Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

Bybit Learn

Altcoins

Puzzled about the recent hype behind the Terra ecosystem? Find out what are their differences as we highlight them in our LUNA vs. LUNC comparison.

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The market is still reeling from the spectacular collapse of the Terra ecosystem in May 2022. The trouble started when Terra's algorithmic stablecoin, UST, lost its peg to the dollar, sending its sister token, LUNA, into a hyperinflationary death spiral. Within a week, the two tokens, previously among the top 10 cryptocurrency tokens, had become almost worthless, wiping out over 

Do Kwon, the founder of Terraform Labs (developer of the Terra Blockchain), proposed a hard fork in an attempt to revive the project. The hard fork implementation resulted in a new chain with a native token called Luna (LUNA), and the original Terra blockchain's native token was renamed Luna Classic (LUNC).

With the market yet to recover from the debacle, Terra's back in the news again. This time, LUNC, the native token of the original Terra blockchain (Terra Classic), 

 in a month, launching it into the top 30 cryptos by market cap.

Is it the right time to return to Terra? First, let's analyze the recent price hikes of LUNA and LUNC and what they mean for investors.

 is a Cosmos-based blockchain payment platform built to support algorithmic stablecoins (crypto assets that automatically track the price of fiat currencies or other assets). The Terra blockchain attempts to leverage the combination of fiat currencies’ price stability and the censorship-resistance of decentralized networks to offer users instant and affordable exchanges, payments and settlements.

Terra, a Layer 1 blockchain, was powered by LUNA, its native token used for governance and staking, and 

, its main stablecoin. The two tokens had an innovative symbiotic relationship that involved a price-balancing model. Using smart contracts, Terra incentivizes users through an arbitrage model that seeks to keep the supply of UST in constant equilibrium with demand, thereby sustaining the 1:1 USD peg.

Terraform Labs, the startup behind the Terra ecosystem, was co-founded by Do Kwon and Daniel Shin in 2018. The Terraform team started developing the project the same year and officially launched the mainnet in April 2019. 

Do Kwon, who assumed the CEO role, had previously founded Anyfi, a blockchain startup that provides decentralized wireless communication network solutions. He was also a software engineer with Microsoft and Apple.

By 2021, the Terra network had rolled out various stablecoins pegged to different fiat currencies, including TerraUSD (UST), TerraCNY, TerraGBP, TerraJPY, TerraKRW, TerraEUR and TerraSDR (pegged to the International Monetary Fund's 

). Terra stablecoins facilitated cross-border payments and instant swaps at negligible fees.

This robust real-world utility made Terra a leading stablecoin payment system, and Terra UST quickly became the third largest stablecoin by market cap. The Terra ecosystem expanded in the DeFi space and included over 100 projects, notably Anchor Protocol, LoTerra, Chia, Vega Protocol, Mirror Protocol and Talis Protocol, which provide various solutions for millions of users globally.

On May 8, 2022, TerraUSD (UST) briefly lost its peg to the dollar, slipping from $1 to $0.985. Although it regained its peg, the event cast doubts over the project's sustainability. What followed next was a devastating erosion of value as investors rushed to liquidate their UST holdings.

To understand the Terra meltdown, we need a basic grasp of the underpinning mechanism of the LUNA-UST symbiotic relationship.

 wallet. This means that if UST drops below its $1 peg, say to $0.90, users can exchange it for $1 LUNA and then sell it for $1, making a profit of $0.10 on the transaction. The supply of UST will shrink, and demand for the token will rise as users leverage the arbitrage opportunity to make a quick buck. This buying pressure will force the price of UST back to its peg of $1.

The next day, May 9, UST lost its peg again, this time plummeting to $0.35. With the depegging of UST and the rising concern over the viability of the algorithmic stablecoin model, an organization known as the Luna Foundation Guard (LFG) managed to 

, to hedge against further slippage of UST against its dollar peg. Do Kwon and the Terra team had set up LFG in January to shore up UST's stability and support the growth of the Terra ecosystem.

However, these efforts were too little too late, and the devastating liquidations continued. Within days, UST's price dropped from $1 to $0.044. LUNA wasn't spared. As investors dumped UST, the mint-and-burn mechanism — which was supposed to stabilize UST’s peg — ensured the circulating supply of LUNA grew exponentially, causing its price to plummet from $80 to less than $0.10. 

The arbitrage mechanism failed, and swapping 1 UST for $1 LUNA became impossible as slippage — the quoted price vs. the actual exchange price — increased exponentially.

Within days of the Terra ecosystem's collapse, its contagion effect pulled down several top crypto companies linked to Terra in an intertwined web of loans. Leading crypto hedge fund Three Arrows Capital (3AC), Voyager Digital and Celsius Network were unwitting dominoes that filed for 

 and collapsed in the aftershock. Several DeFi protocols and stablecoins, such as USDX collateralized partially by UST, also went down. The shockwave traversed the cryptoverse, spooking investors and depressing an already bearish market. 

In the aftermath of the Terra fiasco, it was revealed that Do Kwon had dissolved Terraform Labs Korea shortly before the drastic turn of events. It was also alleged that he was involved in Basis Cash, another algorithmic stablecoin that failed shortly after launch.

In an attempt to salvage the situation, the embattled Do Kwon proposed the 

 His proposal to Terra's developer community involves creating a new blockchain through a 

 (a major split in a blockchain, typically to resolve differences arising within a community). The new chain's native token would be distributed among community members in proportion to their UST and LUNA holdings.

Most validators (network custodians who keep it running by validating transactions) voted in favor of the revival proposal.

Accordingly, the fork was implemented, and a new Terra blockchain (

) went live on May 28, 2022. Its native token inherited the LUNA name. The original blockchain, now referred to as Terra Classic, remained active, but with little visible development activity. Its token was renamed 

Finding it tough to tell them apart because they both have Terra in their names and are operating in parallel to each other? Don’t fret, our LUNA vs. LUNC comparison will easily clear up any confusion. While the two tokens share the same provenance, they’re different in a few fundamental ways.

Essentially, Terra Classic (LUNC) is the new name for Terra's original Luna token, linked to the doomed stablecoin, TerraUSD (UST), which was launched in 2018. LUNC (still LUNA at that time) dropped dramatically when UST lost its peg to the dollar, as the algorithm meant to stabilize UST minted trillions of tokens, causing it to lose almost 100% of its value in the process.

Luna (LUNA) is the name for the native token of the new offshoot blockchain, launched on May 28, 2022. Holders of the old UST and LUNC received the brand-new LUNA tokens through an airdrop in the first token distribution rounds.

LUNA cut its ties to the UST stablecoin after the fork, while LUNC retained it under a new identity, TerraClassicUSD (USTC). This might be viewed as a strategic decision to lay low amid scrutiny from the House of Representatives as they’re drafting a 

 that will ban algorithmic stablecoins for the next two years.

Recently, Terra Classic has been in the news thanks to a tax burn policy being passed. Edward Kim, a community member, 

 on September 1. Proposal #3568, as it's officially known, will charge a 1.2% fee for all on-chain USTC and LUNC transactions across different wallets and smart contracts. Aiming to make LUNC a deflationary token, the proposal entails burning the tax (or removing permanently from the circulating supply) by sending it to a dead address. The tax burn will continue till the total supply of LUNC is slashed to 10 billion, where it will remain unaltered.

The hype surrounding the proposal before it went live on September 20 sent

 to $0.000594 by September 8, 2022. This excitement was further driven by Binance’s decision to be onboard with the proposal and 

 on its LUNC spot and margin trading pairs.

 as of September 29, 2022 was $2.49 in the past 24 hours. LUNA has a daily traded volume of $168,176,481 and a current market cap of $411,316,857, with a total circulating supply of 165,041,684 LUNA tokens.

 as of September 29, 2022 was $0.00028034 in the previous 24 hours, with a 24-hour trading volume of $676,746,092. The token had a market capitalization of $1,956,290,506 and a circulating supply of 6,900,774,631,923 LUNC tokens.

Understandably, the FUD (fear, uncertainty and doubt) surrounding LUNA and LUNC is palpable. Given the rumors of underhand dealings by Do Kwon and the Terraform Labs team, it may take a while for the investing public to regain confidence in the tokens, especially LUNC. 

However, LUNA has comparatively more prospects of a bullish future since it severed ties with the old terra blockchain and its problematic stablecoin. Development on the original terra blockchain has petered out, due to little or no incentives for developers to build new projects on the chain.

Therefore, LUNA is a better option to buy if its rocky antecedents don’t scare you. Still, it may take some time before LUNA sees any sustainable growth. The new blockchain has to incentivize the multiple protocol development teams who worked on the old terra ecosystem to build on the new Terra 2.0 chain. They need to gain confidence to continue building applications on the new chain. This is vital to LUNA's growth, since the long-term prospects of any utility token depend on its use cases and the real-world solutions it can provide to users.

With the recent LUNC pump, it may seem like an attractive investment. But any token that

appreciates by 400% in such a short period should be approached with caution. 

As previously explained, part of the reason for the LUNC pump was the news of the 

, which promised to make the token deflationary in order to shrink the overabundant supply and drive demand and price. The news triggered a wave of speculation that saw the token apparently rebound. 

However, even after taking into account LUNC’s recent rally, it falls desperately short of the original LUNA at its peak. While the LUNC token rose to 

on September 8, LUNA's price was over $100 in March earlier this year. 

It followed that investors who suffered massive losses in the Terra ecosystems crash might

be excited by the hope of recovering their investment, seeing the strong efforts by the dedicated Terra community to revive the project. This is another reason for LUNC's recent gains.

In the end, the most critical question is if the two Terra tokens will be able to regain public trust after such a devastating implosion. Aside from the tax burn, a tactic which hasn’t always proven effective, there's little going on in terms of developments to make the Terra Classic project stand out from the crowded smart contract blockchain space. 

Again, the Terra Classic chain still retains the algorithmic stablecoin mechanism that brought it down in the first place.

Nevertheless, the LUNA and LUNC tokens have made remarkable recoveries in light of past events. After all, both tokens and their networks are still hung over from the debacle, with 

 and Terraform team facing multiple probes and lawsuits.

So, is this an excellent time to buy LUNA or LUNC? Indeed, things seem to be looking up for the two Terra tokens. Nevertheless, you’ll need to research extensively and exercise due caution before investing in LUNA and LUNC. Before we proceed further, here is the general sentiment when it comes to price predictions for LUNA and LUNC.

, LUNA could make an excellent long-term investment, possibly reaching $34.640 within one year, and up to $160.227 by 2027.

DigitalCoinPrice's predictions are more cautious. They foresee LUNA passing $2.43 by year-end, eventually getting up to $2.95. They also believe that LUNA's price can reach a maximum of $12.45 by 2027.

 hitting $2.26 by year-end. Subsequently, they predict the maximum prices for 2023 and 2025 at $4.07 and $8.62, respectively.

Terra Classic (LUNC) is expected to climb to $0.000842 in one year and $0.00235 by 2007, according to 

 to reach $0.000274 by year-end. By 2025, they predict the token's price will rise to $0.000942.

 $0.0002032 to close the year. By 2023, they expect the LUNC price to jump to $0.00195 and up to $0.00246 by the end of 2025.

Are you interested in investing in LUNA and LUNC? Bybit offers a straightforward process to purchase the tokens. Here’s a step-by-step guide.

Investors have shown considerable interest in LUNC and LUNA, as evidenced by their recent price gains. This interest could be attributed partly to the speculation fueled by the LUNA tax burn proposal — and to badly-burned investors trying to recover some of their funds based on hopes for a successful revival of the Terra ecosystem.

However, the new Terra 2.0 chain shows more promise in terms of utility and growth potential. The community of developers behind the project created it as a more promising alternative for protocol developers, who don’t want to build on the moribund Terra Classic chain. This makes LUNA a safer bet over the long term, as developers are likely to add more protocols to the new Terra ecosystem, thereby driving growth.

If you're wondering where you can buy and sell LUNA and LUNC, you're already in the right place. Register with us and get started with your crypto investing journey today.

LUNA vs. LUNC: Are These Terra Projects Still Good Investments?

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