Luna Classic vs EverGrow – Which Crypto Will Hit $1 in 2023?

Imagine you buy $100 of Luna Classic today, and next year the LUNC price hits $1.

You'd be sitting on $625,000. It's enough for a Lambo – or three! And this is why thousands of investors have flocked to the Luna Classic project since August, after an innovative burn mechanism was launched that was on track to hit a $1 LUNC in the next few years.

But there's just one problem.

Luna Classic will not reach $1 in 2023 – and probably won't in the next 100 years either. Let's take a look at what new statistics are saying, and why anyone interested in token burning should be holding EverGrow in their wallets right now.

Luna Classic (LUNC) crashes -23% after Binance update in December

Back in September 2022, the Luna Classic burn tax collecting 1.2% went live on Binance. Just a few weeks earlier, LUNC pumped over 500% in price in anticipation of huge token burning.

The first month was bullish.

But then, in October, the community reduced the burn tax down to 0.2%. The burn rate fell by half. 

And now, the community voted again to send 50% of the burn funds collected towards ecosystem development. Binance announced the imminent implementation of the vote, which will see the burn rate fall in half again. Unsurprisingly, the price of LUNC crashed -23% hours after the news broke.

Now, LUNC is way off track to hit $1 price. It's not likely that LUNC will reach $1 price even in the next 100 years.

If the news disappoints you: EverGrow is on track for the same gains you could've got with LUNC. 

See why below.

(Or go ahead and buy EverGrow using BNB or BUSD here: https://evergrowegc.com/)

Why can't LUNC hit a $1 price without burning tokens?

There are currently 6 trillion Luna Classic tokens in circulation. 

Here's the market cap Luna Classic requires to hit the following prices:

• $0.001 price – $6 billion market cap
• $0.01 price – $60 billion market cap
• $0.1 price – $600 billion market cap
• $1 price – $6 trillion market cap

A $6 trillion market cap would make LUNC six times larger than the entire crypto industry today. That means 18 times larger than Bitcoin. Given that crypto analysts estimate the crypto industry's market cap at $4.5 trillion by 2030, there's a long way to go until the 40th largest token by market cap is worth $6 trillion.

In November some 9.2 billion LUNC tokens were burned. 

If that now halves to 4.6 billion, then it would take over 109 years until the LUNC supply meets the current market cap. Luna Classic has at most hit a $2 billion market cap since falling from grace in May earlier this year.

So if Luna Classic can convince investors to buy in and bring LUNC back into the crypto top 20, there's a chance for a LUNC price of $0.001 in the next 3-5 years. 

But a LUNC price of $0.01 and above? Almost impossible.

Can LUNC do anything to improve the burn rate?

An obvious move would be to introduce new proposals to increase the burn rate once more.

Compare LUNC with the leading hyper-deflationary token EverGrow. EverGrow destroyed almost 1% of its supply in November 2022 and is on track for the same explosive price breakouts you'd get when LUNC hits $1 – just it's going to happen in the next 3-5 years.

Here's how EverGrow does it.

EverGrow burns tokens by a transaction tax (2% set aside for burns) and through an ecosystem of apps which each send 100% of revenue towards burning EverGrow. No other project in crypto does this. And it's why EverGrow is on track to burn 10-20% of its supply in the next 12 months if the burn keeps up.

There's reason it will: an NFT marketplace that launched in September to huge success will be joined in 2023 by an EverGrow wallet, a crypto social media app, and a play-to-earn metaverse gaming experience.

Luna Classic doesn't even have a roadmap yet. It needs to convince thousands of investors that it's worth buying up – and just removed the most bullish incentive it had.

If you don't want to bet on something miraculous happening with LUNC, buy EverGrow now using BNB or BUSD on the website: https://evergrowegc.com/