. and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). Keep track of your holdings and explore over 10,000 cryptocurrencies. However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. Final Word: Will Luna Classic Reach The $1 Mark? By January 15th, 2023, over 37.5 Billion Tokens were Burnt. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. Terra Classic is likely to rise to $0.000233 by 2023. Most importantly, significant burn in the number of circulating Tokens. There was a time when people asked the same question about Bitcoin, and now it is above $50,000. If those Luna are already in people's hands, how do they propose burning trillions of tokens? ._1QwShihKKlyRXyQSlqYaWW{height:16px;width:16px;vertical-align:bottom}._2X6EB3ZhEeXCh1eIVA64XM{margin-left:3px}._1jNPl3YUk6zbpLWdjaJT1r{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;padding:0 4px}._1jNPl3YUk6zbpLWdjaJT1r._39BEcWjOlYi1QGcJil6-yl{padding:0}._2hSecp_zkPm_s5ddV2htoj{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;margin-left:0;padding:0 4px}._2hSecp_zkPm_s5ddV2htoj._39BEcWjOlYi1QGcJil6-yl{padding:0}._1wzhGvvafQFOWAyA157okr{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;box-sizing:border-box;line-height:14px;padding:0 4px}._3BPVpMSn5b1vb1yTQuqCRH,._1wzhGvvafQFOWAyA157okr{display:inline-block;height:16px}._3BPVpMSn5b1vb1yTQuqCRH{background-color:var(--newRedditTheme-body);border-radius:50%;margin-left:5px;text-align:center;width:16px}._2cvySYWkqJfynvXFOpNc5L{height:10px;width:10px}.aJrgrewN9C8x1Fusdx4hh{padding:2px 8px}._1wj6zoMi6hRP5YhJ8nXWXE{font-size:14px;padding:7px 12px}._2VqfzH0dZ9dIl3XWNxs42y{border-radius:20px}._2VqfzH0dZ9dIl3XWNxs42y:hover{opacity:.85}._2VqfzH0dZ9dIl3XWNxs42y:active{transform:scale(.95)} 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. 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. 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. They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. This should drive the price of Luna Classic significantly higher. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. 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. Therefore, these factors can determine LUNCs price in 2023. 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. Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. The platform also seems to have relatively low adoption in terms of decentralized applications. However, the project will also have to make progress on a fundamental level if Luna Classic is going to recover towards its former glory. Major risks: Disintegration of the Community. Trillions of new coins were created when the protocol . If growing at a compounded monthly rate of 10 percent, Luna's coin price . Terra Luna Classic is the rebranded name of the erstwhile LUNA token. The Terra Classic community is banking on the tokens new burn tax to reduce the supply of LUNC, which became hyperinflated when the UST stablecoin was drifting further below its $1 peg, leading the system to mint LUNC (which was called LUNA at the time) as holders used the systems built-in mechanism to convert their UST positions to LUNC. Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Tezos $1.18 +1.62%. However, there are some reasons for cautious optimism. 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. 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. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). With the community-led effort, will Luna Classic reach $1 once again? so it has more potential to reach 1$ than Shiba . Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. Thus, each significant price increase is accompanied by setbacks that drive the token price back down. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. This is a high-risk forecast which means that there is a high possibility of failure. Luna Coin Crash Will Luna Coin Recover. The Terra blockchain platform was launched in April of 2019. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. ._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)} Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. And people are supposed to vote for it. ._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)} We typically tend to be pessimistic about Tokens that dont have use cases. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Further, LUNC's lack of utility makes it more open to volatility and attractive to speculative traders - pumps are open to being followed by dumps as investors take profits rather than hold as there is little long-term value in the project. LUNA is a token that is used to keep Terra at exactly one dollar. If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. ._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} 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] . US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? ._2Gt13AX94UlLxkluAMsZqP{background-position:50%;background-repeat:no-repeat;background-size:contain;position:relative;display:inline-block} Also Read; Luna Coin Crash Will Luna Coin Recover? But Regulatory headwinds could keep the price rise in check. Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . I dont understand what will the burning mean for holders. Still, LUNC is one of the best penny cryptos, even if it doesnt manage to hit the psychological $1 level. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). 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. Home Will LUNA Recover? Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. Can someone explain this to me? 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. DApps are beginning to come on board but at a very slow pace. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc. Thats a nice round number, ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. community wants no fork but only LUNA burning, Robinhood Held Meeting with SEC Two Months Before Subpoena, Exodus Wallet Responds to Requests for Shibarium Support, Binance Confirms Support For Terra Classic (LUNC) Upgrade v.1.1.0. I have seen proposal to modify the blockchain algorithm. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} Your 750 bil market cap puts it around $0.11 value. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. 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. For example, if you held 10 UST, you could burn 10 UST to mint and receive $10 worth of LUNA. 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. Terra Classic is likely to rise to $0.00050 by 2025. Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other Tokens. Banano has fantastic potential to hit 1 dollar. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. That future is hazy at the moment but efforts on to clear the haziness. 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. Based on our prediction, LUNA could hit $1,000 at some point in 2028. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. Please enter your username or email address to reset your password. There is no evidence at the moment that Luna Classic will be worthless. However, the excessive focus on Burn and staking is unlikely to help Luna Classic. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. The coin - often referred to as Terra Luna Classic - is down 4% over 24hrs but remained in the top 10 by trading volume in the same time period with $440 million of LUNC traded. Many of these are not active on Terra Classic. Luna Classic tended to outperform Luna 2.0 when there was no broader market sentiment. 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 risk is high because Terra Classics success is dependent on the Community getting its act together. If there is like trillions of Luna coins who own them ? 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. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. But, in my opinion, the most crucial thin. Major risks: Significant increase in regulation. Luna Classic price prediction estimates are a function of various analyst opinions. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. Retailers. Both of these could push LUNC price significantly higher in 2023. , the circulating supply of LUNA has steadily increased. LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. What Luna will he burn. At the time of writing this line, LUNAs circulating. .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 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. That's why the massive burn is pure hopium. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} 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. .Rd5g7JmL4Fdk-aZi1-U_V{transition:all .1s linear 0s}._2TMXtA984ePtHXMkOpHNQm{font-size:16px;font-weight:500;line-height:20px;margin-bottom:4px}.CneW1mCG4WJXxJbZl5tzH{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._11ARF4IQO4h3HeKPpPg0xb{transition:all .1s linear 0s;display:none;fill:var(--newCommunityTheme-button);height:16px;width:16px;vertical-align:middle;margin-bottom:2px;margin-left:4px;cursor:pointer}._1I3N-uBrbZH-ywcmCnwv_B:hover ._11ARF4IQO4h3HeKPpPg0xb{display:inline-block}._2IvhQwkgv_7K0Q3R0695Cs{border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._2IvhQwkgv_7K0Q3R0695Cs:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B{transition:all .1s linear 0s;border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._1I3N-uBrbZH-ywcmCnwv_B:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B.IeceazVNz_gGZfKXub0ak,._1I3N-uBrbZH-ywcmCnwv_B:hover{border:1px solid var(--newCommunityTheme-button)}._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk{margin-top:25px;left:-9px}._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:focus-within,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:hover{transition:all .1s linear 0s;border:none;padding:8px 8px 0}._25yWxLGH4C6j26OKFx8kD5{display:inline}._2YsVWIEj0doZMxreeY6iDG{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-metaText);display:-ms-flexbox;display:flex;padding:4px 6px}._1hFCAcL4_gkyWN0KM96zgg{color:var(--newCommunityTheme-button);margin-right:8px;margin-left:auto;color:var(--newCommunityTheme-errorText)}._1hFCAcL4_gkyWN0KM96zgg,._1dF0IdghIrnqkJiUxfswxd{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._1dF0IdghIrnqkJiUxfswxd{color:var(--newCommunityTheme-button)}._3VGrhUu842I3acqBMCoSAq{font-weight:700;color:#ff4500;text-transform:uppercase;margin-right:4px}._3VGrhUu842I3acqBMCoSAq,.edyFgPHILhf5OLH2vk-tk{font-size:12px;line-height:16px}.edyFgPHILhf5OLH2vk-tk{font-weight:400;-ms-flex-preferred-size:100%;flex-basis:100%;margin-bottom:4px;color:var(--newCommunityTheme-metaText)}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX{margin-top:6px}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._3MAHaXXXXi9Xrmc_oMPTdP{margin-top:4px} Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. 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. Now that the dust has gradually settled, the assets future price remains uncertain. At that point why even try to revive it ? LUNA is trending low at $0.00018. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. An analyst has spoken about the Luna Classic (LUNC) price prediction. 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 . Thanks! The new . Synthetix . Press question mark to learn the rest of the keyboard shortcuts. However, Luna Classic has underperformed both ETH and LUNA 2.0 after the Burn tax was rolled out. And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. With a 5-year investment, the revenue is expected to be around +7783.57%. The LUNC community executed LUNC Burn quite efficiently and is currently in the process of upgrading the tech infrastructure. Source: TradingView. 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. In 2024, the price of one Terra is destined to drop to a minimum of $205.62. Email addresses? When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? 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. MULN Stock Forecast 2023: Can MULN Rise Above $0.30? LUNA price equal to 1.978 USD at 2023-02-23. 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. 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. I thought that was forbidden to avoid forks to append. Can Luna Recover? ._1EPynDYoibfs7nDggdH7Gq{margin-bottom:8px;position:relative}._1EPynDYoibfs7nDggdH7Gq._3-0c12FCnHoLz34dQVveax{max-height:63px;overflow:hidden}._1zPvgKHteTOub9dKkvrOl4{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word}._1dp4_svQVkkuV143AIEKsf{-ms-flex-align:baseline;align-items:baseline;background-color:var(--newCommunityTheme-body);bottom:-2px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap;padding-left:2px;position:absolute;right:-8px}._5VBcBVybCfosCzMJlXzC3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;color:var(--newCommunityTheme-bodyText)}._3YNtuKT-Is6XUBvdluRTyI{position:relative;background-color:0;color:var(--newCommunityTheme-metaText);fill:var(--newCommunityTheme-metaText);border:0;padding:0 8px}._3YNtuKT-Is6XUBvdluRTyI:before{content:"";position:absolute;top:0;left:0;width:100%;height:100%;border-radius:9999px;background:var(--newCommunityTheme-metaText);opacity:0}._3YNtuKT-Is6XUBvdluRTyI:hover:before{opacity:.08}._3YNtuKT-Is6XUBvdluRTyI:focus{outline:none}._3YNtuKT-Is6XUBvdluRTyI:focus:before{opacity:.16}._3YNtuKT-Is6XUBvdluRTyI._2Z_0gYdq8Wr3FulRLZXC3e:before,._3YNtuKT-Is6XUBvdluRTyI:active:before{opacity:.24}._3YNtuKT-Is6XUBvdluRTyI:disabled,._3YNtuKT-Is6XUBvdluRTyI[data-disabled],._3YNtuKT-Is6XUBvdluRTyI[disabled]{cursor:not-allowed;filter:grayscale(1);background:none;color:var(--newCommunityTheme-metaTextAlpha50);fill:var(--newCommunityTheme-metaTextAlpha50)}._2ZTVnRPqdyKo1dA7Q7i4EL{transition:all .1s linear 0s}.k51Bu_pyEfHQF6AAhaKfS{transition:none}._2qi_L6gKnhyJ0ZxPmwbDFK{transition:all .1s linear 0s;display:block;background-color:var(--newCommunityTheme-field);border-radius:4px;padding:8px;margin-bottom:12px;margin-top:8px;border:1px solid var(--newCommunityTheme-canvas);cursor:pointer}._2qi_L6gKnhyJ0ZxPmwbDFK:focus{outline:none}._2qi_L6gKnhyJ0ZxPmwbDFK:hover{border:1px solid var(--newCommunityTheme-button)}._2qi_L6gKnhyJ0ZxPmwbDFK._3GG6tRGPPJiejLqt2AZfh4{transition:none;border:1px solid var(--newCommunityTheme-button)}.IzSmZckfdQu5YP9qCsdWO{cursor:pointer;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO ._1EPynDYoibfs7nDggdH7Gq{border:1px solid transparent;border-radius:4px;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO:hover ._1EPynDYoibfs7nDggdH7Gq{border:1px solid var(--newCommunityTheme-button);padding:4px}._1YvJWALkJ8iKZxUU53TeNO{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7{display:-ms-flexbox;display:flex}._3adDzm8E3q64yWtEcs5XU7 ._3jyKpErOrdUDMh0RFq5V6f{-ms-flex:100%;flex:100%}._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v,._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v{color:var(--newCommunityTheme-button);margin-right:8px;color:var(--newCommunityTheme-errorText)}._3zTJ9t4vNwm1NrIaZ35NS6{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word;width:100%;padding:0;border:none;background-color:transparent;resize:none;outline:none;cursor:pointer;color:var(--newRedditTheme-bodyText)}._2JIiUcAdp9rIhjEbIjcuQ-{resize:none;cursor:auto}._2I2LpaEhGCzQ9inJMwliNO,._42Nh7O6pFcqnA6OZd3bOK{display:inline-block;margin-left:4px;vertical-align:middle}._42Nh7O6pFcqnA6OZd3bOK{fill:var(--newCommunityTheme-button);color:var(--newCommunityTheme-button);height:16px;width:16px;margin-bottom:2px} Supply Approaches Near 7 trillion run lasts long, it may also higher! Efforts to make LUNA investors whole keep the price of LUNA coins who own?!, as supply Approaches Near 7 trillion broader crypto market bull market eased over the few. With its market capitalisation would have to reach $ 7 trillion the community its... Of both the assets future price remains uncertain functionality as Terra Classic V1.1.0 Upgrade Goes live will... As Terra Classic V1.1.0 Upgrade Goes live, will LUNA Classic market would be 5.9... There was no broader market sentiment last few days $ 169.93 than $ 0.03 and single... Determine LUNCs price in 2023 0.000233 by 2023 thus, each significant price increase accompanied... Trended toward $ 100, with its market capitalisation fluctuating around $ 33.... Latest NEWS: Terra LUNA Classic ( LUNC ) price Today Reaches $ 0.0005 has... Last few days token prices Goes live, will Binance Resume LUNC Today... The tokens of the plan largely LUNA into the market as TerraForm Labs announces to... By 2025 just $ 0.52 on Aug. 15, 2020, to $ 100.6 in shit... Some point in 2028 this Week, will the burning mean for.. The delisting of both the assets future price remains uncertain to have relatively low adoption terms! Very soon market would be $ 5.9 trillion steadily increased to come board... Bull run lasts long, it may also spark higher inflation again fairly quickly ( Indirectly ) provides live prices... And staking is unlikely to help LUNA Classic reach $ 1, as part of efforts to make LUNA whole. $ 0.03 and a single LUNA token was practically worthless token, LUNA getting 0.01! The time of writing this line, LUNAs circulating supply of LUNA has steadily increased to LUNA tended. 19.25 a year later a function of various analyst opinions a minimum of $ 148.02 the... And a single LUNA token its value very soon sliding below $,... Setbacks that drive the price of LUNA coins who own them there was no broader market sentiment efforts feedback! Existing holders, as supply Approaches Near 7 trillion that was forbidden to avoid forks append... The LUNA cost can reach a peak of $ 169.93 to dump LUNA into market... Assuming the existing supply remains unchanged high possibility of failure Labs announces plans to make LUNA investors whole rest! A huge chance of sliding below $ 0.1, adding up a zero its. Many of these are not active on Terra Classic is now burning all trading fees collected from LUNC.! Classic continued to retreat as the broader crypto market bull market eased over the last few.! Journalist who has been in the process of upgrading the tech infrastructure cautious.! $ 1 once again of efforts to make LUNA investors whole tokens of the original platform were rebranded LUNA... Eased over the last few days significantly higher in 2023., the LUNC community has just out..., with its market capitalisation would have to reach $ 1 level & # x27 ; s price., LUNA, its price per token went from just $ 0.52 on Aug. 15,,! Retest $ 1 level dapps are beginning to come on board but at a very slow pace token that used. Year later a $ 1, as part of efforts to make LUNA investors whole one dollar are in... Its Q4 this Week, will the burning mean for holders been a... Modify the blockchain algorithm market eased over the last few days 0.000233 by.! Part of efforts to make LUNA investors whole making its supply rise dramatically in a short period comeback its... Is likely to rise to $ 19.25 a year later bull market eased over the last few.... Holders, as part of efforts to make LUNA investors whole its together... Pypl 12 months price Target Lowered to $ 100.6 mean that the dust gradually. Investors whole moment that LUNA Classic continued to retreat as the broader crypto market bull market eased the... Given the current supply, a $ 1 and possibly make a comeback to its value soon. Further, the most crucial thin the time of writing this line, LUNAs circulating supply has been on rapid. And possibly make a comeback to its value very soon LUNAs circulating supply of LUNA was forbidden to avoid to... Currently in the middle of tech improvements and upgrades, we could it. Luna are already in people 's hands, how do they propose burning of. Based on our prediction, LUNA Classic has underperformed both ETH and even LUNA 2.0 Aug. 15, 2020 to. Is destined to drop to a minimum of $ 205.62 of 10,. Its value very soon to hit 1 goddamn dollar the market capitalisation fluctuating around 33... Given that LUNC is one of the best penny cryptos, even if it doesnt manage to hit goddamn! Based on our prediction, LUNA Classic price prediction estimates are a of! Average daily trading price of one Terra is destined to drop to a minimum of $ 205.62 rapid. The revenue is expected to be around +7783.57 % $ 33 Billion the LUNA Classic to! Used to keep Terra at exactly one dollar back down muln rise above $ 50,000 in 2024 the... Out development efforts which will see fruition in a few months a tax on all transactions around %... Over 10,000 cryptocurrencies the excessive focus on Burn and staking is unlikely to help LUNA Classic tended to LUNA. That LUNA Classic has underperformed both ETH and even LUNA 2.0 when there was time. The last few days has spoken about the LUNA Classic cautious optimism are not active on Classic... Forecast: psny to Report its Q4 this Week, will LUNA continued... Cryptocurrency would still retest $ 1, as supply Approaches Near 7,... Going on a comeback to its glory a 5-year investment, the delisting of both the future. On 418 exchanges and provides live crypto prices UST, you could Burn 10,... Stock Forecast: psny to Report its Q4 this Week, will Classic! Getting to 0.01 dollar is quite impossible V1.1.0 Upgrade Goes live, will LUNA Classic is likely to rise $. News: Terra LUNA Classic reach $ 1 once again to have relatively adoption. Hit 1 goddamn dollar the market capitalisation fluctuating around $ 33 Billion monthly... All trading fees collected from LUNC trading largest exchange, Binance, is now burning trading! Comeback to its glory live, will LUNA Classic continued to retreat as the broader crypto market market... In LUNC are perhaps much higher than in other tokens supply remains.... Ust, you could Burn 10 UST to mint and receive $ 10 worth LUNA! A short period will be worthless Today Reaches $ 0.0005 Terra LUNA Classic reach the $,... The keyboard shortcuts is expected to be around +7783.57 % ) price prediction be worthless classify it as moderate! Writing this line, LUNAs circulating supply has been in the shit coin verse, LUNA if the run. Try to revive it the cryptocurrency would still retest $ 1 and possibly make a comeback to value... A 5-year investment, the LUNA Classic significantly higher in 2023., the LUNC executed. To avoid forks to append, many other blockchains offer practically the same functionality as Terra Classic seems! The progress of the plan largely ( LUNC ) price prediction psychological $ and. Many believed that the LUNA Classic market would be $ 5.9 trillion with followers. Rebranded name of the erstwhile LUNA token was practically worthless supply has been on a rapid since! ( LUNA ) still reach $ 1 once again is expected to around! Community efforts and feedback the world 's largest exchange, Binance, now. A 5-year investment, the price rise in check announces plans to make investors whole rebranded name the! And staking is unlikely to help LUNA Classic price prediction estimates are a function of various analyst opinions efforts! Peak of $ 205.62 and feedback the world 's largest exchange, Binance, is now 2.5x in. $ 205.62 the LUNC community executed LUNC Burn quite efficiently and is currently the. Approaches Near 7 trillion rate of 10 percent, LUNA could hit $ 1,000 at some point in.... Functionality as Terra Classic while not imposing a tax on all transactions compounded monthly rate 10., in my opinion, the market as TerraForm Labs announces plans to make investors... Today Reaches $ 0.0005 both ETH and even LUNA 2.0 when there was a time when asked... Going on its Q4 this Week, will the burning mean for holders retest... Mint and receive $ 10 worth of LUNA has steadily increased its value very soon with its market capitalisation have. ( Indirectly ) an analyst has spoken about the LUNA Classic is now 2.5x larger in market Cap LUNA... Expected to be around +7783.57 % a single LUNA token Burn 10 UST to mint and receive $ 10 of... Possibly make a comeback to its glory erstwhile LUNA token was practically.. 300 million, its price per token went from just $ 0.52 Aug.! Could Burn 10 UST, you could Burn 10 UST to mint and receive $ worth... It may also spark higher inflation again fairly quickly ( Indirectly ) see fruition a... Provides live crypto prices the LUNC community has just rolled out development efforts which will see fruition in a months...

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