The algorithmic mechanism meant to keep UST at $1 went into overdrive. If those Luna are already in people's hands, how do they propose burning trillions of tokens? LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? Terra Luna Classic is the rebranded name of the erstwhile LUNA token. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. A quick 3min read about today's crypto news! According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. Learn how your comment data is processed. According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). 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. 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. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} However, this is the case, given that the. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. ._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)} 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. Terra Classic is likely to rise to $0.00050 by 2025. Luna Classic price prediction estimates are a function of various analyst opinions. 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. 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. And what about a burning option wich Burns 3% of every transaction? Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. While many believe that the cryptocurrency can return in value above $1, and perhaps return to its glory days, the number of its cryptocurrencies does not support . If Luna is only gaining a compounded 5 percent per month, it will need two years to reach $100 from the current price. Yes. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. I have seen proposal to modify the blockchain algorithm. I dont understand what will the burning mean for holders. @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} 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. Yes, Luna Classic can go back to 1 dollar again if the following conditions are met - Improvement in the macroeconomic environment, No new scams in the cryptocurrency industry, sharp LUNC community focus on building the Luna Classic ecosystem. 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. So unless we see a very orderly burning of the $LUNA, THIS IS OVER. This is certainly not out of the question if the cryptocurrency market as a whole enters a more bullish phase. The LUNC community executed LUNC Burn quite efficiently and is currently in the process of upgrading the tech infrastructure. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. 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. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? This could boost the price once specific dates and capabilities are detailed. You have entered an incorrect email address! . $LUNC v1.0.5 goes live. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? Do Burn programs have an impact on price? Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. I thought that was forbidden to avoid forks to append. Also, inflation is expected to remain hot this year. It has since regained some of its value, though. LUNC Burn Updates Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. ._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} We typically tend to be pessimistic about Tokens that dont have use cases. This should drive the price of Luna Classic significantly higher. Your 750 bil market cap puts it around $0.11 value Reply 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. MULN Stock Forecast 2023: Can MULN Rise Above $0.30? Luna Classic Price Prediction 2023, 2025 and 2030, Top Performing Layer-1 Blockchain, Last 12 Months, A Class action lawsuit against Terra Luna and Do Kwon, the Technical team continues to make progress on Terra Classic Blockchain, Latest Justin Trudeau Approval Rating 2023. Will Luna Classic Reach $1. 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. If it grew to shibs market cap during the bull run it would have . That is not to recommend not buying Luna 2.0 but there appear to be reasons to hold on to Luna Classic at the moment. Is $1 a pipe dream for $LUNA and $UST?. In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. 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. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Many of these are not active on Terra Classic. Most importantly, significant burn in the number of circulating Tokens. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. If you'd bought $1,000 worth of Terra a year ago, it would now be worth around $37,000. 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 . 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.. This is a high-risk forecast which means that there is a high possibility of failure. Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. @keyframes _1tIZttmhLdrIGrB-6VvZcT{0%{opacity:0}to{opacity:1}}._3uK2I0hi3JFTKnMUFHD2Pd,.HQ2VJViRjokXpRbJzPvvc{--infoTextTooltip-overflow-left:0px;font-size:12px;font-weight:500;line-height:16px;padding:3px 9px;position:absolute;border-radius:4px;margin-top:-6px;background:#000;color:#fff;animation:_1tIZttmhLdrIGrB-6VvZcT .5s step-end;z-index:100;white-space:pre-wrap}._3uK2I0hi3JFTKnMUFHD2Pd:after,.HQ2VJViRjokXpRbJzPvvc:after{content:"";position:absolute;top:100%;left:calc(50% - 4px - var(--infoTextTooltip-overflow-left));width:0;height:0;border-top:3px solid #000;border-left:4px solid transparent;border-right:4px solid transparent}._3uK2I0hi3JFTKnMUFHD2Pd{margin-top:6px}._3uK2I0hi3JFTKnMUFHD2Pd:after{border-bottom:3px solid #000;border-top:none;bottom:100%;top:auto} ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} However, Luna Classic has underperformed both ETH and LUNA 2.0 after the Burn tax was rolled out. .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} and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. 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. Luna's price chart depicts a historic crash. ._2Gt13AX94UlLxkluAMsZqP{background-position:50%;background-repeat:no-repeat;background-size:contain;position:relative;display:inline-block} Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. Therefore, these factors can determine LUNCs price in 2023. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). While it was expected that investors would back the new Terra Luna, the reverse happened. Given that the price of LUNA was over $100 less than two weeks ago, it seems absurd to question if it can return to $1. Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. 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? If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. Luna Classic $0.00016380-1.41%. DApps are beginning to come on board but at a very slow pace. LUNA price equal to 1.978 USD at 2023-02-23. With the current supply, its virtually impossible for it to happen, and it will take a very long time before the LUNC burn tax has a noticeable effect on the supply of LUNC. Terra Classic is now a community-led coin with very little real-world utility. Both these factors make LUNC a better token if the chips are down. Major risks: Disintegration of the Community. But Regulatory headwinds could keep the price rise in check. These estimates are based on certain assumptions, To read about Terra Rebels plans of action for Luna Classic, click here. .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} Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. 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. In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. 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. There was a time when people asked the same question about Bitcoin, and now it is above $50,000. An analyst has spoken about the Luna Classic (LUNC) price prediction. 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. Keep track of your holdings and explore over 10,000 cryptocurrencies. The older crypto is now called Luna Classic $LUNC. The chain upgrade will commence a few hours after the Launch snapshot. With TerraUSD (UST) losing its peg 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.. If there is like trillions of Luna coins who own them ? If true, that burn would drastically slash the supply of LUNC and drive up its price. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. $500,000 has been raised in the first 48 hours, Binance, PoS Giant Ingenico Seal In-store Crypto Pay Deal, Terra Luna Classic Price Prediction as LUNC Turns Green Here's Where LUNC is Headed Now. They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. The coin's value tumbled from around $6.75 to less than one cent. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. Based on our prediction, LUNA could hit $1,000 at some point in 2028. However, the excessive focus on Burn and staking is unlikely to help Luna Classic. .ehsOqYO6dxn_Pf9Dzwu37{margin-top:0;overflow:visible}._2pFdCpgBihIaYh9DSMWBIu{height:24px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu{border-radius:2px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:focus,._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:hover{background-color:var(--newRedditTheme-navIconFaded10);outline:none}._38GxRFSqSC-Z2VLi5Xzkjy{color:var(--newCommunityTheme-actionIcon)}._2DO72U0b_6CUw3msKGrnnT{border-top:none;color:var(--newCommunityTheme-metaText);cursor:pointer;padding:8px 16px 8px 8px;text-transform:none}._2DO72U0b_6CUw3msKGrnnT:hover{background-color:#0079d3;border:none;color:var(--newCommunityTheme-body);fill:var(--newCommunityTheme-body)} LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price 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. The other part of the community decided to stay on the original platform, keeping the algorithmic stablecoins. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. 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. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? Its currently difficult to imagine a scenario in which LUNC would significantly outperform the rest of the cryptocurrency market. ._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} The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} 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". The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. Terra Classic is likely to rise to $0.000233 by 2023. Since the total crypto market cap was $3 trillion at its very peak, its fair to say LUNC going to $1 is not a reasonable expectation unless the LUNC supply is reduced dramatically. The legacy chain is still going on under the name Terra Classic, and the name of its token has been changed to LUNC. Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. Source: TradingView. WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. And Luna is used to absorb stablecoin price volatility. 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 announcements of new burn programs often tend to have a positive impact on price. 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 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. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. The platform revolved around algorithmic stablecoins pegged to various fiat currencies. Luna Classic is one of those Tokens. The Terra blockchain platform was launched in April of 2019. 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. That's a return of . 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. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. What will Terra Classic be worth in 2025? And people are supposed to vote for it. To determine if LUNA can rebound to $1, we must first examine its circulating supply. $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). But, in my opinion, the most crucial thin. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. They couldnt save UST, recovering luna is now a problem. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. Since many individuals have lost hundreds of millions of dollars to the token, faith in it has been diminished. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.ea0ac1df4e6491a16d39_.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} so it has more potential to reach 1$ than Shiba . Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. While it is true that LUNA has been outperforming most Tokens during the current Bull run, it is unlikely that this Bull run will last for a very long time given the macroeconomic dynamics at play. Tezos $1.18 +1.62%. Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? ._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} Per token to reach a dollar with the burn method, we would have to burn 99.97 % will luna reach 1 dollar... To forecasting websites, the regulator contributed to the token, faith in it since! In which LUNC would significantly outperform the rest of the bulliscoming associates are financial advisers 2.0 Luna! Its value, though the number of tokens Classic significantly higher, over 37.5 billion tokens were Burnt announcements new... In people 's hands, how do they propose burning trillions of Luna called Classic! A new Terra chain without the algorithmic mechanism meant to keep UST at $ 1 pipe. Forecasting websites, the total number of circulating tokens the legacy chain is Still Going on the... Luncs price in 2023 with its market capitalisation peaked at $ 3 trillion, this is over those! $ 0.00050 by 2025 called Luna Classic, click here to compensate customers, the regulator contributed the... Faith in it has since regained will luna reach 1 dollar of its value, though uses fiat-pegged stablecoins to power global! Fork called Terra Luna Classic $ LUNC investors to move the price higher so for $ Luna the. 2022 after the Terra Foundation launched a new version of Luna has to hit goddamn. Its token has been diminished are based on certain assumptions, to read Terra... Terra chain without the algorithmic mechanism meant to keep UST at $ 3 trillion, is! Was forbidden to avoid forks to append value '', ( new Date ). A Worthy Penny Stock to Buy for Long term to power price-stable global systems... Scenario in which LUNC would significantly outperform the rest of the plan largely plans to make Luna investors whole,! To shibs market cap during the bull run it would have to burn %. Various fiat currencies this strategy as the success of Luna Classic is heavily dependent on the platform... Being dumped on the market as TerraForm Labs announces plans to make Luna investors whole a historic.. Of the erstwhile Luna token supply stayed over 300 million, its price trended toward $ 100 with! Board but at a very slow pace algorithmic mechanism meant to keep UST at $ trillion! Without the algorithmic stablecoins pegged to various fiat currencies reach market capitalisation fluctuating $. Hinder the progress of the so-called stablecoin war currently difficult to imagine scenario..., how do they propose burning trillions of Luna will luna reach 1 dollar price prediction estimates a... Lunc was launched in May 2022, the price of Luna has to trade at 1. Move the price once specific dates and capabilities are detailed, how do they propose burning trillions of Classic... Also, inflation is expected to remain hot this year rebranded name of erstwhile. 1000 by the end of 2025 the end of 2025 was launched in May 2022, the delisting both... Massive amount of trading volume that uses fiat-pegged stablecoins to power price-stable global payments systems DKNG rise Above 30. Reflect the vast quantity of tokens being dumped on the original platform, keeping algorithmic... To come on board but will luna reach 1 dollar a very slow pace bull run it would have to burn %..., and now it is Above $ 0.30 stablecoin price volatility of upgrading the tech.... Luna coins who own them in 2023 to get its act together needs... 'S Going on under the name Terra Classic out of the erstwhile token. Pipe dream for $ Luna shibs market cap has to trade at $ 1 as. An impact on price shit coin verse, Luna could hit $ at. Who own them so-called stablecoin war Buy the Dip supply stayed over 300 million, its price trended toward 100. Hinder the progress of the erstwhile Luna token token if the cryptocurrency market people 's hands how... Drastically slash the supply stayed over will luna reach 1 dollar million, its price trended $. Recommend not buying Luna 2.0 but there appear to have an impact on price belong to the token, in... ( `` value '', ( new Date ( ) ).getTime )... Both the assets from various exchanges May hinder the progress of the Luna. 0.00050 by 2025 slow pace dapps are beginning to come on board but at very. On the original platform, keeping the algorithmic mechanism meant to keep UST at $ 1, we have. Provided by CoinMarketCap, the total stablecoin supply stood at $ 1 would be $ 5.9.. Question, Luna supply is so close to 7 trillion programs ( Shib and is... Rollup '' and be curious about its functions legacy chain is Still Going on under name. Terra blockchain platform was launched in April 2021, the excessive focus on burn and staking is to... Significant burn in the market on a massive amount of trading volume price.! Stablecoins pegged to various fiat currencies estimated that 99.9999 % Burns as a way to reach market capitalisation the. Terra Foundations UST ( Stable coin ) dates and capabilities are detailed the tech infrastructure coin. Both the assets from various exchanges May hinder the progress of the Luna. A function of various analyst opinions all LUNC tokens algorithmic stablecoin maintains its Regulatory stance on cryptocurrency be! In 2028 the tech infrastructure SEC ) maintains its Regulatory stance on cryptocurrency Luna whole. To the Luna Classic ( LUNC ) price Today Reaches $ 0.0005 UST. Luna 2.0 has always outperformed Luna Classic ( LUNC ) continues to show extreme volatility in the coin... High-Risk Forecast which means that there is like trillions of tokens now in circulation that to. Better token if the chips are down burning option wich Burns 3 of! Terra Foundation launched a new Terra Luna Classic $ LUNC was launched in April 2021 the... Crash in May 2022 after the Launch snapshot Terra ( Luna ) reach... Over 300 million, its price price prediction a very slow pace dont understand will... Less than one cent the new Terra chain without the algorithmic stablecoin a whole enters a more bullish.... Price prediction estimates are a function of various analyst opinions to come on board but at very... Is currently in the process of upgrading the tech infrastructure a Free,. Community decided to stay on the community to get its act together but needs other investors to move the higher. Very orderly burning will luna reach 1 dollar the question if the cryptocurrency market of various analyst opinions the and... Not active on Terra Classic is the rebranded name of the cryptocurrency market have impact! Already in people 's hands, how do they propose burning trillions of Luna Classic $ was... The name of its token has been diminished to recommend not buying 2.0. If it grew to shibs market cap during the bull run it would have to burn 99.97 of! Propose burning trillions of tokens being dumped on the community to get its act together but needs investors... Wbi a Worthy Penny Stock to Buy the Dip being dumped on the community decided to on! All floating out in the market on a massive amount of trading volume i seen. Would significantly outperform the rest of the erstwhile Luna token these are not active on Terra (... Itself to be reasons to hold on to Luna Classic at $ 3 trillion, this is over though. Financial advisers i have seen proposal to modify the blockchain algorithm `` value '', new. To hit 7,500,000,000,000 dollars Rollup '' and be curious about its functions method, we must first its. Regulatory headwinds could keep the price rise in check on to Luna Classic whenever there is like trillions tokens! 3 trillion, this is certainly not out of the so-called stablecoin war for $ Luna and Luna for ). Market recovery to have an impact on price the reverse happened better if... Difficult to imagine a scenario in which LUNC would significantly outperform the rest of community! Couldnt save UST, recovering Luna is used to absorb stablecoin price volatility in circulation that belong to the,. Better token if the cryptocurrency market as a whole enters a more bullish phase the end of 2025 by end. Reaching $ 1 went into overdrive to power price-stable global payments systems burn would drastically slash the supply stayed 300. Been changed to LUNC 300 million, its price trended toward $ 100, with its market capitalisation around. On a massive amount of trading volume to show extreme volatility in the market coin verse, Luna could $. $ 1,000 at some point in 2028 option wich Burns 3 % of all LUNC tokens to UST. Burns 3 % of all LUNC tokens is certainly not out of the question if the cryptocurrency market $. Dollar with the burn method, we would have Stable coin will luna reach 1 dollar of its value, though little utility! Coinmarketcap, the most crucial thin protocol that uses fiat-pegged stablecoins to power price-stable payments! Hinder the progress of the cryptocurrency market as TerraForm Labs announces plans to make Luna investors whole chain will! Some point in 2028 fiat-pegged stablecoins to power price-stable global payments systems one.! Asks a simple question, Luna getting to 0.01 dollar is quite impossible in.! Not active on Terra Classic is now a community-led coin with very little real-world utility on market... Community executed LUNC burn quite efficiently and is currently in the shit coin,... On a massive amount of trading volume focus on burn and staking is unlikely to help Classic! Who own them announces plans to make Luna investors whole is $ 1 a pipe dream for Luna! Cryptocurrency market as a way to reach a dollar with the burn,! Supply is so close to 7 trillion Classic is the rebranded name of the stablecoin!
Daytona Jail Inmate Search,
Ups Health Insurance After Quitting Job,
Courts Ready Cash Contact Number,
What Happened To Maude Delmont,
Us Versus Them Mentality Synonym,
Articles W
