Terra Classic (LUNC) Archives - Cryptolifedigital

Terra Classic Community Revives Network with IBC Restoration

24Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Community Revives Network with IBC Restoration

The Terra Classic ecosystem received a significant boost with the community overwhelmingly approving a proposal to restore the Inter-Blockchain Communication (IBC) link with Kujira. This move is expected to unlock frozen funds and enhance liquidity for the network. IBC Upgrade Secures Unanimous Support Proposal 12099, spearheaded by the RakoffToken team, aimed to re-enable the IBC client 07-tender mint-178 between Terra Classic and Kujira. IBC technology facilitates secure communication between different blockchains, allowing for seamless asset transfers and greater interoperability. Read Also: Massive Shiba Inu Transfer Sparks Speculation https://twitter.com/RakoffLuncVal/status/1781301510724333771?s=19 The proposal received near-unanimous support, garnering a staggering 99.99%...

Terra Classic (LUNC): Community Hopeful for Rebound in 2024

23Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC): Community Hopeful for Rebound in 2024

Terra Classic (LUNC), the cryptocurrency born from the ashes of the infamous Terra Luna collapse in 2022, is showing signs of life. Though many lost faith after the dramatic crash, a passionate community is rallying behind LUNC, hoping to restore its former glory. AI Predicts Price Increase ChatGPT, a powerful AI language model, has offered some optimism. Their analysis suggests LUNC could climb a significant 35.38% by May 1st, 2024, potentially reaching $0.00015. This prediction considers historical data, similar cryptocurrencies, and current market trends. However, it's crucial to remember such forecasts are not guarantees. Read Also: Solana Surges Past $150, Analyst Eyes $200 But Meme Coin Woes Linger Community and Development Drive LUNC's Future Several key factors will influenc...

Terra Luna Classic Eyes Dedicated Dev Team, Community Decides Roles

12Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Luna Classic Eyes Dedicated Dev Team, Community Decides Roles

The Terra Luna Classic (LUNC) community is voting on a proposal to establish a core team responsible for the blockchain's development. This follows the disbandment of the Joint L1 Task Force (JL1TF) earlier this year. Proposal: Establish a Terra Classic Team The proposal, titled "Establish a Terra Classic Team" (Proposal 12093), seeks community approval for a permanent team funded from the community pool. Similar to Terraform Labs for Terra (LUNA), this team would focus solely on the Terra Classic blockchain. Read Also: Solana Outage Raises Concerns About Network Scalability Details regarding specific roles, salaries, and team size are to be determined in a follow-up proposal contingent on the current one's success. The Terra Luna Classic community and validators will discuss and f...

Terra Luna Classic: Security Upgrades and Burning Offset by Price Slump

11Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Luna Classic: Security Upgrades and Burning Offset by Price Slump

Terra Luna Classic (LUNC) is undergoing a series of security upgrades overseen by its developer, Genuine Labs. While the community applauds these efforts, LUNC's price continues to disappoint. Security First: Genuine Labs Takes Action Genuine Labs' bi-weekly report highlights its focus on enhancing Terra Classic's security. The plan includes: Core Repository Upgrade: Ensuring compatibility with updated dependencies, is a crucial step for a healthy blockchain. Rigorous Testing: Extensive E2E and interchain tests guarantee seamless operation on the upgraded chain. Real-World Simulation: Launching a testnet mirroring the mainnet's data ensures a smooth transition. Bug Eradication: A critical bug identified by Genuine Labs, potentially halting the blockchain, has been eradi...

Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens

9Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens

Singapore-based cryptocurrency exchange WEEX has unveiled a new initiative designed to support the Terra Classic community and its ongoing LUNC burn program. This move highlights WEEX's commitment to the long-term potential of the Terra Classic ecosystem. Dedicated LUNC Landing Page Launched WEEX announced the launch of a dedicated landing page for LUNC on its website. This page serves as a central hub for all information related to the LUNC burn initiative. It features a list of the program's first ambassadors and a countdown timer for the monthly scheduled LUNC burns, fostering transparency and community engagement. Read Also: Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)? https://twitter.com/WEEX_Official/status/1776920302288875576 Collaboration with...

Can the Bullish Trend of Terra (LUNC) Developments be Sustained in the Long Run?

9Apr

By Kayode Oke MichaelNo Comments

Terra Classic (LUNC)

Can the Bullish Trend of Terra (LUNC) Developments be Sustained in the Long Run?

Over the past month, the price of Terra Luna Classic's native cryptocurrency, LUNC, has witnessed a significant decline of 28%, largely due to a descending parallel channel that has formed amidst gloomy market sentiments. As a result, LUNC has slipped down to the 134th position on the global crypto charts by market capitalization. The Dark Shade of Terra Cast on LUNC Adding to the woes, LUNC's price has dropped by 10% in the last seven days, while Bitcoin, the leading digital asset, recorded a 3% gain. However, crypto analysts see a ray of hope in Terra Classic's long-term bullish pennant, which indicates a potential price reversal for LUNC after it lost all of its 300% gains from December. https://twitter.com/TerraNewsEN/status/1777311979406819755 LUNC Amazed by Terra vs. SEC Case? ...

Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)?

8Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)?

Terra Classic (LUNC) took a tentative step towards recovery on April 1st as Binance, a major cryptocurrency exchange, delivered on its promise to burn a portion of its LUNC trading fees. According to Terra Finder, Binance incinerated 4,175,855,418 LUNC, valued at over $585,000 at current prices. Read Also: Shiba Inu Poised for Breakout, Analysts Eye New Yearly Highs This burn represents half of the fees Binance collected on LUNC trades throughout March. The exchange's commitment involves burning 50% of its LUNC trading fees every month, aiming to bolster the ongoing burn mechanism – a core element of the Terra Classic revival plan. Fire and Ice: Understanding the LUNC Burn The Terra Classic burn mechanism emerged from the ashes of the Terra ecosystem's collapse in May 2022. Its obj...

Terra Classic (LUNC) Price Prediction: Potential Surge After Bitcoin Halving?

6Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Price Prediction: Potential Surge After Bitcoin Halving?

The cryptocurrency market is buzzing with speculation about Terra Classic (LUNC), the token remaining after the collapse of Terra (LUNA). Upcoming events like the Bitcoin halving and developments within the LUNC ecosystem are fueling discussions about its future price trajectory. Bitcoin Halving's Potential Impact The Bitcoin halving, a pre-programmed event roughly every four years, cuts Bitcoin miner rewards in half, restricting the supply of new Bitcoin entering circulation. Historically, these halvings have positively affected Bitcoin's price, potentially causing a ripple effect across the altcoin market, including LUNC. Read Also: Uphold Unveils New Crypto Basket Focused on Focusing on XRP and other Financial-related tokens Gemini's AI Model Prediction Google's advanced AI model...

Terra Classic: 4 Billion LUNC Burned By Binance, An Action Aiming To Fuel LUNC $1 Revival Plan

5Apr

By Daniel AbangNo Comments

Terra Classic (LUNC)

Terra Classic: 4 Billion LUNC Burned By Binance, An Action Aiming To Fuel LUNC $1 Revival Plan

The burn action, which happened on April 1, addresses the exchange obligation to reinforce the Terra Classic recovery crusade. Information from Terra Finder affirms that the exchange burned precisely 4,175,855,418 (4.17 billion) LUNC worth $585K+ at current prices. This figure represents half of the fees accumulated by Binance on Terra Classic trades for March, as guaranteed by the Binance. Recall that Binance vowed to burn 50% of its LUNC trading fees every month an act which is aimed at supporting the ongoing burn campaign crusade and the revitalization plan. Read Also: Shiba Inu Magazine Release Aims to Boost Investor Optimism Despite Price Dip The Consistency OF Binance In Terra Classic Burn Even as the Number Exchange is going through a legal tussle with the US government a...

Binance Burns Over 4 Billion LUNC Tokens, Boosting Terra Luna Classic

2Apr

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Binance Burns Over 4 Billion LUNC Tokens, Boosting Terra Luna Classic

In a move hailed by the Terra Luna Classic community, Binance, the world's leading cryptocurrency exchange, executed a significant burn of LUNC tokens on April 1st, 2024. According to LUNC News, the amount burned reached 4.1 billion, pushing the total number of LUNC tokens removed from circulation to over 43 billion. Read Also: XRP Poised for Surge Above $13 on Complex Elliott Wave Pattern, Analyst Claims https://twitter.com/Chot4a/status/1774801984450617554 This burning mechanism aims to reduce the overall supply of LUNC, potentially leading to increased scarcity and a subsequent rise in price. The Terra Luna Classic community has heavily advocated for such measures following the dramatic crash of the original Luna token earlier in 2023. Read Also: Shiba Inu Burn Rate Soars Bu...