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Topic: Terra Luna Classic (LUNC) Price Prediction. Will LUNC price hit $0.001 in 2022? - page 3. (Read 1294 times)

legendary
Activity: 3010
Merit: 1028
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Luna continues to explode, no matter the case of Do Kwon or Market that is Red, today rises more than 12% when many top coins are red, I'm sure the end of the year can kill 1 zero again so that the price of $ 0.001 is realistic and seems easy to achieve.
That's only a small pump. It was going down so hard before. I think that you must learn again what you have called that as explode. The price is steadily going down again. People are pumping caused by some twitters accounts with big followers were triggering people with the result from binance burn which is still remain unknown. It will be revealed in the next days. that's why so many people make speculation by buying luna. This is not as hot as before
sr. member
Activity: 2324
Merit: 263
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In the meantime, our long-term LUNC price prediction for 2022 is bullish since it cannot break the current support level anytime soon. We can expect LUNC to reach $0.001 in 2022.
Do not make opinions without analysis, because it can make things worse. High speculation on projects that have actually done scams is also an invitation for people to invest there. I hope crypto users don't get caught up in people's speculations that are too high on a particular project. In general there is nothing wrong with one's speculation, but those who speculate should also look at good projects. At least the project is not committing a real fraud.
sr. member
Activity: 1428
Merit: 252
Luna continues to explode, no matter the case of Do Kwon or Market that is Red, today rises more than 12% when many top coins are red, I'm sure the end of the year can kill 1 zero again so that the price of $ 0.001 is realistic and seems easy to achieve.
legendary
Activity: 2534
Merit: 1338
But what about Do Kwon who is now under arrest, whether we can trust back what they hold. A bit of Do Kwon's background isn't very good either. We can trust LUNC but their team gives enough bad impression of what they have done, will we be able to believe it after all that happened.
Do kwon is still owning thousands of bitcoin when he was saying so many times all of bitcoins already gone to be used to back LUNC. That proves that if he was a liar and he can't be trusted. he refuses to give 67millions back to the investors which have been scammed by him. I hope that all of money that is still owned by him can be seized as soon as possible to be used to repay the investors who lose their money.
67 million is a lot of money for people like us but when we see how big was Luna at the time before it crashed then we see that such an amount is not really a lot, and while any amount of money will be well received by those which were scammed by Kwon they will still have to face huge losses, and that is assuming there are no more issues with this coin, something that I find difficult to believe as Kwon seems to be a serial scammer which has gotten away with his crimes until now.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
At some point the price of many tokens sky rockets due to hype. Such situation may be the case with Luna Classic. Because already they have been able to make a big community. They are burning tokens at a massive rate. As a result, investors are interested in investing here, many are investing in large amounts. Ultimately the token price will be higher when the demand is high. From that point of view I believe the price of this token will increase. However, if not this year, it can be expected in the future.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
But what about Do Kwon who is now under arrest, whether we can trust back what they hold. A bit of Do Kwon's background isn't very good either. We can trust LUNC but their team gives enough bad impression of what they have done, will we be able to believe it after all that happened.

as far as i know, Lunc is no longer under the control of dokwon and the old development team so i don't think it will affect Lunc's future too much. besides, recently, binance has also officially announced that they will support the cost of burning Lunc to support the project as well as support those who still believe in Lunc, this has received the warm support of many people. this is also the reason why yesterday's lunch increased by more than 40%

dokwon has not been caught, he is an international wanted so it is only a matter of time before the authorities find him, he is a big scammer in the history of the cryptocurrency market
legendary
Activity: 1820
Merit: 1121
S. Korean Authorities Look to Freeze $67M Bitcoin Tied to Terra's Do Kwon
Interpol has issued a Red Notice for Kwon's provisional arrest pending extradition, as a worldwide search for the Terraform Labs co-founder continues.
Authorities in South Korea have requested crypto exchanges OKX and KuCoin to freeze some 3,313 bitcoin (BTC), worth around $67 million, tied to Terraform Labs co-founder Do Kwon, CoinDesk Korea reported on Tuesday.
https://www.coindesk.com/policy/2022/09/27/s-korean-authorities-look-to-freeze-67m-bitcoin-tied-to-terras-do-kwon/
hero member
Activity: 1680
Merit: 845
Perhaps I didn't phrase that correctly. Luna has a sizable following, divided into two groups: those who believe it can regain its former glory and those who bought at the bottom and are waiting for the right time to sell. I don't believe it has huge potential; certainly not since it completely failed once, it's bound to fail again since no proper action was taken for its recovery, but I do think that there will be some percentage of improvement in the upcoming future. Even if it reaches $0.001, as the OP suggests, it will be a huge win for those who bought at ~$0.00002.
There will always be a winner here who took the risk at the bottom price, and probably they are seeing some profit now. With the adoption of Binance on the tax many becomes more optimistic about the future price of LUNC, and despite of its history many hopes for a better price. Personally, I won’t expect that much and I just hold a small amount and whatever it takes, I will keep on holding until the bull market.
It takes so many years for lunch to burn its trillions. The burning rate is not yet determined. people are taking whole of daily trade volume while it can't represent how much will be burned by the exchange site. I think that people didn't even understand about the burn.
Binance will be accumulating the fees for a month and let's see how much will be burned by binance but i do believe that will not be so big

I've read that it's 1.2% burn per transaction, which is a few million coins at a time. What most LUNA holders/users don't understand is that they'll have to voluntarily pay the 1.2% fee, as opposed to Binance's minimal fees. Personally, it looks like a mere attempt to save the coin, which currently has trillions in circulation. It'll take years to have any kind of effect on the blockchain. Eventually, the trend will wear off and the LUNC will simply fall to its ultimate death.

There's no use hoping for its recovery. At most, it'll eventually surpass $0.001 during a bull market and only those who purchased during the crash will benefit. Early adopters within 2020–2021 are pretty much doomed.
legendary
Activity: 2534
Merit: 1338
I would be amazed if it will really reach 0.001$ this year. LUNC became a shitcoin for me now since the UST depping issue happened and only its community is what makes it alive. It's developer Do Kwon has arrest warrant now from the authorities of South Korea. I would not recommend it to someone that wants to invest in crypto for long term. Even trading it for short term is risky since whales can easily pump and dump LUNC with its current price.
It was indeed a huge change in its performance from one of the most trusted projects into one of the big scam events in crypto. However, it was good to see that people have started to change their minds and realize that this project gives them no opportunity to earn but a chance to lose their money. I'd see how it ruins the image of crypto but that is also expected to happen to know that scams are already been happening. This means that we can't assure everything that even Bitcoin or any potential project can also be a scam in the future.

I really hope that people become way more cautious as a result of this scam, even if you were not one of the people that were affected by this is important that no matter how legitimate a project may look it can always turn into a scam at any second, so when investing in altcoins it is important to always be willing to sell your coins at the smallest sign that there could be something wrong, because if you fail to do this then you may find yourself in the same position as those which bought Luna at its ATH and that now are completely ruined because of it.
sr. member
Activity: 2828
Merit: 344
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I would be amazed if it will really reach 0.001$ this year. LUNC became a shitcoin for me now since the UST depping issue happened and only its community is what makes it alive. It's developer Do Kwon has arrest warrant now from the authorities of South Korea. I would not recommend it to someone that wants to invest in crypto for long term. Even trading it for short term is risky since whales can easily pump and dump LUNC with its current price.
It was indeed a huge change in its performance from one of the most trusted projects into one of the big scam events in crypto. However, it was good to see that people have started to change their minds and realize that this project gives them no opportunity to earn but a chance to lose their money. I'd see how it ruins the image of crypto but that is also expected to happen to know that scams are already been happening. This means that we can't assure everything that even Bitcoin or any potential project can also be a scam in the future.
hero member
Activity: 1680
Merit: 845
If I were to invest in Luna and a meme coin, I'd invest in Luna, not because I believe that much has changed but because there's still a community behind it hoping it'll recover.

Strong community? I do not think so. For those who have made a profit or who have not invested in Luna, people have seen this coin as a dead coin or will never trust the coin that has collapsed and taken away billions of dollars from investors. The people who are backing for Luna are the ones who have lost a lot of money on it and they have no choice but to hold and support it, hoping one day it will rise again so they can get out of it, not everyone stays because it is a potential coin worth investing in.
Perhaps I didn't phrase that correctly. Luna has a sizable following, divided into two groups: those who believe it can regain its former glory and those who bought at the bottom and are waiting for the right time to sell. I don't believe it has huge potential; certainly not since it completely failed once, it's bound to fail again since no proper action was taken for its recovery, but I do think that there will be some percentage of improvement in the upcoming future. Even if it reaches $0.001, as the OP suggests, it will be a huge win for those who bought at ~$0.00002.
legendary
Activity: 2660
Merit: 1074
I would be amazed if it will really reach 0.001$ this year. LUNC became a shitcoin for me now since the UST depping issue happened and only its community is what makes it alive. It's developer Do Kwon has arrest warrant now from the authorities of South Korea. I would not recommend it to someone that wants to invest in crypto for long term. Even trading it for short term is risky since whales can easily pump and dump LUNC with its current price.
I would be amazed if it even recover at any point, it's clear that it's not going to recover at all and it will only go down and it will be a horrible coin in the long run. People still think that there is a chance LUNC or LUNA could get back to where it was, or at least make "some" money for them but we all know that it is impossible.

It's a pure shitcoin, it has always been like that but the crash showed how terrible it was to more people and ever since those days people can't comprehend that they lsot money and they should get away from it. Saying "I was wrong" is the hardest thing to do for some people, and they are losing more money instead of saying that.
hero member
Activity: 1932
Merit: 535
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TERRA Classic has shown the world that cryptocurrencies can be a huge scam, after which no one is responsible for anything and walks free, and even creates new projects.  So I would not be surprised if this scam is worth even more than 0.001 next year. Although it seems to me that this project is more likely to die than to recover. All the recent growth was just manipulation to sell more expensive. I wouldn't buy any LUNA or Classic coins for holding in the hope of catching a profit.


As zasad@ stated, cryptocurrency scams had been rampant since the early years of cryptocurrency.  There are lots of huge projects that end up scamming investors so the case of Terra Luna isn't the first one and is not surprising to happen.  In honesty, I don't think that the developer intended to scam its investors, I believe they are also a victim of consequences but then, of course, the responsibility lies on the shoulder of these developers because they are the ones managing the project.  It only looks like a scam when the founder gets in hiding to evade the authority.

IF only Do Kwon presented himself and face the lawsuit, this will show that the project is created not to scam people but they themselves are also a victim of the event.  But well, they can always explain the involvement of the wallet address owned by the project to the crash of UST.  Unless they don't explain and clear things, they will be labeled one of the scammers of crypto industry.

I think this crash was pre-planned and everything fell apart quickly without any intervention from the developers until it completely crashed and they voiced their ideas create a fork. If he is not guilty then Dokwon shouldn't run away, this is a stupid act if he is innocent. Following the Korean government's arrest warrant for him, today Interpol issued a worldwide arrest warrant for him. Enough to show that he intentionally doesn't want to cooperate to clarify things, he is still hiding and declaring on twitter that he is willing to cooperate but so far, no one has been able to find him.
legendary
Activity: 2576
Merit: 1043
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I remember people predicting this coin up to $500 before the crash and almost everyone used to say that, this is a very strong project. Hold it for the long term and it will make you rich. Then many people believed in it and invested their hard-earned in buying it.

Then one day its stablecoin ( ust) was depegged and to save that stablecoin the Luna team minted this coin to an astonishing extent. And the price started to look like it is a meme token.

Now its predictions have started again, again it is being shown as a strong project I am afraid people will fall for this deception again.
Don't worry, it happens with different coins as well.
People will predict a specific price to be reached by a particular coin because of it's popularity.

With regards to Terra Luna, I still remember that this coin was one of the most popular project and became a top 10 coin out of nowhere. The 20% annual profit really is attractive. Unfortunately because of arrogance of Do Kwon, hackers targeted their project and saw a loophole in their system that caused the project to fall miserably and let those who are holding Terra Luna tokens to lose massively.

I will make a prediction but not with this project. A project that made people lose most of their money investing into this. A project who until now is scamming people by creating another project again. A project who is still deceiving and attracting people to invest into their project where in fact, they already failed in their first one.
legendary
Activity: 2534
Merit: 1338
Why would anyone want to lose time on this scam coin? I mean to everyone who is not involved with it, it's crystal clear that it is a terrible project to invest into after what happened. The ones who are involved keep saying that it could be recovered but they are the only ones.

I would understand if we were some traditional stock market hedge fund CEO and saying that bitcoin is bad or something, but we are all crypto lovers here and we all invest into crypto and while investing into over a dozen ones, I am saying that this one isn't, and there are millions like me. To think that you would somehow manage to do it anyway? Like it would recover? That sounds a little bit foolish.
They are being delusional, there is nothing else I can conclude from the people that believe this coin can actually recover at some point in time, those which invested in it when this coin was very popular simply do not want to accept the reality because it is to painful for them to do it, so they hope that somehow the coin will recover, but we know the truth and even if the coin is still keeping itself alive it will not be long before a complete collapse happens.
sr. member
Activity: 1638
Merit: 255
I think it's better just move on and investing in better coin instead, LUNC is dead, the only thing that's left from the massive collapse of the luna is its remnant of lunc that's already turning to shitcoins,
even if it did reaches that mark, I doubt it will make something better since that's like small increase compared with its former all time high, I think at this point where quite literally many of its veteran luna classic holders are seeking chance to liquidate their lunc, investing in it is definitely bad idea.

For investors who do their research and analysis properly, they must have considered LUNC as a shitcoin that will die soon. Moreover, the founder of
LUNA has been found guilty, so this proves that something is not right with LUNC. As you said, instead of continuing to expect LUNC to pump high,
we'd better invest in other projects. It's too risky to be in a bear market situation investing in LUNC which has a bad track record. Besides, I think that
even if there are still people who still hope for LUNC, those are some of the investors who suffered losses when investing in LUNA a few months ago,
and still hope to be able to compensate for the losses they experience if they invest in LUNC. Even though their thinking is wrong, giving LUNC
a second chance will only make the loss bigger. There are many other projects that are safer and will give us big profits, so don't spend our money
and time on shitcoins like LUNC.
legendary
Activity: 3276
Merit: 1029
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A big pump for luna happened before but it seems like that the performance is showing the opposite thing and it's slowly going down again. I guess how many dumb people keep investing their money in this shit.
The price was almost going back to the 0002 which mean posibility to go back to the sub 0001 is always there or it may happen very soon. Im sure that so many people are so dumb and got trapped at the peak price when they are buying this shit token.
There are so many dumb people these days. I don't know how long they will keep believe this shit.
legendary
Activity: 3010
Merit: 1280
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lunc will just lost its volume in the future since it's actually already a dead project, it's just some traders are using it for speculation which definitely short lived and could literally vanish into thin air in the future.
I'd invest in something better like matic instead, investing in lunc is just wasting your time, it's just like meme coin in general, basically the rise of its price is hardly could gets forecasted.

True, as I look at the trading volume of LUNC, it is still an unbelievable volume for a dead project.  It is simply a sign that wash trading is highly active in this project to make the market looks active.  Aside from that, the price of LUNC continues to plunge as it moves from 37 to 39 CMC rank today.  Despite of the huge volume, people are starting to realize that this project won't offer them any good but losses.

lunc just gonna decrease its price in the future, i mean you shouldn't be more wishful towards lunc considering it's already abandoned coin there's really no point in hoping that it would somehow increase its price magically.
instead if you wanna invest you could just ditch lunc and move over with newer luna but then again both coin are just equally as bad.

It already started to lose its value ever since it reaches $0.0005+.  It looks like the hype and pump have already lost their effect.  And probably the announcement of the issuance of a warrant of arrest against Do Kwon also played a huge part.  So the hope of LUNC reaching $0.001 is getting vague each day.
hero member
Activity: 2296
Merit: 506
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lunc will just lost its volume in the future since it's actually already a dead project, it's just some traders are using it for speculation which definitely short lived and could literally vanish into thin air in the future.
I'd invest in something better like matic instead, investing in lunc is just wasting your time, it's just like meme coin in general, basically the rise of its price is hardly could gets forecasted.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
Just a prediction? maybe article shared by OP is right. Lunc could touch $0.001 because right now the price is around $0.0003, it should be 1 year from now (maybe also not). But unfortunately, I'm not interested in assets that have failed before. I also can't believe it, it's better for me to buy a little meme coin to gamble rather than to buy this assets. Sorry I have to be honest!

but can lunc continue to last more than 1 year to hit 0.001? a coin whose owner is being prosecuted at the world level.  i also want to say that investing in lunc is now riskier than investing in memes, i would rather invest in meme coin or keep using that money to buy a large number of lottery tickets maybe better than investing in it
while profit is something everyone wants to work towards, there is no reason to believe that a coin has scammed thousands of people in the past, it's a stain that can never be erased, no matter how big it is
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