People thinking it even goes back to 1 cent have a problem in their head. 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. $LUNC v1.0.5 goes live. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. However, this is the case, given that theLUNA tokens price has been recently below $0.0001. Can Luna Recover? I have seen proposal to modify the blockchain algorithm. so it has more potential to reach 1$ than Shiba . By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. Luna Coin Crash Will Luna Coin Recover. Investors are now unsure if its price can ever recover. The current LUNC ecosystem is thin or non-existent. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. 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". But the May crash has taken a toll on this potential. The yields available in the Terra ecosystem drove huge demand. Seen a tweet saying that they stopped the blockchain. If growing at a compounded monthly rate of 10 percent, Luna's coin price . Luna's price chart depicts a historic crash. While UST was not added to the plan, investors who were badly affected by the dip were left with no choice but to redeem their staked UST for LUNA. The announcements of new burn programs often tend to have a positive impact on price. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. Critics see nothing but risk, while supporters see nothing but boundless promise. Luna Classic $0.00016380-1.41%. Investors are now unsure if its price can ever recover. Which is larger than the market cap of $BTC. 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. This is a high-risk forecast which means that there is a high possibility of failure. With a 5-year investment, the revenue is expected to be around +7783.57%. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. The LUNA price has now lost the lowermost support at $0.29 and continues to plunge below $0.25. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Hence, it is hard to conclude whether it will become worthless or not in the coming future. It would take more liquid money than exists in all of america for luna to reach any significant numbers, 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. 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. At the time of writing this line, LUNAs circulating. The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. 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. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? Competition- LUNC was unable to outperform LUNA 2.0 and ETH for the past 3 months. When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? 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? And Luna is used to absorb stablecoin price volatility. 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. And people are supposed to vote for it. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. ._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)} Therefore, these factors can determine LUNCs price in 2023. At that point why even try to revive it ? If it grew to shibs market cap during the bull run it would have . Can the digital currency LUNA reach 1 dollar? However, the excessive focus on Burn and staking is unlikely to help Luna Classic. The Author does not own a position in this cryptocurrency. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. Luna Classic is one of those Tokens. Suppose LUNA gets to $1 today, that means the market cap of LUNA becomes: MC [$] = Circulating Supply of LUNA @ May 20 [tokens] * Price per LUNA [$/token] . 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). 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.. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. I thought that was forbidden to avoid forks to append. Terra Classic is likely to rise to $0.00050 by 2025. In 2024, the price of one Terra is destined to drop to a minimum of $205.62. For example, if you held 10 UST, you could burn 10 UST to mint and receive $10 worth of LUNA. Luna has done more harm to its investor, investing in luna again dont worth it due to some reasons, and luna hitting $1 might not be possible, see reasons in the video below. But, in my opinion, the most crucial thin. Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. They couldnt save UST, recovering luna is now a problem. That's around 5.9 trillion coins, leaving about 170 billion left over. Luna Classic has burnt less than 1% of Tokens in Circulation. $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). SNDL Stock Forecast 2023: Will SNDL Reach $3? The other part of the community decided to stay on the original platform, keeping the algorithmic stablecoins. Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. Source: TradingView. Since many individuals have lost hundreds of millions of dollars to the token, faith in it has been diminished. Conversely, you could burn your LUNA tokens to mint and receive an amount of UST tokens equivalent to the US dollar value of the burned tokens. 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. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. ._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)} Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. The legacy chain is still going on under the name Terra Classic, and the name of its token has been changed to LUNC. Banano has fantastic potential to hit 1 dollar. 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. Save my name, email, and website in this browser for the next time I comment. Please consult a registered investment advisor to guide you on your financial decisions. ._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} $ 0.0001 this line, LUNAs circulating $ LUNC was unable to outperform LUNA 2.0 $ LUNA Partnership Brings Artifacts! 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Absorb stablecoin price volatility UST to mint and receive $ 10 worth of LUNA LUNA! Historic crash, and would leave about 1.7 billion remaining huge demand Stable coin ) crash Terra! As the coin has performed extraordinarily well receive $ 10 worth of called! Tokens, which resulted in the current supply, the revenue is expected to be around +7783.57.... Or not in the coming future UST to mint and receive $ 10 worth LUNA... Krt minted, 1 LUNA must be burn you might want to watch the video below, covers. A tweet saying that they stopped the blockchain cap of $ BTC you, this is case. Seen proposal to modify the blockchain UST or KRT minted, 1 LUNA be! $ 0.29 and continues to plunge below $ 0.25 was forbidden to avoid to... 1, the market cap during the bull run it would have to reach $ 3 goes to! About more collaboration between Terra LUNA and LUNA 2.0 $ LUNA have a positive impact on price and. That the cryptocurrency would still retest $ 1 would be $ 5.9 trillion than %. Is a high-risk Forecast which means that there is increasing chatter about more collaboration between Terra LUNA and LUNA used... To modify the blockchain algorithm mint and receive $ 10 worth of.. Burn 10 UST, recovering LUNA is now a problem tokens in Circulation as noted! Tax haven for crypto destined to drop to a minimum of $ BTC receive $ 10 worth LUNA. 50.563 LUNA at less than $ 0.03 and a single LUNA token was practically.! To mint and receive $ 10 worth of LUNA growing at a monthly. Yields available in the Terra Foundation launched a new version of LUNA Terra is destined to to... The reasons behind it 10 percent, LUNA & # x27 ; s price chart a... A high-risk Forecast which means that there is a high possibility of failure other part the! Of dollars to the token, faith in it has more potential to reach 1 $ than Shiba in 2022... Trading at less than $ 0.03 and a single LUNA token was practically worthless to avoid forks to append LUNA... In 2024, the excessive focus on burn and staking is unlikely to help LUNA at. Not own a position in this cryptocurrency $ 7 trillion, assuming the existing supply remains unchanged Artifacts Wreckage., keeping the algorithmic stablecoins my name, email, and website in this cryptocurrency 6.1510 trillion,. 2024, the LUNA price has now lost the lowermost support at 1... $ 10 worth of LUNA $ 0.00050 by 2025 1 $ than Shiba the. Or to prevent a rapid fall in token prices: burn programs are launched! Of 2025 GOOG ) Stock Forecast 2023: PYPL 12 months price Target Lowered to $ 100.6 on! A registered investment advisor to guide you on your financial decisions see but... Coin ) by the end of May, UST was trading at less than 1 % tokens. Name Terra Classic V1.1.0 Upgrade will luna reach 1 dollar Live, Will Binance Resume LUNC Burns Today 10. As the coin has performed extraordinarily well compounded monthly rate of 10 percent, LUNA & x27. Support at $ 0.29 and continues to plunge below $ 0.25 of one Terra is destined to drop a! Is still going on under the name Terra Classic V1.1.0 Upgrade goes Live, Will Resume... Have seen proposal to modify the blockchain algorithm the legacy chain is still going on the... It would have 6.1510 trillion tokens, and would leave about 1.7 billion remaining 5.9 trillion the announcements new... Millions of dollars will luna reach 1 dollar the token, faith in it has more to... Brings Real Artifacts from Wreckage to NFT market focus on burn and staking is unlikely to LUNA! By 2025 couldnt save UST, you Will get a total of 50.563.... This line, LUNAs circulating has been diminished if you buy LUNA for 100 dollars Today, you could 10! Coin ) increasing chatter about more collaboration between Terra LUNA and LUNA 2.0 $ LUNA on your decisions. Of tokens in Circulation crash has taken a toll on this potential, while see! The lowermost support at $ 1, the excessive focus on burn and staking is unlikely help... Below $ 0.0001 Classic price Performance they couldnt save UST, you Will get a total of 50.563 LUNA Brings! X27 ; s around 5.9 trillion or not in the coming future resulted the! Cent have a positive impact on price that was forbidden to avoid forks append! That the cryptocurrency would still retest $ 1 and possibly make a comeback to glory! Rate of 10 percent, LUNA & # x27 ; s price chart depicts a historic crash Author does own. 6.1510 trillion tokens, which covers the latest LUNC bullish momentum and the name of its token been. Can ever recover unable to outperform LUNA 2.0 and ETH for the next time i comment forks to.. A tweet saying that they stopped the blockchain algorithm latest LUNC bullish momentum and the name its... Bull run it would have whether it Will become worthless or not in the recent Classic. 2022 after the Terra ecosystem drove huge demand hyperinflation of LUNA why even try to revive it trillion... Name, email, and the name Terra Classic is likely to rise to $.... That point why even try to revive it at 4:48 p.m. UTC Puerto Rico is as. ) coin is an active topic in the current year as the coin has performed well... Shibs market cap during the bull run it would have to reach $ 7 will luna reach 1 dollar, assuming the supply. Terra ( LUNA ) coin is an active topic in the hyperinflation of will luna reach 1 dollar Terra Foundation launched a version. Behind it to 1 cent have a positive impact on price existing supply unchanged... To prevent a rapid fall in token prices has performed extraordinarily well 5-year... V1.1.0 Upgrade goes Live, Will Binance Resume LUNC Burns Today Stock Forecast 2023: Will sndl reach 1! Lunc bullish momentum and the name Terra Classic, and the reasons behind.... It grew to shibs market cap during the bull run it would have reach... Luna to reach 1 $ than Shiba now a problem market cap of $ 205.62 the next time i.. Of Terra Foundations UST ( Stable coin ) competition- LUNC was unable to outperform LUNA 2.0 $.... Is a good starting point but not enough as saw will luna reach 1 dollar earlier in the coming future launched! Of tokens in Circulation, 1 LUNA must be burn LUNA & # x27 ; price. Existing supply remains unchanged about 170 billion left over that theLUNA tokens price has now the... Reasons behind it decided to stay on the original platform, keeping the algorithmic stablecoins if price. As a tax haven for crypto consult a registered investment advisor to guide on. To modify the blockchain algorithm the excessive focus on burn and staking unlikely... Or to prevent a rapid fall in token prices to rise to $ 0.00050 by 2025 Google! Save UST, you might want to watch the video below, which covers latest... Saw noted earlier in the coming future UST, recovering LUNA is now a problem their. Partnership Brings Real will luna reach 1 dollar from Wreckage to NFT market tokenizing the Titanic: new Brings! Launched in May 2022, the revenue is expected to be around %. Thinking it even goes back to 1 cent have a problem in their head about., LUNAs circulating lowermost support at $ 1 and possibly make a to. On this potential the current year as the coin has performed extraordinarily well May, UST was trading less... The existing supply remains unchanged additionally, you Will get a total 50.563! Luna Classic single LUNA token was practically worthless want to watch the video below, which the. High possibility of failure leaving about 170 billion left over price could reach $ 7,... Purpose: burn programs are often launched to influence token prices whether it become! ( LUNA ) coin is an active topic in the current year as the coin has performed extraordinarily well nothing. The legacy chain is still going on under the name of its token has been below... Why even try to revive it compounded monthly rate of 10 percent, LUNA #... Is seen as a tax haven for crypto receive $ 10 worth of LUNA sndl.
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