If there is like trillions of Luna coins who own them ? We anticipate the Luna Classic to drop to zero and the Tamadoge Meme Coin to reach one dollar before they are fully integrated into Terra Luna's economy.. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. Will Luna Reach 1 Dollar Again? Moreover, Anchor Protocol (ANC) which had proposed a cut in the interest rate from 19.5% to 4% also received significant backlash. Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. The involvement of the community has gone far beyond burning (like Shiba for example). document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). With TerraUSD (UST) losing its peg to the dollar, Terra (LUNA) crashed significantly from last month's high of over $116 to $0.0000009. We anticipate 2025-30 to be the golden era for Blockchains while also facing cyclical economic winds. The platform had a built-in arbitrage mechanism that could be used to burn stablecoins to mint LUNA, or vice versa. The LUNC community executed LUNC Burn quite efficiently and is currently in the process of upgrading the tech infrastructure. 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. ._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)} If growing at a compounded monthly rate of 10 percent, Luna's coin price . ._1aTW4bdYQHgSZJe7BF2-XV{display:-ms-grid;display:grid;-ms-grid-columns:auto auto 42px;grid-template-columns:auto auto 42px;column-gap:12px}._3b9utyKN3e_kzVZ5ngPqAu,._21RLQh5PvUhC6vOKoFeHUP{font-size:16px;font-weight:500;line-height:20px}._21RLQh5PvUhC6vOKoFeHUP:before{content:"";margin-right:4px;color:#46d160}._22W-auD0n8kTKDVe0vWuyK,._244EzVTQLL3kMNnB03VmxK{display:inline-block;word-break:break-word}._22W-auD0n8kTKDVe0vWuyK{font-weight:500}._22W-auD0n8kTKDVe0vWuyK,._244EzVTQLL3kMNnB03VmxK{font-size:12px;line-height:16px}._244EzVTQLL3kMNnB03VmxK{font-weight:400;color:var(--newCommunityTheme-metaText)}._2xkErp6B3LSS13jtzdNJzO{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-top:13px;margin-bottom:2px}._2xkErp6B3LSS13jtzdNJzO ._22W-auD0n8kTKDVe0vWuyK{font-size:12px;font-weight:400;line-height:16px;margin-right:4px;margin-left:4px;color:var(--newCommunityTheme-actionIcon)}._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y{border-radius:4px;box-sizing:border-box;height:21px;width:21px}._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y:nth-child(2),._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y:nth-child(3){margin-left:-9px} Banano has fantastic potential to hit 1 dollar. 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. Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. 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. However, this is the case, given that the. 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. Trillions of new coins were created when the protocol . LUNC has outperformed ETH and even LUNA 2.0 since it was launched. They are on exchanges, currently being traded. 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. I thought that was forbidden to avoid forks to append. 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. Luna's price chart depicts a historic crash. LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. In 2024, the price of one Terra is destined to drop to a minimum of $205.62. However, the intense community engagements make Luna Classic different. Luna Classic has burnt less than 1% of Tokens in Circulation. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. Based on our prediction, LUNA could hit $1,000 at some point in 2028. Add on investors selling LUNA themselves in the panic, plus liquidations, and the result was LUNA dropping over 99% from its all time high of $119 to under a dollar, then 99% again to one. Is it based on coin possession ? Tezos $1.18 +1.62%. Can Luna Classic reach 1 dollar. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. PayPal Stock Forecast 2023: PYPL 12 Months Price Target Lowered to $100.6. Many of these are not active on Terra Classic. Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. Since the total crypto market cap was $3 trillion at its very peak, its fair to say LUNC going to $1 is not a reasonable expectation unless the LUNC supply is reduced dramatically. Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar so it has more potential to reach 1$ than Shiba . Its currently difficult to imagine a scenario in which LUNC would significantly outperform the rest of the cryptocurrency market. The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. 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. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? The news about Terra Classic (LUNC), the new crypto from LUNA, does not stop. Such a massive supply is the reason that the community wants no fork but only LUNA burning. There isnt much to differentiate itself from other cryptocurrencies either. Yes. The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. .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} Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. Your 750 bil market cap puts it around $0.11 value. However, USTs peg to the US dollar came under pressure in May 2022, when the stablecoin price began slipping below its $1 target. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. Vroom Stock Forecast: Will VRM Stock Rise Above $2? The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. From one perspective, LUNC has already recovered. Is $1 a pipe dream for $LUNA and $UST?. 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. This is a high-risk forecast which means that there is a high possibility of failure. 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. He claims that Terra Luna Classic (LUNC) will never be worth $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. Luna Classic is one of those Tokens. An analyst has spoken about the Luna Classic (LUNC) price prediction. And Luna is used to absorb stablecoin price volatility. Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. 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