$LUNC Briefly about the prospects of LUNC
The recovery of the price of Terra Classic (LUNC) to $119 or even to $1 under the current tokenomics is extremely unlikely.
Historical maximum ($119): It was reached with a different number of tokens. Today, to achieve this price, LUNC would need a market capitalization in the hundreds of trillions of dollars, which is impossible (this is more than the entire global stock market).
Symbolic target ($1): To reach this price with the current supply (about 5.5 trillion tokens), a market capitalization of about $5.5 trillion is required (more than the entire current cryptocurrency market).
The only way: The only theoretical way to $1 is mass and prolonged burning of trillions of tokens combined with large-scale development and utility of the network. The current burning rates are insufficient for this in the foreseeable future.
The price movement of LUNC is currently mainly driven by speculation, news about token burns, and overall market volatility, rather than fundamental indicators that could lead to $1 or $119.
