Can LUNC reach 100 dollars?
❗Let's talk about the future of Terra Classic❗
Terra Classic (LUNC) has been quite popular recently, but to say it can reach 100 dollars is a bit difficult. Why?
✅Too many tokens
LUNC has 6.8 trillion tokens, and for it to reach 100 dollars, the market cap would be 680 trillion dollars, which is more than the total assets of the entire world combined. Even if some tokens can be burned to reduce supply, it would take several decades. Right now, that 0.5% burn tax is simply not enough, and on-chain activities are limited.
✅What about the price in 2025?
Analysts say that by 2025, LUNC might peak at 0.00032 dollars, assuming everyone is having fun, upgrades go smoothly, and market sentiment is good. On average, it would be around 0.00016 dollars, and the lowest could be only 0.00008 dollars.
✅Why can't it rise?
There's a lot of competitive pressure; other blockchains are stronger, and they don’t even have transaction taxes. In reality, the number of users is low, and TVL (Total Value Locked) is also low. Prices are driven by speculation, and the actual utility is limited.
✅What can be done to rise?
LUNC needs to find ways to reduce supply and create some practical innovations, like DeFi, NFTs, games, etc., and also provide benefits to developers so that it can compete with others.
✅To sum it up
Looking at it now, it's difficult for LUNC to reach 1 dollar, let alone 100 dollars. By 2025, having a price between 0.00008 dollars and 0.00032 dollars would be good. Investors, take it easy; don't just listen to others bragging; assess the actual situation before making decisions.
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