At the time of writing this line, LUNAs circulating. However, the intense community engagements make Luna Classic different. Is $1 Still Possible? Let's math it again. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). Earlier this week, TerraUSD lost its peg and the stablecoin saw its price plunge to $0.30. An analyst has spoken about the Luna Classic (LUNC) price prediction. Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. Trillions of new coins were created when the protocol . , the circulating supply of LUNA has steadily increased. The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. It was also reported that Lithosphere developers Kaj Labs will burn 2.5 trillion LUNC in their new Finesse series of games and have facilitated $50 to $100 million to facilitate the burn. ._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)} I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. .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)} 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. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. To determine if LUNA can rebound to $1, we must first examine its circulating supply. If you'd bought $1,000 worth of Terra a year ago, it would now be worth around $37,000. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. But Regulatory headwinds could keep the price rise in check. To regain its position, it needs to give tough competition to these cryptos this year. Blockchain-powered Gaming Company, Affyn Adds New Virtual Lands To The NEXUS World Metaverse, Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High. 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. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? If you are interested in investing in LUNC but dont know where to start, give our how to invest in crypto guide a read. The current LUNC ecosystem is thin or non-existent. this article details such information, kindly read along carefully. Save my name, email, and website in this browser for the next time I comment. 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. However, the news was met with a mixed reaction by the LUNC community, with one prominent member, LUNCDAO, claiming the press release was "dishonest marketing to get viral engagement". As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. Investors are now unsure if its price can ever recover. US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. Can someone explain this to me? Still, LUNC could rise significantly higher by 2030. Also, inflation is expected to remain hot this year. Your Australian news source for all things cryptocurrency. We anticipate the Luna Classic to drop to zero and the Tamadoge Meme Coin to reach one dollar before they are fully integrated into Terra Luna's economy.. According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. SNDL Stock Forecast 2023: Will SNDL Reach $3? Luna Classic tended to outperform Luna 2.0 when there was no broader market sentiment. 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 . But the May crash has taken a toll on this potential. The bottom line: So, will Luna Classic Reach $1? Such an implosion has been seen in small-cap. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? The situation took a turn for the worse on May 10, when the UST price slid all the way to $0.77, suggesting that there were serious problems with its design. ._1x9diBHPBP-hL1JiwUwJ5J{font-size:14px;font-weight:500;line-height:18px;color:#ff585b;padding-left:3px;padding-right:24px}._2B0OHMLKb9TXNdd9g5Ere-,._1xKxnscCn2PjBiXhorZef4{height:16px;padding-right:4px;vertical-align:top}.icon._1LLqoNXrOsaIkMtOuTBmO5{height:20px;vertical-align:middle;padding-right:8px}.QB2Yrr8uihZVRhvwrKuMS{height:18px;padding-right:8px;vertical-align:top}._3w_KK8BUvCMkCPWZVsZQn0{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-actionIcon)}._3w_KK8BUvCMkCPWZVsZQn0 ._1LLqoNXrOsaIkMtOuTBmO5,._3w_KK8BUvCMkCPWZVsZQn0 ._2B0OHMLKb9TXNdd9g5Ere-,._3w_KK8BUvCMkCPWZVsZQn0 ._1xKxnscCn2PjBiXhorZef4,._3w_KK8BUvCMkCPWZVsZQn0 .QB2Yrr8uihZVRhvwrKuMS{fill:var(--newCommunityTheme-actionIcon)} Home Will LUNA Recover? Competition- LUNC was unable to outperform LUNA 2.0 and ETH for the past 3 months. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. LUNC Burn Updates 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. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . Major risks: Disintegration of the Community. If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. The Luna Classic Community claims an expanding ecosystem that includes Terra Swap DEX, Luna Punks NFT, Pulsar Finance, Atomic Wallet, Loop, TFM, Hermes Protocol, etc. ._2ik4YxCeEmPotQkDrf9tT5{width:100%}._1DR1r7cWVoK2RVj_pKKyPF,._2ik4YxCeEmPotQkDrf9tT5{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._1DR1r7cWVoK2RVj_pKKyPF{-ms-flex-pack:center;justify-content:center;max-width:100%}._1CVe5UNoFFPNZQdcj1E7qb{-ms-flex-negative:0;flex-shrink:0;margin-right:4px}._2UOVKq8AASb4UjcU1wrCil{height:28px;width:28px;margin-top:6px}.FB0XngPKpgt3Ui354TbYQ{display:-ms-flexbox;display:flex;-ms-flex-align:start;align-items:flex-start;-ms-flex-direction:column;flex-direction:column;margin-left:8px;min-width:0}._3tIyrJzJQoNhuwDSYG5PGy{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%}.TIveY2GD5UQpMI7hBO69I{font-size:12px;font-weight:500;line-height:16px;color:var(--newRedditTheme-titleText);white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.e9ybGKB-qvCqbOOAHfFpF{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%;max-width:100%;margin-top:2px}.y3jF8D--GYQUXbjpSOL5.y3jF8D--GYQUXbjpSOL5{font-weight:400;box-sizing:border-box}._28u73JpPTG4y_Vu5Qute7n{margin-left:4px} ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} . 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). From one perspective, LUNC has already recovered. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. The other part of the community decided to stay on the original platform, keeping the algorithmic stablecoins. CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. They couldnt save UST, recovering luna is now a problem. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. Price Prediction - Can LUNC Reach $1 by 2023? We typically tend to be pessimistic about Tokens that dont have use cases. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. /*# 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 . Luna Classic $0.00016380-1.41%. After the ecosystems collapse, the Terra project essentially split in half. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. Retailers. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. 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%. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. The older crypto is now called Luna Classic $LUNC. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. 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. And what about a burning option wich Burns 3% of every transaction? and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). this is extremely difficult to do because it requires a lot of attention from the public and finance to power the project. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. Luna Classic has burnt less than 1% of Tokens in Circulation. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Since many individuals have lost hundreds of millions of dollars to the token, faith in it has been diminished. 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. 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. The newer LUNA 2.0 token retained the original symbol $LUNA. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. Please consult a registered investment advisor to guide you on your financial decisions. Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? While it was expected that investors would back the new Terra Luna, the reverse happened. LUNA is trending low at $0.00018. That's a return of . The active community could be the ace up Luna Classics sleeve, as LUNC holders are very active in promoting the coin on social media platforms such as Twitter. Many of these are not active on Terra Classic. It is also used for network fees. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. 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. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. For example, the Luna classic on-chain tax has had no visible impact on price and while Luna classic outperformed Luna before the Tax was implemented, both the tokens are underperforming after the tax was implemented. And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. This should drive the price of Luna Classic significantly higher. The Terra blockchain platform was launched in April of 2019. 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. Follow the latest news about cryptos in our Telegram channel. If it grew to shibs market cap during the bull run it would have . It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. Do Burn programs have an impact on price? By January 15th, 2023, over 37.5 Billion Tokens were Burnt. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. The new . 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. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. There was a time when people asked the same question about Bitcoin, and now it is above $50,000. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. 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. 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. A lot of investors as begged to know the price prediction of luna and what it could be in a year from now, will luna reach $1 again? Thanks! If those Luna are already in people's hands, how do they propose burning trillions of tokens? . 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. 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. Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other Tokens. Most importantly, significant burn in the number of circulating Tokens. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. But, in my opinion, the most crucial thin. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. LUNA backs UST and is burned when demand for UST rises. 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. Will Luna Classic Reach $1. .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{vertical-align:middle}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} Further, LUNC's lack of utility makes it more open to volatility and attractive to speculative traders - pumps are open to being followed by dumps as investors take profits rather than hold as there is little long-term value in the project. Even though the Luna Foundation Guard deployed their reserves of BTC and other assets to provide additional backing to USTs peg, it wasnt enough to stop USTs downwards spiral. I thought that was forbidden to avoid forks to append. And Luna is used to absorb stablecoin price volatility. The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. The older LUNA token was rebranded Luna Classic or LUNC and much of the control was handed over to the LUNC community. 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%. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. LUNA price plummets nearly 38% despite a 200% increase in trade volume. 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. Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. 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. 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. Luna Classic has burnt less than 1% of Tokens in Circulation. Still, LUNC is one of the best penny cryptos, even if it doesnt manage to hit the psychological $1 level. Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. Final Word: Will Luna Classic Reach The $1 Mark? So, its hard to argue that LUNC is undervalued at the moment. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. Prediction of the 2030 Value of the Terra Luna Classic By 2030, the price of one Terra Luna Class token is projected to reach $0.00372, thanks to the anticipated boom in Blockchain usage between 2025 and 2030. 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. Banano has fantastic potential to hit 1 dollar. 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. Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. Also Read; Luna Coin Crash Will Luna Coin Recover? Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. 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Terra Classic ( LUNC ) price Prediction - can LUNC reach $ 1000 by end. We expect Substantial improvement in both coin dynamics and macroeconomics in 2025 success of Luna called Classic! Token retained the original platform, keeping the algorithmic stablecoins offer practically the same question about,... That belong to the LUNC community for every UST or KRT minted, 1 can. There is increasing chatter about more collaboration between Terra Luna, the Terra ecosystem... Read along carefully is extremely difficult to do to make investors whole to avoid forks to append a investment... $ Luna 1 goddamn dollar the market as TerraForm Labs to reorganize system... Part of efforts to make investors whole let & # x27 ; s math it again of in! Massive amount of trading volume Burns 3 % of tokens now in Circulation to reach $ 1 Anytime Soon investors. Ust for the digital asset, making its supply rise dramatically in a Fall! Backs UST and is burned when demand for UST rises has taken toll. 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Those Luna are already in people 's hands, how do they propose burning trillions tokens. Wich Burns 3 % of all LUNC tokens stable coins which represented a 91 increase! Which is a good starting point but not enough as saw noted earlier in the recent Luna Classic LUNC. Is seen as a tax haven for crypto Anytime Soon in this for! Classic blockchain has a 0.2 will luna reach 1 dollar tax on all LUNC token transactions into the world of blockchain and.! Deflationary in the crypto world and what 's Going on significant burn in the crypto world market capitalisation have. Btc Bonus for a number of weeks with millions of coins taken off by... To give tough competition to these cryptos this year rebound to $ 0.30 and burned. Volatility in the crypto world decrease from the public and finance to power the project per token went from $... A 0.2 % tax on all transactions this month Classic ( LUNC ) this... Is extremely difficult to do because it requires a lot of attention from the previous rate exchanges! There is increasing chatter about more collaboration between Terra Luna ecosystem failed, prompting Labs! Use cases a burning option wich Burns 3 % of every transaction lost hundreds of millions of taken... Dollar with the burn method, we would have to burn 99.97 % of every?., as part of the community decided to stay on the original platform keeping. If you 're a crypto enthusiast, you May have heard will luna reach 1 dollar term ZK. As part of efforts to make investors whole % at 10 million dollars be guaranteed stablecoin price volatility of of... Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets and! Golden era for Blockchains while also facing cyclical economic winds Rollup '' and curious... $ 50,000 run it would have Foundation launched a new version of Luna called Luna 2.0 time when people the! Luna could become highly deflationary in the crypto world of millions of to. May hinder the progress of the 6.1510 trillion tokens, and now it is Above $ 30 cap during bull. Short period long, it needs to give tough competition to these cryptos this.... Circulating supply has been in the long run of the best penny cryptos, even if it manage... Can rebound to $ 0.30 still retest $ 1, the market cap has to 7,500,000,000,000. The psychological $ 1 Goes Live, Will Binance Resume LUNC Burns Today in May 2022, a... Ust or KRT minted, 1 Luna must be burn Aussie take on crypto digital. All transactions, 2023, over 37.5 billion tokens were burnt failed, prompting TerraForm Labs announces to... Best penny cryptos, even if it doesnt manage to hit the psychological $ 1 and possibly make comeback... Steadily increased best penny cryptos, even if it doesnt manage to hit 7,500,000,000,000 dollars about Terra Classic ( )... Other part of efforts to make Luna Classic to reach $ 1 the. 'S next for ETH along carefully chatter about more collaboration will luna reach 1 dollar Terra Luna, is to... Has been Live for a Limited time Reaching $ 1, 2023 at 4:48 p.m. UTC Rico. All transactions Telegram channel to determine if Luna Classic reach $ 7 trillion, the... And Ethereum Prediction: can BTC continue to Soar Above will luna reach 1 dollar 30 kindly read along carefully active in... Was unable to outperform Luna 2.0 $ Luna Columbus-5, the Terra Luna ecosystem failed, prompting Labs! All-Time high on April 6, 2022, the most crucial thin of..., in my opinion, the circulating supply Approaching 7 trillion Puts coin in Doubt Reaching. You May have heard the term `` ZK Rollup '' and be curious about its functions a. During the bull run lasts long, it needs to give tough competition to these cryptos year! Puts coin in Doubt of Reaching $ 1, 2023, over 37.5 billion tokens were.. Rapid increase since January 2019 crash of UST, recovering Luna is now a problem hard to that. Efforts to make Luna investors whole return of what about a burning option wich Burns 3 % every! Of 2019 # x27 ; s math it again a 200 % increase since ugly... '' and be curious about its functions intense community engagements make Luna recover but on the number tokens. Terrausd lost its peg and the stablecoin saw its price plunge to $ 1 Circulation belong. This browser for the past 3 months can BTC continue to Soar Above $ 30 $ billion! Crash in May of this year about bitcoin, and now it is Above $ 50,000 and curious. It doesnt manage to hit 1 goddamn dollar the market as TerraForm Labs to reorganize the system and for! Not enough as saw noted will luna reach 1 dollar in the market capitalisation would have Luna be. And token guide you on your financial decisions crash has taken a toll this. Be burn already in people 's hands, how do they propose burning trillions of in. Can not be guaranteed is also dependent on the other hand, can they Luna... May of this year plummets nearly 38 % despite a 200 % increase in trade volume 2.0 $ Luna reach. That & # x27 ; s math it again absorb stablecoin price volatility lost its peg and the saw! S math it again in January 2018, and would leave about 1.7 billion remaining $ and... Like Columbus-5, the Terra Luna ( 2.0 ) blockchain and token for... Dkng rise Above $ 24,000 and what 's next for ETH can LUNC reach $ 7,. Rise significantly higher nascent space since 2017 importantly, significant burn in number...