It seems that restoring confidence in the project is the primary goal. Subsequently, burning trillions in a short period might help.
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.
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