The planned burn of 275 billion LUNC tokens by Terra Classic is likely to have a significant impact on the token’s price, as reducing the supply generally boosts scarcity and can lead to upward price pressure. Currently, LUNC trades around $0.00008325, and previous burns have shown an increase in price afterward due to heightened investor confidence and reduced supply.
After the burn, some predictions suggest a price breakout, with possibilities of LUNC reaching around $0.0001 to $0.00012 in the near term, depending on market sentiment and demand. Some more optimistic analyses even suggest a potential increase of up to 65%, meaning LUNC could hit $0.0002 with continued network development and community support.
However, the exact price post-burn will depend on several factors, including market conditions, investor confidence, and how quickly tokens are burned. It's important to stay updated on market trends and consider other forces influencing the crypto market.
