LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? The new . The risk is high because Terra Classics success is dependent on the Community getting its act together. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). Luna management- There is new leadership under former developers that could turn this around. Competition- LUNC was unable to outperform LUNA 2.0 and ETH for the past 3 months. The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. Terra Luna Classic reaching $1 still seems a very long way off and from its current price would mean growth of more than 300,000%. The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. 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. UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. ._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} As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. This is a high-risk forecast which means that there is a high possibility of failure. 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. The coin has a market capitalization of over $1 billion, despite the chains DeFi ecosystem having a TVL of only about $6.5 million as of December 9, 2022. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. ._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)} Now, the token will continue. This should drive the price of Luna Classic significantly higher. Investors are now unsure if its price can ever recover. 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. The older LUNA token was rebranded Luna Classic or LUNC and much of the control was handed over to the LUNC community. 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. Top ZK Rollup Projects Early 2023: A Curated List, Chinese Coins Gains Double-Digit As $92 Billion Injected Into Market, Stablecoin War Intensified Amid Regulatory Crackdown, LUNA tokens price has been recently below $0.0001, CEO Share Their Thoughts On Terras Tragic Fall, Messari Report: GameFi Adoption Declines 30% Since October 2022, Bank of England Governor Says There Will Be A Flee From Crypto Assets, Best Crypto Youtube Channels For Crypto Enthusiasts 2023, 11 Best Crypto Debit Cards In Australia: A Curated List 2022, Bybit Australia Review 2023: Fees, Security & More Features, CoinSpot Review 2023: Details, Fees & Features, Kucoin Review 2023: Features, Fees & More, Lawyers Flame SEC Chair Over Claims All Crypto Are Securities. Awareness and Familiarity: Awareness of Luna Classic is moderate if not high. That's why the massive burn is pure hopium. ._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} Follow the latest news about cryptos in our Telegram channel. Can Luna Recover? 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] . Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? 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. With TerraUSD (UST) losing its peg to the dollar, Terra (LUNA) crashed significantly from last month's high of over $116 to $0.0000009. Meanwhile, the LUNA crypto forecast from PricePrediction.net suggests a resurgence is not likely, and that the cryptocurrency will only have an average $0.0004 price point in 2025. 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. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Funds Special Drawing Rights basket of currencies and it intends to roll out additional options. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. Your Australian news source for all things cryptocurrency. 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. Such a massive supply is the reason that the community wants no fork but only LUNA burning. This is certainly not out of the question if the cryptocurrency market as a whole enters a more bullish phase. There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. 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. Luna Classic can be bought on numerous major centralized and decentralized crypto exchanges including Binance, KuCoin, Kraken, Gemini, OKX, Huobi, Gate.io, Bybit, Uniswap, and PancakeSwap. 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. The coin's value tumbled from around $6.75 to less than one cent. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. 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. I have seen proposal to modify the blockchain algorithm. Email addresses? Source: TradingView Terra Classic is likely to rise to $0.00050 by 2025. 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. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. This is not impossible, but its certainly unlikely, especially on a short time scale. Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. 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. Sofi Stock Forecast 2023: Will SOFI Stock Recover? 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. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. 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. 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? In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. @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} To regain its position, it needs to give tough competition to these cryptos this year. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. At the time of writing, the LUNC price prediction on CoinCodex is suggesting that the Luna Classic price will increase to $0.000833 one year from now (February 2024). While UST was not added to the plan, investors who were badly affected by the dip were left with no choice but to redeem their staked UST for LUNA. 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. Trillions of new coins were created when the protocol . He claims that Terra Luna Classic (LUNC) will never be worth $1. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. Your 750 bil market cap puts it around $0.11 value Reply LUNA reached its all-time high on April 6, 2022, at a price of just under $120. 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. There are multiple reasons why Luan 2.0 is gaining on Luna Classic. this is extremely difficult to do because it requires a lot of attention from the public and finance to power the project. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. Therefore, until and unless the newly minted LUNA tokens are not burnt, one cannot expect a recovery. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. However, the intense community engagements make Luna Classic different. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. Tezos $1.18 +1.62%. Luna Classic $0.00016380-1.41%. The chain upgrade will commence a few hours after the Launch snapshot. 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. Terra Luna Classic Price Prediction Can it Reach $1 by 2023? The liquidity injection by the Peoples Bank of China caused the price increase of Chinese crypto projects. Also, inflation is expected to remain hot this year. .c_dVyWK3BXRxSN3ULLJ_t{border-radius:4px 4px 0 0;height:34px;left:0;position:absolute;right:0;top:0}._1OQL3FCA9BfgI57ghHHgV3{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;margin-top:32px}._1OQL3FCA9BfgI57ghHHgV3 ._33jgwegeMTJ-FJaaHMeOjV{border-radius:9001px;height:32px;width:32px}._1OQL3FCA9BfgI57ghHHgV3 ._1wQQNkVR4qNpQCzA19X4B6{height:16px;margin-left:8px;width:200px}._39IvqNe6cqNVXcMFxFWFxx{display:-ms-flexbox;display:flex;margin:12px 0}._39IvqNe6cqNVXcMFxFWFxx ._29TSdL_ZMpyzfQ_bfdcBSc{-ms-flex:1;flex:1}._39IvqNe6cqNVXcMFxFWFxx .JEV9fXVlt_7DgH-zLepBH{height:18px;width:50px}._39IvqNe6cqNVXcMFxFWFxx ._3YCOmnWpGeRBW_Psd5WMPR{height:12px;margin-top:4px;width:60px}._2iO5zt81CSiYhWRF9WylyN{height:18px;margin-bottom:4px}._2iO5zt81CSiYhWRF9WylyN._2E9u5XvlGwlpnzki78vasG{width:230px}._2iO5zt81CSiYhWRF9WylyN.fDElwzn43eJToKzSCkejE{width:100%}._2iO5zt81CSiYhWRF9WylyN._2kNB7LAYYqYdyS85f8pqfi{width:250px}._2iO5zt81CSiYhWRF9WylyN._1XmngqAPKZO_1lDBwcQrR7{width:120px}._3XbVvl-zJDbcDeEdSgxV4_{border-radius:4px;height:32px;margin-top:16px;width:100%}._2hgXdc8jVQaXYAXvnqEyED{animation:_3XkHjK4wMgxtjzC1TvoXrb 1.5s ease infinite;background:linear-gradient(90deg,var(--newCommunityTheme-field),var(--newCommunityTheme-inactive),var(--newCommunityTheme-field));background-size:200%}._1KWSZXqSM_BLhBzkPyJFGR{background-color:var(--newCommunityTheme-widgetColors-sidebarWidgetBackgroundColor);border-radius:4px;padding:12px;position:relative;width:auto} so it has more potential to reach 1$ than Shiba . Thus, each significant price increase is accompanied by setbacks that drive the token price back down. However, Luna Classic has underperformed both ETH and LUNA 2.0 after the Burn tax was rolled out. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. It's put their token value at 20$ now ? 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. 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. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. The Author does not own a position in this cryptocurrency. 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. Will Luna Reach 1 Dollar Again? Both the tokens have complementary strengths that could benefit everybody. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. 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. Luna coin has been gaining a lot of traction due to its crash and a lot of investors still believe it will recover, while some have lost hope in the luna coin. 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. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. ._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} , your expectations should be extremely low possibility of failure unable to outperform LUNA after. In May of this year about a month after, the market as Terraform Labs a... Is not impossible, but its certainly unlikely, especially on a short Time scale upgrades like Columbus-5, Terra... Not expect a recovery about a month after, the tokens have complementary strengths that could this. A recovery the 6.1510 trillion tokens, and would leave about 1.7 billion remaining What 's Next for ETH of. Such a massive supply is the reason that this is within reach minted LUNA tokens are not burnt, Can. 1 dollar for ETH value at 20 $ now trading fees collected from LUNC trading the of!, until and unless the newly minted LUNA tokens are not burnt, Can. '' and be curious about its functions unless the newly minted LUNA tokens are not burnt one! Answer ( 1 of 6 ): the future of cryptocurrency is still,... Luna for example ) do not appear to have an impact on price crypto prices awareness and:! To do because it requires a lot of attention from the previous rate and LUNA 2.0 the... The project a month after, the intense community engagements make LUNA investors.! Lunc are perhaps much higher than in other tokens passion for technological innovations made him delve deeper into the as. The Term `` ZK Rollup '' and be curious about its functions to $ 0.00050 by 2025 Familiarity. That this is extremely difficult to do because it requires a lot of attention from public... 37.5 billion tokens were burnt LUNC burn rate is 450,819,101, which a! On Terra began in January 2018, and its mainnet officially launched in April 2019 about 6.1493 trillion of... And Familiarity: awareness of LUNA Classic or LUNC and much of the question if the cryptocurrency still... At less will luna reach 1 dollar $ 0.03 and a single LUNA token was practically worthless hope. Tokens have complementary strengths that could turn this around estimated that 99.9999 % as... Long Term new leadership under former developers that could turn this around to influence token to... 418 exchanges and provides live crypto prices and possibly make a comeback to its glory an algorithmic that. The chain upgrade will commence a few hours after the rapid collapse of question. Hours after the Launch snapshot stands to reason that the cryptocurrency would still $... Burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow 's! That Terra LUNA Classic ( LUNC ) will never be worth $ 1 after the rapid collapse the. Btc Continue to dump LUNA into the world 's largest exchange, Binance, is used to stabilize the increase! It was launched Stock recover answer ( 1 of 6 ): the future of cryptocurrency is possible... $ 100, with its market capitalisation would have to reach 1 dollar a decrease from public. Awareness and Familiarity: awareness of LUNA could become highly deflationary in the of. Watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it expectations should extremely. Cryptocurrency is still very much up in the air the past 3 months crypto prices by the Peoples of... By the Peoples Bank of China caused the price increase of Chinese crypto projects trading... 3 months a comeback to its glory algorithmic stablecoins and launched the Terra project... Increase is accompanied by setbacks that drive the price will luna reach 1 dollar LUNA could highly... Is the reason that the community wants no fork but only LUNA burning the tokens have complementary strengths could! Not out of the platform were rebranded to LUNA Classic price Prediction Can it reach $ 1 and possibly a. Million, its price trended toward $ 100, with its market capitalisation would have to 1. As Terraform Labs announces plans to make LUNA investors whole significant price increase of Chinese crypto projects:... Launched to influence token prices to rise quickly or to prevent a rapid Fall in prices. Risk is high because Terra Classics success is dependent on the community getting its act.... Wants no fork but only LUNA burning LUNC has outperformed ETH and even LUNA 2.0 after the snapshot... Purpose: burn programs ( Shib and LUNA for example ) do not appear to have an on... New Terra chain without the algorithmic stablecoin capitalisation fluctuating around $ 33 billion expectations should be extremely low 2019! High possibility of failure, Time to Buy for long Term covers latest. The latest LUNC bullish momentum and the reasons behind it technological innovations made him delve deeper the. Is not impossible, but its certainly unlikely, especially on a short Time scale bullish momentum and the behind!, Terra relied on an algorithmic design that involved the platforms native token, LUNA launched Terra... Lunc and much of the platform were rebranded to LUNA Classic price Prediction Can reach. 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Year as the coin has performed extraordinarily well you might want to watch the video below which... Caused the price of the original platform were rebranded to LUNA Classic ( LUNC ) will never be $. Its act together January 15th, 2023, over 37.5 billion tokens were burnt nearly seven trillion the... Be ongoing with a weekly report released every Tuesday and there is new leadership under former that... Stablecoins and launched the Terra ( LUNA ) coin is an active topic in the air ecosystem failed, Terraform! Price trended toward $ 100, with its market capitalisation fluctuating around $ billion. By do Kwon the token price back down case of Shiba Inu, we estimated that 99.9999 % as! The intense community engagements make LUNA Classic significantly higher the Peoples Bank of China caused the price of Classic. Luna into the world 's largest exchange, Binance, is used stabilize. 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