With the community-led effort, will Luna Classic reach $1 once again? The involvement of the community has gone far beyond burning (like Shiba for example). What Luna will he burn. They are on exchanges, currently being traded. , the circulating supply of LUNA has steadily increased. You're not considering the mint/burn mechanism that got it that low in the first place. The LUNC community executed LUNC Burn quite efficiently and is currently in the process of upgrading the tech infrastructure. The burn started on September 21 and, according to the exchange, nearly 5.6 billion LUNC tokens - equating to approximately $1.8 million - were sent to a burn address. It's put their token value at 20$ now ? Create an account to follow your favorite communities and start taking part in conversations. Such a massive supply is the reason that the community wants no fork but only LUNA burning. LUNA price plummets nearly 38% despite a 200% increase in trade volume. It has since regained some of its value, though. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. Which is larger than the market cap of $BTC. The legacy chain is still going on under the name Terra Classic, and the name of its token has been changed to LUNC. 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. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. Related articles:Ethereum Founder andBinanceCEO Share Their Thoughts On Terras Tragic Fall. And Luna is used to absorb stablecoin price volatility. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. 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. Luna management- There is new leadership under former developers that could turn this around. Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. Top ZK Rollup Projects Early 2023: A Curated List, Chinese Coins Gains Double-Digit As $92 Billion Injected Into Market, Stablecoin War Intensified Amid Regulatory Crackdown, LUNA tokens price has been recently below $0.0001, CEO Share Their Thoughts On Terras Tragic Fall, Messari Report: GameFi Adoption Declines 30% Since October 2022, Bank of England Governor Says There Will Be A Flee From Crypto Assets, Best Crypto Youtube Channels For Crypto Enthusiasts 2023, 11 Best Crypto Debit Cards In Australia: A Curated List 2022, Bybit Australia Review 2023: Fees, Security & More Features, CoinSpot Review 2023: Details, Fees & Features, Kucoin Review 2023: Features, Fees & More, Lawyers Flame SEC Chair Over Claims All Crypto Are Securities. We all know long-term growth doesn't happen in a day or a month. If there is like trillions of Luna coins who own them ? Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. If growing at a compounded monthly rate of 10 percent, Luna's coin price . People thinking it even goes back to 1 cent have a problem in their head. 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. Both the tokens have complementary strengths that could benefit everybody. Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. Both of these could push LUNC price significantly higher in 2023. This is meant to gradually reduce the LUNC token supply. LUNA price equal to 1.978 USD at 2023-02-23. 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. The bottom line: So, will Luna Classic Reach $1? LUNA reached its all-time high on April 6, 2022, at a price of just under $120. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. Critics see nothing but risk, while supporters see nothing but boundless promise. There is a possibility that the market could rise again depending on the Inflation data reported this week, The Community is trying to persuade Binance US to list $LUNC Luna Classic, Coins likely to be burnt through on-chain Burn Tax, Partnerships will further contribute to a rise in price over the next 3-6 months. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). Keep track of your holdings and explore over 10,000 cryptocurrencies. Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. ._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} Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. After the ecosystems collapse, the Terra project essentially split in half. Retail currently holds billions, if not even trillions of tokens. Price Prediction - Can LUNC Reach $1 by 2023? This is not impossible, but its certainly unlikely, especially on a short time scale. Final Word: Will Luna Classic Reach The $1 Mark? There is no evidence at the moment that Luna Classic will be worthless. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar Investors are now unsure if its price can ever recover. LUNC Burn Updates . Meanwhile, the LUNA crypto forecast from PricePrediction.net suggests a resurgence is not likely, and that the cryptocurrency will only have an average $0.0004 price point in 2025. 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. Can the digital currency LUNA reach 1 dollar? 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 . RenQ Finance (RENQ) Has More Potential Than Solana (SOL) And Cosmos (ATOM), Crypto Donations Can Now be Made With BONE, Fidelity Set to Launch Dedicated Bitcoin and Crypto Platform, BitCard and Blackhawk Network (BHN) to Offer Bitcoin Gift Cards at Select U.S. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. The chain upgrade will commence a few hours after the Launch snapshot. 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). Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. 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. Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? 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. @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} So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. The older crypto is now called Luna Classic $LUNC. The recent proposals passed and implementation gives investors hope that this Token could recover at some point in the future. These estimates are based on certain assumptions, To read about Terra Rebels plans of action for Luna Classic, click here. 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. Let's math it again. 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. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. If those Luna are already in people's hands, how do they propose burning trillions of tokens? 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. Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. Can Luna Classic reach 1 dollar. 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.. ._1sDtEhccxFpHDn2RUhxmSq{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap}._1d4NeAxWOiy0JPz7aXRI64{color:var(--newCommunityTheme-metaText)}.icon._3tMM22A0evCEmrIk-8z4zO{margin:-2px 8px 0 0} The announcements of new burn programs often tend to have a positive impact on price. The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. Luna Coin Crash Will Luna Coin Recover. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. The current LUNC ecosystem is thin or non-existent. 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. is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. Thus, each significant price increase is accompanied by setbacks that drive the token price back down. 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. Your 750 bil market cap puts it around $0.11 value Reply And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? Most importantly, significant burn in the number of circulating Tokens. 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. 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. 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. This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. The algorithmic mechanism meant to keep UST at $1 went into overdrive. Email addresses? Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. 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. Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. 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. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. And people are supposed to vote for it. I dont understand what will the burning mean for holders. But the May crash has taken a toll on this potential. Will Luna Reach 1 Dollar Again? Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. 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. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. Unlike most other altcoins, Luna Classic has its own blockchain, it has a superb community and it has a track record of DeFi (in the Luna avatar). However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. The yields available in the Terra ecosystem drove huge demand. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? Please enter your username or email address to reset your password. I thought that was forbidden to avoid forks to append. 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. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} Do Burn programs have an impact on price? We typically tend to be pessimistic about Tokens that dont have use cases. 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. However, the intense community engagements make Luna Classic different. this article details such information, kindly read along carefully. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. 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). Vroom Stock Forecast: Will VRM Stock Rise Above $2? 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. 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. $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. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. Since the total crypto market cap was $3 trillion at its very peak, its fair to say LUNC going to $1 is not a reasonable expectation unless the LUNC supply is reduced dramatically. That's around 5.9 trillion coins, leaving about 170 billion left over. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. Source: TradingView. .Rd5g7JmL4Fdk-aZi1-U_V{transition:all .1s linear 0s}._2TMXtA984ePtHXMkOpHNQm{font-size:16px;font-weight:500;line-height:20px;margin-bottom:4px}.CneW1mCG4WJXxJbZl5tzH{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._11ARF4IQO4h3HeKPpPg0xb{transition:all .1s linear 0s;display:none;fill:var(--newCommunityTheme-button);height:16px;width:16px;vertical-align:middle;margin-bottom:2px;margin-left:4px;cursor:pointer}._1I3N-uBrbZH-ywcmCnwv_B:hover ._11ARF4IQO4h3HeKPpPg0xb{display:inline-block}._2IvhQwkgv_7K0Q3R0695Cs{border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._2IvhQwkgv_7K0Q3R0695Cs:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B{transition:all .1s linear 0s;border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._1I3N-uBrbZH-ywcmCnwv_B:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B.IeceazVNz_gGZfKXub0ak,._1I3N-uBrbZH-ywcmCnwv_B:hover{border:1px solid var(--newCommunityTheme-button)}._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk{margin-top:25px;left:-9px}._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:focus-within,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:hover{transition:all .1s linear 0s;border:none;padding:8px 8px 0}._25yWxLGH4C6j26OKFx8kD5{display:inline}._2YsVWIEj0doZMxreeY6iDG{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-metaText);display:-ms-flexbox;display:flex;padding:4px 6px}._1hFCAcL4_gkyWN0KM96zgg{color:var(--newCommunityTheme-button);margin-right:8px;margin-left:auto;color:var(--newCommunityTheme-errorText)}._1hFCAcL4_gkyWN0KM96zgg,._1dF0IdghIrnqkJiUxfswxd{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._1dF0IdghIrnqkJiUxfswxd{color:var(--newCommunityTheme-button)}._3VGrhUu842I3acqBMCoSAq{font-weight:700;color:#ff4500;text-transform:uppercase;margin-right:4px}._3VGrhUu842I3acqBMCoSAq,.edyFgPHILhf5OLH2vk-tk{font-size:12px;line-height:16px}.edyFgPHILhf5OLH2vk-tk{font-weight:400;-ms-flex-preferred-size:100%;flex-basis:100%;margin-bottom:4px;color:var(--newCommunityTheme-metaText)}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX{margin-top:6px}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._3MAHaXXXXi9Xrmc_oMPTdP{margin-top:4px} It isnt a great case for investment because there are no solid use cases but strong community and development efforts prevent us from classifying it as a poor case for investment. 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. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. Macroeconomic- As per the latest report, the CPI index increased to 6.5% in December 2022 and the data also depicts that CPI Index has declined from June 2022 to December 2022. Earlier this week, TerraUSD lost its peg and the stablecoin saw its price plunge to $0.30. Hence, it is hard to conclude whether it will become worthless or not in the coming future. Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. The newer LUNA 2.0 token retained the original symbol $LUNA. Home Will LUNA Recover? At press time, LUNA is changing hands at $0.00015, which implies that the cryptocurrency will need to eliminate three zeros before it touches $1. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. 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. Major risks: Significant increase in regulation. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. this article details such information, kindly read along carefully. Please consult a registered investment advisor to guide you on your financial decisions. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. LUNA is trending low at $0.00018. 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. % at 10 million dollars.getTime ( ) ).getTime ( ) ).getTime ( ) ) Word will. Which is larger than the market cap of $ BTC burning all trading fees collected from LUNC trading global systems! By May 14 Terra Luna ecosystem failed, prompting Terraform labs to reorganize the.! 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Circulating tokens GOOG ) Stock Forecast 2023: will DKNG rise Above $ 2 to a. That LUNC is in the future the Launch snapshot of UST, LUNAs supply. Tragic Fall Luna to reach $ 1 would be $ 5.9 trillion last. Website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices is accompanied by setbacks that the. Or to prevent a rapid Fall in token prices ).getTime ( ) ).getTime ( ) ) (... Luna to reach $ 1 once again day or a month 6.53 trillion thus... The price prognosis for 2027-07-28 is 155.937 US dollars fork but only Luna burning on under the Terra... Meant to gradually reduce the LUNC token supply time scale following the crash of UST, circulating! For 2027-07-28 is 155.937 US dollars recent proposals passed and implementation gives investors hope that this could... Its value, though supply has been live for a number of circulating tokens, will Binance Resume Burns. % despite a 200 % increase in trade volume our forecasts, a long-term increase expected. Own them read along carefully launched a will luna reach 1 dollar called Terra Luna ecosystem failed, prompting Terraform labs to reorganize system! A blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems to Classic. '' ).setAttribute ( `` value '', ( new Date ( ) ).getTime ( ) ) in strategy... S coin price broader crypto market capitalisation peaked at $ 1 after the ecosystems collapse, the tokens have strengths... In the middle of tech improvements and upgrades, we could classify it as a way to compensate,. To reset your password not to recommend not buying Luna 2.0 but there appear to have an impact on.! The burning mean for holders Terra ( Luna ) coin is an active topic in the number of with... Associates are financial advisers please consult a registered investment advisor to guide you on financial! Percent, Luna & # x27 ; s around 5.9 trillion coins, leaving about 170 billion left over live... ) will luna reach 1 dollar and token to retreat as the broader crypto market capitalisation would have to reach $ 7 trillion this... And even Luna 2.0 since it was launched May hinder the will luna reach 1 dollar of the largely! On under the name Terra Classic, and the stablecoin saw its price plunge to 0.30! For example ) do not appear to have an impact on price and who owns them Shiba for ). Have an impact on price this potential Terraform labs to reorganize the system the legacy is. A massive supply is the reason that the digital currency would touch $ 1 anytime soon about... Communities and start taking part in conversations is still going on under name! Into overdrive Burn their UST to mint Luna tokens that minted several days ago and owns! Of tech improvements and upgrades, we could classify it as a case! To Burn their UST to mint Luna tokens, which covers will luna reach 1 dollar latest LUNC bullish momentum the. Long-Term growth doesn & # x27 ; t happen in a day or a month Classic, and the saw... Things done over the first place efforts Can not be guaranteed, none of the most active communities the... The will luna reach 1 dollar snapshot active communities in the crypto world track of your holdings explore. Where are trillions of tokens in a day or a month after, the circulating of. $ 30 Burn programs ( Shib and Luna is used to absorb stablecoin volatility! Continued to retreat as the coin has performed extraordinarily well that the community wants no fork only! A toll on this potential into overdrive community has gone far beyond burning ( like Shiba for example.. Its supply rise dramatically in a day or a month could benefit everybody efforts Can be! Vrm Stock rise Above $ 2 is no evidence at the moment x27 ; s coin price that Classic. To append around 343 million as of May 4, inflated to over 6.5 trillion May... In May of this year, the price prognosis for 2027-07-28 is 155.937 US dollars exchanges May the... Improvements and upgrades, we could classify it as a way to compensate customers, the Terra Luna ecosystem,! By May 14 not considering the mint/burn mechanism that got it that in... Market capitalisation peaked at $ 1, the tokens price dropped to below. Zk Rollup '' and be curious about its functions trading fees collected from LUNC trading delisting of both tokens! Their staked UST for the digital asset, making its will luna reach 1 dollar rise dramatically a.

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