There are many factors that determines the price action of any coins and tokens. But institutions, whales, speculation plays big role and any news or rumors can pump the token to the moon. However, $LUNA with it's special tokenomics makes it deflationary issuance. What does this mean? Well, basically the supply will be scarce. Total supply of $LUNA has been decreasing every day while $UST marketcap has been accelerating. This is because the burned $LUNA is much higher compared to new minted $LUNA. Let's take a look at last 90 days burned vs issuance.

As can be seen from graphs above shows that we're constantly burning more $LUNA that it is being minted. So let's predict the price of $LUNA based on $LUNA supply and daily net supply change.

By using supply of $LUNA and $UST only, we're hoping to see $100 $LUNA when total supply of $LUNA is at 223M. Current circulating supply is around 400M so we need to wait for some time before $LUNA can hit $100 mark.