Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
The interesting thing is, everyone is asking whether LUNC will reach $1, but actually the real question is something else. Two years have passed since the Terra collapse, and I also suffered significant losses during that period. In that chaos, getting accurate information was almost impossible. Then I said, we need to put an end to this misinformation, and we started following Terra Classic.
At this point, people are asking us most often, "Will LUNC reach $1?" Yes, this is a symbolic target, but there is something much deeper behind it. We wanted to give a clear answer to this question: Yes, this goal is realistic. But we are not talking nonsense when we say that. We have been closely following this ecosystem for two years and understand everything that has happened.
We all say that the Terra network collapsed, but actually the situation is a bit different. UST's peg was broken, the LUNA chain was minted, and it couldn't gather momentum in the market. But even now, the Terra Classic network is operating smoothly. After the fork, the awareness of LUNC and USTC increased, and the chain attracted more users. This shows us that it is still valuable.
As you know, market makers ( and firms ) don't pay as much attention to price movements as we do. They look at the chain. Currently, we see that a major exchange's LUNC burnings have exceeded 61 billion. This is no coincidence. There is an effort to reduce supply, and the community is also looking for alternatives in this regard.
Terra currently has 3 popular coins: LUNC, USTC, and the new LUNA. The company acts as if it is ignoring LUNC and USTC. But this could also be a conscious strategy. Why do I say that? Because considering the popularity and awareness of these coins, this neglect seems deliberate.
The supply of LUNC has reached trillions. For it to reach $1, this supply needs to decrease significantly. The burn tax is precisely implemented for this purpose. The community is still looking for ways to reduce supply, and this process continues.
In conclusion, we investors think in terms of "trading," but this is the wrong approach for LUNC and USTC. These are "hold" coins. Patience is required, and this patience can take years. But at the end of those years, these so-called "realistic" targets can be achieved. Invest with money you don't need, stake your coins, and do your own research.
It's not easy to give a definitive answer to whether LUNC will reach $1. But I can confidently say that the question of whether the $1 target for LUNC is realistic or not is yes. Is the difference understood?