Which is larger than the market cap of $BTC. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. . It's put their token value at 20$ now ? 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. That could mean further interest rate hikes and a bigger crash. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. Terra Luna Classic Price Prediction Can it Reach $1 by 2023? This could boost the price once specific dates and capabilities are detailed. There are multiple reasons why Luan 2.0 is gaining on Luna Classic. Retailers. There is no evidence at the moment that Luna Classic will be worthless. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. However, the intense community engagements make Luna Classic different. Can someone explain this to me? .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} Yes. You're not considering the mint/burn mechanism that got it that low in the first place. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. If those Luna are already in people's hands, how do they propose burning trillions of tokens? The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). LUNA price plummets nearly 38% despite a 200% increase in trade volume. Therefore, these factors can determine LUNCs price in 2023. @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} Investors are now unsure if its price can ever recover. Banano has fantastic potential to hit 1 dollar. 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. . He claims that Terra Luna Classic (LUNC) will never be worth $1. However, there are some reasons for cautious optimism. 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. 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. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . Can Luna Classic reach 1 dollar. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. Source: TradingView ._38lwnrIpIyqxDfAF1iwhcV{background-color:var(--newCommunityTheme-widgetColors-lineColor);border:none;height:1px;margin:16px 0}._37coyt0h8ryIQubA7RHmUc{margin-top:12px;padding-top:12px}._2XJvPvYIEYtcS4ORsDXwa3,._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px}._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{background-position:50%;background-repeat:no-repeat;background-size:100%;height:54px;width:54px;font-size:54px;line-height:54px}._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4,.icon._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4{filter:blur()}.eGjjbHtkgFc-SYka3LM3M,.icon.eGjjbHtkgFc-SYka3LM3M{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px;background-position:50%;background-repeat:no-repeat;background-size:100%;height:36px;width:36px}.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4,.icon.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4{filter:blur()}._3nzVPnRRnrls4DOXO_I0fn{margin:auto 0 auto auto;padding-top:10px;vertical-align:middle}._3nzVPnRRnrls4DOXO_I0fn ._1LAmcxBaaqShJsi8RNT-Vp i{color:unset}._2bWoGvMqVhMWwhp4Pgt4LP{margin:16px 0;font-size:12px;font-weight:400;line-height:16px}.icon.tWeTbHFf02PguTEonwJD0{margin-right:4px;vertical-align:top}._2AbGMsrZJPHrLm9e-oyW1E{width:180px;text-align:center}.icon._1cB7-TWJtfCxXAqqeyVb2q{cursor:pointer;margin-left:6px;height:14px;fill:#dadada;font-size:12px;vertical-align:middle}.hpxKmfWP2ZiwdKaWpefMn{background-color:var(--newCommunityTheme-active);background-size:cover;background-image:var(--newCommunityTheme-banner-backgroundImage);background-position-y:center;background-position-x:center;background-repeat:no-repeat;border-radius:3px 3px 0 0;height:34px;margin:-12px -12px 10px}._20Kb6TX_CdnePoT8iEsls6{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-bottom:8px}._20Kb6TX_CdnePoT8iEsls6>*{display:inline-block;vertical-align:middle}.t9oUK2WY0d28lhLAh3N5q{margin-top:-23px}._2KqgQ5WzoQRJqjjoznu22o{display:inline-block;-ms-flex-negative:0;flex-shrink:0;position:relative}._2D7eYuDY6cYGtybECmsxvE{-ms-flex:1 1 auto;flex:1 1 auto;overflow:hidden;text-overflow:ellipsis}._2D7eYuDY6cYGtybECmsxvE:hover{text-decoration:underline}._19bCWnxeTjqzBElWZfIlJb{font-size:16px;font-weight:500;line-height:20px;display:inline-block}._2TC7AdkcuxFIFKRO_VWis8{margin-left:10px;margin-top:30px}._2TC7AdkcuxFIFKRO_VWis8._35WVFxUni5zeFkPk7O4iiB{margin-top:35px}._1LAmcxBaaqShJsi8RNT-Vp{padding:0 2px 0 4px;vertical-align:middle}._2BY2-wxSbNFYqAy98jWyTC{margin-top:10px}._3sGbDVmLJd_8OV8Kfl7dVv{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;margin-top:8px;word-wrap:break-word}._1qiHDKK74j6hUNxM0p9ZIp{margin-top:12px}.Jy6FIGP1NvWbVjQZN7FHA,._326PJFFRv8chYfOlaEYmGt,._1eMniuqQCoYf3kOpyx83Jj,._1cDoUuVvel5B1n5wa3K507{-ms-flex-pack:center;justify-content:center;margin-top:12px;width:100%}._1eMniuqQCoYf3kOpyx83Jj{margin-bottom:8px}._2_w8DCFR-DCxgxlP1SGNq5{margin-right:4px;vertical-align:middle}._1aS-wQ7rpbcxKT0d5kjrbh{border-radius:4px;display:inline-block;padding:4px}._2cn386lOe1A_DTmBUA-qSM{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:10px}._2Zdkj7cQEO3zSGHGK2XnZv{display:inline-block}.wzFxUZxKK8HkWiEhs0tyE{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button);cursor:pointer;text-align:left;margin-top:2px}._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0{display:none}.yobE-ux_T1smVDcFMMKFv{font-size:16px;font-weight:500;line-height:20px}._1vPW2g721nsu89X6ojahiX{margin-top:12px}._pTJqhLm_UAXS5SZtLPKd{text-transform:none} 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. Do Burn programs have an impact on price? So unless we see a very orderly burning of the $LUNA, THIS IS OVER. Retail currently holds billions, if not even trillions of tokens. LUNA is trending low at $0.00018. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} The newer LUNA 2.0 token retained the original symbol $LUNA. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. this is extremely difficult to do because it requires a lot of attention from the public and finance to power the project. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. *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%. Trillions of new coins were created when the protocol spiraled out of control and the current supply of LUNC stands at more than 6 trillion (6,000,000,000,000) - a mind-boggling number that currently makes it near-impossible for LUNC to ever reach $1 in its current state. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. @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} An analyst has spoken about the Luna Classic (LUNC) price prediction. Therefore, until and unless the newly minted LUNA tokens are not burnt, one cannot expect a recovery. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. Luna management- There is new leadership under former developers that could turn this around. 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. In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. Thanks! While many believe that the cryptocurrency can return in value above $1, and perhaps return to its glory days, the number of its cryptocurrencies does not support . With a 5-year investment, the revenue is expected to be around +7783.57%. The older LUNA token was rebranded Luna Classic or LUNC and much of the control was handed over to the LUNC community. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. LUNA is a token that is used to keep Terra at exactly one dollar. 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. 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. Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? Both of these could push LUNC price significantly higher in 2023. If true, that burn would drastically slash the supply of LUNC and drive up its price. Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. If there is like trillions of Luna coins who own them ? 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. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. The older crypto is now called Luna Classic $LUNC. Before we take a closer look at whether Luna is going to recover, lets quickly recap the crash of the Terra ecosystem, which is why Terra Classic and Luna Classic exist in the first place. Even though the tax is much lower now, having a 0.2% tax on all on-chain transactions could be a significant headwind for the actual adoption of the Terra Classic blockchain. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. The yields available in the Terra ecosystem drove huge demand. As a result, the community approved a proposal to slash the tax down to 0.2%. Will Luna Reach 1 Dollar Again? Is $1 Still Possible? If growing at a compounded monthly rate of 10 percent, Luna's coin price . Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. Can Luna Recover? The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. The current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. Luna's price chart depicts a historic crash. 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. The bottom line: So, will Luna Classic Reach $1? Still, LUNC could rise significantly higher by 2030. It is worth noting that the rapid growth of LUNAs circulating supply within the space of two weeks is caused by investors redeeming their staked UST for the asset following the teams recent efforts at TerraForm Labs to make investors whole again. Terra Luna Classic is the rebranded name of the erstwhile LUNA token. Its Terra LUNA price prediction projects that the coin will race above $0.0008 in 2027 to reach $0.006 by 2031. By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming Market Cap is constant. Therefore, it could be difficult for the Terra and Luna Classic ecosystem to actually become a hub for decentralized finance, NFTs, and other use cases beyond just speculative LUNC holding. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. As RBF stated in their report, the mechanism works both ways and could boost LUNA's price further as Terra takes over a bigger stablecoin market share. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. The chain upgrade will commence a few hours after the Launch snapshot. so it has more potential to reach 1$ than Shiba . Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. Can the digital currency LUNA reach 1 dollar? Follow the latest news about cryptos in our Telegram channel. However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. You have entered an incorrect email address! SNDL Stock Forecast 2023: Will SNDL Reach $3? The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). These estimates are based on certain assumptions, To read about Terra Rebels plans of action for Luna Classic, click here. Luna Classic has burnt less than 1% of Tokens in Circulation. Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. Press question mark to learn the rest of the keyboard shortcuts. This is a high-risk forecast which means that there is a high possibility of failure. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Is $1 a pipe dream for $LUNA and $UST?. Major risks: Disintegration of the Community. The recent proposals passed and implementation gives investors hope that this Token could recover at some point in the future. The coin's value tumbled from around $6.75 to less than one cent. I have seen proposal to modify the blockchain algorithm. Source: TradingView. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other Tokens. If Luna is only gaining a compounded 5 percent per month, it will need two years to reach $100 from the current price. 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. 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). Luna Classic $0.00016380-1.41%. However, this is the case, given that theLUNA tokens price has been recently below $0.0001. Based on our prediction, LUNA could hit $1,000 at some point in 2028. Save my name, email, and website in this browser for the next time I comment. There are loads of people who snapped up millions of Luna for a few bucks. Home Will LUNA Recover? LUNA reached its all-time high on April 6, 2022, at a price of just under $120. ._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} Please enter your username or email address to reset your password. Thus, each significant price increase is accompanied by setbacks that drive the token price back down. Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. ._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} Such a massive supply is the reason that the community wants no fork but only LUNA burning. Luna Classic can be bought on numerous major centralized and decentralized crypto exchanges including Binance, KuCoin, Kraken, Gemini, OKX, Huobi, Gate.io, Bybit, Uniswap, and PancakeSwap. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. Terra Classic is now a community-led coin with very little real-world utility. Luna faced an astronomical price drop which is largely due to a combination of a broader market dip and the de-pegging of its UST stablecoin from the dollar. 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. 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. Both these factors make LUNC a better token if the chips are down. Also Read; Luna Coin Crash Will Luna Coin Recover? Synthetix . US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? It is also used for network fees. .c_dVyWK3BXRxSN3ULLJ_t{border-radius:4px 4px 0 0;height:34px;left:0;position:absolute;right:0;top:0}._1OQL3FCA9BfgI57ghHHgV3{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;margin-top:32px}._1OQL3FCA9BfgI57ghHHgV3 ._33jgwegeMTJ-FJaaHMeOjV{border-radius:9001px;height:32px;width:32px}._1OQL3FCA9BfgI57ghHHgV3 ._1wQQNkVR4qNpQCzA19X4B6{height:16px;margin-left:8px;width:200px}._39IvqNe6cqNVXcMFxFWFxx{display:-ms-flexbox;display:flex;margin:12px 0}._39IvqNe6cqNVXcMFxFWFxx ._29TSdL_ZMpyzfQ_bfdcBSc{-ms-flex:1;flex:1}._39IvqNe6cqNVXcMFxFWFxx .JEV9fXVlt_7DgH-zLepBH{height:18px;width:50px}._39IvqNe6cqNVXcMFxFWFxx ._3YCOmnWpGeRBW_Psd5WMPR{height:12px;margin-top:4px;width:60px}._2iO5zt81CSiYhWRF9WylyN{height:18px;margin-bottom:4px}._2iO5zt81CSiYhWRF9WylyN._2E9u5XvlGwlpnzki78vasG{width:230px}._2iO5zt81CSiYhWRF9WylyN.fDElwzn43eJToKzSCkejE{width:100%}._2iO5zt81CSiYhWRF9WylyN._2kNB7LAYYqYdyS85f8pqfi{width:250px}._2iO5zt81CSiYhWRF9WylyN._1XmngqAPKZO_1lDBwcQrR7{width:120px}._3XbVvl-zJDbcDeEdSgxV4_{border-radius:4px;height:32px;margin-top:16px;width:100%}._2hgXdc8jVQaXYAXvnqEyED{animation:_3XkHjK4wMgxtjzC1TvoXrb 1.5s ease infinite;background:linear-gradient(90deg,var(--newCommunityTheme-field),var(--newCommunityTheme-inactive),var(--newCommunityTheme-field));background-size:200%}._1KWSZXqSM_BLhBzkPyJFGR{background-color:var(--newCommunityTheme-widgetColors-sidebarWidgetBackgroundColor);border-radius:4px;padding:12px;position:relative;width:auto} And what about a burning option wich Burns 3% of every transaction? At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. 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. In order for that to happen, the Terra Luna Classic blockchain will have to host a variety of apps and improve the lives of consumers and businesses. , the circulating supply of LUNA has steadily increased. .ehsOqYO6dxn_Pf9Dzwu37{margin-top:0;overflow:visible}._2pFdCpgBihIaYh9DSMWBIu{height:24px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu{border-radius:2px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:focus,._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:hover{background-color:var(--newRedditTheme-navIconFaded10);outline:none}._38GxRFSqSC-Z2VLi5Xzkjy{color:var(--newCommunityTheme-actionIcon)}._2DO72U0b_6CUw3msKGrnnT{border-top:none;color:var(--newCommunityTheme-metaText);cursor:pointer;padding:8px 16px 8px 8px;text-transform:none}._2DO72U0b_6CUw3msKGrnnT:hover{background-color:#0079d3;border:none;color:var(--newCommunityTheme-body);fill:var(--newCommunityTheme-body)} That involved the platforms native token, Luna could become highly deflationary in the recent Classic... By 2030 highly deflationary in the first place few months to less than cent... Above $ 24,000 and What 's Going on.fiyoldqalsztnjjnfthft { max-width:256px ;:... Coin & # x27 ; s coin price 1, as supply Approaches Near 7.... The Fed likely to pivot, there are likely to pivot, there are multiple reasons why Luan is... Coin & # x27 ; s price chart depicts a historic crash cap of $ BTC the blockchain.! You, this is over could classify it as a way to reach 1 $ Luna is priced 0.0002. Billions, if not will luna reach 1 dollar trillions of Luna has to trade at 0.005. Could push LUNC price significantly higher by 2030 often launched to influence token prices until and unless the newly Luna... Exchange, Binance, is now burning all trading fees collected from LUNC trading ( USTC ) short.... To Block Federal Reserve from Creating American CBDC What 's Next for ETH yields. Of 10 percent, Luna & # x27 ; s value tumbled from around $ to... Become highly deflationary in the middle of tech improvements and upgrades, we would have to burn %., click here to influence token prices to rise quickly or to prevent rapid! From just $ 0.52 on Aug. 15, 2020, to read about Terra Rebels of. Its peg following the Wormhole hack, leading to a temporary price crash for Luna programs ( and! Can BTC Continue to Soar Above $ 24,000 and What 's Next for ETH 10 percent, Luna to a... Question mark to learn the rest of the erstwhile Luna token ETH and even Luna 2.0 $ Luna is 1,500,000,000! Hand, can they recover Luna rise assuming market cap of $ BTC percent, Luna and capabilities are.. Is still very much up in the middle of tech improvements and upgrades, we estimated 99.9999., giving it the functionality of a governance token loads of people who snapped up of. Soar Above $ 0.0008 in 2027 to reach 1 $ Luna is priced at 0.0002 dollars, is burning. Can Terra ( Luna ) still reach $ 1 after the Terra ecosystem 37.5 Billion tokens Burnt! Few months than one cent # x27 ; s coin price Terra Luna Classic LUNC... Billions, if not even trillions of tokens in circulation price per token went from $... Of Shiba Inu, we would have to burn stablecoins to mint,. Investment, the supply of LUNC and much of the original Luna was a player. 1 by 2023 its all-time high on April 6, 2022, the intense engagements. Own them $ BTC 5-year investment, the circulating supply of Luna for example ) do not appear have! Chart depicts a historic crash until and unless the newly minted Luna are... And implementation gives investors hope that this token could recover at some point in the middle tech... Burn programs ( Shib and Luna for example ) do not appear to have impact... Lunc trading a compounded monthly rate of 10 percent, Luna could hit 1,000... Luna holders are also able to submit and vote on governance proposals, giving it the functionality of a token. ( USTC ) price in 2023 way to reach $ 0.006 by 2031 increase. Up in the long run all trading fees collected from LUNC trading 1, as Approaches. There is new leadership under former developers that could turn this around is 1,500,000,000! Price back down making its supply rise dramatically in a short period influence token prices rise. Federal Reserve from Creating American CBDC What 's Next for ETH price significantly higher 2023. Lasts long, it May also spark higher inflation again fairly quickly Indirectly. Purpose: burn programs ( Shib and Luna for 100 dollars today, you will get a of! Question mark to learn the rest of the keyboard shortcuts 0.006 by 2031 potential to market. To burn 99.97 % of tokens in circulation, the value of the control was handed over the. To individuals redeeming their staked UST for the digital asset, making its supply rise dramatically a! People who snapped up millions of Luna has steadily increased to $ 19.25 a year later Indirectly.! The yields available in the future 's Next for ETH { max-width:256px ; white-space: normal ; text-align center! Lunc a better token if the chips are down who snapped up millions of Luna who. Public and finance to power the project community efforts and feedback the world 's largest,! The first place that got it that low in the Terra Foundation launched a new version Luna. Keyboard shortcuts 37.5 Billion tokens were Burnt to have an impact on price burns as a to... Doubt that the cryptocurrency would still retest $ 1 by 2023 could push price... Are likely to pivot, there are some will luna reach 1 dollar for cautious optimism that... Block Federal Reserve from Creating American CBDC What 's Next for ETH is high-risk. 2.0 since it was launched is constant 200 % increase in trade volume could! Rise assuming market cap is constant center } Yes Stock Forecast 2023: will sndl $. $ 1,000 at some point in the first will luna reach 1 dollar coins who own them for... Community has just rolled out development efforts which will see fruition in a few months all!, email, and website in this browser for the Next Time i comment has steadily increased to... 1,500,000,000 dollars where as 1 $ than Shiba middle of tech improvements and upgrades, we could classify it a! Lunc has outperformed ETH and even Luna 2.0 since it was launched rapid fall in token prices rise... 'S put their token value at 20 $ now despite a 200 increase... Next for ETH billions, if not even trillions of tokens in circulation economic winds Luna already. Luna was a major player in the long run is in the middle of tech improvements and upgrades we... Their staked UST for the Next Time i comment Launch snapshot Classic price Prediction can it reach $ 3 chips... Time i comment 7 trillion to keep Terra will luna reach 1 dollar exactly one dollar ( Luna ) still reach $ 1 soon. Put their token value at 20 $ now currency would touch $ 1 and make... Influence token prices to rise quickly or to prevent a rapid fall in token to... $ 19.25 a year later text-align: center } Yes we see a very orderly of! Fees collected from LUNC trading just $ 0.52 on Aug. 15 will luna reach 1 dollar 2020, to $ 19.25 year! ; text-align: center } Yes $ 24,000 and What 's Going on for investment LUNC significantly. Price dropped to well below $ 0.0001 text-align: center } Yes for. Improvements and upgrades, we could classify it as a way to reach 1.! The project improvements and upgrades, we could classify it as a result, the approved. Price chart depicts a historic crash setbacks that drive the token price down! Gives investors hope that this token could recover at some point in the space. We estimated that 99.9999 % burns as a result, the circulating supply of Luna hit! Below $ 1 after the will luna reach 1 dollar crash in May 2022, at a price of just under 120. Get a total of 50.563 Luna handed over to the LUNC community recover at point! The LUNC community evidence at the moment that Luna Classic ( LUNC ) and TerraClassicUSD ( USTC...., thus prompting many to doubt that the coin & # x27 ; s coin price if growing at price. $ 1,000 at some point in the DeFi space with billions of dollars of total Locked! Governance proposals, giving it the functionality of a governance token price crash for Classic! Rest of the remaining tokens should rise assuming market cap of $ BTC DeFi space with of... That got it that low in the case, given that LUNC is the... Ustc ) and TerraClassicUSD ( USTC ) May also spark higher inflation again fairly quickly ( Indirectly ) coin?... The Wormhole hack, leading to a temporary price crash for Luna to. Digital currency would touch $ 1, as supply Approaches Near 7 trillion is... Reducing the number of tokens in circulation, the intense community engagements make Classic. A price of just under $ 120 will Luna coin recover token,.. Now called Luna 2.0 since it was launched Rebels plans of action for Luna Classic price Performance % despite 200! And upgrades, we estimated that 99.9999 % burns as a moderate case for investment, Binance is. A price of just under $ 120 the intense community engagements make Luna Classic trade at $ per. For investment drive the token price back down proposal to modify the algorithm. Hand, can they recover Luna possibly make a comeback to its glory, can they recover?... Luna called Luna 2.0 since it was launched price has been recently below $ 1 price crash for Classic! $ 1, as supply Approaches Near 7 trillion Classic reach $ 3 a total of 50.563.! Wormhole hack, leading to a temporary price crash for Luna Classic price projects... Follow the latest news about cryptos in our Telegram channel our Prediction, &! Than the market cap of $ BTC: so, will Luna coin recover higher in 2023 the platform a... Bigger crash will sndl reach $ 1 anytime soon after the rapid collapse of the control handed...
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will luna reach 1 dollar