๐ The truth about $LUNC legend $119 versus reality ๐ญ
Many people still say: โLUNC once reached $119, it will get there again!โ But the truth is very different ๐
The currency that reached $119 was the old Terra (LUNA) at that time, the system was stable, and the total supply was around 350 million (very low).
That version of LUNA was used to maintain the peg of UST, the stablecoin.
But when UST lost its peg, the system began minting trillions of new Luna tokens to save it, causing the supply to explode to over 6 trillion ๐ฅ
After the collapse:
The old LUNA was renamed to Terra Classic ($LUNC )
A new currency Terra 2.0 (LUNA) was launched.
So, the LUNC you see on Binance today is the currency after the collapse, not the original LUNA that reached $119.
Its all-time high (ATH) is only about $0.00059.
๐ Now the big question: โCan LUNC reach $119 or even $1?โ
๐ The truth is:
The supply of LUNC is in trillions, meaning that for it to reach $1, its market cap must exceed $5โ6 trillion, which is nearly impossible.
However, if massive burns (99%+) continue and the community remains active, some improvement in price could happen, just don't build unrealistic hopes.
๐ก The lesson:
Old LUNA โ Current LUNC
The low supply raised LUNA, and the massive supply lowered LUNC.
Always trust research over hype ๐
$LUNC
#LUNCโ #BTCVSGOLD
Many people still say: โLUNC once reached $119, it will get there again!โ But the truth is very different ๐
The currency that reached $119 was the old Terra (LUNA) at that time, the system was stable, and the total supply was around 350 million (very low).
That version of LUNA was used to maintain the peg of UST, the stablecoin.
But when UST lost its peg, the system began minting trillions of new Luna tokens to save it, causing the supply to explode to over 6 trillion ๐ฅ
After the collapse:
The old LUNA was renamed to Terra Classic ($LUNC )
A new currency Terra 2.0 (LUNA) was launched.
So, the LUNC you see on Binance today is the currency after the collapse, not the original LUNA that reached $119.
Its all-time high (ATH) is only about $0.00059.
๐ Now the big question: โCan LUNC reach $119 or even $1?โ
๐ The truth is:
The supply of LUNC is in trillions, meaning that for it to reach $1, its market cap must exceed $5โ6 trillion, which is nearly impossible.
However, if massive burns (99%+) continue and the community remains active, some improvement in price could happen, just don't build unrealistic hopes.
๐ก The lesson:
Old LUNA โ Current LUNC
The low supply raised LUNA, and the massive supply lowered LUNC.
Always trust research over hype ๐
$LUNC
#LUNCโ #BTCVSGOLD
