Is $1 LUNC a dream or reality?
Let's talk about this $1 LUNC, is it within reach or just a mirage?
Can the $1 dream come true?
LUNC has had a turbulent journey. After the crash, a bunch of investors are hoping for a comeback, filled with enthusiasm. But let's be honest, is the $1 target really feasible?
Supply is a big challenge
Currently, there are a total of 58 trillion LUNC. To rise to $1 each, the market cap would need to reach $58 trillion, which is more than twice the global cryptocurrency market cap! Bitcoin, the big brother, still hasn't reached a $1 trillion market cap. This gap is not trivial.
Can burning coins reduce supply quickly?
To push LUNC to $1, the community came up with a plan: burn coins to reduce supply. The goal is to cut the total to 1 billion coins. Sounds impressive, but at the current rate of burning, when will the remaining 58 trillion coins be burned? Calculating, it would take over 70 years!
Exchanges are not cooperating, and the community's enthusiasm can hardly overcome the slow progress.
Market sentiment is highly volatile
LUNC's price is driven by sentiment, with a lot of speculation involved. When FOMO (fear of missing out) hits, speculative trading skyrockets, and prices rise rapidly. But this kind of price increase is short-lived; it rises quickly but falls just as fast.
Is $1 really possible?
In theory, it's not impossible for LUNC to reach $1, but it requires significant effort:
The coin burning rate needs to increase to have an impact on the total supply. Institutions need to recognize its value, treating LUNC as a treasure, especially in payment and DeFi sectors. A massive influx of foreign capital is needed to boost the market cap to $58 trillion. But without a technological or economic revolution, that’s tough!
What does the future hold for LUNC?
Don't just focus on $1; there needs to be a long-term plan:
Create real use cases, such as shining in DeFi and payment systems. Innovate coin burning methods; don't rely solely on community efforts; there should be some new twists. Investing should be rational; don't let FOMO cloud your judgment; focus on long-term value.
For the next layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential projects, where a return of over 10 times is definitely possible. If you want to make big money in a bull market, like + comment, and I'll take you through the entire bull market layout!
