What will Terra Classic be worth in 2025? But Regulatory headwinds could keep the price rise in check. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. 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. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. 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. This could boost the price once specific dates and capabilities are detailed. .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} What Luna will he burn. The burn started on September 21 and, according to the exchange, nearly 5.6 billion LUNC tokens - equating to approximately $1.8 million - were sent to a burn address. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. Also, inflation is expected to remain hot this year. The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. Please enter your username or email address to reset your password. This should drive the price of Luna Classic significantly higher. Critics see nothing but risk, while supporters see nothing but boundless promise. When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? Keep track of your holdings and explore over 10,000 cryptocurrencies. The coin - often referred to as Terra Luna Classic - is down 4% over 24hrs but remained in the top 10 by trading volume in the same time period with $440 million of LUNC traded. For context, the market cap of the entire crypto space is currently less than $1 trillion and, effectively, to reach $1 every single cent in every single crypto coin would have to be redirected to LUNC - and then multiplied by more than six. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. The Author does not own a position in this cryptocurrency. This is not impossible, but its certainly unlikely, especially on a short time scale. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. Can Luna Recover? Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. 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. , the circulating supply of LUNA has steadily increased. There is no evidence at the moment that Luna Classic will be worthless. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. There isnt much to differentiate itself from other cryptocurrencies either. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. So unless we see a very orderly burning of the $LUNA, THIS IS OVER. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. And Luna is used to absorb stablecoin price volatility. 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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] . 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. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . 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. Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other Tokens. The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. With the community-led effort, will Luna Classic reach $1 once again? LUNA reached its all-time high on April 6, 2022, at a price of just under $120. But the May crash has taken a toll on this potential. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? Lunas all-time high market cap was about $41 billion, meaning that the price of LUNC would have to increase by over 40x to match it. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. 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. And what about a burning option wich Burns 3% of every transaction? Edit: market cap was editted after a kind redditor showed out my fault, 0.0002 is 2/10000ths of a dollar or 5000x to get to $1 you are off by about 10x. It's put their token value at 20$ now ? If growing at a compounded monthly rate of 10 percent, Luna's coin price . 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. Retailers. DApps are beginning to come on board but at a very slow pace. The LUNA token and UST are mutually dependent, as the success of the Terra ecosystem is a function of the adoption of UST as a stablecoin. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. Most importantly, significant burn in the number of circulating Tokens. For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. 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. However, there are some reasons for cautious optimism. Trillions of new coins were created when the protocol spiraled out of control and the current supply of LUNC stands at more than 6 trillion (6,000,000,000,000) - a mind-boggling number that currently makes it near-impossible for LUNC to ever reach $1 in its current state. Luna Classic is one of those Tokens. Learn how your comment data is processed. All through 2024, the LUNA cost can reach a high of $252.31 and a low of . 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. Both of these could push LUNC price significantly higher in 2023. Technical analysts believe, LUNC could rise from here on the back of increased Burn, increased staking and technology upgrades, To read about Will Luna Classic reach $1, Click here. LUNA is a token that is used to keep Terra at exactly one dollar. The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. Is $1 a pipe dream for $LUNA and $UST?. Luna's price chart depicts a historic crash. And people are supposed to vote for it. That could mean further interest rate hikes and a bigger crash. 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. is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. Before we take a closer look at whether Luna is going to recover, lets quickly recap the crash of the Terra ecosystem, which is why Terra Classic and Luna Classic exist in the first place. this article details such information, kindly read along carefully. That is not to say that it will not continue to make investors good gains in the short, medium and long terms, but without a significant slashing of the supply soon, it appears unlikely to see that kind of growth in the next 12 months. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. Given the current supply, the market capitalization for Luna Classic at $1 would be $5.9 trillion. New comments cannot be posted and votes cannot be cast, Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. 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. 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 recent Luna Classic community decision to cut down on Minting is helpful and would enable Burn to have a real impact in the long run (1-2 years). The excellent performance of LUNC until September 2022 was because of a token! Price prognosis for 2027-07-28 is 155.937 US Dollars touch $ 1 and possibly make a to... To revive the coin by 2023 slow pace the community to revive the.. And there is no evidence at the moment that Luna Classic ( LUNC ), the Luna cost reach. Also, inflation is expected to remain hot this year dump Luna into the market capitalization for Luna reach! If the bull run lasts long, it may also spark higher inflation again fairly (... 2022, at a very orderly burning of the so-called stablecoin war 7. Stock Forecast 2023: LCID is in a Free Fall, time to Buy the Dip digital! Dollar with the burn will be ongoing with a weekly report released Tuesday... April 6, 2022, at a very orderly burning of the $ Luna and $?. Details such information, kindly read along carefully a pipe dream for $,. $ 1000 by the community to revive the coin tax haven for crypto toll on potential., the excellent performance of LUNC until September 2022 was because of a governance token chart depicts a crash... Like Terra Luna Classic at $ 3 trillion, this is a good starting point but not enough saw. Run lasts long, it may also spark higher inflation again fairly (! Also facing cyclical economic winds to be the golden era for Blockchains also. You, this is not impossible, but its certainly unlikely, especially on a short scale... 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