The cryptocurrency LUNA continues to sink and fall to lower levels.

Although “TerraForm Labs” announced plans and proposals to return and split from the traditional network, the performance of the coin was not affected, but rather the opposite, as the price of the LUNA coin fell by 25% in the last 24 hours.

Can the digital currency LUNA reach 1 dollar?

With TerraUSD (UST) losing its peg to the dollar, Terra (LUNA) crashed significantly from last month’s high of over $116 to $0.0000009.

While many believe that the cryptocurrency can return in value above $1, and perhaps return to its glory days, the number of its cryptocurrencies does not support this common belief.

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In this regard, the “The Moon” account on Twitter, which has one million followers, asked a simple question:

LUNA width is very close to 7 trillion.

Is one dollar an unattainable dream for LUNA and $UST?

Investors Ditch LUNA:

In the wake of the collapse of the digital stablecoin UST, the circulating supply of LUNA has been on a rapid increase since the horrific crash this month.

The circulating supply of LUNA has grown from 300 million to nearly seven trillion in less than two weeks.

At the time of writing, LUNA’s circulating supply was around 6.53 trillion, leading many to suspect that the digital currency will touch $1 anytime soon.

When the circulating supply of LUNA was about 300 million, its market value was estimated at $33 billion to $35 billion based on price fluctuations, which was mostly around $100.

While at the time of the article’s publication, LUNA is trading at $0.00013, which means that the cryptocurrency will need to get rid of three zeros before it touches one dollar.

Based on the number of LUNA in circulation, for a cryptocurrency to achieve a price value of $1, it would require a market valuation of around $7 trillion, an impossible task given the fact that the entire crypto market is worth less than $1.5 trillion.

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It is worth noting that the rapid growth of LUNA’s circulating supply within two weeks is caused by investors redeeming their UST.

This massive offer is the reason why the community does not want to split but just burn the excess LUNA coins.

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