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FOR THOSE WHO SAY LUNC WILL REACH $1 #LUNC $LUNC #LUNA✅
The cryptocurrency that reached nearly $119 was not the current LUNC, but the original LUNA (now called LUNC) before its collapse in May 2022; at that peak, it had a much smaller circulating supply, but when LUNC was relaunched, there were already billions of tokens, making a price of $119 almost impossible, as its current circulation (trillions of LUNC) is enormous.
The Peak of $119 (Old LUNA):
Date: Around April 2022 (April 5, 2022).
Currency: It was the original LUNA (before the disaster).
Circulation: It had a significantly lower total supply, allowing for that high price with a "manageable" market capitalization for the time.
The Reality of LUNC (Terra Classic):
The Collapse: Following the collapse, a massive amount of new LUNC (Terra Classic) tokens were created to try to revive the network, resulting in a circulating supply of trillions of tokens (approximately 5.4 trillion or more).
Implication: With such a large amount of tokens in circulation, for LUNC (Terra Classic) to reach $119 or even $1 would require a gigantic market capitalization, larger than the entire current crypto market!.
In summary, the legend of $119 refers to an earlier version of the coin with a very different token economy than that of the current LUNC.
The cryptocurrency that reached nearly $119 was not the current LUNC, but the original LUNA (now called LUNC) before its collapse in May 2022; at that peak, it had a much smaller circulating supply, but when LUNC was relaunched, there were already billions of tokens, making a price of $119 almost impossible, as its current circulation (trillions of LUNC) is enormous.
The Peak of $119 (Old LUNA):
Date: Around April 2022 (April 5, 2022).
Currency: It was the original LUNA (before the disaster).
Circulation: It had a significantly lower total supply, allowing for that high price with a "manageable" market capitalization for the time.
The Reality of LUNC (Terra Classic):
The Collapse: Following the collapse, a massive amount of new LUNC (Terra Classic) tokens were created to try to revive the network, resulting in a circulating supply of trillions of tokens (approximately 5.4 trillion or more).
Implication: With such a large amount of tokens in circulation, for LUNC (Terra Classic) to reach $119 or even $1 would require a gigantic market capitalization, larger than the entire current crypto market!.
In summary, the legend of $119 refers to an earlier version of the coin with a very different token economy than that of the current LUNC.
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