🔥 Stop the Hype! The $119 $LUNC Confusion Explained 💰💰💰
Are you still hearing people say that $LUNC (Terra Classic) is going back to $119? Stop right there! That dream price belongs to history and a completely different coin. Knowing the truth is crucial before you invest.
💡 The $119 Secret: It Wasn't LUNC!
The coin that famously hit $119 was the original $LUNA (now often called LUNA Classic L). Back then, the entire ecosystem was built on a foundation that no longer exists:
Low Supply: The original circulating supply was tiny around 350 million tokens. Low supply + High demand = High price!
Stable UST Peg: The algorithmic stablecoin ($UST) was successfully holding its $1 peg.
When the $UST peg violently crashed, the system went into hyper-mint mode, creating trillions of new tokens. This catastrophic inflation destroyed the price and led to the collapse.
📉 The Truth About Today’s $LUNC
The outcome? The original chain was rebranded, and the old LUNA became $LUNC. Today's $LUNC, with its massive, trillion-plus supply, never hit $119. Its real all-time high is only around $0.00059.
🚀 Can $LUNC Hit $1 or $119?
With trillions of tokens flooding the market, a price of $1 would require a market capitalization of $5–6 Trillion a feat currently considered unrealistic. For LUNC to make serious gains, it needs:
🔥 Massive Token Burns (99%+ reduction).
🤝 Exceptional Community & Utility Growth.
Key Lesson: Research > Hype! Low supply created the original pump; huge supply destroyed the price. Invest with facts, not false memories.
👉🏻 Follow 👍🏻 Like & 💬 Comment for more Updates of Crypto Coins...💸💸💸.
#BTCVSGOLD #BinanceBlockchainWeek #BTC86kJPShock #USJobsData #WriteToEarnUpgrade
