Terra Luna Classic vs Shiba Inu: SHIB is a bit ahead of LUNC?
Terra Luna Classic Y Shiba Inu They are two of the most beloved cryptocurrencies. The battle for supremacy in CRYPTOCURRENCIES It's nothing new. One of those rivalries between Terra Luna Classic vs. Shiba Inu Has been growing. Although cryptocurrencies have been profitable for many investors since the bottom of the pandemic, not all cryptocurrencies will necessarily be winners in the long run. In other words, what is popular is not always going to be profitable. Without a doubt, these two cryptocurrencies are attracting the attention of cryptocurrency enthusiasts. The question is, between Terra Luna Classic vs. Shiba Inuwhich cryptocurrency will reach $1 first in 2023?
Shiba Inu
The truth is, no one can say for sure when the Shiba Inu will hit $1. This is a cryptocurrency that is up 1,294,881.3% since its launch. In 2020, no one would have imagined that a $100 investment in Shiba Inu (SHIB) would turn into millions of dollars just over a year later.
2023 โ Possible correction
Shiba Inu is one of the potential cryptocurrencies to explode in 2023. Don't forget that Shib's price action has a lot to do with the performance of the broader crypto market. As such, if Bitcoin slows down in 2023, then Shib could either correct in 2023 or make marginal gains compared to its previous moves.
There is a solid historical basis for this assumption. A year before the Bitcoin halving, the market is usually bored. It is usually a time for long-term investors to accumulate, with those with large gains from previous rallies taking profits. Bitcoin's next halving is scheduled for 2024, and after the pump that started in 2020, bullish exhaustion could see the market trade sideways in 2023.
Will the Shiba Inu price hit the $0.01 mark in 2024 or 2025?
This could also be an opportunity for investors to accumulate SHIB before 2024, when the next Bitcoin halving takes place. Factoring in the impact of the latest halving, Shiba (SHIB) could easily rise above $0.01 by 2024.
That's because, at this point, its fundamentals will be much better than when it was first pumped in 2020.
For starters, many more people will meet Shiba Inu by 2024. For its potential to turn ordinary people into millionaires, many people might buy SHIB after the 2024 BTC halving with similar expectations. This FOMO could see you increase by a couple thousand percentages within that year.
Then there is the token supply aspect. Shiba Inu started out with a large number of tokens, a quadrillion of them to be precise. However, at the moment, more than 50% of that offer is out of circulation. This is thanks to the deflationary nature of the Shiba Inu and Vitalik Buterin burns almost 50% of the total supply. Shiba Inu is designed in such a way that the more people use it, the more the supply drops. Due to its adoption growth rate, its supply will be much lower by 2024. This could see SHIB increase to $0.01 within 2024.
Terra Luna Classic
The zombie Luna Classic token shocked the cryptocurrency market when it surged more than 500% in September, reaching a price of $0.00035 and making some adventurous traders rich. More of the same and it's not hard to imagine Luna Classic entering the top 20 cryptocurrencies by market cap once again.
The bullish case for a $3 Luna Classic is out of the window for 2023. The Burning Luna Classic will slash the market cap figures you saw above.
Let's say the community can burn 15% of all Luna Classic tokens, that then reduces the implicit market required to get to 1 cent per $10 billion. Such a successful consumption rate would not be enough to attract a large investment to Luna Classic.
Unfortunately, Luna Classic is way off track today. After the consumption rate was reduced in October from 1.2% to 0.2% of each on-chain (and Binance) transaction, the monthly consumption rate fell from 18.8 billion LUNC to 9.2 billion LUNC. It would take at least 10 years to burn off 15% of LUNC's supply all things being equal.
Who will win the next bullfight: Terra Luna Classic vs Shiba Inu?
In 2022, in the midst of crypto winter, there is considerable debate surrounding two of the most popular Shiba Inu and Terra Luna Classic. SHIB uses a proof-of-work mechanism that gives you a transaction fee similar to Dogecoin for all intents and purposes. In Terra Luna Classic vs Shiba Inu, any cryptocurrency could hit $1 soon.
