Price forecast of Terra Luna Classic (LUNC), 1$ even possible????
Tuesday
Date: 27 Jun 2023
Hello friends how are you all. Alhamdulillah I am fine with everyone's prayers. Hope you all are well.
In crypto nothing is impossible. Crypto is so volatile that being a meme dogecoin was about to touch 1$ bench mark. LUNC is no different. A year back this Luna was trading above 100$ but now the value is so tiny that nobody cares. But investors showed their loved to Lunc after the UST depeg. Though many lost bulks amount of money. But who were sticked to Lunc made a lot money. I know a guy from youtube he made 15K out of only 50$. He was lucky I should say. Considering the crush and the hype around Lunc Today I am going to discuss about the future of terra classic.
LUNC is a coin ranked 74 in the market with a value of 0.000092$. Current market cap is 536,183,764$ with a 5,822,952,558,116.46 number of coins as circulating supply. Reference The numbers are mesmerizing but Lunc is struggling to make a future in this space.
To do such the terra ecosystem rebels has implemented burning mechanism and many big exchanges have adopted that mechanism both on chain and off chain. But still this tiny number of token burns are not affecting the price action. Future is very much uncertain. With this rate of burning Lunc can end up at a price of 0.000453$ by the end of 2023Reference. If we go ahead further like year 2025 the price of each Lunc can be 0.000831$ and 0.00372$ by 2030Reference.
Lunc ecosystem team is working hard for price re-discovery, along with burning mechanism are also focusing on increasing use cases, expanding buying pressure, new partnerships and development of terra ecosystem. If all these initiatives get into work price of 1$ will not be impossible.
Please take my post as a part of information source. I never inspire investing in this volatile markets. Soul responsibility goes to you.
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https://twitter.com/mdshamim1252/status/1673676596501159940?t=lZr8KG3ivAhHiis0lw1Jeg&s=19
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