Will Luna classic reach $1 and what are the forecasts for this year?

Will Luna classic reach $1 and what are the forecasts for this year?

Will Luna Classic reach $1 and other Forecasts? $LUNC has fallen by more than 30% over the last 36 hours. This follows a massive pump that helped Luna Classic rise from below 0.00006 to 0.00016.

Luna Classic holders feeling abandoned by Terra organized themselves to continue the development of the cryptocurrency along with a Shiba Inu style Burn. The community has seen some success. However, as the broader cryptocurrency unwound over the last 24 hours, LUNC too has crashed. Here is our analysis of whether Luna can reach $1, 1 Cent and the forecasts for the year.

Luna Classic holders have forged a strong community that is at the forefront of keeping the crypto alive and in fact delivering tremendous returns from the investment. It is this community collaboration (similar to shib) that has made Luna Classic an outperformer in the last 30 days and particularly in the last 7 days. Over the last few days, Starship NFT Game has announced that Luna Classic will be accepted as payment in the game with a 1.2% burn target.

One area of interest for Luna Classic Holders is if Luna Classic could reach $1.

Can Luna Classic reach $1? Let us do the Math first

Price as of June 30th$0.000111
How many times will the price have to rise to become $1?9,009
Market Cap as of June 30th$725 M
How much are 9,009 times $725 M?$6532 Billion
If Luna were to rise 20% a year, how many years will it take to reach $1?50 Years
If Luna were to rise 50% a year, how many years will it take to reach $1?23 Years
If Luna were to rise 50% a year and also Burn 50% of the Coins11 years

Trader on Twitter: “$LUNC #LUNC Luna Classic broke the upsloping Support line and is now on its way down towards the mesured move of the broadening ascending wedge with a price target of approxitmaly 0.00007, essentially from a support level where the move up in the first place initiated from pic.twitter.com/nmL0NLDKxb / Twitter”

LUNC #LUNC Luna Classic broke the upsloping Support line and is now on its way down towards the mesured move of the broadening ascending wedge with a price target of approxitmaly 0.00007, essentially from a support level where the move up in the first place initiated from pic.twitter.com/nmL0NLDKxb

Will Luna Classic reach 1 cent? Let us do the Math again

Price as of June 30th$0.000111
If Luna were to rise 50% a year, how many years will it take to reach 1 cent?12 Years
If Luna were to rise 50% a year and also Burn 50% of the Coins6 years

Will Luna classic reach $1? What will ensure $ Luna will get $1

  1. Significant rise in value. Primarily, how can LUNC add value to the lives of consumers as well as businesses? If Luna Classic can be differentiated from Luna 2.0 and offer value to customers, the price of the token will rise and make it easier to reach $1
  2. 99% Burn. In the case of Shiba Inu, we estimated 99.9999% burn as a way to reach $1. While this is unrealistic, when combined with (1), it makes it easier to reach $1

Will Terra classic reach $1? What are the prospects?

A substantial bump in volumes after June 25th (See Chart below) finally enabled Luna Classic to breach the key resistance of $0.00006 and rise above $0.00016. However, the good run has finally ended and volumes have dropped today. LUNC has lost more than 30% from its peak over the last 36 hours.

It is critical for the community members to sustain interest in the cryptocurrency if volumes are to remain at a level that can keep pushing the prices higher.

Will Terra classic reach $1?  What are the prospects?

Luna Classic’s progress will completely depend on how the community’s plans are actually implemented. With Luna Foundation almost abandoning $LUNC, it has taken the community some time to mobilize the resources to help build a high-value cryptocurrency.

Luna Classic Price Prediction 2022: Aggregated Forecast

Max Prediction
Luna Classic Price Prediction 2022$0.000623
Cryptopricepredictions$0.001060
Digitalcoinprice$0.000185

Terra Classic Price Prediction 2030: Aggregated Forecast

Max Prediction
Terra Luna Classic Price Prediction 2030$0.0046
TechNewsLeader$0.0040
Digitalcoinprice$0.000615

Will luna classic reach $1? Concerns around Terra Luna Classic

There are numerous concerns around Terra Luna Classic

  1. What is the value it is offering to consumers and businesses? Are there better coins available in the market?
  2. While the community has elaborate plans to bring back developers and validators, it needs to be seen if this momentum sustains.

Can luna classic reach $1? Conclusion

In reality, we think it is almost impossible to reach $1 given the current price, the growth needed to reach $1, and the issues with respect to differentiation in the market. That said, if the time frame is 25-50 years, anything is possible.

The community has made good progress over the last few weeks and that is reflected in the price over the last 3 days. That said, how the community momentum sustains after this pump is equally important. If LUNC community continues to expand substantially, Luna Classic could become the coin of the year.

Explore all our Luna Classic Content here

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.

Will Luna classic reach $1?

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