Market Visionary
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#LUNC LUNC's $119.18 Dream: A Burning Impossibility
Restoring Luna Classic (LUNC) to its $119.18 peak price (April 2022) is not feasible through token burning alone.
Here's why:
* Massive Supply: LUNC's current supply is ~6.9 trillion, a huge jump from ~400 billion at its peak.
* Unrealistic Market Cap: To reach $119.18 with the current supply, LUNC's market cap would need to hit ~$822 trillion – far exceeding global GDP and the entire crypto market combined.
* Burn Rate Problem: Achieving the old price would require burning ~6.9 trillion LUNC (99.994% of current supply). Current burn rates are too slow, taking centuries.
* Beyond Burning: Success also needs a massive increase in demand, adoption, and restored trust, which are currently lacking.
Realistic goals for LUNC involve:
* Improving burn efficiency.
* Rebuilding its ecosystem.
* Gradual supply reduction (e.g., 1-5 trillion tokens).
The $119.18 target is a practical impossibility. Focus should be on achievable goals like $0.01 and long-term ecosystem recovery.
😎👍If you appreciate my effort, please consider following, liking, and sharing this post!
#LUNC✅
Restoring Luna Classic (LUNC) to its $119.18 peak price (April 2022) is not feasible through token burning alone.
Here's why:
* Massive Supply: LUNC's current supply is ~6.9 trillion, a huge jump from ~400 billion at its peak.
* Unrealistic Market Cap: To reach $119.18 with the current supply, LUNC's market cap would need to hit ~$822 trillion – far exceeding global GDP and the entire crypto market combined.
* Burn Rate Problem: Achieving the old price would require burning ~6.9 trillion LUNC (99.994% of current supply). Current burn rates are too slow, taking centuries.
* Beyond Burning: Success also needs a massive increase in demand, adoption, and restored trust, which are currently lacking.
Realistic goals for LUNC involve:
* Improving burn efficiency.
* Rebuilding its ecosystem.
* Gradual supply reduction (e.g., 1-5 trillion tokens).
The $119.18 target is a practical impossibility. Focus should be on achievable goals like $0.01 and long-term ecosystem recovery.
😎👍If you appreciate my effort, please consider following, liking, and sharing this post!
#LUNC✅
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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