Terra Classic

Terra Classic (<a href="https://finbold.com/cryptocurrency/terra-luna-classic/" rel="noopener noreferrer nofollow">LUNC</a>) — formerly Terra (<a href="https://finbold.com/cryptocurrency/terra" rel="noopener noreferrer nofollow">LUNA</a>) — reached an all-time high price of $119.18 on April 5, 2022, as well as an all-time high market cap of $41 billion on the same date. This was just one month before the <a href="https://finbold.com/stablecoins" rel="noopener noreferrer nofollow">UST</a> collapse, leading to a price crash for the native token LUNC.Moreover, following the crash, the Terra DAO approved decisions to mint trillions of tokens, changing the whole tokenomics for the project, which became one of the <a href="https://finbold.com/terra-classic-price-prediction-as-5-billion-lunc-removed-from-staking/" rel="noopener noreferrer nofollow">highest circulating supplies</a> among all other<a href="https://finbold.com/cryptocurrencies" rel="noopener noreferrer nofollow"> cryptocurrencies</a>.In this context, LUNC’s perceived value was highly affected by its massive supply inflation. Considering <a href="https://www.coingecko.com/en/coins/terra-luna-classic" rel="noopener noreferrer nofollow">data</a> retrieved by Finbold on August 30, with a circulating supply of around 5.82 trillion tokens, one LUNC would be worth close to $0.0070446 — 99.99994% less than its price all-time high in US dollars.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/776f6da7f28c42099229596ee90030e1.jpg" />LUNC all-time high market cap on April 5, 2022. Source: <a href="https://www.coingecko.com/en/coins/terra-luna-classic" rel="noopener noreferrer nofollow">CoinGecko</a>Notably, a hypothetical scenario of LUNC reaching the $119.18 price all-time high would mean an asset valued at over $690 trillion market cap. For comparison, the New York Stock Exchange (NYSE) has a total market cap of $22.65 trillion — meaning that Terra Classic will never reach these prices unless some massive token burns go through.<h2 id="header-0">LUNC Price Analysis</h2>Meanwhile, LUNC is trading at $0.000065 at the time of publication, which would potentially offer the possibility for Terra Classic’s investors to gain over 10,000% for purchases made at this moment, if the ecosystem ever meets previous demand.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2a3f3a4c0e064388be8ba7737bb2a393.jpg" />LUNC 1-day price chart. Source: FinboldFrom a demand perspective, the DeFi ecosystem for Terra Classic has also suffered from a massive run. Data by <a href="https://defillama.com/chain/Terra%20Classic" rel="noopener noreferrer nofollow">DefiLlama</a> shows a total value locked (TVL) of only $1.6 million among all LUNC protocols, by press time.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/421e26836c134cc2946fc4fd0144883d.jpg" />Terra Classic Total Value Locked. Source: <a href="https://defillama.com/chain/Terra%20Classic" rel="noopener noreferrer nofollow">DefiLlama</a>The Terra blockchain was once among the most valuable ecosystems with $16.20 billion in TVL, before the UST collapse. Now, LUNC sits among the least valuable DeFi chains, which highlights all the challenges the Terra Classic community must face if they intend to conquer the all-time high demand back for LUNC.<h2 id="header-1">How other cryptocurrencies would perform according to their all-time high market cap?</h2><ul><li><a href="https://finbold.com/xrp-would-trade-at-this-price-if-it-hits-its-all-time-high-market-cap/" rel="noopener noreferrer nofollow">XRP would trade at this price if it hits its all-time high market cap</a></li><li><a href="https://finbold.com/ethereum-would-trade-at-this-price-if-it-hits-its-all-time-high-market-cap/" rel="noopener noreferrer nofollow">Ethereum would trade at this price if it hits its all-time high market cap</a></li><li><a href="https://finbold.com/dogecoin-would-trade-at-this-price-if-it-hits-its-all-time-high-market-cap/" rel="noopener noreferrer nofollow">Dogecoin would trade at this price if it hits its all-time high market cap</a></li><li><a href="https://finbold.com/shib-would-trade-at-this-price-if-it-hits-its-all-time-high-market-cap/" rel="noopener noreferrer nofollow">SHIB would trade at this price if it hits its all-time high market cap</a></li><li><a href="https://finbold.com/cardano-would-trade-at-this-price-if-it-hits-its-all-time-high-market-cap/" rel="noopener noreferrer nofollow">Cardano would trade at this price if it hits its all-time high market cap</a></li></ul>Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Terra Classic (LUNC) would trade at this price if it hits its all-time high market cap

Table of Contents

Finbold

Other articles published on Aug 30, 2023

USDC To Launch On Base Network

Bitcoin Derivatives Volume Rises to $1.4 Million

Dogecoin and Bitcoin Get Boost from Robinhood

Social Investing Industry Gets Two Big Players: Enter X (Twitter) and Yahoo

Tether partners with Bahamas-based Britannia Bank

HashKey Partners with imToken for Virtual Asset Exchange Market in Hong Kong!

Join our free newsletter for daily crypto updates!