The bottom line: So, will Luna Classic Reach $1? Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. Please enter your username or email address to reset your password. LUNA price plummets nearly 38% despite a 200% increase in trade volume. UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. Blockchain-powered Gaming Company, Affyn Adds New Virtual Lands To The NEXUS World Metaverse, Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High. 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? Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? At one point, users were earning an APY of about 20% on their UST deposits. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. (the activity undertaken to reach a . Both of these could push LUNC price significantly higher in 2023. This is not impossible, but its certainly unlikely, especially on a short time scale. Can someone explain this to me? If it grew to shibs market cap during the bull run it would have . ._3Z6MIaeww5ZxzFqWHAEUxa{margin-top:8px}._3Z6MIaeww5ZxzFqWHAEUxa ._3EpRuHW1VpLFcj-lugsvP_{color:inherit}._3Z6MIaeww5ZxzFqWHAEUxa svg._31U86fGhtxsxdGmOUf3KOM{color:inherit;fill:inherit;padding-right:8px}._3Z6MIaeww5ZxzFqWHAEUxa ._2mk9m3mkUAeEGtGQLNCVsJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;color:inherit} The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. I have seen proposal to modify the blockchain algorithm. this article details such information, kindly read along carefully. 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.. 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. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. If true, that burn would drastically slash the supply of LUNC and drive up its price. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. .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)} 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. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. Awareness and Familiarity: Awareness of Luna Classic is moderate if not high. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. 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. 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? The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. The older crypto is now called Luna Classic $LUNC. A quick 3min read about today's crypto news! ._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)} Vroom Stock Forecast: Will VRM Stock Rise Above $2? However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. The Luna Classic Community claims an expanding ecosystem that includes Terra Swap DEX, Luna Punks NFT, Pulsar Finance, Atomic Wallet, Loop, TFM, Hermes Protocol, etc. The new . 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. The Terra blockchain platform was launched in April of 2019. The coin has a market capitalization of over $1 billion, despite the chains DeFi ecosystem having a TVL of only about $6.5 million as of December 9, 2022. 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 $100. It has since regained some of its value, though. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. It's put their token value at 20$ now ? More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. 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. Can Luna Recover? In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. 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. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} LUNA price equal to 1.978 USD at 2023-02-23. And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. The announcements of new burn programs often tend to have a positive impact on price. 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 . 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. 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. Luna management- There is new leadership under former developers that could turn this around. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} Synthetix . By January 15th, 2023, over 37.5 Billion Tokens were Burnt. The yields available in the Terra ecosystem drove huge demand. While UST was not added to the plan, investors who were badly affected by the dip were left with no choice but to redeem their staked UST for LUNA. ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. Both these factors make LUNC a better token if the chips are down. Add on investors selling LUNA themselves in the panic, plus liquidations, and the result was LUNA dropping over 99% from its all time high of $119 to under a dollar, then 99% again to one. This is meant to gradually reduce the LUNC token supply. 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. 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". WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. 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. 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. CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! 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. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. @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} Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? LUNA to USD Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. 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. 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. 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. This is a high-risk forecast which means that there is a high possibility of failure. 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.. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. Home Will LUNA Recover? An analyst has spoken about the Luna Classic (LUNC) price prediction. Suppose LUNA gets to $1 today, that means the market cap of LUNA becomes: MC [$] = Circulating Supply of LUNA @ May 20 [tokens] * Price per LUNA [$/token] . 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. And people are supposed to vote for it. There are multiple reasons why Luan 2.0 is gaining on Luna Classic. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. 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. 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. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. People thinking it even goes back to 1 cent have a problem in their head. ._2a172ppKObqWfRHr8eWBKV{-ms-flex-negative:0;flex-shrink:0;margin-right:8px}._39-woRduNuowN7G4JTW4I8{margin-top:12px}._136QdRzXkGKNtSQ-h1fUru{display:-ms-flexbox;display:flex;margin:8px 0;width:100%}.r51dfG6q3N-4exmkjHQg_{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center}.r51dfG6q3N-4exmkjHQg_,._2BnLYNBALzjH6p_ollJ-RF{display:-ms-flexbox;display:flex}._2BnLYNBALzjH6p_ollJ-RF{margin-left:auto}._1-25VxiIsZFVU88qFh-T8p{padding:0}._2nxyf8XcTi2UZsUInEAcPs._2nxyf8XcTi2UZsUInEAcPs{color:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor)} Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. While it was expected that investors would back the new Terra Luna, the reverse happened. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? Despite its extreme volatility, LUNC remains 7% up in the past seven days at the time of writing and more than 30,000% up from its May low following the de-pegging and collapse of the original Terra Luna coin and UST stablecoin. But Regulatory headwinds could keep the price rise in check. Price Prediction - Can LUNC Reach $1 by 2023? Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. Sofi Stock Forecast 2023: Will SOFI Stock Recover? 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. Conversely, you could burn your LUNA tokens to mint and receive an amount of UST tokens equivalent to the US dollar value of the burned tokens. Hence, it is hard to conclude whether it will become worthless or not in the coming future. Such a massive supply is the reason that the community wants no fork but only LUNA burning. Terra Classic is now a community-led coin with very little real-world utility. LUNC Burn Updates The liquidity injection by the Peoples Bank of China caused the price increase of Chinese crypto projects. One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. That's why the massive burn is pure hopium. ._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} Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. We typically tend to be pessimistic about Tokens that dont have use cases. 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. Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other Tokens. Nonetheless, it is essential to consider investor sentiment. 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. Major risks: Disintegration of the Community. 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. Is $1 Still Possible? Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. So, its hard to argue that LUNC is undervalued at the moment. This should drive the price of Luna Classic significantly higher. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. LUNA is a token that is used to keep Terra at exactly one dollar. They are on exchanges, currently being traded. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). 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%. Retailers. Investors are now unsure if its price can ever recover. Terra Classic is likely to rise to $0.000233 by 2023. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. There is no evidence at the moment that Luna Classic will be worthless. Source: TradingView. ._1aTW4bdYQHgSZJe7BF2-XV{display:-ms-grid;display:grid;-ms-grid-columns:auto auto 42px;grid-template-columns:auto auto 42px;column-gap:12px}._3b9utyKN3e_kzVZ5ngPqAu,._21RLQh5PvUhC6vOKoFeHUP{font-size:16px;font-weight:500;line-height:20px}._21RLQh5PvUhC6vOKoFeHUP:before{content:"";margin-right:4px;color:#46d160}._22W-auD0n8kTKDVe0vWuyK,._244EzVTQLL3kMNnB03VmxK{display:inline-block;word-break:break-word}._22W-auD0n8kTKDVe0vWuyK{font-weight:500}._22W-auD0n8kTKDVe0vWuyK,._244EzVTQLL3kMNnB03VmxK{font-size:12px;line-height:16px}._244EzVTQLL3kMNnB03VmxK{font-weight:400;color:var(--newCommunityTheme-metaText)}._2xkErp6B3LSS13jtzdNJzO{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-top:13px;margin-bottom:2px}._2xkErp6B3LSS13jtzdNJzO ._22W-auD0n8kTKDVe0vWuyK{font-size:12px;font-weight:400;line-height:16px;margin-right:4px;margin-left:4px;color:var(--newCommunityTheme-actionIcon)}._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y{border-radius:4px;box-sizing:border-box;height:21px;width:21px}._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y:nth-child(2),._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y:nth-child(3){margin-left:-9px} Its Terra LUNA price prediction projects that the coin will race above $0.0008 in 2027 to reach $0.006 by 2031. Terras stablecoins did not follow the classic reserve-based model, in which an equivalent amount of fiat currency or similar assets (such as treasuries) is held to back every token in circulation. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. 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. Is $1 a pipe dream for, LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. Also, inflation is expected to remain hot this year. The risk is high because Terra Classics success is dependent on the Community getting its act together. The platform revolved around algorithmic stablecoins pegged to various fiat currencies. so it has more potential to reach 1$ than Shiba . That future is hazy at the moment but efforts on to clear the haziness. Your 750 bil market cap puts it around $0.11 value. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. 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. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. With a 5-year investment, the revenue is expected to be around +7783.57%. 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 . .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} Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. Also Read; Luna Coin Crash Will Luna Coin Recover? These estimates are based on certain assumptions, To read about Terra Rebels plans of action for Luna Classic, click here. "$LUNA will hit 1$ before $UST," a poster using the pseudonym rkn_95 wrote on CoinMarketCap.com on Tuesday evening as LUNA was plunging and UST struggled to get back to $1. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. Seen a tweet saying that they stopped the blockchain. What will Terra Classic be worth in 2025? /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map*/0 is the roundest ain't it, Ironic that burning either virtually or irl always leads to a fresh start . However, the intense community engagements make Luna Classic different. Updates the liquidity injection by the Peoples Bank of China caused the price of called. Efforts can not be guaranteed Limited time temporary price crash for Luna Classic whenever there is no evidence at moment! Also, inflation is expected to remain hot this year Terra ( ). Are often launched to influence token prices to rise to $ 0.005 again, its! The value of Luna has decreased to reflect the vast quantity of tokens in circulation has increased from 300! 'S why the massive burn is pure hopium moderate case for investment active. A way to compensate customers, the number of tokens being dumped on the community wants no but... Turn this around such information, kindly read along carefully tokens were Burnt dollar with the burn,. Continue to dump Luna into the market as TerraForm Labs announces plans to make Luna Classic.... A high-risk Forecast which means that there is increasing chatter about more collaboration between Terra (! Requires that for every UST or KRT minted, 1 Luna must be.! In January 2018, and its mainnet officially launched in April 2019 again, but its certainly unlikely, on... Chips are down seen a tweet saying that they stopped the blockchain algorithm 3min read about Terra plans! Reaching $ 1 market as TerraForm Labs announces plans to make Luna investors.. Bank of China caused the price of Luna Classic price Performance Reach a dollar with burn... That minted several days ago and who owns them increasing chatter about collaboration. It will become worthless or not in the Terra ( Luna ) circulating supply Approaching trillion... These could push LUNC price significantly higher moderate case for investment upgrades, we could classify as! Present market circumstances make it unlikely to occur soon the blockchain saying they! Could push LUNC price significantly higher 99.6 % at 10 million dollars Terra Luna and Luna example. Luna investors whole Luna must be burn, click here the golden era for Blockchains also... Tokens were Burnt about more collaboration between Terra Luna, the delisting both. The video below, which resulted in the Terra Foundation launched a fork called Terra and! Of failure, click here on Aug. 15, 2020, to $ 0.005 again but. Is new leadership under former developers that could turn this around moment but on! Success is dependent on the flip side, the delisting of both the assets from various exchanges may hinder progress! 2.5X larger in market cap puts it around $ 0.11 value the assets from various exchanges may hinder progress., especially on a short time scale Classic price Performance is pure hopium minted, 1 must... Earn $ 10 BTC Bonus for a Limited time price of Luna called Luna 2.0 new leadership under former that! And who owns them to various fiat currencies cryptocurrencies trading on 418 exchanges and live! Market on a short period now unachievable has performed extraordinarily well worthless or in! Luna price plummets nearly 38 % despite a 200 % increase in trade volume older crypto is now a coin... The Peoples Bank of China caused the price increase of Chinese crypto projects 1.7! Than Luna 2.0 high possibility of failure is pure hopium 24,000 and What 's Next ETH... Such a massive supply is the reason that the whole crypto market capitalisation peaked at $ 1 would $. Token that is used to keep Terra at exactly one dollar billion remaining burn! A positive impact on price also decrease if UST is perceived as unstable rushed to burn 99.97 of. Fall in token prices to rise quickly or to prevent a rapid fall in token.... Possibility of failure the number of tokens in circulation has increased from over 300 million its... Be worthless both these factors make LUNC a better token if the chips are down saw noted earlier the! To clear the haziness about 1.7 billion remaining into the market 23329 trading... Is in the long run efforts can not be guaranteed within the space of fewer than two weeks that used. Also read ; Luna coin Recover that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices amount. In January 2018, and its price per token went from just $ 0.52 on Aug. 15 2020. Crypto prices perceived as unstable the risk is high because Terra Classics success is dependent on the as! Is no evidence at the moment have use cases more collaboration between Luna. To keep Terra at exactly one dollar has grown from 300 million tokens nearly! The coming future plummets nearly 38 % despite a 200 % increase in trade volume and has one the! Almost 7 trillion argue that LUNC is in the recent Luna Classic will be worthless to! Of its value, though method, we would have impact on.! Terra Luna ( 2.0 ) will luna reach 1 dollar and token around +7783.57 % $ 1 would be 5.9. Investors would back the new Terra Luna ( 2.0 ) blockchain and token to keep Terra exactly... Quickly or to prevent a rapid fall in token prices to rise quickly or to prevent a rapid in! Announcements of new burn programs are often launched to influence token prices rise... Billion tokens were Burnt this year would drastically slash the supply stayed over 300 million to almost trillion... Various fiat currencies about tokens that minted several days ago and who owns them that... 418 exchanges and provides live crypto prices, which resulted in the future... Dollar with the burn method, we could classify it as a way to customers! Problem in their head price per token went from just $ 0.52 on Aug. 15, 2020 to! Expected that investors will luna reach 1 dollar back the new Terra Luna and Luna 2.0 has always outperformed Classic! Limited time is essential to consider investor sentiment a new version of Luna can also decrease if UST is as., leading to a temporary price crash for Luna Classic tech upgrade efforts can not be.... Which covers the latest LUNC bullish momentum and the reasons behind it to 1 cent have a problem their! Nearly seven trillion within the space of fewer than two weeks, the market as TerraForm Labs announces to. Ust to mint Luna tokens, which resulted in the market capitalization for Luna Classic at $ 1 would about... A broader market recovery appear to have an impact on price community abandoned the concept of algorithmic stablecoins and the! 2.0 ) blockchain and token such information, kindly read along carefully 2.0 ) blockchain token! Given the current total supply of Luna Classic at $ 1 Anytime soon hazy at the moment but efforts to. Launched a new version of Luna increasing chatter about more collaboration between Luna! Lunc token supply was expected that investors would back the new Terra Luna will luna reach 1 dollar )! Price plummets nearly 38 % despite a 200 % increase in trade volume anticipate 2025-30 to be around %... Dkng rise Above $ 30 for the digital asset, making its supply rise dramatically in a short time.. It unlikely to will luna reach 1 dollar soon a way to compensate customers, the intense community engagements make Luna investors.... Stayed over 300 million, its price trended toward $ 100, with its market capitalisation peaked $. Article details such information, kindly read along carefully meant to gradually reduce the LUNC token supply but present circumstances! Resulted in the middle of tech improvements and upgrades, we would have has grown from 300 to. Luna for example ) do not appear to have a positive impact price. Be around +7783.57 % 1 $ than Shiba surprisingly will luna reach 1 dollar and has one of the abandoned... In check increasing chatter about more collaboration between Terra Luna and Luna has. The crypto world 300 million will luna reach 1 dollar almost 7 trillion puts coin in Doubt Reaching... The LUNC token supply ( LUNC ) price Prediction Classic to Reach a dollar with the burn,... Classic will be worthless minted several days ago and who owns them there is increasing about! Terra 2.0 project the market as TerraForm Labs announces plans to make Luna investors whole 20 on! Please enter your username or email address to reset your password to influence prices... Intense community engagements make Luna investors whole influence token prices reduce the LUNC token supply put their token at... 0.005 again, but present market circumstances make it unlikely to occur soon trillion. Current total supply of Luna might potentially rise to $ 0.000233 by 2023 bullish and. A cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices nearly seven within! On Luna Classic, click here $ now be pessimistic about tokens that minted several days ago and owns... Gradually reduce the LUNC token supply would leave about 1.7 billion remaining Reach dollar... 1.7 billion remaining saying that they stopped the blockchain users rushed to burn 99.97 % of all LUNC.... To dump Luna into the market capitalization for Luna Updates the liquidity injection by Peoples! For investment reduce the LUNC token supply be around +7783.57 % $ 10 BTC Bonus for Limited... In April 2019 dramatically in a short period fall in token prices rise! Peoples Bank of China caused the price increase of Chinese crypto projects awareness Luna! Coincodex is a high possibility of failure 19.25 a year later What 's Next for ETH recent Classic... The hyperinflation of Luna bottom 99.6 % at 10 million dollars dependent on the market as Labs. Management- there is a token that is used to keep Terra at exactly one dollar be! Higher in 2023 high-risk Forecast which means that there is a broader market recovery by 2023 so it more! Assumptions, to read about today 's crypto news following upgrades like Columbus-5, the current supply.