LUNYR, a decentralized world knowledge based on the Ethereum blockchain. This excited project was brought to life by Arnold Pham and his team and also of course by the enthusiasm of investors. On April 27th 2017 the crowdsale for the Lunyr project ended successfully with 47,923 Ether. At that time 1 Ether was about $80, making the total invested amount of money in Lunyr at $3,4 million. For every ETH invested you would get 44 LUN. And if you recalculate with past prices, investors have paid about $1.81 per LUN during the crowdsale. With this blog series I want to track the progress of the Lunyr project which I think has massive potential to become something very big. I will try to give an update every month.

Progress - 48 days after ICO/Crowdsale and awfully quiet, but...

It's been 48 days now since the crowdsale and it's been awfully quiet! The communication by the project team was not sufficient as many members of the bitcointalk forum complained. No blog post, tweets or any kind of information was shared by the team and this was kind of frustrating for a few members. People want to know if the team is actively working on their project and if they are making any progress. LUN is currently ranked #141 in the coinmarketcap list and seems to be invisible for investors. This might change this coming friday June 16th as the team announced on Slack that they will give several updates of the progress on their blog. These updates can gain the trust of the investors again and push the price upwards.

Progress:

• White paper
• Succes Crowdsale
• Tokens available and exchangeable on bittrex and other exchanges

Price analysis

As this project has massive potential to be a game changer on the web and possible bringing the blockchain closer to the mainstream, I think the current price is way undervalued. But considering the lack of communication it's fair that investors are holding back and wait for more information on the progress. The total marketcap of Lunyr is currently a small 10 million dollars bringing the price per LUN at $4.41. This is the price without any update and product. The only thing available for now is just the white paper and the tokens. However, the price has been stable with a low of ~$2,50 at a certain point but I expect the price to not reach that point anymore. The price have since climbed steady to the $3 and $4 range with a peak on $5.60. As mentioned before, the price is expected to move in the coming days as the team announced to give some updates.

For the far future when everything is live and released (2019) I can foresee a market capitalization of 1 billion or more for Lunyr. Meaning this project could have a potential 100 x return on investment or more. I will elaborate this in a new blog post.

LUN tokens - Statistics - June 14 2017

Total supply

2,703,356 LUN

Circulating supply

2,297,853 LUN

Market Cap

$10,133,050

ICO/Crowdsale price vs Current price:

After 48 days the price of LUN is 143% in profit.

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1 LUN = $1.81 Crowdsale Price April 27, 2017
1 LUN = $4.41 Current price June 14, 2017

Source: Coinmarketcap June 14th, 2017

To conclude..

This is the first blog post of the series of tracking the progress of Lunyr. As some updates will be given this coming friday I will make a new follow-up blog post next week. I will discuss the updates and do a new price analysis.