could TERRA LUNA classic ($LUNC) go back to $1 dollar? - page 4.

bitkanu

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Quote from: paramind22 on May 19, 2022, 10:20:26 AM

So, it went down like 50000% or something, is there a chance it might go up 3x what it is now?

There is no chance to go up again. even the announcement that came from the new proposal didn't give impact to the price of this coin. The price of UST and luna keep dumped so hard to the bottom. people have been loosing a lot of their money. Im sure that now so many people that hodl UST have been trying to sell their UST to the market. going 3x from the current price was almost an impossible thing. UST keep dumped so hard and the inflation is still going on.
There's no hope anymore for this coin. So many people who bought at the bottom are still believing this can make them become new millionaires

FanEagle

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Quote from: BuNga_cute on May 17, 2022, 06:32:16 AM

In my opinion, it is impossible for LUNA to return to the price of $1, after a very drastic price decline, LUNA will definitely lose the confidence of investors. So we no longer need to be curious about LUNA's future, it's better if we move on from LUNA and look for other more promising projects.
It's too risky if we decide to buy LUNA right now, even though the price of LUNA is very low, I doubt that LUNA can recover again. So expecting a big profit from LUNA is like a fantasy. So think carefully if we want to invest in LUNA, do not let us regret in the future.

I would understand if the question was UST, because that is pegged to 1 dollar and even that will not return to 1 dollar ever again, we all know that it's depegged and will stay that way. However, if the question is Luna, that is even more unlikely because we are looking at something that is quite low on price and will not recover.

This is of course a warning sign to all the other stablecoins that are algo based, get away from them as soon as possible. I personally invested in some and got away. Just realize that what the market after is just money, no matter how they do that, so it is totally a difficult situation to be in at any given moment.

bitkanu

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The only way is through burning, the current supply has inflated so much that it reaches trillions, I doubt it could ever reach $1 ever again unless they do a massive burning.
Not to mention that so many traders out there entry in LUNA market when exactly the value has become so low that you could get millions and even billions of LUNA at relatively low value,
the early LUNA holders of course gonna be mad if they just burn the LUNA and not make a new ones, fork does make sense I guess.

mdzahed134

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This dream is never come true, because of LUNA circulating supply. If it will reach 1$ then LUNA will overtake even Bitcoin. So, it’s never possible for the current 7 trillion of LUNA supply. I don’t know team will take decision or not if burn supply which they minted for the several times otherwise there are no hope LUNA will go back at least 1$ in the future.

Samurai trieng

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Quote from: arapgeceleri on May 19, 2022, 08:11:03 AM

Luna became a coin that made many people suffer. People do not want to believe this decline and hope that it will return to its old levels. That's why he's after buying from the lowest levels and making a lot of profit. but I don't think it will come back to old levels. even if that happens, it may be after a very long time.

Yes, I totally agree with you that Terra Luna is unlikely to be able to repeat the achievements that have been made in recent years, and everyone is so if very disappointed to have to buy this token again, but for those who want to try investing with Luna, it's worth it You change your plans and choose more potential coins like polygon matic and solana because these coins have a very good future,

yhiaali3

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The old Terra Luna is already dead, so don't ever expect it to come back to $1 in its current form, but if a hard fork happens on Luna as it was talked about and a new version of Luna with a lower Total Supply and the old coin is abandoned the Luna could get its value back by A bit of support, I heard that Luna 2 will be released soon as 35% will be distributed to old Luna holders and 15% to newer Luna holders, the coin team is doing everything they can to bring Luna back to life I hope they succeed.

paramind22

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So, it went down like 50000% or something, is there a chance it might go up 3x what it is now?

Bonenx14

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Quote from: arapgeceleri on May 19, 2022, 08:11:03 AM

Luna became a coin that made many people suffer. People do not want to believe this decline and hope that it will return to its old levels. That's why he's after buying from the lowest levels and making a lot of profit. but I don't think it will come back to old levels. even if that happens, it may be after a very long time.

Maybe after the voting is over but somehow Do Kwon can convince the Luna community to fork because many people are against his decision, so the old Luna community is still hoping that something big can happen to minimize the losses from the Luna coin crash.

arapgeceleri

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Luna became a coin that made many people suffer. People do not want to believe this decline and hope that it will return to its old levels. That's why he's after buying from the lowest levels and making a lot of profit. but I don't think it will come back to old levels. even if that happens, it may be after a very long time.

traderethereum

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Quote from: arifteguhr on May 18, 2022, 04:07:53 AM

Quote from: traderethereum on May 17, 2022, 10:13:27 PM

But we also don't know what will happen to Luna later because it looks like Luna can still survive at the bottom.
If people still want to invest in Luna, let them be and hopefully, they can analyze the risks before acting.

I see that Luna price is still low because there is news from the team about the voting for proposals that have been submitted by the team, they also have a discussion forum to receive the best suggestions for the continued development of the Luna project for the better. So investors and traders have high hopes for a massive recovery, which is likely to be realized if the community supports it.

But the vote also doesn't necessarily push the price up because what investors have experienced is very painful and many of them doubt that Luna can go up to $1 again.
Maybe Luna can go up to that price, but I'm not sure it will happen anytime soon because it also requires the trust of many investors to return to Luna.
In the meantime, we can wait a bit to see what the outcome of the vote will be and what Dev will do.
And if it can bring about a big change for the Luna project, I think the price is still likely to go up again.

adaseb

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They can burn the tokens, or relaunch as Luna 2 or whatever but I highly doubt they will get the same trust as before. Also to make matters worse. Stocks are crashing, crypto is crashing, nobody is going to invest in this risky project anymore, at least not now.

I don’t see it being in the top coin market cap coins again. However this is crypto and weirder things have happened. Like the whole Ethereum and Ethereum Classic launch.

velive08

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Terra Luna has gone down too deep now, I think it's no longer possible for them to get up, especially since the developers didn't save the coin, they even added more supplies to make the price drop even more.
no one could recover with such a heavy devastation like the current Luna.

JeffBrad12

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Quote from: ItsCrafty on May 18, 2022, 12:05:58 PM

I don't think it will happen so. My friend spent $4 near the bottom on Kucoin. It's with 200+ now. Holding until the final network snapshot on May 27th, and dumping the spike that will likely occur just before the snapshot.

The price of luna is still dumping right now. bitcoin has been making it to have the worsts performance again. People are still betting into fork but im sure that majority of people didn't even agreed with the new proposal as they want burn not fork.
We will see whether the price of fork coin will be even worthy than the old luna or not. Im feeling skeptical about the future of this company. I feel something shady happened with it.

People are still dumping and they didn't care anymore about the final snapshot. This drama is also become even worst

Farma

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Quote from: bitterguy28 on May 18, 2022, 12:28:05 AM

After what happened to LUNA this past days/weeks? maybe this is not an easy task to answer because LUNA have come so High recently then just after a several drops? it fell down this hard?
Lucky that i sold all my Terra Luna in January so I saved my funds and now planning to invest in different altcoins.
sorry for the losers .

well, seeing the price of LUNA which used to reach hundreds of dollars, it was a pity. thinking about the price in the past, I think $1 is not a difficult thing if this project is still as it used to be. Unfortunately, the flaws in this project lead people to think that even $0.01 is very difficult to achieve. I think the CEO is also thinking the same thing, because of that they are planning to launch LUNA V2. however, for now, the price of $1 is a very difficult price to reach, even when looking at the marketcap of this coin, it makes people depressed. Personally, I'm also still holding onto this coin, but I'm not expecting so much.

Dave1

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$1 can only be possible if Kwon will go with the suggestions given to him by CZ (Binance owner) and other big investors to cut down the supply of luna by burning it. Anything apart from that, won't get Luna to $1. It will only keep Luna's price to be dangling around 0.0005 and below till it diminishes into tiny air.

In the first place why they need billions in circulation though?

Anyhow, I agree with most of the posters here, it will be hard to get back to where it was previously. It they survived this bear market then good for them. But I don't think that investors will likely pour their money on any project that Kwon Do will touch in the future. They have learn their expensive lessons from this person already, and maybe he is one of the most hated crypto personalities right now.

makishart

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$1 can only be possible if Kwon will go with the suggestions given to him by CZ (Binance owner) and other big investors to cut down the supply of luna by burning it. Anything apart from that, won't get Luna to $1. It will only keep Luna's price to be dangling around 0.0005 and below till it diminishes into tiny air.

So, will you pay luna tokens with your money and burn it when luna foundation didn't have funds on its LFG to be used to buy back and burn the token? CZ was saying it as he doesn't know if LFT already empty and people didn't know where the funds are going on. There are so many questions about the reserved funds that have not even answered yet by luna team for this.
There are bunch of critics in twitter regarding this. This is not even solved and another problem already appeared like south korean was taking a serious investigation for luna. Luna even owe the taxes

andyou1234

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I think it is very difficult for terra luna to return to $1 because the current decline is very deep, besides that what makes terra luna even more devastated is that binance has removed terra luna on their platform, of course this will boomerang for its development in the future, even if the development team can raise Terra Luna's popularity again, it will take a long time and process and of course there is very little hope of success.

ItsCrafty

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I don't think it will happen so. My friend spent $4 near the bottom on Kucoin. It's with 200+ now. Holding until the final network snapshot on May 27th, and dumping the spike that will likely occur just before the snapshot.

Wildwest

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I think to reach 1$ for terra luna at this time is a very difficult thing, because the price decline that occurred is very large and this project also there is a threat of removal by several large exchanges that are currently very disappointed and feel harmed by the project, then if there is a new update made by the team to again lift the price of terra luna then it takes a long time to get the highest value as it has ever happened previously.

Chato1977

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Quote from: Jatiluhung on May 14, 2022, 03:08:16 AM

There are so many questions that I come across about Terra Luna. starting from whether to rise again? will it return to $1 ?
and I also can not respond because of my limited knowledge about this.
maybe here friends can explain a little about the possibilities that can happen to this Terra Luna coin.
I will appreciate any of your opinions. because good conclusions can not be drawn if only done alone. it requires collecting data from multiple sources and many people.

With too much bad happening to LUNA nowadays? even a Penny is hard for this coin to be predicted because this will sounds like a misleading scenario .

LUNA once a Best coins specially when it reached the ATH but now that it has been denied by the biggest exchange ? wondering if there will be a easy recovery for this coin.

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