#The possibility of the LUNC (Terra Classic) coin reaching 1 US dollar soon, like at the beginning of December, is very far-fetched and unrealistic, based on the current market analysis of the coin and the immense challenges it faces.
🛑 The main reasons that make reaching 1 dollar very difficult
The huge circulating supply:
To reach a price of 1 dollar, the market cap of the coin must equal the circulating supply.
The circulating supply of LUNC currently stands at trillions of coins (about 5.8 trillion coins).
To achieve a price of 1 dollar, LUNC would need a market cap of about 5.8 trillion dollars. This value is much larger than the total market cap of the entire cryptocurrency market (which was about 2.5 trillion dollars at its peak in previous times).
The slow burning mechanism:
The LUNC community relies on a "burn mechanism" to reduce the circulating supply, but at the current burn rates, analysts expect it could take decades (70 years or more) to reduce the supply sufficiently to make reaching 1 dollar theoretically possible.
Current forecasts:
Price forecasts from analysts and financial institutions for the LUNC coin for the year 2025 to 2030 do not indicate any price close to 1 dollar. Instead, forecasts revolve around very small fractions of a cent (like $0.00003 to $0.001 in the long term),