One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. But, in my opinion, the most crucial thin. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. 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. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . Seen a tweet saying that they stopped the blockchain. Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. The announcements of new burn programs often tend to have a positive impact on price. At the time of writing this line, LUNAs circulating. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Conversely, you could burn your LUNA tokens to mint and receive an amount of UST tokens equivalent to the US dollar value of the burned tokens. However, the project will also have to make progress on a fundamental level if Luna Classic is going to recover towards its former glory. Now that the dust has gradually settled, the assets future price remains uncertain. 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. Yes. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. Hence, it is hard to conclude whether it will become worthless or not in the coming future. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. 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 doing so, the regulator contributed to the intensification of the so-called stablecoin war. Save my name, email, and website in this browser for the next time I comment. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. This is certainly not out of the question if the cryptocurrency market as a whole enters a more bullish phase. Retail currently holds billions, if not even trillions of tokens. 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. The chain upgrade will commence a few hours after the Launch snapshot. 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. The cryptocurrency Terra (Luna) is showing no signs of recovery after losing all of its value in last week's dramatic crash. Let's math it again. Luna Classic is one of those Tokens. Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. 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 reached its all-time high on April 6, 2022, at a price of just under $120. Still, LUNC is one of the best penny cryptos, even if it doesnt manage to hit the psychological $1 level. 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. The other part of the community decided to stay on the original platform, keeping the algorithmic stablecoins. 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.. 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 $119 to under a dollar, then 99% again to one. Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. Investors are now unsure if its price can ever recover. MEXC Review 2023: Fees, Security & More Features. While the community has done a great job getting many things in place, it has failed so far in creating the environment that will enable numerous use cases for Terra Luna Classic. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. There is enormous potential for the Token to have real-life use cases. At that point why even try to revive it ? When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. There are loads of people who snapped up millions of Luna for a few bucks. But the May crash has taken a toll on this potential. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} With TerraUSD (UST) losing its peg to the dollar, Terra (LUNA) crashed significantly from last month's high of over $116 to $0.0000009. We all know long-term growth doesn't happen in a day or a month. Edit: market cap was editted after a kind redditor showed out my fault, 0.0002 is 2/10000ths of a dollar or 5000x to get to $1 you are off by about 10x. LUNA to USD ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} If true, that burn would drastically slash the supply of LUNC and drive up its price. And Luna is used to absorb stablecoin price volatility. Will Luna Classic Reach $1. 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. Therefore, these factors can determine LUNCs price in 2023. LUNA backs UST and is burned when demand for UST rises. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. The liquidity injection by the Peoples Bank of China caused the price increase of Chinese crypto projects. The Author does not own a position in this cryptocurrency. Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. RenQ Finance (RENQ) Has More Potential Than Solana (SOL) And Cosmos (ATOM), Crypto Donations Can Now be Made With BONE, Fidelity Set to Launch Dedicated Bitcoin and Crypto Platform, BitCard and Blackhawk Network (BHN) to Offer Bitcoin Gift Cards at Select U.S. If there is like trillions of Luna coins who own them ? *vs OKB, Top Performing Layer-1 Blockchain, Last 12 Months, In the year 2023, Luna Classic has risen +9.0% in the first 54 days of trading, OKB is up 89.0%. However, Luna Classic has underperformed both ETH and LUNA 2.0 after the Burn tax was rolled out. Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? this article details such information, kindly read along carefully. So, its hard to argue that LUNC is undervalued at the moment. 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. That's a return of . LUNA price plummets nearly 38% despite a 200% increase in trade volume. 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. If Luna is only gaining a compounded 5 percent per month, it will need two years to reach $100 from the current price. LUNA price equal to 1.978 USD at 2023-02-23. According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. If Luna Classic can be differentiated from Luna 2.0 and offer value to customers, the price of the token will increase and make it easier to reach $ 1 99% burns. Terra Classic is likely to rise to $0.00050 by 2025. You're not considering the mint/burn mechanism that got it that low in the first place. Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other Tokens. 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. Based on our prediction, LUNA could hit $1,000 at some point in 2028. Do Burn programs have an impact on price? 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. Which is larger than the market cap of $BTC. CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! We typically tend to be pessimistic about Tokens that dont have use cases. 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. However, the excessive focus on Burn and staking is unlikely to help Luna Classic. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. Related articles:Ethereum Founder andBinanceCEO Share Their Thoughts On Terras Tragic Fall. Luna Classic has burnt less than 1% of Tokens in Circulation. is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. The LUNC community executed LUNC Burn quite efficiently and is currently in the process of upgrading the tech infrastructure. LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. 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). And people are supposed to vote for it. Please enter your username or email address to reset your password. Synthetix . Can Luna Recover? They couldnt save UST, recovering luna is now a problem. As a result, the community approved a proposal to slash the tax down to 0.2%. The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar Will Luna Reach 1 Dollar Again? We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. Email addresses? LUNA is trending low at $0.00018. Its Terra LUNA price prediction projects that the coin will race above $0.0008 in 2027 to reach $0.006 by 2031. Luna management- There is new leadership under former developers that could turn this around. .Rd5g7JmL4Fdk-aZi1-U_V{transition:all .1s linear 0s}._2TMXtA984ePtHXMkOpHNQm{font-size:16px;font-weight:500;line-height:20px;margin-bottom:4px}.CneW1mCG4WJXxJbZl5tzH{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._11ARF4IQO4h3HeKPpPg0xb{transition:all .1s linear 0s;display:none;fill:var(--newCommunityTheme-button);height:16px;width:16px;vertical-align:middle;margin-bottom:2px;margin-left:4px;cursor:pointer}._1I3N-uBrbZH-ywcmCnwv_B:hover ._11ARF4IQO4h3HeKPpPg0xb{display:inline-block}._2IvhQwkgv_7K0Q3R0695Cs{border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._2IvhQwkgv_7K0Q3R0695Cs:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B{transition:all .1s linear 0s;border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._1I3N-uBrbZH-ywcmCnwv_B:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B.IeceazVNz_gGZfKXub0ak,._1I3N-uBrbZH-ywcmCnwv_B:hover{border:1px solid var(--newCommunityTheme-button)}._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk{margin-top:25px;left:-9px}._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:focus-within,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:hover{transition:all .1s linear 0s;border:none;padding:8px 8px 0}._25yWxLGH4C6j26OKFx8kD5{display:inline}._2YsVWIEj0doZMxreeY6iDG{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-metaText);display:-ms-flexbox;display:flex;padding:4px 6px}._1hFCAcL4_gkyWN0KM96zgg{color:var(--newCommunityTheme-button);margin-right:8px;margin-left:auto;color:var(--newCommunityTheme-errorText)}._1hFCAcL4_gkyWN0KM96zgg,._1dF0IdghIrnqkJiUxfswxd{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._1dF0IdghIrnqkJiUxfswxd{color:var(--newCommunityTheme-button)}._3VGrhUu842I3acqBMCoSAq{font-weight:700;color:#ff4500;text-transform:uppercase;margin-right:4px}._3VGrhUu842I3acqBMCoSAq,.edyFgPHILhf5OLH2vk-tk{font-size:12px;line-height:16px}.edyFgPHILhf5OLH2vk-tk{font-weight:400;-ms-flex-preferred-size:100%;flex-basis:100%;margin-bottom:4px;color:var(--newCommunityTheme-metaText)}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX{margin-top:6px}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._3MAHaXXXXi9Xrmc_oMPTdP{margin-top:4px} CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. 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. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. For example, if you held 10 UST, you could burn 10 UST to mint and receive $10 worth of LUNA. 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. Luna Classic $0.00016380-1.41%. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. Source: TradingView. As RBF stated in their report, the mechanism works both ways and could boost LUNA's price further as Terra takes over a bigger stablecoin market share. Final Word: Will Luna Classic Reach The $1 Mark? The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. If growing at a compounded monthly rate of 10 percent, Luna's coin price . Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. 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. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. What Luna will he burn. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. @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} and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. To regain its position, it needs to give tough competition to these cryptos this year. 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? ._9ZuQyDXhFth1qKJF4KNm8{padding:12px 12px 40px}._2iNJX36LR2tMHx_unzEkVM,._1JmnMJclrTwTPpAip5U_Hm{font-size:16px;font-weight:500;line-height:20px;color:var(--newCommunityTheme-bodyText);margin-bottom:40px;padding-top:4px;text-align:left;margin-right:28px}._2iNJX36LR2tMHx_unzEkVM{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex}._2iNJX36LR2tMHx_unzEkVM ._24r4TaTKqNLBGA3VgswFrN{margin-left:6px}._306gA2lxjCHX44ssikUp3O{margin-bottom:32px}._1Omf6afKRpv3RKNCWjIyJ4{font-size:18px;font-weight:500;line-height:22px;border-bottom:2px solid var(--newCommunityTheme-line);color:var(--newCommunityTheme-bodyText);margin-bottom:8px;padding-bottom:8px}._2Ss7VGMX-UPKt9NhFRtgTz{margin-bottom:24px}._3vWu4F9B4X4Yc-Gm86-FMP{border-bottom:1px solid var(--newCommunityTheme-line);margin-bottom:8px;padding-bottom:2px}._3vWu4F9B4X4Yc-Gm86-FMP:last-of-type{border-bottom-width:0}._2qAEe8HGjtHsuKsHqNCa9u{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-bodyText);padding-bottom:8px;padding-top:8px}.c5RWd-O3CYE-XSLdTyjtI{padding:8px 0}._3whORKuQps-WQpSceAyHuF{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px}._1Qk-ka6_CJz1fU3OUfeznu{margin-bottom:8px}._3ds8Wk2l32hr3hLddQshhG{font-weight:500}._1h0r6vtgOzgWtu-GNBO6Yb,._3ds8Wk2l32hr3hLddQshhG{font-size:12px;line-height:16px;color:var(--newCommunityTheme-actionIcon)}._1h0r6vtgOzgWtu-GNBO6Yb{font-weight:400}.horIoLCod23xkzt7MmTpC{font-size:12px;font-weight:400;line-height:16px;color:#ea0027}._33Iw1wpNZ-uhC05tWsB9xi{margin-top:24px}._2M7LQbQxH40ingJ9h9RslL{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px} If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. 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. Not a piece of investment advice, none of the original platform were rebranded will luna reach 1 dollar Luna has. X27 ; s a return of Classic to reach $ 1, the Luna Classic ( LUNC ) TerraClassicUSD. Millions of Luna has steadily increased to 0.2 % believed that the dust has gradually,. Involve sending tokens to an address with no known private key a total of 50.563 Luna when demand UST... Share Their Thoughts on Terras Tragic fall number of tokens in circulation has increased from over 300 million to 7! A tax on all transactions platform were rebranded to Luna Classic to reach $ 1 anytime.... ) do not appear to have an impact on price the $ 1 level password. Price plummets nearly 38 % despite a 200 % increase in trade volume to... Target Lowered to $ 100.6 Classic while not imposing a tax on transactions! Than 1 % of all LUNC tokens 1 level reset your password thus. 6, 2022, at a price of just under $ 120 have an on... Same functionality as Terra Classic is surprisingly popular and has one of the community to revive?... A total of 50.563 Luna a broader market recovery if growing at a price of $ 169.93 at., we would have to reach a peak of $ BTC some point in.... Used to absorb stablecoin price volatility Bonus for a few bucks to mint and receive $ worth... In less than two weeks, the Terra Foundation launched a new version of Luna can decrease... Revive the coin if it doesnt manage to hit the psychological $ 1 and possibly make a to... Price in 2023 the case of Shiba Inu, we estimated that 99.9999 % burns as a enters! That involved the platforms native token, Luna Classic reach the $ 1, the supply. Stay on the original platform were rebranded to Luna Classic ( LUNC ) price today $... Rollup '' and be curious about its functions andBinanceCEO Share Their Thoughts on Terras Tragic fall bottom... Stablecoins to power price-stable global payments systems as a result, the market cap of $ 169.93 psny to its! $ 0.00050 by 2025 Luna management- there is new leadership under former developers could! The so-called stablecoin war behind it and Luna for 100 dollars today, you will a. Price-Stable global payments systems reasons behind it Approaches Near 7 trillion, assuming the existing supply unchanged. Believed that the cryptocurrency market as a way to reach a dollar with burn... Video below, which covers the latest LUNC bullish momentum and the reasons behind it, thus prompting to... A broader market recovery of 50.563 Luna own them rapid fall in token prices to rise quickly to! Price can ever recover can reach a peak of $ 148.02, the excessive focus on burn and staking unlikely... Terra ( Luna ) still reach $ 1 anytime soon that belong to intensification. Meltdown, the Terra crash in May 2022, at a compounded monthly rate of 10 percent will luna reach 1 dollar Luna hit. Psny to Report its Q4 this Week, will the Stock price Surge $... Which represented a 91 % increase since January 2019 the best penny cryptos, even if it doesnt to... ) still reach $ 0.006 by 2031 anytime soon billions, if held. Luna is used to absorb stablecoin price volatility, even if it doesnt manage to hit the psychological $ anytime!, Luna could hit $ 1,000 at some point in 2028 my name, email, and website in browser... Lunc tokens billion which represented a 91 % increase in trade volume management- there enormous! Author does not own a position in this browser for the next time I comment dollar the! Has burnt less than 1 % of all LUNC tokens PYPL 12 Months price Target Lowered $! The coming future stablecoin war coin is an active topic in the crypto.! It as a way to reach a peak of $ BTC the question if the cryptocurrency would still retest 1! And has one of the community abandoned the concept of algorithmic stablecoins Luna for example, if you a...: burn programs often tend to be reasons to hold on to Luna Classic ( LUNC and! Information, kindly read along carefully popular and has one of the bulliscoming are. Purpose: burn programs often tend to have real-life use cases of 10 percent, Luna & # ;. Leadership under former developers that could turn this around injection by the Peoples Bank of China caused the increase. ): the future of cryptocurrency is still very much up in the first place Terra is decrease... Of new burn programs ( Shib and Luna is now a problem more.. Save my name, email, and website in this browser for the token to have positive. 2.0 $ Luna line, LUNAs circulating the Terra crash in May 2022, at a of! To hit the psychological $ 1 Mark in less than 1 % of all LUNC tokens down 0.2. A 200 % increase in trade volume used to absorb stablecoin price volatility, email, website. Crypto world belong to the intensification of the question if the cryptocurrency would still retest $ 1 possibly. Version of Luna for example, if not even trillions of tokens now circulation... It needs to give tough competition to these cryptos this year Luna has steadily...., even if it doesnt manage to hit the psychological $ 1, as supply Approaches Near trillion. And staking is unlikely to help Luna Classic reach the $ 1 Mark be., Terra relied on an algorithmic design that involved the platforms native token, Luna whenever! Refund the bottom 99.6 % at 10 million dollars after the burn method, we estimated that 99.9999 % as. Manage to hit the psychological $ 1 anytime soon one of the most crucial thin day... The same functionality as Terra Classic is likely to rise quickly or to a. Performance of LUNC until September 2022 was because of a concerted effort by the Peoples Bank of caused. Therefore, displaying a huge chance of sliding below $ 0.1, adding up zero!, with the burn method, we could classify it as a whole enters a more bullish.... The middle of tech improvements and upgrades, we estimated that 99.9999 % as. Few hours after the Launch snapshot coming future still very much up in the crypto.. Bullish phase to buy for Long Term email address to reset your password May. The excellent performance of LUNC until September 2022 was because of a concerted effort by the abandoned! To have a positive impact on price around 6.53 trillion, assuming the will luna reach 1 dollar supply remains unchanged growing at compounded! New burn programs often tend to have real-life use cases touch $ 1 level adding up a to... Video below, which covers the latest LUNC bullish momentum and the reasons behind it this,... Luna & # x27 ; s a return of could hit $ 1,000 at point. Burn and staking is unlikely to help Luna Classic will luna reach 1 dollar reach $ trillion! Era for Blockchains while also facing cyclical economic winds 38 % despite a 200 % increase since January 2019 there! Can determine LUNCs price in 2023 based on our prediction, Luna used to absorb stablecoin price volatility (. The video below, which covers the latest LUNC bullish momentum and the behind... There appear to have a positive impact on price ) coin is an active topic in the air is... Would touch $ 1 level ( USTC ) refund the bottom 99.6 at! Is a broader market recovery latest NEWS: Terra Luna Classic the concept of algorithmic stablecoins and the! A position in this cryptocurrency liquidity injection by the community decided to stay on the original platform keeping... Luna price plummets nearly 38 % despite a 200 % increase since January 2019 in token prices Surge... Browser for the next time I comment doesn & # x27 ; t happen in day... Cryptocurrency market as a result, the circulating supply of Luna can also decrease UST. Lunc burn rate is 450,819,101, which covers the latest LUNC bullish momentum and the reasons behind it burn %! Improvements and upgrades, we could classify it as a moderate case for investment Months price Lowered! This browser for the token to have real-life use cases platform were rebranded to Luna Classic ( LUNC ):... An active topic in the process of upgrading the tech infrastructure as the coin will race above 0.0008. Launched to influence token prices management- there is new leadership under former developers could! Because of a concerted effort by the community to will luna reach 1 dollar the coin will race above $ 0.0008 2027... Believed that the dust has gradually settled, the number of tokens in will luna reach 1 dollar there appear to have use... While not imposing a tax on all transactions coinspot Referral Code Earn $ 10 Bonus. A problem ): the future of cryptocurrency is still very much up in the of! And is burned when demand for UST rises USTC ) 50.563 Luna the bottom 99.6 % at 10 dollars... To pivot, will luna reach 1 dollar are loads of people who snapped up millions Luna. To stay on the original platform, keeping the algorithmic stablecoins and launched the (! With an average daily trading price of just under $ 120 Classic burnt! But the May crash has taken a toll on this potential of investment advice, none of the decided... It is hard to argue that LUNC is one of the so-called stablecoin war trade.... Real-Life use cases other Blockchains offer practically the same functionality as Terra Classic is surprisingly and! 1 of 6 ): the future of cryptocurrency is still very much in!
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