Is it possible for $LUNC to reach $1?
The straightforward answer: Theoretically possible, but practically very, very, very difficult (at least for now).
Why? Let's break it down:
1. The huge number of coins
LUNC currently has a supply in the billions (actually in the trillions!)
This means that if it were to reach $1, the market cap would need to be greater than almost the entire market!
A simple example:
If there are 5 trillion coins.
And the price of the coin = $1.
That means the market cap = $5 trillion!
And that's a number greater than Bitcoin + Ethereum + the entire market combined!
2. Needs a "super investor" or massive burning
For the coin to reach this number:
Either a crazy investor needs to put in trillions.
Or they need to do a massive burn of the coins and reduce the supply in a crazy way.
3. But...!
In the crypto world, "nothing is impossible"; we've seen Dogecoin and SHIB rise sometimes without logic!
If a global trend happens, or incredible community support, or a surprise from the development team... anything is possible!
A cheerful conclusion:
$LUNC = $1? Not impossible... but we need a super crypto miracle!
Should I invest? Be cautious; only invest an amount that won't bother you if you lose it.
And always keep a part of your portfolio in strong fundamental coins!