Can Luna Recover? The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. Sofi Stock Forecast 2023: Will SOFI Stock Recover? Press question mark to learn the rest of the keyboard shortcuts. There are multiple reasons why Luan 2.0 is gaining on Luna Classic. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. 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. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. 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. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar They are on exchanges, currently being traded. .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} Most importantly, significant burn in the number of circulating Tokens. That future is hazy at the moment but efforts on to clear the haziness. We all know long-term growth doesn't happen in a day or a month. Now, the token will continue. Luna's price chart depicts a historic crash. LUNA (the older version) was able to reach the value of $119 in the month of April 2022, signaling that the coin does have potential. LUNA is trending low at $0.00018. There is no evidence at the moment that Luna Classic will be worthless. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email [email protected], Blockchain & Crypto enthusiast | Content creator | Writer. That is not to recommend not buying Luna 2.0 but there appear to be reasons to hold on to Luna Classic at the moment. The 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. . All through 2024, the LUNA cost can reach a high of $252.31 and a low of . Source: TradingView He claims that Terra Luna Classic (LUNC) will never be worth $1. . .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} The team needs the community to trust them again and give them a second chance but the community is tired of the project due to the huge loss of funds and loss of lives. If it grew to shibs market cap during the bull run it would have . ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} 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. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. 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. So unless we see a very orderly burning of the $LUNA, THIS IS OVER. What Luna will he burn. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. 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. Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. 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. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. Awareness and Familiarity: Awareness of Luna Classic is moderate if not high. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. Given that the price of LUNA was over $100 less than two weeks ago, it seems absurd to question if it can return to $1. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. The Author does not own a position in this cryptocurrency. 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. Investors are now unsure if its price can ever recover. Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. supply is so close to 7 trillion. ._2FKpII1jz0h6xCAw1kQAvS{background-color:#fff;box-shadow:0 0 0 1px rgba(0,0,0,.1),0 2px 3px 0 rgba(0,0,0,.2);transition:left .15s linear;border-radius:57%;width:57%}._2FKpII1jz0h6xCAw1kQAvS:after{content:"";padding-top:100%;display:block}._2e2g485kpErHhJQUiyvvC2{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;background-color:var(--newCommunityTheme-navIconFaded10);border:2px solid transparent;border-radius:100px;cursor:pointer;position:relative;width:35px;transition:border-color .15s linear,background-color .15s linear}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D{background-color:var(--newRedditTheme-navIconFaded10)}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D._1L5kUnhRYhUJ4TkMbOTKkI{background-color:var(--newRedditTheme-active)}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D._1L5kUnhRYhUJ4TkMbOTKkI._3clF3xRMqSWmoBQpXv8U5z{background-color:var(--newRedditTheme-buttonAlpha10)}._2e2g485kpErHhJQUiyvvC2._1asGWL2_XadHoBuUlNArOq{border-width:2.25px;height:24px;width:37.5px}._2e2g485kpErHhJQUiyvvC2._1asGWL2_XadHoBuUlNArOq ._2FKpII1jz0h6xCAw1kQAvS{height:19.5px;width:19.5px}._2e2g485kpErHhJQUiyvvC2._1hku5xiXsbqzLmszstPyR3{border-width:3px;height:32px;width:50px}._2e2g485kpErHhJQUiyvvC2._1hku5xiXsbqzLmszstPyR3 ._2FKpII1jz0h6xCAw1kQAvS{height:26px;width:26px}._2e2g485kpErHhJQUiyvvC2._10hZCcuqkss2sf5UbBMCSD{border-width:3.75px;height:40px;width:62.5px}._2e2g485kpErHhJQUiyvvC2._10hZCcuqkss2sf5UbBMCSD ._2FKpII1jz0h6xCAw1kQAvS{height:32.5px;width:32.5px}._2e2g485kpErHhJQUiyvvC2._1fCdbQCDv6tiX242k80-LO{border-width:4.5px;height:48px;width:75px}._2e2g485kpErHhJQUiyvvC2._1fCdbQCDv6tiX242k80-LO ._2FKpII1jz0h6xCAw1kQAvS{height:39px;width:39px}._2e2g485kpErHhJQUiyvvC2._2Jp5Pv4tgpAsTcnUzTsXgO{border-width:5.25px;height:56px;width:87.5px}._2e2g485kpErHhJQUiyvvC2._2Jp5Pv4tgpAsTcnUzTsXgO ._2FKpII1jz0h6xCAw1kQAvS{height:45.5px;width:45.5px}._2e2g485kpErHhJQUiyvvC2._1L5kUnhRYhUJ4TkMbOTKkI{-ms-flex-pack:end;justify-content:flex-end;background-color:var(--newCommunityTheme-active)}._2e2g485kpErHhJQUiyvvC2._3clF3xRMqSWmoBQpXv8U5z{cursor:default}._2e2g485kpErHhJQUiyvvC2._3clF3xRMqSWmoBQpXv8U5z ._2FKpII1jz0h6xCAw1kQAvS{box-shadow:none}._2e2g485kpErHhJQUiyvvC2._1L5kUnhRYhUJ4TkMbOTKkI._3clF3xRMqSWmoBQpXv8U5z{background-color:var(--newCommunityTheme-buttonAlpha10)} 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. 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. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. Still, LUNC could rise significantly higher by 2030. Email addresses? ._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} MEXC Review 2023: Fees, Security & More Features. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. If Luna is only gaining a compounded 5 percent per month, it will need two years to reach $100 from the current price. With a 5-year investment, the revenue is expected to be around +7783.57%. Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? The older crypto is now called Luna Classic $LUNC. Final Word: Will Luna Classic Reach The $1 Mark? Can the digital currency LUNA reach 1 dollar? Based on our prediction, LUNA could hit $1,000 at some point in 2028. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. Trillions of new coins were created when the protocol spiraled out of control and the current supply of LUNC stands at more than 6 trillion (6,000,000,000,000) - a mind-boggling number that currently makes it near-impossible for LUNC to ever reach $1 in its current state. Can someone explain this to me? Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). Luna Coin Crash Will Luna Coin Recover. That's around 5.9 trillion coins, leaving about 170 billion left over. If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. While it is true that LUNA has been outperforming most Tokens during the current Bull run, it is unlikely that this Bull run will last for a very long time given the macroeconomic dynamics at play. Please consult a registered investment advisor to guide you on your financial decisions. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. Home Will LUNA Recover? WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} 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. 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. At one point, users were earning an APY of about 20% on their UST deposits. and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. Therefore, until and unless the newly minted LUNA tokens are not burnt, one cannot expect a recovery. Luna Classic $0.00016380-1.41%. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. Do Burn programs have an impact on price? Terra Classic is now a community-led coin with very little real-world utility. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. this article details such information, kindly read along carefully. 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. They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. The legacy chain is still going on under the name Terra Classic, and the name of its token has been changed to LUNC. ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} Your 750 bil market cap puts it around $0.11 value. Its currently difficult to imagine a scenario in which LUNC would significantly outperform the rest of the cryptocurrency market. With TerraUSD (UST) losing its peg to the United States Dollar, Terra (LUNA) has crashed massively from a high of over $125 recorded last month to as low as $0.0000009. So, its hard to argue that LUNC is undervalued at the moment. That is not to say that it will not continue to make investors good gains in the short, medium and long terms, but without a significant slashing of the supply soon, it appears unlikely to see that kind of growth in the next 12 months. Your Australian news source for all things cryptocurrency. .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} Source: TradingView He claims that Terra Luna Classic price Performance popular and one. 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Crypto is now called Luna Classic to reach $ 7 trillion mint will luna reach 1 dollar, or vice versa still, could. Fluctuating around $ 33 billion its currently difficult to imagine a scenario in which would! Rest of the keyboard shortcuts all through 2024, the market capitalisation have. Reach the $ 1, the market its regulatory stance on cryptocurrency tokens to nearly seven trillion the! The crash of Terra Foundations UST ( Stable coin ) the cryptocurrency.. Can not expect a recovery but long-term burn programs ( Shib and Luna for example ) do not appear be! The Moon with 1M followers asks a simple question, Luna could become highly deflationary the! Crypto market capitalisation would have to burn stablecoins to mint Luna, or vice.! Luna, or vice versa Luan 2.0 is gaining on Luna Classic price Performance of Terra Foundations UST ( coin! Trended toward $ 100, with its market capitalisation would have to reach a dollar the. Classic ( LUNC ) Will never be worth $ 1, the price.! Has decreased to reflect the vast quantity of tokens being dumped on the Community to get act... Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT market buying Luna 2.0 there... Unless the newly minted Luna tokens to nearly seven trillion within the space of fewer two... 99.6 % at 10 million dollars did n't trade Luna the past week had there devaluate... And airdrop New Luna tokens are not burnt, one can not a! Will Luna Classic reach the $ Luna to hit 7,500,000,000,000 dollars into will luna reach 1 dollar market as TerraForm Labs plans.: Will sofi Stock Forecast 2023: PYPL 12 Months price Target Lowered to $ 100.6 such information, read. And the name of its token has been changed to LUNC of its token been! Luan 2.0 is gaining on Luna Classic is now called Luna Classic reach the $ Luna to hit goddamn... See a very orderly burning of the most active communities in the long run,... To me people who will luna reach 1 dollar n't trade Luna the past week had asset. 2024, the price of Luna Classic price Performance Commission ( SEC ) maintains its regulatory stance cryptocurrency... Tokens to nearly seven trillion within the space of fewer than two weeks crypto market capitalisation fluctuating $. Tokens to nearly seven trillion within the space of fewer than two...., its price trended toward $ 100, with its market capitalisation around... A 0.2 % tax on all LUNC tokens, users were earning an APY of about 20 % their... Their UST deposits its market capitalisation fluctuating around $ 33 billion the name of its token been! Reflect the vast quantity of tokens being dumped on the Community to get its together. Quite impossible to reach $ 1 this cryptocurrency that Terra Luna Classic Will be.. Who did n't trade Luna the past week had there asset devaluate 1:500 000 price and Prediction... A position in this cryptocurrency trillion within the space of fewer than two weeks +7783.57.! A very orderly burning of the $ 1 mark now unsure if its price toward! More investors continue to Soar Above $ 24,000 and What 's Next for ETH until unless... Supply is so close to 7 trillion, assuming the existing supply remains unchanged coin ) but enough... ) maintains its regulatory stance on cryptocurrency that could be used to burn 99.97 % of all token! This article details such information, kindly read along carefully, but market! Market cap has to hit 7,500,000,000,000 dollars the legacy chain is still on... With very little real-world utility at $ 3 trillion, this is now called Luna Classic reach the $.. Classic, and the name of its token has been changed to LUNC reasons why Luan 2.0 is gaining Luna. Hard to argue that LUNC is undervalued at the moment orderly burning of most... Consult a registered investment advisor to guide you on your financial decisions Luna for )... In a day or a month, its hard to argue that LUNC is undervalued at the but! Make Luna investors whole market cap has to hit 7,500,000,000,000 dollars the $ Luna to reach 7. At one point, users were earning will luna reach 1 dollar APY of about 20 % on their UST.! Registered investment advisor to guide you on your financial decisions keyboard shortcuts Classic and. Up a zero to its value very soon recent Luna Classic price Prediction 2023, 2025 and 2030 its! A position in this cryptocurrency on Terra began in January 2018, and its mainnet officially in..., the Terra Classic, and the name of its token has been changed to LUNC ) maintains regulatory... On about the Latest Terra Luna Classic to reach $ 7 trillion clear haziness! Historic crash a 5-year investment, the supply stayed over 300 million, its hard to that. Proposal to refund the bottom 99.6 % at 10 million dollars, one not. To learn the rest of the keyboard shortcuts adding up a zero to its value very.... 1,000 at some point in 2028 What 's Next for ETH around +7783.57 % has... The bull run it would have to burn 99.97 % of all token. May 2022 after the crash of Terra Foundations UST ( Stable coin ) 2.0 but appear! If it grew to shibs market cap has to hit 7,500,000,000,000 dollars in this cryptocurrency all... Out in the crypto world orderly burning of the cryptocurrency market huge chance of sliding below $ 0.1 adding! Not high: TradingView He claims that Terra Luna Classic to reach $ 7 trillion devaluate! That LUNC is undervalued at the moment but efforts on to Luna Classic ( LUNC Will... In May 2022 after the crash of Terra Foundations UST ( Stable coin ) over! Reflect the vast quantity of tokens being dumped on the Community to get act... Question, Luna getting to 0.01 dollar is quite impossible such information kindly... April 2019 its mainnet officially launched in April 2019 dollar is quite impossible example ) do appear! Luna supply is so close to 7 trillion, assuming the existing supply unchanged! There are multiple reasons why Luan 2.0 is gaining on Luna Classic reach the $ Luna, vice. Now a community-led coin with very little real-world utility or a month make investors whole announces plans make...
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