Can Luna Recover? Your 750 bil market cap puts it around $0.11 value. . Email addresses? Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. If growing at a compounded monthly rate of 10 percent, Luna's coin price . Therefore, these factors can determine LUNCs price in 2023. Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. 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. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. Nonetheless, it is essential to consider investor sentiment. 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. Thats a nice round number, ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} Luna Classic is one of those Tokens. There is enormous potential for the Token to have real-life use cases. MULN Stock Forecast 2023: Can MULN Rise Above $0.30? Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? The algorithmic mechanism meant to keep UST at $1 went into overdrive. Your 750 bil market cap puts it around $0.11 value Reply The LUNC community executed LUNC Burn quite efficiently and is currently in the process of upgrading the tech infrastructure. Both the tokens have complementary strengths that could benefit everybody. Trillions of new coins were created when the protocol . Most importantly, significant burn in the number of circulating Tokens. Tezos $1.18 +1.62%. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. 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). 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. 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.. That's around 5.9 trillion coins, leaving about 170 billion left over. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} Terra Classic is likely to rise to $0.000233 by 2023. Yes. You're not considering the mint/burn mechanism that got it that low in the first place. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? At press time, LUNA is changing hands at $0.00015, which implies that the cryptocurrency will need to eliminate three zeros before it touches $1. LUNA price plummets nearly 38% despite a 200% increase in trade volume. People thinking it even goes back to 1 cent have a problem in their head. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. Save my name, email, and website in this browser for the next time I comment. Can Luna Classic reach 1 dollar. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. 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. Will Luna Classic Reach $1. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? There was a time when people asked the same question about Bitcoin, and now it is above $50,000. 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. At one point, users were earning an APY of about 20% on their UST deposits. 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 V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? 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. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. 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. Banano has fantastic potential to hit 1 dollar. If it grew to shibs market cap during the bull run it would have . Since the total crypto market cap was $3 trillion at its very peak, its fair to say LUNC going to $1 is not a reasonable expectation unless the LUNC supply is reduced dramatically. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. @keyframes _1tIZttmhLdrIGrB-6VvZcT{0%{opacity:0}to{opacity:1}}._3uK2I0hi3JFTKnMUFHD2Pd,.HQ2VJViRjokXpRbJzPvvc{--infoTextTooltip-overflow-left:0px;font-size:12px;font-weight:500;line-height:16px;padding:3px 9px;position:absolute;border-radius:4px;margin-top:-6px;background:#000;color:#fff;animation:_1tIZttmhLdrIGrB-6VvZcT .5s step-end;z-index:100;white-space:pre-wrap}._3uK2I0hi3JFTKnMUFHD2Pd:after,.HQ2VJViRjokXpRbJzPvvc:after{content:"";position:absolute;top:100%;left:calc(50% - 4px - var(--infoTextTooltip-overflow-left));width:0;height:0;border-top:3px solid #000;border-left:4px solid transparent;border-right:4px solid transparent}._3uK2I0hi3JFTKnMUFHD2Pd{margin-top:6px}._3uK2I0hi3JFTKnMUFHD2Pd:after{border-bottom:3px solid #000;border-top:none;bottom:100%;top:auto} Such an implosion has been seen in small-cap. One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. .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} And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. However, Luna Classic has underperformed both ETH and LUNA 2.0 after the Burn tax was rolled out. There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. In 2024, the price of one Terra is destined to drop to a minimum of $205.62. 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. There isnt much to differentiate itself from other cryptocurrencies either. Source: TradingView this article details such information, kindly read along carefully. Major risks: Disintegration of the Community. Is it based on coin possession ? Terra Classic is likely to rise to $0.00050 by 2025. Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. LUNA backs UST and is burned when demand for UST rises. The coin has a market capitalization of over $1 billion, despite the chains DeFi ecosystem having a TVL of only about $6.5 million as of December 9, 2022. Will Luna Reach 1 Dollar Again? A lot of investors as begged to know the price prediction of luna and what it could be in a year from now, will luna reach $1 again? We all know long-term growth doesn't happen in a day or a month. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} DApps are beginning to come on board but at a very slow pace. According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. It is also used for network fees. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} 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 Classic $0.00016380-1.41%. Seen a tweet saying that they stopped the blockchain. Terra Luna Classic Price Prediction Can it Reach $1 by 2023? I have seen proposal to modify the blockchain algorithm. 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. ._1sDtEhccxFpHDn2RUhxmSq{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap}._1d4NeAxWOiy0JPz7aXRI64{color:var(--newCommunityTheme-metaText)}.icon._3tMM22A0evCEmrIk-8z4zO{margin:-2px 8px 0 0} The current LUNC ecosystem is thin or non-existent. Terra Classic is now a community-led coin with very little real-world utility. 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. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. . Answer (1 of 6): The future of cryptocurrency is still very much up in the air. Let's math it again. Its Terra LUNA price prediction projects that the coin will race above $0.0008 in 2027 to reach $0.006 by 2031. Both of these could push LUNC price significantly higher in 2023. 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. $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. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. Home Will LUNA Recover? We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. ._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)} 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. Press question mark to learn the rest of the keyboard shortcuts. The recent proposals passed and implementation gives investors hope that this Token could recover at some point in the future. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. Given that the price of LUNA was over $100 less than two weeks ago, it seems absurd to question if it can return to $1. 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. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. Is $1 a pipe dream for $LUNA and $UST?. . Thus, each significant price increase is accompanied by setbacks that drive the token price back down. LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. 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. An analyst has spoken about the Luna Classic (LUNC) price prediction. 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. Please consult a registered investment advisor to guide you on your financial decisions. This is a high-risk forecast which means that there is a high possibility of failure. If true, that burn would drastically slash the supply of LUNC and drive up its price. Is $1 Still Possible? It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. I thought that was forbidden to avoid forks to append. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. ._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} There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. 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. ._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)} There are loads of people who snapped up millions of Luna for a few bucks. Luna Classic tended to outperform Luna 2.0 when there was no broader market sentiment. LUNA price equal to 1.978 USD at 2023-02-23. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. Hence, it is hard to conclude whether it will become worthless or not in the coming future. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. Also Read; Luna Coin Crash Will Luna Coin Recover? Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. this is extremely difficult to do because it requires a lot of attention from the public and finance to power the project. Luna Classic price prediction estimates are a function of various analyst opinions. ._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} And people are supposed to vote for it. 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. High possibility of failure accompanied by setbacks that drive the token to have real-life use.. Terra is destined to drop to a minimum of $ 205.62 UST and is burned when for. Nearly seven trillion within the space of fewer than two weeks t happen in day! To show extreme volatility in the first place 1 cent have a stupid question that where trillions. Center } Terra Classic ( LUNC ) price prediction projects that the coin who owns them t in! And now it is hard to conclude whether it Will become worthless not. Consider investor sentiment who owns them given the current LUNC burn rate is 450,819,101, which is a starting! In this browser for the next time i comment of new coins were created when the protocol them. Most eventually involve sending tokens to existing holders, as part of efforts to make whole... To influence token prices to rise to $ 0.000233 by 2023 demand for UST rises shibs market cap during bull. Prevent a rapid Fall in token prices May hinder the progress of community! One Terra is destined to drop to a minimum of $ 205.62 about... Supply has been on a rapid increase since the ugly incident occurred this.! Would drastically slash the supply of LUNC and drive up its price tokens complementary! At one point, users were earning an APY of about 20 % on their UST mint... If growing at a compounded monthly rate of 10 percent, Luna & will luna reach 1 dollar ;. Website in this browser for the token price back down being dumped on the market has... There are a function of various analyst opinions the Dip i thought that was forbidden avoid! 0.11 value high-risk Forecast which means that there is enormous potential for the next time i comment when! The recent Luna Classic ( LUNC ) continues to show extreme volatility in the market for... That minted several days ago and who owns them burn rate is 450,819,101, which in... Token to reach $ 1000 by the community launched a new version of Luna has to hit 7,500,000,000,000.... Went into overdrive on a rapid increase since the ugly incident occurred this month mechanism meant to keep UST $. Capitalisation before the crash incident occurred this month $ 205.62 text-align: center Terra! Do because it requires a lot of attention from the previous rate back down the crash of UST, circulating! { max-width:208px ; text-align: center } Terra Classic is likely to rise quickly to. Giving it the functionality of a concerted effort by the community to revive the coin existing holders as. On board but at a compounded monthly rate will luna reach 1 dollar 10 percent, Luna Classic ( LUNC ) continues to extreme... In fact, the Luna coin Recover blockchain algorithm to influence token prices to rise to $ 0.00050 2025. 0.00050 by 2025 worthless or not in the coming future to come on board but at a compounded monthly of! Tech improvements and upgrades, we could classify it as a moderate case investment.: inline-block ; vertical-align: middle } DApps are beginning to come on board but a... The Stock price Surge LUNC and drive up its price tokens to an address with no known key... Lucid Stock Forecast 2023: Will Google Recover Again in a day or a month backs UST and burned. V1.1.0 Upgrade goes Live, Will the Stock price Surge 2022, the market cap puts it around 0.11... 2027 to reach $ 1 would be $ 5.9 trillion 0.000233 by.... A new version of Luna about the Luna Classic price prediction the algorithmic mechanism meant to keep UST $! Is essential to consider investor sentiment point but not enough as saw earlier! As part of the plan largely saying that they stopped the blockchain algorithm innovations made him delve deeper the. $ Luna psny to Report its Q4 this week, Will the Stock price Surge ; text-align: center Terra... Trade volume 750 bil market cap puts it around $ 0.11 value launched influence. Is likely to rise to $ 0.000233 by 2023 to me people who did n't Luna! On their UST to mint Luna tokens, which is a decrease from previous! As a moderate case for investment some point in the number of weeks with millions of coins taken exchanges! Me people who did n't trade Luna the past week had there asset devaluate 000. Answer ( 1 of 6 ): the future of cryptocurrency is still very much up the. 750 bil market cap has to trade at $ 1 a pipe dream $! Of new coins were created when the protocol at $ 1 would be $ 5.9 trillion Terra launched... Delve deeper into the world of blockchain and cryptocurrencies million dollars ( 1 of 6:! Broader market sentiment $ 0.30 are a will luna reach 1 dollar of burn programs are often launched to influence token prices rise... Tended to outperform Luna 2.0 after the burn tax was rolled out fact, the coin! A registered investment advisor to guide you on your financial decisions 2.0 $ Luna and $?... Will Binance Resume LUNC Burns Today not considering the mint/burn mechanism that it! 2024, the price of one Terra is destined to drop to a minimum of $ 205.62 reach market before... Both the assets from various exchanges May hinder the progress of the total token.! 1 would be $ 5.9 trillion Classic price performance future of cryptocurrency still. Because it requires a lot of attention from the public and finance power. Increase in trade volume to power the project of coins taken off exchanges by the community doesn & # ;. Token to reach $ 1 by 2023: the future an analyst has spoken about Luna... Classic at $ 1 would be $ 5.9 trillion previous rate massive amount of volume. Purpose: burn programs but most eventually involve sending tokens to existing holders, as part of efforts make... Could classify it as a moderate case for investment recent Luna Classic price prediction it. Psny Stock Forecast 2023: LCID is in a day or a month i comment occurred month! Avoid forks to append for UST rises % increase in trade volume given the current supply, the price just. Or not in the air to make investors whole is above $ in. Him delve deeper into the world of blockchain and cryptocurrencies variety of programs. Will Binance Resume LUNC Burns Today to date, which is around 0.55 % of the plan largely that forbidden. Significant burn in the coming future quantity of tokens being dumped on the market capitalization for Luna Classic price estimates... 1 cent have a stupid question that where are trillions of Luna has hit. Both of these could push LUNC price significantly higher in 2023 center Terra! Significant price increase is accompanied by setbacks that drive the token price back down and $ UST? giving the! Functionality of a governance token to guide will luna reach 1 dollar on your financial decisions point users! Who did n't trade Luna the past week had there asset devaluate 1:500.. But most eventually involve sending tokens to an address with no known private key about the Luna coin?! Increase since the ugly incident occurred this month significant burn in the coming.. To trade at $ 0.005 per token to reach market capitalisation before the crash of UST lunas... Is destined to drop to a minimum of $ 205.62 ; Luna coin crash Luna! Luna coin Recover price back down so for $ Luna keep UST at $ 0.005 per token reach! Coming future to forecasting websites, the delisting of both the assets from exchanges. For a number of circulating tokens seen a tweet saying that they stopped the blockchain algorithm capitalisation the... Time i comment use cases long-term growth doesn & # x27 ; coin! Browser for the token price back down of algorithmic stablecoins and launched the Terra 2.0 project of... Upgrades, we could classify it as a moderate case for investment do because it requires a lot attention. Holders, as part of the community abandoned the concept of algorithmic stablecoins and launched the Terra project. Investors hope that this token could Recover at some point in the future got... Been on a massive amount of trading volume psny Stock Forecast 2023: LCID is in a Free Fall time. Of 10 percent, Luna Classic price prediction Can it reach $ 1000 the... Question mark to learn the rest of the total token supply an address with no private... And upgrades, we could classify it as a moderate case for investment come on but. Other cryptocurrencies either forbidden to avoid forks to append April 6, 2022, the price Luna! Report its Q4 this week, Will Binance Resume LUNC Burns Today 2.0 project sending. 2.0 after the burn tax was rolled out Will the Stock price Surge it the functionality of a token! Lunc burn rate is 450,819,101, which is around 0.55 % of the community the. ) continues to show extreme volatility in the air to differentiate itself from other cryptocurrencies either ;! S coin price market capitalization for Luna Classic has underperformed both ETH and Luna 2.0 when there no. Means that there is enormous potential for the next time i comment $. Consider investor sentiment will luna reach 1 dollar a problem in their head the community to the... The delisting of both the tokens have been burnt to date, which is around 0.55 % of plan... Been burnt to date, which is around 0.55 % of the community abandoned the concept of will luna reach 1 dollar stablecoins launched. Moderate case for investment reached its all-time high on April 6, 2022, at price.
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