Will Luna Classic reach $1? Luna Classic Price Prediction 2023, 2025 and 2030

Will Luna Classic reach $1? Luna Classic Price Prediction 2023, 2025 and 2030

Terra Luna Classic Price Prediction: LUNC is likely to rise in the year 2023 on account of Terra Rebel’s planned upgrades and should reach $0.000352.

Will Luna Classic reach $1? A combination of Burn and New Use Cases can drive LUNC to $1. LUNC will have to rise 5750 times from the current price to reach $1.

Will Luna Classic Recover: For LUNC to Recover, it will have to meet a few conditions. Read on for a detailed analysis

Lunc Latest Update: Do Kwon believes Sam Bankman-Fried and Genesis Are Behind Luna and UST Collapse.


Luna Classic Price Live

Terra Luna Classic is the rebranded name of the erstwhile LUNA token. $LUNC was launched in May 2022 after the crash of Terra Foundation’s UST (Stable Coin). As a way to compensate customers, the Terra Foundation launched a fork called Terra LUNA (2.0) blockchain and Token.

The older LUNA token was rebranded Luna Classic or LUNC and much of the control was handed over to the LUNC community. The newer LUNA 2.0 token retained the original symbol $LUNA.

How well has Luna Classic LUNC performed since its launch in May?

Luna Classic price has outperformed benchmark Cryptocurrencies and the new $LUNA 2.0 by a huge margin. But there has been a sharp drop in the price of LUNC in the last few weeks. Here is how the LUNC price has changed since May

  • Luna Classic: +85.01%
  • Luna 2.0: (-74.5%)
  • Bitcoin: (-42.2%)
  • Ethereum: (-29.4%)

The Terra Classic $1 Dream: Given the massive outperformance over the last 6 months, many inside the Luna Classic community are hoping that the cryptocurrency will reach $1. We will attempt to analyze the cryptocurrency in multiple ways to evaluate if this is feasible.

Will Luna Classic reach $1? The Math

$LUNC will reach $1 through a combination of organic growth due to demand for its tokens as well as due to the LUNC Burn Tax which has been rolled out a couple of months ago.

  1. Organic Demand for LUNC Tokens: The Community is debating a variety of ways to enable the blockchain for various Dapps. Our forecast is some consensus should be achieved sometime in the next 3 months.
  2. LUNC Burn Tax: On-chain transactions have a 0.2% Burn Tax

To reach $1, LUNC Burn Tax will not be enough. The high liquidity environment that existed in 2021 is unlikely to return anytime soon. So the community will need to develop a consensus quickly on enabling the blockchain for various applications. The following simulation is feasible only if there are use cases on Terra Luna Classic.

We have assumed a conservative 25% growth per annum. Is this too optimistic?

  • Bitcoin rose 1400 times higher in 10 years
  • Ethereum rose 166 times higher in 6 years.
  • To reach $1, Lunc Classic must rise 5750 times higher.

Market Capitalization at Terra Classic $1 will be $6011 Billion. It will take 38 years to reach $1.

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 – 29 Years

Will Luna Classic reach 1 cent?

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 1 cent – 19 Years

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

Read Terra Luna Price Prediction here (Luna 2.0)

Luna Classic Burn Updates

  • Total LUNC Added To Dead Wallet: 35,548,361,279
  • Current Daily Burning Rate: 364,821,473

Will Luna classic reach $1? Volume vs Price

The Volume vs Price Chart for the last 30 days is shown below.

The flurry of community activities between June and October has helped Luna Classic. These activities include appointing developers, validators, validator fees, and passing burn proposals.

The last two months saw a decline in the trading volume, as well as the burn rate, has not seen a substantial rise despite Binance including the on-chain burn.

  • The LUNC Pumps and Dumps
    • June 26th to June 29th – 160% increase owing to roll out of LUNC Burn
    • August 24th to September 1st – 190% increasing owing to Validator notes activation and Likely Burn
    • September 26th – 60% increase owing to Binance joining the Burn
    • October 2022: LUNC price remained above $0.00020 but below $0.00030.
    • November 2022: The LUNC burn rate has fallen and the price of LUNC is trading below $0.00020. The trading volume of LUNC has constantly fallen.
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Luna Classic 1 Dollar: What are Luna Classic $1 Triggers

We evaluate the future of Tokens and Blockchains on 7 primary criteria – Use Cases, Differentiation, Execution, Leadership, Community, Macroeconomics, and Other factors like Burn. Here is how we have rated Luna Classic

  1. Use Cases4 out of 10
    • The original LUNA was a major player in the DeFi space with Billions of Dollars of Total Value Locked. The current LUNC ecosystem is thin or non-existent. Ed Kim and Zaradar have laid out plans of action to achieve this goal but the status of execution is unclear.
  2. Differentiating factors 3 out of 10
    • LUNC has a fantastic community but given the absence of use cases, there isn’t much to differentiate itself from other cryptocurrencies. Differentiating is extremely important because investors tend to own 1-2 cryptocurrencies in each category. This is a work in progress and could take 12-18 months as per our estimates.
  3. Execution 5 out of 10
    • The LUNC community and Terra Rebels executed LUNC Burn quite efficiently and against heavy odds but the same cannot be said of other plans discussed recently. Part of the problem as per Tobias Andersen is the cost of doing this.
  4. Organization Leadership 7 out of 10
    • The Terra rebels have published high-quality documents that focus on LUNC beyond burning. The issues covered include legacy issues with respect to USTC, technically creating a Dapp-friendly environment, and preventing future issues of the sort seen with the original LUNA Coin. However, the absence of clear and decisive leadership is preventing future actions at the moment.
  5. Strong Community 9 out of 10
    • The Luna Classic community has proven itself to be extremely resourceful in getting things done over the last 3 months. The outperformance versus the Terra Luna crypto is enough evidence of this resourcefulness.
  6. Favorable Macroeconomic Conditions 5 out of 10
    • Numerous parallel crises at the moment could jeopardize a LUNC move higher – The rise in crude prices, likely rise in inflation, and worsening of the economic crisis in Europe and China. There isn’t much that traders or investors can do about this.
  7. Sustained Burn 8 out of 10
    • With 22 Billion tokens already Burnt, this is running at a very healthy rate. This will rise even faster if many of the above are taken care
  • LUNC Total Score-41/70
  • Ethereum Total Score-48/70
  • Luna 2.0 Total Score– 23/70

To read about Terra Rebel’s plans of action for Luna Classic, click here

Terra Luna Classic Prediction 2023, 2025, 2030 and 2040

LUNC price prediction estimates are a function of various analyst opinions. These estimates are based on certain assumptions

  • The recent performance of Luna Classic
  • Coins likely to be burnt through on-chain Burn Tax
  • Improving macroeconomic conditions
  • Execution of plans laid out by Ed Kim and Zaradar [You can read it here]. This will depend on Community financial contributions
  • Partnerships will further contribute to a rise in price over the next 3-6 months

Terra Luna Classic Price Prediction 2023

The macroeconomics picture is likely to improve in 2023 and the community may further consolidate its gains. As a consequence, Luna Classic Prediction 2023 is $0.000352. This is 1.8 times higher than the current price.

Terra Luna Classic Price Prediction 2025

Substantial improvement in both coin dynamics and macroeconomics should push LUNC Price Prediction 2025 to $0.000673. This is more than 4.2 times the current price.

Terra Luna Classic Price Prediction 2030

We anticipate 2025-30 to be the golden era for Blockchains. Should that happen, Luna Classic Price Prediction 2030 is predicted to be $0.00316. This is 19.6 times higher than the current price

Lunc Price Prediction 2040 (Scenario-based forecasting)

At 15% per annum until 2040 – $0.00309

Luna Classic Price Prediction Today

Overall OutlookNeutral
1. Market's WisdomNeutral
1a. Market DataNeutral
1b. Technical RecommendationNeutral
2. Crowd's WisdomPartially Negative
2a. Social Media BuzzLower
2b. Social Media SentimentNeutral

Can Luna Classic reach $1? Luna Classic News Today

LUNC Rallies After Sam Bankman Fried Facing Market Manipulation Inquiry

The infamous Sam Bankman Fried whose FTX exchange collapse led to the recent crypto market collapse is being investigated for the possible Luna collapse. Federal prosecutors are investigating Sam Bankman-Fried for possible market manipulation that led to the Terra-LUNA and UST crash in May.

Terra Co-founder Do Kwon also believed that it was FTX and Sma Bankman who led to Terra’s collapse. In a series of Tweets, he explained the possible events that led to the collapse of Luna and UST.

Terra Rebels Launch Their Own Wallet for LUNC

Terra Classic Community moves one step closer to becoming independent of Terra Labs. The Terra Rebels launched their own wallet and now they have officially parted away from LUNA v2.0 wallet – Terra Station. The Terra Rebels are developing an independent wallet for LUNC known as Rebel Station.

The news about this development was shared on Twitter. As per the tweet, Terra Rebels will not be supporting Terra Station anymore. TerracVita will be handling the LCD endpoints for Terra Station. Terra Rebels will be supporting their own station “Rebel Station” with their LCD clusters.

Terra Classic $1: CrowdwisdomLIVE Buy Sell Indicator*

  • Current Momentum: Negative
  • Competitive advantage (Liquidity): Moderate
  • Short-Term Trading Recommendation: Buy
  • Long-Term Investment Recommendation: Hold

*Do your own research

FAQs: Luna Classic $1

Will luna classic reach $1 again?

Yes, Luna Classic can reach $1 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

Will Terra classic reach $1? LUNC Concerns

There are numerous concerns around Terra Luna Classic

  1. 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?
  2. What is the leadership structure in Terra Luna Classic? Unlike Bitcoin which has a well-designed architecture that truly enables a decentralized approach, LUNC cannot survive without leadership. It is unclear how the community will deliver strategic thinking without leadership.
  3. Community efforts have completely focussed on the Luna Classic Burn tax rather than the direction of LUNC itself

Can lunc reach $1? Conclusion

Yes, Luna Classic can reach $1 in 37 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, LUNC has made admirable progress but a lot of work is still pending.

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.

The Author does not own a position in this cryptocurrency

Will Luna classic reach $1?
Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.

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