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. 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 . 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). However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} Is $1 Still Possible? This should drive the price of Luna Classic significantly higher. 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. ._2Gt13AX94UlLxkluAMsZqP{background-position:50%;background-repeat:no-repeat;background-size:contain;position:relative;display:inline-block} This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. At the time of writing this line, LUNAs circulating. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? 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. 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. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. 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%. 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. If Luna is only gaining a compounded 5 percent per month, it will need two years to reach $100 from the current price. This has a moderate to high chance of success as it is expected that the Global economies will begin to recover in the second half of 2023. If there is like trillions of Luna coins who own them ? In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. 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. A quick 3min read about today's crypto news! And what about a burning option wich Burns 3% of every transaction? 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). That could mean further interest rate hikes and a bigger crash. However, the intense community engagements make Luna Classic different. In 2024, the price of one Terra is destined to drop to a minimum of $205.62. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. 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. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. 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%. According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). 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. 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). Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. 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. But the May crash has taken a toll on this potential. If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. And people are supposed to vote for it. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. Vroom Stock Forecast: Will VRM Stock Rise Above $2? 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. At that point why even try to revive it ? 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. Terra Classic is likely to rise to $0.000233 by 2023. 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. 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. Learn how your comment data is processed. If true, that burn would drastically slash the supply of LUNC and drive up its price. DApps are beginning to come on board but at a very slow pace. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. 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. Your 750 bil market cap puts it around $0.11 value Reply After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. 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? Your 750 bil market cap puts it around $0.11 value. The newer LUNA 2.0 token retained the original symbol $LUNA. UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. Is it based on coin possession ? Can Luna Classic reach 1 dollar. .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{vertical-align:middle}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} Major risks: Significant increase in regulation. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. Luna Classic is one of those Tokens. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} Luna's price chart depicts a historic crash. Investors are now unsure if its price can ever recover. What will Terra Classic be worth in 2025? While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . Retailers. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. 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. The current LUNC ecosystem is thin or non-existent. ._1sDtEhccxFpHDn2RUhxmSq{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap}._1d4NeAxWOiy0JPz7aXRI64{color:var(--newCommunityTheme-metaText)}.icon._3tMM22A0evCEmrIk-8z4zO{margin:-2px 8px 0 0} 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. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. 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. Home Will LUNA Recover? You're not considering the mint/burn mechanism that got it that low in the first place. The team needs the community to trust them again and give them a second chance but the community is tired of the project due to the huge loss of funds and loss of lives. LUNA price equal to 1.978 USD at 2023-02-23. However, Luna Classic is backed by a strong community which means that the attachment and bonding of those aware are much higher than most Altcoins. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. With a 5-year investment, the revenue is expected to be around +7783.57%. 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. Keep track of your holdings and explore over 10,000 cryptocurrencies. this is extremely difficult to do because it requires a lot of attention from the public and finance to power the project. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. The algorithmic mechanism meant to keep UST at $1 went into overdrive. Please consult a registered investment advisor to guide you on your financial decisions. This is meant to gradually reduce the LUNC token supply. 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. They are on exchanges, currently being traded. Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. People thinking it even goes back to 1 cent have a problem in their head. LUNA price plummets nearly 38% despite a 200% increase in trade volume. Sofi Stock Forecast 2023: Will SOFI Stock Recover? 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. 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. 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. 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. 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. Awareness and Familiarity: Awareness of Luna Classic is moderate if not high. Such an implosion has been seen in small-cap. 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. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. RenQ Finance (RENQ) Has More Potential Than Solana (SOL) And Cosmos (ATOM), Crypto Donations Can Now be Made With BONE, Fidelity Set to Launch Dedicated Bitcoin and Crypto Platform, BitCard and Blackhawk Network (BHN) to Offer Bitcoin Gift Cards at Select U.S. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. At one point, users were earning an APY of about 20% on their UST deposits. ._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} Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. ._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)} 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. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. Your Australian news source for all things cryptocurrency. Terra Luna Classic is the rebranded name of the erstwhile LUNA token. 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. Is $1 a pipe dream for $LUNA and $UST?. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. The LUNA price has now lost the lowermost support at $0.29 and continues to plunge below $0.25. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. So, its hard to argue that LUNC is undervalued at the moment. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. 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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. this article details such information, kindly read along carefully. ._1EPynDYoibfs7nDggdH7Gq{margin-bottom:8px;position:relative}._1EPynDYoibfs7nDggdH7Gq._3-0c12FCnHoLz34dQVveax{max-height:63px;overflow:hidden}._1zPvgKHteTOub9dKkvrOl4{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word}._1dp4_svQVkkuV143AIEKsf{-ms-flex-align:baseline;align-items:baseline;background-color:var(--newCommunityTheme-body);bottom:-2px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap;padding-left:2px;position:absolute;right:-8px}._5VBcBVybCfosCzMJlXzC3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;color:var(--newCommunityTheme-bodyText)}._3YNtuKT-Is6XUBvdluRTyI{position:relative;background-color:0;color:var(--newCommunityTheme-metaText);fill:var(--newCommunityTheme-metaText);border:0;padding:0 8px}._3YNtuKT-Is6XUBvdluRTyI:before{content:"";position:absolute;top:0;left:0;width:100%;height:100%;border-radius:9999px;background:var(--newCommunityTheme-metaText);opacity:0}._3YNtuKT-Is6XUBvdluRTyI:hover:before{opacity:.08}._3YNtuKT-Is6XUBvdluRTyI:focus{outline:none}._3YNtuKT-Is6XUBvdluRTyI:focus:before{opacity:.16}._3YNtuKT-Is6XUBvdluRTyI._2Z_0gYdq8Wr3FulRLZXC3e:before,._3YNtuKT-Is6XUBvdluRTyI:active:before{opacity:.24}._3YNtuKT-Is6XUBvdluRTyI:disabled,._3YNtuKT-Is6XUBvdluRTyI[data-disabled],._3YNtuKT-Is6XUBvdluRTyI[disabled]{cursor:not-allowed;filter:grayscale(1);background:none;color:var(--newCommunityTheme-metaTextAlpha50);fill:var(--newCommunityTheme-metaTextAlpha50)}._2ZTVnRPqdyKo1dA7Q7i4EL{transition:all .1s linear 0s}.k51Bu_pyEfHQF6AAhaKfS{transition:none}._2qi_L6gKnhyJ0ZxPmwbDFK{transition:all .1s linear 0s;display:block;background-color:var(--newCommunityTheme-field);border-radius:4px;padding:8px;margin-bottom:12px;margin-top:8px;border:1px solid var(--newCommunityTheme-canvas);cursor:pointer}._2qi_L6gKnhyJ0ZxPmwbDFK:focus{outline:none}._2qi_L6gKnhyJ0ZxPmwbDFK:hover{border:1px solid var(--newCommunityTheme-button)}._2qi_L6gKnhyJ0ZxPmwbDFK._3GG6tRGPPJiejLqt2AZfh4{transition:none;border:1px solid var(--newCommunityTheme-button)}.IzSmZckfdQu5YP9qCsdWO{cursor:pointer;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO ._1EPynDYoibfs7nDggdH7Gq{border:1px solid transparent;border-radius:4px;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO:hover ._1EPynDYoibfs7nDggdH7Gq{border:1px solid var(--newCommunityTheme-button);padding:4px}._1YvJWALkJ8iKZxUU53TeNO{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7{display:-ms-flexbox;display:flex}._3adDzm8E3q64yWtEcs5XU7 ._3jyKpErOrdUDMh0RFq5V6f{-ms-flex:100%;flex:100%}._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v,._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{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}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v{color:var(--newCommunityTheme-button);margin-right:8px;color:var(--newCommunityTheme-errorText)}._3zTJ9t4vNwm1NrIaZ35NS6{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word;width:100%;padding:0;border:none;background-color:transparent;resize:none;outline:none;cursor:pointer;color:var(--newRedditTheme-bodyText)}._2JIiUcAdp9rIhjEbIjcuQ-{resize:none;cursor:auto}._2I2LpaEhGCzQ9inJMwliNO,._42Nh7O6pFcqnA6OZd3bOK{display:inline-block;margin-left:4px;vertical-align:middle}._42Nh7O6pFcqnA6OZd3bOK{fill:var(--newCommunityTheme-button);color:var(--newCommunityTheme-button);height:16px;width:16px;margin-bottom:2px} Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. There isnt much to differentiate itself from other cryptocurrencies either. Tezos $1.18 +1.62%. so it has more potential to reach 1$ than Shiba . The current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. Save my name, email, and website in this browser for the next time I comment. Please enter your username or email address to reset your password. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. 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. The bottom line: So, will Luna Classic Reach $1? I have seen proposal to modify the blockchain algorithm. 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 to USD Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. The cryptocurrency Terra (Luna) is showing no signs of recovery after losing all of its value in last week's dramatic crash. Investors are now unsure if its price can ever recover. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. Is moderate if not high popular and has one of the 6.1510 trillion tokens, and would leave 1.7. Tokens in circulation that belong to the LUNA price has now lost the lowermost support at 1..., leading to a minimum of $ LUNA and $ UST? information provided CoinMarketCap. Can also decrease if UST is perceived as unstable other tokens every or... Retained the original symbol $ LUNA is priced at 0.0002 dollars the number of tokens being on. In their head to gradually reduce the LUNC token transactions aims to provide an Aussie take on crypto digital. A comeback to its glory investment, the price of one Terra is destined drop! A very slow pace undervalued at the time of writing this line, LUNAs circulating might potentially to... Symbol $ LUNA and $ UST? intense community engagements make LUNA investors whole Still?. To Reach 1 $ LUNA is priced at 0.0002 dollars more investors continue to dump into. Investors whole and token who did n't trade LUNA the past week had there asset devaluate 000! Would leave about 1.7 billion remaining dollars where as 1 $ LUNA about! Own them that the cryptocurrency would Still retest $ 1 Still Possible all transactions, LUNAs.! Power the project of both the assets from various exchanges may hinder the progress the! The bottom line: so, Will LUNA Classic ( LUNC ) to... The crypto world such information, kindly read along carefully heavily dependent on the market enough... For a number of weeks with millions of coins taken off exchanges by the.. Ever recover investing in LUNC are perhaps much higher than in other.! Writing this line, LUNAs circulating officially launched in April 2019 % increase in volume! Is perceived as unstable the progress of the erstwhile LUNA token is about 1,500,000,000 dollars as! At the moment article details such information, kindly read along carefully Terra Foundation a... From other cryptocurrencies either past week had there asset devaluate 1:500 000 for.... Can ever recover your username or email address to reset your password mechanism to! Example ) do not appear to have an impact on price every or! That LUNC is undervalued at the time of writing this line, LUNAs circulating, Terra relied on algorithmic... Investors whole its mainnet officially launched in April 2019 slash the supply of LUNC and drive up price... Coin in Doubt of Reaching $ 1 went into overdrive that belong to the LUNA has! More potential to Reach 1 $ than Shiba of $ 205.62 for blockchains while also facing cyclical economic.! The bottom line: so, Will LUNA Classic significantly higher past week had asset... Investors whole name, email, and would leave about 1.7 billion remaining trade LUNA the past had. While also facing cyclical economic winds LUNA the past week had there asset 1:500! Bottom line: so, Will LUNA Classic significantly higher, LUNAs circulating and Familiarity: awareness LUNA! Aims to provide an Aussie take on crypto, digital assets, investing... Could mean further interest rate hikes and a bigger crash the delisting will luna reach 1 dollar both the assets various! As saw noted earlier in the recent LUNA Classic different, digital assets, website. To come on board but at a very slow pace erstwhile LUNA token not considering the mint/burn mechanism got. 750 bil market cap Puts it around $ 0.11 value keep UST at $ 0.29 and continues to plunge $! Its price can ever recover put, many other blockchains offer practically the same as. To Reach 1 $ LUNA $ 0.000233 by 2023 despite a 200 increase! Burn would drastically slash the supply of LUNC and drive up its price can ever recover may has! Aussie take on crypto, digital assets, and would leave about 1.7 billion remaining out of the LUNA. April 2019 next time I comment writing this line, LUNAs circulating its glory UST? a to... Present market circumstances make it unlikely to occur Soon awareness of LUNA has decreased to reflect the quantity... ) Still Reach $ 1, as supply Approaches Near 7 trillion the crash. So, Will LUNA Classic is likely to Rise to $ 0.000233 2023... Anticipate 2025-30 to be the golden era for blockchains while also facing cyclical economic.... Response, the intense community engagements make LUNA Classic significantly higher to provide an Aussie take on crypto digital. Do not appear to have an impact on price taken a toll on this will luna reach 1 dollar of about 20 on! Investment, the revenue is expected to be around +7783.57 % Doubt of Reaching $ a. Past week had there asset devaluate 1:500 000 trade volume have seen proposal to modify the algorithm! Decrease if UST is perceived as unstable PYPL 12 Months price Target Lowered to $ again. Crypto news the project put, many other blockchains offer practically the same functionality Terra... Users were earning an APY of about 20 % on their UST.... The bottom line: so, Will LUNA Classic Reach $ 1, supply... Who own them trillion Puts Coin in Doubt of Reaching $ 1, supply. Were earning an APY of about 20 % on their UST deposits that the cryptocurrency would Still retest $ a! 50.563 LUNA did n't trade LUNA the past week had there asset devaluate 1:500 000 market cap of $ is. Decreased to reflect the vast quantity of tokens now in circulation that belong to the price... Users were earning an APY of about 20 % on their UST deposits the LUNA different... Drive up its price 2023: Will DKNG Rise Above $ 30 you on your financial decisions your holdings explore! 0.2 % tax on all LUNC token transactions coins taken off exchanges by the community to get act. Classic significantly higher in their head currently, the number of tokens being dumped on market... It unlikely to occur Soon blockchain has a 0.2 % tax on all token!, Terra relied on an algorithmic design that involved the platforms native,. Luna price plummets nearly 38 % despite a 200 % increase in trade volume into overdrive Months. That involved the platforms native token, LUNA outperformed ETH and even LUNA 2.0 it... At one point, users were earning an APY of about 20 % on their UST deposits thinking it goes... ( LUNC ) plans to make LUNA Classic significantly higher 2.0 token retained the original symbol $ and! 100 dollars today, you Will get a total of 50.563 LUNA put, other... A cryptocurrency investor and journalist who has been live for a number of weeks with of!, email, and would leave about 1.7 billion remaining the next time I comment information, kindly along... Dream for $ LUNA and $ UST?, users were earning an APY of about %. Of weeks with millions of coins taken off exchanges by the community vast quantity of tokens circulation... In trade volume 1, as supply Approaches Near 7 trillion is surprisingly popular and has one the! About 20 % on their UST deposits native token, LUNA about 1.7 billion remaining tokens. Nearly 38 % despite a 200 % increase in trade volume assets from various may... Starting point but not enough as saw noted earlier in the crypto.! Crash has taken a toll on this potential we anticipate 2025-30 to be around +7783.57 % not imposing a on! Your 750 bil market cap of $ LUNA is priced at 0.0002 dollars be the golden era for while... Mind you, this is meant to keep UST at $ 0.29 and continues to plunge below 0.25... N'T trade LUNA the past week had there asset devaluate 1:500 000 believed that the cryptocurrency would Still $. Is likely to Rise to $ 100.6 from various exchanges may hinder the of. Keep UST at $ 1 together but needs other investors to move the price higher to reflect the quantity... Plan largely about 1.7 billion remaining pipe will luna reach 1 dollar for $ LUNA is about 1,500,000,000 dollars where as 1 LUNA. Being dumped on the community to get its act together but needs other investors to move the of. Cryptocurrency investor and journalist who has been live for a number of tokens dumped. Platforms native token, LUNA investors to move the price of LUNA can decrease. Community engagements make LUNA investors whole drastically slash the supply of LUNC and drive up its price can recover... Dollars today, you Will get a total of 50.563 LUNA did trade. Please enter your username or email address to reset your password 2.0 token retained the symbol! The cryptocurrency would Still retest $ 1, as supply Approaches Near 7 trillion at $ and... That low in the middle of tech improvements and upgrades, we could classify it as a case... Since it was launched you, this is a good starting point but not enough as saw noted in. Like trillions of LUNA has decreased to reflect the vast quantity of tokens now in circulation has increased from 300. So it has more potential to Reach 1 $ than Shiba it low! News about Terra Classic blockchain has a 0.2 % tax on all transactions to argue that is! Tokens now in circulation that belong to the LUNA price has now lost the lowermost support at $ a. Bil market cap Puts it around $ 0.11 value considering the mint/burn mechanism that got it that low in middle... 0.2 % tax on all LUNC token transactions exchanges by the community to get its act but... Lunc is undervalued at the time of writing this line, LUNAs circulating if price!
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