{"id":463511,"date":"2021-05-10T19:00:05","date_gmt":"2021-05-10T19:00:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=463511"},"modified":"2021-05-10T17:41:24","modified_gmt":"2021-05-10T17:41:24","slug":"luna-120-vc-fund-thinks-it-has-fundamentals","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/luna-120-vc-fund-thinks-it-has-fundamentals\/","title":{"rendered":"Can LUNA Reach $170? This VC Fund Thinks It Has The Fundamentals"},"content":{"rendered":"

The Rockaway Blockchain Fund (RBF) has published a bullish case<\/a> on Terra (LUNA) and its growing ecosystem<\/a>. <\/strong>This project has been gaining a lot of attention in the crypto space and its price reflects the hype with an 8,809% rally in the 1-year chart.<\/p>\n

At the time of writing, LUNA moves sideways in the lower and higher timeframes and trades at $16,67. The 30-month chart remains in the green, still showing a 6.3% profit. However, RBF believes there is still room for a massive rally.<\/p>\n

\"Terra
LUNA on a downtrend in the daily chart Source: CoinGecko<\/figcaption><\/figure>\n

RBF made a previous prediction in 2020, expecting Terra and its ecosystem to drive the price of its native token to $5 by 2025. Their prediction was outperformed by a wide time margin. Therefore, they have set a new price target at $170 for the next 5 years. The main reason, LUNA\u2019s deflationary supply:<\/p>\n

The higher LUNA price will be driven by a decrease in the LUNA token supply as well as by the fact that cash flow will be distributed among proportionally fewer staked LUNA tokens.<\/p><\/blockquote>\n

LUNA\u2019s Burn And Mint Mechanism<\/h2>\n

Terra\u2019s ecosystem is based on its stablecoins supply (UST, KRT). Unlike Tether (USDT)<\/a>, USD Coin (USDC)<\/a>, and other similar assets, Terra\u2019s stablecoin are decentralized and rely on a stability mechanism to maintain their price pegged to the U.S. dollar.<\/p>\n

This mechanism requires that for every UST or KRT minted, 1 LUNA<\/a> must be burn. As RBF stated in their report, the mechanism works both ways and could boost LUNA\u2019s price further as Terra takes over a bigger stablecoin market share.<\/p>\n

In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. In contrast, the U.S. Dollar monetary supply has grown by 5% since 2000 and will reach $4.5 trillion by 2025, according to RBF estimates. Stablecoins could amount to around 20% of this future supply.<\/p>\n

\"Terra
Source: Rockaway Blockchain Fund<\/figcaption><\/figure>\n

Terra could have around 20% of the stablecoin market by that time. With more substantial growth than the rest of its competitors. RBF believes that Terra could \u201cbecome the leading stablecoin provider” in the same period. The report claims:<\/p>\n

In our model, we account for this supply decrease as cash flow to stakers, because the net economic effect is similar. This projected increase of the total stablecoin supply is the main value driver behind the LUNA token price. Past daily minting amounts (left axis) together with the cumulative UST supply (right axis) are shown on the chart below.<\/p><\/blockquote>\n

\"Terra
Source: Rockaway Blockchain Fund<\/figcaption><\/figure>\n

Terra\u2019s savings protocol Anchor could be the main driver. Decentralized Finance has seen incredible adoption in the past year<\/a>. In this sector, trading is the main use case. However, RBF expects Anchor to become the dominant force on savings. Thus, adding more burning pressure into LUNA. The report concluded the following:<\/p>\n

we also believe the LUNA token can be worth more than $170 as the LUNA token supply decreases and cash flow will be distributed among fewer staked LUNA tokens. Investors in the LUNA token might see another 10x multiple on invested capital from current valuation levels.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The Rockaway Blockchain Fund (RBF) has published a bullish case on Terra (LUNA) and its growing ecosystem. This project has been gaining a lot of attention in the crypto space and its price reflects the hype with an 8,809% rally in the 1-year chart. At the time of writing, LUNA moves sideways in the lower and higher timeframes and trades at $16,67. The 30-month chart remains in the green, still showing a 6.3% profit. However, RBF believes there is still room for a massive rally. RBF made a previous prediction in 2020, expecting Terra and its ecosystem to drive the price of its native token to $5 by 2025. Their prediction was outperformed by a wide time margin. Therefore, they have set a new price target at $170 for the next 5 years. The main reason, LUNA\u2019s deflationary supply: The higher LUNA price will be driven by a decrease in the LUNA token supply as well as by the fact that cash flow will be distributed among proportionally fewer staked LUNA tokens. LUNA\u2019s Burn And Mint Mechanism Terra\u2019s ecosystem is based on its stablecoins supply (UST, KRT). Unlike Tether (USDT), USD Coin (USDC), and other similar assets, Terra\u2019s stablecoin are decentralized and rely on a stability mechanism to maintain their price pegged to the U.S. dollar. This mechanism requires that for every UST or KRT minted, 1 LUNA must be burn. As RBF stated in their report, the mechanism works both ways and could boost LUNA\u2019s price further as Terra takes over a bigger stablecoin market share. In April 2021, the total stablecoin supply stood at $75 billion which represented a 91% increase since January 2019. In contrast, the U.S. Dollar monetary supply has grown by 5% since 2000 and will reach $4.5 trillion by 2025, according to RBF estimates. Stablecoins could amount to around 20% of this future supply. Terra could have around 20% of the stablecoin market by that time. With more substantial growth than the rest of its competitors. RBF believes that Terra could \u201cbecome the leading stablecoin provider” in the same period. The report claims: In our model, we account for this supply decrease as cash flow to stakers, because the net economic effect is similar. This projected increase of the total stablecoin supply is the main value driver behind the LUNA token price. Past daily minting amounts (left axis) together with the cumulative UST supply (right axis) are shown on the chart below. Terra\u2019s savings protocol Anchor could be the main driver. Decentralized Finance has seen incredible adoption in the past year. In this sector, trading is the main use case. However, RBF expects Anchor to become the dominant force on savings. Thus, adding more burning pressure into LUNA. The report concluded the following: we also believe the LUNA token can be worth more than $170 as the LUNA token supply decreases and cash flow will be distributed among fewer staked LUNA tokens. Investors in the LUNA token might see another 10x multiple on invested capital from current valuation levels.<\/p>\n","protected":false},"author":535,"featured_media":461664,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83641,83642,65698],"class_list":["post-463511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-luna","tag-lunausdt","tag-terra"],"acf":[],"yoast_head":"\nCan LUNA Reach $170? This VC Fund Thinks It Has The Fundamentals<\/title>\n<meta name=\"description\" content=\"The Rockaway Blockchain Fund (RBF) has published a bullish case on Terra (LUNA) and its growing ecosystem. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Can LUNA Reach $170? 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