Will Luna Classic reach $1 and other predictions? $LUNC rose above $0.00008 after languishing below $0.00006. Substantial accumulation, increased volumes and progress in Community plans contributed to the increase. Here is our analysis of how Luna Classic can reach 1 dollar and the forecasts for this year.
Luna Classic owners have forged a strong community that is at the forefront of keeping cryptocurrency alive and in fact providing huge returns from investment.
One area of interest for Luna Classic owners is whether Luna Classic could reach $1.
Can Luna Classic reach 1 dollar? Let’s first make an approximate calculation
|Price as of June 28||$0.000095|
|How many times will the price have to go up to become 1 dollar?||10,526 am|
|Market capitalization as of June 28||$626 million|
|How much do 10,526 times 626 million dollars cost?||$6589 billion|
|If Luna were to increase by 20% per year, how many years would it take to reach 1 dollar?||51 years|
|If luna were to increase by 50% per year, how many years would it take to reach 1 dollar?||23 years|
|If Luna were to increase by 50% per year and burn even 50% of the coins||12 years|
Will Luna Classic reach 1 cent? Let’s do some calculations again
|Price as of June 28||$0.000089|
|If luna were to increase by 50% per year, how many years would it take to reach 1 cent?||12 years|
|If Luna were to increase by 50% per year and burn even 50% of the coins||6 years|
Will Luna classic reach 1 dollar? What will guarantee that $Luna will get $1
- Significant increase in value. First, how can LUNC add value to the lives of consumers and businesses? If Luna Classic can be differentiated from Luna 2.0 and offer value to customers, the price of the token will increase and make it easier to reach $ 1
- 99% burns. In the case of Shiba Inu, we estimated that 99.9999% burns as a way to reach 1 dollar. Although this is not realistic, when combined with (1), it makes it easier to reach 1 dollar
Will Terra classic reach 1 dollar? What are the prospects?
In the last week, $LUNC was stuck in a narrow band with limited progress. However, a substantial increase in volumes over the past 48 hours (see chart below) has finally allowed Luna Classic to breach the key resistance of $0.00006 and is now trading above $0.00008
Luna Classic’s progress will completely depend on how the community plans are actually implemented. With luna Foundation nearly abandoning $LUNC, it took the community some time to mobilize resources to help build a high-value cryptocurrency.
Luna Classic 2022 Price Forecast: Aggregate Forecast
|Luna Classic 2022 price forecast||$0.00043|
|Price of Digitalcoin||$0.00014|
Terra Classic 2030 Price Forecast: Aggregate Forecasts
|Terra Luna Classic Price Prediction 2030||$0.00224|
|Price of Digitalcoin||$0.00047|
Will Luna Classic reach 1 dollar? Concerns about Terra Luna Classic
There are numerous concerns around Terra Luna Classic
- What is the value it offers to consumers and businesses? Are there better coins available on the market?
- How reliable is it after the May accident?
- While the community has elaborate plans to bring back developers and validators, it remains to be seen if this is successful.
Can Luna Classic reach 1 dollar? Conclusion
In fact, we think it’s almost impossible to reach $1 given the current price, the growth needed to reach $1, and the problems related to market differentiation. That said, if the time frame is 25-50 years, anything is possible.
The biggest problem is that there is no visibility into how and who is running the coin at the moment. Given that LUNC has just relaunched, it is best to treat this asset as a high-risk asset that can also provide a very high return or can even lead to a 100% loss.