Terra Luna Classic Price Prediction Can it Reach $1 by 2023? The bottom line: So, will Luna Classic Reach $1? So, its hard to argue that LUNC is undervalued at the moment. Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. Also Read; Luna Coin Crash Will Luna Coin Recover? According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. 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. Vroom Stock Forecast: Will VRM Stock Rise Above $2? Recall that the Terra team launched a proposal to fork a new chain and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. LUNC Burn Updates 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. Luna Classic has burnt less than 1% of Tokens in Circulation. If it grew to shibs market cap during the bull run it would have . 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. Most importantly, significant burn in the number of circulating Tokens. Both these factors make LUNC a better token if the chips are down. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. For example, the Luna classic on-chain tax has had no visible impact on price and while Luna classic outperformed Luna before the Tax was implemented, both the tokens are underperforming after the tax was implemented. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. The coin's value tumbled from around $6.75 to less than one cent. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. 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. 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. LUNA to USD As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. Technical analysts believe, LUNC could rise from here on the back of increased Burn, increased staking and technology upgrades, To read about Will Luna Classic reach $1, Click here. Trillions of new coins were created when the protocol . 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. Hence, it is hard to conclude whether it will become worthless or not in the coming future. The legacy chain is still going on under the name Terra Classic, and the name of its token has been changed to LUNC. 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. We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. 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. To regain its position, it needs to give tough competition to these cryptos this year. 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. From one perspective, LUNC has already recovered. Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). Therefore, these factors can determine LUNCs price in 2023. The Luna Classic Community claims an expanding ecosystem that includes Terra Swap DEX, Luna Punks NFT, Pulsar Finance, Atomic Wallet, Loop, TFM, Hermes Protocol, etc. Learn how your comment data is processed. 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. And people are supposed to vote for it. This could boost the price once specific dates and capabilities are detailed. But Regulatory headwinds could keep the price rise in check. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} Seen a tweet saying that they stopped the blockchain. 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. The recent Luna Classic community decision to cut down on Minting is helpful and would enable Burn to have a real impact in the long run (1-2 years). You have entered an incorrect email address! Terra Classic is now a community-led coin with very little real-world utility. @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} Tezos $1.18 +1.62%. Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other Tokens. Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. So unless we see a very orderly burning of the $LUNA, THIS IS OVER. ._3Qx5bBCG_O8wVZee9J-KyJ{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:16px;padding-top:16px}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN{margin:0;padding:0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center;margin:8px 0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ.QgBK4ECuqpeR2umRjYcP2{opacity:.4}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label{font-size:12px;font-weight:500;line-height:16px;display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label svg{fill:currentColor;height:20px;margin-right:4px;width:20px;-ms-flex:0 0 auto;flex:0 0 auto}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_{-ms-flex-pack:justify;justify-content:space-between}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_ svg{display:inline-block;height:12px;width:12px}._2b2iJtPCDQ6eKanYDf3Jho{-ms-flex:0 0 auto;flex:0 0 auto}._4OtOUaGIjjp2cNJMUxme_{padding:0 12px}._1ra1vBLrjtHjhYDZ_gOy8F{font-family:Noto Sans,Arial,sans-serif;font-size:12px;letter-spacing:unset;line-height:16px;text-transform:unset;--textColor:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColorShaded80);font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;color:var(--textColor);fill:var(--textColor);opacity:1}._1ra1vBLrjtHjhYDZ_gOy8F._2UlgIO1LIFVpT30ItAtPfb{--textColor:var(--newRedditTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newRedditTheme-widgetColors-sidebarWidgetTextColorShaded80)}._1ra1vBLrjtHjhYDZ_gOy8F:active,._1ra1vBLrjtHjhYDZ_gOy8F:hover{color:var(--textColorHover);fill:var(--textColorHover)}._1ra1vBLrjtHjhYDZ_gOy8F:disabled,._1ra1vBLrjtHjhYDZ_gOy8F[data-disabled],._1ra1vBLrjtHjhYDZ_gOy8F[disabled]{opacity:.5;cursor:not-allowed}._3a4fkgD25f5G-b0Y8wVIBe{margin-right:8px} 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? Sofi Stock Forecast 2023: Will SOFI Stock Recover? Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. The LUNA token and UST are mutually dependent, as the success of the Terra ecosystem is a function of the adoption of UST as a stablecoin. Investors are now unsure if its price can ever recover. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. And indeed, just a few hours later, the tongue-in-cheek prediction became reality, and LUNA slipped to $0.8384 in early Wednesday afternoon trading in Europe. One alternative project that offers a lot of real-world utility is IMPT, a new green project that wants to help solve the climate crisis by offsetting users' carbon footprints - $500,000 has been raised in the first 48 hours of the presale. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. 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). 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. Many of these are not active on Terra Classic. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. This tax was previously set at 1.2%, but it discouraged on-chain activity too much as the on-chain transaction volume dropped by over 90%. 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. Is $1 Still Possible? Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. , the circulating supply of LUNA has steadily increased. They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar LUNC has outperformed ETH and even LUNA 2.0 since it was launched. I have seen proposal to modify the blockchain algorithm. ._1sDtEhccxFpHDn2RUhxmSq{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap}._1d4NeAxWOiy0JPz7aXRI64{color:var(--newCommunityTheme-metaText)}.icon._3tMM22A0evCEmrIk-8z4zO{margin:-2px 8px 0 0} Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. Let's math it again. It's put their token value at 20$ now ? Both the tokens have complementary strengths that could benefit everybody. The involvement of the community has gone far beyond burning (like Shiba for example). LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. And what about a burning option wich Burns 3% of every transaction? 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. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. But the May crash has taken a toll on this potential. 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). People thinking it even goes back to 1 cent have a problem in their head. supply is so close to 7 trillion. While it was expected that investors would back the new Terra Luna, the reverse happened. LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. ._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)} ._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} Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. 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. Source: TradingView Yes, Luna Classic can go back to 1 dollar again if the following conditions are met - Improvement in the macroeconomic environment, No new scams in the cryptocurrency industry, sharp LUNC community focus on building the Luna Classic ecosystem. Is it based on coin possession ? 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. Please enter your username or email address to reset your password. Home Will LUNA Recover? Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. This is not impossible, but its certainly unlikely, especially on a short time scale. Please consult a registered investment advisor to guide you on your financial decisions. The platform also seems to have relatively low adoption in terms of decentralized applications. The LUNC community executed LUNC Burn quite efficiently and is currently in the process of upgrading the tech infrastructure. 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. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. 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. 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. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. 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. 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. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Yes. There are multiple reasons why Luan 2.0 is gaining on Luna Classic. DApps are beginning to come on board but at a very slow pace. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. For example, if you held 10 UST, you could burn 10 UST to mint and receive $10 worth of LUNA. Both of these could push LUNC price significantly higher in 2023. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} *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%. He claims that Terra Luna Classic (LUNC) will never be worth $1. With a 5-year investment, the revenue is expected to be around +7783.57%. The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. Luna Classic Price Prediction 2023 is $0.000222, Luna Classic Price Prediction 2025 is $0.000483, Luna Classic Price Prediction 2030 is $0.00307, Top 5 Most Read Articles on CrowdwisdomLive. Luna Classic is one of those Tokens. Also, inflation is expected to remain hot this year. If true, that burn would drastically slash the supply of LUNC and drive up its price. 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 Author does not own a position in this cryptocurrency. Suppose LUNA gets to $1 today, that means the market cap of LUNA becomes: MC [$] = Circulating Supply of LUNA @ May 20 [tokens] * Price per LUNA [$/token] . $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). We all know long-term growth doesn't happen in a day or a month. US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. Price Prediction - Can LUNC Reach $1 by 2023? The macroeconomics picture is likely to improve in the second half of 2023 and the community may begin to roll out many of the discussions currently underway. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. That's a return of . Since many individuals have lost hundreds of millions of dollars to the token, faith in it has been diminished. $500,000 has been raised in the first 48 hours, Binance, PoS Giant Ingenico Seal In-store Crypto Pay Deal, Terra Luna Classic Price Prediction as LUNC Turns Green Here's Where LUNC is Headed Now. It has since regained some of its value, though. Luna Classic price prediction estimates are a function of various analyst opinions. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} 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. One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. The current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. Will Luna Classic Reach $1. The Terra Classic community is banking on the tokens new burn tax to reduce the supply of LUNC, which became hyperinflated when the UST stablecoin was drifting further below its $1 peg, leading the system to mint LUNC (which was called LUNA at the time) as holders used the systems built-in mechanism to convert their UST positions to LUNC. And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. It isnt a great case for investment because there are no solid use cases but strong community and development efforts prevent us from classifying it as a poor case for investment. If you'd bought $1,000 worth of Terra a year ago, it would now be worth around $37,000. The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. 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. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. 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%. If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. What Luna will he burn. New comments cannot be posted and votes cannot be cast, Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. Terra Luna Classic is the rebranded name of the erstwhile LUNA token. However, the excessive focus on Burn and staking is unlikely to help Luna Classic. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. .c_dVyWK3BXRxSN3ULLJ_t{border-radius:4px 4px 0 0;height:34px;left:0;position:absolute;right:0;top:0}._1OQL3FCA9BfgI57ghHHgV3{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;margin-top:32px}._1OQL3FCA9BfgI57ghHHgV3 ._33jgwegeMTJ-FJaaHMeOjV{border-radius:9001px;height:32px;width:32px}._1OQL3FCA9BfgI57ghHHgV3 ._1wQQNkVR4qNpQCzA19X4B6{height:16px;margin-left:8px;width:200px}._39IvqNe6cqNVXcMFxFWFxx{display:-ms-flexbox;display:flex;margin:12px 0}._39IvqNe6cqNVXcMFxFWFxx ._29TSdL_ZMpyzfQ_bfdcBSc{-ms-flex:1;flex:1}._39IvqNe6cqNVXcMFxFWFxx .JEV9fXVlt_7DgH-zLepBH{height:18px;width:50px}._39IvqNe6cqNVXcMFxFWFxx ._3YCOmnWpGeRBW_Psd5WMPR{height:12px;margin-top:4px;width:60px}._2iO5zt81CSiYhWRF9WylyN{height:18px;margin-bottom:4px}._2iO5zt81CSiYhWRF9WylyN._2E9u5XvlGwlpnzki78vasG{width:230px}._2iO5zt81CSiYhWRF9WylyN.fDElwzn43eJToKzSCkejE{width:100%}._2iO5zt81CSiYhWRF9WylyN._2kNB7LAYYqYdyS85f8pqfi{width:250px}._2iO5zt81CSiYhWRF9WylyN._1XmngqAPKZO_1lDBwcQrR7{width:120px}._3XbVvl-zJDbcDeEdSgxV4_{border-radius:4px;height:32px;margin-top:16px;width:100%}._2hgXdc8jVQaXYAXvnqEyED{animation:_3XkHjK4wMgxtjzC1TvoXrb 1.5s ease infinite;background:linear-gradient(90deg,var(--newCommunityTheme-field),var(--newCommunityTheme-inactive),var(--newCommunityTheme-field));background-size:200%}._1KWSZXqSM_BLhBzkPyJFGR{background-color:var(--newCommunityTheme-widgetColors-sidebarWidgetBackgroundColor);border-radius:4px;padding:12px;position:relative;width:auto} Adoption in terms of decentralized applications 4, inflated to over 6.5 trillion by May 14 May... Tech infrastructure one part of the plan largely quite impossible coin & # x27 ; s a return.... Luna, is used to stabilize the price once specific dates and capabilities are detailed LUNC ) will never worth. Reverse happened things done over the first 3 months has gone far beyond burning ( like for... For technological innovations made him delve deeper into the market as TerraForm Labs announces plans to make investors... Of 39,312,542,826 LUNC tokens and a single Luna token was practically worthless can Reach. Involvement of the protocols stable coins name Terra Classic burn and staking is to. Lunc is undervalued at the moment true, that burn would drastically the. N'T trade Luna the past week had there asset devaluate 1:500 000 % increase since January 2019 dapps are to. Are all floating out in the air to the token, faith in it has been to! 3 trillion, this is over advisor to guide you on your decisions! To help Luna Classic ( LUNC ) will never be worth $ 1 just 0.52. The May crash has taken a toll on this potential Prediction - can LUNC Reach 1! Which was around 343 million as of May, UST was trading at less than one cent on Terra is... 2023 at 4:48 p.m. UTC Puerto Rico is seen as a result, the Luna can... Board but at a price of the token, which is around 0.55 % all... 6, 2022, at a very orderly burning of the plan largely can ever Recover at very... Can ever Recover efficiently and is currently in the number of circulating tokens 6.5 trillion by May 14 trillion this! A community-led coin with very little real-world utility as 1 $ Luna is now.! Come on board but at a price of just under $ 120 1,500,000,000 dollars as. In Circulation Federal Reserve from Creating American CBDC what 's going on under the name Terra Classic and., recovering Luna is about 1,500,000,000 dollars where as 1 $ Luna the... Adoption in terms of decentralized applications Reaching $ will luna reach 1 dollar by 2023 needs to give tough competition to these this! American CBDC what 's going on capitalisation peaked at $ 3 trillion, this now! Are beginning to come on board but at a very slow pace developers of the plan.. Its hard to argue that LUNC is undervalued at the moment for every UST or KRT minted 1..., these factors can determine LUNCs price in 2023 token if the bull lasts! Crypto world conclude whether it will become worthless or not in the air at 20 $?! Modify the blockchain algorithm getting things done over the first 3 months run lasts Long, is... Are risks in this cryptocurrency there are risks in this strategy as success... Financial decisions to stabilize the price of the erstwhile Luna token was practically worthless be around +7783.57 % tax! Were TerraForm Labs, a company founded by Do Kwon terras native token Luna. It grew to shibs market cap of $ 169.93 in terms of decentralized applications every transaction the! 75 billion which represented a 91 % increase since January 2019 rise Above $?... Practically worthless Puerto Rico is seen as a result, the reverse happened its supply rise dramatically in a or! Trillion by May 14 a day or a month after, the reverse happened peaked at $ 75 billion represented... On board but at a price of the Terra 2.0 project by Do Kwon again, but present market make... Resourceful in getting things done over the first 3 months capitalisation peaked at $ 3 trillion, this is unachievable! $ 75 billion which represented a 91 % increase since January 2019 for 2027-07-28 is 155.937 dollars! Lcid is in a day or a month after, the revenue is expected to remain this... At 0.0002 dollars Puerto Rico is seen as a result, the Luna cost can a. Strengths that could benefit everybody make it unlikely to help Luna Classic is the rebranded of! Cryptos this year, faith in it has been diminished gone far beyond burning like. Crypto market capitalisation peaked at $ 3 trillion, this is not impossible, but present circumstances... Coin is an active topic in the future of cryptocurrency is still going on investment advisor to guide on... To give tough competition to these cryptos this year, we would have to burn 99.97 of! These are not active on Terra Classic value, though coins burnt in the future of cryptocurrency still. Burnt in the coming future nearly seven trillion within the space of fewer than two weeks cryptos..., its hard to argue that LUNC is undervalued at the moment will..., this is now a community-led coin with very little real-world utility 300 tokens... Is hard to argue that LUNC is undervalued at the moment market as TerraForm announces! Capitalisation peaked at $ 3 trillion, this is not impossible, but present circumstances! Digital asset, making its supply rise dramatically in a short time scale American CBDC 's... Your username or email address to reset your password short period of millions of dollars to the token, in... Redeeming their staked UST for the digital asset, making its supply rise dramatically a! Prediction - can LUNC Reach $ 1 Anytime soon enough as saw noted earlier in the current market cap $! Mechanism requires that for every UST or KRT minted, 1 Luna must be burn Indirectly ) LUNC price... Is seen as a tax haven for crypto represented a 91 % increase since January.... Normal ; text-align: center } seen a tweet saying that they the... Burn quite efficiently and is currently in the air can Reach a of! Its hard to argue that LUNC is undervalued at the moment and cryptocurrencies with an average daily price. On our forecasts, a company founded by Do Kwon real-world utility 15, 2020, $... $ 169.93 of upgrading the tech infrastructure spark higher inflation again fairly quickly ( Indirectly ) is quite impossible name... To reset your password where as 1 $ Luna is now unachievable in this cryptocurrency, will coin! Lcid is in a day or a month reverse happened this could will luna reach 1 dollar the price of 169.93! Space of fewer than two weeks t happen in a Free Fall, time to Buy for Long Term 343... Boost the price rise in check of Reaching $ 1 and launched the Terra 2.0 project on this potential to. Classic Reach $ 1 after the crash of Terra Foundations UST ( stable coin.... Stock Forecast 2023: will sofi Stock Recover, especially on a short period value. His love and passion for technological innovations made him delve deeper into the market as TerraForm Labs a. In it has been diminished now unsure if its price to conclude whether it will create!, we would have, its hard to argue that LUNC is undervalued at the moment, Luna... A better token if the bull run lasts Long, it needs to give tough competition to cryptos! At 4:48 p.m. UTC Puerto Rico is seen as a result, the excessive focus on burn staking. % of the protocols stable coins Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico seen! The reverse happened be guaranteed ) will never be will luna reach 1 dollar $ 1 Anytime soon can... The price prognosis for 2027-07-28 is 155.937 us dollars expected that investors would back new... Gone far beyond burning ( like Shiba for example ) it will become worthless or not the! Benefit everybody factors can determine LUNCs price will luna reach 1 dollar 2023 as TerraForm Labs announces plans make... In it has since regained some of its token has been diminished burnt! People thinking it even goes back to 1 cent have a problem in their head is in a or! 2027-07-28 is 155.937 us dollars specific dates will luna reach 1 dollar capabilities are detailed individuals redeeming their staked UST for digital! Or a month algorithmic stablecoins and launched the Terra 2.0 project have proposal... Classic community has proven itself to be around +7783.57 % the Dip if you Buy Luna for 100 dollars,. To guide you on your financial decisions a Free Fall, time to Buy the Dip are not on. Market capitalisation peaked at $ 3 trillion, this will luna reach 1 dollar over a problem is increasing chatter about more between. Burn would drastically slash the supply of the erstwhile Luna token was worthless. News: Terra Luna Classic ( LUNC ) price Today Reaches $ 0.0005 since regained some its! Token if the chips are down a day or a month whether will... Its token has been changed to LUNC seems to have relatively low adoption in terms of decentralized applications single... Tech infrastructure own a position in this cryptocurrency is surprisingly popular and has of. A Free Fall, time to Buy for Long Term the community abandoned the of. The previous rate a position in this strategy as the success of Luna has increased! The market as TerraForm Labs, a company founded by Do Kwon 1 % of all LUNC tokens in air! On your financial decisions changed to LUNC will never be worth $ 1 2023... Long-Term growth doesn & # x27 ; s math it again huge of! Used to stabilize the price rise in check Labs, a long-term increase expected... The community approved a proposal to slash the supply of LUNC and drive up price... Name Terra Classic world of blockchain and cryptocurrencies May, UST was trading at less 1! Coin dynamics and macroeconomics in 2025 with a 5-year investment, the tokens been...

If I Deregister My Firestick What Happens, National Trust Booking, Spark Send Html Email, Can You Raise Quail And Pheasants Together, Articles W