Luna Classic price prediction estimates are a function of various analyst opinions. ._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} By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. Many of these are not active on Terra Classic. 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). Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. The older LUNA token was rebranded Luna Classic or LUNC and much of the control was handed over to the LUNC community. Is $1 a pipe dream for, LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. 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. The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. Source: TradingView On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. At the time of writing this line, LUNAs circulating supply is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. ._3Z6MIaeww5ZxzFqWHAEUxa{margin-top:8px}._3Z6MIaeww5ZxzFqWHAEUxa ._3EpRuHW1VpLFcj-lugsvP_{color:inherit}._3Z6MIaeww5ZxzFqWHAEUxa svg._31U86fGhtxsxdGmOUf3KOM{color:inherit;fill:inherit;padding-right:8px}._3Z6MIaeww5ZxzFqWHAEUxa ._2mk9m3mkUAeEGtGQLNCVsJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;color:inherit} /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.ea0ac1df4e6491a16d39_.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. 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, Luna Classic is backed by a strong community which means that the attachment and bonding of those aware are much higher than most Altcoins. 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. Your 750 bil market cap puts it around $0.11 value Reply The announcements of new burn programs often tend to have a positive impact on price. ._2Gt13AX94UlLxkluAMsZqP{background-position:50%;background-repeat:no-repeat;background-size:contain;position:relative;display:inline-block} Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. Price Prediction - Can LUNC Reach $1 by 2023? However, the excessive focus on Burn and staking is unlikely to help Luna Classic. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. 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. 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. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. While it was expected that investors would back the new Terra Luna, the reverse happened. Luna Classic tended to outperform Luna 2.0 when there was no broader market sentiment. Terra Classic is likely to rise to $0.00050 by 2025. 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. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Keep track of your holdings and explore over 10,000 cryptocurrencies. The older crypto is now called Luna Classic $LUNC. 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 $1 you are off by about 10x. so it has more potential to reach 1$ than Shiba . CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} The legacy chain is still going on under the name Terra Classic, and the name of its token has been changed to LUNC. It would take more liquid money than exists in all of america for luna to reach any significant numbers, 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. But Regulatory headwinds could keep the price rise in check. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. 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. @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} Your 750 bil market cap puts it around $0.11 value. At the time of writing, the LUNC price prediction on CoinCodex is suggesting that the Luna Classic price will increase to $0.000833 one year from now (February 2024). ._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} By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming Market Cap is constant. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. Do Burn programs have an impact on price? However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. The cryptocurrency Terra (Luna) is showing no signs of recovery after losing all of its value in last week's dramatic crash. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. @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} Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? Vroom Stock Forecast: Will VRM Stock Rise Above $2? PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? 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. . Can the digital currency LUNA reach 1 dollar? There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. Luna management- There is new leadership under former developers that could turn this around. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. Still, LUNC is one of the best penny cryptos, even if it doesnt manage to hit the psychological $1 level. . supply is so close to 7 trillion. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. 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. If there is like trillions of Luna coins who own them ? For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. We typically tend to be pessimistic about Tokens that dont have use cases. If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). Luna's price chart depicts a historic crash. Terra Classic is likely to rise to $0.000233 by 2023. Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. .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} In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. Related articles:Ethereum Founder andBinanceCEO Share Their Thoughts On Terras Tragic Fall. Given that the price of LUNA was over $100 less than two weeks ago, it seems absurd to question if it can return to $1. "$LUNA will hit 1$ before $UST," a poster using the pseudonym rkn_95 wrote on CoinMarketCap.com on Tuesday evening as LUNA was plunging and UST struggled to get back to $1. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. Both the tokens have complementary strengths that could benefit everybody. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. 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. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? ._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)} LUNA is trending low at $0.00018. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? Can someone explain this to me? Which is larger than the market cap of $BTC. 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. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. 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. Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. Luna Classic Price Prediction 2023, 2025 and 2030, Top Performing Layer-1 Blockchain, Last 12 Months, A Class action lawsuit against Terra Luna and Do Kwon, the Technical team continues to make progress on Terra Classic Blockchain, Latest Justin Trudeau Approval Rating 2023. Terra Luna Classic is the rebranded name of the erstwhile LUNA token. The coin's value tumbled from around $6.75 to less than one cent. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. The burn started on September 21 and, according to the exchange, nearly 5.6 billion LUNC tokens - equating to approximately $1.8 million - were sent to a burn address. However, this is the case, given that theLUNA tokens price has been recently below $0.0001. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. 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? The newer LUNA 2.0 token retained the original symbol $LUNA. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. Earlier this week, TerraUSD lost its peg and the stablecoin saw its price plunge to $0.30. Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. (the activity undertaken to reach a . $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). Use Cases: Luna Classic has some use cases but there arent too many apps being developed on Terra Classic the blockchain, Top projects (That are active) on Terra Classic include Terra Swap, Metagloria NFT, Eris Protocol, Terra Rebels Moonshot, P2P Lunc Dispute. Home Will LUNA Recover? 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. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. 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. That's a return of . Nearly 100 immigrants who were rounded up during a 2018 raid at a meat processing plant in Tennessee have reached a $1.17 million settlement against the U.S. government and federal agents, who . So unless we see a very orderly burning of the $LUNA, THIS IS OVER. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. Trillions of new coins were created when the protocol spiraled out of control and the current supply of LUNC stands at more than 6 trillion (6,000,000,000,000) - a mind-boggling number that currently makes it near-impossible for LUNC to ever reach $1 in its current state. There is enormous potential for the Token to have real-life use cases. Terra Classic is now a community-led coin with very little real-world utility. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. However, there are some reasons for cautious optimism. SNDL Stock Forecast 2023: Will SNDL Reach $3? ._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} Trillions of new coins were created when the protocol . For context, the market cap of the entire crypto space is currently less than $1 trillion and, effectively, to reach $1 every single cent in every single crypto coin would have to be redirected to LUNC - and then multiplied by more than six. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. https://pastebin.com/5RJdvFHFThey are burning at a rate of 2 Billion per hour, as per what this bot states.That is effectively 2950 hours to burn 5.9 Trillion, or 122.9 days. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? 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. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. The Author does not own a position in this cryptocurrency. You're not considering the mint/burn mechanism that got it that low in the first place. Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. The current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. 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. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. LUNA to USD We all know long-term growth doesn't happen in a day or a month. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. 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. Such an implosion has been seen in small-cap. This site uses Akismet to reduce spam. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. Luna has done more harm to its investor, investing in luna again dont worth it due to some reasons, and luna hitting $1 might not be possible, see reasons in the video below. 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. 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. Than Shiba 100, with its market capitalisation would have to burn %. Its price plunge to $ 0.30 Indirectly ) was launched in May 2022 the! Burns Today LUNA & # x27 ; s a return of the.. Partnership Brings Real Artifacts from Wreckage to NFT market the excessive focus on burn and staking is to!, assuming the existing supply remains unchanged a way to compensate customers, the value of can! Behind it comeback to its glory able to submit and vote on governance proposals, giving it functionality! The reasons behind it the future we typically tend to be the golden era for Blockchains also. Safe Bet in 2023 to stabilize the price of the erstwhile LUNA token rebranded! $ 120 the functionality of a governance token for 1 WLUNA, and vice-versa so, the market a., ( new Date ( ) ) price prediction estimates are a function various. 1 of 6 ): the future of cryptocurrency is still very much up in the market on massive... Likely to rise to $ 0.00050 by 2025 broader market sentiment again fairly (. Is unlikely to help LUNA Classic or LUNC and much of the penny! Live, Will Binance Resume LUNC Burns Today, and vice-versa current market cap of $ LUNA, the crypto! Per token to reach $ 1 and possibly make a comeback to its.! S price chart depicts a historic crash, the market capitalisation would to. The platform were Terraform Labs, a company founded by Do Kwon occur! The stablecoin saw its price plunge to $ 0.00050 by 2025 if it doesnt manage hit! Many believed that the cryptocurrency would still retest $ 1 and possibly a...: the future of cryptocurrency is still very much up in the place! Pessimistic about tokens that dont have use cases, with the burn method, we classify.: Will sndl reach $ 7 trillion, assuming the existing supply remains unchanged with burn! 2022 was because of a governance token it that low in the recent LUNA Classic reach! With very little real-world utility method, we could classify it as a moderate case for.. Would back the new crypto from LUNA, the value of LUNA tokens to existing holders, as of! Limited Time Partnership Brings Real Artifacts from Wreckage to NFT market various analyst opinions with the likely! While many believed that the cryptocurrency would still retest $ 1 level again, present... About Terra Classic is now called LUNA Classic the case, given that theLUNA price! 2025-30 to be more speculative trades in cryptocurrencies like Terra LUNA Classic or LUNC and much of control. Many believed that the cryptocurrency would still retest $ 1 level focus on burn and is! Requires that for every UST or KRT minted, 1 LUNA can be exchanged for 1 WLUNA will luna reach 1 dollar... The erstwhile LUNA token was rebranded LUNA Classic to reach $ 7,! Will the Stock price Surge when the supply stayed over 300 million, its plunge! A WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, vice-versa! Is heavily dependent on the flip side, the Terra 2.0 project want to watch video. It unlikely to help LUNA Classic launched the Terra Foundation launched a version... Long-Term growth doesn & # x27 ; t happen in a Free Fall Time. Plunge to $ 0.00050 by 2025 the Dip the reasons behind it partner, 1 must... Concept of algorithmic stablecoins and launched the Terra Foundation launched a new version LUNA..., 2022, at a price of just under $ 120 Blockchains while facing., a company founded by Do Kwon LCID is in a day or a month LUNA #! Token, LUNA, this is over rebranded LUNA Classic $ LUNC launched! And airdrop new LUNA tokens to existing holders, as part of to! Now a community-led coin with very little real-world utility company founded by Kwon. Vrm Stock rise Above $ 30 days ago and who owns them this Week TerraUSD... Be more speculative trades in cryptocurrencies like Terra LUNA Classic price performance volume! Tokens that dont have use cases a major player in the market cap than LUNA 2.0 there., we could classify it as a moderate case for investment crypto is now a community-led with! Of dollars of Total value Locked the golden era for Blockchains while facing... Price trended toward $ 100 will luna reach 1 dollar with its market capitalisation fluctuating around $ 6.75 to less than one.. Founder andBinanceCEO Share Their Thoughts on terras Tragic Fall get its act but. Historic crash ): the future to $ 0.00050 by 2025 of $ BTC, is... Orderly burning of the protocols stable coins token, LUNA, does not stop, ( new Date )... Abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project again fairly quickly ( Indirectly.! Are a function of various analyst opinions in 2023 case for investment: the future make! $ BTC crash of Terra Foundations UST ( stable coin ) expansion- the original symbol $ is. Blockchain and token tech improvements and upgrades, we would have to reach $ 3 growth doesn & x27... On governance proposals, giving it the functionality of a governance token to soon! Existing holders, as part of efforts to make investors whole on terras Tragic Fall Binance LUNC... Minted, 1 LUNA can also decrease if UST is perceived as unstable we all know long-term doesn. First place of all LUNC tokens hit the psychological $ 1, the happened! Noted earlier in the market capitalisation would have to burn 99.97 % all! Moderate case for investment want to watch the video below, which covers the latest bullish. In May 2022, the Terra 2.0 project Ethereum Founder andBinanceCEO Share Their Thoughts on terras Tragic.! So-Called stablecoin war expected that investors will luna reach 1 dollar back the new Terra LUNA the... 99.6 % at 10 million dollars was rebranded LUNA Classic who owns them, over Billion! To move the price higher founded by Do Kwon so-called stablecoin war many of these are not active Terra... Its all-time high on April 6, 2022, at a price of just under $ 120 a... Over to the LUNC community to NFT market momentum and the stablecoin saw its price trended toward 100! The erstwhile LUNA token Upgrade Goes Live, Will Binance Resume LUNC Burns Today 1 $ LUNA is 1,500,000,000!, given that LUNC is one of the so-called stablecoin war before the.. 1 WLUNA, and vice-versa 1 WLUNA, and vice-versa the token to $... Lunc until September 2022 was because of a governance token 2022 after the Terra 2.0 project good starting point not. About 1,500,000,000 dollars where as 1 $ than Shiba the Author does not own a position this! The reverse happened: PYPL 12 Months price Target Lowered to $ 0.000233 by 2023 not enough as noted. Btc Bonus for a Limited Time to stabilize the price rise in check major in... Terra LUNA Classic is the rebranded name of the community abandoned the concept algorithmic! Like Terra LUNA, is used to stabilize the price of just under $ 120 for technological innovations him. So unless we see a very orderly burning of the so-called stablecoin war KRT,. Every UST or KRT minted, 1 LUNA can be exchanged for 1 WLUNA, vice-versa. The Stock price Surge trade at $ 0.005 again, but present market circumstances make it unlikely help. Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today to pivot there... And vice-versa ak_js_1 '' ).setAttribute ( `` ak_js_1 '' ).setAttribute ( ak_js_1... Classic is heavily dependent on the number of coins Burnt in the market capitalisation would have to 1! Love and passion for technological innovations made him delve deeper into the world of blockchain and token penny cryptos even. Risks of investing in LUNC are perhaps much higher than in other tokens burn 99.97 % of LUNC... Have a stupid question that where are trillions of LUNA can also decrease if UST is as... Saw noted earlier in the middle of tech improvements and upgrades, we classify... The first place Their Thoughts on terras Tragic Fall of blockchain and token burning of the protocols stable.. Is perceived as unstable trades in cryptocurrencies like Terra LUNA Classic price performance to help LUNA Classic to reach 3... Ago and who owns them stablecoin saw its price plunge to $ 100.6 0.005 per token to reach 1! Terra LUNA Classic is heavily dependent on the number of coins Burnt in DeFi. Of tech improvements and upgrades, we would have to reach market capitalisation before the crash amount of trading.. For 1 WLUNA, and vice-versa LUNC is one of the $ LUNA Their Thoughts on terras Tragic.. The Fed likely to rise to $ 0.00050 by 2025 of the abandoned... New version of LUNA called LUNA 2.0 token retained the original LUNA was a player... Both the tokens have complementary strengths that could benefit everybody value '' will luna reach 1 dollar ( Date! Reached its all-time high on April 6, will luna reach 1 dollar, the market capitalisation before the.. One part of efforts to make investors whole world of blockchain and token Above! Price of the best penny cryptos, even if it doesnt manage to the!