will luna reach 1 dollar

The platform revolved around algorithmic stablecoins pegged to various fiat currencies. Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. 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. That's why the massive burn is pure hopium. SNDL Stock Forecast 2023: Will SNDL Reach $3? 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. The LUNA price has now lost the lowermost support at $0.29 and continues to plunge below $0.25. Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. If Luna is only gaining a compounded 5 percent per month, it will need two years to reach $100 from the current price. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. 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. I dont understand what will the burning mean for holders. Luna Classic $0.00016380-1.41%. 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). The recent proposals passed and implementation gives investors hope that this Token could recover at some point in the future. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? MULN Stock Forecast 2023: Can MULN Rise Above $0.30? To determine if LUNA can rebound to $1, we must first examine its circulating supply. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. Earlier this week, TerraUSD lost its peg and the stablecoin saw its price plunge to $0.30. Use Cases: Luna Classic has some use cases but there arent too many apps being developed on Terra Classic the blockchain, Top projects (That are active) on Terra Classic include Terra Swap, Metagloria NFT, Eris Protocol, Terra Rebels Moonshot, P2P Lunc Dispute. 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. Such a massive supply is the reason that the community wants no fork but only LUNA burning. this article details such information, kindly read along carefully. 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? Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. Most importantly, significant burn in the number of circulating Tokens. 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. All through 2024, the LUNA cost can reach a high of $252.31 and a low of . 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. Source: TradingView. LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. 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. 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. Create an account to follow your favorite communities and start taking part in conversations. Hence, it is hard to conclude whether it will become worthless or not in the coming future. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. 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. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. 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. Luna Classic tended to outperform Luna 2.0 when there was no broader market sentiment. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. 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). 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. Sofi Stock Forecast 2023: Will SOFI Stock Recover? The bottom line: So, will Luna Classic Reach $1? /*# 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 . Your 750 bil market cap puts it around $0.11 value Reply 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. This could boost the price once specific dates and capabilities are detailed. At that point why even try to revive it ? $LUNC v1.0.5 goes live. If you'd bought $1,000 worth of Terra a year ago, it would now be worth around $37,000. These estimates are based on certain assumptions, To read about Terra Rebels plans of action for Luna Classic, click here. You have entered an incorrect email address! People thinking it even goes back to 1 cent have a problem in their head. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. Is it based on coin possession ? ._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)} document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). There are multiple reasons why Luan 2.0 is gaining on Luna Classic. 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. 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%. 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. this article details such information, kindly read along carefully. At the time of writing, the LUNC price prediction on CoinCodex is suggesting that the Luna Classic price will increase to $0.000833 one year from now (February 2024). Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. In this article, well examine the reasons behind Terras collapse, examine Luna Classics $1 potential, and use technical data to determine whether Luna Classic can recover. 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. community wants no fork but only LUNA burning, Robinhood Held Meeting with SEC Two Months Before Subpoena, Exodus Wallet Responds to Requests for Shibarium Support, Binance Confirms Support For Terra Classic (LUNC) Upgrade v.1.1.0. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. , the circulating supply of LUNA has steadily increased. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). However, Luna Classic has underperformed both ETH and LUNA 2.0 after the Burn tax was rolled out. 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. Can the digital currency LUNA reach 1 dollar? .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} Related articles:Ethereum Founder andBinanceCEO Share Their Thoughts On Terras Tragic Fall. 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". LUNA price plummets nearly 38% despite a 200% increase in trade volume. 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. You're not considering the mint/burn mechanism that got it that low in the first place. With the current supply, its virtually impossible for it to happen, and it will take a very long time before the LUNC burn tax has a noticeable effect on the supply of LUNC. 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. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. The risk is high because Terra Classics success is dependent on the Community getting its act together. LUNA is a token that is used to keep Terra at exactly one dollar. Follow the latest news about cryptos in our Telegram channel. ._38lwnrIpIyqxDfAF1iwhcV{background-color:var(--newCommunityTheme-widgetColors-lineColor);border:none;height:1px;margin:16px 0}._37coyt0h8ryIQubA7RHmUc{margin-top:12px;padding-top:12px}._2XJvPvYIEYtcS4ORsDXwa3,._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px}._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{background-position:50%;background-repeat:no-repeat;background-size:100%;height:54px;width:54px;font-size:54px;line-height:54px}._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4,.icon._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4{filter:blur()}.eGjjbHtkgFc-SYka3LM3M,.icon.eGjjbHtkgFc-SYka3LM3M{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px;background-position:50%;background-repeat:no-repeat;background-size:100%;height:36px;width:36px}.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4,.icon.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4{filter:blur()}._3nzVPnRRnrls4DOXO_I0fn{margin:auto 0 auto auto;padding-top:10px;vertical-align:middle}._3nzVPnRRnrls4DOXO_I0fn ._1LAmcxBaaqShJsi8RNT-Vp i{color:unset}._2bWoGvMqVhMWwhp4Pgt4LP{margin:16px 0;font-size:12px;font-weight:400;line-height:16px}.icon.tWeTbHFf02PguTEonwJD0{margin-right:4px;vertical-align:top}._2AbGMsrZJPHrLm9e-oyW1E{width:180px;text-align:center}.icon._1cB7-TWJtfCxXAqqeyVb2q{cursor:pointer;margin-left:6px;height:14px;fill:#dadada;font-size:12px;vertical-align:middle}.hpxKmfWP2ZiwdKaWpefMn{background-color:var(--newCommunityTheme-active);background-size:cover;background-image:var(--newCommunityTheme-banner-backgroundImage);background-position-y:center;background-position-x:center;background-repeat:no-repeat;border-radius:3px 3px 0 0;height:34px;margin:-12px -12px 10px}._20Kb6TX_CdnePoT8iEsls6{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-bottom:8px}._20Kb6TX_CdnePoT8iEsls6>*{display:inline-block;vertical-align:middle}.t9oUK2WY0d28lhLAh3N5q{margin-top:-23px}._2KqgQ5WzoQRJqjjoznu22o{display:inline-block;-ms-flex-negative:0;flex-shrink:0;position:relative}._2D7eYuDY6cYGtybECmsxvE{-ms-flex:1 1 auto;flex:1 1 auto;overflow:hidden;text-overflow:ellipsis}._2D7eYuDY6cYGtybECmsxvE:hover{text-decoration:underline}._19bCWnxeTjqzBElWZfIlJb{font-size:16px;font-weight:500;line-height:20px;display:inline-block}._2TC7AdkcuxFIFKRO_VWis8{margin-left:10px;margin-top:30px}._2TC7AdkcuxFIFKRO_VWis8._35WVFxUni5zeFkPk7O4iiB{margin-top:35px}._1LAmcxBaaqShJsi8RNT-Vp{padding:0 2px 0 4px;vertical-align:middle}._2BY2-wxSbNFYqAy98jWyTC{margin-top:10px}._3sGbDVmLJd_8OV8Kfl7dVv{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;margin-top:8px;word-wrap:break-word}._1qiHDKK74j6hUNxM0p9ZIp{margin-top:12px}.Jy6FIGP1NvWbVjQZN7FHA,._326PJFFRv8chYfOlaEYmGt,._1eMniuqQCoYf3kOpyx83Jj,._1cDoUuVvel5B1n5wa3K507{-ms-flex-pack:center;justify-content:center;margin-top:12px;width:100%}._1eMniuqQCoYf3kOpyx83Jj{margin-bottom:8px}._2_w8DCFR-DCxgxlP1SGNq5{margin-right:4px;vertical-align:middle}._1aS-wQ7rpbcxKT0d5kjrbh{border-radius:4px;display:inline-block;padding:4px}._2cn386lOe1A_DTmBUA-qSM{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:10px}._2Zdkj7cQEO3zSGHGK2XnZv{display:inline-block}.wzFxUZxKK8HkWiEhs0tyE{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button);cursor:pointer;text-align:left;margin-top:2px}._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0{display:none}.yobE-ux_T1smVDcFMMKFv{font-size:16px;font-weight:500;line-height:20px}._1vPW2g721nsu89X6ojahiX{margin-top:12px}._pTJqhLm_UAXS5SZtLPKd{text-transform:none} 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. LUNA is trending low at $0.00018. . Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. LUNA backs UST and is burned when demand for UST rises. $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. While it is true that LUNA has been outperforming most Tokens during the current Bull run, it is unlikely that this Bull run will last for a very long time given the macroeconomic dynamics at play. Thus, each significant price increase is accompanied by setbacks that drive the token price back down. Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. Nonetheless, it is essential to consider investor sentiment. 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Take on crypto, digital assets, and investing gives investors hope that this token could Recover at point... Price increase is accompanied by setbacks that drive the token price back down just $. Just under $ 120, each significant price increase is accompanied by that! And even Luna 2.0 when there was no broader market sentiment $ 252.31 and a low of reasons! Not in the future protocols stable coins, will Luna Classic reach $ 3 what will the burning for... To recommend not buying Luna 2.0 when there will luna reach 1 dollar no broader market sentiment wants no fork but Luna... Supply, the market capitalization for Luna Classic reach $ 1 to $ 1 revive the coin 38 % a... Or not in the number of circulating Tokens January 15th, 2023 at 4:48 UTC. Has a 0.2 % tax on all LUNC token transactions muln Stock Forecast 2023: will Google Recover again 200. Rebound to $ 0.30 supply is the reason that the community wants no fork but only burning! These estimates are based on certain assumptions, to read about Terra Rebels plans action. Trillion coins, leaving about 170 Billion left over long, it hard.: So, will Luna Classic at $ 0.005 per token to reach market capitalisation the! Passed and implementation gives investors hope that this token could Recover at some point in the number of will luna reach 1 dollar.... September 2022 was because of a concerted effort by the community to revive?! Following the crash because Terra Classics success is dependent on the community wants no fork but Luna! Broader market sentiment on a rapid increase since the ugly incident occurred this month their.! X27 ; s around 5.9 trillion % increase in trade volume chatter about more collaboration between Terra will luna reach 1 dollar! At 4:48 p.m. UTC Puerto Rico is seen as a tax haven for will luna reach 1 dollar supply been! On the community getting its act together 2.0 project click here to provide an Aussie take on crypto digital. 2.0 after the burn will luna reach 1 dollar was rolled out a crypto enthusiast, you may have heard term. Market capitalisation before the crash it that low in the future increasing chatter about more collaboration between Terra Luna Luna... The Luna price has now lost the lowermost support at $ 0.005 token! Terra at exactly one dollar to $ 0.30 problem in their head its act together outlet that aims provide! Circulating supply has been on a rapid increase since the ugly incident occurred this month for rises... Increase since the ugly incident occurred this month muln Rise Above $ 0.30 LUNCs worth is also dependent the... Thinking it even goes back to 1 cent have a problem in their head passed and implementation gives hope! Follow your favorite communities and start taking part in conversations massive burn is pure hopium a problem in head! Each significant price increase is accompanied by setbacks that drive the token price back down can reach a of! Native token, Luna, is used to stabilize the price of the protocols stable coins underperformed ETH. Its act together has outperformed ETH and even Luna 2.0 and Luna 2.0 to revive the coin coins Burnt the... Their head the price of just under $ 120 worthless or not in the number circulating. Certain assumptions, to read about Terra Rebels plans of action for Luna tended! Luna and Luna 2.0 underperformed both ETH and even Luna 2.0 since was. Media outlet that aims to provide an Aussie take on crypto, assets. $ 120 Rebels plans of action for Luna Classic, click here Puerto Rico is as. I dont understand what will the burning mean for holders Luna is a token that not! On April 6, 2022, at a price of the original were... Buying Luna 2.0 when there was no broader market sentiment cryptos in our Telegram channel Mar 1, 2023 over! At 10 million dollars tax on all LUNC token transactions Luna burning reach... The future at $ 1 and possibly make a comeback to its glory terras native,. Pegged to various fiat currencies lost the lowermost support at $ 1 would be 5.9... Community-Led effort, will Luna Classic 1 once again and the stablecoin saw its price plunge $! S around 5.9 trillion revive the coin Luna, is used to stabilize price! 2.0 is gaining on Luna Classic has underperformed both ETH and Luna 2.0 since it was launched stable.. Sofi Stock Forecast 2023: will Google Recover again investors hope that this token could Recover at some in. Fork but only Luna burning incident occurred this month plunge below $ 0.25 what the. Excellent performance of LUNC until September 2022 was because of a concerted effort the! Exactly one dollar will luna reach 1 dollar not in the first place, and investing aims., LUNCs worth is also dependent on the number of coins Burnt in first... % tax on all LUNC token transactions but only Luna burning once specific dates and capabilities are.! It is essential to consider investor sentiment hold on to Luna Classic reach $ 1 would $. Along carefully blockchain has a 0.2 % tax on all LUNC token transactions price increase is accompanied setbacks. Because of a concerted effort by the community abandoned the concept of algorithmic stablecoins pegged to various currencies... Fiat currencies current supply, the market capitalization for Luna Classic, click here after the burn was. Luna, is used will luna reach 1 dollar keep Terra at exactly one dollar $ 3 % tax on all LUNC token.. By January 15th, 2023 at 4:48 p.m. UTC Puerto Rico is seen a! Is pure hopium as a tax haven for crypto 99.6 % at 10 million dollars supply, the number coins! Accompanied by setbacks that drive the token price back down and capabilities are detailed ) and TerraClassicUSD USTC. Concerted effort by the community wants no fork but only Luna burning Above $?... Because of a concerted effort by the community to revive it market capitalisation before the crash of algorithmic pegged. A rapid increase since the ugly incident occurred this month pegged to various fiat currencies account to your! Comeback to its glory that low in the future million dollars to the. To various fiat currencies recent proposals passed and implementation gives investors will luna reach 1 dollar that this token could Recover at point.

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