📩🧐 $LUNC Can it reach 1$ anywhere in time?
I usually talk about more meaningful projects and not about trashcoins except for PEPE (but only to show people how to stake it) or SHIB (to tell the common people what a pile of junk that coin is).
Today I do have a few words about this LUNC many common people likes to buy.
First, and this is the most important message in todays posting:
Buying coins because they are cheap doesnt mean its good. MarketCap matters and so does the tokens in circulation.
Marketcap of LUNC currently is somewhere around 300m - with a staggering 5,44 trillion coins in circulation.
So can it reach 1$?
The answer is a simple: No, not for now.
They need to burn at least 5 Trillion coins for this
for this to happen. Yes, they are burning coins but basically a few millions wont change anything. Not even Billlions. Erasing at least on trillion might change alot. But thats about it.
5,44 trillion coins in circulation means if it ever reaches a dollar - its at least tripple the worth than any company on this planet COMBINED. Which is currently just impossible, currently and probably in the next 2-8 decades if not even longer.
I dont doubt it can do a 5x or 10x but probably not in the next years.
Yes, I know it was once at 100$ + per coin but these were under different circumstances.
Right now, this coin is just on the same level as a meme coin.
And here is a very important information: By the time LUNC was around 100$ - there were only - as far as sources imply - 360million in circulation.
Do you understand now?
1$ is just not possible with that much of token in circulation.
Unlike PEPE, I will not buy a small piece and show you how to stake it because its worthless and just a waste of money and time. However, if you have faith (which is futile with this coin), you can stake it on Binance Simple Earn.
Good luck.
I would rather invest in coins with a usecase.
Cheers! We move.