Market data from leading indices for Bitcoin (BTC) could indicate the effects of increasing supply inflation. Any token requires more demand to maintain its value and can face an inflationary supply. These two factors can influence the price increase or decrease of a cryptocurrency. Each can have its unique tokenomic structure, including Terra Classic.
LUNC’s Supply-Demand Relationship
According to the CoinMarketCap index, LUNC’s market value hit an all-time high of 40.99 billion dollars on April 4, 2022. Meanwhile, the token’s price soared to 119.18 dollars the following day. Analysts indicate that approximately 343.933 million LUNC were in circulation during the mentioned period. Let’s examine LUNC’s supply inflation and its economic impacts.
At the time of writing, Terra Classic’s circulating supply was 5.80 trillion LUNC. This situation could result in over a 1,000,000% supply inflation for more than 5.80 trillion tokens. Price projections can also show the massive economic impacts of this immense inflation.
Critical Price Prediction for LUNC
If Terra Classic reaches its highest speculative demand with a market value of 40.99 billion dollars, LUNC could trade at a price proportionately lower than the price corresponding to its all-time high. Considering the circulating supply as of December 1st, Terra Classic could be priced at 0.00706 dollars per token at its peak capitalization. Additionally, a 119.18 dollar loss (99.999%) occurred compared to the price before 2022.
However, this still indicates a potential increase of 4,800% from the current price of 0.0001442 dollars. It is important to understand that the prediction requires the same demand as in 2022. There is no guarantee that this demand will be seen again, but it is also possible for the demand to increase even more in the coming years. Consequently, Terra Classic (LUNC) has attracted attention by reaching its all-time highest market value according to the CoinMarketCap index. However, 5.80 trillion LUNC are in circulation facing over a 1,000,000% supply inflation. This circumstance obscures the future price and economic effects of the token, but also offers a potential increase opportunity.
- Supply inflation shapes LUNC’s market dynamics.
- Potential for LUNC’s value to experience significant shifts.
- Future demand levels remain uncertain for Terra Classic.
