Will LUNA Recover? Is $1 Still Possible? | Coin Culture (2024)

FAQs

Will LUNA Recover? Is $1 Still Possible? | Coin Culture? ›

Will Luna recover to $1? Given the current supply, a $1 price for LUNC would mean that the Luna Classic market would be $5.8 trillion. Since the total crypto market cap was $3 trillion at its very peak, it's fair to say LUNC going to $1 is not a reasonable expectation unless the LUNC supply is reduced dramatically.

Reaching $1 for LUNC is very unlikely with the current supply, requiring a market cap of $5.80 trillion. Terra Classic implements a 0.5% tax on LUNC transactions to reduce supply and reduce the hyperinflated supply of $LUNC .

Although there's an ongoing discussion about mechanisms like a Luna tax to aid its recovery, LUNC reaching the $1 milestone is widely seen as highly improbable without a notable shift in market dynamics and tokenomics.

Will Luna ever recover? The future of LUNA remains to be determined. While the cryptocurrency market has witnessed recoveries from downturns in the past, LUNA's specific challenges make its path to recovery less clear.

Terra Classic price analysis

On the whole, it is theoretically possible that LUNC could someday hit the coveted $0.01, although it represents a serious challenge. Even with a burn rate of 90% and a price growth of 50% each year, it would still take six to 10 years for it to reach 1 cent.

So, it's hard to argue that LUNC is undervalued at the moment. Luna Classic Price Prediction for 2023-2024: Can Luna Classic reach $1? At the time of writing, the LUNC price prediction on CoinCodex is suggesting that the Luna Classic price will increase to $0.000833 one year from now (February 2024).

Which crypto will hit the $1 value next? Pikamoon holds the greatest potential as the next crypto to reach one dollar milestone. Supported by a fully doxed team of professionals, PIKA acts as the native token for Pikamoon, a forthcoming P2E game.

LUNA price might hit a maximum of 0.92 by the end of 2023. Terra LUNA 2.0 price with a potential surge could go as high as $4.59 by the end of 2030. The LUNA price today is $ 0.39750000.

The live price of LUNA token is $ 0.61853982. LUNA price might hit a maximum of $1.67 by the end of 2024. Terra LUNA 2.0 price with a potential surge could go as high as $10.38 by the end of 2030.

Simply put, there is no way Shiba Inu can rise to $1 in its current state. The community is trying to shrink supply by "burning" tokens, which removes them from circulation forever, but efforts have been futile so far.

How many Luna Classic coins are left? ›

The current circulating supply of Terra Luna Classic is 5.80T. This is the total amount of LUNC that is available.

LUNA holders will get LUNC airdrop. Luna holders will receive approximately 35% of all new tokens, 10% will go to those who held UST prior to the cryptocurrency's collapse, 25% will go to traders who still own Luna and UST after the crash, and 30% will go to a pool of Luna investors.

Terra Luna Classic price prediction November 2024: Terra Luna Classic's price for November 2024 according to our analysis should range between $0.00017 to $0.0002 and the average price of LUNC should be around $0.00019.

Terra Classic Price Prediction 2028

After a challenging period in the bear market, Terra Classic could start to bounce back with a stronger bullish trend.

Terra Classic (LUNC) Price Prediction 2026

The price of LUNC might continue to increase in 2026 as the community might have grown stronger. However, the token might consolidate for most of the year as liquidity might flow out of the market. For its prediction, Coin Edition places it at $0.00029.

Terra Luna Classic price prediction 2024: Terra Luna Classic's price for 2024 according to our analysis should range between $0.00016 to $0.00025 and the average price of LUNC should be around $0.0002.

Technical analysis showed that Terra Luna Classic is expected to range between $0.0000519841 and $0.0001580741, with the average price of $0.00010609 in 2024. That being said, if you buy Terra Luna Classic at the current price of $0.00010853, the potential ROI for you in 2024 is -2%.

Future Outlook of Luna Classic

Based on the predictions from DigitalCoinPrice, it's expected Luna Classic's price to creep up to around $0.00067 by the year 2025 and rocket to $0.0019 by 2039. AMB CRYPTO shares a similar sentiment, projecting Luna Classic's price to rise to $0.00046 by 2025 and reach $0.001 by 2030.