What target should investors think of? Like 0.01, 0.10 or even 1,- or much higher? I am confused and not sure what to think of Luna. Say they burn 90% of all tokens! Where would the price be? haha
swift69
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@dikkie_dick they can't burn 90%, cuz they are sitting in users wallets lol
dikkie_dick
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@swift69, Not true! Read bellow. They increased the supply so much the price tanked because of that. The supply of Luna is one explanation for this sharp drop. On May 12, there was over 13 billion Luna in circulation, compared to 343 million Luna prior to this crash (via CoinGecko). As of May 13, this has jumped to 6.5 trillion Luna.
Say they burn 90% of all tokens! Where would the price be? haha