Terra Luna Classic Price Prediction – Can LUNC Hit $1 Before 2023?

cryptonews.com:

LUNC, the native cryptocurrency that powers the Luna Classic blockchain, was last changing hands near $0.00017 and was just above its 21-Day Moving Average at $0.0001675. Whilst the cryptocurrency is still trading about 14% higher versus its November lows under $0.00015, it has seen a sharp pullback since nearing $0.00019 earlier this month.

Traders have attributed this downside to technical selling after LUNC hit a key area of resistance and price predictions remain bearish. LUNC had been trending higher since June but in mid-November broke below this uptrend. In early December, LUNC tried to retest and break back above this uptrend but was rejected – the cryptocurrency has been moving lower ever since. Bears are now targeting a retest of recent lows under $0.00015 and many think a break below here could open the door for a drop back to sub $0.00010 level.

Crypto traders who remember LUNC’s pre-Terra ecosystem and pre-LUNC hyperinflation-induced crash often ask whether LUNC can make it back to its glory days. Can LUNC return to $1.0, some might ask?

Well, given the current LUNC price of around $0.0000165, LUNC would need to post a near 600,000% return to do so. Given the current token supply of 5.9912 trillion, if each token was worth $1.0, that would imply LUNC reaching a market capitalization of $5.9912 trillion.

Almost every sane person would agree that LUNC reaching a market cap this high is never going to happen, especially within the month. Bitcoin currently only has a market cap in the region of $320 billion. And Bitcoin is the most famous, popular and oldest cryptocurrency in the space, while LUNC is the remnant of a now largely defunct ecosystem that has now largely been abandoned by users and developers.

What if