According to data from the cryptocurrency community on November 17, 2024, the price of LUNC is approximately $0.00012. An analyst predicted in May 2024 that after confirming a major bullish pattern, the price of LUNC would soar to $0.00139. In the long term, different calculations yield different results:
#How long will it take for LUNC to rise to one dollar?
- According to Reddit user u/squatchi, if using the Rule of 72 and assuming a 1.2% burn rate, it will take about 7 to 8 years to reach $1 by burning 99% of the current supply.
- Another Reddit user u/casa stoken calculated that if the daily on-chain transaction volume remains around 100 billion to 200 billion LUNC, burning approximately 3 billion LUNC daily, nearly 1 trillion will be burned each year. At this burn rate, it will take 6 to 7 years to reach a market cap of $40 billion, at which point the price of LUNC will reach $1.
It is important to note that the cryptocurrency market is highly uncertain and risky, and its price is influenced by various factors such as market supply and demand, investor sentiment, regulations, and policies. Therefore, whether LUNC can rise to $1 and how long it will take to reach $1 is difficult to predict accurately.
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