could TERRA LUNA classic ($LUNC) go back to $1 dollar?

[Jatiluhung]

There are so many questions that I come across about Terra Luna Classic. 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 classic 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.

[diffract]

Terra is off the rails now. No amount of fundamentals or technical analysis can predict the price. People are just gambling, many are aware of this, some aren't

[Marvelman]

There are so many questions that I come across about Terra Luna. starting from whether to rise again? will it return to $1 ?

It is highly unlikely. Even if the coin miraculously recovers, it will not be easy to restore its old glory and people will be sceptical. Simply put, this experiment failed miserably. And the future of this cryptocurrency seems bleak.

[bitbollo]

For what I can remember in the history of all cryptocurrencies no one has ever been able to recover from such a collapse.
not only the "fundamentals" are lacking at the technical level, but also at the community level there is a sentiment against "the old value".

let's talk about a rise x10000! basically this is science fiction!
in practice, it has been clearly seen how such a coin can collapse... the exact same situation can occur again in the future!

[coco23]

It will never go up to $1. There are too many tokens now in circulation. For the past days we saw an exponential downward spiral where more and more LUNA were minted in a desperate attempt to maintain the peg for UST. Unfortunately there are too many UST still outstanding and LUNA's marketcap is already way too small to stay a reserve currency for all those UST. I would stay away from LUNA, whatever they try to save it, it won't be to the benefit of the current UST or LUNA holders.

[Johnyz]

Not going to happen due to increased supply and latest agreements between CZ- Luna CEO. In the best case, price can double at this point but it will go down more, in my opinion. Don't jump on Hype and use stop loss always.

What’s the current deal between CZ?
LUNA can burn their supply, and that could be a game change especially if they are going to burn more supplies since right now minting is not possible. There’s a lot of new investors because of the current HYPE, we can’t really know what’s next for LUNA and since the team promise to stay, $1 can still happen in the right time and many will surely be happy to see that price again with LUNA. High risk, High reward better to know your side now.

[goaldigger]

The HYPE is on, now they are trying to pump LUNA so those who are trap can still have the chance to sell their holdings. Be greedy when others are fearful, this is the quote circulating on social media, it looks like everyone jumps in when they saw 1500% pump today, this is risky and you should be ready for whatever the result is. Many already lose money with LUNA, just use your extra money and invest at least a small amount of money. If LUNA can hit $1, most probably it will rise higher but of course this will take more time.

[TastyChillySauce00]

It will never go to the $1. I just remind you that if this token has no chance again to go to the big rate like that. The fact that the supply was more than 6 trillions and with 1 dollar value and the marketcap will be even doubled compared with the biggest company in the world like apple. This is a non sense thing to see a company with garbage product can surpass apple just used FOMO. That thing will never come true

[Captain Corporate]

There is really nothing that I could see right now that Luna could do to make it go back up too much. I hope that it would, at the end of the day too many people lost money and I would love it if the price goes back up so that everyone would earn, why wouldn't I want people to earn, but I doubt it. This is the dilemma of the people who are realistic, if you are saying the truth that you believe, then it will be quite difficult for you to get liked because you are saying things that people do not want to hear. I keep saying not to invest in Luna anymore, but many people think that I am just a hater, when in fact I am just trying to protect them.

[kurniawan05]

I think it's almost impossible to happen, people have lost their trust in Luna and UST, now luna has an enormous supply of more than 6 trillion, to reach $1 then the marketcap will be more than 10 times the current BTC marketcap.

[takngantuk]

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.

can if terraform labs want to buyback and burn the total supply currently circulating. currently the total supply of luna is 6t, if burned in half or even left less than 1t, I think it's possible. But if they don't, don't expect Luna to go up. I even doubt that Luna can maintain the current price.

[Jatiluhung]

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.

can if terraform labs want to buyback and burn the total supply currently circulating. currently the total supply of luna is 6t, if burned in half or even left less than 1t, I think it's possible. But if they don't, don't expect Luna to go up. I even doubt that Luna can maintain the current price.

I read all the replies friends above. and said it would be very difficult if terra luna had to go back to $1. and the thoughts of friends above are very acceptable because it is as you and all of you said, namely with the current supply it is very unlikely to return to $ 1. unless the team burns coins. and i see comments suggesting do kwon to burn terra luna to reduce circulating supply.
even CZ binance came to the point of commenting on this and suggesting the same. and what's interesting is the problem with terra's BTC which doesn't seem to have been used to buy back to restore the price. and CZ commented on this in her twitter. The point is CZ says where is the BTC which they say is for UST backup, why isn't it actually used for backup? Cz Binance Twitter

[killerfrost]

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.

Paranoia with thoughts of a failed project. Look at their justifications; at least, that is how I would expect these guys to compensate for their mistakes.
And personally, I don't participate in the game that people think is luck here because it only has to fail , I have also seen some friends who have spent money to buy again when the price of the fish is too much 0 but they still suffer the pain of not controlling their own money. For those who have money left over, pay attention to buying coins like BTC ETH BNB... because it won't fail like LUNA. Take a look at the last few days after strong market volatility. I'm sure you guys elephants have hoarded more crypto for their own use and will have the tricks to push the market price again. We sold investors will spend money again to save the losses and scenarios during this period, which perhaps will be even worse.

[Marvelman]

CZ Debunks Rumors that Binance Invested $300m in Terra (LUNA)

Binance did not participate in the 2nd round of Luna’s fund raising nor did we acquire any UST. Binance Labs invested $3m USD in Terra (the layer 0 blockchain) in 2018. UST came much later after our initial investment.

https://twitter.com/cz_binance/status/1525754773626097669

Binance's CEO has also urged the Terra team to be more transparent, in particular in regards to on-chain transactions.

The last few days, we tried hard to support the Terra community. In my tweets, I am simply pointing out the potential issues from my understanding. Minting, forking, don’t create value. Buying back, burning does, but requires funds. Funds that the project team may not have.

In this regard, I would like to see more transparency from them. Much more! Including specific on-chain transactions (txids) of all the funds. Relying on 3rd party analysis is not sufficient or accurate. This is the first thing that should have happened.

https://twitter.com/cz_binance/status/1525754777170231298

[crwth]

I don't think it will come back anymore to that price, and it might just be the end of Luna. It has just collapsed to the floor and can never go back to its original glory with what happened to it. It's like making Bitcoin history again with the price increase you will make. It can be a gamble on what it could be again, but that's speculation.

[Beparanf]

Definitely NO way with current circulating supply and how fuck up the UST is. In case it will go back to that price again, They will need to burn all those Trillion Luna supply and make it below 500M Luna circulating supply again. It will need billion dollars fund to make it happened and in case they take the hard fork way, I'm sure no one will ever trust Luna again and those old token olders will rush to deposit on exchange just exit with good price.

Luna already show the hell on it's investor by doing poor leader in times of attack. This will not happened they allow UST to solo received the attack and leave Luna out of it. They can always buy back manually once the attack is over yet Do Kwon is very egoistic to continue the UST pegged to Luna code.

[inanilujimi]

Definitely NO way with current circulating supply and how fuck up the UST is. In case it will go back to that price again, They will need to burn all those Trillion Luna supply and make it below 500M Luna circulating supply again. It will need billion dollars fund to make it happened and in case they take the hard fork way, I'm sure no one will ever trust Luna again and those old token olders will rush to deposit on exchange just exit with good price.

Luna already show the hell on it's investor by doing poor leader in times of attack. This will not happened they allow UST to solo received the attack and leave Luna out of it. They can always buy back manually once the attack is over yet Do Kwon is very egoistic to continue the UST pegged to Luna code.

One more thing, reserve funds have not been used to save the Luna ecosystem, he only sacrificed investors who were deeply injured. if he really cared about Luna he should have acted quickly, but on the contrary it seemed as if he wanted this to happen.

[sulis sudibyo]

and what's interesting is the problem with terra's BTC which doesn't seem to have been used to buy back to restore the price. and CZ commented on this in her twitter. The point is CZ says where is the BTC which they say is for UST backup, why isn't it actually used for backup? Cz Binance Twitter

I heard that do kwon is not using his bitcoins as a peg recovery effort. but there are some tweets that say it's been done, but not able to restore the situation as before. There has been a lot of speculation about terra's bitcoin reserves, but nothing can really be proven because from the start the terra development team seemed closed about the matter. even cz had to suspend luna's trade yesterday so he could be responded to by the terra team.

but in my personal opinion, if terra still has funds (bitcoin) there is still hope for it to recover.

[masterrex]

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.

Honestly speaking, I doubt it, but for the sake of fairness let us give them an ample time to implement a solution that they want to do, and let us see what will be the outcome, its a big problem that needs a big solution so it's up to them, Anyway $1 per Luna was still possible if they can successfully fixed the huge Terra Luna problem.

[Atikah92]

For what I can remember in the history of all cryptocurrencies no one has ever been able to recover from such a collapse.
not only the "fundamentals" are lacking at the technical level, but also at the community level there is a sentiment against "the old value".

let's talk about a rise x10000! basically this is science fiction!
in practice, it has been clearly seen how such a coin can collapse... the exact same situation can occur again in the future!

I think a lot of people started buying when Luna was up thousands of percent after the crash.
I noticed something odd which was quite significant between one of the exchanges going up 1000% more at the same time the trust wallet went up to 2000% more.
is this manipulation?
many of those who have bought have problems.