#LUNC✅ : A Look at the Long Road Ahead

This article dives into the current state of Terra Luna Classic (LUNC) and explores the challenges it faces.

Supply and Burn:

LUNC's current supply of 7 trillion dwarfs #USTC 's supply of 9.78 billion.

Achieving a 1:1 peg between LUNC and USTC would require an enormous amount of LUNC burning, a feat that seems unrealistic at present.

Price and Investment:

Even a scenario with a 10 billion USTC to 1 trillion #LUNC ratio (after burning 6 trillion LUNC) would result in a price of just $0.01 per LUNC.

Reaching such burn levels would require significant investment (between $0.8 billion to $1 billion), making current hype-based investments potentially risky.

Technical Hurdles:

LUNC lacks IBC (Inter-Blockchain Communication) connectivity with Osmosis, a leading Cosmos DEX. This limits its reach and liquidity.

Even centralized exchanges (CEXs) have limited LUNC liquidity, raising concerns about their order validity.

Investor Caution:

This article encourages investors to be cautious. While some believe the price will drop further, others anticipate a potential dump once IBC connectivity is established.

The Bottom Line:

LUNC's path to recovery is long and arduous. Addressing supply issues, increasing burn rates, and establishing robust liquidity across DEXs and CEXs are crucial steps. Investors should carefully consider these factors before making any investment decisions.