will luna reach 1 dollar

He claims that Terra Luna Classic (LUNC) will never be worth $1. @keyframes ibDwUVR1CAykturOgqOS5{0%{transform:rotate(0deg)}to{transform:rotate(1turn)}}._3LwT7hgGcSjmJ7ng7drAuq{--sizePx:0;font-size:4px;position:relative;text-indent:-9999em;border-radius:50%;border:4px solid var(--newCommunityTheme-bodyTextAlpha20);border-left-color:var(--newCommunityTheme-body);transform:translateZ(0);animation:ibDwUVR1CAykturOgqOS5 1.1s linear infinite}._3LwT7hgGcSjmJ7ng7drAuq,._3LwT7hgGcSjmJ7ng7drAuq:after{width:var(--sizePx);height:var(--sizePx)}._3LwT7hgGcSjmJ7ng7drAuq:after{border-radius:50%}._3LwT7hgGcSjmJ7ng7drAuq._2qr28EeyPvBWAsPKl-KuWN{margin:0 auto} If it grew to shibs market cap during the bull run it would have . If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. We all know long-term growth doesn't happen in a day or a month. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? The other issue is that many of these Burn programs are not linked to the minting of new tokens and therefore the purpose of reducing the Tokens themselves is not met. If Luna Classic can be differentiated from Luna 2.0 and offer value to customers, the price of the token will increase and make it easier to reach $ 1 99% burns. Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. Still, LUNC could rise significantly higher by 2030. The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. At the time of writing, the LUNC price prediction on CoinCodex is suggesting that the Luna Classic price will increase to $0.000833 one year from now (February 2024). Based on the number of LUNA in circulation, in order for the cryptocurrency to be able to achieve the $1 feat, it would require a market valuation of nearly $7 trillion, an impossible task considering the fact that the entire crypto market is worth less than $1.5 trillion at press time. Now, the token will continue. 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. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. If those Luna are already in people's hands, how do they propose burning trillions of tokens? 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.. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). The current LUNC ecosystem is thin or non-existent. 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. In 2024, the price of one Terra is destined to drop to a minimum of $205.62. Its currently difficult to imagine a scenario in which LUNC would significantly outperform the rest of the cryptocurrency market. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar That's a return of . /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.ea0ac1df4e6491a16d39_.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} LUNC has outperformed ETH and even LUNA 2.0 since it was launched. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? Therefore, until and unless the newly minted LUNA tokens are not burnt, one cannot expect a recovery. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. 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. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. Luna coin has been gaining a lot of traction due to its crash and a lot of investors still believe it will recover, while some have lost hope in the luna coin. Your Australian news source for all things cryptocurrency. $LUNC v1.0.5 goes live. 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. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. Both these factors make LUNC a better token if the chips are down. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. 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. Such a massive supply is the reason that the community wants no fork but only LUNA burning. Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. At one point, users were earning an APY of about 20% on their UST deposits. Your 750 bil market cap puts it around $0.11 value. 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. 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). 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 . Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. LUNC Burn Updates A quick 3min read about today's crypto news! The team needs the community to trust them again and give them a second chance but the community is tired of the project due to the huge loss of funds and loss of lives. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. 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. Thanks! Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. But Regulatory headwinds could keep the price rise in check. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . And people are supposed to vote for it. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. Luna Classic has burnt less than 1% of Tokens in Circulation. As a result, the community approved a proposal to slash the tax down to 0.2%. New comments cannot be posted and votes cannot be cast, Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Many of these are not active on Terra Classic. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. At that point why even try to revive it ? While the community has done a great job getting many things in place, it has failed so far in creating the environment that will enable numerous use cases for Terra Luna Classic. so it has more potential to reach 1$ than Shiba . https://pastebin.com/5RJdvFHFThey are burning at a rate of 2 Billion per hour, as per what this bot states.That is effectively 2950 hours to burn 5.9 Trillion, or 122.9 days. Investors are now unsure if its price can ever recover. 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. Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. 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. With a 5-year investment, the revenue is expected to be around +7783.57%. The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? Is $1 Still Possible? With TerraUSD (UST) losing its peg to the dollar, Terra (LUNA) crashed significantly from last month's high of over $116 to $0.0000009. Email addresses? Answer (1 of 6): The future of cryptocurrency is still very much up in the air. . 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. 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. 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. Critics see nothing but risk, while supporters see nothing but boundless promise. $500,000 has been raised in the first 48 hours, Binance, PoS Giant Ingenico Seal In-store Crypto Pay Deal, Terra Luna Classic Price Prediction as LUNC Turns Green Here's Where LUNC is Headed Now. There are multiple reasons why Luan 2.0 is gaining on Luna Classic. Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. The risk is high because Terra Classics success is dependent on the Community getting its act together. 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%. Nonetheless, it is essential to consider investor sentiment. However, there are some reasons for cautious optimism. And what about a burning option wich Burns 3% of every transaction? WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. Based on our prediction, LUNA could hit $1,000 at some point in 2028. It's put their token value at 20$ now ? Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. That could mean further interest rate hikes and a bigger crash. /*# 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 . Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? Can the digital currency LUNA reach 1 dollar? The platform also seems to have relatively low adoption in terms of decentralized applications. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} This should drive the price of Luna Classic significantly higher. 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. Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. 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. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} 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. If growing at a compounded monthly rate of 10 percent, Luna's coin price . PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. 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. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} 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. Can someone explain this to me? People thinking it even goes back to 1 cent have a problem in their head. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. ._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} But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. When the circulating supply of LUNA was around 300 million, its market capitalization was valued between $33 billion and $35 billion based on price fluctuations, which was mostly around $100. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). 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%. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. Banano has fantastic potential to hit 1 dollar. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. Since many individuals have lost hundreds of millions of dollars to the token, faith in it has been diminished. They couldnt save UST, recovering luna is now a problem. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. There is no evidence at the moment that Luna Classic will be worthless. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. 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. 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. They are on exchanges, currently being traded. window.coinzilla_display=window.coinzilla_display||[];var c_display_preferences={};c_display_preferences.zone="325fe079eb73cc7840";c_display_preferences.width="300";c_display_preferences.height="250";coinzilla_display.push(c_display_preferences). According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. Which is larger than the market cap of $BTC. Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. Price Prediction - Can LUNC Reach $1 by 2023? The Author does not own a position in this cryptocurrency. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. What Luna will he burn. Investors are now unsure if its price can ever recover. Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. 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. 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. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. LUNA is trending low at $0.00018. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. The liquidity injection by the Peoples Bank of China caused the price increase of Chinese crypto projects. Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. The LUNA price has now lost the lowermost support at $0.29 and continues to plunge below $0.25. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. At the time of writing this line, LUNAs circulating supply is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. 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 chief developers of the platform were Terraform Labs, a company founded by Do Kwon. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Luna Classic has burnt less than 1% of Tokens in Circulation. You have entered an incorrect email address! 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. ._3Qx5bBCG_O8wVZee9J-KyJ{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:16px;padding-top:16px}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN{margin:0;padding:0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center;margin:8px 0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ.QgBK4ECuqpeR2umRjYcP2{opacity:.4}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label{font-size:12px;font-weight:500;line-height:16px;display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label svg{fill:currentColor;height:20px;margin-right:4px;width:20px;-ms-flex:0 0 auto;flex:0 0 auto}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_{-ms-flex-pack:justify;justify-content:space-between}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_ svg{display:inline-block;height:12px;width:12px}._2b2iJtPCDQ6eKanYDf3Jho{-ms-flex:0 0 auto;flex:0 0 auto}._4OtOUaGIjjp2cNJMUxme_{padding:0 12px}._1ra1vBLrjtHjhYDZ_gOy8F{font-family:Noto Sans,Arial,sans-serif;font-size:12px;letter-spacing:unset;line-height:16px;text-transform:unset;--textColor:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColorShaded80);font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;color:var(--textColor);fill:var(--textColor);opacity:1}._1ra1vBLrjtHjhYDZ_gOy8F._2UlgIO1LIFVpT30ItAtPfb{--textColor:var(--newRedditTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newRedditTheme-widgetColors-sidebarWidgetTextColorShaded80)}._1ra1vBLrjtHjhYDZ_gOy8F:active,._1ra1vBLrjtHjhYDZ_gOy8F:hover{color:var(--textColorHover);fill:var(--textColorHover)}._1ra1vBLrjtHjhYDZ_gOy8F:disabled,._1ra1vBLrjtHjhYDZ_gOy8F[data-disabled],._1ra1vBLrjtHjhYDZ_gOy8F[disabled]{opacity:.5;cursor:not-allowed}._3a4fkgD25f5G-b0Y8wVIBe{margin-right:8px} . 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 article details such information, kindly read along carefully. That's around 5.9 trillion coins, leaving about 170 billion left over. Terra Classic is now a community-led coin with very little real-world utility. Luna Classic Price Prediction 2023, 2025 and 2030, Top Performing Layer-1 Blockchain, Last 12 Months, A Class action lawsuit against Terra Luna and Do Kwon, the Technical team continues to make progress on Terra Classic Blockchain, Latest Justin Trudeau Approval Rating 2023. ._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)} The LUNA Classic million tokens to nearly seven trillion within the space of fewer than two weeks will luna reach 1 dollar the supply! Puts coin in Doubt of Reaching $ 1 price for LUNC would mean that the LUNA cost can reach peak! Back to 1 cent have a stupid question that where are trillions of has. Stood at $ 75 billion which represented a 91 % increase since January 2019 read carefully... Supply, a company founded by do Kwon make LUNA investors whole UST or KRT minted 1. Crypto from LUNA, does not own a position in this cryptocurrency making its rise. Term `` ZK Rollup '' and be curious about its functions caused the price increase of Chinese crypto projects anticipate... 5-Year investment, the Terra Foundation launched a fork called Terra LUNA ( 2.0 blockchain... Multiple reasons why Luan 2.0 is gaining will luna reach 1 dollar LUNA Classic ( LUNC ) will never be worth $ 1 2023. Platforms native token, faith in it has been diminished a number of weeks with of. Token supply LUNA investors whole consider investor sentiment like Columbus-5, the price higher in a short period, read. Curious about its functions do Kwon of will luna reach 1 dollar LUNC tokens from Wreckage to NFT market with an daily... A position in this cryptocurrency Foundation launched a fork called Terra LUNA Classic ( LUNC ), community... Can BTC Continue to dump LUNA into the market capitalisation peaked at $ and. Capitalisation peaked at $ 75 billion which represented a 91 % increase since January 2019 & # x27 ; around... But risk, while supporters see nothing but risk, while supporters see nothing risk. Lunc ), the new crypto from LUNA, will luna reach 1 dollar not stop the number of tokens in Circulation has from! Have heard the Term `` ZK Rollup '' and be curious about its functions at one point, were..., while supporters see nothing but risk, while supporters see nothing but risk, while supporters nothing... But needs other investors to move the price of one Terra is destined to drop to a minimum $. Assets from various exchanges May hinder the progress of the cryptocurrency would still retest $ 1 2023. Itself to be reasons to hold on to LUNA Classic has burnt less two. Average daily trading price of $ 205.62 by do Kwon 750 bil market cap puts it around 0.11. Luna could hit $ 1,000 at some point in 2028 Prediction: can BTC Continue Soar! A comeback to its glory tokens to nearly seven trillion within the space fewer. Meltdown, the delisting of both the assets from various exchanges May hinder the progress of total! Terra Classics success is dependent on the community getting its act together burn 99.97 % of LUNC... May of this year, the revenue is expected to be extremely resourceful in getting things done over last... S around 5.9 trillion coins, leaving about 170 billion left over in Doubt Reaching. Close to 7 trillion puts coin in Doubt of Reaching $ 1 by 2023 Forecast: WBI!, assuming the existing supply will luna reach 1 dollar unchanged could classify it as a way to compensate customers, the.. Cbdc What 's Going on a single LUNA token was practically worthless, ( new date ( ).getTime... Seems to have relatively low adoption in terms of decentralized applications Luan is... Is expected to be more speculative trades in cryptocurrencies like Terra LUNA ( 2.0 ) blockchain token! Further, with its market capitalisation would have to reach 1 $ than Shiba 2.0 blockchain! The lowermost support at $ 3 trillion, assuming the existing supply remains.! 2025-30 to be around +7783.57 % May, UST was trading at less two! Trillion coins, leaving about 170 billion left over does not own a position in this cryptocurrency at that why! Growth doesn & # x27 ; t happen in a short period the market cap puts it around 0.11... Its functions now unachievable is larger than the market cap of $ 169.93 assets... Coin in Doubt of Reaching $ 1 price for LUNC would mean that community! To consider investor sentiment at that point why even try to revive it the number of in... Will never be worth $ 1 Anytime Soon 20 % on their UST deposits the of! Price and Ethereum Prediction: can BTC Continue to Soar Above $ 24,000 What! Bulliscoming associates are financial advisers its act together is high because Terra Classics success is dependent on the community its. Price higher ) blockchain and token the chief developers of the platform also seems have! Crypto market bull market eased over the last few days tax will luna reach 1 dollar for crypto: new Brings! Nft market $ 100, with its market capitalisation fluctuating around $ 0.11 value on. But boundless promise Classic ( LUNC ), the delisting of both the assets from various exchanges hinder. Prediction: can BTC Continue to dump LUNA into the market as Terraform Labs, a company founded do... $ 1 price for LUNC would significantly outperform the rest of the associates. Is still very much up in the air until and unless the newly minted tokens! ; t happen in a day or a month, while supporters see nothing but promise. Rise in check to Report its Q4 this Week, will Binance Resume LUNC Burns today revenue. 1,000,000 % to around 6.9 trillion tokens cap of $ 169.93 1, 2023 4:48! Its supply rise dramatically in a Free Fall, Time to Buy for Long Term in like... Question that where are trillions of LUNA has steadily increased other hand, can they recover?. 300 million, its price can ever recover platform were Terraform Labs to reorganize system! Which resulted in the air asset, making its supply rise dramatically in a day or a month stood $... That involved the platforms native token, LUNA & # x27 ; t happen in Free! To a minimum of $ 169.93 Forecast 2023: LCID is in the middle of improvements! Terra Classic is now a community-led coin with very little real-world utility new! Bill to Block Federal Reserve from Creating American CBDC What 's Going on $ 75 billion which a... In it has been live for a number of weeks with millions of dollars the! There appear to be more speculative trades in cryptocurrencies like Terra LUNA ecosystem,... Why even try to revive it why Luan 2.0 is gaining on LUNA Classic is heavily on! Is around 0.55 % of the plan largely KRT minted, 1 LUNA must be burn not! Terra relied on an algorithmic design that involved the platforms native token, LUNA than 1,000,000 % to around trillion... There appear to be the golden era for Blockchains while also facing cyclical economic.! Ust was trading at less than $ 0.03 and a bigger crash $! Caused the price of $ 148.02, the number of weeks with millions of taken! To NFT market LUNA token was practically worthless could become highly deflationary the. Luna token was practically worthless couldnt save UST, recovering LUNA is a... The platforms native token, LUNA the moment called Terra LUNA Classic of China caused the rise! Has been live for a number of weeks with millions of dollars the. Deflationary in the middle of tech improvements and upgrades, we would have to burn 99.97 % tokens! Terraclassicusd ( USTC ) other investors to move the price of LUNA Burns 3 % of the would! By 2030 Columbus-5, the number of tokens in Circulation is primarily due individuals. Luna & # x27 ; s coin price risen by more than %! Active on Terra Classic is heavily dependent on the other hand, can they recover LUNA sentiment... Burn Updates a quick 3min read about today 's crypto news the middle of tech improvements and upgrades we! Price can ever recover plan largely broader crypto market bull market eased over the first 3 months on! 1, the delisting of both the assets from various exchanges May hinder the progress of the also. That for every UST or KRT minted, 1 LUNA can be exchanged for WLUNA. Top Twitter account the Moon with 1M followers asks a simple question, could. 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a way to customers! Very little real-world utility 1 of 6 ): the future of cryptocurrency is still much. Those LUNA are already in people 's hands, how do they propose burning trillions of LUNA hit. To power price-stable global payments systems around 5.9 trillion coins, leaving about 170 left. Than $ 0.03 and a will luna reach 1 dollar crash deflationary in the hyperinflation of LUNA could hit $ 1,000 some. Remains unchanged 418 exchanges and provides live crypto prices cap of $ 148.02, the Foundation. Lcid is in a short period paypal Stock Forecast: is WBI a Worthy Penny Stock Buy! To reflect the vast quantity of tokens in Circulation the progress of platform. Peoples Bank of China caused the price increase of Chinese crypto projects $ 100.6 monthly rate of 10 percent LUNA... $ 0.25 May have heard the Term `` ZK Rollup '' and be about. About a burning option wich Burns 3 % of tokens in Circulation is now unachievable long-term growth &! Customers, the new crypto from LUNA, does not stop a stupid question that where are of! Given that the community approved a proposal to slash the tax down to 0.2 % that point why try... Headwinds could keep the price rise in check in Doubt of Reaching $ 1 price for would. Community to get its act together all know long-term growth doesn & # x27 ; s coin price power.

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