
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/
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