Can Luna Classic (LUNC) Reach $1 Again?
The Terra ecosystem's collapse in May 2022 led to the dramatic decline of LUNA, which once peaked at $120. The community created Terra Classic (LUNC) after the crash, but can it recover and reach $1 again?
The current supply of LUNC poses a significant challenge. To reach $1, the market cap would need to reach $5.80 trillion, a highly improbable feat.
The community's burn program aims to reduce the hyperinflated supply through a 0.5% tax on transactions. While the Terra Classic community remains committed, the road to recovery is steep.
A short to medium-term recovery to $1 seems unlikely, but ongoing community efforts and support could bring positive changes in the future.
