will luna reach 1 dollarwill luna reach 1 dollar

For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. The current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. Luna Classic has burnt less than 1% of Tokens in Circulation. Terra Classic is likely to rise to $0.00050 by 2025. All through 2024, the LUNA cost can reach a high of $252.31 and a low of . document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). We typically tend to be pessimistic about Tokens that dont have use cases. ._3Z6MIaeww5ZxzFqWHAEUxa{margin-top:8px}._3Z6MIaeww5ZxzFqWHAEUxa ._3EpRuHW1VpLFcj-lugsvP_{color:inherit}._3Z6MIaeww5ZxzFqWHAEUxa svg._31U86fGhtxsxdGmOUf3KOM{color:inherit;fill:inherit;padding-right:8px}._3Z6MIaeww5ZxzFqWHAEUxa ._2mk9m3mkUAeEGtGQLNCVsJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;color:inherit} https://pastebin.com/5RJdvFHFThey are burning at a rate of 2 Billion per hour, as per what this bot states.That is effectively 2950 hours to burn 5.9 Trillion, or 122.9 days. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. Conversely, you could burn your LUNA tokens to mint and receive an amount of UST tokens equivalent to the US dollar value of the burned tokens. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. The recent Luna Classic community decision to cut down on Minting is helpful and would enable Burn to have a real impact in the long run (1-2 years). As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc. ._9ZuQyDXhFth1qKJF4KNm8{padding:12px 12px 40px}._2iNJX36LR2tMHx_unzEkVM,._1JmnMJclrTwTPpAip5U_Hm{font-size:16px;font-weight:500;line-height:20px;color:var(--newCommunityTheme-bodyText);margin-bottom:40px;padding-top:4px;text-align:left;margin-right:28px}._2iNJX36LR2tMHx_unzEkVM{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex}._2iNJX36LR2tMHx_unzEkVM ._24r4TaTKqNLBGA3VgswFrN{margin-left:6px}._306gA2lxjCHX44ssikUp3O{margin-bottom:32px}._1Omf6afKRpv3RKNCWjIyJ4{font-size:18px;font-weight:500;line-height:22px;border-bottom:2px solid var(--newCommunityTheme-line);color:var(--newCommunityTheme-bodyText);margin-bottom:8px;padding-bottom:8px}._2Ss7VGMX-UPKt9NhFRtgTz{margin-bottom:24px}._3vWu4F9B4X4Yc-Gm86-FMP{border-bottom:1px solid var(--newCommunityTheme-line);margin-bottom:8px;padding-bottom:2px}._3vWu4F9B4X4Yc-Gm86-FMP:last-of-type{border-bottom-width:0}._2qAEe8HGjtHsuKsHqNCa9u{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-bodyText);padding-bottom:8px;padding-top:8px}.c5RWd-O3CYE-XSLdTyjtI{padding:8px 0}._3whORKuQps-WQpSceAyHuF{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px}._1Qk-ka6_CJz1fU3OUfeznu{margin-bottom:8px}._3ds8Wk2l32hr3hLddQshhG{font-weight:500}._1h0r6vtgOzgWtu-GNBO6Yb,._3ds8Wk2l32hr3hLddQshhG{font-size:12px;line-height:16px;color:var(--newCommunityTheme-actionIcon)}._1h0r6vtgOzgWtu-GNBO6Yb{font-weight:400}.horIoLCod23xkzt7MmTpC{font-size:12px;font-weight:400;line-height:16px;color:#ea0027}._33Iw1wpNZ-uhC05tWsB9xi{margin-top:24px}._2M7LQbQxH40ingJ9h9RslL{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px} To regain its position, it needs to give tough competition to these cryptos this year. . The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. Your 750 bil market cap puts it around $0.11 value. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. However, this is the case, given that the. Technical analysts believe, LUNC could rise from here on the back of increased Burn, increased staking and technology upgrades, To read about Will Luna Classic reach $1, Click here. In order for that to happen, the Terra Luna Classic blockchain will have to host a variety of apps and improve the lives of consumers and businesses. Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . LUNA is trending low at $0.00018. Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. For context, the market cap of the entire crypto space is currently less than $1 trillion and, effectively, to reach $1 every single cent in every single crypto coin would have to be redirected to LUNC - and then multiplied by more than six. One alternative project that offers a lot of real-world utility is IMPT, a new green project that wants to help solve the climate crisis by offsetting users' carbon footprints - $500,000 has been raised in the first 48 hours of the presale. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). There was a time when people asked the same question about Bitcoin, and now it is above $50,000. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. That's why the massive burn is pure hopium. Keep track of your holdings and explore over 10,000 cryptocurrencies. As a result, the community approved a proposal to slash the tax down to 0.2%. The Author does not own a position in this cryptocurrency. The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. And indeed, just a few hours later, the tongue-in-cheek prediction became reality, and LUNA slipped to $0.8384 in early Wednesday afternoon trading in Europe. Nonetheless, it is essential to consider investor sentiment. Nearly 100 immigrants who were rounded up during a 2018 raid at a meat processing plant in Tennessee have reached a $1.17 million settlement against the U.S. government and federal agents, who . There is no evidence at the moment that Luna Classic will be worthless. It is worth noting that the rapid growth of LUNAs circulating supply within the space of two weeks is caused by investors redeeming their staked UST for the asset following the teams recent efforts at TerraForm Labs to make investors whole again. Investors are now unsure if its price can ever recover. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.ea0ac1df4e6491a16d39_.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. The active community could be the ace up Luna Classics sleeve, as LUNC holders are very active in promoting the coin on social media platforms such as Twitter. The announcements of new burn programs often tend to have a positive impact on price. This tax was previously set at 1.2%, but it discouraged on-chain activity too much as the on-chain transaction volume dropped by over 90%. Your 750 bil market cap puts it around $0.11 value Reply @keyframes ibDwUVR1CAykturOgqOS5{0%{transform:rotate(0deg)}to{transform:rotate(1turn)}}._3LwT7hgGcSjmJ7ng7drAuq{--sizePx:0;font-size:4px;position:relative;text-indent:-9999em;border-radius:50%;border:4px solid var(--newCommunityTheme-bodyTextAlpha20);border-left-color:var(--newCommunityTheme-body);transform:translateZ(0);animation:ibDwUVR1CAykturOgqOS5 1.1s linear infinite}._3LwT7hgGcSjmJ7ng7drAuq,._3LwT7hgGcSjmJ7ng7drAuq:after{width:var(--sizePx);height:var(--sizePx)}._3LwT7hgGcSjmJ7ng7drAuq:after{border-radius:50%}._3LwT7hgGcSjmJ7ng7drAuq._2qr28EeyPvBWAsPKl-KuWN{margin:0 auto} window.coinzilla_display=window.coinzilla_display||[];var c_display_preferences={};c_display_preferences.zone="325fe079eb73cc7840";c_display_preferences.width="300";c_display_preferences.height="250";coinzilla_display.push(c_display_preferences). If true, that burn would drastically slash the supply of LUNC and drive up its price. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. Learn how your comment data is processed. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. Since the market cap of all cryptocurrencies at their all-time high exceeded $3 trillion, it's safe to say that expecting LUNC to reach $1 is unrealistic until the LUNC supply is drastically reduced. *vs OKB, Top Performing Layer-1 Blockchain, Last 12 Months, In the year 2023, Luna Classic has risen +9.0% in the first 54 days of trading, OKB is up 89.0%. Use Cases: Luna Classic has some use cases but there arent too many apps being developed on Terra Classic the blockchain, Top projects (That are active) on Terra Classic include Terra Swap, Metagloria NFT, Eris Protocol, Terra Rebels Moonshot, P2P Lunc Dispute. Luna Classic Price Prediction 2023 is $0.000222, Luna Classic Price Prediction 2025 is $0.000483, Luna Classic Price Prediction 2030 is $0.00307, Top 5 Most Read Articles on CrowdwisdomLive. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. Luna Classic is one of those Tokens. One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. You're not considering the mint/burn mechanism that got it that low in the first place. Luna Coin Crash Will Luna Coin Recover. community wants no fork but only LUNA burning, Robinhood Held Meeting with SEC Two Months Before Subpoena, Exodus Wallet Responds to Requests for Shibarium Support, Binance Confirms Support For Terra Classic (LUNC) Upgrade v.1.1.0. I have seen proposal to modify the blockchain algorithm. ._1QwShihKKlyRXyQSlqYaWW{height:16px;width:16px;vertical-align:bottom}._2X6EB3ZhEeXCh1eIVA64XM{margin-left:3px}._1jNPl3YUk6zbpLWdjaJT1r{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;padding:0 4px}._1jNPl3YUk6zbpLWdjaJT1r._39BEcWjOlYi1QGcJil6-yl{padding:0}._2hSecp_zkPm_s5ddV2htoj{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;margin-left:0;padding:0 4px}._2hSecp_zkPm_s5ddV2htoj._39BEcWjOlYi1QGcJil6-yl{padding:0}._1wzhGvvafQFOWAyA157okr{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;box-sizing:border-box;line-height:14px;padding:0 4px}._3BPVpMSn5b1vb1yTQuqCRH,._1wzhGvvafQFOWAyA157okr{display:inline-block;height:16px}._3BPVpMSn5b1vb1yTQuqCRH{background-color:var(--newRedditTheme-body);border-radius:50%;margin-left:5px;text-align:center;width:16px}._2cvySYWkqJfynvXFOpNc5L{height:10px;width:10px}.aJrgrewN9C8x1Fusdx4hh{padding:2px 8px}._1wj6zoMi6hRP5YhJ8nXWXE{font-size:14px;padding:7px 12px}._2VqfzH0dZ9dIl3XWNxs42y{border-radius:20px}._2VqfzH0dZ9dIl3XWNxs42y:hover{opacity:.85}._2VqfzH0dZ9dIl3XWNxs42y:active{transform:scale(.95)} However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. Before we take a closer look at whether Luna is going to recover, lets quickly recap the crash of the Terra ecosystem, which is why Terra Classic and Luna Classic exist in the first place. At press time, LUNA is changing hands at $0.00015, which implies that the cryptocurrency will need to eliminate three zeros before it touches $1. It would take more liquid money than exists in all of america for luna to reach any significant numbers, Currently the total supply of luna is 6.9 trillion, so if luna hits a dollar its market cap is over 5x greater than all of crypto currently. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} Vroom Stock Forecast: Will VRM Stock Rise Above $2? If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. However, the excessive focus on Burn and staking is unlikely to help Luna Classic. Since many individuals have lost hundreds of millions of dollars to the token, faith in it has been diminished. It is also used for network fees. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} If there is like trillions of Luna coins who own them ? Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? People thinking it even goes back to 1 cent have a problem in their head. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. Now, the token will continue. Home Will LUNA Recover? Macroeconomic- As per the latest report, the CPI index increased to 6.5% in December 2022 and the data also depicts that CPI Index has declined from June 2022 to December 2022. Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. Terra Classic is likely to rise to $0.000233 by 2023. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. It was also reported that Lithosphere developers Kaj Labs will burn 2.5 trillion LUNC in their new Finesse series of games and have facilitated $50 to $100 million to facilitate the burn. Thats a nice round number, ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} Do Burn programs have an impact on price? ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. LUNA is a token that is used to keep Terra at exactly one dollar. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. . Prediction of the 2030 Value of the Terra Luna Classic By 2030, the price of one Terra Luna Class token is projected to reach $0.00372, thanks to the anticipated boom in Blockchain usage between 2025 and 2030. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. Still, LUNC could rise significantly higher by 2030. From one perspective, LUNC has already recovered. LUNA price plummets nearly 38% despite a 200% increase in trade volume. The bottom line: So, will Luna Classic Reach $1? Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. this article details such information, kindly read along carefully. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. Both of these could push LUNC price significantly higher in 2023. While the voracious community has driven incredible gains over the last six months, the possibility of LUNC reaching $1 appears slim without drastic action and change. While Terra is down, its certainly not outwhether Luna Classic can recover will depend on the success of the burn program, support from the community, and the pace of protocol development. and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. Thanks! Luna has done more harm to its investor, investing in luna again dont worth it due to some reasons, and luna hitting $1 might not be possible, see reasons in the video below. New comments cannot be posted and votes cannot be cast, Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Luna faced an astronomical price drop which is largely due to a combination of a broader market dip and the de-pegging of its UST stablecoin from the dollar. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. Email addresses? LUNC has outperformed ETH and even LUNA 2.0 since it was launched. The situation took a turn for the worse on May 10, when the UST price slid all the way to $0.77, suggesting that there were serious problems with its design. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. They couldnt save UST, recovering luna is now a problem. Further, LUNC's lack of utility makes it more open to volatility and attractive to speculative traders - pumps are open to being followed by dumps as investors take profits rather than hold as there is little long-term value in the project. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. The other issue is that many of these Burn programs are not linked to the minting of new tokens and therefore the purpose of reducing the Tokens themselves is not met. If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. If growing at a compounded monthly rate of 10 percent, Luna's coin price . Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. Is $1 a pipe dream for, LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. That future is hazy at the moment but efforts on to clear the haziness. If Luna Classic can be differentiated from Luna 2.0 and offer value to customers, the price of the token will increase and make it easier to reach $ 1 99% burns. Therefore, these factors can determine LUNCs price in 2023. If it grew to shibs market cap during the bull run it would have . The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! Critics see nothing but risk, while supporters see nothing but boundless promise. Blockchain-powered Gaming Company, Affyn Adds New Virtual Lands To The NEXUS World Metaverse, Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High. At the time of writing this line, LUNAs circulating supply is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. Retail currently holds billions, if not even trillions of tokens. Now that the dust has gradually settled, the assets future price remains uncertain. Also Read; Luna Coin Crash Will Luna Coin Recover? ._38lwnrIpIyqxDfAF1iwhcV{background-color:var(--newCommunityTheme-widgetColors-lineColor);border:none;height:1px;margin:16px 0}._37coyt0h8ryIQubA7RHmUc{margin-top:12px;padding-top:12px}._2XJvPvYIEYtcS4ORsDXwa3,._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px}._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{background-position:50%;background-repeat:no-repeat;background-size:100%;height:54px;width:54px;font-size:54px;line-height:54px}._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4,.icon._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4{filter:blur()}.eGjjbHtkgFc-SYka3LM3M,.icon.eGjjbHtkgFc-SYka3LM3M{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px;background-position:50%;background-repeat:no-repeat;background-size:100%;height:36px;width:36px}.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4,.icon.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4{filter:blur()}._3nzVPnRRnrls4DOXO_I0fn{margin:auto 0 auto auto;padding-top:10px;vertical-align:middle}._3nzVPnRRnrls4DOXO_I0fn ._1LAmcxBaaqShJsi8RNT-Vp i{color:unset}._2bWoGvMqVhMWwhp4Pgt4LP{margin:16px 0;font-size:12px;font-weight:400;line-height:16px}.icon.tWeTbHFf02PguTEonwJD0{margin-right:4px;vertical-align:top}._2AbGMsrZJPHrLm9e-oyW1E{width:180px;text-align:center}.icon._1cB7-TWJtfCxXAqqeyVb2q{cursor:pointer;margin-left:6px;height:14px;fill:#dadada;font-size:12px;vertical-align:middle}.hpxKmfWP2ZiwdKaWpefMn{background-color:var(--newCommunityTheme-active);background-size:cover;background-image:var(--newCommunityTheme-banner-backgroundImage);background-position-y:center;background-position-x:center;background-repeat:no-repeat;border-radius:3px 3px 0 0;height:34px;margin:-12px -12px 10px}._20Kb6TX_CdnePoT8iEsls6{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-bottom:8px}._20Kb6TX_CdnePoT8iEsls6>*{display:inline-block;vertical-align:middle}.t9oUK2WY0d28lhLAh3N5q{margin-top:-23px}._2KqgQ5WzoQRJqjjoznu22o{display:inline-block;-ms-flex-negative:0;flex-shrink:0;position:relative}._2D7eYuDY6cYGtybECmsxvE{-ms-flex:1 1 auto;flex:1 1 auto;overflow:hidden;text-overflow:ellipsis}._2D7eYuDY6cYGtybECmsxvE:hover{text-decoration:underline}._19bCWnxeTjqzBElWZfIlJb{font-size:16px;font-weight:500;line-height:20px;display:inline-block}._2TC7AdkcuxFIFKRO_VWis8{margin-left:10px;margin-top:30px}._2TC7AdkcuxFIFKRO_VWis8._35WVFxUni5zeFkPk7O4iiB{margin-top:35px}._1LAmcxBaaqShJsi8RNT-Vp{padding:0 2px 0 4px;vertical-align:middle}._2BY2-wxSbNFYqAy98jWyTC{margin-top:10px}._3sGbDVmLJd_8OV8Kfl7dVv{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;margin-top:8px;word-wrap:break-word}._1qiHDKK74j6hUNxM0p9ZIp{margin-top:12px}.Jy6FIGP1NvWbVjQZN7FHA,._326PJFFRv8chYfOlaEYmGt,._1eMniuqQCoYf3kOpyx83Jj,._1cDoUuVvel5B1n5wa3K507{-ms-flex-pack:center;justify-content:center;margin-top:12px;width:100%}._1eMniuqQCoYf3kOpyx83Jj{margin-bottom:8px}._2_w8DCFR-DCxgxlP1SGNq5{margin-right:4px;vertical-align:middle}._1aS-wQ7rpbcxKT0d5kjrbh{border-radius:4px;display:inline-block;padding:4px}._2cn386lOe1A_DTmBUA-qSM{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:10px}._2Zdkj7cQEO3zSGHGK2XnZv{display:inline-block}.wzFxUZxKK8HkWiEhs0tyE{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button);cursor:pointer;text-align:left;margin-top:2px}._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0{display:none}.yobE-ux_T1smVDcFMMKFv{font-size:16px;font-weight:500;line-height:20px}._1vPW2g721nsu89X6ojahiX{margin-top:12px}._pTJqhLm_UAXS5SZtLPKd{text-transform:none} There is a possibility that the market could rise again depending on the Inflation data reported this week, The Community is trying to persuade Binance US to list $LUNC Luna Classic, Coins likely to be burnt through on-chain Burn Tax, Partnerships will further contribute to a rise in price over the next 3-6 months. Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. If those Luna are already in people's hands, how do they propose burning trillions of tokens? However, the news was met with a mixed reaction by the LUNC community, with one prominent member, LUNCDAO, claiming the press release was "dishonest marketing to get viral engagement". For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. Follow the latest news about cryptos in our Telegram channel. The burn started on September 21 and, according to the exchange, nearly 5.6 billion LUNC tokens - equating to approximately $1.8 million - were sent to a burn address. ._1x9diBHPBP-hL1JiwUwJ5J{font-size:14px;font-weight:500;line-height:18px;color:#ff585b;padding-left:3px;padding-right:24px}._2B0OHMLKb9TXNdd9g5Ere-,._1xKxnscCn2PjBiXhorZef4{height:16px;padding-right:4px;vertical-align:top}.icon._1LLqoNXrOsaIkMtOuTBmO5{height:20px;vertical-align:middle;padding-right:8px}.QB2Yrr8uihZVRhvwrKuMS{height:18px;padding-right:8px;vertical-align:top}._3w_KK8BUvCMkCPWZVsZQn0{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-actionIcon)}._3w_KK8BUvCMkCPWZVsZQn0 ._1LLqoNXrOsaIkMtOuTBmO5,._3w_KK8BUvCMkCPWZVsZQn0 ._2B0OHMLKb9TXNdd9g5Ere-,._3w_KK8BUvCMkCPWZVsZQn0 ._1xKxnscCn2PjBiXhorZef4,._3w_KK8BUvCMkCPWZVsZQn0 .QB2Yrr8uihZVRhvwrKuMS{fill:var(--newCommunityTheme-actionIcon)} PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. Can the digital currency LUNA reach 1 dollar? They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. .Rd5g7JmL4Fdk-aZi1-U_V{transition:all .1s linear 0s}._2TMXtA984ePtHXMkOpHNQm{font-size:16px;font-weight:500;line-height:20px;margin-bottom:4px}.CneW1mCG4WJXxJbZl5tzH{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._11ARF4IQO4h3HeKPpPg0xb{transition:all .1s linear 0s;display:none;fill:var(--newCommunityTheme-button);height:16px;width:16px;vertical-align:middle;margin-bottom:2px;margin-left:4px;cursor:pointer}._1I3N-uBrbZH-ywcmCnwv_B:hover ._11ARF4IQO4h3HeKPpPg0xb{display:inline-block}._2IvhQwkgv_7K0Q3R0695Cs{border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._2IvhQwkgv_7K0Q3R0695Cs:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B{transition:all .1s linear 0s;border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._1I3N-uBrbZH-ywcmCnwv_B:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B.IeceazVNz_gGZfKXub0ak,._1I3N-uBrbZH-ywcmCnwv_B:hover{border:1px solid var(--newCommunityTheme-button)}._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk{margin-top:25px;left:-9px}._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:focus-within,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:hover{transition:all .1s linear 0s;border:none;padding:8px 8px 0}._25yWxLGH4C6j26OKFx8kD5{display:inline}._2YsVWIEj0doZMxreeY6iDG{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-metaText);display:-ms-flexbox;display:flex;padding:4px 6px}._1hFCAcL4_gkyWN0KM96zgg{color:var(--newCommunityTheme-button);margin-right:8px;margin-left:auto;color:var(--newCommunityTheme-errorText)}._1hFCAcL4_gkyWN0KM96zgg,._1dF0IdghIrnqkJiUxfswxd{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._1dF0IdghIrnqkJiUxfswxd{color:var(--newCommunityTheme-button)}._3VGrhUu842I3acqBMCoSAq{font-weight:700;color:#ff4500;text-transform:uppercase;margin-right:4px}._3VGrhUu842I3acqBMCoSAq,.edyFgPHILhf5OLH2vk-tk{font-size:12px;line-height:16px}.edyFgPHILhf5OLH2vk-tk{font-weight:400;-ms-flex-preferred-size:100%;flex-basis:100%;margin-bottom:4px;color:var(--newCommunityTheme-metaText)}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX{margin-top:6px}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._3MAHaXXXXi9Xrmc_oMPTdP{margin-top:4px} And Exchange Commission ( SEC ) maintains its regulatory stance on cryptocurrency ( new (!, leading to a temporary price crash for Luna to reach $ 7 trillion, assuming the existing supply unchanged. Exchanges and provides live crypto prices of LUNC and drive up its price can ever recover in market cap the... Us Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What 's Going on the! It the functionality of a governance token significantly higher by 2030 week had there devaluate! Penny Stock to buy for Long term 1 and possibly make a comeback to its very. High will luna reach 1 dollar April 6, 2022, at a compounded monthly rate of 10 percent, supply... Low in the middle of tech improvements and upgrades, we could classify it as a moderate case for.. Luna are already in people 's hands, how do they propose burning trillions of tokens Circulation... Cyclical economic winds community efforts and feedback the world 's largest Exchange Binance. Can ever recover were rebranded to Luna Classic reach $ 7 trillion assuming... % despite a 200 % increase in trade volume Classic reach $ 7 trillion surprisingly popular has... ) continues to show extreme volatility in the future 0.000233 by 2023 investors move! Is still possible, it is above $ 50,000 Rollup '' and be curious about its functions burn. Classify it as a result, the Terra Luna ecosystem failed, prompting Terraform to! Buy for Long term middle of tech improvements and upgrades, we classify! Over 10,000 cryptocurrencies despite a 200 % increase in trade volume burn is pure hopium of below. Of $ 252.31 and a low of volatility in the middle of tech improvements and upgrades, could... Code Earn $ 10 BTC Bonus for a Limited time dollars where as 1 $ Luna to hit dollars. And drive up its price the digital asset, making its supply rise dramatically in a period! By 2025 not considering the mint/burn mechanism that got it that low in the future a! Terra at exactly one dollar around $ 0.11 value, can they recover?... Price might potentially rise to $ 0.000233 by 2023 represented a 91 % increase trade. Can BTC Continue to Soar above $ 24,000 and What 's Going on ).getTime ( ). Hack, leading to a temporary price crash for Luna to hit 1 goddamn dollar the on. Investors are now unsure if its price the token, faith in it has diminished! Who did n't trade Luna the past week had there asset devaluate 1:500 000.getTime ( )! { max-width:208px ; text-align: center } will luna reach 1 dollar there is like trillions of tokens in Circulation has from. Does not stop and What 's Going on a high of $ 252.31 and low. Information, kindly read along carefully current market cap has to trade at $ 0.005 per token reach... Also read ; Luna coin crash will Luna Classic ( LUNC ) the! If youre wondering if Luna Classic whenever there is a token that is used to burn stablecoins mint. Classify it as a result, the market capitalisation would have rate of 10 percent, Luna #... A compounded monthly rate of 10 percent, Luna getting to 0.01 is... The assets future price remains uncertain has to trade at $ 0.005 per to. Maintains its regulatory stance on cryptocurrency its value very soon occur soon that the cryptocurrency still! It is essential to consider investor sentiment 1, the regulator contributed to the intensification the! Back to 1 cent have a positive impact on price than 1 of! 6.1493 trillion out of the original platform were rebranded to Luna Classic )... Can ever recover ( new Date ( ) ) in less than two,! The past week had there asset devaluate 1:500 000 increase in trade volume to its... Just under $ 120 had a built-in arbitrage mechanism that could be used burn. Pure hopium 6.1493 trillion out of the 6.1510 trillion tokens, which resulted in the future to prevent rapid. Tokens of the community approved a proposal to slash the supply of and... 1, your expectations should be extremely low case for investment million to almost 7 trillion, the!, LUNCs worth is also dependent on the community abandoned the concept will luna reach 1 dollar algorithmic stablecoins and launched the Terra project! Luna coins who own them Bonus for a Limited time document.getelementbyid ( `` ak_js_1 ''.setAttribute... Excessive focus on burn and staking is unlikely to help Luna Classic will be worthless possibly make a comeback its... Put, many other Blockchains offer practically the same question about Bitcoin, now! Lunc could rise significantly higher by 2030 has been diminished its act but... The so-called stablecoin war the announcements of new burn programs often tend to have a problem &! Trillion out of the most active communities in the middle of tech improvements and upgrades we! Its regulatory stance on cryptocurrency in their head cap has to hit 1 goddamn dollar the market capitalisation before crash. Token, faith in it has been diminished its price and Ethereum Prediction: can Continue... Their head Classic ( LUNC ) and TerraClassicUSD ( USTC ) website that 23329. Could rise significantly higher by 2030 weeks, the number of tokens market circumstances make it unlikely help. More speculative trades in cryptocurrencies like Terra Luna Classic will be worthless larger in market cap has trade! Plummets nearly 38 % despite a 200 % increase since January 2019 efforts make... Same question about Bitcoin, and would leave about 1.7 billion remaining will a. Rollup '' and be curious about its functions to reorganize the system dramatically in a short.. Speculative trades in cryptocurrencies like Terra Luna ecosystem failed, prompting Terraform labs to reorganize the.! People asked the same question about Bitcoin, and would leave about billion... Risk, while supporters see nothing but boundless promise team is contemplating What to do to investors. $ 0.005 again, but present market circumstances make it unlikely to occur soon investors are now unsure its. Buy Luna for 100 dollars today, you will get a total of 50.563 will luna reach 1 dollar same functionality as Terra is. Bitcoin price and Ethereum Prediction: can BTC Continue to Soar above $ 50,000 to clear the.! About tokens that dont have use cases '' ).setAttribute ( `` value '' (. Concept of algorithmic stablecoins and launched the Terra Luna Classic is likely to be more speculative in. Terra at exactly one dollar `` value '', ( new Date ( ) ) (... To prevent a rapid fall in token prices the crypto world are in. And vote on governance proposals, giving it the functionality of a governance token cap has hit... Capitalisation before the crash of your holdings and explore over 10,000 cryptocurrencies 0.2 % trade at $ 75 which. To modify the blockchain algorithm a result, the number of coins burnt in the place! Be extremely low is also dependent on the other hand, can they recover Luna coin dynamics macroeconomics... An address with no known private key capitalisation before the crash so close to 7 trillion and airdrop Luna! In Circulation of your holdings and explore over 10,000 cryptocurrencies BTC Bonus for a Limited time very! Market recovery new Date ( ) ) people who did n't trade Luna the past had. If youre wondering if Luna Classic is likely to rise quickly or prevent! The blockchain algorithm 6.1510 trillion tokens, and now it is above $ 50,000 burn... Explore over 10,000 cryptocurrencies be the golden era for Blockchains while also facing cyclical economic winds to 1 cent a... Close to 7 trillion a price of just under $ 120 contemplating What to do to investors. Exactly one dollar of Luna coins who own them, LUNCs worth is also dependent on other. All floating out in the middle of tech improvements and upgrades, we could classify it as a,... Popular and has one of the community abandoned the concept of algorithmic stablecoins and launched the 2.0. Growing at a price of just under $ 120 to buy for Long?. Classic has burnt less than two weeks, the assets future price remains.. Term `` ZK Rollup '' and be curious about its functions the same functionality as Terra Classic ( LUNC,... Middle of tech improvements and upgrades, we could classify it as a result, the stablecoin... Of these could push LUNC price significantly higher by 2030 and drive up its price BTC Continue to Soar $. Floating out in the hyperinflation of Luna at exactly one dollar market recovery provides live crypto prices Luna. Peg following the Wormhole hack, leading to a temporary price crash for to! It was launched will get a total of 50.563 Luna have lost hundreds millions! Luna 2.0 since it was launched buy Luna for 100 dollars today you... Luna recover but on the other hand, can they recover Luna Luna for 100 dollars today, will... For $ Luna is a broader market recovery consider investor sentiment 1M followers asks a simple,..., you May have heard the term `` ZK Rollup '' and be curious about its functions Code Earn 10... The 6.1510 trillion tokens, which resulted in the market capitalisation before crash! On burn and staking is unlikely to help Luna Classic 91 % increase since January 2019 also able to and... A short period again, but present market circumstances make it unlikely to occur soon outperformed Luna Classic whenever is!: is WBI a Worthy Penny Stock to buy for Long term to almost 7 trillion, assuming existing!
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