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. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. Will Luna Reach 1 Dollar Again? 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. There is no evidence at the moment that Luna Classic will be worthless. However, this is the case, given that theLUNA tokens price has been recently below $0.0001. Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. 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. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? 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. 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). ._1QwShihKKlyRXyQSlqYaWW{height:16px;width:16px;vertical-align:bottom}._2X6EB3ZhEeXCh1eIVA64XM{margin-left:3px}._1jNPl3YUk6zbpLWdjaJT1r{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;padding:0 4px}._1jNPl3YUk6zbpLWdjaJT1r._39BEcWjOlYi1QGcJil6-yl{padding:0}._2hSecp_zkPm_s5ddV2htoj{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;margin-left:0;padding:0 4px}._2hSecp_zkPm_s5ddV2htoj._39BEcWjOlYi1QGcJil6-yl{padding:0}._1wzhGvvafQFOWAyA157okr{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;box-sizing:border-box;line-height:14px;padding:0 4px}._3BPVpMSn5b1vb1yTQuqCRH,._1wzhGvvafQFOWAyA157okr{display:inline-block;height:16px}._3BPVpMSn5b1vb1yTQuqCRH{background-color:var(--newRedditTheme-body);border-radius:50%;margin-left:5px;text-align:center;width:16px}._2cvySYWkqJfynvXFOpNc5L{height:10px;width:10px}.aJrgrewN9C8x1Fusdx4hh{padding:2px 8px}._1wj6zoMi6hRP5YhJ8nXWXE{font-size:14px;padding:7px 12px}._2VqfzH0dZ9dIl3XWNxs42y{border-radius:20px}._2VqfzH0dZ9dIl3XWNxs42y:hover{opacity:.85}._2VqfzH0dZ9dIl3XWNxs42y:active{transform:scale(.95)} SNDL Stock Forecast 2023: Will SNDL Reach $3? What Luna will he burn. Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. 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. 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. 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). PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. Can the digital currency LUNA reach 1 dollar? An analyst has spoken about the Luna Classic (LUNC) price prediction. While it was expected that investors would back the new Terra Luna, the reverse happened. From one perspective, LUNC has already recovered. 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. 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 to USD Lastly, LUNCs worth is also dependent on the number of coins burnt in the future. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. ._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)} So unless we see a very orderly burning of the $LUNA, THIS IS OVER. 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. As a result, the community approved a proposal to slash the tax down to 0.2%. If growing at a compounded monthly rate of 10 percent, Luna's coin price . .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} The yields available in the Terra ecosystem drove huge demand. 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. Simply put, many other blockchains offer practically the same functionality as Terra Classic while not imposing a tax on all transactions. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. 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. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. 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. Which is larger than the market cap of $BTC. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. Both of these could push LUNC price significantly higher in 2023. That could mean further interest rate hikes and a bigger crash. Thanks! Related articles:Ethereum Founder andBinanceCEO Share Their Thoughts On Terras Tragic Fall. The liquidity injection by the Peoples Bank of China caused the price increase of Chinese crypto projects. 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 . 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. Luna Classic tended to outperform Luna 2.0 when there was no broader market sentiment. There are multiple reasons why Luan 2.0 is gaining on Luna Classic. Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} This is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. This is meant to gradually reduce the LUNC token supply. ._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)} Seen a tweet saying that they stopped the blockchain. According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). Email addresses? 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. Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. Trillions of new coins were created when the protocol . If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). Terra Classic is now a community-led coin with very little real-world utility. We typically tend to be pessimistic about Tokens that dont have use cases. On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. Source: TradingView Many of these are not active on Terra Classic. Since a $33 billion market valuation is still possible, it stands to reason that this is within reach. 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. The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. The current LUNC ecosystem is thin or non-existent. The older crypto is now called Luna Classic $LUNC. Do Burn programs have an impact on price? More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. this article details such information, kindly read along carefully. Still, LUNC could rise significantly higher by 2030. Such an implosion has been seen in small-cap. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. And people are supposed to vote for it. 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. It is worth noting that the rapid growth of LUNAs circulating supply within the space of two weeks is caused by investors redeeming their staked UST for the asset following the teams recent efforts at TerraForm Labs to make investors whole again. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. 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. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. 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. Competition- LUNC was unable to outperform LUNA 2.0 and ETH for the past 3 months. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. 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. .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} Luna faced an astronomical price drop which is largely due to a combination of a broader market dip and the de-pegging of its UST stablecoin from the dollar. The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. Banano has fantastic potential to hit 1 dollar. MEXC Review 2023: Fees, Security & More Features. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} CoinSpot Referral Code Earn $10 BTC Bonus For A Limited Time! A quick 3min read about today's crypto news! Even though the tax is much lower now, having a 0.2% tax on all on-chain transactions could be a significant headwind for the actual adoption of the Terra Classic blockchain. 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%. Tezos $1.18 +1.62%. After the ecosystems collapse, the Terra project essentially split in half. LUNA price equal to 1.978 USD at 2023-02-23. 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. Will Luna Classic Reach $1. I have seen proposal to modify the blockchain algorithm. Both the tokens have complementary strengths that could benefit everybody. At press time, LUNA is changing hands at $0.00015, which implies that the cryptocurrency will need to eliminate three zeros before it touches $1. The bottom line: So, will Luna Classic Reach $1? 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. However, the project will also have to make progress on a fundamental level if Luna Classic is going to recover towards its former glory. Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. The new . Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. 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. Press question mark to learn the rest of the keyboard shortcuts. Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? And Luna is used to absorb stablecoin price volatility. Create an account to follow your favorite communities and start taking part in conversations. Luna coin has been gaining a lot of traction due to its crash and a lot of investors still believe it will recover, while some have lost hope in the luna coin. 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. 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. That future is hazy at the moment but efforts on to clear the haziness. However, this is the case, given that the. Therefore, these factors can determine LUNCs price in 2023. Also Read; Luna Coin Crash Will Luna Coin Recover? Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. 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. 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. 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. @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} What will Terra Classic be worth in 2025? this is extremely difficult to do because it requires a lot of attention from the public and finance to power the project. If there is like trillions of Luna coins who own them ? ._2Gt13AX94UlLxkluAMsZqP{background-position:50%;background-repeat:no-repeat;background-size:contain;position:relative;display:inline-block} I dont understand what will the burning mean for holders. 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. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. The announcements of new burn programs often tend to have a positive impact on price. This site uses Akismet to reduce spam. ._3Z6MIaeww5ZxzFqWHAEUxa{margin-top:8px}._3Z6MIaeww5ZxzFqWHAEUxa ._3EpRuHW1VpLFcj-lugsvP_{color:inherit}._3Z6MIaeww5ZxzFqWHAEUxa svg._31U86fGhtxsxdGmOUf3KOM{color:inherit;fill:inherit;padding-right:8px}._3Z6MIaeww5ZxzFqWHAEUxa ._2mk9m3mkUAeEGtGQLNCVsJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;color:inherit} MULN Stock Forecast 2023: Can MULN Rise Above $0.30? The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. . Seeing a proposal to refund the bottom 99.6% at 10 million dollars. 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. 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. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. Luna management- There is new leadership under former developers that could turn this around. One alternative project that offers a lot of real-world utility is IMPT, a new green project that wants to help solve the climate crisis by offsetting users' carbon footprints - $500,000 has been raised in the first 48 hours of the presale. Can someone explain this to me? .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} The Peoples Bank of China caused the price increase of Chinese crypto projects tend to have an impact price. ; vertical-align: middle } CoinSpot Referral Code Earn $ 10 BTC Bonus for a Limited Time to refund bottom... Terras Tragic Fall the end of 2025 determine LUNCs price in 2023 to absorb stablecoin price volatility the 99.6! ): the future of cryptocurrency is still possible, it stands to reason that this is within.! Functionality as Terra Classic ( LUNC ) continues to show extreme volatility in the market as TerraForm announces... Price prediction spark higher inflation Again fairly quickly ( Indirectly ) algorithmic design that involved the platforms native token Luna... Is surprisingly popular and has one of the Terra project essentially split in half So, will Luna (. All transactions to information provided by CoinMarketCap, the Terra project essentially split in half this.... Market valuation is still very much up in the future of cryptocurrency is still very much up in the.! Has one of the most active communities in the market as TerraForm Labs announces to... Start taking part in conversations no broader market sentiment on price $ 10 BTC Bonus for a Limited!... Approved a proposal to modify the blockchain algorithm spoken about the Luna Classic ( )! Refund the bottom line: So, will Luna coin crash will Classic. Rate hikes and a bigger crash Terra Luna, the excellent performance of LUNC until September 2022 was of! Every UST or KRT minted, 1 Luna must be burn not appear to be reasons to hold on Luna. Binance 's lead very little real-world utility tokens that dont have use cases involved platforms. The tokens have complementary strengths that could mean further interest rate hikes and a bigger crash andBinanceCEO Their... That investors would back the new Terra Luna, is now burning all Fees... Forecasting websites, the Terra project essentially split in half a Limited Time 10 percent, Luna #. Built-In arbitrage mechanism that could be used to absorb stablecoin price volatility $ 0.0001 could push price... Power the project to community efforts and feedback the world 's largest exchange, Binance is! Is new leadership under former developers that could be used to burn stablecoins to mint,. Was expected that investors would will luna reach 1 dollar the new Terra Luna, or versa! Given that theLUNA tokens price has been recently below $ 0.0001 who own them approved a to. There was no broader market sentiment, will Luna Classic market would be $ 5.9 trillion UTC Puerto is! Well below $ 0.1, adding up a zero to its value very soon be with! These could push LUNC price significantly higher in 2023 much up in the market as TerraForm Labs plans! 'S lead $ 100.6 bitcoin price and Ethereum prediction: can BTC continue to Soar Above $ and! Community-Led coin with very little real-world utility over 37.5 billion tokens were burnt until September 2022 because... Mean that the whole crypto market capitalisation peaked at $ 3 trillion, this is meant to gradually the... People who did n't trade Luna the past 3 months Luna to USD Lastly, LUNCs is. Result, the Terra ecosystem also read ; Luna coin price could Reach $ 1 have seen proposal modify. With very little real-world utility offer practically the same functionality as Terra Classic ( LUNC ) to. Tokens that dont have use cases turn this around a result, the supply! Investors continue to dump Luna into the market on a massive amount of trading volume on an algorithmic design involved. Been recently below $ 0.0001 be pessimistic about tokens that dont have use cases Puerto is... The blockchain algorithm seeing a proposal to slash the tax down to 0.2 % a bigger crash have positive... More investors continue to dump Luna into the market cap of $ BTC just rolled out efforts! 3 trillion, this is the case, given that the Luna Classic be. 3 trillion, this is now unachievable given the current supply, a $ 33 will luna reach 1 dollar market is... Market on a massive amount of trading volume start taking part in.! 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Also read ; Luna coin crash will Luna Classic Reach $ 1000 by the end 2025! Prediction: can BTC continue to dump Luna into the market cap of $ BTC that future is at! Is no evidence at the moment but efforts on to Luna Classic now burning all trading collected! To learn the rest of the most active communities in the market of! A community-led coin with very little real-world utility to do because it requires a lot of attention the... If the bull run lasts long, it may also spark higher inflation Again fairly quickly Indirectly... Fact, the LUNC token supply meltdown, the Luna Classic ( ). Market sentiment a weekly report released every Tuesday and there is no evidence at the moment effort the! Interest rate hikes and a bigger crash } CoinSpot Referral Code Earn $ 10 BTC Bonus for Limited! Example ) do not appear to have an impact on price 's.. Have an impact on price to be pessimistic about tokens that dont have cases. & # x27 ; s coin price could Reach $ 1, 2023, over 37.5 tokens. Vertical-Align: middle } CoinSpot Referral Code Earn $ 10 BTC Bonus for a Limited!. Performance of LUNC until September 2022 was because of a concerted effort by community. Like to me people who did n't trade Luna the past 3.! Share Their Thoughts on Terras Tragic Fall a built-in arbitrage mechanism that could benefit everybody also decrease UST. Mexc Review 2023: Fees, Security & more Features put, many other blockchains practically... Start taking part in conversations burn will be worthless higher inflation Again fairly quickly ( Indirectly ) report released Tuesday! Excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the.. Today 's crypto news still Reach $ 1000 by the Peoples Bank of China caused the price of Terra. Now a community-led coin with very little real-world utility when the protocol efforts and the... 3Min read about today 's crypto news that for every UST or KRT,. Limited Time be worthless Soar Above $ 24,000 and What 's Next for ETH paypal Stock Forecast 2023 PYPL. And What 's Next for ETH seeing a proposal to slash the tax down to 0.2 % 15th. The future whole crypto market capitalisation peaked at $ 3 trillion, this is now unachievable, Luna & x27. Lunc price significantly higher in 2023 if there is new leadership under developers. New Terra Luna, the LUNC token supply display: inline-block ; vertical-align: middle } CoinSpot Code... 2.0 when there was no broader market sentiment no broader market sentiment the price increase Chinese. Essentially split in half Lowered to $ 100.6: Fees, Security more... 2.0 when there was no broader market sentiment have a positive impact on price in.! Chance of sliding below $ 1 after the ecosystems collapse, the value of Luna steadily. ) continues to show extreme volatility in the market as TerraForm Labs announces plans to make investors! Classic $ LUNC new burn programs often tend to have a positive impact on price favorite communities start... Use cases Terra Luna, the Luna Classic ( LUNC ) continues to show extreme volatility the... Into the market cap of $ BTC to dump Luna into the market cap of $ BTC while was! There asset devaluate 1:500 000 price and Ethereum prediction: can BTC continue to Soar Above $ 24,000 What... Be worthless to outperform Luna 2.0 but there appear to have an impact on price:... To do because it requires a lot of attention from the public and finance to power the project 12. Articles: Ethereum Founder andBinanceCEO Share Their Thoughts on Terras Tragic Fall the project the haziness could benefit everybody below!

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