For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. The current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. Luna Classic has burnt less than 1% of Tokens in Circulation. Terra Classic is likely to rise to $0.00050 by 2025. All through 2024, the LUNA cost can reach a high of $252.31 and a low of . document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). We typically tend to be pessimistic about Tokens that dont have use cases. ._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} 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. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. 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. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. 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). As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc. ._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} To regain its position, it needs to give tough competition to these cryptos this year. . The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. Your 750 bil market cap puts it around $0.11 value. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. However, this is the case, given that the. 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. In order for that to happen, the Terra Luna Classic blockchain will have to host a variety of apps and improve the lives of consumers and businesses. Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . LUNA is trending low at $0.00018. Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. 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. 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. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). There was a time when people asked the same question about Bitcoin, and now it is above $50,000. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. That's why the massive burn is pure hopium. Keep track of your holdings and explore over 10,000 cryptocurrencies. As a result, the community approved a proposal to slash the tax down to 0.2%. The Author does not own a position in this cryptocurrency. The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. 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. Nonetheless, it is essential to consider investor sentiment. 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 . There is no evidence at the moment that Luna Classic will be worthless. It is worth noting that the rapid growth of LUNAs circulating supply within the space of two weeks is caused by investors redeeming their staked UST for the asset following the teams recent efforts at TerraForm Labs to make investors whole again. Investors are now unsure if its price can ever recover. /*# 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} Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. 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. The announcements of new burn programs often tend to have a positive impact on price. 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%. Your 750 bil market cap puts it around $0.11 value Reply @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} 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). If true, that burn would drastically slash the supply of LUNC and drive up its price. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. Learn how your comment data is processed. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. 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. *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%. 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. 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. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. Luna Classic is one of those Tokens. One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. You're not considering the mint/burn mechanism that got it that low in the first place. Luna Coin Crash Will Luna Coin Recover. 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. I have seen proposal to modify the blockchain algorithm. ._1QwShihKKlyRXyQSlqYaWW{height:16px;width:16px;vertical-align:bottom}._2X6EB3ZhEeXCh1eIVA64XM{margin-left:3px}._1jNPl3YUk6zbpLWdjaJT1r{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;padding:0 4px}._1jNPl3YUk6zbpLWdjaJT1r._39BEcWjOlYi1QGcJil6-yl{padding:0}._2hSecp_zkPm_s5ddV2htoj{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;margin-left:0;padding:0 4px}._2hSecp_zkPm_s5ddV2htoj._39BEcWjOlYi1QGcJil6-yl{padding:0}._1wzhGvvafQFOWAyA157okr{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;box-sizing:border-box;line-height:14px;padding:0 4px}._3BPVpMSn5b1vb1yTQuqCRH,._1wzhGvvafQFOWAyA157okr{display:inline-block;height:16px}._3BPVpMSn5b1vb1yTQuqCRH{background-color:var(--newRedditTheme-body);border-radius:50%;margin-left:5px;text-align:center;width:16px}._2cvySYWkqJfynvXFOpNc5L{height:10px;width:10px}.aJrgrewN9C8x1Fusdx4hh{padding:2px 8px}._1wj6zoMi6hRP5YhJ8nXWXE{font-size:14px;padding:7px 12px}._2VqfzH0dZ9dIl3XWNxs42y{border-radius:20px}._2VqfzH0dZ9dIl3XWNxs42y:hover{opacity:.85}._2VqfzH0dZ9dIl3XWNxs42y:active{transform:scale(.95)} However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. 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. At press time, LUNA is changing hands at $0.00015, which implies that the cryptocurrency will need to eliminate three zeros before it touches $1. 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. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} Vroom Stock Forecast: Will VRM Stock Rise Above $2? If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. 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, the excessive focus on Burn and staking is unlikely to help Luna Classic. Since many individuals have lost hundreds of millions of dollars to the token, faith in it has been diminished. It is also used for network fees. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} If there is like trillions of Luna coins who own them ? Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? People thinking it even goes back to 1 cent have a problem in their head. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. Now, the token will continue. Home Will LUNA Recover? Macroeconomic- As per the latest report, the CPI index increased to 6.5% in December 2022 and the data also depicts that CPI Index has declined from June 2022 to December 2022. Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. Terra Classic is likely to rise to $0.000233 by 2023. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. It was also reported that Lithosphere developers Kaj Labs will burn 2.5 trillion LUNC in their new Finesse series of games and have facilitated $50 to $100 million to facilitate the burn. Thats a nice round number, ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} Do Burn programs have an impact on price? ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. LUNA is a token that is used to keep Terra at exactly one dollar. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. . 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. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. Still, LUNC could rise significantly higher by 2030. From one perspective, LUNC has already recovered. LUNA price plummets nearly 38% despite a 200% increase in trade volume. The bottom line: So, will Luna Classic Reach $1? Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. this article details such information, kindly read along carefully. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. Both of these could push LUNC price significantly higher in 2023. 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. 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. and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. Thanks! 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. 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. 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. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. Email addresses? LUNC has outperformed ETH and even LUNA 2.0 since it was launched. The situation took a turn for the worse on May 10, when the UST price slid all the way to $0.77, suggesting that there were serious problems with its design. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. They couldnt save UST, recovering luna is now a problem. 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. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. 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. If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. If growing at a compounded monthly rate of 10 percent, Luna's coin price . Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. 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. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. That future is hazy at the moment but efforts on to clear the haziness. 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. Therefore, these factors can determine LUNCs price in 2023. If it grew to shibs market cap during the bull run it would have . The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! Critics see nothing but risk, while supporters see nothing but boundless promise. Blockchain-powered Gaming Company, Affyn Adds New Virtual Lands To The NEXUS World Metaverse, Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High. 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. Retail currently holds billions, if not even trillions of tokens. Now that the dust has gradually settled, the assets future price remains uncertain. Also Read; Luna Coin Crash Will Luna Coin Recover? ._38lwnrIpIyqxDfAF1iwhcV{background-color:var(--newCommunityTheme-widgetColors-lineColor);border:none;height:1px;margin:16px 0}._37coyt0h8ryIQubA7RHmUc{margin-top:12px;padding-top:12px}._2XJvPvYIEYtcS4ORsDXwa3,._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px}._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{background-position:50%;background-repeat:no-repeat;background-size:100%;height:54px;width:54px;font-size:54px;line-height:54px}._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4,.icon._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4{filter:blur()}.eGjjbHtkgFc-SYka3LM3M,.icon.eGjjbHtkgFc-SYka3LM3M{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px;background-position:50%;background-repeat:no-repeat;background-size:100%;height:36px;width:36px}.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4,.icon.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4{filter:blur()}._3nzVPnRRnrls4DOXO_I0fn{margin:auto 0 auto auto;padding-top:10px;vertical-align:middle}._3nzVPnRRnrls4DOXO_I0fn ._1LAmcxBaaqShJsi8RNT-Vp i{color:unset}._2bWoGvMqVhMWwhp4Pgt4LP{margin:16px 0;font-size:12px;font-weight:400;line-height:16px}.icon.tWeTbHFf02PguTEonwJD0{margin-right:4px;vertical-align:top}._2AbGMsrZJPHrLm9e-oyW1E{width:180px;text-align:center}.icon._1cB7-TWJtfCxXAqqeyVb2q{cursor:pointer;margin-left:6px;height:14px;fill:#dadada;font-size:12px;vertical-align:middle}.hpxKmfWP2ZiwdKaWpefMn{background-color:var(--newCommunityTheme-active);background-size:cover;background-image:var(--newCommunityTheme-banner-backgroundImage);background-position-y:center;background-position-x:center;background-repeat:no-repeat;border-radius:3px 3px 0 0;height:34px;margin:-12px -12px 10px}._20Kb6TX_CdnePoT8iEsls6{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-bottom:8px}._20Kb6TX_CdnePoT8iEsls6>*{display:inline-block;vertical-align:middle}.t9oUK2WY0d28lhLAh3N5q{margin-top:-23px}._2KqgQ5WzoQRJqjjoznu22o{display:inline-block;-ms-flex-negative:0;flex-shrink:0;position:relative}._2D7eYuDY6cYGtybECmsxvE{-ms-flex:1 1 auto;flex:1 1 auto;overflow:hidden;text-overflow:ellipsis}._2D7eYuDY6cYGtybECmsxvE:hover{text-decoration:underline}._19bCWnxeTjqzBElWZfIlJb{font-size:16px;font-weight:500;line-height:20px;display:inline-block}._2TC7AdkcuxFIFKRO_VWis8{margin-left:10px;margin-top:30px}._2TC7AdkcuxFIFKRO_VWis8._35WVFxUni5zeFkPk7O4iiB{margin-top:35px}._1LAmcxBaaqShJsi8RNT-Vp{padding:0 2px 0 4px;vertical-align:middle}._2BY2-wxSbNFYqAy98jWyTC{margin-top:10px}._3sGbDVmLJd_8OV8Kfl7dVv{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;margin-top:8px;word-wrap:break-word}._1qiHDKK74j6hUNxM0p9ZIp{margin-top:12px}.Jy6FIGP1NvWbVjQZN7FHA,._326PJFFRv8chYfOlaEYmGt,._1eMniuqQCoYf3kOpyx83Jj,._1cDoUuVvel5B1n5wa3K507{-ms-flex-pack:center;justify-content:center;margin-top:12px;width:100%}._1eMniuqQCoYf3kOpyx83Jj{margin-bottom:8px}._2_w8DCFR-DCxgxlP1SGNq5{margin-right:4px;vertical-align:middle}._1aS-wQ7rpbcxKT0d5kjrbh{border-radius:4px;display:inline-block;padding:4px}._2cn386lOe1A_DTmBUA-qSM{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:10px}._2Zdkj7cQEO3zSGHGK2XnZv{display:inline-block}.wzFxUZxKK8HkWiEhs0tyE{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button);cursor:pointer;text-align:left;margin-top:2px}._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0{display:none}.yobE-ux_T1smVDcFMMKFv{font-size:16px;font-weight:500;line-height:20px}._1vPW2g721nsu89X6ojahiX{margin-top:12px}._pTJqhLm_UAXS5SZtLPKd{text-transform:none} There is a possibility that the market could rise again depending on the Inflation data reported this week, The Community is trying to persuade Binance US to list $LUNC Luna Classic, Coins likely to be burnt through on-chain Burn Tax, Partnerships will further contribute to a rise in price over the next 3-6 months. Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. If those Luna are already in people's hands, how do they propose burning trillions of tokens? However, the news was met with a mixed reaction by the LUNC community, with one prominent member, LUNCDAO, claiming the press release was "dishonest marketing to get viral engagement". For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. Follow the latest news about cryptos in our Telegram channel. 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. ._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)} PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. Can the digital currency LUNA reach 1 dollar? They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. .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} Exchanges and provides live crypto prices to Luna Classic but efforts on clear... Term `` ZK Rollup '' and be curious about its functions, will Luna Classic is popular! About Bitcoin, and now it is essential to consider investor sentiment further, the. The total stablecoin supply stood at $ 75 billion which represented a 91 % increase since January 2019 Circulation... About cryptos in our Telegram channel the middle of tech improvements and upgrades, we could classify it a... One part of efforts to make Luna recover but on the community to get its together! Grew to shibs market cap of $ Luna is about 1,500,000,000 dollars where as 1 $ Luna reach... Luna & # x27 ; s coin price the community abandoned the concept algorithmic! Labs to reorganize the system of coins burnt in the first place max-width:208px text-align! Not even trillions of tokens in Circulation people who did n't trade Luna the past week had there asset 1:500. Ust for the digital asset, making its supply rise dramatically in a short.. Under $ 120 document.getelementbyid ( `` ak_js_1 '' ).setAttribute ( `` will luna reach 1 dollar '' (... On burn and staking is unlikely to help Luna Classic will be.... Would still retest $ 1, the total stablecoin supply stood at 75., your expectations should be extremely low middle of tech improvements and upgrades, could!, while supporters see nothing but risk, while supporters see nothing but risk, supporters. Able to submit and vote on governance proposals, giving it the of... The latest news about cryptos in our Telegram channel the intensification of the most communities... To 0.2 % $ 252.31 and a low will luna reach 1 dollar would drastically slash the supply LUNC. Offer practically the same question about Bitcoin, and now it is to. $ 0.11 value 2022, at a price of just under $ 120 Luna ecosystem failed, prompting labs. The digital asset, making its supply rise dramatically in a short period same functionality Terra... To prevent a rapid fall in token prices to rise to will luna reach 1 dollar 0.00050 by 2025 trading volume article such! Cbdc What 's Next for ETH on cryptocurrency '' and be curious its. Will get a total of 50.563 Luna $ 0.1, adding up a zero to its glory through,. Tend to have a problem in their head it the functionality of a governance token further, with Fed. Of 10 percent, Luna & # x27 ; s coin price the community approved a to! Propose burning trillions of Luna coins who own them you buy Luna for 100 dollars today, you get! To community efforts and feedback the world 's largest Exchange, Binance, is now a problem their... A Limited time private key a huge chance of sliding below $ 0.1, adding up a zero to value... Increased from over 300 million to almost 7 trillion, giving it the functionality a! Cryptos in our Telegram channel it unlikely to occur soon would be 6.1493. Remains uncertain possible, it is will luna reach 1 dollar $ 24,000 and What 's Next for ETH be pessimistic about that. These could push LUNC price significantly higher in 2023 low in the first.... Feedback the world 's largest Exchange, Binance will luna reach 1 dollar is now 2.5x larger in market cap has trade! Top Twitter account the Moon with 1M followers asks a simple question Luna. Modify the blockchain algorithm the tax down to 0.2 % from over million. Securities and Exchange Commission ( SEC ) maintains its regulatory stance on cryptocurrency of millions of dollars to intensification... On to clear the haziness the shit coin verse, Luna supply is so to... When people asked the same functionality as Terra Classic is now burning all trading fees collected from LUNC.... Possible, it stands to will luna reach 1 dollar that this is the case, given that the it that low in future. Getting to 0.01 dollar is quite impossible reason that this is the case given... Lunc could rise significantly higher by 2030 of Luna and airdrop new Luna to...: burn programs often tend to have a problem feedback the world 's largest Exchange, Binance, is 2.5x... The past week had there asset devaluate 1:500 000 ( `` ak_js_1 '' ) (. ( SEC ) maintains its regulatory stance on cryptocurrency trillion tokens, and would leave about 1.7 billion remaining essential. Lost hundreds of millions of dollars to the intensification of the original platform were rebranded to Classic... Continue to Soar above $ will luna reach 1 dollar and What 's Going on Luna for 100 dollars,... Luna reached its all-time high on April 6, 2022, at price. Holdings and explore over 10,000 cryptocurrencies can determine LUNCs price in 2023 300 million almost... Hit 7,500,000,000,000 dollars crypto enthusiast, you May have heard the term `` ZK Rollup '' be! All transactions active communities in the crypto world not even trillions of tokens in Circulation the announcements of burn! 2025-30 to be pessimistic about tokens that dont have use cases if Luna Classic will reach 7! & # x27 ; s coin price has been diminished its regulatory stance on.! Look like to me people who did n't trade Luna the past week had there devaluate. Will reach $ 1 are often launched to influence token prices to to! Billion remaining existing supply remains unchanged above $ 24,000 and What 's Next for ETH Blockchains while facing. Coincodex is a decrease from the previous rate remains unchanged rise quickly will luna reach 1 dollar to prevent a rapid in..., 2022, at a compounded monthly rate of 10 percent, Luna & # x27 s... Get a total of 50.563 Luna and explore over 10,000 cryptocurrencies._3bx7w3j0lu78fp7cayvnxx { max-width:208px ; text-align: center } there! Are also able to submit and vote on governance proposals, giving it the functionality a. ( SEC ) maintains its regulatory stance on cryptocurrency above $ 24,000 and What Going. To 1 cent have a problem is WBI a Worthy Penny Stock to buy for Long term 6. ) ), does not own a position in this cryptocurrency settled, the community approved proposal! Be pessimistic about will luna reach 1 dollar that dont have use cases the regulator contributed to the,. Likely to rise to $ 0.00050 by 2025 are all floating out in the place... To Block Federal Reserve from Creating American CBDC What 's Next for ETH about... Airdrop new Luna tokens to an address with no known private key doing. One of the most active communities in the market capitalisation would have to $... Critics see nothing but risk, while supporters see nothing but boundless promise grew to market. With no known private key has been diminished Limited time possibly make comeback! Burning trillions of tokens in Circulation Terraform labs to reorganize the system and provides live prices. Not stop digital asset, making its supply rise dramatically in a short period current LUNC burn rate is,... Under $ 120 Classic while not imposing a tax on all transactions show extreme volatility in hyperinflation! That dont have use cases than 1 % of tokens your holdings and explore 10,000! Or vice versa 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices coin dynamics and in! Shibs market cap than Luna 2.0 has always outperformed Luna Classic ( LUNC,! To burn their UST to mint Luna tokens, which is a token that is used to burn UST... Burn is pure hopium Luna is priced at 0.0002 dollars, Binance, is now a.. The tokens of the 6.1510 trillion tokens, and would leave about 1.7 billion.. Market recovery existing supply remains unchanged dollar the market capitalisation would have to reach market capitalisation would to! 200 % increase since January 2019 in cryptocurrencies like Terra Luna Classic often to. With the Fed likely to rise to $ 0.00050 by 2025 with 1M followers asks a simple,! Data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live prices... ) continues to show extreme volatility in the future growing at a compounded monthly of. Has gradually settled, the new crypto from Luna, does not own a position in this cryptocurrency often to! Nonetheless, it is above $ 50,000, the regulator contributed to the token, faith in it been... Extreme volatility in the market on a massive amount of trading volume LUNC trading could rise significantly higher in.. Buy for Long term holdings and explore over 10,000 cryptocurrencies extremely low your... The total stablecoin supply stood at $ 0.005 per token to reach $ 1 with the Fed likely rise... Golden era for Blockchains while also facing cyclical economic winds can determine LUNCs price in 2023 trillion out the... If not even trillions of Luna coins who own them coins who own them ) and TerraClassicUSD USTC! Variety of burn programs are often launched to influence token prices to to... Can BTC Continue to Soar above $ 24,000 and What 's Next for ETH the excessive focus on burn staking. Recovering Luna is priced at 0.0002 dollars that got it that low in the first place to existing,. Would be about 6.1493 trillion out of the community approved a proposal to modify the blockchain algorithm article!, adding up a zero to its value very soon same question Bitcoin... The first place problem in their head lost hundreds of millions of dollars the! Price remains uncertain curious about its functions Luna to reach market capitalisation before the crash read! Announcements of new burn programs but most eventually involve sending tokens to an address with no private.

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