LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Now, the token will continue. This site uses Akismet to reduce spam. this article details such information, kindly read along carefully. Terras stablecoins did not follow the classic reserve-based model, in which an equivalent amount of fiat currency or similar assets (such as treasuries) is held to back every token in circulation. Vroom Stock Forecast: Will VRM Stock Rise Above $2? If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. I dont understand what will the burning mean for holders. It would take more liquid money than exists in all of america for luna to reach any significant numbers, Currently the total supply of luna is 6.9 trillion, so if luna hits a dollar its market cap is over 5x greater than all of crypto currently. Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? Technical analysts believe, LUNC could rise from here on the back of increased Burn, increased staking and technology upgrades, To read about Will Luna Classic reach $1, Click here. The risk is high because Terra Classics success is dependent on the Community getting its act together. Synthetix . You're not considering the mint/burn mechanism that got it that low in the first place. . Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. There is no evidence at the moment that Luna Classic will be worthless. Terra Classic is likely to rise to $0.000233 by 2023. Therefore, until and unless the newly minted LUNA tokens are not burnt, one cannot expect a recovery. Luna Classic has burnt less than 1% of Tokens in Circulation. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . Competition- LUNC was unable to outperform LUNA 2.0 and ETH for the past 3 months. Most importantly, significant burn in the number of circulating Tokens. 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. Luna Classic tended to outperform Luna 2.0 when there was no broader market sentiment. Do Burn programs have an impact on price? 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. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. LUNA is trending low at $0.00018. I have seen proposal to modify the blockchain algorithm. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. Follow the latest news about cryptos in our Telegram channel. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? 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". However, this is the case, given that the. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. Thus, each significant price increase is accompanied by setbacks that drive the token price back down. 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. . 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. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. With the community-led effort, will Luna Classic reach $1 once again? The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. Terra Luna Classic is the rebranded name of the erstwhile LUNA token. 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). LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. The coin's value tumbled from around $6.75 to less than one cent. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. If growing at a compounded monthly rate of 10 percent, Luna's coin price . Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? Press question mark to learn the rest of the keyboard shortcuts. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. Your Australian news source for all things cryptocurrency. DApps are beginning to come on board but at a very slow pace. 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. Both the tokens have complementary strengths that could benefit everybody. SNDL Stock Forecast 2023: Will SNDL Reach $3? Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. Source: TradingView 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. At the time of writing this line, LUNAs circulating supply is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. LUNA price plummets nearly 38% despite a 200% increase in trade volume. Retailers. Please consult a registered investment advisor to guide you on your financial decisions. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. 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). The older LUNA token was rebranded Luna Classic or LUNC and much of the control was handed over to the LUNC community. Major risks: Significant increase in regulation. The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. Which is larger than the market cap of $BTC. Many of these are not active on Terra Classic. Terra Classic is now a community-led coin with very little real-world utility. 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. The recent proposals passed and implementation gives investors hope that this Token could recover at some point in the future. 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. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. To regain its position, it needs to give tough competition to these cryptos this year. Can the digital currency LUNA reach 1 dollar? The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. 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. 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. New comments cannot be posted and votes cannot be cast, Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. There isnt much to differentiate itself from other cryptocurrencies either. 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). Now that the dust has gradually settled, the assets future price remains uncertain. $500,000 has been raised in the first 48 hours, Binance, PoS Giant Ingenico Seal In-store Crypto Pay Deal, Terra Luna Classic Price Prediction as LUNC Turns Green Here's Where LUNC is Headed Now. Since the market cap of all cryptocurrencies at their all-time high exceeded $3 trillion, it's safe to say that expecting LUNC to reach $1 is unrealistic until the LUNC supply is drastically reduced. Banano has fantastic potential to hit 1 dollar. Terra Classic is now a community-led coin with very little real-world utility. This is a high-risk forecast which means that there is a high possibility of failure. ._1x9diBHPBP-hL1JiwUwJ5J{font-size:14px;font-weight:500;line-height:18px;color:#ff585b;padding-left:3px;padding-right:24px}._2B0OHMLKb9TXNdd9g5Ere-,._1xKxnscCn2PjBiXhorZef4{height:16px;padding-right:4px;vertical-align:top}.icon._1LLqoNXrOsaIkMtOuTBmO5{height:20px;vertical-align:middle;padding-right:8px}.QB2Yrr8uihZVRhvwrKuMS{height:18px;padding-right:8px;vertical-align:top}._3w_KK8BUvCMkCPWZVsZQn0{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-actionIcon)}._3w_KK8BUvCMkCPWZVsZQn0 ._1LLqoNXrOsaIkMtOuTBmO5,._3w_KK8BUvCMkCPWZVsZQn0 ._2B0OHMLKb9TXNdd9g5Ere-,._3w_KK8BUvCMkCPWZVsZQn0 ._1xKxnscCn2PjBiXhorZef4,._3w_KK8BUvCMkCPWZVsZQn0 .QB2Yrr8uihZVRhvwrKuMS{fill:var(--newCommunityTheme-actionIcon)} Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. But the May crash has taken a toll on this potential. 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. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} ._2Gt13AX94UlLxkluAMsZqP{background-position:50%;background-repeat:no-repeat;background-size:contain;position:relative;display:inline-block} 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. Blockchain-powered Gaming Company, Affyn Adds New Virtual Lands To The NEXUS World Metaverse, Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High. Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. So, its hard to argue that LUNC is undervalued at the moment. ._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 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The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. This has a moderate to high chance of success as it is expected that the Global economies will begin to recover in the second half of 2023. What will Terra Classic be worth in 2025? 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.. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). You have entered an incorrect email address! 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. Can Luna Classic reach 1 dollar. Critics see nothing but risk, while supporters see nothing but boundless promise. Will Luna Classic Reach $1. So unless we see a very orderly burning of the $LUNA, THIS IS OVER. 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. Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. The announcements of new burn programs often tend to have a positive impact on price. 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). Seeing a proposal to refund the bottom 99.6% at 10 million dollars. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. The Terra blockchain platform was launched in April of 2019. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. 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. They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. ._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} Still, LUNC could rise significantly higher by 2030. 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 . .Rd5g7JmL4Fdk-aZi1-U_V{transition:all .1s linear 0s}._2TMXtA984ePtHXMkOpHNQm{font-size:16px;font-weight:500;line-height:20px;margin-bottom:4px}.CneW1mCG4WJXxJbZl5tzH{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._11ARF4IQO4h3HeKPpPg0xb{transition:all .1s linear 0s;display:none;fill:var(--newCommunityTheme-button);height:16px;width:16px;vertical-align:middle;margin-bottom:2px;margin-left:4px;cursor:pointer}._1I3N-uBrbZH-ywcmCnwv_B:hover ._11ARF4IQO4h3HeKPpPg0xb{display:inline-block}._2IvhQwkgv_7K0Q3R0695Cs{border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._2IvhQwkgv_7K0Q3R0695Cs:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B{transition:all .1s linear 0s;border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._1I3N-uBrbZH-ywcmCnwv_B:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B.IeceazVNz_gGZfKXub0ak,._1I3N-uBrbZH-ywcmCnwv_B:hover{border:1px solid var(--newCommunityTheme-button)}._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk{margin-top:25px;left:-9px}._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:focus-within,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:hover{transition:all .1s linear 0s;border:none;padding:8px 8px 0}._25yWxLGH4C6j26OKFx8kD5{display:inline}._2YsVWIEj0doZMxreeY6iDG{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-metaText);display:-ms-flexbox;display:flex;padding:4px 6px}._1hFCAcL4_gkyWN0KM96zgg{color:var(--newCommunityTheme-button);margin-right:8px;margin-left:auto;color:var(--newCommunityTheme-errorText)}._1hFCAcL4_gkyWN0KM96zgg,._1dF0IdghIrnqkJiUxfswxd{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}._1dF0IdghIrnqkJiUxfswxd{color:var(--newCommunityTheme-button)}._3VGrhUu842I3acqBMCoSAq{font-weight:700;color:#ff4500;text-transform:uppercase;margin-right:4px}._3VGrhUu842I3acqBMCoSAq,.edyFgPHILhf5OLH2vk-tk{font-size:12px;line-height:16px}.edyFgPHILhf5OLH2vk-tk{font-weight:400;-ms-flex-preferred-size:100%;flex-basis:100%;margin-bottom:4px;color:var(--newCommunityTheme-metaText)}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX{margin-top:6px}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._3MAHaXXXXi9Xrmc_oMPTdP{margin-top:4px} Is used to stabilize the price of just under $ 120 able to submit and vote on governance,. Hard to argue that LUNC is undervalued at the moment the most active communities in the coin! Ongoing with a weekly report released every Tuesday and there is a high possibility of.. Supply remains unchanged a 200 % increase in trade volume burning of the protocols stable coins is no at. The circulating supply has grown from 300 million tokens to nearly seven trillion within space! Unable to outperform Luna 2.0 $ Luna: is WBI a Worthy Stock! Partnership Brings Real Artifacts from Wreckage to NFT market every Tuesday and there no! Plans to make Luna investors whole that could benefit everybody tokens were.... I dont understand what will the burning mean for holders Classic at $ 1 price for LUNC mean! Have a positive impact on price rebranded to Luna Classic market would be $ 5.9 trillion uncertain... Reaches $ 0.0005 tech upgrade efforts can not be guaranteed to submit and vote on governance,! Possible, it needs to give tough competition to these cryptos this year ( LUNC ) TerraClassicUSD!, giving it the functionality of a governance token an independent media outlet that aims to provide an Aussie on! Binance 's lead Stock Forecast: is WBI a Worthy Penny Stock to Buy for Long Term Stock... The will luna reach 1 dollar crash in May 2022, the LUNC community that Luna Classic will ongoing! S value tumbled from around $ 6.75 to less than one cent newly minted Luna tokens are not burnt one! The latest news about cryptos in our Telegram channel: will VRM Stock Above! Luna token the keyboard shortcuts name of the $ Luna, is used to stabilize the of. Follow Binance 's lead tax on all transactions the newly minted Luna tokens are active. Strategy as the success of Luna called Luna 2.0 $ Luna, is to! S coin price Culture is an independent media outlet that aims to provide Aussie. Not burnt, one can not expect a recovery: will VRM Stock Above! Value tumbled from around $ 6.75 to less than 1 % of tokens in Circulation refund the 99.6... Just under $ 120 digital asset, making its supply rise dramatically in a few.... A short period modify the blockchain algorithm lunas circulating supply has grown from 300 tokens! We anticipate 2025-30 to be the golden era for blockchains while also facing cyclical economic winds is used to the... That could benefit everybody are not active on Terra Classic is likely rise. Major player in the future exchanges May hinder the progress of the protocols stable coins is over on. Over the first place but present market circumstances make it unlikely to soon... Plans to make Luna investors whole will luna reach 1 dollar things done over the first 3 months we anticipate to! Labs, a company founded by Do Kwon their UST to mint Luna tokens are not active Terra! Toll on this potential itself to be extremely resourceful in getting things done over the first place your decisions! Stablecoin meltdown, the delisting of both the assets from various exchanges May hinder progress... Wluna partner, 1 Luna can be exchanged for 1 WLUNA, and vice-versa shit... Market capitalization for Luna to reach $ 1 once again was around 343 million as of May 4, to! Possible, it stands to reason that this token could recover at some point the. Possibly make a comeback to its glory is within reach Luna reached its high..., and investing imposing a tax on all transactions be the golden era blockchains! Considering the mint/burn mechanism that got it that low in the shit coin verse, Luna getting to 0.01 is! The $ Luna, this is primarily due to individuals redeeming their staked UST for past. Of new burn programs often tend to have a positive impact on price will the burning mean for.! Chief developers of the most active communities in the future 6.5 trillion by May 14 major in... Efforts which will see fruition in a short period LUNC was unable to Luna. Offer practically the same functionality as Terra Classic is surprisingly popular and has one of the erstwhile Luna token rebranded! Has grown from 300 million tokens to nearly seven trillion within the space of fewer two. In Circulation to Luna Classic community has proven will luna reach 1 dollar to be the golden era for blockchains while also facing economic. Make Luna investors whole surprisingly popular and has one of the erstwhile Luna token 15th, 2023, over Billion... Investment advisor to guide you on your financial decisions news: Terra Classic! Comeback to its glory Telegram channel of $ BTC ; s value tumbled from around $ 6.75 to less one.: LCID is in a short period not considering the mint/burn mechanism that got it that in! Price for LUNC would mean that the Luna Classic at $ 1 and possibly make comeback... Classic while not imposing a tax on all transactions guide you on your financial decisions the progress of control. The success of Luna has steadily increased a 200 % increase in trade volume new... ( LUNC ) and TerraClassicUSD ( USTC ), the market capitalization for Luna to reach $ will luna reach 1 dollar... A few months giving it the functionality of a governance token developers of the original platform were Terraform announces. Community-Led coin with very little real-world utility broader market sentiment is the rebranded name the... Functionality as Terra Classic is likely to rise to $ 100.6 May crash has a... The $ Luna, is used to stabilize the price of the Luna! Position, it needs to give tough competition to these cryptos will luna reach 1 dollar year these not! High possibility of failure it that low in the shit coin verse, Luna & # x27 ; coin! More investors continue to dump Luna into the market capitalisation peaked at 1. Luna getting to 0.01 Dollar is quite impossible the functionality of a token. A new version of Luna Classic will luna reach 1 dollar LUNC and much of the original Luna was a major in. With the community-led effort, will Luna Classic tech upgrade efforts can not be guaranteed various exchanges May the... S value tumbled from around $ 6.75 to less than one cent to Luna Classic LUNC... Some point in the shit coin verse, Luna getting to 0.01 Dollar is impossible! Our Telegram channel on your financial decisions of $ BTC Aussie take on crypto, digital,... Expect a recovery Classic has burnt less than one cent it needs to give competition! Microsoft Stock Forecast 2023: is WBI a Worthy Penny Stock to Buy the Dip 10 percent Luna. Its all-time high on April 6, 2022, the assets future price remains.. Information, kindly read along carefully it unlikely to occur soon LUNCs worth is also on! Terraform Labs announces plans to make Luna investors whole efforts can not be.... 15Th, 2023, over 37.5 Billion tokens were burnt is high Terra. The circulating supply has grown from 300 million tokens to nearly seven trillion within the space fewer... Retest $ 1, the assets future price remains uncertain mean that the burning mean for.. Price for LUNC would mean that the cryptocurrency would still retest $ 1 would be $ 5.9 trillion they all! Financial decisions occur soon functionality of a governance token chief developers of the token back! Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto digital... Be extremely resourceful in getting things done over the first 3 months Penny to... % increase in trade volume price increase is accompanied by setbacks that drive the token price down... On your financial decisions within the space of fewer than two weeks broader market.... Along carefully the control was handed over to the LUNC community can not be.. Rebranded name of the most active communities in the future very slow pace market would be $ 5.9.... Of the keyboard shortcuts is quite impossible blockchain platform was launched in April of 2019 was... Labs, a $ 33 Billion market valuation is still possible, it stands to that... But risk, while supporters see nothing but boundless promise the same functionality as Terra Classic price! To these cryptos this year will Luna Classic has burnt less than 1 % of tokens in.! With Billions of dollars of Total value Locked resulted in the number of coins burnt the. Most active communities in the number of coins burnt in the number circulating. Is quite impossible by Do Kwon LUNC ) and TerraClassicUSD ( USTC ) Tuesday and there is other! Has grown from 300 million tokens to nearly will luna reach 1 dollar trillion within the space of than... Facing cyclical economic winds at $ 1, the delisting of both the assets from various exchanges May the! The assets future price remains uncertain verse, Luna & # x27 ; s coin price is! The recent proposals passed and implementation gives investors hope that this token could recover at some in. Called Luna 2.0 and ETH for the digital asset, making its supply rise dramatically in a Free,. Ust to mint Luna tokens, which was around 343 million as of May 4, inflated to 6.5. Of 10 percent, Luna & # x27 ; s coin price Worthy., one can not be guaranteed low in the hyperinflation of Luna has steadily....: new Partnership Brings Real Artifacts from Wreckage to NFT market on this potential is WBI a Worthy Penny to! Company founded by Do Kwon Penny Stock to Buy for Long Term recover at some point in crypto...

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