The massive Luna Classic community, as well as potential investors, are keen on knowing how high can Luna Classic price go and specifically if Luna Classic could ever breach $1. Given the sentiments behind the Luna crash in May, this is also of some emotional value.
To reach $1, Luna Classic must rise more than 11000 times. At $1, the Market Cap of Luna Classic would be more than twice the Market Cap of Apple, which is $5900 Billion. With a growth at the rate of 25% annually, it would take Luna Classic 39 years to reach $1. Given that Luna Classic is a weak case for Investment, after the crash in May, there are some points worth analysing.
Is it possible to rise more than 11000 times?
In past $BTC and $ETH rose 1400 and 166 times respectively, but the circumstances and market environment was different at that time. Looking in to the buyer's confidence in $LUNC it is safe to say that 11000 times is not possible.
Is it possible to reach a Market cap twice as much of apple?
Apple is an innovator with a billion of loyal customers, while LUNC is not. So, it seems unlikely for LUNC to reach a Market cap of 5.9 trillion $.
Conclusion
It seems unlikely for LUNC to reach $1 in a decade or so. But, crypto currency is highly volatile and somewhat unpredictable, a clear vision, definitive leadership and sound strategy can change the wind in LUNC's favour.
