Terra Luna Classic (LUNC) has seen dramatic highs and lows, and since its collapse in 2022, it has become a symbol of both hope and, for some, delusion. A faction of the LUNC community, often referred to as the ābrainless bulls,ā continue to pour money into LUNC, believing that the coin can reach $1. But is this vision of $1 LUNC grounded in reality, or is it merely wishful thinking? Letās break it down.
1. FOMO Bulls and The Numbers Donāt Lie
ā¢ Current Supply:
The current supply of LUNC is a massive 5.8 trillion coins. For LUNC to reach $1, the market capitalization would need to rise to 5.8 trillion USD. This is far beyond the entire current market cap of all cryptocurrencies combined, which stands at around $2.5 trillion USD.
ā¢ The Fallacy of HODLing:
Many āFOMO bullsā continue to believe that if everyone holds onto their coins, the price will eventually reach $1. This logic fails to account for the basic fundamentals of supply and demand and overlooks how market capitalization works.
2. The Token Burning Dilemma
The community has rallied around a plan to reduce the LUNC supply by burning coins, with hopes of reducing the total supply to 1 billion coinsābut how realistic is this goal?
ā¢ Current Burning Rate:
The current burning rate stands at 80 billion coins per year. At this rate, it would take over 70 years to burn the entire supply of 5.8 trillion coins under ideal conditions. This timeline is impractical, especially considering the volatility of the crypto market.
ā¢ The Problem with Unrealistic Expectations:
While burning coins can help reduce supply, the scale and time required to burn 5.8 trillion coins makes the goal of reaching $1 per LUNC look almost impossible. Many supporters of the burn program fail to acknowledge these harsh numbers, instead flooding forums with messages of hope, such as āLUNC to the Moon!ā
Conclusion: Is $1 LUNC Realistic?
The dream of seeing LUNC reach $1 is, at best, a distant fantasy. The supply is far too high, and the burning process would take decades to make any substantial impact. While the LUNC community may continue to push for changes and burns, the reality is that achieving $1 per coin is highly improbable without massive shifts in market conditions and tokenomics. For now, it seems like the ābrainless bullsā may be dreaming, while the numbers tell a very different story.