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

[AakZaki]

No one knows the future of LUNA on this situation because obviously it is getting worse up to now, and there's already some rumours that the team of luna has a plan to launch a new token in the market instead of fixing the project itself, where in, because of some reason , so on that case if it's true surely it will become more unpredictable for LUNA if there's still a chance to recover or not.

True, no one knows the future but we can predict from the steps they will take. Actually this is very unreasonable, like a token that is a scam. But from some social media news I read that Luna has sold their bakup assets in BTC. That they use to buy UST to stabilize the price. There are also offers from Polygon, but Luna must log into the Polygon network. Even earlier I had time to open FB Vitalik is also ready to help. But I don't know if it's just nonsense or true. I think at this time luna is suitable for scalping, Luna's movements are so unstable.

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[Bonenx14]

Even earlier I had time to open FB Vitalik is also ready to help. But I don't know if it's just nonsense or true. I think at this time luna is suitable for scalping, Luna's movements are so unstable.

Vitalik involvement is not a bullshit, because he also provides the best solution for luna, you can't compare them with shit influencers to try to manipulate prices, so I think you should be wiser in judging things because they will be helpful for the Luna community.

[PrivacyG]

Trillion marketcap for a failed project like this? this is a non sense thing and what in the world of company that already achieved such more than 6 trillions capitalizations?

Not if you take burning into consideration.  Keep in mind the price for one LUNA was over $70 at some point and it did not have a trillion dollar Market Cap because the supply was much, much lower.  I know burning is probably not what will happen, but this is still a possibility.

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Regards,
PrivacyG

[bitkanu]

Impossible to happen with terra luna. Inflation was so crazy and holders are complaining about this. With the current value of luna and how many billions of money needed to pump it back again tot he $1 rate. The wall become even bigger once you are pumping the price of luna to go up and the developers have no money for this caused by they are bankrupt. Doing the fork was the way for them as this doesn't require billions money to pump luna again

[TimeTeller]

Impossible to happen with terra luna. Inflation was so crazy and holders are complaining about this. With the current value of luna and how many billions of money needed to pump it back again tot he $1 rate. The wall become even bigger once you are pumping the price of luna to go up and the developers have no money for this caused by they are bankrupt. Doing the fork was the way for them as this doesn't require billions money to pump luna again

What I am curious about this project is, are luna developers really bankrupt?
Or they are hiding their wealth in other means, like the money they got from selling their bitcoin?
I don't think the devs are the ones who suffered most in this catastrophe, but it should be the holders who didn't know that this is coming to this project.
I don't want to think badly to the Luna team, but I have the feeling that they know this is about to happen, so they already took care of their pockets before this happened.

[traderethereum]

Why are you still curious about Luna after the crash happened to that token?
We do not know if Luna can go back to $1 because this token has lost the investor's trust, although right now, you can see the trade for this token continue.
Maybe people still want to make a big profit from Luna so they buy and sell this token and wait for the time.
You can only hope this time and wait like the others if you want to see Luna return to $1.

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.

Yes, it's very difficult for Luna to gain the trust of investors again after what happened with them.
There are many more promising projects and I'm sure we can find some good ones.
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.

[bitterguy28]

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 .

[arifteguhr]

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.

[Chato1977]

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.

[Wildwest]

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.

[ItsCrafty]

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.

[andyou1234]

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.

[makishart]

$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

[Dave1]

$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.

[Farma]

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.

[JeffBrad12]

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

[velive08]

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.

[adaseb]

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.

[traderethereum]

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.

[arapgeceleri]

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.