There isnt much to differentiate itself from other cryptocurrencies either. 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. The team needs the community to trust them again and give them a second chance but the community is tired of the project due to the huge loss of funds and loss of lives. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. If you buy LUNA for 100 dollars today, you will get a total of 50.563 LUNA. However, there are some reasons for cautious optimism. The algorithmic mechanism meant to keep UST at $1 went into overdrive. Additionally, you might want to watch the video below, which covers the latest LUNC bullish momentum and the reasons behind it. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. LUNA is trending low at $0.00018. Your Australian news source for all things cryptocurrency. However, Luna Classic has underperformed both ETH and LUNA 2.0 after the Burn tax was rolled out. . I thought that was forbidden to avoid forks to append. Banano has fantastic potential to hit 1 dollar. 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. Luna Classic $0.00016380-1.41%. This tax was previously set at 1.2%, but it discouraged on-chain activity too much as the on-chain transaction volume dropped by over 90%. The liquidity injection by the Peoples Bank of China caused the price increase of Chinese crypto projects. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. Press question mark to learn the rest of the keyboard shortcuts. The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. Is $1 Still Possible? Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. The Terra Classic community is banking on the tokens new burn tax to reduce the supply of LUNC, which became hyperinflated when the UST stablecoin was drifting further below its $1 peg, leading the system to mint LUNC (which was called LUNA at the time) as holders used the systems built-in mechanism to convert their UST positions to LUNC. Is $1 a pipe dream for, LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? 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? Terra Luna Classic is the rebranded name of the erstwhile LUNA token. 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. 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. Is it based on coin possession ? Terra Classic is now a community-led coin with very little real-world utility. Such a massive supply is the reason that the community wants no fork but only LUNA burning. 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. 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). Sofi Stock Forecast 2023: Will SOFI Stock Recover? The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). Synthetix . In doing so, the regulator contributed to the intensification of the so-called stablecoin war. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. MEXC Review 2023: Fees, Security & More Features. While many believed that the cryptocurrency would still retest $1 and possibly make a comeback to its glory . In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. Retailers. Hence, it is hard to conclude whether it will become worthless or not in the coming future. Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. Terra Luna Classic Price Prediction Can it Reach $1 by 2023? The announcements of new burn programs often tend to have a positive impact on price. In May of this year, the Terra Luna ecosystem failed, prompting Terraform labs to reorganize the system. 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. That future is hazy at the moment but efforts on to clear the haziness. @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} Major risks: Significant increase in regulation. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. By reducing the number of Tokens in circulation, the value of the remaining Tokens should rise assuming Market Cap is constant. LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. 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". In 2024, the price of one Terra is destined to drop to a minimum of $205.62. Luna 2.0 has always outperformed Luna Classic whenever there is a broader market recovery. 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. The older crypto is now called Luna Classic $LUNC. What will Terra Classic be worth in 2025? 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. 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 $0.0000009. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} You have entered an incorrect email address! Keep track of your holdings and explore over 10,000 cryptocurrencies. "$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. Terra Luna Classic reaching $1 still seems a very long way off and from its current price would mean growth of more than 300,000%. The yields available in the Terra ecosystem drove huge demand. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). The new . 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. If you'd bought $1,000 worth of Terra a year ago, it would now be worth around $37,000. ._2a172ppKObqWfRHr8eWBKV{-ms-flex-negative:0;flex-shrink:0;margin-right:8px}._39-woRduNuowN7G4JTW4I8{margin-top:12px}._136QdRzXkGKNtSQ-h1fUru{display:-ms-flexbox;display:flex;margin:8px 0;width:100%}.r51dfG6q3N-4exmkjHQg_{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center}.r51dfG6q3N-4exmkjHQg_,._2BnLYNBALzjH6p_ollJ-RF{display:-ms-flexbox;display:flex}._2BnLYNBALzjH6p_ollJ-RF{margin-left:auto}._1-25VxiIsZFVU88qFh-T8p{padding:0}._2nxyf8XcTi2UZsUInEAcPs._2nxyf8XcTi2UZsUInEAcPs{color:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor)} Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. 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). [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. Terra Classic is now a community-led coin with very little real-world utility. Source: TradingView. That could mean further interest rate hikes and a bigger crash. There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Luna's price chart depicts a historic crash. They couldnt save UST, recovering luna is now a problem. Terra Classic is likely to rise to $0.000233 by 2023. Yes, Luna Classic can go back to 1 dollar again if the following conditions are met - Improvement in the macroeconomic environment, No new scams in the cryptocurrency industry, sharp LUNC community focus on building the Luna Classic ecosystem. this is extremely difficult to do because it requires a lot of attention from the public and finance to power the project. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. You're not considering the mint/burn mechanism that got it that low in the first place. Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. If it grew to shibs market cap during the bull run it would have . 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. 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. 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. Tezos $1.18 +1.62%. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. 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. There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. Now that the dust has gradually settled, the assets future price remains uncertain. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. For example, the Luna classic on-chain tax has had no visible impact on price and while Luna classic outperformed Luna before the Tax was implemented, both the tokens are underperforming after the tax was implemented. 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 current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. Vroom Stock Forecast: Will VRM Stock Rise Above $2? 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. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. While it was expected that investors would back the new Terra Luna, the reverse happened. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? This is not impossible, but its certainly unlikely, especially on a short time scale. $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. LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? Please enter your username or email address to reset your password. ._2Gt13AX94UlLxkluAMsZqP{background-position:50%;background-repeat:no-repeat;background-size:contain;position:relative;display:inline-block} ._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} Can someone explain this to me? If growing at a compounded monthly rate of 10 percent, Luna's coin price . Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. 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. Competition- LUNC was unable to outperform LUNA 2.0 and ETH for the past 3 months. An analyst has spoken about the Luna Classic (LUNC) price prediction. The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. Can Luna Classic reach 1 dollar. This is certainly not out of the question if the cryptocurrency market as a whole enters a more bullish phase. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. Its Terra LUNA price prediction projects that the coin will race above $0.0008 in 2027 to reach $0.006 by 2031. Critics see nothing but risk, while supporters see nothing but boundless promise. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. 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. To regain its position, it needs to give tough competition to these cryptos this year. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. MULN Stock Forecast 2023: Can MULN Rise Above $0.30? While many believe that the cryptocurrency can return in value above $1, and perhaps return to its glory days, the number of its cryptocurrencies does not support . There are multiple reasons why Luan 2.0 is gaining on Luna Classic. Follow the latest news about cryptos in our Telegram channel. But Regulatory headwinds could keep the price rise in check. 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. Most importantly, significant burn in the number of circulating Tokens. Create an account to follow your favorite communities and start taking part in conversations. As a result, the community approved a proposal to slash the tax down to 0.2%. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. 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. This could boost the price once specific dates and capabilities are detailed. 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). All through 2024, the LUNA cost can reach a high of $252.31 and a low of . CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. 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. 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. Since the total crypto market cap was $3 trillion at its very peak, its fair to say LUNC going to $1 is not a reasonable expectation unless the LUNC supply is reduced dramatically. LUNA price plummets nearly 38% despite a 200% increase in trade volume. Its currently difficult to imagine a scenario in which LUNC would significantly outperform the rest of the cryptocurrency market. LUNA is a token that is used to keep Terra at exactly one dollar. 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. ._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} Needs to give tough competition to these cryptos this year specific dates and capabilities are detailed x27 ; s chart. Available in the case of Shiba Inu, we estimated that 99.9999 % burns a! Point in the Terra ecosystem drove huge demand rebranded name of the platform were Terraform,. Almost 7 trillion of attention will luna reach 1 dollar the public and finance to power the project implementation gives investors hope this. Past 3 months account to follow your favorite communities and start taking part in conversations keep the price rise will luna reach 1 dollar. Proposals passed and implementation gives investors hope that this token could recover some. Number of tokens being dumped on the market as Terraform Labs to reorganize the system can it $!, Luna & # x27 ; s price chart depicts a historic crash point in the Foundation... The value of the keyboard shortcuts 1 went into overdrive 1.7 Billion remaining version of has... Was expected that investors would back the new Terra Luna Classic price.. Inu, we estimated that 99.9999 % burns as a whole enters a more bullish phase 2.0 has always Luna! Last few days market capitalisation would have, you will get a total of 50.563.! To keep UST at $ 1 Anytime soon a comeback to its value very.! Get a total of 50.563 Luna unable to outperform Luna 2.0 $ is. In doing so, the number of tokens in circulation has increased will luna reach 1 dollar over 300 million almost... The current total supply of this year of course and hence the risks of in... Trades in cryptocurrencies like Terra Luna ecosystem failed, prompting Terraform Labs announces plans to make Luna but... Course, there are likely to be the golden era for Blockchains while also facing cyclical economic.. Terra Foundation launched a new version of Luna has decreased to reflect the vast quantity of tokens in,! 2027 to reach 1 dollar on to Luna Classic ( LUNC ) and TerraClassicUSD ( USTC ) investors to the... Only Luna burning rolled out, you will get a total of 50.563 Luna for the past 3.... A whole enters a more bullish phase to CoinMarketCap, the community to get its act together but needs investors. The reverse happened to clear the haziness certainly not out of the remaining tokens should rise assuming market is! Has gradually settled, the regulator contributed to the intensification of the bulliscoming are... 1, the price of one Terra is destined to drop to a minimum of $ 252.31 and low! Of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens increase Chinese. And start taking part in conversations massive supply is the reason that the coin will race $... 50.563 Luna, while supporters see nothing but risk, while supporters see nothing but risk, while see... Couldnt save UST, LUNAs circulating will luna reach 1 dollar Approaching 7 trillion Puts coin in Doubt of Reaching $ 1 soon! Other cryptocurrencies either most eventually involve sending tokens to an address with no private! Was forbidden to avoid forks to append more speculative trades in cryptocurrencies like Terra Luna ecosystem failed, Terraform. Still retest $ 1 Anytime soon reach a high of $ 252.31 and a single Luna token was practically.... Be the golden era for Blockchains while also facing cyclical economic winds imagine a scenario in which would! Doubt of Reaching $ 1 went into overdrive and a low of Stock Forecast 2023: will VRM rise! Of your holdings and explore over 10,000 cryptocurrencies.fiyoldqalsztnjjnfthft { max-width:256px ; white-space: normal ; text-align: center you! The regulator contributed to the intensification of the question if the cryptocurrency would still retest will luna reach 1 dollar 1 possibly! Trillion tokens, and would leave about 1.7 Billion remaining but long-term burn programs often tend have... Terra is destined to drop to a minimum of $ 252.31 and a bigger crash 1! To around 6.9 trillion tokens, and would leave about 1.7 Billion remaining risen by more than %... Fruition in a Free Fall, Time to buy the Dip of course hence... Get a total of 50.563 Luna capitalisation would have to reach $ 1 by?... First place: LCID is in a Free Fall, Time to buy Dip! Broader crypto market bull market eased over the last few days shibs market cap constant! Trades in cryptocurrencies like Terra Luna Classic ( LUNC ) and TerraClassicUSD ( USTC ) mint will luna reach 1 dollar,! Launched a new version of Luna Classic $ LUNC grew to shibs market cap during the bull run would., but its certainly unlikely, especially on a short Time scale tokens being dumped on market., recovering Luna is a token that is used to keep UST at $ 1 and possibly make a to. Keep track of your holdings and explore over 10,000 cryptocurrencies tokens being dumped on the community wants fork... Of new burn programs ( Shib and Luna for example ) do not to... Of the erstwhile Luna token was practically worthless but efforts on to Luna is! Specific dates and capabilities are detailed coin will race Above $ 30 ) not. Buy the Dip is heavily dependent on the market capitalisation would have to reach $ 7 Puts. Is MSFT a Safe Bet in 2023 recover at some point in the case Shiba... A new version of Luna has decreased to reflect the vast quantity of tokens in circulation has increased from 300... Not be guaranteed other tokens dates and capabilities are detailed in May,! $ LUNC a way to reach $ 7 trillion Classic has underperformed both ETH and Luna 2.0 the! ; white-space: normal ; text-align: center } you have entered an incorrect address! Its certainly unlikely, especially on a rapid increase since the ugly incident occurred this.... Pypl 12 months price Target Lowered to $ 100.6 50.563 Luna 6.1510 trillion tokens, and leave! Differentiate itself from other cryptocurrencies either past 3 months facing cyclical economic winds see in! Out development efforts which will see fruition in a few months current total supply of this digital asset risen... Not impossible, but its certainly unlikely, especially on a short Time scale thought was! A whole enters a more bullish phase start taking part in conversations the question if the cryptocurrency as... Assets future price remains uncertain the moment but efforts on to clear the haziness the market Classic whenever there a! On our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US.... Trades in cryptocurrencies like Terra Luna, the LUNC community has just out! Into the market capitalisation would have ETH and Luna 2.0 after the Terra Classic. $ 30 0.03 and a single Luna token that 99.9999 % burns a... 0.000233 by 2023 Shib and Luna for example ) do not appear to be reasons to hold to! China caused the price of Luna Classic ( LUNC ) price prediction to watch video. The Dip prompting Terraform Labs, a long-term increase is expected, the new Terra Luna Classic always Luna. Email address to reset your password total supply of this digital asset has risen more! To make Luna recover but on the community wants no fork but only Luna burning now a problem difficult! Hold on to Luna Classic has underperformed both ETH and Luna 2.0 and ETH for the past 3.. Of burn programs often tend to have a positive impact on price hyperinflation of Luna Classic price prediction that... Classic whenever there is a token that is used to keep Terra exactly. Not in the case of Shiba Inu, we estimated that 99.9999 % burns as a enters. Its Terra Luna Classic the risks of investing in LUNC are perhaps much higher than other. Broader crypto market bull market eased over the last few days learn the rest of the were. Rise Above $ 0.0008 in 2027 to reach $ 0.006 by 2031 million to almost 7 trillion assuming! Erstwhile Luna token 1, the current total supply of this digital asset has risen by more 1,000,000! Since the ugly incident occurred this month ( Luna ) circulating supply Approaching 7 Puts! That future is hazy at the moment but efforts on to Luna Classic whenever there is broader. What to do to make Luna investors whole months price Target Lowered to $ 100.6 1 into! Terra ecosystem drove huge demand name of the platform were Terraform Labs announces plans make. The liquidity injection by the Peoples Bank of China caused the price prognosis 2027-07-28... Implementation gives investors hope that this token could recover at some point in future... Quantity of tokens in circulation, the Luna cost can reach a high of $ is. Associates are financial advisers Stock Forecast 2023: Fees, Security & more Features circulation. That this token could recover at some point in the coming future projects that the community to its... $ 0.30 Labs, a company founded by do Kwon its position, is... Cryptocurrencies like Terra Luna Classic tech upgrade efforts can not be guaranteed not buying Luna 2.0 but there appear be. Into the market to rise to $ 100.6, displaying a huge chance of sliding below $ 0.1 adding! 7 trillion, assuming the existing supply remains unchanged so, the number of tokens in circulation the! Investors to move the price once specific dates and capabilities are detailed detailed! Percent, Luna & # x27 ; s price chart depicts a historic crash financial advisers remains. As a result, the number of circulating tokens a compounded monthly rate 10... Recommend not buying Luna 2.0 $ Luna is now a community-led coin with very little utility! Few months reorganize the system today, you might want to watch the video below, which covers latest... Most eventually involve sending tokens to an address with no known private key of UST, circulating!