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If you’re currently investing in LUNC with the belief it might surge to $0.01, then we have news for you – it won’t happen. Many investors are buying the re-launched Luna Classic in the hopes of regaining some losses but will likely end up disappointed.
It’s a dangerous game, and it’s implausible for it to hit $0.01 before 2023. However, there are speculations about one coin, IMPT belonging to the environmentally conscious IMPT ecosystem that may reach $0.1 by 2023 as it pushes for a green future.
LUNC Might Be Recovering, But Unlikely To Reach $0.01
Terra Luna ($LUNA) was an algorithmic stablecoin ecosystem that launched in July 2019 and crashed in May 2022 – causing investors to lose over $60 billion in the process.
An illustration of the LUNA ecosystem collapse
The remnant of Terra Luna is Luna Classic (LUNC), and it’s been gaining traction since September as investors pile back into the ecosystem, hoping to regain some losses. After hitting a low of $0.00018 in September, LUNC surged by over 70% to the current $0.00031 level.
LUNC Price Surging in September 2022
In fact, LUNC managed to surge by a whopping 590% from the August 2022 low to the September 2022 high of $0.00055. The price surge was primarily a result of Binance announcing that they would roll out a scheme to reduce the supply of the token by burning 1.2% from every LUNC transaction.
However, investors must remain cautious as it is unlikely that the remains of the collapsed ecosystem will hit $0.01 targets before 2023.
Ridiculously High Token Supply Preventing $0.01 Targets
The project has no hope of hitting $0.01 targets due to the ridiculously high circulating supply of the token. One of the components of the algorithmic stablecoin, UST, was printing LUNA tokens to maintain the $1 peg. However, during the collapse, LUNA printed trillions of coins as the supply increased from 350 million to 6.5 trillion.
Exploding LUNA Supply During May 2021 Collapse. Source: The Block Research
Even with the supply burn scheme introduced by Binance, LUNC still has a circulating supply of 6.1 trillion. With such a high circulating supply, the total market cap of LUNC would need to reach over $6 billion to hit $0.01 before 2023.
However, one token that has a possibility of reaching 10x higher than $0.01 and hit $0.1 in 2023 is IMPT.
Eco-Friendly IMPT Can Potentially Reach $0.1 Post Presale
IMPT is currently undergoing a presale for its native token, and it is quickly gaining traction after raising $2 million in under one week from going public;
? ATTENTION #IMPT Crew!! ?
?? WE JUST PASSED THE $2 MILLION MARK IN OUR FIRST WEEK OF PRESALE??
Things Are Speeding Up! ??
HURRY!!! Don’t Miss This Early Opportunity!! ?
? https://t.co/TRiH3U7a7L#presale #climatechange #environment #carbonfootprint #blockchain pic.twitter.com/CWdQADYicx— IMPT.io (@IMPT_token) October 8, 2022
The presale for IMPT is scheduled to take place over three phases. The current phase offers 600 million tokens for $0.018 and is already 20% complete – just one week into the sale.
The following two phases will occur consecutively after the allocation of tokens is entirely sold. In phase two, 660 million tokens will be offered for $0.023, and the final phase will offer 540 million tokens at $0.028.
With the current momentum behind the presale, all three phases will likely sell out much quicker than expected – probably before 2023. Once the presale is complete, the token will be listed on major CEX and DEX platforms, allowing the token to make a run for $0.1 following the presale.
Carbon Credit Market Helping Keep Crypto Positive Amongst Environmental Activists
IMPT is a carbon credit ecosystem designed to help individuals and businesses lower carbon footprints by removing the complexities of purchasing carbon credits. The platform allows users to buy, sell, and retire carbon credits and provides a method to earn them while conducting their regular shopping.
IMPT enables all the carbon credits to be tokenized as NFTs on the platform – removing carbon credit fraud such as counterfeit credits or double counting.
Happy Monday #IMPT Crew! ???
Buy, sell and retire carbon credits with the https://t.co/f7szQiICkS platform. The carbon credits are minted into #NFTs, which helps prevent any fraudulent activities. ♻️♻️
Visit Our Website To Learn More!
? https://t.co/gsiPOEzPvG pic.twitter.com/KIDW8u0dCe— IMPT.io (@IMPT_token) October 10, 2022
The project’s presale is quickly gaining momentum as investors realize the potential that IMPT has to push crypto into a more positive sentiment amongst environmental activists. The cryptocurrency industry has long been regarded as a potent pollutant of the environment, increasing carbon dioxide output through the mining process.
With IMPT helping individuals and businesses reduce their carbon footprint, the project will likely gain some ground in the fight against climate change and global warming. If the established momentum continues to build, the presale could sell out well ahead of schedule and possibly make a run for $0.1 after launching on exchanges.
Image by Gerd Altmann from Pixabay
