Has the anticipated dollar arrived? How long will this bull market last?
$LUNC 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 LUNC confirmed its main bull market pattern, the price would soar to $0.00139. In the long term, different calculation methods yield different results:
#lunc涨到一美元需要多长时间 - According to Reddit user u/squatchi, if we use the Rule of 72 and calculate with a 1.2% burn rate, it would take about 7 to 8 years to burn 99% of the current supply to achieve a price of $1 for LUNC.
- Another Reddit user u/casa stoken calculated that if the daily on-chain transaction volume remains around 100 billion to 200 billion LUNC, with an average daily burn of about 3 billion LUNC, nearly 1 trillion will be burned annually. At this burn rate, it would take 6 to 7 years to reach a market cap of $40 billion, at which point the price of LUNC would hit $1.
It is important to note that the cryptocurrency market is highly uncertain and risky, and its prices are influenced by various factors such as market supply and demand, investor sentiment, policies, and regulations. Therefore, it is difficult to accurately predict whether LUNC can rise to $1 and how long it will take to reach that price. Currently, the daily trading volume is close to 400 billion LUNC. The duration of the bull market may also shorten the time frame by 20%.