Terra Luna Classic (LUNC) Price Prediction. Will LUNC price hit $0.001 in 2022?

[jaberwock]

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.

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[Ultegra134]

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.

[Kelvinid]

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.

[Silberman]

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.

[Ultegra134]

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.

[FP91G]

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/

[Ayers]

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

[BobK71]

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.

[Silberman]

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.

[Wong Gendheng]

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.

[Lantind]

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.

[TastyChillySauce00]

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

[bittick]

right now the value of luna is increasing because binance is finally helping in reducing the supplies that luna had, the thing is considering that luna is already like an abandoned project whether this effort coming from binance will results in long term or just simply could gives value increase just in a while no one knows for sure, but at least it's very good chance for everyone that invests in luna after the crash since they could easily makes tremendous returns from just the helps coming from binance.

[capedbaldy]

right now the value of luna is increasing because binance is finally helping in reducing the supplies that luna had, the thing is considering that luna is already like an abandoned project whether this effort coming from binance will results in long term or just simply could gives value increase just in a while no one knows for sure, but at least it's very good chance for everyone that invests in luna after the crash since they could easily makes tremendous returns from just the helps coming from binance.

i think the effort from binance support is not for long term because the project without development for utility is nothing more than a meme token, but we will see a high pump on the lunc price because because all luna investors used to want to recover assets from previous losses but we have to take profit if we are following the trend of the lunc recovery without waiting for a higher recovery considering the high risk coin.

[JamesDaniel90]

I think LUNC will slowly recover (especially with burn program) but it will never reach $1 which a lot of Luna Classic fans believe

I am holding till 0.0008 which will be a 10x for me.
Patiently waiting for another pump like we had in September but it may take a while seems to have slowed down lately.

[fatcatcoin]

I think they need more of a plan that just to burn 1.2%, just burning is not enough IMO

[kotajikikox]

I think LUNC will slowly recover (especially with burn program) but it will never reach $1 which a lot of Luna Classic fans believe

after what had happened? burning will do nothing for best recovery and also the LUNA scam issue is still lingering in every side of crypto so how could someone need to invest with this when there are lot of coins/project to choose that is more safer than this?

I think they need more of a plan that just to burn 1.2%, just burning is not enough IMO

absolutely correct mate , there will always way for improving and burning 1.2% does not bring anything .

[lixer]

I think LUNC will slowly recover (especially with burn program) but it will never reach $1 which a lot of Luna Classic fans believe

after what had happened? burning will do nothing for best recovery and also the LUNA scam issue is still lingering in every side of crypto so how could someone need to invest with this when there are lot of coins/project to choose that is more safer than this?

I think the only people that will have an interest to invest on this coin are the pump seekers especially if there is a positive update about the coin. They will then think that it will rise so they will hop in before it happens. When it rise successfully, they will then sell it and leave. There is no one who will take this coin seriously and make it as a long term investment because this coin have no utility.

It doesn't attract serious investors. Not only for this coin but also in any other coins, I aways see people requesting for a burn in supply. I think those people knows nothing about investing. They think burning is the only thing that will make the price rise but no it isn't.

[jossiel]

I think they need more of a plan that just to burn 1.2%, just burning is not enough IMO

absolutely correct mate , there will always way for improving and burning 1.2% does not bring anything .

And even they burn that if the demand is no longer that much, then it's nowhere to go.

Even if the prediction or asked price by OP isn't that much, that's still not good enough. But we'll see if something might occur in the long term due to this burning.

While for known coins, it's helping but we don't know if it will for Lunc.

[Scripture]

I think they need more of a plan that just to burn 1.2%, just burning is not enough IMO

absolutely correct mate , there will always way for improving and burning 1.2% does not bring anything .

And even they burn that if the demand is no longer that much, then it's nowhere to go.

Even if the prediction or asked price by OP isn't that much, that's still not good enough. But we'll see if something might occur in the long term due to this burning.

While for known coins, it's helping but we don't know if it will for Lunc.

Burning might only affect after burning a significant amount, and yes without any demand it will just a normal burning process. I can’t see any hype anymore for LUNC but of course anything can happen and we know that a single move from Whales, it can create a huge hype. We might still see a new ATH for LUNC when the market enters the bull trend, for now better to avoid it and buy good coins instead.