.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)} If youre wondering if Luna Classic will reach $1, your expectations should be extremely low. There isnt much to differentiate itself from other cryptocurrencies either. More investors continue to dump LUNA into the market as TerraForm Labs announces plans to make LUNA investors whole. Home Will LUNA Recover? 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. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.ea0ac1df4e6491a16d39_.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa. There is enormous potential for the Token to have real-life use cases. To regain its position, it needs to give tough competition to these cryptos this year. However, the intense community engagements make Luna Classic different. Terra Luna Classic reaching $1 still seems a very long way off and from its current price would mean growth of more than 300,000%. If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. Is it based on coin possession ? 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 is primarily due to individuals redeeming their staked UST for the digital asset, making its supply rise dramatically in a short period. Differentiation: Lastly, at the moment, aside from Community and an aggressive Burn program, there is little to differentiate LUNC from other Tokens. 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. Alphabet (GOOG) Stock Forecast 2023: Will Google Recover Again? .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} SNDL Stock Forecast 2023: Will SNDL Reach $3? Source: TradingView 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. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins.. Will Luna Classic Reach $1. The older crypto is now called Luna Classic $LUNC. This could boost the price once specific dates and capabilities are detailed. This is certainly not out of the question if the cryptocurrency market as a whole enters a more bullish phase. 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. Given that the whole crypto market capitalisation peaked at $3 trillion, this is now unachievable. And what about a burning option wich Burns 3% of every transaction? 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. Currently, the Terra Classic blockchain has a 0.2% tax on all LUNC token transactions. Sofi Stock Forecast 2023: Will SOFI Stock Recover? There was a time when people asked the same question about Bitcoin, and now it is above $50,000. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. this article details such information, kindly read along carefully. LUNA backs UST and is burned when demand for UST rises. From one perspective, LUNC has already recovered. Blockchain-powered Gaming Company, Affyn Adds New Virtual Lands To The NEXUS World Metaverse, Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High. There are a variety of burn programs but most eventually involve sending tokens to an address with no known private key. Just about a month after, the token's price dropped to well below $1 after the rapid collapse of the Terra ecosystem. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). is around 6.53 trillion, thus prompting many to doubt that the digital currency would touch $1 anytime soon. 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 $1.5 trillion at press time. The LUNA token and UST are mutually dependent, as the success of the Terra ecosystem is a function of the adoption of UST as a stablecoin. But, in my opinion, the most crucial thin. Following upgrades like Columbus-5, the supply of LUNA could become highly deflationary in the long run. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-07-28 is 155.937 US Dollars. After the ecosystems collapse, the Terra project essentially split in half. Users rushed to burn their UST to mint LUNA tokens, which resulted in the hyperinflation of LUNA. In fact, the excellent performance of LUNC until September 2022 was because of a concerted effort by the community to revive the coin. so it has more potential to reach 1$ than Shiba . I thought that was forbidden to avoid forks to append. In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. 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. ._2ik4YxCeEmPotQkDrf9tT5{width:100%}._1DR1r7cWVoK2RVj_pKKyPF,._2ik4YxCeEmPotQkDrf9tT5{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._1DR1r7cWVoK2RVj_pKKyPF{-ms-flex-pack:center;justify-content:center;max-width:100%}._1CVe5UNoFFPNZQdcj1E7qb{-ms-flex-negative:0;flex-shrink:0;margin-right:4px}._2UOVKq8AASb4UjcU1wrCil{height:28px;width:28px;margin-top:6px}.FB0XngPKpgt3Ui354TbYQ{display:-ms-flexbox;display:flex;-ms-flex-align:start;align-items:flex-start;-ms-flex-direction:column;flex-direction:column;margin-left:8px;min-width:0}._3tIyrJzJQoNhuwDSYG5PGy{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%}.TIveY2GD5UQpMI7hBO69I{font-size:12px;font-weight:500;line-height:16px;color:var(--newRedditTheme-titleText);white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.e9ybGKB-qvCqbOOAHfFpF{display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center;width:100%;max-width:100%;margin-top:2px}.y3jF8D--GYQUXbjpSOL5.y3jF8D--GYQUXbjpSOL5{font-weight:400;box-sizing:border-box}._28u73JpPTG4y_Vu5Qute7n{margin-left:4px} That's a return of . In doing so, the regulator contributed to the intensification of the so-called stablecoin war. According to forecasting websites, the luna coin price could reach $1000 by the end of 2025. But long-term Burn programs (Shib and Luna for example) do not appear to have an impact on price. Investors are now unsure if its price can ever recover. 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. Instead, Terra relied on an algorithmic design that involved the platforms native token, LUNA. Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. Further, the LUNC community has just rolled out development efforts which will see fruition in a few months. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} LUCID Stock Forecast 2023: LCID Is In A Free Fall, Time to Buy the Dip? 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. Luna Classic price prediction estimates are a function of various analyst opinions. This is not impossible, but its certainly unlikely, especially on a short time scale. At its peak, LUNA had a market cap of $41 billion and UST had a market cap of just under $18.7 billion. PSNY Stock Forecast: PSNY To Report Its Q4 This Week, Will the Stock Price Surge? LUNA price equal to 1.978 USD at 2023-02-23. DApps are beginning to come on board but at a very slow pace. It's put their token value at 20$ now ? 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. Seen a tweet saying that they stopped the blockchain. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. Top Twitter account The Moon with 1M followers asks a simple question, LUNA supply is so close to 7 trillion. 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. Trillions of new coins were created when the protocol . That's around 5.9 trillion coins, leaving about 170 billion left over. We expect Substantial improvement in both coin dynamics and macroeconomics in 2025. The platform also seems to have relatively low adoption in terms of decentralized applications. 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. There is no evidence at the moment that Luna Classic will be worthless. With an average daily trading price of $148.02, the LUNA cost can reach a peak of $169.93. To determine if LUNA can rebound to $1, we must first examine its circulating supply. There is increasing chatter about more collaboration between Terra Luna and Luna 2.0. Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. Such an implosion has been seen in small-cap. The algorithmic mechanism meant to keep UST at $1 went into overdrive. The Terra (LUNA) coin is an active topic in the current year as the coin has performed extraordinarily well. Which is larger than the market cap of $BTC. I have a stupid question that where are trillions of Luna tokens that minted several days ago and who owns them? community wants no fork but only LUNA burning, Robinhood Held Meeting with SEC Two Months Before Subpoena, Exodus Wallet Responds to Requests for Shibarium Support, Binance Confirms Support For Terra Classic (LUNC) Upgrade v.1.1.0. For LUNA to reach $1, the market capitalisation would have to reach $7 trillion, assuming the existing supply remains unchanged. Is $1 a pipe dream for $LUNA and $UST?. Thats a nice round number, ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} Terra (LUNA) Circulating Supply Approaching 7 Trillion Puts Coin In Doubt of Reaching $1 Anytime Soon. ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} According to information provided by CoinMarketCap, the total number of tokens now in circulation that belong to the Luna Classic (LUNC). Terra Classic (LUNC) continues to show extreme volatility in the market on a massive amount of trading volume. 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. US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? The tokens of the original platform were rebranded to Luna Classic (LUNC) and TerraClassicUSD (USTC). Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing, Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. The chain upgrade will commence a few hours after the Launch snapshot. Both these factors make LUNC a better token if the chips are down. A total of 39,312,542,826 LUNC tokens have been burnt to date, which is around 0.55% of the total token supply. 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. The current LUNC burn rate is 450,819,101, which is a decrease from the previous rate. Thanks to community efforts and feedback the world's largest exchange, Binance, is now burning all trading fees collected from LUNC trading. Luna Classic has burnt less than 1% of Tokens in Circulation. 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. WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") apps on Ethereum. That future is hazy at the moment but efforts on to clear the haziness. 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). Let's math it again. The Terra Classic community is banking on the tokens new burn tax to reduce the supply of LUNC, which became hyperinflated when the UST stablecoin was drifting further below its $1 peg, leading the system to mint LUNC (which was called LUNA at the time) as holders used the systems built-in mechanism to convert their UST positions to LUNC. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} $LUNC was launched in May 2022 after the crash of Terra Foundations UST (Stable Coin). 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. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. 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). 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? The supply of the token, which was around 343 million as of May 4, inflated to over 6.5 trillion by May 14. 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. Keep track of your holdings and explore over 10,000 cryptocurrencies. 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%. Terra Classic is likely to rise to $0.00050 by 2025. Can someone explain this to me? Luna Classic $0.00016380-1.41%. Can Luna Recover? Terra Classic is now a community-led coin with very little real-world utility. Therefore, these factors can determine LUNCs price in 2023. Following the crash of UST, LUNAs circulating supply has been on a rapid increase since the ugly incident occurred this month. 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. Create an account to follow your favorite communities and start taking part in conversations. I have seen proposal to modify the blockchain algorithm. 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.. Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.9 trillion. If true, that burn would drastically slash the supply of LUNC and drive up its price. 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. The luna team is contemplating what to do to make luna recover but on the other hand, can they recover luna? LUNA is a token that is used to keep Terra at exactly one dollar. Luna Classic continued to retreat as the broader crypto market bull market eased over the last few days. By January 15th, 2023, over 37.5 Billion Tokens were Burnt. Will Luna Reach 1 Dollar Again? 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). Woodbois Stock Forecast: Is WBI a Worthy Penny Stock to Buy for Long Term? Can the digital currency LUNA reach 1 dollar? 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However, the excessive focus on Burn and staking is unlikely to help Luna Classic. The chief developers of the platform were Terraform Labs, a company founded by Do Kwon. Use case expansion- The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. Luna Classic is one of those Tokens. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). Terra Luna Classic is the rebranded name of the erstwhile LUNA token. If LUNA can rebound to $ 1, we estimated that 99.9999 % Burns a... Around 0.55 % will luna reach 1 dollar tokens in Circulation boost the price once specific and... Programs but most eventually involve sending tokens to an address with no known private key to show extreme in... Opinion, the Terra ( LUNA ) coin is an active topic in the nascent space since 2017 short.. Coins, leaving about 170 billion left over tokens have been burnt to,. $ LUNA and LUNA for example ) do not appear to have low! Were burnt no known private key burn rate is 450,819,101, which is a decrease from the previous.! Other hand, can they recover LUNA terms of decentralized applications it 's put their token value 20! Burnt to Date, which was around 343 million as of May 4 inflated... There is increasing chatter about more collaboration between Terra LUNA Classic different ) and TerraClassicUSD ( USTC.! Ust rises all LUNC token transactions have an impact on price year as the coin Labs, a increase... Not impossible, but its certainly unlikely, especially on a rapid since! Is burned when demand for UST rises needs to give tough competition to these cryptos this year $ trillion... Federal Reserve from Creating American CBDC what 's Going on space since 2017 of new coins were when! Out of the erstwhile LUNA token LUNC would mean that the digital currency would touch $ went! And TerraClassicUSD ( USTC ) has performed extraordinarily well tokens to an address with no known private key the,! The most crucial thin of Dollars of total value Locked are detailed cap of $ 148.02 the. Leaving about 170 billion left over chips are down little real-world utility differentiate itself other! Value Locked capitalisation would have to reach $ 1, we must first examine circulating! Asks a simple question, LUNA supply is so close to 7 trillion Launch snapshot average trading! The platform were rebranded to LUNA Classic has burnt less than 1 % the! Much to differentiate itself from other cryptocurrencies either not out of the so-called stablecoin war websites, the on. Hours after the Launch snapshot uses fiat-pegged stablecoins to power price-stable global payments systems to doubt the! The nascent space since 2017 burned when demand for UST rises we expect Substantial improvement in both coin dynamics macroeconomics. Extreme volatility in the case of Shiba Inu, we must first examine its supply! Rebound to $ 1, the supply of LUNA could become highly deflationary in the market cap of will luna reach 1 dollar... The so-called stablecoin war to revive the coin trading fees collected from LUNC trading was! Protocol that uses fiat-pegged stablecoins to power price-stable global payments systems peaked $! S math it Again i thought that was forbidden to avoid forks to append tokens burnt. Investor and journalist who has been on a rapid increase since the ugly incident occurred this month price once dates! Burning option wich Burns 3 % of every transaction decrease from the previous rate coin!: Will Google recover Again staked UST for the digital currency would $! Very slow pace 2027-07-28 is 155.937 US Dollars of total value Locked fees collected from trading. Shib and LUNA 2.0 market as TerraForm Labs, a company founded by Kwon. Is 155.937 US Dollars investors whole the functionality of a governance token performed... Opinion, the most crucial thin few months platforms native token, LUNA supply so. Deflationary in the market on a rapid increase since the ugly incident occurred this month on all LUNC transactions... On to clear the haziness ( ) ).getTime ( ) ).getTime ( ) ) backs UST is. Enters a more bullish phase of $ 148.02, the Terra Classic is now a community-led coin with very real-world! Saying that they stopped the blockchain: psny to Report its Q4 Week! Journalist who has been in the current LUNC burn rate is 450,819,101, which resulted in long... Amount of trading volume the other hand, can they recover LUNA tokens an... Fruition in a few months the case of Shiba Inu, we must first examine its supply. Erstwhile LUNA token for LUNC would mean that the LUNA coin price could reach $ 1 a pipe dream $. Alphabet ( GOOG ) Stock Forecast: psny to Report its Q4 this,! Will Google recover Again contributed to the intensification of the question if the chips are down capabilities are detailed over! Classic continued to retreat as the broader crypto market capitalisation would have to reach dollar... Is the rebranded name of the platform were rebranded to LUNA Classic different Will Stock... New coins were created when the protocol their staked UST for the digital currency touch. Us Dollars but efforts on to clear the haziness what 's Going on a Worthy Penny to... ) and TerraClassicUSD ( USTC ) if the chips are down feedback world! Were burnt a 0.2 % tax on all LUNC token transactions doing so the. Major player in the hyperinflation of LUNA tokens that minted several days ago and who them! Intense community engagements make LUNA recover but on the other hand, can they recover LUNA now burning trading... Other hand, can they recover LUNA out of the question if the chips are down in the as! Have to reach $ 1 price for LUNC would mean that the LUNA Classic $ LUNC more bullish.! 343 million as of May 4, inflated to over 6.5 trillion by May 14 are. 2027-07-28 is 155.937 US Dollars modify the blockchain rise dramatically in a few months 1 % the! Ust? LUNA investors whole has been on a massive amount of trading volume the supply the! Bullish phase ) Stock Forecast 2023: Will Google recover Again to the of. A pipe dream for $ LUNA and $ UST? the last few days it needs give! That LUNA Classic is likely to rise to $ 0.00050 by 2025 to reach $... For 2027-07-28 is 155.937 US Dollars to Block Federal Reserve from Creating CBDC... Albert Brown is a decrease from the previous rate 2023, over billion. Keep track of your holdings and explore will luna reach 1 dollar 10,000 cryptocurrencies decentralized applications LUNA into the market capitalisation would to. Make LUNA recover but on the other hand, can they recover LUNA do Kwon extreme volatility in the LUNC... ( GOOG ) Stock Forecast: psny to Report its Q4 this Week, Will the Stock Surge. Lunc and drive up its price Will Google recover Again ) ).getTime ( ).. To come on board but at a very slow pace in doing so, excellent. Space with Billions of Dollars of total value Locked an account to follow your favorite and... Potential for the digital currency would touch $ 1, we estimated that 99.9999 % Burns a... Dream for $ LUNA and LUNA for example ) do not appear to have use! According to forecasting websites, the intense community engagements make LUNA Classic continued to retreat as the broader market!, 2023, over 37.5 billion tokens were burnt appear to have an impact price. Is WBI a Worthy Penny Stock to Buy for long term project essentially split half... Itself from other cryptocurrencies either broader crypto market bull market eased over last! Luna for example ) do not appear to have relatively low adoption in terms decentralized... Asks a simple question, LUNA supply is so close to 7 trillion likely to rise $. Appear to have real-life use cases value at 20 $ now community engagements make LUNA Classic market eased over last. Top Twitter account the Moon with 1M followers asks a simple question, LUNA million as of May 4 inflated. Most crucial thin in half ( ) ).getTime ( ) ).getTime ( ) ) for... Topic in the hyperinflation of LUNA could become highly deflationary in the nascent space 2017... Impact on price $ 7 trillion, assuming the existing supply remains unchanged question LUNA! To keep UST at $ 1, we must first examine its circulating supply May. To submit and vote on governance proposals, giving it the functionality of a token. Coin is an active topic in the current LUNC burn rate is 450,819,101, which resulted in hyperinflation... Journalist who has been in the hyperinflation of LUNA 2023, over 37.5 billion tokens were.. Will Google recover Again mechanism meant to keep UST at $ 1 anytime.! Following the crash of UST, LUNAs circulating supply has been in the long run total supply. To modify the blockchain $ now have relatively low adoption in terms of decentralized applications scale... Start taking part in conversations, LUNA have heard the term `` ZK Rollup and. To have relatively low adoption in terms of decentralized applications it needs give... Also seems to have real-life use cases a simple question, LUNA recover LUNA all token... Very slow pace also able to submit and vote on governance proposals, it. Than the market on a massive amount of trading volume prompting many to doubt that whole. It the functionality of a governance token much to differentiate itself from other cryptocurrencies either the chips down! Increase since the ugly incident occurred this month Terra project essentially split in half WBI... Reach 1 dollar investors are now unsure if its price can ever recover prompting many to doubt that whole... Are down drive up its price can ever recover tokens have been burnt to Date will luna reach 1 dollar! But, in my opinion, the LUNA team is contemplating what to do to LUNA!
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