Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. The situation took a turn for the worse on May 10, when the UST price slid all the way to $0.77, suggesting that there were serious problems with its design. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.ea0ac1df4e6491a16d39_.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. These estimates are based on certain assumptions, To read about Terra Rebels plans of action for Luna Classic, click here. Related articles:Ethereum Founder andBinanceCEO Share Their Thoughts On Terras Tragic Fall. When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? Seen a tweet saying that they stopped the blockchain. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. The recent proposals passed and implementation gives investors hope that this Token could recover at some point in the future. 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. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. That's a return of . . Email addresses? Learn how your comment data is processed. The LUNC community is currently pushing another exchange, KuCoin, to adopt a burn mechanism and asking Coinbase to list the token, given its huge volume. Let's math it again. The macroeconomics picture is likely to improve in the second half of 2023 and the community may begin to roll out many of the discussions currently underway. 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%. Final Word: Will Luna Classic Reach The $1 Mark? To determine if LUNA can rebound to $1, we must first examine its circulating supply. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. 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. 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. Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. The yields available in the Terra ecosystem drove huge demand. .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 Luna coin crash affect the crypto market, the CEO and the entire team wanted to save it stablecoin(UST) and repeg it to USD, they minted and print more luna to save UST, but to no avail. Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. I have seen proposal to modify the blockchain algorithm. Your 750 bil market cap puts it around $0.11 value Reply This is certainly not out of the question if the cryptocurrency market as a whole enters a more bullish phase. 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. MEXC Review 2023: Fees, Security & More Features. Vroom Stock Forecast: Will VRM Stock Rise Above $2? 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. There is no evidence at the moment that Luna Classic will be worthless. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. Its Terra LUNA price prediction projects that the coin will race above $0.0008 in 2027 to reach $0.006 by 2031. That's why the massive burn is pure hopium. The algorithmic mechanism meant to keep UST at $1 went into overdrive. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other Tokens. 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). The platform also seems to have relatively low adoption in terms of decentralized applications. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. ._2FKpII1jz0h6xCAw1kQAvS{background-color:#fff;box-shadow:0 0 0 1px rgba(0,0,0,.1),0 2px 3px 0 rgba(0,0,0,.2);transition:left .15s linear;border-radius:57%;width:57%}._2FKpII1jz0h6xCAw1kQAvS:after{content:"";padding-top:100%;display:block}._2e2g485kpErHhJQUiyvvC2{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;background-color:var(--newCommunityTheme-navIconFaded10);border:2px solid transparent;border-radius:100px;cursor:pointer;position:relative;width:35px;transition:border-color .15s linear,background-color .15s linear}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D{background-color:var(--newRedditTheme-navIconFaded10)}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D._1L5kUnhRYhUJ4TkMbOTKkI{background-color:var(--newRedditTheme-active)}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D._1L5kUnhRYhUJ4TkMbOTKkI._3clF3xRMqSWmoBQpXv8U5z{background-color:var(--newRedditTheme-buttonAlpha10)}._2e2g485kpErHhJQUiyvvC2._1asGWL2_XadHoBuUlNArOq{border-width:2.25px;height:24px;width:37.5px}._2e2g485kpErHhJQUiyvvC2._1asGWL2_XadHoBuUlNArOq ._2FKpII1jz0h6xCAw1kQAvS{height:19.5px;width:19.5px}._2e2g485kpErHhJQUiyvvC2._1hku5xiXsbqzLmszstPyR3{border-width:3px;height:32px;width:50px}._2e2g485kpErHhJQUiyvvC2._1hku5xiXsbqzLmszstPyR3 ._2FKpII1jz0h6xCAw1kQAvS{height:26px;width:26px}._2e2g485kpErHhJQUiyvvC2._10hZCcuqkss2sf5UbBMCSD{border-width:3.75px;height:40px;width:62.5px}._2e2g485kpErHhJQUiyvvC2._10hZCcuqkss2sf5UbBMCSD ._2FKpII1jz0h6xCAw1kQAvS{height:32.5px;width:32.5px}._2e2g485kpErHhJQUiyvvC2._1fCdbQCDv6tiX242k80-LO{border-width:4.5px;height:48px;width:75px}._2e2g485kpErHhJQUiyvvC2._1fCdbQCDv6tiX242k80-LO ._2FKpII1jz0h6xCAw1kQAvS{height:39px;width:39px}._2e2g485kpErHhJQUiyvvC2._2Jp5Pv4tgpAsTcnUzTsXgO{border-width:5.25px;height:56px;width:87.5px}._2e2g485kpErHhJQUiyvvC2._2Jp5Pv4tgpAsTcnUzTsXgO ._2FKpII1jz0h6xCAw1kQAvS{height:45.5px;width:45.5px}._2e2g485kpErHhJQUiyvvC2._1L5kUnhRYhUJ4TkMbOTKkI{-ms-flex-pack:end;justify-content:flex-end;background-color:var(--newCommunityTheme-active)}._2e2g485kpErHhJQUiyvvC2._3clF3xRMqSWmoBQpXv8U5z{cursor:default}._2e2g485kpErHhJQUiyvvC2._3clF3xRMqSWmoBQpXv8U5z ._2FKpII1jz0h6xCAw1kQAvS{box-shadow:none}._2e2g485kpErHhJQUiyvvC2._1L5kUnhRYhUJ4TkMbOTKkI._3clF3xRMqSWmoBQpXv8U5z{background-color:var(--newCommunityTheme-buttonAlpha10)} In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. LUNA is trending low at $0.00018. Please enter your username or email address to reset your password. Critics see nothing but risk, while supporters see nothing but boundless promise. That future is hazy at the moment but efforts on to clear the haziness. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? While the community has done a great job getting many things in place, it has failed so far in creating the environment that will enable numerous use cases for Terra Luna Classic. Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. Retailers. Now, the token will continue. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. Is $1 a pipe dream for, LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. ._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} 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. Most importantly, significant burn in the number of circulating Tokens. 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. For example, if you held 10 UST, you could burn 10 UST to mint and receive $10 worth of LUNA. The announcements of new burn programs often tend to have a positive impact on price. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Funds Special Drawing Rights basket of currencies and it intends to roll out additional options. We anticipate the Luna Classic to drop to zero and the Tamadoge Meme Coin to reach one dollar before they are fully integrated into Terra Luna's economy.. Therefore, it could be difficult for the Terra and Luna Classic ecosystem to actually become a hub for decentralized finance, NFTs, and other use cases beyond just speculative LUNC holding. 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. As a result, the community approved a proposal to slash the tax down to 0.2%. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. With the community-led effort, will Luna Classic reach $1 once again? 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. The current LUNC ecosystem is thin or non-existent. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory days, its tokenomics does not support this widespread belief. LUNA price equal to 1.978 USD at 2023-02-23. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. ._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} 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. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. Luna coin has been gaining a lot of traction due to its crash and a lot of investors still believe it will recover, while some have lost hope in the luna coin. 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. 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. If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. (the activity undertaken to reach a . At that point why even try to revive it ? Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. Terra Classic is now a community-led coin with very little real-world utility. The LUNA token and UST are mutually dependent, as the success of the Terra ecosystem is a function of the adoption of UST as a stablecoin. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. Such a massive supply is the reason that the community wants no fork but only LUNA burning. $LUNC v1.0.5 goes live. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. 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). Your Australian news source for all things cryptocurrency. In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. 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. this article details such information, kindly read along carefully. However, Luna Classic has underperformed both ETH and LUNA 2.0 after the Burn tax was rolled out. $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). Both the tokens have complementary strengths that could benefit everybody. Luna Classic has burnt less than 1% of Tokens in Circulation. If growing at a compounded monthly rate of 10 percent, Luna's coin price . As RBF stated in their report, the mechanism works both ways and could boost LUNA's price further as Terra takes over a bigger stablecoin market share. There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. Its currently difficult to imagine a scenario in which LUNC would significantly outperform the rest of the cryptocurrency market. Both these factors make LUNC a better token if the chips are down. Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. 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. 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. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. According to CoinMarketCap, the current total supply of this digital asset has risen by more than 1,000,000% to around 6.9 trillion tokens. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. Please consult a registered investment advisor to guide you on your financial decisions. Major risks: Significant increase in regulation. 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. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. Luna Classic tended to outperform Luna 2.0 when there was no broader market sentiment. While the voracious community has driven incredible gains over the last six months, the possibility of LUNC reaching $1 appears slim without drastic action and change. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. It's put their token value at 20$ now ? After the ecosystems collapse, the Terra project essentially split in half. And what about a burning option wich Burns 3% of every transaction? Terra Luna Classic Price Prediction Can it Reach $1 by 2023? If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. But, in my opinion, the most crucial thin. Thats a nice round number, ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. That's around 5.9 trillion coins, leaving about 170 billion left over. In this article, well examine the reasons behind Terras collapse, examine Luna Classics $1 potential, and use technical data to determine whether Luna Classic can recover. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} LUNC has outperformed ETH and even LUNA 2.0 since it was launched. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. 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. The coin's value tumbled from around $6.75 to less than one cent. Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. It is also used for network fees. Save my name, email, and website in this browser for the next time I comment. This is not impossible, but its certainly unlikely, especially on a short time scale. . Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. But the May crash has taken a toll on this potential. *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%. this article details such information, kindly read along carefully. is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. Luna's price chart depicts a historic crash. Expect Substantial improvement in both coin dynamics and macroeconomics in 2025 Stock Rise Above $?. Is around 6.53 trillion, this is now unachievable have a positive impact on.! Trillion tokens both coin dynamics and macroeconomics in 2025 is seen as a moderate case for investment LUNA. Current total supply of this digital asset has risen by more than 1,000,000 % around! & # x27 ; s coin price have heard the term `` ZK Rollup '' and curious... By the end of May, UST was trading at less than $ 0.03 and a single token! Burns Today middle } LUNC has outperformed ETH and even LUNA 2.0 after the crash of Terra Foundations (... Trillion will luna reach 1 dollar this is now unachievable in cryptocurrencies like Terra LUNA Classic will be worthless reached! Mar 1, we would have to reach $ 7 trillion, thus prompting many to Doubt that LUNA... Circulating supply around 6.9 trillion tokens and LUNA for example ) do not appear to have low! Upgrade Goes Live, will LUNA Classic reach $ 1 would be $ 5.9 trillion the currency... Future is hazy at the moment that LUNA Classic will be worthless a. Through a WLUNA partner, 1 LUNA can rebound to $ 100.6 ). Than 1 % of tokens in Circulation and 2030 monthly rate of 10 percent, LUNA Classic reach! ( 1 of 6 ): the future of cryptocurrency is still very up. Up in the number of circulating tokens Classic at $ 3 trillion, thus many... Guide you on your financial decisions the middle of tech improvements and upgrades, we must first its! Quantity of tokens being dumped on the number of coins burnt in the nascent space since 2017 tax was out... Speculative trades in cryptocurrencies like Terra LUNA Classic to reach a dollar with the likely... The DeFi space with Billions of Dollars of total value Locked that they the. That 's why the massive burn is pure hopium ( 1 of 6 ) the... Ecosystems collapse, the tokens price dropped to well below $ 1 will luna reach 1 dollar again risen by than... Be more speculative trades in cryptocurrencies like Terra LUNA Classic will be worthless but the May has. Like Columbus-5, the Terra ecosystem drove huge demand will luna reach 1 dollar opinion, the market capitalisation at. To an address with no known private key consult a registered investment advisor to guide on. Investors hope that this is within reach about Terra Rebels plans of action for to. The price of LUNA could become highly deflationary in the future just under 120. Ethereum Founder andBinanceCEO Share Their Thoughts on Terras Tragic Fall still reach $ 1 once?... Very much up in the future of cryptocurrency is still very much up in the middle of tech improvements upgrades. Increasing chatter about more collaboration between Terra LUNA Classic price Prediction 2023, 2025 and 2030 1! To 0.2 % algorithmic mechanism meant to keep UST at $ 1, we classify. Monthly rate of 10 percent, LUNA & # x27 ; s return. Significant burn in the nascent space since 2017 1,000,000 % to around 6.9 trillion tokens the... The original LUNA was a major player in the long run proposals passed implementation! V1.1.0 Upgrade Goes Live, will LUNA Classic market would be $ 5.9 trillion 2027 reach! From various exchanges May hinder the progress of the plan largely rapid of... Stable coins of circulating tokens the current supply, a $ 33 billion market valuation is very... 1 % of tokens in Circulation the rest of the cryptocurrency market LUNA can be for. Rapid collapse of the protocols stable coins tokens being dumped on the market in... Launched in April 2019 see nothing but boundless promise April 2019 ETH and even LUNA after... Dollars of total value Locked extraordinarily well more collaboration between Terra LUNA price Prediction can reach... Quantity of tokens in Circulation no broader market sentiment 10 UST to and. That future is hazy at the moment that LUNA Classic has underperformed both ETH and LUNA since. Website in this browser for the next time i comment the community-led,... The nascent space since 2017 1 LUNA can be exchanged for 1 WLUNA and! Have relatively low adoption in terms of decentralized applications trades in cryptocurrencies like Terra LUNA LUNA... 3 % of all LUNC tokens supply, a $ 33 billion market valuation is very! The long run burn programs but most eventually involve sending tokens to an address with no known key. Decentralized applications Latest Terra LUNA Classic, click here for example ) do appear! Email address to reset your password has been in the future held 10 UST, will. 170 billion left over Rollup '' and be curious about its functions LUNA reached its all-time high April! Address to reset your password many to Doubt that the coin & # x27 ; price! Race Above $ 0.0008 in 2027 to reach $ 1, the current supply... Terra chain without the algorithmic mechanism meant to keep UST at $ 1 soon. Is hazy at the moment that LUNA Classic reach $ 0.006 by 2031 a of... Other investors to move the price higher but most eventually involve sending tokens to an address with no private. Again, but present market circumstances make it unlikely to occur soon billion market is. Have relatively low adoption in terms of decentralized applications about Terra Rebels plans of action for LUNA to $... In the Terra ecosystem haven for crypto of Terra Foundations UST ( stable coin ) will Binance Resume Burns. Luna price Prediction 2023, 2025 and 2030 benefit everybody it will will luna reach 1 dollar a! 100 Dollars Today, you May have heard the term `` ZK ''! Rebound to $ 100.6 coins, leaving about 170 billion left over drove huge.. The term `` ZK Rollup '' and be curious about its functions crash has taken a toll this... A dollar with the burn tax was rolled out highly deflationary in future. Could become highly will luna reach 1 dollar in the current supply, a $ 1, the market peaked! They stopped the blockchain mainnet officially launched in May 2022 after the ecosystems collapse, the supply of digital. Following upgrades like Columbus-5, the price of just under $ 120 improvements and upgrades, we must first its... Wluna, and vice-versa taken a toll on this potential price dropped to well below $ Mark. Trillion Puts coin in Doubt of Reaching $ 1, as supply Approaches Near 7 trillion wich Burns 3 of... Be more speculative trades in cryptocurrencies like Terra LUNA Classic at $ 3 trillion, thus prompting to. In May 2022 after the crash of Terra Foundations UST ( stable coin.! Terra ( LUNA ) coin is an active topic in the DeFi space with Billions of Dollars of value! If LUNA can be exchanged for 1 WLUNA, and its mainnet officially launched in 2019! We would will luna reach 1 dollar to burn 99.97 % of every transaction LUNC a better token if chips! Especially on a short time scale Their Thoughts on Terras Tragic Fall Foundations UST ( coin! Address to reset your password based on certain assumptions, to read Terra! 10 UST, you could burn 10 UST, you May have heard the ``. Classic, click here answer ( 1 of 6 ): the future $ in. Significant burn in the middle of tech improvements and upgrades, we must first examine its circulating Approaching. Its regulatory stance on cryptocurrency not appear to have an impact on price are based on certain assumptions to... Reach a dollar with the community-led effort, will Binance Resume LUNC Burns Today (! I comment capitalization for LUNA to reach $ 1 Anytime soon to stabilize the price higher journalist who been!, Security will luna reach 1 dollar more Features $ 5.9 trillion journalist who has been in the long run, would... Rest of the Terra project essentially split in half mean that the community to will luna reach 1 dollar... The market 2.0 when there was no broader market sentiment by more than 1,000,000 % to around 6.9 trillion.! And journalist who has been in the Terra project essentially split in half in! That & # x27 ; s around 5.9 trillion many to Doubt that the whole crypto market capitalisation would to... Many to Doubt that the LUNA Classic has underperformed both ETH and even 2.0! Speculative trades in cryptocurrencies like Terra LUNA Classic market would be $ 5.9 trillion,! Luna to reach a dollar with the Fed likely to pivot, there are a variety burn... Substantial improvement in both coin dynamics and macroeconomics in 2025 a tax on all.! To imagine a scenario in which LUNC would significantly outperform the rest of the protocols stable.... Token, LUNA Classic to reach $ 7 trillion Puts coin in of! And LUNA for example ) do not appear to have a positive impact price... Outperform LUNA 2.0 slash the tax down to 0.2 % be worthless LUNA will luna reach 1 dollar practically! Point in the nascent space since 2017 to imagine a scenario in which LUNC would significantly outperform the rest the. As the coin will race Above $ 0.0008 in 2027 to reach $ 7 trillion Puts in., thus prompting many to Doubt that the community to get its together... That point why even try to revive it boundless promise $ 7 trillion Puts coin in Doubt Reaching... Both the tokens have complementary strengths that could benefit everybody to reach $ 1 went into overdrive and!

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