Will Luna Classic reach $1 and Price Predictions for 2022, 2025, and 2030?
Will Luna Classic reach $1 and what are the Price Predictions for 2022, 2025, and 2030?
Yes, Luna Classic can reach $1. Now that LUNC Burn has been rolled out, it has become more possible than ever before. Read our detailed analysis.
Terra Luna Classic Price Prediction LUNC is likely to rise 4x (4 Times) by 2025 and more than 24x by 2030.
LUNC Burn Update: 6.37 Billion LUNC (258 M in the last 24 hours)
What is the Terra Luna Classic token?
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 $LUNA. The older token was rebranded Luna Classic and much of the control was handed over to the LUNC community.
Ever since the re-launch, thanks to the community, $LUNC has performed spectacularly
- June: +6.7%
- July: -27.9%
- August: +126.9%
- September: +30.6%
Since the fork of May 31st, $LUNC has outperformed benchmark Cryptocurrencies and the new $LUNA 2.0 by a huge margin. LUNC was trailing benchmarks over the last few days but has since recovered after the Binance press release on implementing LUNC Burn.
|Last 5 days Performance||Since May 31st|
|Terra Luna Classic||+4.6%||+125.2%|
The 3 Stages of LUNC Take off
- 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
The Luna Classic $1 Dream: There are many in the community and outside who hope that Luna Classic would reach $1 someday. It is not only a symbolic target but a very profitable one. So let us understand if a target of $1 was actually possible. Use Table of Contents to skip to LUNC Price Prediction.
Can Luna Classic reach $1? Let us do the Math first
$LUNC will reach $1 through a combination of organic growth due to demand for its tokens and LUNC Burn Tax which has just been rolled out. We have assumed a conservative 25% growth per annum. This isn’t much given how much Bitcoin and Ethereum have grown since launch. This is of course contingent on many factors that are discussed later.
|Market Cap at $1||$6154 Billion|
|Assume Luna rises 25% a year, years to reach $1?||37 Years|
|Assume: If Luna rises 25% a year plus there is a burn of 50% of the Coins||19 Years|
Will Luna Classic reach $10 Cents?
|Assume: Luna rises 30% a year, years to reach 10 cents?||23 Years|
|Assume: Luna rises 30% a year plus there is a burn of 50% of the Coins||12 years|
Will Luna Classic reach 1 cent?
|Assume Luna rises 35% a year, years to reach 1 cent?||14 Years|
|Assume: Luna rises 35% a year plus there is a burn of 50% of the Coins||7 years|
Summary: Luna Classic $1, 10 Cents and 1 Cent
Will Luna Classic reach $1?
Yes, Luna Classic could reach $1 in 19 years. This assumes Strong Community leadership, differentiation versus other coins, a 3-4% rate of annual burn, and an ROI of 25%
81% of the crowd predict that LUNC will reach $1 by 2031. This is up 8% over yesterday
Will Luna Classic reach 10 Cents?
Yes, Luna Classic could reach 10 cents in 12 years. This assumes a rate of burn of 3-4% per annum and ROI of 30% per annum.
Will Luna Classic reach 1 Cent?
Yes, Luna Classic could reach 1 Cent in 7 years. This assumes a rate of burn of 3-4% per annum and ROI of 35% per annum.
LUNC Burn Update
Will Luna classic reach $1? What will ensure $LUNC will get to $1
We evaluate the future of Tokens and Blockchains on 7 major criteria – Use Cases, Differentiation, Execution, Leadership, Community, Macroeconomics, and Other factors like Burn
- Use Cases: A cryptocurrency is likely to succeed if it has many use cases because of which the demand for the cryptocurrency would increase over time. Ethereum for example is a tremendous blockchain that has wide-ranging utility – Helping other Tokens, Smart Contracts, NFT and DeFi. While the original focus of Luna was on the financial services sector, LUNC’s focus is unclear. This is a Work in Progress.
- Differentiating factors: Just having use cases is not enough. Having an edge over the others is crucial. Investors prefer to invest in 1-2 coins in each category, not more. At the moment Luna Classic is not differentiated as the use cases are still not in place.
- Execution: Once differentiating factors are identified and ratified, getting developers to start work on them would be the next step. Some progress has been made on this but enabling consumers and businesses to use the blockchain with ease and comfort is essential.
- Organization Leadership: To enable all of the above, strong leadership is essential. With Terra abandoning Luna Classic, leadership is scattered across the community. While Bitcoin too does not have a centralized leadership, the coin had an early mover advantage and is truly decentralized as its purpose was clearly defined at the very outset. Consensus leadership exists in the LUNC community but needs to evolve further.
- Strong Community: 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.
- Favorable Macroeconomic Conditions Cryptocurrency prices are driven by the amount of financial liquidity in the market which in turn is dependent on numerous factors – Economy, Interest rates, Inflation, etc. Financial liquidity creates a strong demand for the coin as investors try to own the coin in their portfolio. Global economies will take time to recover.
- Sustained Burn. As simulated in the table above, burning 50% of the coins in 10 years could bring down the time for reaching $1. Significant progress has been made on this.
So far, the community has done well on two criteria, but not so well on the rest. We expect this to improve over the next 8 weeks primarily because of a captive LUNC community.
Luna Classic Prediction 2022 to 2040
LUNC has pumped more than 177% after the news that all validator nodes would be active from August 26th. LUNC had in fact risen 419% by September 8th before falling by more than half from the peak. The On-Chain Burn tax was implemented on September 21st. With Binance on board for the Burn Tax, LUNC staged a massive recovery on Monday and is back above $0.00025
Firstly, here are our ratings for LUNC on key parameters. Overall ratings of Luna 2.0 and Ethereum are also included for sake of comparison.
|CrowdwisdomLIVE Rating out of 10|
|Macroeconomics (Universal rating)||5|
|LUNC Total Score||38/70|
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
- Luna Classic leadership becoming more organized and focused
- Luna Classic remaining competitive in a cluttered market
- Improving macroeconomic conditions
Luna Classic Price Prediction 2022
With Terra Foundation CEO Do Kwon’s arrest warrant, there is increased uncertainty about the price going forward. Assuming that the community will be able to manage without Do Kwon, this is how we expect 2022 to play out.
- Diamond hands will drive the Burn. Others will contribute over time.
- That aside, LUNC Burn will attract a large number of payment partnerships which will further contribute to a rise in price over the next 3-6 months.
- Lastly, we expect the LUNA community to start thinking of other use cases in October-November. This could add further to the Luna Price.
As a consequence, Luna Classic Price Prediction 2022 is 0.000332. That is 1.2 times the current price. This is contingent on no major crisis due to Do Kwon’s arrest warrant.
Terra Luna Classic Price Prediction 2023
Macroeconomics is likely to improve in 2023 and the community may further consolidate its gains. As a consequence, Luna Classic Prediction 2023 is $0.000592. This is 2.2 times higher than the current price.
Terra Luna Classic Price Prediction 2024 is 0.000829 which is 3.0 times higher than the current price.
Luna Classic Price Prediction 2025
Substantial improvement in both coin dynamics and macroeconomics should push Luna Classic LUNC Price Prediction 2025 to 0.001122. This is more than 4.1 times the current price.
Terra Luna Classic (LUNC) Price Prediction 2026 is 0.001327 which is 4.9 times higher than the current price.
Terra Luna Classic (LUNC) Price Prediction 2027 is 0.001705 which is 6.3 times higher than the current price.
Luna Classic(LUNC) Price Prediction 2028 is 0.003000 which is 11.0 times higher than the current price.
Terra Luna Classic Price Prediction 2029 is 0.004410 which is 16.2 times higher than the current price.
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 0.005955. This is 21.8 times higher than the current price
Lunc Price Prediction 2025-2040 (Scenario based forecasting)
|Lunc Price Prediction|
|At 50% per annum until 2025||$0.00092|
|At 25% per annum until 2030||$0.00163|
|At 15% per annum until 2040||$0.00338|
Why is LUNC rising since June?
- LUNC price has increased in 3 of the 4 months since launch. The excellent performance of LUNC so far is because of a concerted effort by the community to revive the coin.
- The involvement of the community has gone far beyond burning (like Shiba for example).
- It has gone into appointing and supporting validators, coordinating with partners, and such.
- There may be some merit in the argument that the coin would have recovered on its own but the terrible performance of Luna 2.0 during the same period suggests that on its own, LUNC would also have languished at the bottom and in fact would have even died.
- Since May 31st, $LUNC: +125.2%, $LUNA 2.0: -74.8%
Will LUNC continue to rise?
With the Binance update on Monday, the LUNC price is unlikely to rise in the next few days. Further, given the recent pump, it is likely that LUNC will consolidate for some time before pumping again.
However, due to the roll-out of on-chain taxes, it is inevitable that LUNC prices will rise in the next few weeks and months. The next LUNC pump is likely to occur due to one or more of the following reasons
- Major app launching on Terra Classic or accepting LUNC Payments
- New apps launching on Terra Classic and using LUNC Tokens
- Improvement in Macroeconomic conditions (Like lower inflation numbers, the end of the war in Ukraine, Improving Global and US economies, and such)
Will Luna classic reach $1? Volume vs Price Chart
The flurry of community activities between June and September has helped Luna Classic. These activities include appointing developers, validators, validator fees, and passing burn proposals. Looking at the data over the last 4 months –
- Overall, LUNC price needs triggers that can keep pumping the Cryptocurrency, eg: Burn proposals, Development work, partnerships, etc.
- For example, LUNC pumped in June after the community became aggressively organized and pushed burn. LUNC pumped again in August-September after the announcement that all validator nodes were activated. The price also rose on the likely activation of the on-chain Burn tax from today.
- Over the last 10 days, $ LUNC had retreated and Trading volumes fell by 70%. However, after the Binance LUNC Burn announcement today, LUNC trading volumes are up 3 fold while the price is trading close to $0.0003, up from $0.00018
Should you buy Luna Classic LUNC now? CrowdwisdomLIVE Buy Sell Indicator*
LUNC is likely to move higher for now but there should be no rush to get in as LUNC has already pumped 30% today.
|Future Outlook – Long Term||Negative|
|Future Outlook – Short Term||Negative|
|Competitive advantage (Liquidity)||Moderate|
|Short Term Trading Recommendation||Sell|
Can Luna Classic reach $1? Luna Classic News Today
- Coinbase Relisting is the next agenda item on the community’s list
- Binance has finally agreed to roll out the LUNC On-Chain Tax.
- LUNC.BET has launched a native LUNC Projects
- The Community is actively pushing the idea of USTC Repeg that could burn even more LUNC
Will Terra classic reach $1? Concerns around Terra Classic
There are numerous concerns around Terra Luna Classic
- The arrest warrant against Terra founder Do Kwon is a risk factor. However, it is unclear whether the risk is a bigger or smaller one given that Luna classic is run mostly by the community. At the moment, we believe it is a minor risk.
- 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?
- 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.
- Community efforts have completely focussed on the Luna Classic Burn tax rather than the direction of LUNC itself
LUNC Price Prediction Today
|Overall Outlook||Partially Negative|
|1. Market’s Wisdom||Negative|
|1a. Market Data||Lower|
|1b. Technical Recommendation||Sell|
|2. Crowd’s Wisdom||Neutral|
|2a. Buzz Trend||Higher|
|2b. Social Media Sentiment||Lower|
Can luna classic reach $1? Conclusion
Yes, Luna Classic can reach $1 in 19 years if at least 50% of the coins are burnt, the governance architecture is clear and focussed, LUNC’s differentiators are clear and the Developers and Validators are working to implement these plans effectively. 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.