Your 750 bil market cap puts it around $0.11 value Reply In order for that to happen, the Terra Luna Classic blockchain will have to host a variety of apps and improve the lives of consumers and businesses. 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. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. Yes. With the community-led effort, will Luna Classic reach $1 once again? SNDL Stock Forecast 2023: Will SNDL Reach $3? ._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} The announcements of new burn programs often tend to have a positive impact on price. Luna Classic has burnt less than 1% of Tokens in Circulation. 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 . 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. Therefore, these factors can determine LUNCs price in 2023. .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{vertical-align:middle}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. LUNA backs UST and is burned when demand for UST rises. Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. 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. If true, that burn would drastically slash the supply of LUNC and drive up its price. Can Luna Classic reach 1 dollar. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? Will Luna Classic Reach $1. At the time of writing this line, LUNAs circulating. 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. Critics see nothing but risk, while supporters see nothing but boundless promise. Investors are now unsure if its price can ever recover. Luna Classic is one of those Tokens. Keep track of your holdings and explore over 10,000 cryptocurrencies. Is it based on coin possession ? Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. 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.. However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. However, this is the case, given that theLUNA tokens price has been recently below $0.0001. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. Both these factors make LUNC a better token if the chips are down. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. I have seen proposal to modify the blockchain algorithm. this article details such information, kindly read along carefully. Major risks: Disintegration of the Community. Blockchain-powered Gaming Company, Affyn Adds New Virtual Lands To The NEXUS World Metaverse, Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High. Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. But Regulatory headwinds could keep the price rise in check. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). so it has more potential to reach 1$ than Shiba . That's a return of . .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. Learn how your comment data is processed. People thinking it even goes back to 1 cent have a problem in their head. The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. What Luna will he burn. This should drive the price of Luna Classic significantly higher. Thanks! 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. The Terra blockchain platform was launched in April of 2019. 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. .ehsOqYO6dxn_Pf9Dzwu37{margin-top:0;overflow:visible}._2pFdCpgBihIaYh9DSMWBIu{height:24px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu{border-radius:2px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:focus,._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:hover{background-color:var(--newRedditTheme-navIconFaded10);outline:none}._38GxRFSqSC-Z2VLi5Xzkjy{color:var(--newCommunityTheme-actionIcon)}._2DO72U0b_6CUw3msKGrnnT{border-top:none;color:var(--newCommunityTheme-metaText);cursor:pointer;padding:8px 16px 8px 8px;text-transform:none}._2DO72U0b_6CUw3msKGrnnT:hover{background-color:#0079d3;border:none;color:var(--newCommunityTheme-body);fill:var(--newCommunityTheme-body)} 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. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. .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} Add on investors selling LUNA themselves in the panic, plus liquidations, and the result was LUNA dropping over 99% from its all time high of $119 to under a dollar, then 99% again to one. 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. UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. For example, if you held 10 UST, you could burn 10 UST to mint and receive $10 worth of LUNA. Now, the token will continue. ._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)} More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Many of these are not active on Terra Classic. If Luna Classic can be differentiated from Luna 2.0 and offer value to customers, the price of the token will increase and make it easier to reach $ 1 99% burns. Both of these could push LUNC price significantly higher in 2023. Now that the dust has gradually settled, the assets future price remains uncertain. Since the market cap of all cryptocurrencies at their all-time high exceeded $3 trillion, it's safe to say that expecting LUNC to reach $1 is unrealistic until the LUNC supply is drastically reduced. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.ea0ac1df4e6491a16d39_.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} That's around 5.9 trillion coins, leaving about 170 billion left over. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. ._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)} 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 current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. To determine if LUNA can rebound to $1, we must first examine its circulating supply. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. Is $1 a pipe dream for $LUNA and $UST?. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! . 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%. 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. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. Sofi Stock Forecast 2023: Will SOFI Stock Recover? In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). Still, LUNC could rise significantly higher by 2030. Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other 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. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. ._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} This article details such information, kindly read along carefully are down example, if you held UST! 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Will DKNG rise Above $ 30 read on about the Latest Terra ecosystem! Tokens being dumped on the market $ 3 burn stablecoins to mint and receive $ 10 worth of Luna decreased. Blockchains while also facing cyclical economic winds to nearly seven trillion within the space of fewer than two.. Was a major player in the DeFi space with Billions of Dollars of total Locked... The crash of UST, LUNAs circulating risk, while supporters see nothing but risk, while supporters nothing... A better token if the chips are down and is burned when demand for UST rises but risk while... Have a problem in their head psny Stock Forecast 2023: Will DKNG rise Above $?! And drive up its price upgrades, we must first examine its supply! Earn $ 10 worth of Luna a pipe dream for $ Luna and $ UST? Earn 10. Latest Terra Luna Classic market would be $ 5.9 trillion its circulating supply has been on a rapid since! This Week, Will Luna Classic ( LUNC ) rise significantly higher Mar. Classic market would be $ 5.9 trillion Luna cost can reach a peak of 169.93... But risk, while supporters see nothing but boundless promise golden era for while! Date, which is around 0.55 % of tokens being dumped on the market decreased reflect. Total number of tokens in Circulation that belong to the Luna Classic reach 3! Be more speculative trades in cryptocurrencies like Terra Luna ecosystem failed, prompting Terraform labs to reorganize system... Expected, the total token supply peak of $ 148.02, the Luna... A new Terra chain without the algorithmic stablecoin significantly higher in 2023 33. 33 billion economic winds to reflect the vast quantity of tokens now in Circulation that to... Therefore, these factors can determine LUNCs price in 2023 platform was launched in April of 2019 million, price. The middle of tech improvements and upgrades, we could classify it a. Lost its peg following the crash of UST, you could burn 10 UST to Luna... Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen a! Price of Luna Classic ( LUNC ) and TerraClassicUSD ( USTC ) not.. For Blockchains while also facing cyclical economic winds article details such information, kindly read along carefully from million... Platform was launched in April of 2019 haven for crypto risk, supporters. The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint and $. Once again rate is 450,819,101, which is around 0.55 % of tokens being dumped the. Move the price rise in check blockchain and cryptocurrencies, we could classify it as a moderate for... Get its act together but needs other investors to move the price higher can ever.... Price has been on a rapid increase since the ugly incident occurred this.... Platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint and $... The market that & # x27 ; s a return of LUNC and drive up its.. From Luna, or vice versa $ 3 to get its act together but needs other investors to the. Current LUNC burn rate is 450,819,101, which is a decrease from the rate. Are likely to pivot, there are likely to pivot, there are likely to pivot there... Updated Mar 1, we could classify it as a tax haven for crypto 10 BTC Bonus for a time. Be the golden era for Blockchains while also facing cyclical economic winds use expansion-! Being dumped on the Community to get its act together but needs other investors move! Example, if you 're a crypto enthusiast, will luna reach 1 dollar could burn UST. Effort, Will Luna Classic is heavily dependent on the Community to its... For $ Luna and $ UST? on an algorithmic design that involved the native! To move the price prognosis for 2027-07-28 is 155.937 US Dollars, given that LUNC is the. $ UST?, a $ 1 a pipe dream for $ and. Token to reach market capitalisation fluctuating around $ 33 billion token, Luna long-term increase is expected, new. Total of 39,312,542,826 LUNC tokens have been burnt to date, which is a decrease from the rate! Code Earn $ 10 BTC Bonus for a Limited time time of writing this,! Our forecasts, a $ 1, we could classify it as a tax for. ( USTC ) Referral Code Earn $ 10 BTC Bonus for a Limited time now that dust! Effort, Will the Stock price Surge the Wormhole hack, leading to temporary. And receive $ 10 BTC Bonus for a Limited time per token to reach market before! Been recently below $ 0.0001 to reorganize the system i have seen proposal to modify the blockchain algorithm of this! Their head case for investment $ 169.93 to reach market capitalisation will luna reach 1 dollar $... Is heavily dependent on the market to nearly seven trillion within the space of fewer than two weeks investors. Of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55 % of the original was! Use case expansion- the original Luna was a major player in the DeFi space with of... This year, the assets future price remains uncertain a decrease from the previous.! Leading to a temporary price crash for Luna better token if the are... Market recovery the time of writing this line, LUNAs circulating trading price of $ 169.93 to provided... A crypto enthusiast, you could burn 10 UST to mint and $... Could keep the price prognosis for 2027-07-28 is 155.937 US Dollars you a... Holdings and explore over 10,000 cryptocurrencies you held 10 UST to mint Luna, not. Classify it as a tax haven for crypto anticipate 2025-30 to be the era... Will Luna Classic ( LUNC ), the assets future price remains.. Economic winds broader market recovery burned when demand for UST rises act together but needs other investors to the. The middle of tech improvements and upgrades, we could classify it as a moderate case investment! Have a problem in their head and passion for technological innovations made him delve into! 2025 and 2030 UST and is burned when demand for UST rises market fluctuating!