Will Luna Classic Reach $1, 1 Cent?

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

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 first challenge for the LUNC Community will be to push the price of Luna Classic to 1 cent.

Luna Classic Latest Developments

• Feb 21st: The daily LUNC burn has fallen. Over the last 7 days around 314M LUNC have been removed from the circulation while the daily LUNC burnt is 44,875,964.
• Feb 18th: LUNC burn witnessed a marginal surge. In the last 7 days around 300M LUNC were removed from circulation. The average LUNC burnt per day stands at 42,832,979 LUNC in the last 7 days. Despite the surge in LUNC burn, the LUNC price has collapsed. It is on the verge of crashing below $0.000050. The technicals and the signals are bearish.

• Feb 13th: LUNC burn is nearing 403B. However, LUNC price is below $0.00010. Influencers and individuals now maintain a bullish sentiment for LUNC while the technical signals are mostly ranging from neutral to bearish.
• Feb 11th: LUNC experienced a surge of over $10M in trading volume in the last 24 hours. Influencers and individual investors are bullish for LUNC but the technical indicators are mostly bearish.
• Feb 7th: Luna Classic $LUNC burn has surpassed 402B and the total circulating supply has fallen below 5.5T. Over the last 7 days, 1.7B LUNC has been removed from the circulation.
  • The market sentiment for LUNC is bearish. The majority of the technical indicators reflecting the outlook of LUNC are negative. LUNC breaking above $0.00010 will likely lead to a market sentiment reversal.

• Feb 5th: Binance burned 736,000,000 Terra Luna Classic (LUNC) in its 30th LUNC Burn Mechanism. This is the lowest burn since the mechanism started. $87,923 in trading fees was collected between Dec 31 and Jan 30. As of now, 400 Billion LUNC have been removed from circulation.

Luna Classic Token – Buy or Sell? Select One

• Nov 2nd: -27%
• Nov 29th: +30%
• Dec 3rd: +30%
• Dec 30th: +20%
• Jan 2nd: +23%
• Jan 28th: +13%
• Feb 5th: -4%
• Feb 18th: -90%
• Feb 21st: -54%

Luna Classic Burn Statistics

• Total LUNC Burn (Since May 13, 2022): 403.2B
• Lunc Burned On-Chain: 68.2B (17% of the total burn)
• Lunc Burn Wallet: 335.02 B (83% of the total burn)

So Will Luna Classic reach $1 again? Let us analyze

No, Luna Classic cannot reach $1 even if a larger portion of the Tokens are Burnt

To reach $1, LUNC will need to rise 13,228x.At $1, the target market cap will be approximately $5.49 trillion.If LUNC were to rise at the pace of 25%, it will take approximately 43 years to reach $1.

Quality of Investment: Moderate

Let us analyze these in detail. 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.

The aggregate Luna Classic Price Prediction for 2030 is $0.0021. This is significantly lower than the target price of $1.

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

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 $5.8 Trillion.

Can we Forecast accurately for 41 years that a Token will grow at 25% every year?

No, no one can forecast the price of a Token 42 years from now. Further, no Token or stock can grow at the rate of 25% every year for 41 years.

Considering growth, market cap, and time factors, we can confidently say 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 5556 times. At $1, the Market Cap of Luna Classic would be $580 Billion. If LUNC's price were to grow at 25% every year, it would take Luna Classic 39 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 50 Cent?

Luna Classic has a slim chance of reaching 50 cents.

To reach $0.50, LUNC will need to rise 6,614x.At $0.50, the target market cap will be approximately $2.75 trillion.If LUNC were to rise at the pace of 25%, it will take approximately 40 years to reach $0.50.

Let us evaluate this data

• Quality of Investment– Poor
• Growth required to reach 50 cent– Not Feasible
• Market Cap at 50 cent– Not Feasible

As per Crowdwisdom360 forecast, LUNC is to reach $0.00202 by 2030 which is nowhere close to $0.50. Additionally, even if 90% of the LUNC token is removed from circulation, LUNC is unlikely to reach $0.50. Therefore, considering the Quality of Investment, growth required, and time required, LUNC has a moderate chance of reaching 50 cent.

Will Luna Classic Reach 1 Cent? The Math

Yes, Luna Classic can reach 1 cent if 75-90% of the Coins are burnt

For LUNC to reach 1 cent, it would need to increase by a factor of 131. At 1 cent, Luna Classic's Market Cap will be $54.8 Billion. If LUNC were to grow at a rate of 25% each year, it would take about 22 years to reach 1 cent.

Let us evaluate this data

• Quality of Investment– Moderate
• Growth required to reach 1 cent– Not Feasible
• Market Cap at 1 cent– Not Feasible

The aggregate Luna Classic Price Prediction for 2030 is 0.2 cents. This is lower than the target price of 1 cent but it is feasible with some burn. Therefore, considering the Quality of Investment, growth required, and time required, LUNC has a moderate chance of reaching 1 cent.

Compare whether Luna Classic is a better or worse investment option than other Cryptocurrencies

Will Luna Classic Reach $1, 1 Cent: Triggers and Barriers

Terra Luna Classic (LUNC) is a cryptocurrency governed by the Luna Classic community. The success of LUNC is dependent on the execution of its development plans, which include infrastructure and technology upgrades. This in turn will drive up the demand for Luna Classic Tokens. Secondly, to increase the price of LUNC, its supply must be reduced through the burn mechanism implemented by Binance.

There are numerous concerns around the Terra Luna Classic

1. Luna Classic has no definitive leadership structure. Though Bitcoin also lacks a well-designed leadership architecture for LUNC it will be difficult to survive without leadership.
2. A large number of volunteers have contributed over the year but internal politics and even attempts to defraud have been problematic
3. As a consequence, 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

Check out other LUNC price targets using the calculator below

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