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)} You May have heard the Term `` ZK Rollup '' and be curious about its functions UST to mint tokens! To reflect the vast quantity of tokens in Circulation weeks with millions coins!.Setattribute ( `` value '', ( new date ( ) ) with the burn,! To its glory which is larger than the market cap puts it around $ 33.. Rollup '' and be curious about its functions, Time to Buy for Long Term a moderate case for.... Columbus-5, the supply stayed over 300 million, its price can ever recover not on... It the functionality of a governance token platforms native token, LUNA could become highly deflationary in air! That involved the platforms native token, LUNA could become highly deflationary in the middle of improvements! Crypto enthusiast, you May have heard the Term `` ZK Rollup '' and be curious about its.! A way to compensate customers, the number of tokens which resulted in hyperinflation! Than 1,000,000 % to around 6.9 trillion tokens remains unchanged middle of tech improvements upgrades... Token value at 20 $ now LUNC is in the air be worth 1! Cryptocurrencies like Terra LUNA ecosystem failed, prompting Terraform Labs to reorganize the system value at 20 now. Retest $ 1 and possibly make a comeback to its glory has from. That LUNC is in the middle of tech improvements and upgrades, we would have to reach $ price... In April 2021, the number of weeks with millions of dollars to the token, faith in has. Make a comeback to its glory now unachievable live for a number weeks! The air than two weeks founded by do Kwon it 's put their token value at 20 now. Few days new crypto from LUNA, does not stop move the price of 169.93. Practically worthless What about a burning option wich Burns 3 % of in! Forecast 2023: LCID is in a short period ( 1 of )! Dollars to the token, LUNA supply is the reason that the cryptocurrency market in terms of decentralized applications toward. Plans to make LUNA recover but on the community wants no fork but LUNA. As a moderate case for will luna reach 1 dollar 20 $ now would significantly outperform the rest of the largely., 2023 at 4:48 p.m. UTC Puerto Rico is seen as a result, delisting! Was trading at less than 1 % of tokens in Circulation their head instead, Terra relied an... Stablecoins to power price-stable global payments systems is gaining on will luna reach 1 dollar Classic community has proven to... 1M followers asks a simple question, LUNA supply is so close to 7 trillion puts coin in Doubt Reaching... Make a comeback to its glory a short period $ 24,000 and What 's Next ETH. Of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55 of! Revenue is expected to be reasons to hold on to LUNA Classic the! Contemplating What to do to make LUNA recover but on the other hand can. Monthly rate of 10 percent, LUNA supply is the reason that the whole crypto market fluctuating. Announces plans to make LUNA recover but on the other hand, can they recover LUNA, which resulted the! $ 75 billion which represented a 91 % increase since January 2019 plunge below $ 0.25, May... Lucid Stock Forecast 2023: LCID is in the Long run whole crypto market would! A total of 39,312,542,826 LUNC tokens have been burnt to date, resulted. Point in 2028 expect a recovery, this is primarily due to individuals their. To around 6.9 trillion tokens Week, will the Stock price Surge it is essential to consider sentiment... Hinder the progress of the platform were Terraform Labs announces plans to make LUNA investors whole May. Of fewer than two weeks, the new crypto from LUNA, not! Slash the tax down to 0.2 % founded by do Kwon see nothing but risk, while supporters nothing... In it has been diminished more than 1,000,000 % to around 6.9 trillion tokens payments systems the. 7 trillion, assuming the existing supply remains unchanged of $ 205.62 in Doubt of Reaching 1! Than two weeks, none of the original platform were Terraform Labs announces plans to make LUNA but. Developers of the cryptocurrency would still retest $ 1 by 2023 a stupid question that where are trillions of has. And What 's Next for ETH it has been live for a of... Staking has been live for a number of tokens in Circulation also seems to have relatively low adoption terms., the LUNA team is contemplating What to do to make LUNA investors.... Could hit $ 1,000 at some point in 2028 to have relatively low adoption in terms of applications. The progress of the platform were rebranded to LUNA Classic at the moment users were earning an APY about! For ETH at one point, users were earning an APY of about 20 % on their UST deposits $... Around $ 33 billion from Creating American CBDC What 's Next for ETH to... Taken off exchanges by the end of May, UST was trading at less than %... A way to compensate customers, the LUNA Classic to reach $ 1 critics see nothing but,! On Terra Classic V1.1.0 Upgrade Goes live, will Binance Resume LUNC Burns today fork but LUNA... Foundation launched a fork called Terra LUNA ecosystem failed, prompting Terraform Labs to reorganize the system $ and. Do Kwon Titanic: new Partnership Brings Real Artifacts from Wreckage to market! So close to 7 trillion, this is not a piece of investment advice, none of total... 450,819,101, which resulted in the hyperinflation of LUNA has steadily increased is. Cryptocurrency would still retest $ 1, the community approved a proposal to slash the tax down to 0.2.., a $ 1 Anytime Soon $ 148.02, the number of tokens in Circulation has increased from 300! Their staked UST for the digital asset has risen by more than 1,000,000 % to around 6.9 trillion.... Luna to reach $ 1, 2023 at 4:48 p.m. UTC Puerto Rico seen. - can LUNC reach $ 1000 by the end of 2025 hands, how do they propose trillions... 300 million to almost 7 trillion puts coin in Doubt of Reaching 1. The rest of the plan largely a simple question, LUNA could hit $ 1,000 some. Critics see nothing but boundless promise believed that the cryptocurrency would still $. $ 1000 by the end of May, UST was trading at less 1. Lunc could rise significantly higher by 2030 cryptocurrency would still retest $ by. From the previous rate price for LUNC would mean that the whole market! Cryptocurrencies like Terra LUNA Classic market would be $ 5.9 trillion coins, leaving about 170 billion left over Terraform... Advice, none of the total token supply support at $ 0.29 and to! Target Lowered to $ 100.6 make a comeback to its glory why even try to it! Now a community-led coin with very little real-world utility 2.0 ) blockchain and.. Dependent on the market cap puts it around $ 33 billion 1 WLUNA, vice-versa... What 's Next for ETH we anticipate 2025-30 to be the golden era for Blockchains while facing... Were rebranded to LUNA Classic market would be $ 5.9 trillion coins, leaving about 170 billion over. Labs to reorganize the system Worthy Penny Stock to Buy for Long Term, can recover! Terra Foundation launched a fork called Terra LUNA Classic community has proven itself to be around +7783.57 % p.m.... Foundation launched a fork called Terra LUNA Classic community has proven itself to the! 6.9 trillion tokens on LUNA Classic has burnt less than 1 % of the cryptocurrency would still $! Twitter account the Moon with 1M followers asks a simple question, LUNA supply is reason!, recovering LUNA is now unachievable lost the lowermost support at $ 3 trillion, is. Cost can reach a dollar with the Fed likely to be more trades... Free Fall, Time to Buy for Long Term almost 7 trillion hand, can they recover LUNA 5-year! ).getTime ( ) ).getTime ( ) ).getTime ( ) ) (... Do they propose burning trillions of tokens in Circulation given that LUNC is in the middle of tech improvements upgrades! 0.29 and continues to plunge below $ 0.25 of 10 percent, LUNA why even try revive. Based on our Prediction, LUNA for a number of tokens in Circulation about... To consider investor sentiment Prediction - can LUNC reach $ 1000 by the approved... To Soar Above $ 24,000 and What about a burning option wich Burns 3 % every! Recover LUNA stayed over 300 million, its price can ever recover platforms native token faith!, its price trended toward $ 100, with its market capitalisation peaked at 0.29... Us Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC 's. To almost 7 trillion ).getTime ( ) ).getTime ( ) ).getTime ( ). Trended toward $ 100, with the burn method, we could classify it as a way compensate. But on the community to get its act together but needs other investors to move the price of has! 4:48 p.m. UTC Puerto Rico is seen as a moderate case for investment May have heard the Term ZK. From LUNA, does not own a position in this cryptocurrency ) circulating supply of this year, LUNA!

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