Terra Classic (LUNC), formerly Terra (LUNA), has experienced a tumultuous journey since its inception. After reaching an all-time high price of $119.18 in April 2022, LUNA’s value plummeted to near zero in May 2022 following the collapse of its stablecoin, TerraUSD (UST), now USTC.
Despite this setback, LUNC has shown signs of resilience, gradually recovering and gaining traction among investors. Late last month, LUNC and USTC experienced massive price surges, leading to speculation about their potential price trajectory and the chances of regaining their lost values.
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Within the speculation, there is one intriguing question: What price could LUNC reach if it can regain its all-time high market cap of $40.99 billion?
Price of LUNC At All-Time High Market Cap
To answer this question, we need to consider LUNC’s current circulating supply, which currently stands at approximately 5.8 trillion tokens. If LUNC reaches its all-time high market cap with this circulating supply, it will trade at around $0.00706 per token.
Terra Classic (LUNC) is currently trading at $0.0001489, up 6.55% in 24 hours, and reaching that price would signify a 4,641% surge. This evaluation implies that LUNC does not need to hit $1 let alone its all-time high before the recovery of its lost values.
However, it’s important to note that market conditions and investor sentiment can significantly impact LUNC’s price. If LUNC experiences increased adoption and usage, its market cap could expand, leading to a higher price.
The support shown to LUNC’s recent proposal paints a picture of a community with great interest in their token, and if adoption can increase, LUNC could be on its way up.
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Factors Influencing Terra Classic (LUNC) Market Cap
Several factors could influence LUNC’s market cap and push its price up. The ongoing development of the Terra Classic blockchain has been significant to recent price surges.
Adoption could also give LUNC a boost and help with the revival of the ecosystem. The revival of USTC, which the developers are hard at work to achieve, could also go a long way in giving the LUNC ecosystem a boost.
Read Also: Binance Lists New TerraClassicUSD (USTC) As Terra Classic (LUNC) Braces For More Gains
Finally, the broader cryptocurrency market sentiment will also impact LUNC. A bullish market could propel LUNC to higher levels, while a bearish market could lead to price corrections.
While it’s impossible to predict with certainty what price LUNC could reach in the future, the potential to hit its all-time high market cap remains a possibility. LUNC’s recovery and the ongoing development of its ecosystem could drive its value upwards.
ChatGPT recently asked LUNC users to get ready for more gains, and a massive surge could be on the horizon for the digital asset.
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