#LUNC
To determine the market cap that LUNC (Terra Luna Classic) and USTC (TerraClassicUSD) would need for LUNC to reach $1, we need to consider the circulating supply of both cryptocurrencies and the relationship between them. Here's how it works:
1. Circulating Supply of LUNC and USTC
- LUNC: As of February 24, 2025, the circulating supply of LUNC is approximately 6.5 trillion (6,500,000,000,000) tokens.
- USTC: The circulating supply of USTC is approximately 9.8 billion (9,800,000,000) tokens.
2. Calculating Market Cap
Market cap is calculated by multiplying price by circulating supply.
For LUNC:
- If LUNC were to reach $1, its market cap would be:
LUNC cap = 6,500,000,000,000 ≈ 6.5 trillion USD
For USTC:
- USTC is designed to stay at parity with the dollar (1 USTC = $1). Therefore, its market cap would be:
USTC cap = 9,800,000,000 ≈ USD = 9.8 billion USD.
3. Total capitalization required
The combined total capitalization of LUNC and USTC for LUNC to reach $1 would be:
Total capitalization= 6.5 trillion USD + 9.8 billion USD ≈ 6.51 trillion USD.
4. Contextualization
- 6.51 trillion USD is an extremely high figure. To put this into perspective:
- The US GDP in 2023 was approximately $26 trillion.
- The total market cap of all cryptocurrencies in 2023 was around $1-2 trillion.
REALITY
For LUNC to reach $1, it would require a combined market cap of LUNC and USTC of approximately $6.51 trillion, which is unrealistic in the current context of the cryptocurrency market and the global economy.