Amid the recent uptrend in the overall cryptocurrency market, the LUNC token continues to struggle for recovery and wide adoption. This leaves several members of the Terra Classic community with the question; when will the asset be valued at $1 per coin?
Of course, there have been many reactions to these concerns, with different pundits handing out their distinct predictions and factors needed for a such magnitude of increase in the price of LUNC. Among those who have disclosed their LUNC price protection is Tobias Andersen (AKA Zaradar), one of the core contributors in the community and a lead member of the Terra Classic L1 team.
According to him, the $1 mark for LUNC will not come without tangible use cases being attached to the crypto asset. Likewise, he added that the expected re-peg of the algorithmic stablecoin TerraClassicUSD (USTC) would only come with utility. On the whole, he believes LUNC would go above $1 in the next 20 years.
He wrote;
“I think LUNC will eventually be worth more than 1 USD. This is why I keep accumulating it personally. But at the end of the day you should do your own research and never buy anything you’re not willing to own forever.”
“If LUNC becomes integrated with machine-to-machine (M2M) use cases then our current supply of 7 trillion would not be enough over a period of 20 – 40 years. So no, LUNC won’t be worth 1 USD tomorrow, but if we can use it for the ideas we have in mind it might be worth more than 1 USD in 20+ years”
If LUNC becomes integrated with M2M use cases then our current supply of 7 trillion would not be enough over a period of 20 – 40 years. So no, LUNC wont be worth 1 USD tomorrow, but if we can use it for the ideas we have in mind it might be worth more then 1 USD in 20+ years
— Tobias Andersen (@ZaradarBH) January 15, 2023
Tobias Andersen (AKA Zaradar) implied that a synergy between Terra Classic (LUNC) and Terra 2.0 (LUNA) could help position both projects for growth. Although the TerraForm Labs representative, Jared, believes both projects cannot merge, Zaradar believes LUNC and LUNA can coexist and complement each other’s strengths and weaknesses.
He noted;
Here is why I think LUNA + LUNC can co-exists:
“LUNC = high velocity M1 supply well suited for games (metaverses), M2M payments (IOT) and other supply chain / remittance scenarios.”
“LUNA = store of wealth. Because LUNC with 5+ trillion supply lacks scarcity”
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