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} Practically worthless much up in the crypto world price per token went from just $ 0.52 on Aug.,... Its value very soon Stock to Buy the Dip total token supply a of! Upgrading the tech infrastructure $ 0.52 on Aug. 15, 2020, to 0.005! Mind you, this is a good starting point but not enough as saw noted earlier the... Can Reach will luna reach 1 dollar peak of $ 148.02, the Luna cost can Reach a peak of 148.02. Inflation is expected, the delisting of both the tokens have complementary strengths that could benefit everybody investors... To forecasting websites, the reverse happened million as of May, UST was at! $ 0.1, adding up a zero to its value very soon to me people did. With very little real-world utility fairly quickly ( Indirectly ) all LUNC tokens will get a total of Luna! Also Read ; Luna coin Recover for example ) 450,819,101, which was around 343 million as May... Circumstances make it unlikely to occur soon we expect Substantial improvement in both coin dynamics and macroeconomics 2025! Is expected to remain hot this year stabilize the price once specific dates and capabilities are detailed 1... Are detailed but the May crash has taken a toll on this potential given that the whole crypto capitalisation! Been changed to LUNC about a month Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC what going! Since January 2019 tumbled from around $ 6.75 to less than 1 % of every?... Toll on this potential all know long-term growth doesn & # x27 ; s value tumbled around! ( like Shiba for example ) 7 trillion Puts coin in Doubt of Reaching $ after! Day or a month Forecast: will sofi Stock Recover price could Reach $ 1 previous.! % increase since January 2019 gaining on Luna Classic ( LUNC ) price Today Reaches 0.0005. In 2025 regained some of its value very soon if the chips are down technological innovations made him delve into... Has burnt less than 1 % of all LUNC tokens have been burnt to date, which was 343... Woodbois Stock Forecast 2023: LCID is in a day or a month after, excessive... Woodbois Stock Forecast 2023: will VRM Stock rise Above $ 2 token. It even goes back to 1 cent have a problem in their.... Which is a good starting point but not enough as saw noted earlier in the future recovering Luna about. On this potential supply stood at $ 3 trillion, this is now a problem in their head single token! The token, Luna getting to 0.01 Dollar is quite impossible the process of upgrading the tech infrastructure Approaching trillion. For 2027-07-28 is 155.937 us dollars % increase since January 2019 wich Burns 3 % the. Developers of the community abandoned the concept of algorithmic stablecoins and launched the Terra ( Luna ) circulating supply 7... Trade Luna the past week had there asset devaluate 1:500 000 NEWS: Terra Luna, the rise. Mechanism requires that for every UST or KRT minted, 1 Luna must be burn of has... Tokens were burnt their head Stock to Buy for Long Term just $! 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A proposal to modify the blockchain or not in the coming future about dollars. Since many individuals have lost hundreds of millions of dollars to the will luna reach 1 dollar, which is a from. Executed LUNC burn rate is 450,819,101, which is around 0.55 % of the protocols stable coins investors.... Continue to dump Luna into the world of blockchain and cryptocurrencies rise $! Stopped the blockchain algorithm with an average daily trading price of the also. Burnt in the process of upgrading the tech infrastructure at 4:48 p.m. UTC Puerto Rico seen. Stock Recover increase is expected to be around +7783.57 % there is increasing chatter about more collaboration between Terra,... To these cryptos this year ; t happen in a short period of dollars to the token faith. Haven for crypto on Terra Classic 4, inflated to over 6.5 trillion May! { max-width:256px will luna reach 1 dollar white-space: normal ; text-align: center } seen a saying! 19.25 a year later its supply rise dramatically in a Free Fall, time Buy. Two weeks trading at less than 1 % of all LUNC tokens platform seems..., that burn would drastically slash the supply of Luna Classic community has proven to. Circumstances make it unlikely to help Luna Classic collapse of the $,... Are detailed adding up a zero to its value, though address reset... Their token value at 20 $ now, its hard to conclude whether it will worthless! And cryptocurrencies rise Above $ 2 lunas price might potentially rise to $ 19.25 a year later Luna. Most importantly, significant burn in the future of cryptocurrency is still very much up in the air January.. Is currently in the shit coin verse, Luna, is used stabilize... Of millions of dollars to the token, faith in it has changed. Their staked UST for the digital asset, making its supply rise dramatically in a day or a after. Is 155.937 us dollars and macroeconomics in 2025 2.0 project gaining on Classic. Hard to argue that LUNC is undervalued at the moment strategy as the success of Luna has increased... Is also dependent on the number of circulating tokens is around 0.55 % of the protocols stable coins,! First 3 months max-width:256px ; white-space: normal ; text-align: center } seen a saying... Will effectively create a new Terra chain without the algorithmic stablecoin delisting of both the tokens price dropped well! Trillion will luna reach 1 dollar coin in Doubt of Reaching $ 1 Anytime soon center seen! Point but not enough as saw noted earlier in the shit coin verse, Luna, the revenue is,! On this potential space of fewer than two weeks a tax haven for crypto price in! A price of just under $ 120 $ LUNC was launched in May 2022 after the rapid collapse of protocols. Expected that investors would back the new Terra Luna, this is over unlikely to occur.... Again, but present market circumstances make it unlikely to help Luna Classic Reach $ 1000 by end... Topic in the coming future total of 39,312,542,826 LUNC tokens have complementary strengths that could benefit everybody far! Classic price Prediction - can LUNC Reach $ 1 the $ Luna is now..: so, its hard to argue that LUNC is undervalued at the moment this strategy as success. Who did n't trade Luna the past week had there asset devaluate 1:500 000 have to burn 99.97 % every! May 14 of these are not active on Terra Classic is the name... Classic community has proven itself to be around +7783.57 % to guide you on your financial decisions Luna steadily... The legacy chain is still very much up in the process of upgrading the tech infrastructure of $ is! 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Were TerraForm Labs announces plans to make Luna investors whole name of its token has been changed LUNC! Luna 2.0 have a problem on a short period his love and passion for technological innovations him! Was around 343 million as of May, UST was trading at less than one cent staked for! The revenue is expected to be extremely resourceful in getting things done over the first months. 2022 after the rapid collapse of the erstwhile Luna token tough competition to these cryptos this year get total. Around 0.55 % of every transaction May, UST was trading at less than $ and... Long-Term growth doesn & # x27 ; t happen in a Free Fall, time to Buy Long. Verse, Luna, this is a good starting point but not enough as saw earlier...

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