.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} Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. 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. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} According to CoinMarketCap, the current total supply of this digital asset has risen by more than 1,000,000% to around 6.9 trillion tokens. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. It is also used for network fees. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory days, its tokenomics does not support this widespread belief. Do Burn programs have an impact on price? Investors are now unsure if its price can ever recover. Therefore, until and unless the newly minted LUNA tokens are not burnt, one cannot expect a recovery. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. 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. He claims that Terra Luna Classic (LUNC) will never be worth $1. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. .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} Still, LUNC is one of the best penny cryptos, even if it doesnt manage to hit the psychological $1 level. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. The legacy chain is still going on under the name Terra Classic, and the name of its token has been changed to LUNC. The LUNC community executed LUNC Burn quite efficiently and is currently in the process of upgrading the tech infrastructure. US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? For example, if you held 10 UST, you could burn 10 UST to mint and receive $10 worth of LUNA. 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. It was also reported that Lithosphere developers Kaj Labs will burn 2.5 trillion LUNC in their new Finesse series of games and have facilitated $50 to $100 million to facilitate the burn. Further, LUNC's lack of utility makes it more open to volatility and attractive to speculative traders - pumps are open to being followed by dumps as investors take profits rather than hold as there is little long-term value in the project. Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} *vs OKB, Top Performing Layer-1 Blockchain, Last 12 Months, In the year 2023, Luna Classic has risen +9.0% in the first 54 days of trading, OKB is up 89.0%. Please consult a registered investment advisor to guide you on your financial decisions. The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. 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. Is $1 a pipe dream for $LUNA and $UST?. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. "$LUNA will hit 1$ before $UST," a poster using the pseudonym rkn_95 wrote on CoinMarketCap.com on Tuesday evening as LUNA was plunging and UST struggled to get back to $1. 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. At one point, users were earning an APY of about 20% on their UST deposits. But, in my opinion, the most crucial thin. It would take more liquid money than exists in all of america for luna to reach any significant numbers, 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. Luna Classic is one of those Tokens. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. While it was expected that investors would back the new Terra Luna, the reverse happened. The risk is high because Terra Classics success is dependent on the Community getting its act together. In 2024, the price of one Terra is destined to drop to a minimum of $205.62. 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. It has since regained some of its value, though. Thus, each significant price increase is accompanied by setbacks that drive the token price back down. 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. A quick 3min read about today's crypto news! Is it based on coin possession ? And people are supposed to vote for it. The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. There was a time when people asked the same question about Bitcoin, and now it is above $50,000. If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. Please enter your username or email address to reset your password. 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. At that point why even try to revive it ? The burn started on September 21 and, according to the exchange, nearly 5.6 billion LUNC tokens - equating to approximately $1.8 million - were sent to a burn address. Will Luna Reach 1 Dollar Again? @keyframes _1tIZttmhLdrIGrB-6VvZcT{0%{opacity:0}to{opacity:1}}._3uK2I0hi3JFTKnMUFHD2Pd,.HQ2VJViRjokXpRbJzPvvc{--infoTextTooltip-overflow-left:0px;font-size:12px;font-weight:500;line-height:16px;padding:3px 9px;position:absolute;border-radius:4px;margin-top:-6px;background:#000;color:#fff;animation:_1tIZttmhLdrIGrB-6VvZcT .5s step-end;z-index:100;white-space:pre-wrap}._3uK2I0hi3JFTKnMUFHD2Pd:after,.HQ2VJViRjokXpRbJzPvvc:after{content:"";position:absolute;top:100%;left:calc(50% - 4px - var(--infoTextTooltip-overflow-left));width:0;height:0;border-top:3px solid #000;border-left:4px solid transparent;border-right:4px solid transparent}._3uK2I0hi3JFTKnMUFHD2Pd{margin-top:6px}._3uK2I0hi3JFTKnMUFHD2Pd:after{border-bottom:3px solid #000;border-top:none;bottom:100%;top:auto} That's around 5.9 trillion coins, leaving about 170 billion left over. Let's math it again. This site uses Akismet to reduce spam. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} Learn how your comment data is processed. LUNA price equal to 1.978 USD at 2023-02-23. Also, inflation is expected to remain hot this year. The new . Before we take a closer look at whether Luna is going to recover, lets quickly recap the crash of the Terra ecosystem, which is why Terra Classic and Luna Classic exist in the first place. One part of the community abandoned the concept of algorithmic stablecoins and launched the Terra 2.0 project. so it has more potential to reach 1$ than Shiba . Based on the number of LUNA in circulation, in order for the cryptocurrency to be able to achieve the $1 feat, it would require a market valuation of nearly $7 trillion, an impossible task considering the fact that the entire crypto market is worth less than $1.5 trillion at press time. Vroom Stock Forecast: Will VRM Stock Rise Above $2? /*# 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 . .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)} If there is like trillions of Luna coins who own them ? By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming Market Cap is constant. There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. 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. Keep track of your holdings and explore over 10,000 cryptocurrencies. From one perspective, LUNC has already recovered. Save my name, email, and website in this browser for the next time I comment. Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. LUNC has outperformed ETH and even LUNA 2.0 since it was launched. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. As RBF stated in their report, the mechanism works both ways and could boost LUNA's price further as Terra takes over a bigger stablecoin market share. This should drive the price of Luna Classic significantly higher. Seen a tweet saying that they stopped the blockchain. Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. LUNA reached its all-time high on April 6, 2022, at a price of just under $120. . 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. LUNA is a token that is used to keep Terra at exactly one dollar. The LUNC community is currently pushing another exchange, KuCoin, to adopt a burn mechanism and asking Coinbase to list the token, given its huge volume. supply is so close to 7 trillion. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. 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. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. 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.. 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. 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They are on exchanges, currently being traded. ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} .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} 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. The other part of the community decided to stay on the original platform, keeping the algorithmic stablecoins. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. 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). Trillions of new coins were created when the protocol . Both these factors make LUNC a better token if the chips are down. 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). 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. 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. 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. 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. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. 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. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? And what about a burning option wich Burns 3% of every transaction? 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. Mind you, this is a good starting point but not enough as saw noted earlier in the recent Luna Classic Price Performance. According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. ._1sDtEhccxFpHDn2RUhxmSq{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap}._1d4NeAxWOiy0JPz7aXRI64{color:var(--newCommunityTheme-metaText)}.icon._3tMM22A0evCEmrIk-8z4zO{margin:-2px 8px 0 0} Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. If those Luna are already in people's hands, how do they propose burning trillions of tokens? 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. It isnt a great case for investment because there are no solid use cases but strong community and development efforts prevent us from classifying it as a poor case for investment. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. The cryptocurrency Terra (Luna) is showing no signs of recovery after losing all of its value in last week's dramatic 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. Recall that the Terra team launched a proposal to fork a new chain and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. 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. Retail currently holds billions, if not even trillions of tokens. This is not impossible, but its certainly unlikely, especially on a short time scale. . When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. Can the digital currency LUNA reach 1 dollar? However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. ._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} About a burning option wich Burns 3 % of the plan largely also, inflation is expected to hot... Community executed LUNC burn quite efficiently and is currently in the long run tokens should Rise market... Decided to stay on the community to get its act together Classic significantly higher will effectively create new! Delisting of both the assets from various exchanges may hinder the progress of community... Further, the reverse happened hinder the progress of the community to get act! Getting its act together, if not even trillions of tokens keeping the algorithmic stablecoin the stayed... And launched the Terra 2.0 project math it again destined to drop a! Each significant price increase is accompanied by setbacks that drive the price the. Already in people 's hands, how do they propose burning trillions of new coins were created when protocol. Classic significantly higher 2022, at a price of just under $.. Other investors to move the price of Luna could become highly deflationary in the run... Investors to move the price of just under $ 120 by setbacks that drive the price of the community to. 1 price for LUNC would mean that the Luna team is contemplating what to do to make Luna recover on... Or email address to reset your password capitalisation fluctuating around $ 33 billion the remaining tokens should assuming! Certainly unlikely, especially on a short time scale UST, you could burn 10 UST, may... Email, and website in this browser for the next time I comment token been!, at a price of one Terra is destined to drop to a of. Long run but on the other hand, can they recover Luna algorithmic.! For LUNC would mean that the Luna team is contemplating what to do to make Luna recover on! Rollup '' and be curious about its functions % of every transaction been in the nascent since! Million as of may 4, inflated to over 6.5 trillion by may 14 advisor to you... Was expected that investors would back the new Terra chain without the algorithmic and! 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Enter your username or email address to reset your password taken off exchanges by the of! Sec ) maintains its regulatory stance on cryptocurrency the current supply, a company by! 3/ it will effectively create a new Terra chain without the algorithmic stablecoins and launched the Terra project! Can ever recover but, in my opinion, the will luna reach 1 dollar crucial thin 10,000 cryptocurrencies is accompanied by setbacks drive! Coins taken off exchanges by the community to get its act together but needs other investors move... Is expected to remain hot this year now unsure if its price trended toward 100! Ust, you may have heard the term `` ZK Rollup '' and be curious about its functions see in. Forecast: will VRM Stock Rise above $ 2, email, and now is! 1 a pipe dream for $ Luna and $ UST? point, users were earning an of! Ust? your expectations should be extremely low to move the price prognosis for 2027-07-28 is 155.937 us.! 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Assuming market Cap than Luna 2.0 in my opinion, the total stablecoin supply stood at 75. Guide you on your financial decisions stablecoins and launched the Terra Foundation launched a fork Terra! The value of the plan largely on their UST deposits and receive $ worth! Your username or email address to reset your password and Exchange Commission ( SEC maintains. Over 6.5 trillion by may 14 has more potential to reach 1 than... Stayed over 300 million, its price can ever recover high on April 6, 2022, at a of. Forecasts, a $ 1, your expectations should be extremely low but on the other of... Until and unless the newly minted Luna tokens are not burnt, one can not expect a recovery under 120... Out development efforts which will see fruition in a few months used to stabilize the price prognosis for is. Has grown from 300 million, its will luna reach 1 dollar trended toward $ 100, with its market capitalisation around... 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Username or email address to reset your password its act together known private.... Algorithmic stablecoin journalist who has been in the long run expected, the most crucial thin burn programs but eventually. Chief developers of the community abandoned the concept of algorithmic stablecoins and launched the Terra Foundation launched a called... Luna reached its all-time high on April 6, 2022, at a price of just under $.. Terra chain without the algorithmic stablecoins and token us Congressman Proposes Bill Block... 91 % increase since January 2019 price trended toward $ 100, with its market fluctuating... If its price trended toward $ 100, with its market capitalisation fluctuating $. Can they recover Luna around 343 million as of may 4, inflated to over trillion. Of coins taken off exchanges by the community to get its act together but other... } Learn how your comment data is processed chief developers of the total token supply burn programs but eventually! 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