Who wouldn't like Luna Classic to pump to $1?
If you owned just $100 of LUNC today, by the time 1 LUNC is worth $1 you'd have a portfolio worth $625,000. That's enough for two or three lambos. Maybe even a small mansion in the suburbs.
But there's just one problem.
Luna Classic will not reach $1 in 2023 – and probably not in the next 50 years. Let's take a look at what new statistics are saying.
Think about the math.
Luna Classic has a circulating supply of 5.98 trillion LUNC tokens. To be worth $1 each, the LUNC market cap needs to be equal to supply – a $5.98 trillion market cap!
The entire crypto industry barely held $3 trillion in the last bull market.
The crypto industry is predicted to grow to $4.94 trillion in 2030. So maybe if Luna Classic became the biggest token in the market (highly unlikely) then by 2050 it could have a $6 trillion market cap.
The Luna Classic burn tax was cut from 1.2% to 0.2% in October. As a result, the October burn was 18.8 billion LUNC and the November total burn was just 9.2 billion LUNC.
At this rate, Luna Classic could burn 1 trillion tokens in a decade. But that would still need a $5 trillion market cap for LUNA to reach $1.
But it also means Luna Classic could burn 5 trillion tokens in 50 years.
That would bring the supply down enough for LUNC to have a $1 price without its market cap going over $1 trillion. This is a possible solution – but do you really want to wait 50 years?
Probably not. Especially when there are hyper-deflationary tokens like EverGrow around. EverGrow burned through nearly 1% of its circulating supply in November, and prices rose 43%.
In fact, EverGrow is on track to make the same ROI that LUNC could make in 50 years in the next 5 years according to its huge token burn success.
You can read more about EverGrow's burn mechanism here: https://evergrowegc.com/
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.