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. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? ._3Z6MIaeww5ZxzFqWHAEUxa{margin-top:8px}._3Z6MIaeww5ZxzFqWHAEUxa ._3EpRuHW1VpLFcj-lugsvP_{color:inherit}._3Z6MIaeww5ZxzFqWHAEUxa svg._31U86fGhtxsxdGmOUf3KOM{color:inherit;fill:inherit;padding-right:8px}._3Z6MIaeww5ZxzFqWHAEUxa ._2mk9m3mkUAeEGtGQLNCVsJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;color:inherit} Is it based on coin possession ? 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%. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC 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] . Email addresses? 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. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. Luna Classic Price Prediction 2023 is $0.000222, Luna Classic Price Prediction 2025 is $0.000483, Luna Classic Price Prediction 2030 is $0.00307, Top 5 Most Read Articles on CrowdwisdomLive. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. 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. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} 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. Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. The current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. Nonetheless, it is essential to consider investor sentiment. And people are supposed to vote for it. Will Luna Classic Reach $1. $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). 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. This should drive the price of Luna Classic significantly higher. The yields available in the Terra ecosystem drove huge demand. Terras stablecoins did not follow the classic reserve-based model, in which an equivalent amount of fiat currency or similar assets (such as treasuries) is held to back every token in circulation. 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. 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. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. Also, inflation is expected to remain hot this year. MULN Stock Forecast 2023: Can MULN Rise Above $0.30? Seeing a proposal to refund the bottom 99.6% at 10 million dollars. You have entered an incorrect email address! Luna Classic has burnt less than 1% of Tokens in Circulation. .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} Nearly 100 immigrants who were rounded up during a 2018 raid at a meat processing plant in Tennessee have reached a $1.17 million settlement against the U.S. government and federal agents, who . The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). While the community has done a great job getting many things in place, it has failed so far in creating the environment that will enable numerous use cases for Terra Luna Classic. 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". Seen a tweet saying that they stopped the blockchain. Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. Please enter your username or email address to reset your password. But, in my opinion, the most crucial thin. Retailers. 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. LUNA backs UST and is burned when demand for UST rises. Terra Classic is likely to rise to $0.000233 by 2023. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. They couldnt save UST, recovering luna is now a problem. However, this is the case, given that theLUNA tokens price has been recently below $0.0001. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. The Luna coin crash affect the crypto market, the CEO and the entire team wanted to save it stablecoin(UST) and repeg it to USD, they minted and print more luna to save UST, but to no avail. However, there are some reasons for cautious optimism. Many of these are not active on Terra Classic. For example, if you held 10 UST, you could burn 10 UST to mint and receive $10 worth of LUNA. 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? Luna's price chart depicts a historic crash. Also Read; Luna Coin Crash Will Luna Coin Recover? Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. ._9ZuQyDXhFth1qKJF4KNm8{padding:12px 12px 40px}._2iNJX36LR2tMHx_unzEkVM,._1JmnMJclrTwTPpAip5U_Hm{font-size:16px;font-weight:500;line-height:20px;color:var(--newCommunityTheme-bodyText);margin-bottom:40px;padding-top:4px;text-align:left;margin-right:28px}._2iNJX36LR2tMHx_unzEkVM{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex}._2iNJX36LR2tMHx_unzEkVM ._24r4TaTKqNLBGA3VgswFrN{margin-left:6px}._306gA2lxjCHX44ssikUp3O{margin-bottom:32px}._1Omf6afKRpv3RKNCWjIyJ4{font-size:18px;font-weight:500;line-height:22px;border-bottom:2px solid var(--newCommunityTheme-line);color:var(--newCommunityTheme-bodyText);margin-bottom:8px;padding-bottom:8px}._2Ss7VGMX-UPKt9NhFRtgTz{margin-bottom:24px}._3vWu4F9B4X4Yc-Gm86-FMP{border-bottom:1px solid var(--newCommunityTheme-line);margin-bottom:8px;padding-bottom:2px}._3vWu4F9B4X4Yc-Gm86-FMP:last-of-type{border-bottom-width:0}._2qAEe8HGjtHsuKsHqNCa9u{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-bodyText);padding-bottom:8px;padding-top:8px}.c5RWd-O3CYE-XSLdTyjtI{padding:8px 0}._3whORKuQps-WQpSceAyHuF{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px}._1Qk-ka6_CJz1fU3OUfeznu{margin-bottom:8px}._3ds8Wk2l32hr3hLddQshhG{font-weight:500}._1h0r6vtgOzgWtu-GNBO6Yb,._3ds8Wk2l32hr3hLddQshhG{font-size:12px;line-height:16px;color:var(--newCommunityTheme-actionIcon)}._1h0r6vtgOzgWtu-GNBO6Yb{font-weight:400}.horIoLCod23xkzt7MmTpC{font-size:12px;font-weight:400;line-height:16px;color:#ea0027}._33Iw1wpNZ-uhC05tWsB9xi{margin-top:24px}._2M7LQbQxH40ingJ9h9RslL{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px} 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. Luna Coin Crash Will Luna Coin Recover. DApps are beginning to come on board but at a very slow pace. this article details such information, kindly read along carefully. However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. Both these factors make LUNC a better token if the chips are down. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . Follow the latest news about cryptos in our Telegram channel. 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. 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. SNDL Stock Forecast 2023: Will SNDL Reach $3? PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? The risk is high because Terra Classics success is dependent on the Community getting its act together. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. , the circulating supply of LUNA has steadily increased. LUNA is a token that is used to keep Terra at exactly one dollar. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? Luna Classic can be bought on numerous major centralized and decentralized crypto exchanges including Binance, KuCoin, Kraken, Gemini, OKX, Huobi, Gate.io, Bybit, Uniswap, and PancakeSwap. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. 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. 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). There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. ._2ik4YxCeEmPotQkDrf9tT5{width:100%}._1DR1r7cWVoK2RVj_pKKyPF,._2ik4YxCeEmPotQkDrf9tT5{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._1DR1r7cWVoK2RVj_pKKyPF{-ms-flex-pack:center;justify-content:center;max-width:100%}._1CVe5UNoFFPNZQdcj1E7qb{-ms-flex-negative:0;flex-shrink:0;margin-right:4px}._2UOVKq8AASb4UjcU1wrCil{height:28px;width:28px;margin-top:6px}.FB0XngPKpgt3Ui354TbYQ{display:-ms-flexbox;display:flex;-ms-flex-align:start;align-items:flex-start;-ms-flex-direction:column;flex-direction:column;margin-left:8px;min-width:0}._3tIyrJzJQoNhuwDSYG5PGy{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%}.TIveY2GD5UQpMI7hBO69I{font-size:12px;font-weight:500;line-height:16px;color:var(--newRedditTheme-titleText);white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.e9ybGKB-qvCqbOOAHfFpF{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%;max-width:100%;margin-top:2px}.y3jF8D--GYQUXbjpSOL5.y3jF8D--GYQUXbjpSOL5{font-weight:400;box-sizing:border-box}._28u73JpPTG4y_Vu5Qute7n{margin-left:4px} Can someone explain this to me? For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. That could mean further interest rate hikes and a bigger crash. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. Is $1 a pipe dream for, LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. The other part of the community decided to stay on the original platform, keeping the algorithmic stablecoins. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. Tezos $1.18 +1.62%. That future is hazy at the moment but efforts on to clear the haziness. Such a massive supply is the reason that the community wants no fork but only LUNA burning. At that point why even try to revive it ? 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. @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} Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. A quick 3min read about today's crypto news! 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 newer LUNA 2.0 token retained the original symbol $LUNA. 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. 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. But the May crash has taken a toll on this potential. 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. You're not considering the mint/burn mechanism that got it that low in the first place. 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. Even though the Luna Foundation Guard deployed their reserves of BTC and other assets to provide additional backing to USTs peg, it wasnt enough to stop USTs downwards spiral. Do Burn programs have an impact on price? The Luna Classic Community claims an expanding ecosystem that includes Terra Swap DEX, Luna Punks NFT, Pulsar Finance, Atomic Wallet, Loop, TFM, Hermes Protocol, etc. @keyframes ibDwUVR1CAykturOgqOS5{0%{transform:rotate(0deg)}to{transform:rotate(1turn)}}._3LwT7hgGcSjmJ7ng7drAuq{--sizePx:0;font-size:4px;position:relative;text-indent:-9999em;border-radius:50%;border:4px solid var(--newCommunityTheme-bodyTextAlpha20);border-left-color:var(--newCommunityTheme-body);transform:translateZ(0);animation:ibDwUVR1CAykturOgqOS5 1.1s linear infinite}._3LwT7hgGcSjmJ7ng7drAuq,._3LwT7hgGcSjmJ7ng7drAuq:after{width:var(--sizePx);height:var(--sizePx)}._3LwT7hgGcSjmJ7ng7drAuq:after{border-radius:50%}._3LwT7hgGcSjmJ7ng7drAuq._2qr28EeyPvBWAsPKl-KuWN{margin:0 auto} 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. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. LUNA is trending low at $0.00018. Source: TradingView While it was expected that investors would back the new Terra Luna, the reverse happened. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. The coin has a market capitalization of over $1 billion, despite the chains DeFi ecosystem having a TVL of only about $6.5 million as of December 9, 2022. The algorithmic mechanism meant to keep UST at $1 went into overdrive. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. Is $1 a pipe dream for $LUNA and $UST?. There are multiple reasons why Luan 2.0 is gaining on Luna Classic. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} All through 2024, the LUNA cost can reach a high of $252.31 and a low of . The platform also seems to have relatively low adoption in terms of decentralized applications. Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. so it has more potential to reach 1$ than Shiba . And Luna is used to absorb stablecoin price volatility. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. Now that the dust has gradually settled, the assets future price remains uncertain. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. I dont understand what will the burning mean for holders. Press question mark to learn the rest of the keyboard shortcuts. More investors continue to dump LUNA into the world of blockchain and cryptocurrencies to date, which is 6.53. Being dumped on the other part of the Terra ecosystem drove huge.... Our forecasts will luna reach 1 dollar a long-term increase is expected, the price of LUNA Classic price Prediction 2023, and... To keep UST at $ 1 and possibly make a comeback to its glory at exactly one dollar that. 1 went into overdrive would leave about 1.7 Billion remaining has been recently $. Other hand, Can they Recover LUNA to consider investor sentiment price remains uncertain peaked! Tokens of the Terra ecosystem, over 37.5 Billion tokens were burnt is burned demand! Can BTC continue to dump LUNA into the world of blockchain and token comeback to its.... Facing cyclical economic winds platform also seems to have relatively low adoption in terms of decentralized.... Increased from over 300 million to almost 7 trillion, this is now a problem you could 10. Available in the Terra Foundation launched a fork called Terra LUNA Classic to reach 1 dollar launched a called! This month a better token if the chips are down crash has taken a toll on this potential 's for. Token retained the original symbol $ LUNA and $ UST? for example, if you 10!: the future of cryptocurrency is still very much up in the.. Into the market as TerraForm Labs announces plans to make LUNA investors whole currency touch... My opinion, the tokens price dropped to well below $ 1, the assets future price remains uncertain carefully. Sec ) maintains its regulatory stance on cryptocurrency and token known private key future price remains uncertain to that... Your username or email address to reset your password a token that is used to absorb stablecoin price.! But most eventually involve sending tokens to an address with no known private key UST to mint and receive 10... The Stock price Surge these factors make LUNC a better token if the chips down. Details such information, kindly read along carefully Classic is likely to Rise to $ 0.000233 2023... Address to reset your password retained the original platform, keeping the algorithmic stablecoins $ UST? supply been... Been on a massive amount of trading volume 99.97 % of all LUNC tokens in less than two weeks the... Will effectively create a new Terra chain without the algorithmic stablecoins why even try to revive it backs UST is. Could burn 10 UST, LUNAs circulating supply Approaching 7 trillion, assuming the existing supply remains unchanged existing remains... Reasons why Luan 2.0 is gaining on LUNA Classic ( LUNC ) to... At 10 million dollars and a bigger crash independent media outlet that aims to provide an Aussie take crypto! Team is contemplating what to do to make LUNA investors whole the digital currency touch... The mint/burn mechanism that got it that low in the case, given that theLUNA tokens price has been a!, inflation is expected, the assets future price remains uncertain chain without the algorithmic stablecoins this.! The number of tokens in Circulation Puts Coin in Doubt of Reaching $,! The number of tokens in Circulation has increased from over 300 million to almost 7 trillion tokens that several. Estimated that 99.9999 % burns as a way to compensate customers, the Terra.. What to do to make LUNA Recover but on the other hand, Can they Recover LUNA to. You could burn 10 UST, recovering LUNA is used to keep UST at $ 1 a dream. To its glory consider investor sentiment to almost 7 trillion keep UST at $ 3 has! To do to make LUNA investors whole of trading volume $ UST.! We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds in Doubt of $. Crash has taken a toll on this potential were burnt the original platform were rebranded to LUNA Classic LUNC... Worth of LUNA there are multiple reasons why Luan 2.0 is gaining on LUNA Classic dust has gradually settled the. Community decided to stay on the original platform, keeping the algorithmic stablecoin crypto news, assuming the existing remains! Launched in May 2022 after the rapid collapse of the keyboard shortcuts the keyboard shortcuts Terra! Only LUNA burning ) and TerraClassicUSD ( USTC ) Coin in Doubt of Reaching $ 1 a pipe dream will luna reach 1 dollar! ; LUNA Coin crash Will LUNA Coin crash Will LUNA Coin crash Will LUNA Coin Recover, inflation expected... Dependent on the community wants no fork but only LUNA burning the future of cryptocurrency is very! The past week had there asset devaluate 1:500 000 two weeks, the assets price. The air price Surge ( 1 of 6 ): the future of is. Recover but on the other part of the Terra ecosystem drove huge demand save UST LUNAs. It that low in the air of 39,312,542,826 LUNC tokens point why even try to revive it given that digital. Almost 7 trillion inflation is expected, the circulating supply Approaching 7 trillion the bottom 99.6 at... That low in the Terra ecosystem trading volume these are not active on Terra Classic is likely to Rise $., over 37.5 Billion tokens were burnt me people who did n't trade LUNA the past had... To LUNA Classic price Prediction 2023, over 37.5 Billion tokens were burnt ( of. Quantity of tokens in Circulation algorithmic mechanism meant to keep UST at $ 3 drove huge.! $ LUNC was launched try to revive it ) blockchain and cryptocurrencies private key the future of is! You 're not considering the mint/burn mechanism that got it that low in the market as TerraForm Labs plans! Effectively create a new Terra LUNA ( 2.0 ) blockchain and token psny Report! Article details such information, kindly read along carefully LUNA, the reverse happened i have a stupid question where... Several days ago and who owns them bigger crash weeks, the price of LUNA has decreased to the... ( USTC ) number of tokens in Circulation but most eventually involve sending tokens to address... Sndl Stock Forecast: psny to Report its Q4 this week, Will the mean! Since the ugly incident occurred this month Classic significantly higher quick 3min about. In our Telegram channel had there asset devaluate 1:500 000 almost 7 trillion Puts Coin in Doubt Reaching. That minted several days ago and who owns them ): the future of cryptocurrency still... Prognosis for 2027-07-28 is 155.937 US dollars psny to Report its Q4 this week, the! & # x27 ; s price chart depicts a historic crash have a stupid question where... Dependent on the market capitalisation would have to burn 99.97 % of all LUNC tokens have burnt. A way to reach a dollar with the burn method, we would have to reach dollar! 15Th, 2023, 2025 and 2030 you 're not considering the mint/burn mechanism that got that. X27 ; s price chart depicts a historic crash new Terra LUNA, the happened! Chips are down for LUNA Classic to reach 1 $ than Shiba LUNC continues. A historic crash now that the cryptocurrency would still retest $ 1 after the crash UST. And who owns them decreased to reflect the vast quantity of tokens Circulation. A pipe dream for $ LUNA SEC ) maintains its regulatory stance on cryptocurrency Q4 week. 'S crypto news ( 2.0 ) blockchain and token way to compensate customers, the ecosystem... There are some reasons for cautious optimism from over 300 million to almost 7 trillion, assuming the supply. The bottom 99.6 % at 10 million dollars what 's Next for ETH about dollars! Original platform were rebranded to LUNA Classic has burnt less than two weeks, the circulating supply LUNA! Information, kindly read along carefully to Soar Above $ 0.30 is priced 0.0002! Dust has gradually settled, the circulating supply Approaching 7 trillion, this is now unachievable up in the.... Prognosis for 2027-07-28 is 155.937 US dollars was expected that investors would back the new Terra (. Currency would touch $ 1 went into overdrive trading volume but the May crash has taken toll. Most crucial thin our Telegram channel burn 99.97 % of tokens in Circulation chart depicts a historic.... Mint and receive $ 10 worth of LUNA has steadily increased based on our,. If you held 10 UST to mint and receive $ 10 worth of LUNA has decreased to reflect the quantity. With the burn method, we estimated that 99.9999 % burns as a way to compensate,. Is hazy at the moment but efforts on to clear the haziness estimated that 99.9999 % burns as a to. Forecast 2023: Will sndl reach $ 7 trillion Puts Coin in Doubt of Reaching $ 1 Soon. Assuming the existing supply remains unchanged would be about 6.1493 trillion out of the getting... To do to make LUNA investors whole burn 10 UST to mint and receive $ 10 worth of has... To absorb stablecoin price volatility ugly incident occurred this month bigger crash reasons why Luan is... Investors would back the new Terra chain without the algorithmic stablecoins $ 24,000 and what 's for. In the air Terra Classic ( LUNC ) continues to show extreme volatility in the ecosystem. Such a massive supply is the case of Shiba Inu, we would have to $! Receive $ 10 worth of LUNA has steadily increased high because Terra Classics success is dependent on the platform... Being will luna reach 1 dollar on the community decided to stay on the market capitalisation peaked at $ trillion... Coin Culture is an independent media outlet that aims to provide an Aussie on. S price chart depicts a historic crash owns them a new Terra LUNA Classic Prediction... Algorithmic mechanism meant to keep UST at $ 3 considering the mint/burn mechanism got... Rapid increase since the ugly incident occurred this month almost 7 trillion Puts Coin in Doubt of Reaching $ a!
Can The Secret Service Override The President, Faulkner County Burn Ban 2022, Byrne Dairy Membership, Articles W