Will Luna Classic Reach $1, 1 Cent, $10, $100?

In May 2022, when Terra Foundation’s stablecoin UST lost its peg, Terra Luna crashed from close to $100 to below $1. Since then Terra Luna has been rebranded as Luna Classic and LUNC Community is running it. The Lunc community has been working together to push the price above $1 but the very first challenge for the LUNC Community will be to push the price of Luna Classic to 1 cent.

Article Coverage: Luna Classic Price Performance, Latest News Updates, Luna Classic $1 Analysis, Luna Classic 1 Cent Analysis, Triggers and Barriers, Latest Video, Risks and Concerns, FAQs

LUNC Price Performance so far

• Last 1 Month: +6.3%
• Last 12 Months: -81.6%

Has Luna Classic Turned the Corner?

Luna Classic Latest News and Market Analysis

Terra Classic (LUNC) Burn Data

1. Coinmarketcap calculation: The circulating supply of LUNC currently stands at 5.81 trillion tokens. It was 6.15 Trillion tokens a year ago (Source: Coinmarketcap)
   • Total Burned LUNC: The total number of tokens removed from circulation is 342B. Approximately 5.6% of the total supply of LUNC tokens has been burned in the last 1 year
2. Lunc Metrics Data: 68B Tokens were burnt during the last 12 months. This translates to about 1% of tokens

Luna Classic, Buy or Sell, Crowd Poll

Net Buy Rating = Buy% – Sell%

• July 1st: +35.0%
• August 1st: +44.8%
• September 1st: +37.8%
• October 2nd: +32.0%

Is Luna Classic Worth Holding

The Terra Classic $1 Dream: The massive Luna Classic community, as well as potential investors, are keen on knowing how high can Luna Classic price go and specifically if Luna Classic could ever breach $1. Given the sentiments behind the Luna crash in May, this is also of some emotional value.

So Will Luna Classic reach $1? Let us analyze

To reach $1, Luna Classic must rise 11500 times. At $1, the Market Cap of Luna Classic would be $5900 Billion which is more than twice the Market Cap of Apple. If LUNC’s price were to grow at the rate of 25% every year, it would take Luna Classic 39 years to reach $1. Given that Luna Classic is a weak case for Investment, Let us analyze these in detail.

Is it possible to rise 11500 times?

Bitcoin rose 1400 times higher in 10 years Ethereum rose 166 times higher in 6 years.

Both BTC and ETH rose in very different conditions while Luna Classic is in an environment where there are more than 50 tokens with a Market Cap of a Billion. Therefore, one can say with a high degree of confidence that Luna Classic will not increase by 11500 times.

Is it possible for Luna Classic to reach twice Apple’s Market Cap?

With the information that we have, Luna Classic is not an innovator of the Apple mold nor are their services consumed by billions of people worldwide. We can say with a high degree of confidence that Luna Classic will not reach a market cap of $ 5.9 Trillion.

Can we Forecast accurately for 39 years that a Token will grow at the rate of 50% every year?

No, no one can forecast the price of a Token 39 years from now. Further, no Token or stock can grow at the rate of 25% every year for 40 years.

Considering Growth, Market Cap, and Time factors, we can say confidently that Luna Classic will not reach $1. Now, let us consider a scenario where 90% of the coins are burnt. If 90% of the Tokens were burnt, To reach $1, Luna Classic must rise 800 times. At $1, the Market Cap of Luna Classic would be $590 Billion. If LUNC’s price were to grow at the rate of 25% every year, it would take Luna Classic 30 years to reach $1.

So, even in a 90% Burn scenario, Luna Classic will find it impossible to reach $1. The only hope for a healthy return on Luna Classic Investment is unique and differentiated use cases.

Will Luna Classic reach $1 in 2023

Given the current price, the Market Cap at $1 ($5.9 Trillion), and the time left for the year to be over, there is no possibility at all for Luna Classic to reach $1.

Will Luna Classic Reach $1, 1 Cent: Triggers

Terra Luna Classic (LUNC) is a cryptocurrency governed by the Luna Classic community, led by Ed Kim, Zaradar, LUNC Dao, and other influencers. The crypto market, including LUNC, has been influenced by macroeconomic factors such as the Ukraine-Russia War and changes in the US Fed’s interest rates. The success of LUNC is dependent on the execution of its development plans, which include infrastructure and technology upgrades, and the demand for LUNC. To increase the price of LUNC, its supply must be reduced through the burn mechanism implemented by Binance. The LUNC community has been working to maintain the price of Luna Classic and bring in new developments to sustain its growth.

Will Luna Classic Reach 1 Cent? The Math

Let us straight away start with 90% burn. To reach 1 cent, Luna Classic must rise 8 times. At 1 cent, the Market Cap of Luna Classic would be $5.9 Billion. If LUNC’s price were to grow at the rate of 50% every year, it would take Luna Classic 6 years to reach 1 cent.

At 90% Burn, Luna Classic should reach 1 cent in the next 10 years. Anything less will make it very difficult

Will Luna Classic reach 10 Cents?

Assume the LUNC price rises 25% a year. This growth is under the assumption that 50% of the coins are burnt during this period, the number of years to reach 10 cents – 28 Years

Can Luna Classic reach 50 Cents?

Yes, Luna Classic can reach 50 cents if more than 75% of the Tokens are Burnt and the Luna Community and the team can deliver both on Development and a significant number of Dapps in the Terra Classic Ecosystem by the end of the year.

Will Luna Classic reach $10?

Given the time it would take to reach even $1. Any forecast for $10 would be highly speculative. Still, we forecast that Luna Classic is unlikely to reach $10

Will Luna Classic reach $100?

Given the estimated Market Cap of Luna Classic when it rises to $100, Luna Classic can reach $100 only if 99% of the Tokens are Burnt. That is highly impractical and unreasonable. So Luna Classic can’t reach $100.

Read:

• Luna Classic Price Prediction 2023, 2025 and 2030
• Will Luna Classic Recover or Will LUNC Go Up?

Can Luna Classic reach $1? Burn Plans

Proposal 11658 aims to redirect trapped funds in the Ozone Protocol to the community pool. Proposal 11660 aims to burn these funds entirely for re-pegging facilitation. Despite bypassing the usual 7-day discussion due to urgency, 82.54% of voters (representing 528,390,531,235.782 LUNC) supported burning the funds

Can Luna Classic reach $1? LUNC Concerns

There are numerous concerns around Terra Luna Classic

1. Luna Classic has no definitive leadership structure. Though Bitcoin also lacks well-designed leadership architecture for LUNC it will be difficult to survive without leadership.
2. Ed Kim and Co have been formulating and implementing plans of action for Luna Classic. However, it is highly unclear which direction will Luna Classic take and which market segments will it look to dominate.
3. So far it is unclear what is the vision around Terra Luna Classic. Will they remain DeFi-focused? Will they differentiate from other major players like ETH and XRP?
4. Community efforts have completely focussed on the Luna Classic Burn tax rather than the direction of LUNC itself

Luna Classic $1: FAQs

Can Luna Classic reach 1 dollar

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. Most importantly, significant burn in the number of circulating Tokens. Will Luna Classic reach $10? Given that it may take 37 years to reach $1, any forecasts for $10 would be premature and highly unreliable.

Can lunc reach $1? Conclusion

Yes, Luna Classic can reach $1 in 38 years if the community implements various proposals to secure LUNC and build an environment that encourages Dapps to return to Terra Luna Classic. Further, at least 50% of the coins will have to be burnt. At the moment one could say, that LUNC has made admirable progress but a lot of work is still pending.

Will Luna Classic Reach 1 Cent? Conclusion

With the current momentum, it is unlikely for Luna Classic to reach 1 cent in 2023. However, there are higher chances of LUNC reaching 1 cent in the near future. LUNC may reach 1 cent even before Shib Inu. Considering the mathematical calculation, LUNC may reach 1 cent in the next 11 years provided the price rises 50% annually.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.