After Luna began to fall heavily, a new Luna’s Rebirth Plan was announced, but since the fall was so bad, even recovery seems almost impossible. Investors lost their savings. It will take a tremendous amount of time and effort to rebuild the community and gain investor confidence.
Existing Luna coins were named LunaC and a new coin was airdropped, which began trading as Luna.
Even if LUNA tokens go up, will the community trust their savings with Terra UST or Luna? Investors are just waiting to withdraw their investment, even if prices return to normal.
In September 2022, we can see that Luna was trading just below 3 USD. The price has fallen further, since news of Do Kwon’s arrest warrant started circulating.
Today it is trading at 1.55 USD.
Investors now want to know whether to continue holding Luna, or sell Luna and move on to another coin. We will answer it in this post. So keep reading.
What happened to Luna and UST in May 2022 (now LunaC)?
A lot of drama happened with Luna in May 2022. (Previously) Luna’a price fell from 115 USD to less than 0.0001 in a few months. Luna is now called LunaC. At the time of writing, LunaC is trading at $0.0001894.
If you had bought for 100,000 in April, you would now have less than 100 USD worth of tokens left.
The UST lost its peg at $1 and fell drastically. To keep the peg, the algorithm continued to sell Luna to buy UST.
Luna (C) circulation supply has increased from 340 million to 6.5 trillion.
Investors’ wealth was wiped out in less than a week. Do Kwon suggested a recovery plan for Luna, but it’s too early to tell if that will be enough.
UST is still trading well below 1 USD. It is now called TerraClassicUSD and is now trading at 0.03458USD.
What was the new Terra Luna revival plan suggested by Do Kwon?
Make Kwon in a Publish on the Agora forum, said that Terra Luna should be forked and the new chain should be limited to 1 billion new tokens and he suggested validators reset the network and distribute the 1 billion tokens as follows:
40% – 400 million tokens to Luna holders prior to unpecking.
40% – 400 million tokens to UST holders
10% – 100M tokens to Luna holders after unpecking, before network shutdown. This is to entice Luna buyers for their role in trying to ensure the stability of the network.
10% – 100M reserve tokens for future development
However, it is not easy to distribute the tokens among the holders who held them on the centralized exchanges. Exchanges should come up with a plan on how to achieve this.
The current goal is to keep the layer 1 blockchain alive and increase the number of builders and users. Once the dust settles, the focus can then shift to reviving the decentralized monetary ecosystem.
In September 2022: This gave birth to a new token, which is now called Luna. Previous Luna tokens now trade as LunaC.
Is this new plan enough for Luna Revival?
The plan is good, but is it enough? Only time will tell. In my opinion, the recovery plan is good, but not sufficient. There are many questions about how this should be implemented. The ‘LUNA’ brand is already embarrassed. There is a huge loss of confidence. Where will the liquidity come from? Once this new plan is implemented, will it be able to bring the price back to the original prices? No.
How are you going to take care of inflation? There are many answers to your questions.
How to buy Luna with BTC, USDT?
Luna can be purchased from the following international exchanges
|Buy Luna (USD)||register here|
How to buy Luna from Indian Exchange (in INR)?
|Buy Luna (INR)||register here|
Luna Price Prediction 2023: Can Luna Hit $10?
At the time of writing (January 12, 2023), Luna is trading at $1.54, with over 127,475,474 stocks. Luna’s current market cap is $197,089,989.
So, Luna can definitely reach over $10, and with that market cap, it would be just above $1.1 billion. Some positive feelings can increase the price. It all depends on the behavior of the community.
However, with the recent news of Do Kwon’s arrest warrant, it seems difficult in the short term.
On April 4, 2022, Luna had a market cap of over $40 billion, and the current market cap is only $197 million. If Luna were to reach its ATH in terms of market capitalization, Luna could be priced at $32.78.
However, this will not happen all at once.
There is a lot of Do Kwon damage control and the whole community has to do it.
Luna INR Price Prediction: Can Luna reach INR 500?
As mentioned above, Luna can reach 10 USD. By converting 10 USD to INR, we can see that it is possible for Luna to break through 800 INR as its market cap is just above 1.1 billion USD. If Luna reached its all-time high, Luna could reach over INR 2500.
Luna Price Prediction 2023
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Luna Price Prediction 2024
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Luna Price Prediction 2025
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Terra Luna Price Prediction 2026 to 2030
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What is the Luna price prediction for January 2023?
Well, the Luna price prediction for January 2023 suggests that Luna could be trading above $1.8 by the end of this month.
What is Luna Price Prediction 2025?
According to us, Luna Price Prediction for 2025 is 25 USD. Luna could trade between 15 and 25 USD in 2025.
Can Luna reach 100 USD?
I don’t think Luna can hit $100 immediately. However, it is not impossible for Luna to reach 100 USD. For Luna to hit $100, she needs to make just over 100X. The market capitalization would then be close to $4 billion. It could certainly happen by 2030.
Is Luna a scam?
Luna is definitely not a scam. However, the recent unanchoring of the UST resulted in a drastic downfall for Luna. The fall was unfortunate. The entire blockchain was close to collapse, yet alive. However, there are allegations against the founder of wrongdoing.
Can Luna recover?
It is difficult to predict if Luna will be able to recover from the blow she received. However, with the recent new Luna Revival Plan, there’s a good chance Luna will recover. That said, it can take a long time. Read this article if you want to know more about what happened to Luna in May and if she can recover in 2023?
Can Luna reach ATH in 2023?
I don’t think it is possible for Luna to break through 115USD and touch ATH in 2030. However, in the future, there is a big possibility to break through ATH.
What is Luna Price Prediction 2030?
According to our price prediction, Luna could reach $80.05 by the end of 2030.
Should you buy Luna in January 2023?
Many investors buy Luna in January 2023 because the chart suggested a possible reversal. The price started to surge, and it moved from $1.52 to $1.32 in the last 7 days with increased volume. That’s over 20% jump.
This suggests that the price might continue to rise with the positive momentum.
The recent pump shows that Luna is definitely not dead and could yield good returns in the future. However, this is only an opinion and not financial advice. Currently, Luna is very volatile, and if you like volatility, you can continue to hold Luna.
I think it’s good long term hold.
Our article on Luna Price Prediction 2023 is based on many calculations and assumptions. Please do not take this as the final numbers. Do your own research and consult with a financial advisor before making a financial decision.
Last update: January 12, 2023