Market Pioneer Surprised: This Altcoin Can Do 100x!

Rex Harrison, a senior member of the community, shared his opinion on an altcoin project that can double its price by 100. Rex’s suggestions include an increase in staked tokens and investment flows.

Rex Harrison says this altcoin project can do 100x

Rex Harrison, a senior member of TerraCVita, shared how the Terra Classic (LUNC) price can reach 100x. Rex is shifting his focus away from token burns, which he touted as one of the most important campaigns in his journey to revitalize the LUNC community. According to Rex, the first way to increase LUNC to 100x its current value is to increase the total number of staked tokens to 50% of the total supply. With a total supply of 6.87 trillion, this estimate requires 3.44 trillion LUNC to be staked. Rex believes that if this success is achieved, the price of LUNC could double.

He also stated that if the ratio of staked tokens to the total supply rises to 75%, i.e. 5.15 trillion tokens, LUNC could double in size once again. It is worth noting that the total amount of staked tokens is currently 901.8 billion, which is 13.1% of the total supply. The 900 billion threshold has recently been crossed once again.

In addition to staking, Rex highlights that functionality is one of the fastest ways to increase the price of LUNC. If a cryptocurrency has utility, it means it serves a purpose other than being a store of value or a speculative investment. Functionality has been one of the most discussed aspects of the project as the community tries to revive LUNC. In this context, TerraCVita announced that it will launch a LUNC DEX in the first quarter of 2023.

Terra Classic (LUNC) animation plans

Along with the new LUNC DEX, the Osmosis IBC channel reopened last December to further promote the benefit and contributes to the community’s efforts to benefit LUNC.

Rex believes that more benefits should lead to a substantial increase in the price of the LUNC. He also highlighted investments from various entities that have reached $25 billion with a significant increase in market capitalization, which will mean a 25-fold increase. LUNC’s current market cap is currently $1.08 billion. Meanwhile, it remains in the top 50.

However, Rex thinks the LUNC burn campaign will be less effective. As we reported as Kriptokoin.com, Binance played an active role in the LUNC burns to support the community in the crash in May. Rex, on the other hand, paid little attention to the LUNC burning campaign, saying it was “wonderful” that they were able to keep the initiative going. But others decided to stress 100x the importance of burning tokens on target. Meanwhile, LUNC is currently trading at $0.0001808 with sideways movements at the time of writing after rising over 5% on Jan.