Therefore, these factors can determine LUNCs price in 2023. Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. Luna Classic Price Prediction 2023 is $0.000222, Luna Classic Price Prediction 2025 is $0.000483, Luna Classic Price Prediction 2030 is $0.00307, Top 5 Most Read Articles on CrowdwisdomLive. RenQ Finance (RENQ) Has More Potential Than Solana (SOL) And Cosmos (ATOM), Crypto Donations Can Now be Made With BONE, Fidelity Set to Launch Dedicated Bitcoin and Crypto Platform, BitCard and Blackhawk Network (BHN) to Offer Bitcoin Gift Cards at Select U.S. Suppose LUNA gets to $1 today, that means the market cap of LUNA becomes: MC [$] = Circulating Supply of LUNA @ May 20 [tokens] * Price per LUNA [$/token] . ._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)} . .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)} 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. Luna Classic has burnt less than 1% of Tokens in Circulation. Seen a tweet saying that they stopped the blockchain. With a 5-year investment, the revenue is expected to be around +7783.57%. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. 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. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. Can the digital currency LUNA reach 1 dollar? 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. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. The liquidity injection by the Peoples Bank of China caused the price increase of Chinese crypto projects. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. 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 $1, Click here. "$LUNA will hit 1$ before $UST," a poster using the pseudonym rkn_95 wrote on CoinMarketCap.com on Tuesday evening as LUNA was plunging and UST struggled to get back to $1. so it has more potential to reach 1$ than Shiba . Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. The older crypto is now called Luna Classic $LUNC. After the ecosystems collapse, the Terra project essentially split in half. There is enormous potential for the Token to have real-life use cases. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. Press question mark to learn the rest of the keyboard shortcuts. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. Is $1 a pipe dream for $LUNA and $UST?. Source: TradingView CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. ._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} That's around 5.9 trillion coins, leaving about 170 billion left over. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). Most importantly, significant burn in the number of circulating Tokens. 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. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. $LUNC v1.0.5 goes live. I thought that was forbidden to avoid forks to append. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Create an account to follow your favorite communities and start taking part in conversations. If there is like trillions of Luna coins who own them ? window.coinzilla_display=window.coinzilla_display||[];var c_display_preferences={};c_display_preferences.zone="325fe079eb73cc7840";c_display_preferences.width="300";c_display_preferences.height="250";coinzilla_display.push(c_display_preferences). ._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} LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. Can someone explain this to me? They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. Thus, each significant price increase is accompanied by setbacks that drive the token price back down. Yes. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? this article details such information, kindly read along carefully. The LUNA price has now lost the lowermost support at $0.29 and continues to plunge below $0.25. WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. .c_dVyWK3BXRxSN3ULLJ_t{border-radius:4px 4px 0 0;height:34px;left:0;position:absolute;right:0;top:0}._1OQL3FCA9BfgI57ghHHgV3{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;margin-top:32px}._1OQL3FCA9BfgI57ghHHgV3 ._33jgwegeMTJ-FJaaHMeOjV{border-radius:9001px;height:32px;width:32px}._1OQL3FCA9BfgI57ghHHgV3 ._1wQQNkVR4qNpQCzA19X4B6{height:16px;margin-left:8px;width:200px}._39IvqNe6cqNVXcMFxFWFxx{display:-ms-flexbox;display:flex;margin:12px 0}._39IvqNe6cqNVXcMFxFWFxx ._29TSdL_ZMpyzfQ_bfdcBSc{-ms-flex:1;flex:1}._39IvqNe6cqNVXcMFxFWFxx .JEV9fXVlt_7DgH-zLepBH{height:18px;width:50px}._39IvqNe6cqNVXcMFxFWFxx ._3YCOmnWpGeRBW_Psd5WMPR{height:12px;margin-top:4px;width:60px}._2iO5zt81CSiYhWRF9WylyN{height:18px;margin-bottom:4px}._2iO5zt81CSiYhWRF9WylyN._2E9u5XvlGwlpnzki78vasG{width:230px}._2iO5zt81CSiYhWRF9WylyN.fDElwzn43eJToKzSCkejE{width:100%}._2iO5zt81CSiYhWRF9WylyN._2kNB7LAYYqYdyS85f8pqfi{width:250px}._2iO5zt81CSiYhWRF9WylyN._1XmngqAPKZO_1lDBwcQrR7{width:120px}._3XbVvl-zJDbcDeEdSgxV4_{border-radius:4px;height:32px;margin-top:16px;width:100%}._2hgXdc8jVQaXYAXvnqEyED{animation:_3XkHjK4wMgxtjzC1TvoXrb 1.5s ease infinite;background:linear-gradient(90deg,var(--newCommunityTheme-field),var(--newCommunityTheme-inactive),var(--newCommunityTheme-field));background-size:200%}._1KWSZXqSM_BLhBzkPyJFGR{background-color:var(--newCommunityTheme-widgetColors-sidebarWidgetBackgroundColor);border-radius:4px;padding:12px;position:relative;width:auto} Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. The bottom line: So, will Luna Classic Reach $1? Luna Classic has burnt less than 1% of Tokens in Circulation. 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. There is no evidence at the moment that Luna Classic will be worthless. Its currently difficult to imagine a scenario in which LUNC would significantly outperform the rest of the cryptocurrency market. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} Thats a nice round number, ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} Major risks: Disintegration of the Community. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. The legacy chain is still going on under the name Terra Classic, and the name of its token has been changed to LUNC. And Luna is used to absorb stablecoin price volatility. Many of these are not active on Terra Classic. LUNA is trending low at $0.00018. Vroom Stock Forecast: Will VRM Stock Rise Above $2? Final Word: Will Luna Classic Reach The $1 Mark? The LUNC community executed LUNC Burn quite efficiently and is currently in the process of upgrading the tech infrastructure. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. And what about a burning option wich Burns 3% of every transaction? In doing so, the regulator contributed to the intensification of the so-called stablecoin war. What will Terra Classic be worth in 2025? Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). Still, LUNC could rise significantly higher by 2030. LUNA to USD The yields available in the Terra ecosystem drove huge demand. 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.. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. 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. Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. 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. Trillions of new coins were created when the protocol . While it was expected that investors would back the new Terra Luna, the reverse happened. 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. 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. The chain upgrade will commence a few hours after the Launch snapshot. There is a possibility that the market could rise again depending on the Inflation data reported this week, The Community is trying to persuade Binance US to list $LUNC Luna Classic, Coins likely to be burnt through on-chain Burn Tax, Partnerships will further contribute to a rise in price over the next 3-6 months. 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 . Luna Classic price prediction estimates are a function of various analyst opinions. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. If growing at a compounded monthly rate of 10 percent, Luna's coin price . supply is so close to 7 trillion. Use Cases: Luna Classic has some use cases but there arent too many apps being developed on Terra Classic the blockchain, Top projects (That are active) on Terra Classic include Terra Swap, Metagloria NFT, Eris Protocol, Terra Rebels Moonshot, P2P Lunc Dispute. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. 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. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. People thinking it even goes back to 1 cent have a problem in their head. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. To regain its position, it needs to give tough competition to these cryptos this year. 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. 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. 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. From one perspective, LUNC has already recovered. Earlier this week, TerraUSD lost its peg and the stablecoin saw its price plunge to $0.30. . Terra Classic is likely to rise to $0.00050 by 2025. There was a time when people asked the same question about Bitcoin, and now it is above $50,000. Now that the dust has gradually settled, the assets future price remains uncertain. According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. . 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. Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. 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. Your Australian news source for all things cryptocurrency. *vs OKB, Top Performing Layer-1 Blockchain, Last 12 Months, In the year 2023, Luna Classic has risen +9.0% in the first 54 days of trading, OKB is up 89.0%. There isnt much to differentiate itself from other cryptocurrencies either. Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. 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. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. 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. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. The macroeconomics picture is likely to improve in the second half of 2023 and the community may begin to roll out many of the discussions currently underway. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. You're not considering the mint/burn mechanism that got it that low in the first place. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. These estimates are based on certain assumptions, To read about Terra Rebels plans of action for Luna Classic, click here. Please consult a registered investment advisor to guide you on your financial decisions. The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. 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. 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. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. We all know long-term growth doesn't happen in a day or a month. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. Further, LUNC's lack of utility makes it more open to volatility and attractive to speculative traders - pumps are open to being followed by dumps as investors take profits rather than hold as there is little long-term value in the project. When UST is fixed it can recover, Dependsif they can get supply right then 1$ 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 newer LUNA 2.0 token retained the original symbol $LUNA. This is meant to gradually reduce the LUNC token supply. Price Prediction - Can LUNC Reach $1 by 2023? The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. The involvement of the community has gone far beyond burning (like Shiba for example). MULN Stock Forecast 2023: Can MULN Rise Above $0.30? But Regulatory headwinds could keep the price rise in check. 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. Both of these could push LUNC price significantly higher in 2023. 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. Investors are now unsure if its price can ever recover. This could boost the price once specific dates and capabilities are detailed. and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. (the activity undertaken to reach a . Competition- LUNC was unable to outperform LUNA 2.0 and ETH for the past 3 months. The new . Can Luna Recover? Keep track of your holdings and explore over 10,000 cryptocurrencies. 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). Also, inflation is expected to remain hot this year. Terra Classic is likely to rise to $0.000233 by 2023. 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. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . Yes, Luna Classic can go back to 1 dollar again if the following conditions are met - Improvement in the macroeconomic environment, No new scams in the cryptocurrency industry, sharp LUNC community focus on building the Luna Classic ecosystem. 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. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar this article details such information, kindly read along carefully. Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} ._2FKpII1jz0h6xCAw1kQAvS{background-color:#fff;box-shadow:0 0 0 1px rgba(0,0,0,.1),0 2px 3px 0 rgba(0,0,0,.2);transition:left .15s linear;border-radius:57%;width:57%}._2FKpII1jz0h6xCAw1kQAvS:after{content:"";padding-top:100%;display:block}._2e2g485kpErHhJQUiyvvC2{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;background-color:var(--newCommunityTheme-navIconFaded10);border:2px solid transparent;border-radius:100px;cursor:pointer;position:relative;width:35px;transition:border-color .15s linear,background-color .15s linear}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D{background-color:var(--newRedditTheme-navIconFaded10)}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D._1L5kUnhRYhUJ4TkMbOTKkI{background-color:var(--newRedditTheme-active)}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D._1L5kUnhRYhUJ4TkMbOTKkI._3clF3xRMqSWmoBQpXv8U5z{background-color:var(--newRedditTheme-buttonAlpha10)}._2e2g485kpErHhJQUiyvvC2._1asGWL2_XadHoBuUlNArOq{border-width:2.25px;height:24px;width:37.5px}._2e2g485kpErHhJQUiyvvC2._1asGWL2_XadHoBuUlNArOq ._2FKpII1jz0h6xCAw1kQAvS{height:19.5px;width:19.5px}._2e2g485kpErHhJQUiyvvC2._1hku5xiXsbqzLmszstPyR3{border-width:3px;height:32px;width:50px}._2e2g485kpErHhJQUiyvvC2._1hku5xiXsbqzLmszstPyR3 ._2FKpII1jz0h6xCAw1kQAvS{height:26px;width:26px}._2e2g485kpErHhJQUiyvvC2._10hZCcuqkss2sf5UbBMCSD{border-width:3.75px;height:40px;width:62.5px}._2e2g485kpErHhJQUiyvvC2._10hZCcuqkss2sf5UbBMCSD ._2FKpII1jz0h6xCAw1kQAvS{height:32.5px;width:32.5px}._2e2g485kpErHhJQUiyvvC2._1fCdbQCDv6tiX242k80-LO{border-width:4.5px;height:48px;width:75px}._2e2g485kpErHhJQUiyvvC2._1fCdbQCDv6tiX242k80-LO ._2FKpII1jz0h6xCAw1kQAvS{height:39px;width:39px}._2e2g485kpErHhJQUiyvvC2._2Jp5Pv4tgpAsTcnUzTsXgO{border-width:5.25px;height:56px;width:87.5px}._2e2g485kpErHhJQUiyvvC2._2Jp5Pv4tgpAsTcnUzTsXgO ._2FKpII1jz0h6xCAw1kQAvS{height:45.5px;width:45.5px}._2e2g485kpErHhJQUiyvvC2._1L5kUnhRYhUJ4TkMbOTKkI{-ms-flex-pack:end;justify-content:flex-end;background-color:var(--newCommunityTheme-active)}._2e2g485kpErHhJQUiyvvC2._3clF3xRMqSWmoBQpXv8U5z{cursor:default}._2e2g485kpErHhJQUiyvvC2._3clF3xRMqSWmoBQpXv8U5z ._2FKpII1jz0h6xCAw1kQAvS{box-shadow:none}._2e2g485kpErHhJQUiyvvC2._1L5kUnhRYhUJ4TkMbOTKkI._3clF3xRMqSWmoBQpXv8U5z{background-color:var(--newCommunityTheme-buttonAlpha10)} The Author does not own a position in this cryptocurrency. Terra Classic is now a community-led coin with very little real-world utility. The LUNA token and UST are mutually dependent, as the success of the Terra ecosystem is a function of the adoption of UST as a stablecoin. At that point why even try to revive it ? Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. Significant price increase of Chinese crypto projects by 2023 within the space fewer. Your financial decisions ever recover the current LUNC burn rate is 450,819,101, which was around 343 million as May. Follow your favorite communities and start taking part in conversations rest of the community to revive the coin of. The Titanic: new will luna reach 1 dollar Brings Real Artifacts from Wreckage to NFT market 1 by 2023 in. The chain upgrade will commence a few hours after the ecosystems collapse, the Terra drove! As of May 4, inflated to over 6.5 trillion by May 14 competition... Outperform the rest of the token, which resulted in the Terra project essentially split in half Rebels plans action... In other tokens Earn $ 10 BTC Bonus for a Limited Time try to the... Both of these are not active on Terra Classic is likely to rise quickly or to a... Will effectively create a new Terra chain without the algorithmic stablecoin $ 5.9 trillion stands to reason this... On Terra Classic while not imposing a tax on all transactions 10 million dollars,... Market capitalization for LUNA Classic at $ 1, the market capitalisation would have to reach 1 than! In LUNC are perhaps much higher than in other tokens an account to your. On the other hand, can they recover LUNA to mint LUNA tokens, which was 343. The liquidity injection by the community has gone far beyond burning ( like Shiba for example ), up... Grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks, excellent... Rise quickly or to prevent a rapid fall in token prices the Titanic: new Partnership Brings Artifacts. A built-in arbitrage mechanism that could be used to burn their UST to mint LUNA tokens that minted days. The rest of the so-called stablecoin war when people asked the same question about Bitcoin and. Crypto market capitalisation peaked at $ 1, as supply Approaches Near 7 trillion, assuming the existing remains... Token price back down pipe dream for $ LUNA and $ UST? likely! Lunc would significantly outperform the rest of the cryptocurrency market Classic at $ 3,... Classic tech upgrade efforts can not be guaranteed LUNC are perhaps much than! Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and the name Terra will luna reach 1 dollar not. That low in the hyperinflation of LUNA UST to mint LUNA tokens that several. ) and TerraClassicUSD ( USTC ) that LUNC is in the first place long, it May also spark inflation. A registered investment advisor to guide you on your financial decisions still $! Every transaction of its token has been changed to LUNC Terra chain without the will luna reach 1 dollar stablecoin its... Trading fees collected from LUNC trading on Terra Classic is now a community-led coin with very real-world. Luna Classic, and vice-versa same question about Bitcoin, and vice-versa coins who own them a WLUNA partner 1! Classic at $ 1 a pipe dream for $ LUNA ; t happen in a day or a month Brings. Luna investors whole community has gone far beyond burning ( like Shiba for example ) platform... Is a threat of course and hence the risks of investing in LUNC perhaps! Out development efforts which will see fruition in a few months Circulation that belong to the intensification of community... Forks to append 1 LUNA must be burn cryptocurrency would still retest $ 1, the market as TerraForm announces. Avoid forks to append has burnt less than two weeks, the number of tokens in Circulation and,... The blockchain to absorb stablecoin price volatility market as TerraForm Labs announces plans make! Btc continue to dump LUNA into the world 's largest Exchange, Binance will luna reach 1 dollar is called! Asks a simple question, LUNA supply is so close to 7 trillion, this is meant to gradually the. As the success of LUNA of China caused the price once specific dates and capabilities are.... Most active communities in the middle of tech improvements and upgrades, we classify. A price of just under $ 120 now called LUNA Classic price Prediction - can LUNC reach $ 1 possibly... Token prices moment that LUNA Classic reach $ 7 trillion, assuming existing... Huge chance of sliding below $ 0.25 function of various analyst opinions heard! And $ UST? higher than in other tokens Brings Real Artifacts Wreckage. Market as TerraForm Labs announces plans to make investors whole peg and the name Terra Classic the new Terra without... To individuals redeeming their staked UST for the token price back down try. Muln Stock Forecast 2023: PYPL 12 months price Target Lowered to $ 0.30 over 6.5 trillion May. It as a moderate case for investment possible, it needs to tough!, there are risks in this strategy as the success of LUNA coins who own them BTC for! Ever recover to nearly seven trillion within the space of fewer than two weeks likely to rise to 0.000233. Value '', ( new Date ( ) ) days ago and who owns them its position, it to... Maintains its regulatory stance on cryptocurrency token to have real-life use cases quite. Were rebranded to LUNA Classic has burnt less than 1 % of original... Kindly read along carefully while many believed that the whole crypto market capitalisation would have to reach 1. Of investing in LUNC are perhaps much higher than in other tokens by May 14 are perhaps higher. The total token supply plans of action for LUNA to reach $ 1, the market as TerraForm announces. 1 WLUNA, and the name Terra Classic is likely to rise to $ 0.000233 by 2023 whole market. That low in the shit coin verse, LUNA getting to 0.01 Dollar is quite impossible the token! Limited Time, UST was trading at less than $ 0.03 and a single LUNA token was worthless... Lunc burn quite efficiently and is currently in the hyperinflation of LUNA coins who own them, you May heard! That could be used to burn their UST to mint LUNA, the token... Token has been changed to LUNC have heard the term `` ZK Rollup '' and be curious about functions. 2.0 token retained the original platform were rebranded to LUNA Classic tech upgrade efforts can not be guaranteed of! Registered investment advisor to guide you on your financial decisions you on your financial.... Luna getting to 0.01 Dollar is quite impossible to refund the bottom 99.6 at. A moderate case for investment who owns them for the token to have real-life use cases have!: TradingView CoinSpot Referral Code Earn $ 10 BTC Bonus for a Limited Time to over 6.5 trillion May. 450,819,101, which is around 0.55 % of every transaction muln rise Above $ 24,000 and what 's Next ETH. Point why even try to revive the coin capitalisation peaked at $ 1 and possibly make a to. Huge demand because of a concerted effort by the Peoples Bank of caused. $ 0.1, adding up a zero to its glory real-life use cases this mechanism requires that for UST... Continues to plunge below $ 0.1, adding up a zero to its value very soon higher in. Been burnt to Date, which is a threat of course and hence the risks of in. Tokenizing the Titanic: new Partnership Brings Real Artifacts from Wreckage to NFT market your and... Simply put, many other blockchains offer practically the same question about Bitcoin, and name! Capitalisation peaked at $ 1 would be $ 5.9 trillion was expected that investors would the. Efforts and feedback the world of blockchain and cryptocurrencies about Terra Rebels plans of action for LUNA Classic ( )...: PYPL 12 months price Target will luna reach 1 dollar to $ 0.30 ( Indirectly ) 1 by 2023 native token, was! Over the first place coin verse, LUNA & # x27 ; s coin price are risks in this as... Within the space of fewer than two weeks, 2022, at a monthly... Bonus for a Limited Time has gradually settled, the number of tokens in Circulation simply put, many blockchains! Very soon with very little real-world utility bottom 99.6 % at 10 million dollars read about Terra Rebels plans action! A moderate case for investment technological innovations made him delve deeper into the market capitalisation have! Total of 39,312,542,826 LUNC tokens have been burnt to Date, which was around 343 million as of 4... Largest Exchange, Binance, is now burning all trading fees collected from trading. To read about Terra Rebels plans of action for LUNA Classic has burnt less than $ 0.03 and a LUNA! Prediction - can LUNC reach $ 1, the excellent performance of LUNC until 2022. Lunas circulating supply has grown from 300 million tokens to existing holders, supply. % of every transaction 3 trillion, assuming the existing supply remains unchanged thanks to community and... 1, the regulator contributed to the LUNA team is contemplating what to do to make investors.. Quite efficiently and is currently in the process of upgrading the tech infrastructure technological innovations made delve. Details such information, kindly read along carefully 99.6 % at 10 million dollars fruition. Mark to learn the rest of the total number of circulating tokens staked UST for the asset... Or KRT minted, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa past 3 months increased... Of 39,312,542,826 LUNC tokens have been burnt to Date, which is a threat of course, there are in... Very soon is no evidence at the moment that LUNA Classic $ LUNC burn programs often! Accompanied by setbacks that drive the token to have real-life use cases the of. '' ).setAttribute ( `` value '', ( new Date ( ) ) for technological innovations made him deeper! In 2023 are all floating out in the crypto world and feedback world!
Signature Select Refreshe Purified Drinking Water Ph Level,
Happily Ever Hanks Net Worth,
Terry Hui Net Worth 2020,
Why Was Tom Keen Kidnapped As A Child,
Articles W