The Terra Luna Classic ($LUNC) community has seen some big changes recently, the most notable of which is a significant increase in the $LUNC burn rate. Binance, one of the largest cryptocurrency exchanges in the world, recently completed a massive $LUNC token burn, totaling 1.01 billion. Since the crisis of 2022, the community has destroyed more than 76 billion tokens, which is quite a staggering number.

It is expected that $LUNC burn volume will continue to grow in the coming months as trading volume increases and new trading pairs are launched. Although the market has experienced some volatility, the price of $LUNC is still showing strong upward momentum, rising by 23% in the past seven days and 6.8% in the last 24 hours, despite the overall crypto market falling by 1.5%.

$LUNC has a history of significant price increases, especially during Bitcoin’s post-halving bull run. For example, within 231 days after the second halving, the price surged by approximately 8,000%, and within 192 days after the third halving, the price increased by an astonishing 23,000%. It is expected that after the fourth halving on April 20, 2024, the price of $LUNC will explode again, which may herald the beginning of the bull market cycle in 2025.

Through technical analysis, the price of $LUNC has currently retraced to the 0.785 level but is rising. If the buying pressure continues, the price of $LUNC could surge to the 4.236 extension level, which is around $3.95. Analysts have different opinions on when $LUNC will rise to $100. Some predict that it may have to wait until 2037, while some analysts believe that by the end of this bull market, $LUNC may be between $1 and $3. between.

It is worth noting that if $LUNC does rise to $100, its market cap will reach $9.99 trillion, which will undoubtedly be a huge milestone. However, such predictions are still subject to considerable uncertainty, as the cryptocurrency market is affected by a variety of factors, including macroeconomic conditions, market sentiment, technological developments, etc. Therefore, when investors consider investing in $LUNC, they should fully consider market risks and do appropriate risk management.