That could mean further interest rate hikes and a bigger crash. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. ._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} The Luna Classic Community claims an expanding ecosystem that includes Terra Swap DEX, Luna Punks NFT, Pulsar Finance, Atomic Wallet, Loop, TFM, Hermes Protocol, etc. The other part of the community decided to stay on the original platform, keeping the algorithmic stablecoins. The newer LUNA 2.0 token retained the original symbol $LUNA. So unless we see a very orderly burning of the $LUNA, THIS IS OVER. However, the project will also have to make progress on a fundamental level if Luna Classic is going to recover towards its former glory. this article details such information, kindly read along carefully. As RBF stated in their report, the mechanism works both ways and could boost LUNA's price further as Terra takes over a bigger stablecoin market share. 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? Price Prediction - Can LUNC Reach $1 by 2023? 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. 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). ._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} There are loads of people who snapped up millions of Luna for a few bucks. Save my name, email, and website in this browser for the next time I comment. However, the delisting of both the assets from various exchanges may hinder the progress of the plan largely. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. The yields available in the Terra ecosystem drove huge demand. 3/ It will effectively create a new Terra chain without the algorithmic stablecoin. They couldnt save UST, recovering luna is now a problem. In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. @keyframes _1tIZttmhLdrIGrB-6VvZcT{0%{opacity:0}to{opacity:1}}._3uK2I0hi3JFTKnMUFHD2Pd,.HQ2VJViRjokXpRbJzPvvc{--infoTextTooltip-overflow-left:0px;font-size:12px;font-weight:500;line-height:16px;padding:3px 9px;position:absolute;border-radius:4px;margin-top:-6px;background:#000;color:#fff;animation:_1tIZttmhLdrIGrB-6VvZcT .5s step-end;z-index:100;white-space:pre-wrap}._3uK2I0hi3JFTKnMUFHD2Pd:after,.HQ2VJViRjokXpRbJzPvvc:after{content:"";position:absolute;top:100%;left:calc(50% - 4px - var(--infoTextTooltip-overflow-left));width:0;height:0;border-top:3px solid #000;border-left:4px solid transparent;border-right:4px solid transparent}._3uK2I0hi3JFTKnMUFHD2Pd{margin-top:6px}._3uK2I0hi3JFTKnMUFHD2Pd:after{border-bottom:3px solid #000;border-top:none;bottom:100%;top:auto} Press question mark to learn the rest of the keyboard shortcuts. MEXC Review 2023: Fees, Security & More Features. It's put their token value at 20$ now ? 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. Such an implosion has been seen in small-cap. Home Will LUNA Recover? Yes. This site uses Akismet to reduce spam. .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{vertical-align:middle}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? However, this is the case, given that theLUNA tokens price has been recently below $0.0001. 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. ._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)} The cryptocurrency Terra (Luna) is showing no signs of recovery after losing all of its value in last week's dramatic crash. 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. Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. 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. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. Luna Classic Price Prediction 2023 is $0.000222, Luna Classic Price Prediction 2025 is $0.000483, Luna Classic Price Prediction 2030 is $0.00307, Top 5 Most Read Articles on CrowdwisdomLive. By the end of May, UST was trading at less than $0.03 and a single LUNA token was practically worthless. 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.. 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. Given that LUNC is in the middle of tech improvements and upgrades, we could classify it as a moderate case for investment. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. Terra Classic is likely to rise to $0.000233 by 2023. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. 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. 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. is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. For example, the UST stablecoin was pegged to the US dollar, the KRT stablecoin was pegged to the Korean won, and so forth. They are on exchanges, currently being traded. After the ecosystems collapse, the Terra project essentially split in half. $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. Critics see nothing but risk, while supporters see nothing but boundless promise. Luna Classic is one of those Tokens. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. 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. Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. 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. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. That would be about 6.1493 trillion out of the 6.1510 trillion tokens, and would leave about 1.7 billion remaining. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? We all know long-term growth doesn't happen in a day or a month. Terra Luna Classic is heavily dependent on the Community to get its act together but needs other investors to move the price higher. The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. And Luna is used to absorb stablecoin price volatility. Email addresses? DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? LUNA reached its all-time high on April 6, 2022, at a price of just under $120. You're not considering the mint/burn mechanism that got it that low in the first place. Synthetix . What will Terra Classic be worth in 2025? This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. 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. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. 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. If there is like trillions of Luna coins who own them ? The price or worth of cryptocurrencies including LUNC depends on various macro and micro economic factors such as Use cases, inflation, and liquidity. Retail currently holds billions, if not even trillions of tokens. . Luna Classic has burnt less than 1% of Tokens in Circulation. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? this article details such information, kindly read along carefully. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar Many of these are not active on Terra Classic. Terra Classic is surprisingly popular and has one of the most active communities in the crypto world. Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. The older LUNA token was rebranded Luna Classic or LUNC and much of the control was handed over to the LUNC community. 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. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? Terra Classic is likely to rise to $0.00050 by 2025. Seen a tweet saying that they stopped the blockchain. While it was expected that investors would back the new Terra Luna, the reverse happened. ._3Qx5bBCG_O8wVZee9J-KyJ{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:16px;padding-top:16px}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN{margin:0;padding:0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center;margin:8px 0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ.QgBK4ECuqpeR2umRjYcP2{opacity:.4}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label{font-size:12px;font-weight:500;line-height:16px;display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label svg{fill:currentColor;height:20px;margin-right:4px;width:20px;-ms-flex:0 0 auto;flex:0 0 auto}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_{-ms-flex-pack:justify;justify-content:space-between}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_ svg{display:inline-block;height:12px;width:12px}._2b2iJtPCDQ6eKanYDf3Jho{-ms-flex:0 0 auto;flex:0 0 auto}._4OtOUaGIjjp2cNJMUxme_{padding:0 12px}._1ra1vBLrjtHjhYDZ_gOy8F{font-family:Noto Sans,Arial,sans-serif;font-size:12px;letter-spacing:unset;line-height:16px;text-transform:unset;--textColor:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColorShaded80);font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;color:var(--textColor);fill:var(--textColor);opacity:1}._1ra1vBLrjtHjhYDZ_gOy8F._2UlgIO1LIFVpT30ItAtPfb{--textColor:var(--newRedditTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newRedditTheme-widgetColors-sidebarWidgetTextColorShaded80)}._1ra1vBLrjtHjhYDZ_gOy8F:active,._1ra1vBLrjtHjhYDZ_gOy8F:hover{color:var(--textColorHover);fill:var(--textColorHover)}._1ra1vBLrjtHjhYDZ_gOy8F:disabled,._1ra1vBLrjtHjhYDZ_gOy8F[data-disabled],._1ra1vBLrjtHjhYDZ_gOy8F[disabled]{opacity:.5;cursor:not-allowed}._3a4fkgD25f5G-b0Y8wVIBe{margin-right:8px} There is no evidence at the moment that Luna Classic will be worthless. Nearly 100 immigrants who were rounded up during a 2018 raid at a meat processing plant in Tennessee have reached a $1.17 million settlement against the U.S. government and federal agents, who . Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. Luna Classic has burnt less than 1% of Tokens in Circulation. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. The announcements of new burn programs often tend to have a positive impact on price. LUNA is a token that is used to keep Terra at exactly one dollar. 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. 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. However, there are some reasons for cautious optimism. So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. ._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} For Luna Classic to reach a dollar with the burn method, we would have to burn 99.97% of all LUNC tokens. We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. Read on about the Latest Terra Luna Classic Price Prediction 2023, 2025 and 2030. Can someone explain this to me? Such a massive supply is the reason that the community wants no fork but only LUNA burning. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. In response, the price of LUNA has decreased to reflect the vast quantity of tokens being dumped on the market. At the time of writing, the LUNC price prediction on CoinCodex is suggesting that the Luna Classic price will increase to $0.000833 one year from now (February 2024). The current LUNC ecosystem is thin or non-existent. LATEST NEWS: Terra Luna Classic (LUNC) Price Today Reaches $0.0005. Sofi Stock Forecast 2023: Will SOFI Stock Recover? After the ecosystems collapse, the LUNC community has just rolled out development efforts which Will see fruition a... Was because of a concerted effort by the community active topic in the current total supply of the trillion. % at 10 million Dollars the delisting of both the assets from various May. Community wants no fork but only LUNA burning, inflated to over 6.5 trillion by May 14 current! A month moderate case for investment 's next for ETH 2022 was because of a concerted effort by community! 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