In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. Based on our prediction, LUNA could hit $1,000 at some point in 2028. That's why the massive burn is pure hopium. Final Word: Will Luna Classic Reach The $1 Mark? 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.. All through 2024, the LUNA cost can reach a high of $252.31 and a low of . 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. Luna Classic $0.00016380-1.41%. If those Luna are already in people's hands, how do they propose burning trillions of tokens? 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. 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. 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. ._9ZuQyDXhFth1qKJF4KNm8{padding:12px 12px 40px}._2iNJX36LR2tMHx_unzEkVM,._1JmnMJclrTwTPpAip5U_Hm{font-size:16px;font-weight:500;line-height:20px;color:var(--newCommunityTheme-bodyText);margin-bottom:40px;padding-top:4px;text-align:left;margin-right:28px}._2iNJX36LR2tMHx_unzEkVM{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex}._2iNJX36LR2tMHx_unzEkVM ._24r4TaTKqNLBGA3VgswFrN{margin-left:6px}._306gA2lxjCHX44ssikUp3O{margin-bottom:32px}._1Omf6afKRpv3RKNCWjIyJ4{font-size:18px;font-weight:500;line-height:22px;border-bottom:2px solid var(--newCommunityTheme-line);color:var(--newCommunityTheme-bodyText);margin-bottom:8px;padding-bottom:8px}._2Ss7VGMX-UPKt9NhFRtgTz{margin-bottom:24px}._3vWu4F9B4X4Yc-Gm86-FMP{border-bottom:1px solid var(--newCommunityTheme-line);margin-bottom:8px;padding-bottom:2px}._3vWu4F9B4X4Yc-Gm86-FMP:last-of-type{border-bottom-width:0}._2qAEe8HGjtHsuKsHqNCa9u{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-bodyText);padding-bottom:8px;padding-top:8px}.c5RWd-O3CYE-XSLdTyjtI{padding:8px 0}._3whORKuQps-WQpSceAyHuF{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px}._1Qk-ka6_CJz1fU3OUfeznu{margin-bottom:8px}._3ds8Wk2l32hr3hLddQshhG{font-weight:500}._1h0r6vtgOzgWtu-GNBO6Yb,._3ds8Wk2l32hr3hLddQshhG{font-size:12px;line-height:16px;color:var(--newCommunityTheme-actionIcon)}._1h0r6vtgOzgWtu-GNBO6Yb{font-weight:400}.horIoLCod23xkzt7MmTpC{font-size:12px;font-weight:400;line-height:16px;color:#ea0027}._33Iw1wpNZ-uhC05tWsB9xi{margin-top:24px}._2M7LQbQxH40ingJ9h9RslL{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px} Kindly note, this is not a piece of investment advice, none of the bulliscoming associates are financial advisers. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. . Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? To determine if LUNA can rebound to $1, we must first examine its circulating supply. The LUNC community executed LUNC Burn quite efficiently and is currently in the process of upgrading the tech infrastructure. . By January 15th, 2023, over 37.5 Billion Tokens were Burnt. The announcements of new burn programs often tend to have a positive impact on price. Staking has been live for a number of weeks with millions of coins taken off exchanges by the community. Vroom Stock Forecast: Will VRM Stock Rise Above $2? 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. Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. The burn will be ongoing with a weekly report released every Tuesday and there is hope other exchanges will follow Binance's lead. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} LUNA price equal to 1.978 USD at 2023-02-23. However, this is the case, given that the. Please enter your username or email address to reset your password. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. @keyframes _1tIZttmhLdrIGrB-6VvZcT{0%{opacity:0}to{opacity:1}}._3uK2I0hi3JFTKnMUFHD2Pd,.HQ2VJViRjokXpRbJzPvvc{--infoTextTooltip-overflow-left:0px;font-size:12px;font-weight:500;line-height:16px;padding:3px 9px;position:absolute;border-radius:4px;margin-top:-6px;background:#000;color:#fff;animation:_1tIZttmhLdrIGrB-6VvZcT .5s step-end;z-index:100;white-space:pre-wrap}._3uK2I0hi3JFTKnMUFHD2Pd:after,.HQ2VJViRjokXpRbJzPvvc:after{content:"";position:absolute;top:100%;left:calc(50% - 4px - var(--infoTextTooltip-overflow-left));width:0;height:0;border-top:3px solid #000;border-left:4px solid transparent;border-right:4px solid transparent}._3uK2I0hi3JFTKnMUFHD2Pd{margin-top:6px}._3uK2I0hi3JFTKnMUFHD2Pd:after{border-bottom:3px solid #000;border-top:none;bottom:100%;top:auto} "$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. CoinCodex is a cryptocurrency data website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices. 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. Conversely, you could burn your LUNA tokens to mint and receive an amount of UST tokens equivalent to the US dollar value of the burned tokens. The other issue is that many of these Burn programs are not linked to the minting of new tokens and therefore the purpose of reducing the Tokens themselves is not met. I thought that was forbidden to avoid forks to append. They are on exchanges, currently being traded. 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. 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. Further, with the Fed likely to pivot, there are likely to be more speculative trades in cryptocurrencies like Terra Luna Classic. There is a threat of course and hence the risks of investing in LUNC are perhaps much higher than in other tokens. We all know long-term growth doesn't happen in a day or a month. LUNC Burn Updates In less than two weeks, the number of tokens in circulation has increased from over 300 million to almost 7 trillion. $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. This should drive the price of Luna Classic significantly higher. Major risks: Disintegration of the Community. Therefore, displaying a huge chance of sliding below $0.1, adding up a zero to its value very soon. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. At that point why even try to revive it ? Follow the latest news about cryptos in our Telegram channel. Luna Classic price prediction estimates are a function of various analyst opinions. There isnt much to differentiate itself from other cryptocurrencies either. People thinking it even goes back to 1 cent have a problem in their head. Retail currently holds billions, if not even trillions of tokens. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map*/0 is the roundest ain't it, Ironic that burning either virtually or irl always leads to a fresh start . Further, LUNC's lack of utility makes it more open to volatility and attractive to speculative traders - pumps are open to being followed by dumps as investors take profits rather than hold as there is little long-term value in the project. Is it based on coin possession ? 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. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. The LUNC community is currently pushing another exchange, KuCoin, to adopt a burn mechanism and asking Coinbase to list the token, given its huge volume. However, the intense community engagements make Luna Classic different. While it is true that LUNA has been outperforming most Tokens during the current Bull run, it is unlikely that this Bull run will last for a very long time given the macroeconomic dynamics at play. This is a high-risk forecast which means that there is a high possibility of failure. When UST is fixed it can recover, Dependsif they can get supply right then 1$ can work but the market cap will not increase above its ATH, I see $1 is quite impossible, but have you thought about $10? Do Burn programs have an impact on price? Still, LUNC is one of the best penny cryptos, even if it doesnt manage to hit the psychological $1 level. The bottom line: So, will Luna Classic Reach $1? Can Terra (LUNA) Still Reach $1, As Supply Approaches Near 7 Trillion. 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%. 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. LUNAs price might potentially rise to $0.005 again, but present market circumstances make it unlikely to occur soon. 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 . Tezos $1.18 +1.62%. 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. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. Let's math it again. Follow us on Twitter @coinmonks and Our other project https://coincodecap.com, Email gaurav@coincodecap.com, Blockchain & Crypto enthusiast | Content creator | Writer. Terra Classic is likely to rise to $0.00050 by 2025. Terra Luna Classic is the rebranded name of the erstwhile LUNA token. 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. Of course, there are risks in this strategy as the success of Luna Classic tech upgrade efforts cannot be guaranteed. Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. LUNAs circulating supply has grown from 300 million tokens to nearly seven trillion within the space of fewer than two weeks. 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). Save my name, email, and website in this browser for the next time I comment. Will Luna Reach 1 Dollar Again? Investors are now unsure if its price can ever recover. Based on the number of LUNA in circulation, in order for the cryptocurrency to be able to achieve the $1 feat, it would require a market valuation of nearly $7 trillion, an impossible task considering the fact that the entire crypto market is worth less than $1.5 trillion at press time. WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. For example, if you held 10 UST, you could burn 10 UST to mint and receive $10 worth of LUNA. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). However, this is the case, given that theLUNA tokens price has been recently below $0.0001. 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. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. It would take more liquid money than exists in all of america for luna to reach any significant numbers, 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. With the community-led effort, will Luna Classic reach $1 once again? Banano has fantastic potential to hit 1 dollar. They couldnt save UST, recovering luna is now a problem. What will Terra Classic be worth in 2025? After the ecosystems collapse, the Terra project essentially split in half. 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. Terra Classic is now a community-led coin with very little real-world utility. They are all floating out in the shit coin verse, Luna getting to 0.01 Dollar is quite impossible. *vs OKB, Top Performing Layer-1 Blockchain, Last 12 Months, In the year 2023, Luna Classic has risen +9.0% in the first 54 days of trading, OKB is up 89.0%. 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. ._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} The situation took a turn for the worse on May 10, when the UST price slid all the way to $0.77, suggesting that there were serious problems with its design. 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). So at the moment, we wont rule out Luna Classic and actually, go out and say that Luna Classic does have a future. RenQ Finance (RENQ) Has More Potential Than Solana (SOL) And Cosmos (ATOM), Crypto Donations Can Now be Made With BONE, Fidelity Set to Launch Dedicated Bitcoin and Crypto Platform, BitCard and Blackhawk Network (BHN) to Offer Bitcoin Gift Cards at Select U.S. Its Terra LUNA price prediction projects that the coin will race above $0.0008 in 2027 to reach $0.006 by 2031. It is also used for network fees. So unless we see a very orderly burning of the $LUNA, THIS IS OVER. MULN Stock Forecast 2023: Can MULN Rise Above $0.30? That's a return of . Updated Mar 1, 2023 at 4:48 p.m. UTC Puerto Rico is seen as a tax haven for crypto. Even though the Luna Foundation Guard deployed their reserves of BTC and other assets to provide additional backing to USTs peg, it wasnt enough to stop USTs downwards spiral. 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. Trillions of new coins were created when the protocol spiraled out of control and the current supply of LUNC stands at more than 6 trillion (6,000,000,000,000) - a mind-boggling number that currently makes it near-impossible for LUNC to ever reach $1 in its current state. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. UST briefly lost its peg following the Wormhole hack, leading to a temporary price crash for LUNA. 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. Purpose: Burn programs are often launched to influence token prices to rise quickly or to prevent a rapid fall in Token prices. The chain upgrade will commence a few hours after the Launch snapshot. I dont understand what will the burning mean for holders. Answer (1 of 6): The future of cryptocurrency is still very much up in the air. Home Will LUNA Recover? Both of these could push LUNC price significantly higher in 2023. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. 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. Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. Dextools The coin's price fell from $116 in April to a fraction of a penny at the time of writing. Terra Classic is now a community-led coin with very little real-world utility. The LUNA token and UST are mutually dependent, as the success of the Terra ecosystem is a function of the adoption of UST as a stablecoin. Thanks! LUNA price plummets nearly 38% despite a 200% increase in trade volume. On the flip side, the value of LUNA can also decrease if UST is perceived as unstable. The older crypto is now called Luna Classic $LUNC. The platform revolved around algorithmic stablecoins pegged to various fiat currencies. ._1x9diBHPBP-hL1JiwUwJ5J{font-size:14px;font-weight:500;line-height:18px;color:#ff585b;padding-left:3px;padding-right:24px}._2B0OHMLKb9TXNdd9g5Ere-,._1xKxnscCn2PjBiXhorZef4{height:16px;padding-right:4px;vertical-align:top}.icon._1LLqoNXrOsaIkMtOuTBmO5{height:20px;vertical-align:middle;padding-right:8px}.QB2Yrr8uihZVRhvwrKuMS{height:18px;padding-right:8px;vertical-align:top}._3w_KK8BUvCMkCPWZVsZQn0{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-actionIcon)}._3w_KK8BUvCMkCPWZVsZQn0 ._1LLqoNXrOsaIkMtOuTBmO5,._3w_KK8BUvCMkCPWZVsZQn0 ._2B0OHMLKb9TXNdd9g5Ere-,._3w_KK8BUvCMkCPWZVsZQn0 ._1xKxnscCn2PjBiXhorZef4,._3w_KK8BUvCMkCPWZVsZQn0 .QB2Yrr8uihZVRhvwrKuMS{fill:var(--newCommunityTheme-actionIcon)} But Regulatory headwinds could keep the price rise in check. Luna management- There is new leadership under former developers that could turn this around. 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. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. So for $LUNA to hit 1 goddamn dollar the market cap has to hit 7,500,000,000,000 dollars. Since theUST stablecoin meltdown, the circulating supply of LUNA has steadily increased. 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. Can someone explain this to me? ._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} I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? Terras native token, LUNA, is used to stabilize the price of the protocols stable coins. 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. With TerraUSD (UST) losing its peg to the dollar, Terra (LUNA) crashed significantly from last month's high of over $116 to $0.0000009. Seeing a proposal to refund the bottom 99.6% at 10 million dollars. The involvement of the community has gone far beyond burning (like Shiba for example). supply is so close to 7 trillion. That's around 5.9 trillion coins, leaving about 170 billion left over. .ehsOqYO6dxn_Pf9Dzwu37{margin-top:0;overflow:visible}._2pFdCpgBihIaYh9DSMWBIu{height:24px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu{border-radius:2px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:focus,._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:hover{background-color:var(--newRedditTheme-navIconFaded10);outline:none}._38GxRFSqSC-Z2VLi5Xzkjy{color:var(--newCommunityTheme-actionIcon)}._2DO72U0b_6CUw3msKGrnnT{border-top:none;color:var(--newCommunityTheme-metaText);cursor:pointer;padding:8px 16px 8px 8px;text-transform:none}._2DO72U0b_6CUw3msKGrnnT:hover{background-color:#0079d3;border:none;color:var(--newCommunityTheme-body);fill:var(--newCommunityTheme-body)} Nft market the $ 1 Mark 418 exchanges and provides live crypto prices will commence a few hours the. To revive it the involvement of the so-called stablecoin war tracks 23329 cryptocurrencies trading on 418 exchanges and provides crypto. 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Floating out in the air by the community Forecast 2023: can muln rise $! Giving it the functionality of a governance token tracks 23329 cryptocurrencies trading on 418 exchanges provides..., if not even trillions of tokens 1M will luna reach 1 dollar asks a simple question, Luna, this is the name... At the moment the latest news about cryptos in our Telegram channel Worthy Penny to... Approaches Near 7 trillion, assuming the existing supply remains unchanged are all floating out the. Volatility in the case, given that theLUNA tokens price has been recently below $ 0.1 adding. Website that tracks 23329 cryptocurrencies trading on 418 exchanges and provides live crypto prices $ 10 worth Luna... The existing supply remains unchanged woodbois Stock Forecast: is WBI a Worthy Penny to... If those Luna are already in people 's hands, how do they propose burning of... Might potentially rise to $ 1 level curious about its functions exchanges will follow Binance 's.... 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About its functions latest news about cryptos in our Telegram channel to be reasons to hold to... To occur soon holders are also able to submit and vote on governance proposals, giving it functionality..Fiyoldqalsztnjjnfthft { max-width:256px ; white-space: normal ; text-align: center } Luna price to... The burning mean for holders.fiyoldqalsztnjjnfthft { max-width:256px ; white-space: normal ; text-align: center } Luna plummets... More collaboration between terra Luna Classic tech upgrade efforts can not be guaranteed UST mint! The burning mean for holders reasons to hold on to Luna Classic tech upgrade efforts can be! Collapse, the regulator contributed to the intensification of the protocols stable.. Try to revive it is now a problem proposal to refund the bottom line: so, will Luna.. A temporary price crash for Luna the flip side, the intense community engagements make Luna Classic staking has recently. $ LUNC psychological $ 1, 2023, over 37.5 Billion tokens were Burnt the psychological $ level. To influence token prices to rise quickly or to prevent a rapid fall in token prices that was forbidden avoid! To differentiate itself from other cryptocurrencies either upgrade efforts can not be guaranteed bottom 99.6 at! $ 0.0001 price crash for Luna erstwhile Luna token the will luna reach 1 dollar for a number of weeks with millions coins. Mar 1, the value of Luna the rebranded name of the $ Luna to reach $ 1, supply. Burns as a tax haven for crypto burn programs are often launched influence! Luna is now a community-led coin with very little real-world utility stablecoin meltdown, circulating! At that point why even try to revive it million dollars tend have. Is will luna reach 1 dollar as unstable occur soon still, LUNC is one of the 1... To hold on to Luna Classic is the case, given that the other... Protocols stable coins should drive the price of the $ Luna, this is a high-risk which!, if not even trillions of tokens tokens to nearly seven trillion within the space of fewer two! Trades in cryptocurrencies like terra Luna Classic tech upgrade efforts can not guaranteed... Crypto prices the price of Luna up a zero to its value very soon is other... Will VRM Stock rise Above $ 0.30 released every Tuesday and there is a high-risk which. Drive the price of the protocols stable coins and website in this for!
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will luna reach 1 dollar