Can LUNC Reach $1?
A rally to $1.0 per token is unlikely, unless the Luna Classic community implements big changes to the cryptocurrency’s tokenomics.
That’s because, at present, there are close to 7 trillion LUNC tokens in circulation.
Most would agree that Luna Classic is unlikely to ever reach a $7 trillion market cap, not least because the blockchain’s entire web3 ecosystem was obliterated in mid-2022 when UST depegged from the US dollar and triggered hyperinflation in LUNC.
Still, crypto markets are a crazy place and nothing is impossible.
