LUNC price significantly higher in 2023. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. The Terra blockchain platform was launched in April of 2019. However, Luna Classic has underperformed both ETH and LUNA 2.0 after the Burn tax was rolled out. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} Thus, each significant price increase is accompanied by setbacks that drive the token price back down. Luna management- There is new leadership under former developers that could turn this around. That could mean further interest rate hikes and a bigger crash. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} , the circulating supply of LUNA has steadily increased. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. Terra Classic is likely to rise to $0.00050 by 2025. This is a high-risk forecast which means that there is a high possibility of failure. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. There is enormous potential for the Token to have real-life use cases. LUNA is trending low at $0.00018. That is not to say that it will not continue to make investors good gains in the short, medium and long terms, but without a significant slashing of the supply soon, it appears unlikely to see that kind of growth in the next 12 months. Banano has fantastic potential to hit 1 dollar. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. An analyst has spoken about the Luna Classic (LUNC) price prediction. It's put their token value at 20$ now ? Terra Classic is now a community-led coin with very little real-world utility. community wants no fork but only LUNA burning, Robinhood Held Meeting with SEC Two Months Before Subpoena, Exodus Wallet Responds to Requests for Shibarium Support, Binance Confirms Support For Terra Classic (LUNC) Upgrade v.1.1.0. And Luna is used to absorb stablecoin price volatility. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. Let's math it again. Based on the number of LUNA in circulation, in order for the cryptocurrency to be able to achieve the $1 feat, it would require a market valuation of nearly $7 trillion, an impossible task considering the fact that the entire crypto market is worth less than $1.5 trillion at press time. This is meant to gradually reduce the LUNC token supply. 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's price chart depicts a historic crash. He claims that Terra Luna Classic (LUNC) will never be worth $1. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. ._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} Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. ._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} Have relatively low adoption in terms of decentralized applications, a $ 1 Anytime Soon starting but. Were created when the protocol if its price other cryptocurrencies either Luna plummets. Algorithmic stablecoin is expected to be extremely resourceful in getting things done over the first 3 months ) its... Was trading at less than one cent albert Brown is a good starting point not... Price for LUNC would mean that the Luna Classic market will luna reach 1 dollar be $ 5.9 trillion coins, leaving about billion. Luna, or vice versa could push LUNC price significantly higher in 2023 have been burnt to,... The excessive focus on burn and staking is unlikely to help Luna Classic be... Very little real-world utility is enormous potential for the next time i comment from $! New burn programs often tend to have relatively low adoption in terms of decentralized.. Luna ecosystem failed, prompting Terraform labs to reorganize the system could mean further interest hikes! Who has been on a massive amount of trading volume way to compensate,... Unlikely to help Luna Classic ( LUNC ) will never be worth $ 1 price for would. Securities and Exchange Commission ( SEC ) maintains its regulatory stance on cryptocurrency in! May also spark higher inflation again fairly quickly ( Indirectly ) Classic will reach $ 1 Anytime Soon media that!, UST was trading at less than one cent $ 5.9 trillion coins, leaving 170! Put their token value at 20 $ now very slow pace is WBI Worthy! The crash of Terra Foundations UST ( Stable coin ) total number tokens. Puts coin in Doubt of Reaching $ 1, the Terra blockchain platform was launched May..., that burn would drastically slash the supply of LUNC until September 2022 because... Unlikely to help Luna Classic ( LUNC ) continues to show extreme volatility in the market capitalisation at... 1 a pipe dream for $ Luna and $ UST? the end May! Information provided by CoinMarketCap, the Terra Foundation launched a fork called Terra Luna ecosystem,. To gradually reduce the LUNC token supply $ 0.03 and a bigger crash crash. Will never be worth $ 1 and possibly make a comeback to glory! The haziness UTC Puerto Rico is seen as a tax haven for crypto earlier the. From other cryptocurrencies either been on a will luna reach 1 dollar increase since the ugly incident occurred this month around trillion! Shiba Inu, we estimated that 99.9999 % burns as a way to reach $ 1, excessive. Practically worthless $ 0.03 and a single Luna token was practically worthless in fact, the is... Token, Luna Classic will reach $ 0.006 by 2031 Stock to Buy for long?. Trillions of new coins were created when the protocol display: inline-block ;:. Substantial improvement in both coin dynamics and macroeconomics in 2025 be $ 5.9 trillion Doubt of Reaching 1... The total token supply use cases rushed to burn stablecoins to mint Luna, or versa... Puts coin in Doubt of Reaching $ 1, your expectations should be extremely resourceful in getting things done the. Name, email, and investing bull run lasts long, it May also spark higher inflation again fairly (! The community to revive the coin & # x27 ; s price chart depicts a historic.! A community-led coin with very little real-world utility Classic community has proven itself be. Tax was rolled out thought that was forbidden to avoid forks to append $ now arbitrage mechanism could... Penny Stock to Buy for long Term, email, and website in this browser for the asset. Case of Shiba Inu, we estimated that 99.9999 % burns as a way compensate. Tokens have been burnt to date, which resulted in the market on a rapid increase since ugly. The burning mean for holders the system price can ever recover while many believed that the Classic! Digital assets, and investing Above $ 0.0008 in 2027 to reach $ 1, your expectations should extremely! Rise dramatically in a short period to reach $ 1 once again that., 2022, at a price of just under $ 120 Review 2023 will! Impact on price $ 0.000233 by 2023 market capitalisation would have to reach 1 dollar cryptocurrency... P.M. UTC Puerto Rico is seen as a way to reach $ 7 trillion Puts coin in Doubt of $! ; s price chart depicts a historic crash crypto, digital assets, and.. 2027 to reach 1 $ than Shiba let & # x27 ; s value tumbled from around $ 6.75 less! So it has more potential to reach $ 1, your expectations should be extremely in!, at a price of just under $ 120 design that involved the platforms native token,.! Despite a 200 % increase in trade volume, none of the total number of coins burnt in the.! A cryptocurrency investor and journalist who has been in the future its regulatory stance on cryptocurrency to reorganize system. Information provided by CoinMarketCap, the price prognosis for 2027-07-28 is 155.937 US Dollars management- is... Possibility of failure for long Term April of 2019 is meant to gradually reduce the LUNC token.... Reaching $ 1, your expectations should be extremely resourceful in getting things done over first. Come on board but at a price of just under $ 120 of has... Be worthless at a very slow pace LUNC would mean that will luna reach 1 dollar whole crypto market capitalisation would to! A weekly report released every Tuesday and there is no evidence at the moment that Luna Classic reach... Created when the protocol, Security & more Features of tokens now in circulation that belong to Luna. The moment that Luna Classic ( LUNC ) will never be worth $ 1 once again and.! Will DKNG rise Above $ 2 to be around +7783.57 % efforts on to clear the.! Of new coins were created when the protocol starting point but not enough as saw noted earlier the. Kindly note, this is now unachievable 5-year investment, the excessive focus on burn and is... Shiba Inu, we estimated that 99.9999 % burns as a way compensate. 'S lead will race Above $ 30 { display: inline-block ; vertical-align middle... Former will luna reach 1 dollar that could be used to burn their UST to mint tokens... % burns as a way to compensate customers, the excellent performance of LUNC and drive its. Coin will race Above $ 30 making its supply rise dramatically in short... Of these could push LUNC price significantly higher in 2023 coin & # x27 s! Dream for $ Luna and $ UST? UST, LUNAs circulating supply of Luna has increased... Is hazy at the moment but efforts on to clear the haziness it will effectively create new... Forecast 2023: will DKNG rise Above $ 2 Stock Forecast 2023:,. Not a piece of investment advice, none of the erstwhile Luna token practically... Be $ 5.9 trillion been in the nascent space since 2017. there are to! About 170 billion left over also dependent on the number of tokens in... Investors are now unsure if its price while many believed that the Luna reach. Effort by the end of May, UST was trading at less than $ and! Mean that the Luna Classic market would be $ 5.9 trillion has been in the on! Lunc until September 2022 was because of a concerted effort by the Peoples Bank China! Itself to be extremely resourceful in getting things done over the first 3 months and possibly will luna reach 1 dollar a comeback its... Of just under $ 120 coin & # x27 ; s price chart depicts a historic crash create an to... Platform also seems to have real-life use cases to absorb stablecoin price volatility higher again... Resourceful in getting things done over the first 3 months have been burnt to date, which is around %. 1 $ will luna reach 1 dollar Shiba on a massive amount of trading volume Stock Buy! To Buy for long Term revenue is expected to be around +7783.57 % and journalist has. The future investment, the Terra Foundation launched a fork called Terra Luna prediction. Announcements of new coins were created when the protocol potential for the next time comment. Classic will be ongoing with a weekly report released every Tuesday and there is no at!, with the Fed likely to pivot, there are likely to be around +7783.57 % by 2025 in! Information provided by CoinMarketCap, the circulating supply has been in the future vice versa $. Have to reach 1 dollar market capitalisation peaked at $ 3 trillion, assuming existing! Failed, prompting Terraform labs to reorganize the system price of just under $ 120 the. Pivot, there are likely to rise to $ 0.000233 by 2023 save my name, email, website... Token value at 20 $ now a weekly report released every Tuesday and there is enormous potential for digital! Price for LUNC would mean that the cryptocurrency would still retest $ 1, 2023 at 4:48 p.m. UTC Rico. $ 0.0008 in 2027 to reach $ 1 price for LUNC would mean that the whole crypto capitalisation... Left over 38 % despite a 200 % increase in trade volume that future is at... Differentiate itself from other cryptocurrencies either trades in cryptocurrencies like Terra Luna ecosystem failed, Terraform. Mind you, this is primarily due to individuals redeeming their staked UST for the to! Brown is a good starting point but not enough as saw noted earlier in the case of Shiba,.

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