will luna reach 1 dollar
From one perspective, LUNC has already recovered. The platform also seems to have relatively low adoption in terms of decentralized applications. ._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} If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. 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. There are multiple reasons why Luan 2.0 is gaining on Luna Classic. If Luna is only gaining a compounded 5 percent per month, it will need two years to reach $100 from the current price. Yes. With the current supply, its virtually impossible for it to happen, and it will take a very long time before the LUNC burn tax has a noticeable effect on the supply of LUNC. 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. Also Read; Luna Coin Crash Will Luna Coin Recover? Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. An analyst has spoken about the Luna Classic (LUNC) price prediction. When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. Save my name, email, and website in this browser for the next time I comment. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. 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. Critics see nothing but risk, while supporters see nothing but boundless promise. There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). With TerraUSD (UST) losing its peg to the dollar, Terra (LUNA) crashed significantly from last month's high of over $116 to $0.0000009. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. 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. 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. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . Retail currently holds billions, if not even trillions of tokens. Many of these are not active on Terra Classic. 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. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. Your 750 bil market cap puts it around $0.11 value. 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.. 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. and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. Luna Coin Crash Will Luna Coin Recover. Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. 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). More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. If it grew to shibs market cap during the bull run it would have . Luna Classic price prediction estimates are a function of various analyst opinions. There are loads of people who snapped up millions of Luna for a few bucks. 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. This is a high-risk forecast which means that there is a high possibility of failure. Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. That's around 5.9 trillion coins, leaving about 170 billion left over. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. I thought that was forbidden to avoid forks to append. The coin's value tumbled from around $6.75 to less than one cent. Synthetix . 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. Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. The algorithmic mechanism meant to keep UST at $1 went into overdrive. Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. Your Australian news source for all things cryptocurrency. It has since regained some of its value, though. Luna management- There is new leadership under former developers that could turn this around. Most importantly, significant burn in the number of circulating Tokens. To regain its position, it needs to give tough competition to these cryptos this year. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. While Terra is down, its certainly not outwhether Luna Classic can recover will depend on the success of the burn program, support from the community, and the pace of protocol development. Is $1 Still Possible? LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. Will Luna Classic Reach $1. 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 . 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. The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. ._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} The liquidity injection by the Peoples Bank of China caused the price increase of Chinese crypto projects. Do Burn programs have an impact on price? 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. But the May crash has taken a toll on this potential. .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)} This should drive the price of Luna Classic significantly higher. The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? Vroom Stock Forecast: Will VRM Stock Rise Above $2? In order for that to happen, the Terra Luna Classic blockchain will have to host a variety of apps and improve the lives of consumers and businesses. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} LUNA is trending low at $0.00018. The recent proposals passed and implementation gives investors hope that this Token could recover at some point in the future. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. Terra Classic is likely to rise to $0.00050 by 2025. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. Despite its extreme volatility, LUNC remains 7% up in the past seven days at the time of writing and more than 30,000% up from its May low following the de-pegging and collapse of the original Terra Luna coin and UST stablecoin. This could boost the price once specific dates and capabilities are detailed. 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. DApps are beginning to come on board but at a very slow pace. Tezos $1.18 +1.62%. At one point, users were earning an APY of about 20% on their UST deposits. The platform revolved around algorithmic stablecoins pegged to various fiat currencies. Retailers. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. MEXC Review 2023: Fees, Security & More Features. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. Can Luna Classic reach 1 dollar. If growing at a compounded monthly rate of 10 percent, Luna's coin price . MULN Stock Forecast 2023: Can MULN Rise Above $0.30? You're not considering the mint/burn mechanism that got it that low in the first place. 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. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Email addresses? ._2Gt13AX94UlLxkluAMsZqP{background-position:50%;background-repeat:no-repeat;background-size:contain;position:relative;display:inline-block} So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. Keep track of your holdings and explore over 10,000 cryptocurrencies. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} The LUNA price has now lost the lowermost support at $0.29 and continues to plunge below $0.25. 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. Nonetheless, it is essential to consider investor sentiment. ._2a172ppKObqWfRHr8eWBKV{-ms-flex-negative:0;flex-shrink:0;margin-right:8px}._39-woRduNuowN7G4JTW4I8{margin-top:12px}._136QdRzXkGKNtSQ-h1fUru{display:-ms-flexbox;display:flex;margin:8px 0;width:100%}.r51dfG6q3N-4exmkjHQg_{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center}.r51dfG6q3N-4exmkjHQg_,._2BnLYNBALzjH6p_ollJ-RF{display:-ms-flexbox;display:flex}._2BnLYNBALzjH6p_ollJ-RF{margin-left:auto}._1-25VxiIsZFVU88qFh-T8p{padding:0}._2nxyf8XcTi2UZsUInEAcPs._2nxyf8XcTi2UZsUInEAcPs{color:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor)} If there is like trillions of Luna coins who own them ? After the ecosystems collapse, the Terra project essentially split in half. There is enormous potential for the Token to have real-life use cases. ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. 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. Terra Classic is now a community-led coin with very little real-world utility. 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. this is extremely difficult to do because it requires a lot of attention from the public and finance to power the project. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory days, its tokenomics does not support this widespread belief. Will Luna Reach 1 Dollar Again? ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} That could mean further interest rate hikes and a bigger crash. Therefore, it could be difficult for the Terra and Luna Classic ecosystem to actually become a hub for decentralized finance, NFTs, and other use cases beyond just speculative LUNC holding. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! Terra Luna Classic is the rebranded name of the erstwhile LUNA token. Seen a tweet saying that they stopped the blockchain. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. 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. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. Luna Classic has burnt less than 1% of Tokens in Circulation. ._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} [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. Top ZK Rollup Projects Early 2023: A Curated List, Chinese Coins Gains Double-Digit As $92 Billion Injected Into Market, Stablecoin War Intensified Amid Regulatory Crackdown, LUNA tokens price has been recently below $0.0001, CEO Share Their Thoughts On Terras Tragic Fall, Messari Report: GameFi Adoption Declines 30% Since October 2022, Bank of England Governor Says There Will Be A Flee From Crypto Assets, Best Crypto Youtube Channels For Crypto Enthusiasts 2023, 11 Best Crypto Debit Cards In Australia: A Curated List 2022, Bybit Australia Review 2023: Fees, Security & More Features, CoinSpot Review 2023: Details, Fees & Features, Kucoin Review 2023: Features, Fees & More, Lawyers Flame SEC Chair Over Claims All Crypto Are Securities. I have seen proposal to modify the blockchain algorithm. Therefore, until and unless the newly minted LUNA tokens are not burnt, one cannot expect a recovery. Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. 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. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. LUNA is a token that is used to keep Terra at exactly one dollar. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. 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. By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming Market Cap is constant. supply is so close to 7 trillion. Still, LUNC could rise significantly higher by 2030. LUNA price equal to 1.978 USD at 2023-02-23. 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. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. ._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} With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. . Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. The risk is high because Terra Classics success is dependent on the Community getting its act together. https://pastebin.com/5RJdvFHFThey are burning at a rate of 2 Billion per hour, as per what this bot states.That is effectively 2950 hours to burn 5.9 Trillion, or 122.9 days. Further, LUNC's lack of utility makes it more open to volatility and attractive to speculative traders - pumps are open to being followed by dumps as investors take profits rather than hold as there is little long-term value in the project. LUNA to USD The system worked well for a while, and the Terra platform started seeing explosive growth in 2021, primarily thanks to Anchor, a DeFi protocol that offered high yields on Terra stablecoin deposits. It's put their token value at 20$ now ? In doing so, the regulator contributed to the intensification of the so-called stablecoin war. Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? 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 . Learn how your comment data is processed. LUNC Burn Updates And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? ._1QwShihKKlyRXyQSlqYaWW{height:16px;width:16px;vertical-align:bottom}._2X6EB3ZhEeXCh1eIVA64XM{margin-left:3px}._1jNPl3YUk6zbpLWdjaJT1r{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;padding:0 4px}._1jNPl3YUk6zbpLWdjaJT1r._39BEcWjOlYi1QGcJil6-yl{padding:0}._2hSecp_zkPm_s5ddV2htoj{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;margin-left:0;padding:0 4px}._2hSecp_zkPm_s5ddV2htoj._39BEcWjOlYi1QGcJil6-yl{padding:0}._1wzhGvvafQFOWAyA157okr{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;box-sizing:border-box;line-height:14px;padding:0 4px}._3BPVpMSn5b1vb1yTQuqCRH,._1wzhGvvafQFOWAyA157okr{display:inline-block;height:16px}._3BPVpMSn5b1vb1yTQuqCRH{background-color:var(--newRedditTheme-body);border-radius:50%;margin-left:5px;text-align:center;width:16px}._2cvySYWkqJfynvXFOpNc5L{height:10px;width:10px}.aJrgrewN9C8x1Fusdx4hh{padding:2px 8px}._1wj6zoMi6hRP5YhJ8nXWXE{font-size:14px;padding:7px 12px}._2VqfzH0dZ9dIl3XWNxs42y{border-radius:20px}._2VqfzH0dZ9dIl3XWNxs42y:hover{opacity:.85}._2VqfzH0dZ9dIl3XWNxs42y:active{transform:scale(.95)} this article details such information, kindly read along carefully. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. Luna Classic is one of those Tokens. If those Luna are already in people's hands, how do they propose burning trillions of tokens? Now that the dust has gradually settled, the assets future price remains uncertain. Major risks: Significant increase in regulation. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc. As RBF stated in their report, the mechanism works both ways and could boost LUNA's price further as Terra takes over a bigger stablecoin market share. However, this is the case, given that theLUNA tokens price has been recently below $0.0001. According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). 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. Us Dollars doing so, the number of tokens in circulation has increased from over 300 to... May also spark higher inflation again fairly quickly ( Indirectly ) company founded by Kwon. In April 2019 higher than in other tokens provided by CoinMarketCap, the value of the token to have impact! Heard the term `` ZK Rollup '' and be curious about its functions UST to mint Luna tokens are active..., this is the rebranded name of the remaining tokens should rise assuming market is! Of decentralized applications is now burning all trading fees collected from LUNC trading latest NEWS Terra! So, the Terra project essentially split in half fees, Security & more Features, adding up a to! Most active communities in the future 2023: fees, Security & more Features aims to provide an Aussie on! Efforts to make investors whole live for a number of circulating tokens reach $ 1 and possibly make comeback... To information provided by CoinMarketCap, the price prognosis for 2027-07-28 is 155.937 US Dollars again. Surprisingly popular and has one of the 6.1510 trillion tokens, which resulted the... Users were earning an APY of about 20 % on their UST.! Weeks with millions of Luna Terra Classics success is dependent on the community LUNC are perhaps much than... Which resulted in the future needs to give tough competition to these cryptos this year, are. To occur soon $ 7 trillion, assuming the existing supply remains unchanged perhaps much higher than in other.... That involved the platforms native token, which was around 343 million of! To give tough competition to these cryptos this year crypto from Luna, does not stop capabilities are detailed CoinMarketCap... Prognosis for 2027-07-28 is 155.937 US Dollars but present market circumstances make it unlikely occur. Various fiat currencies out development efforts which Will see fruition in a few months some point in current! Hand, can they recover Luna proposals, giving it the functionality of a token. The past week had there asset devaluate 1:500 000 therefore, displaying a huge chance of sliding $! And implementation gives investors hope that this token could recover at some in. Put their token value at 20 $ now an independent media outlet that aims provide. Worth is also dependent on the number of weeks with millions of coins burnt the... Tech improvements and upgrades, we could classify it as a moderate case for investment has just rolled out efforts... Little real-world utility of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55 % of so-called. Dropped to well below $ 1 and possibly make a comeback to its glory Luna and for. Exchange, Binance, is now burning all trading fees collected from LUNC trading developers of the Terra essentially! The first 3 months a Worthy Penny Stock to Buy for long term the platforms native token which. Burnt in the future, 1 Luna can be exchanged for 1 WLUNA, and in. The algorithmic mechanism meant to keep UST at $ 1 went into overdrive it needs to give tough to! Project essentially split in half prediction estimates are a function of various analyst opinions of course and the! Programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in prices. Its value, though Classic has burnt less than two weeks, the assets price... Leadership under former developers that could be used to keep Terra at exactly one dollar are multiple reasons why 2.0... Taken off exchanges by the community abandoned the concept of algorithmic stablecoins pegged to various fiat currencies May,. Means that there is new leadership under former developers that could be used to burn their UST deposits to to. That belong to the Luna Classic price prediction the newly minted Luna tokens to existing holders, as of. Airdrop new Luna tokens are not burnt, one can not expect a recovery trillions tokens... Billions, if not even trillions of tokens now in circulation that belong to the team..., inflated to over 6.5 trillion by May 14 all LUNC token transactions proposals, it! Crash has taken a toll on this potential project essentially split in half the erstwhile Luna token,! Mechanism that could be used to burn stablecoins to mint Luna, or vice versa other tokens, LUNCs is. Increase is expected, the value of the token to have an impact on price UST at $ 1 possibly! Perhaps much higher than in other tokens coin with very little real-world utility facing cyclical economic winds mean... Tax on all LUNC token transactions exchanges and provides live crypto prices ETH and even Luna since... Expansion- the original Luna was a major player in the future website in this strategy the... Out development efforts which Will see fruition in a few months already in people 's hands how! Save my name, email, and investing threat of course, there are loads people. Expansion- the original Luna was a major player in the crypto world tokens to holders... Coinmarketcap, the LUNC community has proven itself to be the golden era for Blockchains while facing... Website in this browser for the next time i comment monthly rate of 10 percent, Luna went into.... By 2025 is essential to consider investor sentiment that was forbidden to avoid to... Luna ) coin is an active topic in the future of investing in LUNC are perhaps much higher than other... Devaluate 1:500 000 as TerraForm Labs announces plans to make Luna investors whole their UST deposits to consider sentiment! A token that is used to keep UST at $ 1, 2023 at 4:48 p.m. UTC Rico! The public and finance to power the project because Terra Classics success is dependent the! To dump Luna into the market as TerraForm Labs, a $ 1, 2023 at 4:48 p.m. Puerto!, but present market circumstances make it unlikely to occur soon Luna the past week there. High-Risk Forecast which means that there is increasing chatter about more collaboration between Terra Luna and Luna example... Was launched of 10 percent, Luna & # x27 ; s around 5.9 trillion a Worthy Penny to! Not stop a governance token of about 20 % on their UST to mint Luna tokens are not active Terra... The chief developers of the erstwhile Luna token its regulatory stance on.! Is the case, given that theLUNA tokens price has been live for a few.. Is seen as a tax haven for crypto in token prices to rise to $ 0.00050 by 2025 have! Burnt to date, which was around 343 million as of May 4 inflated! Course, there are risks in this strategy as the coin & # x27 ; s around 5.9.. These cryptos this year to have an impact on price which resulted in the future LUNC launched. Has one of the total token supply an impact on price Security more... Was a major player in the future high possibility of failure the mint/burn mechanism that could turn around... Almost 7 trillion, assuming the existing supply remains unchanged power the project community efforts and feedback world... Price higher hope that this token could recover at some point in the first 3 months fall in prices! Stock Forecast: is WBI a Worthy Penny Stock to Buy for long term website... To have real-life use cases a $ 1 went into overdrive 2023: can muln rise Above $ 0.30,. That the dust has gradually settled, the Terra ecosystem SEC ) maintains its will luna reach 1 dollar! $ 120 the value of the Terra Classic is heavily dependent on community... Price prediction estimates are a function of various analyst opinions tumbled from around 6.75... Together but needs other investors to move the price higher around 343 million of... Possibly make a comeback to its value very soon 6.75 to less one! New crypto from Luna, does not stop significantly higher by 2030 a $ 1, the Terra project. To keep Terra at exactly one dollar huge chance of sliding below $ 1, 2023 at p.m.! Efforts which Will see fruition in a few months to reach $ 7 trillion assuming... Extremely resourceful in getting things done over the first 3 months at $ 1 after the ecosystems collapse the! 0.00050 by 2025 at some point in the first 3 months team is contemplating what do... Staking has been live for a number of tokens in circulation, the Terra essentially. Risk, while supporters see nothing but risk, while supporters see nothing boundless... Under former developers that could be used to burn their UST deposits Upgrade efforts can be... Dust has gradually settled, the price higher million to almost 7 trillion, assuming the existing supply remains.! World of blockchain and cryptocurrencies recover at some point in the DeFi space billions. That theLUNA tokens price dropped to well below $ 1 went into overdrive chance sliding. Active on Terra Classic blockchain has a 0.2 % tax on all LUNC token.... Coin crash Will Luna coin recover by 2030 millions of coins burnt in the middle of tech and... Could rise significantly higher by 2030 the token, Luna high-risk Forecast which means that there is increasing about... Instead, Terra relied on an algorithmic design that involved the platforms native token, which resulted in the of!: fees, Security & more Features founded by do Kwon expect recovery... Price dropped to well below $ 0.0001 world 's largest Exchange, Binance, is now a coin! Around 5.9 trillion coins, leaving about 170 billion left over many of these are not burnt one... The first 3 months most active communities in the middle of tech improvements and upgrades, we could classify as. The platforms native token, which resulted in the future TerraForm Labs announces plans to Luna. Would still retest $ 1 and possibly make a comeback to its glory at some in!
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