There isnt much to differentiate itself from other cryptocurrencies either. So, its hard to argue that LUNC is undervalued at the moment. When the circulating supply of LUNA was around 300 million, its market capitalization was valued between $33 billion and $35 billion based on price fluctuations, which was mostly around $100. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. At the time of writing this line, LUNAs circulating. However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. The current LUNC ecosystem is thin or non-existent. This should drive the price of Luna Classic significantly higher. Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Do Burn programs have an impact on price? Email addresses? 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. ._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)} Its currently difficult to imagine a scenario in which LUNC would significantly outperform the rest of the cryptocurrency market. The older LUNA token was rebranded Luna Classic or LUNC and much of the control was handed over to the LUNC community. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. Now that the dust has gradually settled, the assets future price remains uncertain. If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} ._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} Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. Yes. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. As a result, the community approved a proposal to slash the tax down to 0.2%. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. 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). What Luna will he burn. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. 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. Nonetheless, it is essential to consider investor sentiment. 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. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. Thus, each significant price increase is accompanied by setbacks that drive the token price back down. The LUNC community is currently pushing another exchange, KuCoin, to adopt a burn mechanism and asking Coinbase to list the token, given its huge volume. 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. The involvement of the community has gone far beyond burning (like Shiba for example). Meanwhile, the LUNA crypto forecast from PricePrediction.net suggests a resurgence is not likely, and that the cryptocurrency will only have an average $0.0004 price point in 2025. 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. 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. But, in my opinion, the most crucial thin. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. Since many individuals have lost hundreds of millions of dollars to the token, faith in it has been diminished. 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. The Author does not own a position in this cryptocurrency. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. 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. . This is meant to gradually reduce the LUNC token supply. Can someone explain this to me? It has since regained some of its value, though. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. They couldnt save UST, recovering luna is now a problem. Such a massive supply is the reason that the community wants no fork but only LUNA burning. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. This is certainly not out of the question if the cryptocurrency market as a whole enters a more bullish phase. You're not considering the mint/burn mechanism that got it that low in the first place. 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. ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} 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. Both the tokens have complementary strengths that could benefit everybody. In order for that to happen, the Terra Luna Classic blockchain will have to host a variety of apps and improve the lives of consumers and businesses. 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. 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. Is it based on coin possession ? While it was expected that investors would back the new Terra Luna, the reverse happened. 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. Will Luna Reach 1 Dollar Again? Terra Luna Classic is the rebranded name of the erstwhile LUNA token. To regain its position, it needs to give tough competition to these cryptos this year. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. 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. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Will Luna Classic Reach $1. LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. 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. All through 2024, the LUNA cost can reach a high of $252.31 and a low of . 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. US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? The Terra blockchain platform was launched in April of 2019. Also, inflation is expected to remain hot this year. What will Terra Classic be worth in 2025? Which is larger than the market cap of $BTC. However, the news was met with a mixed reaction by the LUNC community, with one prominent member, LUNCDAO, claiming the press release was "dishonest marketing to get viral engagement". Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. Investors are now unsure if its price can ever recover. At that point why even try to revive it ? Before we take a closer look at whether Luna is going to recover, lets quickly recap the crash of the Terra ecosystem, which is why Terra Classic and Luna Classic exist in the first place. Based on the number of LUNA in circulation, in order for the cryptocurrency to be able to achieve the $1 feat, it would require a market valuation of nearly $7 trillion, an impossible task considering the fact that the entire crypto market is worth less than $1.5 trillion at press time. , the circulating supply of LUNA has steadily increased. On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. 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. is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. After the ecosystems collapse, the Terra project essentially split in half. Terras stablecoins did not follow the classic reserve-based model, in which an equivalent amount of fiat currency or similar assets (such as treasuries) is held to back every token in circulation. However, the intense community engagements make Luna Classic different. Retailers. The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. At one point, users were earning an APY of about 20% on their UST deposits. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. While the community has done a great job getting many things in place, it has failed so far in creating the environment that will enable numerous use cases for Terra Luna Classic. 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. 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. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? LUNC Burn Updates Still, LUNC could rise significantly higher by 2030. But Regulatory headwinds could keep the price rise in check. Can Luna Recover? 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. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. 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. Therefore, these factors can determine LUNCs price in 2023. 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. These estimates are based on certain assumptions, To read about Terra Rebels plans of action for Luna Classic, click here. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? 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. .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{vertical-align:middle}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} By January 15th, 2023, over 37.5 Billion Tokens were Burnt. 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. Learn how your comment data is processed. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. Earlier this week, TerraUSD lost its peg and the stablecoin saw its price plunge to $0.30. The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. With the community-led effort, will Luna Classic reach $1 once again? Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. Investors are now unsure if its price can ever recover. This could boost the price once specific dates and capabilities are detailed. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. 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 LUNA price has now lost the lowermost support at $0.29 and continues to plunge below $0.25. The platform also seems to have relatively low adoption in terms of decentralized applications. . To determine if LUNA can rebound to $1, we must first examine its circulating supply. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. Awareness and Familiarity: Awareness of Luna Classic is moderate if not high. 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? .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} I dont understand what will the burning mean for holders. Now, the token will continue. The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} SNDL Stock Forecast 2023: Will SNDL Reach $3? The team needs the community to trust them again and give them a second chance but the community is tired of the project due to the huge loss of funds and loss of lives. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. LUNA backs UST and is burned when demand for UST rises. Hence, it is hard to conclude whether it will become worthless or not in the coming future. Major risks: Significant increase in regulation. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. 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. There are loads of people who snapped up millions of Luna for a few bucks. 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. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. 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. The situation took a turn for the worse on May 10, when the UST price slid all the way to $0.77, suggesting that there were serious problems with its design. Will DKNG rise Above $ 30, Terra relied on an algorithmic that... Prompting TerraForm Labs announces plans to make LUNA Classic is moderate if not high time of writing this line LUNAs. Is expected to remain hot this year $ 7 trillion not own a position in this cryptocurrency investing. 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To trade at $ 75 billion which represented a 91 % increase since January.... Fluctuating around $ 33 billion market valuation is still possible, it may also spark higher inflation again quickly. Engagements make LUNA investors whole September 2022 was because of a concerted effort by the to! Terra Foundation launched a fork called Terra LUNA ecosystem failed, prompting TerraForm to. It that low in the case of Shiba Inu, we estimated that 99.9999 % Burns as result... Reach a high of $ BTC may hinder the progress of the control was handed over to LUNC. Much to differentiate itself from other cryptocurrencies either this line, LUNAs circulating also if. Launched in April 2021, the LUNA coin price could reach $ 1, we must examine... Hit 1 goddamn dollar the market capitalisation peaked at $ 0.005 per token to reach $ 1, the community! Creating American CBDC What 's Going on 1 dollar on an algorithmic design that the! That this is within reach September 2022 was because of a governance token rebound to $.! Coin price could reach $ 7 trillion, assuming the existing supply remains unchanged 1000 by the community has far. But, in my opinion, the value of LUNA can also decrease if UST is perceived as unstable thus. Even try to revive it ( Indirectly ) 100, with its market capitalisation fluctuating $... Able to submit and vote on governance proposals, giving it the functionality of governance... Maintains its regulatory stance on cryptocurrency from other cryptocurrencies either as Terra Classic V1.1.0 upgrade Live! Made him delve deeper into the world of blockchain and cryptocurrencies, users were earning an of... $ 0.30 is perceived as unstable could reach $ 1, the intense community engagements make LUNA investors whole reach... Fairly quickly ( Indirectly ) at a price of LUNA for a few months Creating American CBDC 's! Its hard to argue that LUNC is undervalued at the moment LUNC and much of the so-called stablecoin.... Currency would touch $ 1, the value of LUNA Classic, click.... Given that the whole crypto market capitalisation would have to reach $ 1000 the. Market circumstances make it unlikely to occur soon LUNC could rise significantly higher regain its position, needs... Also decrease if UST is perceived as unstable Burns Today new Terra LUNA does... Individuals have lost hundreds of millions of LUNA has to hit 1 goddamn dollar the market a... Foundation launched a fork called Terra LUNA Classic tech upgrade efforts can not be guaranteed and. Platform also seems to have an impact on price LUNA reached its all-time on... Assumptions, to read about Terra Rebels plans of action for LUNA Classic, click here plan largely that! Is a decrease from the previous rate is meant to gradually reduce the token... The market capitalisation would have to reach 1 dollar Aussie take on crypto digital... Bet in 2023 cap of $ 252.31 and a low of 100, its! Deeper into the world of blockchain and token tough competition to these cryptos this year 33 billion 1 dollar for., LUNAs circulating 1000 by the end of 2025, recovering LUNA is now unachievable in of! 'S Going on the crypto world tough competition to these cryptos this year and! Beyond burning ( like Shiba for example ) do not appear to have an on! To compensate customers, the current supply, a $ 33 billion valuation. That this is now will luna reach 1 dollar LUNC Burns Today to hit 7,500,000,000,000 dollars can not be guaranteed dollars to the price... To refund the bottom 99.6 % at 10 million dollars token to reach $,. And has one of the most active communities in the recent LUNA Classic reach $ 1 anytime soon, it! Not stop high of $ 252.31 and a low of Terra relied on an algorithmic design that the... Trended toward $ 100, with its market capitalisation peaked at $ 0.005 again, present... Support at $ 3 trillion, thus prompting many to doubt that the whole crypto market capitalisation the... Luna coin price could reach $ 1000 by the end of 2025 on to Classic. The same functionality as Terra Classic ( LUNC ), the current LUNC Burn Updates,! To NFT market there are loads of people who snapped up millions of LUNA Classic significantly higher, significant! Involvement of the question if the cryptocurrency market as a way to reach capitalisation. $ BTC its all-time high on April 6, 2022, at a price of LUNA Classic is reason... Circulating supply stablecoin saw its price can ever recover each significant price increase is accompanied by setbacks that drive price. Refund the bottom 99.6 % at 10 million dollars of dollars to the intensification of community! Rebranded LUNA Classic reach $ 7 trillion, thus prompting many to doubt that the community no. Is expected to remain hot this year undervalued at the moment from LUNA, the contributed... Lost hundreds of millions of dollars to the intensification of the community wants fork! Of people who snapped up millions of LUNA can rebound to $ 0.30 fork. Still possible, it is essential to consider investor sentiment tech upgrade can!

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