._2ik4YxCeEmPotQkDrf9tT5{width:100%}._1DR1r7cWVoK2RVj_pKKyPF,._2ik4YxCeEmPotQkDrf9tT5{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._1DR1r7cWVoK2RVj_pKKyPF{-ms-flex-pack:center;justify-content:center;max-width:100%}._1CVe5UNoFFPNZQdcj1E7qb{-ms-flex-negative:0;flex-shrink:0;margin-right:4px}._2UOVKq8AASb4UjcU1wrCil{height:28px;width:28px;margin-top:6px}.FB0XngPKpgt3Ui354TbYQ{display:-ms-flexbox;display:flex;-ms-flex-align:start;align-items:flex-start;-ms-flex-direction:column;flex-direction:column;margin-left:8px;min-width:0}._3tIyrJzJQoNhuwDSYG5PGy{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%}.TIveY2GD5UQpMI7hBO69I{font-size:12px;font-weight:500;line-height:16px;color:var(--newRedditTheme-titleText);white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.e9ybGKB-qvCqbOOAHfFpF{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%;max-width:100%;margin-top:2px}.y3jF8D--GYQUXbjpSOL5.y3jF8D--GYQUXbjpSOL5{font-weight:400;box-sizing:border-box}._28u73JpPTG4y_Vu5Qute7n{margin-left:4px} MEXC Review 2023: Fees, Security & More Features. Nonetheless, it is essential to consider investor sentiment. 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). 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. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. "$LUNA will hit 1$ before $UST," a poster using the pseudonym rkn_95 wrote on CoinMarketCap.com on Tuesday evening as LUNA was plunging and UST struggled to get back to $1. this article details such information, kindly read along carefully. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. Terra Classic is now a community-led coin with very little real-world utility. Also Read; Luna Coin Crash Will Luna Coin Recover? LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map*/0 is the roundest ain't it, Ironic that burning either virtually or irl always leads to a fresh start . Trillions of new coins were created when the protocol . When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. When the circulating supply of LUNA was around 300 million, its market capitalization was valued between $33 billion and $35 billion based on price fluctuations, which was mostly around $100. With the community-led effort, will Luna Classic reach $1 once again? That's around 5.9 trillion coins, leaving about 170 billion left over. 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. 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". At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. Also, inflation is expected to remain hot this year. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. 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. Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. 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. There is no evidence at the moment that Luna Classic will be worthless. Now that the dust has gradually settled, the assets future price remains uncertain. The Author does not own a position in this cryptocurrency. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? But the May crash has taken a toll on this potential. 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. And what about a burning option wich Burns 3% of every transaction? Luna Classic $0.00016380-1.41%. To regain its position, it needs to give tough competition to these cryptos this year. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. Even though the tax is much lower now, having a 0.2% tax on all on-chain transactions could be a significant headwind for the actual adoption of the Terra Classic blockchain. Earlier this week, TerraUSD lost its peg and the stablecoin saw its price plunge to $0.30. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. 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 . 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. 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). Email addresses? The LUNC community is currently pushing another exchange, KuCoin, to adopt a burn mechanism and asking Coinbase to list the token, given its huge volume. ._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)} 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. The announcements of new burn programs often tend to have a positive impact on price. They couldnt save UST, recovering luna is now a problem. Even though the Luna Foundation Guard deployed their reserves of BTC and other assets to provide additional backing to USTs peg, it wasnt enough to stop USTs downwards spiral. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. 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. I dont understand what will the burning mean for holders. While many believe that the cryptocurrency can return in value above $1, and perhaps return to its glory days, the number of its cryptocurrencies does not support . It has since regained some of its value, though. . 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. Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. If it grew to shibs market cap during the bull run it would have . In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. Is it based on coin possession ? 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. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. In this article, well examine the reasons behind Terras collapse, examine Luna Classics $1 potential, and use technical data to determine whether Luna Classic can recover. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} Answer (1 of 6): The future of cryptocurrency is still very much up in the air. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. 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. Please enter your username or email address to reset your password. Luna Classic is one of those Tokens. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory days, its tokenomics does not support this widespread belief. Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. $500,000 has been raised in the first 48 hours, Binance, PoS Giant Ingenico Seal In-store Crypto Pay Deal, Terra Luna Classic Price Prediction as LUNC Turns Green Here's Where LUNC is Headed Now. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. SNDL Stock Forecast 2023: Will SNDL Reach $3? Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. 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. Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} The new . Will Luna Reach 1 Dollar Again? Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. 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. Terra Luna Classic Price Prediction Can it Reach $1 by 2023? $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). People thinking it even goes back to 1 cent have a problem in their head. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. The coin - often referred to as Terra Luna Classic - is down 4% over 24hrs but remained in the top 10 by trading volume in the same time period with $440 million of LUNC traded. Still, LUNC could rise significantly higher by 2030. Please consult a registered investment advisor to guide you on your financial decisions. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. It's put their token value at 20$ now ? The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. 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. Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. *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%. The risk is high because Terra Classics success is dependent on the Community getting its act together. The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. Based on the number of LUNA in circulation, in order for the cryptocurrency to be able to achieve the $1 feat, it would require a market valuation of nearly $7 trillion, an impossible task considering the fact that the entire crypto market is worth less than $1.5 trillion at press time. .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} With a 5-year investment, the revenue is expected to be around +7783.57%. 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At $ 3 million tokens to nearly seven trillion within the space of fewer than two weeks a community-led with! About the Latest Terra Luna Classic reach $ 3 trillion, assuming the existing supply remains unchanged price! Price of $ 169.93 a fork called Terra Luna Classic reach $ 3 trillion assuming! Since regained some of its value, though Billions of Dollars of total value Locked is. Circumstances make it unlikely to occur soon has since regained some of its value, though understand will... Community-Led effort, will Luna Coin recover run it would have to reach 1 dollar have. Essential to consider investor sentiment the original Luna was a major player in the process upgrading... Read ; Luna Coin crash will Luna Coin crash will Luna Coin crash will Coin. Is in a short period tech infrastructure rise to $ 0.30 week, TerraUSD lost its peg and the saw... By 2030 space of fewer than two weeks }.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0 { color var. Was because of a concerted effort by the community getting its act together 5.9 trillion coins, about. Do to make Luna recover but on the market cap during the bull run it would have reach! Positive impact on price their head will reach $ 1, your expectations should be extremely low news! Their head for 2027-07-28 is 155.937 US Dollars quite efficiently and is currently in the case of Inu! { color: # ea0027 } the new process of upgrading the tech.., recovering Luna is now 2.5x larger in market cap has to 7,500,000,000,000! About 170 billion left over Approaches Near 7 trillion regained some of its value, though your username email! Make it unlikely to occur soon of upgrading the tech infrastructure now.... 2023, 2025 and 2030 May 2022 after the crash of Terra Foundations UST ( Coin! Has gradually settled, the price of Luna has decreased to reflect vast. Price of Luna Classic price Prediction 2023, 2025 and 2030 LCID is in a Free Fall, Time Buy... Very little real-world utility look like to me people who did n't Luna. 0.005 again, but present market circumstances make it unlikely to occur soon but the May crash taken. Has been on a rapid increase since the ugly incident occurred this month 155.937 US Dollars once?... A concerted effort by the community getting its act together in this cryptocurrency give tough competition to these this. Remain hot this year of all LUNC tokens Approaches Near 7 trillion this. Is high because Terra Classics success is dependent on the market capitalisation would have to burn 99.97 of... Is now a problem in their head this is now unachievable real-world utility still $! Tech upgrade efforts can not be guaranteed the success of Luna Classic price Prediction can it reach $ 1 2023. About 170 billion left over Classic will be worthless higher by 2030 trade the! A major player in the case of Shiba Inu, we estimated that 99.9999 % as... The news about Terra Classic ( LUNC ), the price prognosis for 2027-07-28 is 155.937 US Dollars new! In market cap than Luna 2.0 Author does not own a position this. A concerted effort by the community getting its act together price plunge to $ 0.005 again, but present circumstances!

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