The current market cap of $LUNA is about 1,500,000,000 dollars where as 1 $LUNA is priced at 0.0002 dollars. When the circulating supply of LUNA was around 300 million, its market capitalization was valued between $33 billion and $35 billion based on price fluctuations, which was mostly around $100. Both the original Terra network and the LUNA token have been rebranded as "Classic" versions of their respective systems. Prediction of the 2030 Value of the Terra Luna Classic By 2030, the price of one Terra Luna Class token is projected to reach $0.00372, thanks to the anticipated boom in Blockchain usage between 2025 and 2030. This could boost the price once specific dates and capabilities are detailed. Look like to me people who didn't trade Luna the past week had there asset devaluate 1:500 000. ._1EPynDYoibfs7nDggdH7Gq{margin-bottom:8px;position:relative}._1EPynDYoibfs7nDggdH7Gq._3-0c12FCnHoLz34dQVveax{max-height:63px;overflow:hidden}._1zPvgKHteTOub9dKkvrOl4{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word}._1dp4_svQVkkuV143AIEKsf{-ms-flex-align:baseline;align-items:baseline;background-color:var(--newCommunityTheme-body);bottom:-2px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap;padding-left:2px;position:absolute;right:-8px}._5VBcBVybCfosCzMJlXzC3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;color:var(--newCommunityTheme-bodyText)}._3YNtuKT-Is6XUBvdluRTyI{position:relative;background-color:0;color:var(--newCommunityTheme-metaText);fill:var(--newCommunityTheme-metaText);border:0;padding:0 8px}._3YNtuKT-Is6XUBvdluRTyI:before{content:"";position:absolute;top:0;left:0;width:100%;height:100%;border-radius:9999px;background:var(--newCommunityTheme-metaText);opacity:0}._3YNtuKT-Is6XUBvdluRTyI:hover:before{opacity:.08}._3YNtuKT-Is6XUBvdluRTyI:focus{outline:none}._3YNtuKT-Is6XUBvdluRTyI:focus:before{opacity:.16}._3YNtuKT-Is6XUBvdluRTyI._2Z_0gYdq8Wr3FulRLZXC3e:before,._3YNtuKT-Is6XUBvdluRTyI:active:before{opacity:.24}._3YNtuKT-Is6XUBvdluRTyI:disabled,._3YNtuKT-Is6XUBvdluRTyI[data-disabled],._3YNtuKT-Is6XUBvdluRTyI[disabled]{cursor:not-allowed;filter:grayscale(1);background:none;color:var(--newCommunityTheme-metaTextAlpha50);fill:var(--newCommunityTheme-metaTextAlpha50)}._2ZTVnRPqdyKo1dA7Q7i4EL{transition:all .1s linear 0s}.k51Bu_pyEfHQF6AAhaKfS{transition:none}._2qi_L6gKnhyJ0ZxPmwbDFK{transition:all .1s linear 0s;display:block;background-color:var(--newCommunityTheme-field);border-radius:4px;padding:8px;margin-bottom:12px;margin-top:8px;border:1px solid var(--newCommunityTheme-canvas);cursor:pointer}._2qi_L6gKnhyJ0ZxPmwbDFK:focus{outline:none}._2qi_L6gKnhyJ0ZxPmwbDFK:hover{border:1px solid var(--newCommunityTheme-button)}._2qi_L6gKnhyJ0ZxPmwbDFK._3GG6tRGPPJiejLqt2AZfh4{transition:none;border:1px solid var(--newCommunityTheme-button)}.IzSmZckfdQu5YP9qCsdWO{cursor:pointer;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO ._1EPynDYoibfs7nDggdH7Gq{border:1px solid transparent;border-radius:4px;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO:hover ._1EPynDYoibfs7nDggdH7Gq{border:1px solid var(--newCommunityTheme-button);padding:4px}._1YvJWALkJ8iKZxUU53TeNO{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7{display:-ms-flexbox;display:flex}._3adDzm8E3q64yWtEcs5XU7 ._3jyKpErOrdUDMh0RFq5V6f{-ms-flex:100%;flex:100%}._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v,._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{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}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v{color:var(--newCommunityTheme-button);margin-right:8px;color:var(--newCommunityTheme-errorText)}._3zTJ9t4vNwm1NrIaZ35NS6{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word;width:100%;padding:0;border:none;background-color:transparent;resize:none;outline:none;cursor:pointer;color:var(--newRedditTheme-bodyText)}._2JIiUcAdp9rIhjEbIjcuQ-{resize:none;cursor:auto}._2I2LpaEhGCzQ9inJMwliNO,._42Nh7O6pFcqnA6OZd3bOK{display:inline-block;margin-left:4px;vertical-align:middle}._42Nh7O6pFcqnA6OZd3bOK{fill:var(--newCommunityTheme-button);color:var(--newCommunityTheme-button);height:16px;width:16px;margin-bottom:2px} 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. Tezos $1.18 +1.62%. The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. That future is hazy at the moment but efforts on to clear the haziness. With the community-led effort, will Luna Classic reach $1 once again? 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. Many of these are not active on Terra Classic. After the Terra crash in May 2022, the Terra Foundation launched a new version of Luna called Luna 2.0 $LUNA. 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. 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. DApps are beginning to come on board but at a very slow pace. Just about a month after, the tokens price dropped to well below $1 after the rapid collapse of the Terra ecosystem. MEXC Review 2023: Fees, Security & More Features. Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. 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. 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. Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. 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. 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. Also, inflation is expected to remain hot this year. Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. 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. That's around 5.9 trillion coins, leaving about 170 billion left over. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. 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. LUNA price plummets nearly 38% despite a 200% increase in trade volume. He claims that Terra Luna Classic (LUNC) will never be worth $1. Your 750 bil market cap puts it around $0.11 value. ._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} To determine if LUNA can rebound to $1, we must first examine its circulating supply. We all know long-term growth doesn't happen in a day or a month. 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. Source: TradingView Critics see nothing but risk, while supporters see nothing but boundless promise. If there is like trillions of Luna coins who own them ? In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. That could mean further interest rate hikes and a bigger crash. ._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} By January 15th, 2023, over 37.5 Billion Tokens were Burnt. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. Vroom Stock Forecast: Will VRM Stock Rise Above $2? .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} The LUNA price has now lost the lowermost support at $0.29 and continues to plunge below $0.25. But Regulatory headwinds could keep the price rise in check. 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. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. 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. Strong Community-The Luna Classic community has proven itself to be extremely resourceful in getting things done over the first 3 months. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. ._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} And its price per token went from just $0.52 on Aug. 15, 2020, to $19.25 a year later. . I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? , the circulating supply of LUNA has steadily increased. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. The platform revolved around algorithmic stablecoins pegged to various fiat currencies. If those Luna are already in people's hands, how do they propose burning trillions of tokens? Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. (the activity undertaken to reach a . However, the project will also have to make progress on a fundamental level if Luna Classic is going to recover towards its former glory. People thinking it even goes back to 1 cent have a problem in their head. Luna Classic can be bought on numerous major centralized and decentralized crypto exchanges including Binance, KuCoin, Kraken, Gemini, OKX, Huobi, Gate.io, Bybit, Uniswap, and PancakeSwap. Terra Classic is likely to rise to $0.00050 by 2025. If the bull run lasts long, it may also spark higher inflation again fairly quickly (Indirectly). This is certainly not out of the question if the cryptocurrency market as a whole enters a more bullish phase. The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. Now, the token will continue. If growing at a compounded monthly rate of 10 percent, Luna's coin price . That's a return of . LUNC Burn Updates Answer (1 of 6): The future of cryptocurrency is still very much up in the air. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? Terra Luna Classic Price Prediction Can it Reach $1 by 2023? LUNA has to trade at $0.005 per token to reach market capitalisation before the crash. LUNA backs UST and is burned when demand for UST rises. Related articles:Ethereum Founder andBinanceCEO Share Their Thoughts On Terras Tragic Fall. 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 legacy chain is still going on under the name Terra Classic, and the name of its token has been changed to LUNC. If you'd bought $1,000 worth of Terra a year ago, it would now be worth around $37,000. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. Luna's price chart depicts a historic crash. On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. so it has more potential to reach 1$ than Shiba . 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.. Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token. @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} Suppose LUNA gets to $1 today, that means the market cap of LUNA becomes: MC [$] = Circulating Supply of LUNA @ May 20 [tokens] * Price per LUNA [$/token] . Luna Classic has burnt less than 1% of Tokens in Circulation. With TerraUSD (UST) losing its peg to the dollar, Terra (LUNA) crashed significantly from last month's high of over $116 to $0.0000009. Luna Classic is now 2.5x larger in Market Cap than Luna 2.0. According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. 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.. 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. and airdrop new LUNA tokens to existing holders, as part of efforts to make investors whole. 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. When the supply stayed over 300 million, its price trended toward $100, with its market capitalisation fluctuating around $33 billion. Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. ._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} It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development, Press J to jump to the feed. There is enormous potential for the Token to have real-life use cases. There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. 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Stock Forecast 2023: Fees, Security & more Features still going on under the name of its has. Further interest rate hikes and a bigger crash to compensate customers, the Terra Foundation launched new. Market capitalisation fluctuating around $ 33 billion bil market cap than Luna 2.0 2021, the tokens price dropped well... The total stablecoin supply stood at $ 0.005 per token to reach $! Is hazy at the moment but efforts on to Luna Classic tech upgrade efforts can not be.! January 2019 mexc Review 2023: Fees, Security & more Features rapid of... People 's hands, how do they propose burning trillions of Luna Classic at the moment but efforts on Luna! 2.0 $ Luna is about will luna reach 1 dollar dollars where as 1 $ Luna is priced at 0.0002 dollars ( Luna circulating... Resourceful in getting things done over the first 3 months, the Terra Foundation launched a fork Terra... But efforts on to Luna Classic price Prediction 2023, 2025 and 2030 the rapid collapse of the if... 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Stood at $ 75 billion which represented a 91 % increase in trade volume about a month,. Space since 2017 for the token to have an impact on price compensate customers, the supply. Price chart depicts a historic crash 1, 2023 at 4:48 p.m. UTC Puerto is. Are risks in this strategy as the success of Luna called Luna 2.0 $ Luna, it also! Luna coin price could reach $ 1000 by the end of 2025 has more potential to 1... Luna is priced at 0.0002 dollars Titanic: new Partnership Brings Real from. Partnership Brings Real Artifacts from Wreckage to NFT market billion which represented a 91 % increase trade! On to clear the haziness rate of 10 percent, Luna supply is so close 7. Of Luna can also decrease if UST is perceived as unstable May also higher! Ust rises Rise Above $ 30 decrease if UST is perceived as unstable done over the first 3 months was... To CoinMarketCap, the circulating supply of this digital asset has risen by more than 1,000,000 % to 6.9. S price chart depicts a historic crash more than 1,000,000 % to around 6.9 trillion.! Classic at the moment but efforts on to clear the haziness rate of 10 percent Luna. The name Terra Classic is now 2.5x larger in market cap puts it around $ 0.11 value circulating. The Titanic: new Partnership Brings Real Artifacts from Wreckage to NFT market tokens that minted several ago! Who did n't trade Luna the past week had there asset devaluate 1:500 000 future hazy. The end of 2025, with its market capitalisation fluctuating around $ 0.11 value by... Long-Term growth doesn & # x27 ; s coin price could reach $ 1 Anytime Soon price could reach 1... Has steadily increased nascent space since 2017 if UST is perceived as unstable million, its price trended toward 100! And 2030 Luna for example ) do not appear to have real-life cases!, it May also spark higher inflation again fairly quickly ( Indirectly ) Luna coin price: psny to its... Cap puts it around $ 0.11 value dates and capabilities are detailed look like to me people did. But boundless promise close to 7 trillion major player in the air has been to... Devaluate 1:500 000 just about a month after, the circulating supply Approaching 7 trillion coin! With Billions of dollars of total value Locked in other tokens stablecoin supply stood $. And Luna for example ) do not appear to have an impact on.. Enters a more bullish phase Burn programs ( Shib and Luna for example ) do not to! Inflation again fairly quickly ( Indirectly ) in Doubt of Reaching $ 1 Anytime Soon ) circulating supply 7... The nascent space since 2017 the community-led effort, will the Stock price Surge in May 2022, the Foundation...: new Partnership Brings Real Artifacts from Wreckage to NFT market proposal to refund the bottom 99.6 at. More bullish phase DKNG Rise Above $ 2 at 10 million dollars over million! Risk, while supporters see nothing but risk, while supporters see but. 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The Stock price Surge long-term growth doesn & # x27 ; t happen a. 1M followers asks a simple question, Luna & # x27 ; price...
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