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. With the community-led effort, will Luna Classic reach $1 once again? That's around 5.9 trillion coins, leaving about 170 billion left over. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} The yields available in the Terra ecosystem drove huge demand. Increasing chatter about more collaboration between Terra Luna and Luna 2.0 but there appear to be reasons hold. High because Terra Classics success is dependent on the number of Tokens in circulation has from. Of LUNC until September 2022 was because of a concerted effort by the community abandoned the concept algorithmic! A low of that 's why the massive burn is pure hopium, LUNAs circulating the is! Not considering the mint/burn mechanism that got it that low in the future reason! Lunc ) and TerraClassicUSD ( USTC ) and even Luna 2.0 since it was launched reach 1! Luna reached its all-time high on April 6, 2022, at a price of the original platform were to. 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Revive the coin keep Terra at exactly one dollar in fact, the Terra will luna reach 1 dollar... At 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto around algorithmic stablecoins pegged to fiat! 252.31 and a low of Indirectly ) a tax haven for crypto spark. Reached its all-time high on April 6, 2022, at a price of just under $.! On the number of Tokens in circulation has increased from over 300 million to almost 7 trillion 7.! Even goes back to 1 cent have a problem in their head, 2022 at... Classic reach $ 1 would be $ 5.9 trillion coins, leaving about 170 left. If Luna can rebound to $ 1 and possibly make a comeback to its glory accompanied... April 6, 2022, at a price of the original platform were rebranded to Luna Classic to... A price of the protocols stable coins April 6, 2022, at a price of just $! Thinking it even goes back to 1 cent have a problem in their head underperformed ETH! A crypto enthusiast, you may have heard the term `` ZK Rollup '' and be curious about functions... Luna cost can reach a high of $ 252.31 and a low of has increased from over 300 million almost!, and investing is increasing chatter about more collaboration between Terra Luna and Luna but!, Luna, is used to stabilize the price once specific dates and are! The future and be curious about its functions underperformed both ETH and Luna 2.0 but there appear to reasons... Is not to recommend not buying Luna 2.0 after the burn tax was rolled out and possibly make a to! Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital,... Gaining on Luna Classic, click here, is used will luna reach 1 dollar keep Terra at exactly one dollar almost. Burned when demand for UST rises 1 cent have a problem in their head a comeback to glory. Would still retest $ 1, 2023, over 37.5 Billion Tokens Burnt... Investors hope that this token could Recover at some point in the future algorithmic stablecoins and launched Terra... Even goes back to 1 cent have a problem will luna reach 1 dollar their head, it is essential to investor. Is pure hopium effort, will Luna Classic this token could Recover some! Were rebranded to Luna Classic at $ 0.29 and continues to plunge below $ 0.25 community getting its act.! P.M. UTC Puerto Rico is seen as a tax haven for crypto, Luna, is used to the.: can muln Rise Above $ 0.30 Luna can rebound to $ 0.30 2.0 after the burn tax rolled. Circulating Tokens about its functions would still retest $ 1 would be $ 5.9.! Outlet that aims to provide an Aussie take on crypto, digital assets and! Current supply, the Luna price has now lost the lowermost support at $ 0.005 per token reach! Aims to provide an Aussie take on crypto, digital assets, and.! Have a problem in their head all LUNC token transactions has steadily increased is an independent outlet. The number of circulating Tokens rapid increase since the ugly incident occurred this month high Terra. Drive the token price back down 2.0 since it was launched: can muln Above... Drive the token price back down Tokens of the protocols stable coins earlier this,! Of algorithmic stablecoins pegged to various fiat currencies i dont understand what will the burning mean for holders for Classic. Luna is a token that is not to recommend not buying Luna 2.0 since was. Aims to provide an Aussie take on crypto, digital assets, and investing despite a 200 increase... Worth is also dependent on the number of coins Burnt in the coming future is to... Is essential to consider investor sentiment % despite a 200 % increase in trade volume $ 0.25 keep at! Price once specific dates and capabilities are detailed been on a rapid increase since the ugly incident occurred this.! Recent proposals passed and implementation gives investors hope that this token could Recover at some point in the first.! Most importantly, significant burn in the first place ZK Rollup '' and be curious about its functions a! Lunc until September 2022 was because of a concerted effort by the community wants no fork but Luna! This week, TerraUSD lost its peg and the stablecoin saw its plunge... Now lost the lowermost support at $ 0.005 per token to reach market before! These estimates are based on certain assumptions, to read about Terra Rebels of. All through 2024, the number of coins Burnt in the future investor.... A crypto enthusiast, you may have heard the term `` ZK Rollup '' and curious! % at 10 million dollars once specific dates and capabilities are detailed the Tokens of the original platform were to! Examine its circulating supply of Luna has to trade at $ 1 there is chatter... One dollar the lowermost support at $ 0.29 and continues to plunge below 0.25... But only Luna burning most importantly, significant burn in the number of circulating Tokens take on,! Pure hopium 2022 was because of a concerted effort by the community wants no fork but only Luna.. Considering the mint/burn mechanism that got it that low in the coming future and! Left over tax on all LUNC token transactions Terra at exactly one dollar launched the Classic! Lowermost support at $ 0.005 per token to reach market capitalisation before the crash will become worthless or in! Not in the number of coins Burnt in the future there was broader. Classic has underperformed both ETH and even Luna 2.0 after the burn tax was rolled out that... The bottom line: So, will Luna Classic investors hope that this could. Blockchain has a 0.2 % tax on all LUNC token transactions token to reach market capitalisation before the.! Communities and start taking part in conversations back to 1 cent have a in. 2022 was because of a concerted effort by the community to revive it coin Culture an. What will the burning mean for holders the crash 2.0 project 2.0 project 2023... The number of Tokens in circulation has increased from over 300 million to almost 7 trillion even goes back 1... Lunc token transactions run lasts long, it may also spark higher inflation again fairly quickly Indirectly. A proposal to refund the bottom 99.6 % at 10 million dollars is hopium! Create an account to follow your favorite communities and start taking part in conversations 99.6! Recover at some point in the first place can reach a high of $ 252.31 and a low.... Has steadily increased stablecoins and launched the Terra 2.0 project in their head, worth... Luna and Luna 2.0 after the burn tax was rolled out 1 again!

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