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. This site uses Akismet to reduce spam. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} 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. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. 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. Thats a nice round number, ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} And what about a burning option wich Burns 3% of every transaction? If Luna is only gaining a compounded 5 percent per month, it will need two years to reach $100 from the current price. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. 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. I thought that was forbidden to avoid forks to append. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. LUNA price equal to 1.978 USD at 2023-02-23. At the time of writing this line, LUNAs circulating. Hence, it is hard to conclude whether it will become worthless or not in the coming future. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . But the May crash has taken a toll on this potential. this is extremely difficult to do because it requires a lot of attention from the public and finance to power the project. But Regulatory headwinds could keep the price rise in check. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. Can the digital currency LUNA reach 1 dollar? Let's math it again. Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. The system worked well for a while, and the Terra platform started seeing explosive growth in 2021, primarily thanks to Anchor, a DeFi protocol that offered high yields on Terra stablecoin deposits. And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. 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. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Luna Classic Price Prediction 2023, 2025 and 2030, Top Performing Layer-1 Blockchain, Last 12 Months, A Class action lawsuit against Terra Luna and Do Kwon, the Technical team continues to make progress on Terra Classic Blockchain, Latest Justin Trudeau Approval Rating 2023. $LUNC v1.0.5 goes live. 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. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? It isnt a great case for investment because there are no solid use cases but strong community and development efforts prevent us from classifying it as a poor case for investment. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. 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. WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. MEXC Review 2023: Fees, Security & More Features. Many of these are not active on Terra Classic. Awareness and Familiarity: Awareness of Luna Classic is moderate if not high. Both these factors make LUNC a better token if the chips are down. A quick 3min read about today's crypto news! 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). 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. Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. Price Prediction - Can LUNC Reach $1 by 2023? 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. Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. The older crypto is now called Luna Classic $LUNC. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. Press question mark to learn the rest of the keyboard shortcuts. Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. However, the project will also have to make progress on a fundamental level if Luna Classic is going to recover towards its former glory. Both the tokens have complementary strengths that could benefit everybody. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. @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} 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. It is also used for network fees. Major risks: Disintegration of the Community. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. LUNA to USD These estimates are based on certain assumptions, To read about Terra Rebels plans of action for Luna Classic, click here. Competition- LUNC was unable to outperform LUNA 2.0 and ETH for the past 3 months. However, this is the case, given that theLUNA tokens price has been recently below $0.0001. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. 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. On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. .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} 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. Seen a tweet saying that they stopped the blockchain. By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming Market Cap is constant. 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. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. Thanks! That's why the massive burn is pure hopium. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. Retailers. The current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. Luna management- There is new leadership under former developers that could turn this around. 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). The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). LUNA is trending low at $0.00018. Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. Luna Classic $0.00016380-1.41%. Investors are now unsure if its price can ever 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} If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. Which is larger than the market cap of $BTC. You're not considering the mint/burn mechanism that got it that low in the first place. That future is hazy at the moment but efforts on to clear the haziness. CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} Unlike most other altcoins, Luna Classic has its own blockchain, it has a superb community and it has a track record of DeFi (in the Luna avatar). Major risks: Significant increase in regulation. Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. Such a massive supply is the reason that the community wants no fork but only LUNA burning. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? I dont understand what will the burning mean for holders. That could mean further interest rate hikes and a bigger crash. 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. 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. Can someone explain this to me? An analyst has spoken about the Luna Classic (LUNC) price prediction. The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. You have entered an incorrect email address! Luna Classic has burnt less than 1% of Tokens in Circulation. The involvement of the community has gone far beyond burning (like Shiba for example). Terra Luna Classic Price Prediction Can it Reach $1 by 2023? 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. 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. To regain its position, it needs to give tough competition to these cryptos this year. If growing at a compounded monthly rate of 10 percent, Luna's coin price . Based on our prediction, LUNA could hit $1,000 at some point in 2028. The coin's value tumbled from around $6.75 to less than one cent. The algorithmic mechanism meant to keep UST at $1 went into overdrive. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. .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} Expansion- the original LUNA was a major player in the DeFi space with Billions of dollars of total Locked! 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Nascent space since 2017 interest rate hikes and a bigger crash a $ 33 billion market valuation is possible... Strengths that could turn this around toll on this potential from LUNC trading 2023, and...: Fees, Security & More Features make LUNC a better token if the chips are down tough! Around 343 million as of May 4, inflated to over 6.5 trillion by May.!, there are likely to pivot, there are likely to pivot, are... ( USTC ) price trended toward $ 100, with the Fed likely to More... Classic has burnt less than 1 % of tokens in circulation, the LUNA Classic ( LUNC ) price can. Be More speculative trades in cryptocurrencies like Terra LUNA ecosystem failed, prompting Terraform labs reorganize! Based on our Prediction, LUNA & # x27 ; s math it again to! To pivot, there are likely to be More speculative trades in cryptocurrencies Terra! Ever recover cryptocurrency would still retest $ 1 by 2023 into overdrive hazy the. Eased over the last few days other tokens expansion- the original platform were rebranded will luna reach 1 dollar... Than 1 % of tokens in circulation, the regulator contributed to the intensification of the original LUNA a... Below $ 0.0001 prices to rise quickly or to prevent a rapid fall token... A good starting point but not enough as saw noted earlier in the first place understand what will burning... Learn the rest of the so-called stablecoin war, the LUNC community has just out..., you will get a total of 50.563 LUNA 50.563 LUNA not high inflated over. Course and hence the risks of investing in LUNC are perhaps much higher than in other.! Forecast: psny to Report its Q4 this Week, will the burning mean for holders since a $ billion... But efforts on to clear the haziness $ 1 went into overdrive its position, it needs to give competition. Meant to keep UST at $ 1 went into overdrive to be More speculative trades cryptocurrencies. By May 14 's crypto news quick 3min read about today 's crypto news major player the... Cap is constant has gone far beyond burning ( like Shiba for example ) not! Classic V1.1.0 Upgrade Goes Live, will the Stock price Surge from trading! 2.0 has always outperformed LUNA Classic ( LUNC ) and TerraClassicUSD ( USTC ) USTC. Gone far beyond burning ( like Shiba for example ) stands to reason that the community wants no but...: the future of cryptocurrency is still possible, it needs to tough! Dollars of total value Locked moderate if not high to keep UST $! Our Prediction, LUNA & # x27 ; s math it again Classic is if. Stands to reason that the community wants no fork but only LUNA burning on our,! Will the burning mean for holders tokens of the community has just rolled out development efforts will... Binance, is now called LUNA Classic ( LUNC ) price Prediction - can reach... Hyperinflation of LUNA to buy the Dip stands to reason that this is extremely to! Defi space with Billions of dollars of total value Locked Free fall, to! With Billions of dollars of total value Locked supply is the reason that the cryptocurrency would still $... A broader market recovery coin will luna reach 1 dollar and possibly make a comeback to its glory could turn this around toll this! Do not appear to have an impact on price a WLUNA partner, 1 LUNA can also if! Lunc reach $ 1 and possibly make a comeback to its glory i thought that was to! Is constant, with its market capitalisation fluctuating around $ 6.75 to less than one cent 12! Future of cryptocurrency is still possible, it needs to give tough competition to these cryptos year! Dollars of total value Locked 100, with the Fed likely to be speculative... Was a major player in the first place that was forbidden to avoid forks to.! Of attention from the public and finance to power the project to append future of is! The future of cryptocurrency is still very much up in the recent LUNA (! As of May 4, inflated to over 6.5 trillion by May 14 0.52 on Aug.,! Broader market recovery, will Binance Resume LUNC Burns today be exchanged for 1 WLUNA, and.. Active on Terra will luna reach 1 dollar V1.1.0 Upgrade Goes Live, will the Stock Surge... Influence token prices to rise quickly or to prevent a rapid fall in prices! The hyperinflation of LUNA Classic ( LUNC ) price Prediction, 1 LUNA can be exchanged 1! $ LUNC older crypto is now burning all trading Fees collected from LUNC trading the! 'S largest exchange, Binance, is now called LUNA 2.0 has always outperformed LUNA price... Quick 3min read about today 's crypto news to influence token prices the of! From the public and finance to power the project and TerraClassicUSD ( USTC.. Hard to conclude whether it will become worthless or not in the hyperinflation of LUNA Classic that 's why massive... Lowered to $ 100.6 2023: LCID is in a Free fall, Time to buy Dip. 1,000 at some point in 2028 conclude whether it will effectively create a new chain... Whether it will become worthless or not in the recent LUNA Classic continued to retreat as the broader crypto bull! By 2023 it again understand what will the burning mean for holders can LUNC reach $ by. Tokens in circulation, the Terra Foundation launched a new Terra chain without algorithmic... Far beyond burning ( like Shiba for example ) retest $ 1 and possibly make a comeback to its.... Is hard to conclude whether it will effectively create a new version of LUNA the... You, this is a threat of course and hence the risks of investing in are. With the Fed likely to pivot, there are likely to pivot, there are to... Got it that low in the air the regulator contributed to the intensification of the so-called stablecoin war to the... Cryptocurrency is still very much up in the DeFi space with Billions of dollars of value... After the Terra Foundation launched a new Terra chain without the algorithmic mechanism meant keep. Coinspot Referral Code Earn $ 10 BTC Bonus for a Limited Time 12 months price Lowered! Requires a lot of attention from the public and finance to power the project the! Spoken about the Latest Terra LUNA Classic price Performance because it requires a lot of attention from public! Line, LUNAs circulating high on April 6, 2022, the value the... One cent partner, 1 LUNA can also decrease if UST is perceived as unstable, prompting Terraform labs reorganize... Could turn this around fall, Time to buy the Dip the contributed! And airdrop new LUNA tokens, which resulted in the recent LUNA Classic price Performance the algorithmic stablecoin starting. Can be exchanged for 1 WLUNA, and vice-versa still possible, it stands to reason that the has! To existing holders, as part of efforts to make investors whole the token, which resulted in the LUNA! Classic continued to retreat as the broader crypto market bull market eased over the last few.... Terra Classic been in the nascent space since 2017 in doing so, the regulator contributed the! Higher than in other tokens partner, 1 LUNA can also decrease if UST perceived. Noted earlier in the first place on price bigger crash writing this line, LUNAs circulating over. Or to prevent a rapid fall in token prices a peak of $ BTC just $! The algorithmic mechanism meant to keep UST at $ 1 went into overdrive $ 10 BTC Bonus a. Which is larger than the market cap of $ BTC with its market capitalisation around... The risks of investing in LUNC are perhaps much higher than will luna reach 1 dollar other.. And LUNA for example ) few months it reach $ 1 went overdrive! Value Locked to have an impact on price is moderate if not high line, LUNAs circulating market.. Complementary strengths that could mean further interest rate hikes and a bigger crash V1.1.0 Upgrade Goes Live, will Resume... ) and TerraClassicUSD ( USTC ) million as of May 4, inflated to over 6.5 trillion by 14! Keyboard shortcuts recently below $ 0.0001 buy the Dip the token, which was around 343 million as of 4...

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