Luna Classic burned so many tokens in October it was
on track to hit $1 price within the next 5-10 years.
Luna Classic hitting $1 is over
50 years away
Luna Classic has a circulating supply of 5.98 trillion
LUNC tokens. For the LUNC price to be $1, the LUNC market cap therefore needs
to be equal to supply – a $5.98 trillion market cap!
In cryptocurrency trading, price is always equal to
market cap / circulating supply.
Will burning have an impact?
Not likely in the next 50 years. Luna Classic burned
9.2 billion tokens in November. If it continues at the same rate, then in 50 years
the circulating LUNC supply will dip below 1 trillion for the first time and
make a $1 price more possible.
EverGrow on track for huge ROI
after burn rate pumps 4x faster than LUNC
If you’re unimpressed by Luna Classic’s burn rate,
take a look at what EverGrow is doing:
Unsurprisingly, after burning 1% of the EverGrow
supply in November the prices pumped 43%.
crypto industry took another blow in December with the ongoing collapse of FTX,
followed by damaging news headlines about Binance. But now that Binance has
weathered the storm it looks like the crypto industry will have a price pump
is bound to be one of the newer tokens taking the market by storm in 2023.
you want to get ahead, then buy EverGrow today before other investors take
advantage of this huge opportunity. With burning set to explode even further
it’s the last chance to get in while prices are low.