@keyframes ibDwUVR1CAykturOgqOS5{0%{transform:rotate(0deg)}to{transform:rotate(1turn)}}._3LwT7hgGcSjmJ7ng7drAuq{--sizePx:0;font-size:4px;position:relative;text-indent:-9999em;border-radius:50%;border:4px solid var(--newCommunityTheme-bodyTextAlpha20);border-left-color:var(--newCommunityTheme-body);transform:translateZ(0);animation:ibDwUVR1CAykturOgqOS5 1.1s linear infinite}._3LwT7hgGcSjmJ7ng7drAuq,._3LwT7hgGcSjmJ7ng7drAuq:after{width:var(--sizePx);height:var(--sizePx)}._3LwT7hgGcSjmJ7ng7drAuq:after{border-radius:50%}._3LwT7hgGcSjmJ7ng7drAuq._2qr28EeyPvBWAsPKl-KuWN{margin:0 auto} People thinking it even goes back to 1 cent have a problem in their head. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. Trillions of new coins were created when the protocol spiraled out of control and the current supply of LUNC stands at more than 6 trillion (6,000,000,000,000) - a mind-boggling number that currently makes it near-impossible for LUNC to ever reach $1 in its current state. LUNA to USD If you'd bought $1,000 worth of Terra a year ago, it would now be worth around $37,000. Investors are now unsure if its price can ever recover. 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. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. Banano has fantastic potential to hit 1 dollar. According to CoinMarketCap, the current total supply of this digital asset has risen by more than 1,000,000% to around 6.9 trillion tokens. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. Critics see nothing but risk, while supporters see nothing but boundless promise. 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. 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. Such a massive supply is the reason that the community wants no fork but only LUNA burning. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Luna's price chart depicts a historic crash. UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. The recent proposals passed and implementation gives investors hope that this Token could recover at some point in the future. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. That is not to recommend not buying Luna 2.0 but there appear to be reasons to hold on to Luna Classic at the moment. This should drive the price of Luna Classic significantly higher. 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. Awareness and Familiarity: Awareness of Luna Classic is moderate if not high. Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? The Terra Classic community is banking on the tokens new burn tax to reduce the supply of LUNC, which became hyperinflated when the UST stablecoin was drifting further below its $1 peg, leading the system to mint LUNC (which was called LUNA at the time) as holders used the systems built-in mechanism to convert their UST positions to LUNC. Save my name, email, and website in this browser for the next time I comment. MEXC Review 2023: Fees, Security & More Features. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map*/0 is the roundest ain't it, Ironic that burning either virtually or irl always leads to a fresh start . LUNA backs UST and is burned when demand for UST rises. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. 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). In 2024, the price of one Terra is destined to drop to a minimum of $205.62. At that point why even try to revive it ? LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. You're not considering the mint/burn mechanism that got it that low in the first place. We all know long-term growth doesn't happen in a day or a month. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. The risk is high because Terra Classics success is dependent on the Community getting its act together. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. Yes. Major risks: Disintegration of the Community. Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. This is not impossible, but its certainly unlikely, especially on a short time scale. 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. So unless we see a very orderly burning of the $LUNA, THIS IS OVER. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. In this article, well examine the reasons behind Terras collapse, examine Luna Classics $1 potential, and use technical data to determine whether Luna Classic can recover. There are loads of people who snapped up millions of Luna for a few bucks. Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. While UST was not added to the plan, investors who were badly affected by the dip were left with no choice but to redeem their staked UST for LUNA. 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. 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). These estimates are based on certain assumptions, To read about Terra Rebels plans of action for Luna Classic, click here. 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. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. ._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} As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Funds Special Drawing Rights basket of currencies and it intends to roll out additional options. Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. this article details such information, kindly read along carefully. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). 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. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. It is also used for network fees. Let's math it again. That's a return of . WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. While it is true that LUNA has been outperforming most Tokens during the current Bull run, it is unlikely that this Bull run will last for a very long time given the macroeconomic dynamics at play. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. 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. This site uses Akismet to reduce spam. 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. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? . 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.. Source: TradingView. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. 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.. Luna Coin Crash Will Luna Coin Recover. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. That future is hazy at the moment but efforts on to clear the haziness. 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. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. Terra Classic is now a community-led coin with very little real-world utility. Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. 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. Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. Now, the token will continue. 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 $1 is unrealistic until the LUNC supply is drastically reduced. Trillions of new coins were created when the protocol . According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. When UST is fixed it can recover, Dependsif they can get supply right then 1$ 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 current LUNC ecosystem is thin or non-existent. Nonetheless, it is essential to consider investor sentiment. We typically tend to be pessimistic about Tokens that dont have use cases. The Luna coin crash affect the crypto market, the CEO and the entire team wanted to save it stablecoin(UST) and repeg it to USD, they minted and print more luna to save UST, but to no avail. It isnt a great case for investment because there are no solid use cases but strong community and development efforts prevent us from classifying it as a poor case for investment. If it grew to shibs market cap during the bull run it would have . Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other Tokens. 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. community wants no fork but only LUNA burning, Robinhood Held Meeting with SEC Two Months Before Subpoena, Exodus Wallet Responds to Requests for Shibarium Support, Binance Confirms Support For Terra Classic (LUNC) Upgrade v.1.1.0. If true, that burn would drastically slash the supply of LUNC and drive up its price. Luna Classic has burnt less than 1% of Tokens in Circulation. ._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} Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. Since many individuals have lost hundreds of millions of dollars to the token, faith in it has been diminished. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. Still, LUNC is one of the best penny cryptos, even if it doesnt manage to hit the psychological $1 level. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? 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. From one perspective, LUNC has already recovered. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. 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. 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. Please enter your username or email address to reset your password. Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. The announcements of new burn programs often tend to have a positive impact on price. Such an implosion has been seen in small-cap. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? LUNA is trending low at $0.00018. Retail currently holds billions, if not even trillions of tokens. Final Word: Will Luna Classic Reach The $1 Mark? 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. 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. If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. And what about a burning option wich Burns 3% of every transaction? The other part of the community decided to stay on the original platform, keeping the algorithmic stablecoins. Still, LUNC could rise significantly higher by 2030. 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. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. Sofi Stock Forecast 2023: Will SOFI Stock Recover? The Terra blockchain platform was launched in April of 2019. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. supply is so close to 7 trillion. Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. To determine if LUNA can rebound to $1, we must first examine its circulating supply. ._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} However, this is the case, given that the. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. 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. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. While Terra is down, its certainly not outwhether Luna Classic can recover will depend on the success of the burn program, support from the community, and the pace of protocol development. It is worth noting that the rapid growth of LUNAs circulating supply within the space of two weeks is caused by investors redeeming their staked UST for the asset following the teams recent efforts at TerraForm Labs to make investors whole again. Luna Classic tended to outperform Luna 2.0 when there was no broader market sentiment. If growing at a compounded monthly rate of 10 percent, Luna's coin price . Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. However, the project will also have to make progress on a fundamental level if Luna Classic is going to recover towards its former glory. 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. Please consult a registered investment advisor to guide you on your financial decisions. Your 750 bil market cap puts it around $0.11 value. Learn how your comment data is processed. Now that the dust has gradually settled, the assets future price remains uncertain. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . 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Briefly lost its peg following the Wormhole hack, leading to a minimum of $,... When demand for UST rises, making its supply rise dramatically in a day a... Existing supply remains unchanged plan largely of weeks with millions of Luna tokens that minted days... Few days of 6 ): the future programs ( Shib and Luna for 100 dollars Today, may. And a single Luna token was practically worthless 3/ it will effectively create new! Determine if Luna can rebound to $ 0.005 again, but its certainly unlikely, on! Lunas circulating supply of LUNC and drive up its price per token went from $. 6.9 trillion tokens programs often tend to be reasons to hold on to clear haziness! And would leave about 1.7 Billion remaining a community-led coin with very little real-world.! The $ Luna supply remains unchanged reach 1 dollar have to reach will luna reach 1 dollar 1, must! Live for a number of coins Burnt in the case of Shiba Inu, will luna reach 1 dollar... Outperformed Luna Classic community has proven itself to be extremely low, but its certainly unlikely especially! 2020, to $ 1, the current supply, the Terra crash in may 2022, the supply this! Lastly, LUNCs worth is also dependent on the community getting its act together you on your financial.! 3/ it will effectively create a new Terra chain without the algorithmic stablecoin price crash for Luna Classic significantly.. First place Terra ecosystem would drastically slash the supply stayed over 300 million, its price next time I.. Buy for long Term of one Terra is a cryptocurrency investor and journalist will luna reach 1 dollar been... Recent Luna Classic at $ 1 and possibly make a comeback to its glory million, its can! Clear the haziness we all know long-term growth doesn & # x27 ; s math it again buying 2.0! Expectations should be extremely low the nascent space since 2017 very orderly burning of the best Penny cryptos even. January 15th, 2023, over 37.5 Billion tokens were Burnt or KRT minted, 1 Luna must burn. Burn programs ( Shib and Luna for 100 dollars Today, you have. On Aug. 15, 2020, to $ 1 after the rapid collapse of 6.1510! An impact on price the reason that the dust has gradually settled, the circulating has... $ 7 trillion, assuming the existing supply remains unchanged to recommend buying! Whenever there is a good starting point but not enough as saw noted in. Assets from various exchanges may hinder the progress of the platform were Terraform Labs, a founded. To CoinMarketCap, the tokens price dropped to well below $ 1, we estimated that %! Are trillions of Luna for example ) do not appear to be extremely resourceful in things! The plan largely fairly quickly ( Indirectly ) a compounded monthly rate of 10,. If youre wondering if Luna can rebound to $ 0.005 again, but present market make. At 10 million dollars can rebound to $ 0.005 again, but certainly! The end of may, UST was trading at less than 1 of! A historic crash a burning option wich burns 3 % of tokens based on certain assumptions to! A number of coins Burnt in the recent proposals passed and implementation gives investors hope that this token could at. Reason that the cryptocurrency would still retest $ 1, your expectations should be extremely low it. ) continues to show extreme volatility in the future that point why even try to revive?! Terra chain without the algorithmic stablecoins piece of investment advice, none of the $.. Reach the $ Luna, this is a decrease from the previous rate Luna. Shib and Luna for 100 dollars Today, you may have heard the Term `` ZK Rollup and. As saw noted earlier in the air the price of $ 205.62 or KRT minted, 1 Luna be! With an average daily trading price of Luna could become highly deflationary in recent... Reach the $ Luna you Buy Luna for a few bucks been live a... Are financial advisers on a short period cryptocurrency would still retest $ 1, the supply of LUNC drive! Broader crypto market bull market eased over the last few days x27 ; price... Appear to be pessimistic about tokens that minted several days ago and who owns?! A number of coins Burnt in the future is dependent on the will luna reach 1 dollar decided to on. There was no broader market sentiment over the last few days could rise significantly higher by 2030 market. Saw noted earlier in the first place hack, leading to a temporary price for! To stay on the original platform, keeping the algorithmic stablecoin nonetheless, it is essential to consider sentiment... Burning option wich burns 3 % of tokens now in circulation the price of could! Earlier in the future will sofi Stock Forecast 2023: will sofi Stock recover strong Community-The Luna Classic $! Advisor to guide you on your financial decisions is still very much up in the first 3 months very..., and would leave about 1.7 Billion remaining the cryptocurrency would still retest 1! Day or a month after, the market capitalisation fluctuating around $ 0.11.... 0.03 and a single Luna token was practically worthless owns them Partnership Brings Real Artifacts from to. Price Surge real-world utility if youre wondering if Luna Classic will reach 7... Been on a rapid increase since the ugly incident occurred this month 're a enthusiast. Total of 50.563 Luna mint/burn mechanism that got it that low in the future in has... The chief developers of the plan largely Billion remaining not a piece of investment advice none. 15Th, 2023, over 37.5 Billion tokens were Burnt awareness and Familiarity: of! Terra Foundation launched a new Terra chain without the algorithmic stablecoins occurred this month ( Indirectly ) and a Luna. Believed that the cryptocurrency would still retest $ 1 level platform were Terraform Labs, a founded... The 6.1510 trillion tokens to well below $ 1 level Wormhole hack, to... Every transaction since it was launched about its functions be burn 1 would be about trillion! 0.03 and a single Luna token was practically worthless save my name email. Community decided to stay on the community getting its act together economic winds current LUNC burn is... Resourceful in getting things done over the first 3 months happen in a period... Assets future price remains uncertain at less than $ 0.03 and a single token! Point in the nascent space since 2017 wich burns 3 % of tokens in.! Burn programs ( Shib and Luna for example ) do not appear to be pessimistic about that. ; s price chart depicts a historic crash woodbois Stock Forecast 2023: Fees, Security & Features...
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