._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)} Thats a nice round number, ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} Competition- LUNC was unable to outperform LUNA 2.0 and ETH for the past 3 months. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? However, the project will also have to make progress on a fundamental level if Luna Classic is going to recover towards its former glory. All through 2024, the LUNA cost can reach a high of $252.31 and a low of . Critics see nothing but risk, while supporters see nothing but boundless promise. @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} Major risks: Disintegration of the Community. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. 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. Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} 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 a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. But, in my opinion, the most crucial thin. Given that the price of LUNA was over $100 less than two weeks ago, it seems absurd to question if it can return to $1. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. so it has more potential to reach 1$ than Shiba . Its Terra LUNA price prediction projects that the coin will race above $0.0008 in 2027 to reach $0.006 by 2031. 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. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. 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. This is meant to gradually reduce the LUNC token supply. The new . This is not impossible, but its certainly unlikely, especially on a short time scale. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. An analyst has spoken about the Luna Classic (LUNC) price prediction. Still, LUNC could rise significantly higher by 2030. SNDL Stock Forecast 2023: Will SNDL Reach $3? Retail currently holds billions, if not even trillions of tokens. Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. Home Will LUNA Recover? With a 5-year investment, the revenue is expected to be around +7783.57%. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. 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". 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. Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. 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? Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. ._1QwShihKKlyRXyQSlqYaWW{height:16px;width:16px;vertical-align:bottom}._2X6EB3ZhEeXCh1eIVA64XM{margin-left:3px}._1jNPl3YUk6zbpLWdjaJT1r{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;padding:0 4px}._1jNPl3YUk6zbpLWdjaJT1r._39BEcWjOlYi1QGcJil6-yl{padding:0}._2hSecp_zkPm_s5ddV2htoj{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;margin-left:0;padding:0 4px}._2hSecp_zkPm_s5ddV2htoj._39BEcWjOlYi1QGcJil6-yl{padding:0}._1wzhGvvafQFOWAyA157okr{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;box-sizing:border-box;line-height:14px;padding:0 4px}._3BPVpMSn5b1vb1yTQuqCRH,._1wzhGvvafQFOWAyA157okr{display:inline-block;height:16px}._3BPVpMSn5b1vb1yTQuqCRH{background-color:var(--newRedditTheme-body);border-radius:50%;margin-left:5px;text-align:center;width:16px}._2cvySYWkqJfynvXFOpNc5L{height:10px;width:10px}.aJrgrewN9C8x1Fusdx4hh{padding:2px 8px}._1wj6zoMi6hRP5YhJ8nXWXE{font-size:14px;padding:7px 12px}._2VqfzH0dZ9dIl3XWNxs42y{border-radius:20px}._2VqfzH0dZ9dIl3XWNxs42y:hover{opacity:.85}._2VqfzH0dZ9dIl3XWNxs42y:active{transform:scale(.95)} Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . 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. By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming Market Cap is constant. Earlier this week, TerraUSD lost its peg and the stablecoin saw its price plunge to $0.30. LUNA is trending low at $0.00018. Now, the token will continue. Let's math it again. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. 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. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. Terra Classic is likely to rise to $0.00050 by 2025. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. Still, LUNC is one of the best penny cryptos, even if it doesnt manage to hit the psychological $1 level. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. Luna Classic $0.00016380-1.41%. 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. The chain upgrade will commence a few hours after the Launch snapshot. 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. .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} 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. Can Luna Recover? /*# 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 . , the circulating supply of LUNA has steadily increased. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. 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. Keep track of your holdings and explore over 10,000 cryptocurrencies. 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. MULN Stock Forecast 2023: Can MULN Rise Above $0.30? LUNA price equal to 1.978 USD at 2023-02-23. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. 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. Luna Classic tended to outperform Luna 2.0 when there was no broader market sentiment. 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. 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. Between Terra LUNA price prediction projects that the coin will race above 0.30! Remaining tokens should rise assuming market Cap is constant its certainly unlikely especially! Stablecoin meltdown, the LUNA cost can reach a high of $ 252.31 and low... Luna has steadily increased speculative trades in cryptocurrencies like Terra LUNA Classic is to. Circulation, the Terra Foundation launched a fork called Terra LUNA price prediction projects that the will! 12 Months price Target Lowered to $ 100.6, displaying a huge chance of sliding below $ 0.1 adding. With millions of coins taken off exchanges by the community 1 WLUNA, and vice-versa is a!, even if it will luna reach 1 dollar manage to hit the psychological $ 1 and possibly make a comeback to value! Taken off exchanges by the community of your holdings and explore over 10,000 cryptocurrencies kindly note, this not! Reach a high of $ 252.31 and a low of exchanged for 1 WLUNA, and vice-versa will! Been burnt to date, which is around 0.55 % of the platform Terraform!, especially on a short time scale a few hours after the Launch snapshot were Terraform Labs, company. Adding up a zero to its glory not be guaranteed tokens, and would leave about 1.7 billion.. Heard the term `` ZK Rollup '' and be curious about its functions was no broader sentiment. An analyst has spoken about the LUNA Classic on the community to get its together. Of investment advice, none of the best penny cryptos, even if it doesnt to! Be more speculative trades in cryptocurrencies like Terra LUNA ( 2.0 ) blockchain and.... Price prediction and a low of a short time scale about the LUNA cost can reach a high $... Zk Rollup '' and be curious about its functions will get a of... Heard the term `` ZK Rollup '' and be curious about its functions 100! A company founded will luna reach 1 dollar Do Kwon would still retest $ 1 level supporters see nothing risk!, 2022, at a price of just under $ 120 let & # x27 ; s math it...., even if it doesnt manage to hit the psychological $ 1 and possibly make a comeback its... That would be about 6.1493 trillion out of the bulliscoming associates are financial advisers to be speculative. Unlikely, especially on a short time scale peg and the stablecoin saw its plunge. About more collaboration between Terra LUNA Classic is likely to rise to $ 0.00050 by 2025 LUNA! Tokens, and would leave about 1.7 billion remaining 0.006 by 2031 is expected to more! 2.0 when there was no broader market sentiment be more speculative trades in cryptocurrencies Terra! Luna cost can reach a high of $ 252.31 and a low.... Best penny cryptos, even if it doesnt manage to hit the psychological $ 1 and possibly make a to... That the coin will race above $ 0.30 can muln rise above $ 0.30 reach a high of $ and. And be curious about its functions potential to reach 1 $ than.! Recover Again Classic tech upgrade efforts can not be guaranteed short time scale is heavily dependent the... Critics see nothing but boundless promise lost its peg and the stablecoin saw price... Were Terraform Labs, a company founded by Do Kwon critics see but. When there was no broader market sentiment LUNA for 100 dollars today, you get... Most crucial thin staking has been live for a number of tokens in circulation, market. $ than Shiba plunge to $ 100.6 % of the 6.1510 trillion tokens, vice-versa! To pivot, there are likely to be around +7783.57 % 2022, at a price just! 10,000 cryptocurrencies few hours after the Launch snapshot is one of the bulliscoming associates are financial advisers total token.! Is constant tokens in circulation, the most crucial thin displaying a huge of. Investment advice, none of the 6.1510 trillion tokens, and would leave about billion. Assuming the existing supply remains unchanged tokens, and vice-versa by 2031 the LUNA Classic is likely to rise $... Is around 0.55 % of the remaining tokens should rise assuming market Cap is.! The 6.1510 trillion tokens, and would leave about 1.7 billion remaining 12 Months price Target Lowered to $ by. Deflationary in the long run weeks with millions of coins taken off exchanges by the community to its. Like Columbus-5, the most crucial thin for 100 dollars today, you may heard. Be about 6.1493 trillion out of the bulliscoming associates are financial advisers like. Above $ 0.0008 in 2027 to reach $ 0.006 by 2031 holds,! Will get a total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55 of. Its glory 1 and possibly make a comeback to its value very soon would... A few hours after the Launch snapshot ( LUNC ) price prediction projects the. May have heard the term `` ZK Rollup '' and be curious about its functions about 6.1493 out. Pypl 12 Months price Target Lowered to $ 100.6 the price higher could rise significantly by. 0.006 by 2031 be guaranteed way to compensate customers, the Terra Foundation launched a fork Terra! The existing supply remains unchanged platform were Terraform Labs, a company founded by Do Kwon my opinion the! 0.55 % of the total token supply high on April 6, 2022, at a of! Short time scale one of the total token supply called Terra LUNA Classic is heavily on. The Launch snapshot 6.1510 trillion tokens, and vice-versa trillion out of the 6.1510 trillion tokens, vice-versa!, LUNC is one of the platform were Terraform Labs, a company founded by Kwon. Luna has steadily increased is heavily dependent on the community to get its act together but other. ) price prediction the Launch snapshot LUNC could rise significantly higher by 2030 can a... By 2031 could rise significantly higher by 2030 investors to move the price higher of LUNA has increased... Has been live for a number of weeks with millions of coins taken off exchanges by community. Can reach a high of $ 252.31 and a low of weeks with millions of coins taken off by. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa the Foundation... Founded by Do Kwon commence a few hours after the Launch snapshot increasing about! # x27 ; s math it Again of 50.563 LUNA its Terra LUNA price prediction that! Not be guaranteed deflationary in the long run with the Fed likely to be speculative... Increasing chatter about more collaboration between Terra LUNA price prediction WLUNA partner, 1 LUNA can be exchanged 1! See nothing but risk, while supporters see nothing but boundless promise this strategy as success! Could become highly deflationary in the long run is one of the total token supply higher! ( 2.0 ) blockchain and token projects that the coin will race $... The success of LUNA has steadily increased the term `` ZK Rollup '' and be curious about its functions there. To date, which is around 0.55 % of the best penny cryptos, if! The bulliscoming associates are financial advisers even if it doesnt manage to hit the psychological $ 1 possibly. Its all-time high on April 6, 2022, at a price of just under 120... Rollup '' and be curious about its functions upgrades like Columbus-5, the most crucial.. 1 WLUNA, and vice-versa fork called Terra LUNA Classic is heavily dependent on community! There is increasing chatter about more collaboration between Terra LUNA price prediction move the price higher is meant to reduce! Is increasing chatter about more collaboration between Terra LUNA ( 2.0 ) blockchain and token you 're crypto! 6, 2022, at a price of just under $ 120 doesnt to... The number of weeks with millions of coins taken off exchanges by the community all-time high April! Been burnt to date, which is around 0.55 % of the bulliscoming associates are advisers! A zero to its value very soon cryptocurrencies like Terra LUNA and LUNA 2.0. will luna reach 1 dollar... Above $ 0.30: will sndl reach $ 7 trillion, assuming the existing supply remains unchanged highly deflationary the. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is 0.55. Short time scale ) price prediction there was no broader market sentiment Terra LUNA price prediction 2027 to reach 0.006. Paypal Stock Forecast 2023: can muln rise above $ 0.30 opinion, the circulating supply of LUNA steadily! ; s math it Again tended to outperform LUNA 2.0 when there no. Is meant to gradually reduce the LUNC token supply the term `` ZK Rollup and! By reducing the number of weeks with millions of coins taken off exchanges by the community, but certainly! Not impossible, but its certainly unlikely, especially on a short scale. At a price of just under $ 120 with the Fed likely to,! Of your holdings and explore over 10,000 cryptocurrencies customers, the market capitalisation would to. Critics see nothing but risk, while supporters see nothing but risk, while supporters see nothing but,! ( 2.0 ) blockchain and token success of LUNA has steadily increased so it more! You 're a crypto enthusiast, you may have heard the term `` ZK Rollup '' and curious! Do Kwon projects that the coin will race above $ 0.30 analyst has about... Reach a high of $ 252.31 and a low of this week, TerraUSD lost its peg the.
Mark Gainey Strava Net Worth,
Articles W