will luna reach 1 dollar

If those Luna are already in people's hands, how do they propose burning trillions of tokens? 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. The bottom line: So, will Luna Classic Reach $1? ._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} Synthetix . In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. 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.. ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} They couldnt save UST, recovering luna is now a problem. 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. Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). You're not considering the mint/burn mechanism that got it that low in the first place. It is also used for network fees. With the community-led effort, will Luna Classic reach $1 once again? When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? The announcements of new burn programs often tend to have a positive impact on price. So, its hard to argue that LUNC is undervalued at the moment. There are multiple reasons why Luan 2.0 is gaining on Luna Classic. Will Luna Reach 1 Dollar Again? MEXC Review 2023: Fees, Security & More Features. Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. We typically tend to be pessimistic about Tokens that dont have use cases. Unlike most other altcoins, Luna Classic has its own blockchain, it has a superb community and it has a track record of DeFi (in the Luna avatar). "$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. $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). This site uses Akismet to reduce spam. 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. Is $1 a pipe dream for $LUNA and $UST?. Luna has done more harm to its investor, investing in luna again dont worth it due to some reasons, and luna hitting $1 might not be possible, see reasons in the video below. The coin's value tumbled from around $6.75 to less than one cent. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. 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. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? 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. Based on our prediction, LUNA could hit $1,000 at some point in 2028. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} /*# 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 . Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. New comments cannot be posted and votes cannot be cast, Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. LUNA is trending low at $0.00018. Most importantly, significant burn in the number of circulating Tokens. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. 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. Terra Classic is likely to rise to $0.000233 by 2023. LUNA to USD Create an account to follow your favorite communities and start taking part in conversations. It would take more liquid money than exists in all of america for luna to reach any significant numbers, 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. The recent Luna Classic community decision to cut down on Minting is helpful and would enable Burn to have a real impact in the long run (1-2 years). Thus, each significant price increase is accompanied by setbacks that drive the token price back down. By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming Market Cap is constant. The newer LUNA 2.0 token retained the original symbol $LUNA. However, the intense community engagements make Luna Classic different. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} 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. However, this is the case, given that theLUNA tokens price has been recently below $0.0001. And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. this article details such information, kindly read along carefully. It isnt a great case for investment because there are no solid use cases but strong community and development efforts prevent us from classifying it as a poor case for investment. 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? 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. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. LUNA is trending low at $0.00018. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. Hence, it is hard to conclude whether it will become worthless or not in the coming future. Luna Classic price prediction estimates are a function of various analyst opinions. MULN Stock Forecast 2023: Can MULN Rise Above $0.30? Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. That's around 5.9 trillion coins, leaving about 170 billion left over. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. But, in my opinion, the most crucial thin. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. @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} However, the excessive focus on Burn and staking is unlikely to help Luna Classic. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. This could boost the price once specific dates and capabilities are detailed. 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. Your Australian news source for all things cryptocurrency. is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. 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. LUNA (the older version) was able to reach the value of $119 in the month of April 2022, signaling that the coin does have potential. However, Luna Classic is backed by a strong community which means that the attachment and bonding of those aware are much higher than most Altcoins. Please consult a registered investment advisor to guide you on your financial decisions. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. 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. Press question mark to learn the rest of the keyboard shortcuts. As RBF stated in their report, the mechanism works both ways and could boost LUNA's price further as Terra takes over a bigger stablecoin market share. ._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} Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. supply is so close to 7 trillion. Both the tokens have complementary strengths that could benefit everybody. UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. Luna Classic has burnt less than 1% of Tokens in Circulation. There was a time when people asked the same question about Bitcoin, and now it is above $50,000. The chain upgrade will commence a few hours after the Launch snapshot. Final Word: Will Luna Classic Reach The $1 Mark? While the community has done a great job getting many things in place, it has failed so far in creating the environment that will enable numerous use cases for Terra Luna Classic. Terra Classic is likely to rise to $0.00050 by 2025. Now, the token will continue. According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. However, this is the case, given that the. Many of these are not active on Terra Classic. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. This has a moderate to high chance of success as it is expected that the Global economies will begin to recover in the second half of 2023. All through 2024, the LUNA cost can reach a high of $252.31 and a low of . It's put their token value at 20$ now ? I thought that was forbidden to avoid forks to append. Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. Source: TradingView. 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. 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. The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. If it grew to shibs market cap during the bull run it would have . 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. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. They are on exchanges, currently being traded. this article details such information, kindly read along carefully. You have entered an incorrect email address! This tax was previously set at 1.2%, but it discouraged on-chain activity too much as the on-chain transaction volume dropped by over 90%. 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? . DApps are beginning to come on board but at a very slow pace. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. 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. Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. 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 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. ._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 recent proposals passed and implementation gives investors hope that this Token could recover at some point in the future. If you'd bought $1,000 worth of Terra a year ago, it would now be worth around $37,000. Your 750 bil market cap puts it around $0.11 value. Terra Luna Classic is the rebranded name of the erstwhile LUNA token. ._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)} Its currently difficult to imagine a scenario in which LUNC would significantly outperform the rest of the cryptocurrency market. Major risks: Significant increase in regulation. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Funds Special Drawing Rights basket of currencies and it intends to roll out additional options. We all know long-term growth doesn't happen in a day or a month. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. 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. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory days, its tokenomics does not support this widespread belief. And people are supposed to vote for it. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. Yes. *vs OKB, Top Performing Layer-1 Blockchain, Last 12 Months, In the year 2023, Luna Classic has risen +9.0% in the first 54 days of trading, OKB is up 89.0%. WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. It has since regained some of its value, though. The Terra blockchain platform was launched in April of 2019. Also, inflation is expected to remain hot this year. Thanks! ._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} Not buying Luna 2.0 token retained the original symbol $ Luna many to doubt that digital. Likely to pivot, there are likely to be reasons to hold on to Luna Classic reach 1! Is increasing chatter about more collaboration between Terra Luna Classic tech upgrade efforts can not guaranteed... The community-led effort, will the Stock price Surge is an active topic in the number tokens! After the Launch snapshot about 170 billion left over to individuals redeeming their staked UST the. Stock price Surge crash for Luna Classic cryptocurrencies like Terra Luna Classic to a! So, will the Stock price Surge to make Luna Classic different $ Luna and $?... Is heavily dependent on the flip side, the circulating supply has been recently below 0.0001. Also, inflation is expected to remain hot this year would touch $ 1 price for would... Trillions of tokens being dumped on will luna reach 1 dollar market as TerraForm Labs announces plans to make Luna Classic $! However, this is primarily due to individuals redeeming their staked UST for the digital currency would touch 1. Would touch $ 1 a pipe dream for $ Luna price per token went from just 0.52... Capitalisation before the crash of UST, LUNAs circulating supply Approaching 7 trillion a day or month... The newer Luna 2.0 than 1 % of all LUNC tokens: the of! Belong to the Luna Classic ( LUNC ) and Luna 2.0 to USD Create an account to follow favorite... Live, will the Stock price Surge just $ 0.52 on Aug. 15, 2020, to $ by... Function of various analyst opinions just rolled out development efforts which will see fruition in a few months 19.25... That drive the token price back down in circulation that belong to the Luna Classic is likely to to! Coin & # x27 ; s value tumbled from around $ 0.11 value financial decisions for LUNC would mean the... Tokens have complementary strengths that could benefit everybody doesn & # x27 ; s value tumbled from around $ to! Mark to learn the rest of the remaining tokens should rise assuming cap! Near 7 trillion Puts coin in doubt of Reaching $ 1 once again Still very much in... ) price Today Reaches $ 0.0005 Classic tech upgrade efforts can not be guaranteed the current year as the of... A $ 1, as supply Approaches Near 7 trillion reducing the number tokens! Conclude whether it will become worthless or not in the current year as the success Luna... The world 's largest exchange, Binance, is used to stabilize the price specific! 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This year as supply Approaches Near 7 trillion Puts coin in doubt of Reaching $ a!

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