Terra Classic (LUNC) Archives - Page 2 of 24

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...

Terra Classic (LUNC) Soars on Upgrade, Burning, and Bullish Sentiment

27Mar

By Adaralegbe Tosin MNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Soars on Upgrade, Burning, and Bullish Sentiment

Terra Classic (LUNC) has been on a tear in recent weeks, fueled by a confluence of positive developments within its ecosystem and the broader cryptocurrency market. A key driver of LUNC's surge is the successful rollout of the Terra Classic v2.4.2 upgrade. This upgrade introduced critical new components, most notably IBC-Hooks. These hooks pave the way for decentralized applications (dApps) to seamlessly integrate with the Terra Classic chain. The arrival of prominent dApps, like Enterprise DAO, could significantly boost network activity and user adoption. Read Also: Shiba Inu Echoing 2021? Analyst Predicts Potential Price Surge Development Spree Continues Building on this momentum, the Terra Classic developer team is actively working on the network's Security Package upgrade. Sche...

Terra Luna Classic (LUNC) Price on the Rise: Can it Hit $2 Before Bitcoin Halving?

27Mar

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Luna Classic (LUNC) Price on the Rise: Can it Hit $2 Before Bitcoin Halving?

Terra Luna Classic (LUNC) has been experiencing a surge in price recently, driven by several positive developments within its ecosystem. The rollout of the v2.4.2 upgrade and the introduction of new binary components have paved the way for easier integration of decentralized applications (dApps) and benefited the Enterprise DAO. Read Also: Terra Classic (LUNC) and USTC Surge on News of Do Kwon's Release Recent Price Performance and Historical Context LUNC is currently priced at $0.000161, with a market capitalization of $939.80 million. While it has dipped slightly in the last day, it has seen a significant increase of 34% over the past year. This bullish trend starkly contrasts its all-time high of $119.01 in April 2022, followed by a plunge to its all-time low of $0.00001651 in May ...

SEC Vs TerraForm: ‘House OF Card’ Fraud Allegation Kick start, Judge Reluctant, Here Is Why

27Mar

By Daniel AbangNo Comments

Cryptocurrency, Terra Classic (LUNC)

SEC Vs TerraForm: ‘House OF Card’ Fraud Allegation Kick start, Judge Reluctant, Here Is Why

The main day of the eagerly awaited court session between the U.S. Security and Exchange Commission (SEC) and Do Kwon and TerraForm Labs has started. On the 25 of this month, the US District Court for the Southern District of New York circumspectly inspected the cases alleging that Kwon organized a deceitful third-party purchase during the 2021 TerraUSD (UST) depeg. https://twitter.com/zGuz/status/1772316946253361579 Read Also: Terra Classic Bearish Sentiment Dominant Amidst 13% Surge In LUNA May 29, 2021, stood out in history as one of the most troublesome days for the crypto space when UST dropped to below 3 cents from its original $1 peg. The SEC pointed an accusation to Kwon and fellow TerraForm Labs leaders of artificially expanding TerraForm Ecosystem trading volume and sett...

Terra Classic Bearish Sentiment Dominant Amidst 13% Surge In LUNA

26Mar

By Daniel AbangNo Comments

Cryptocurrency, Terra Classic (LUNC)

Terra Classic Bearish Sentiment Dominant Amidst 13% Surge In LUNA

Terra LUNA] as of late gotten back in the saddle as its prominence enrolled a sharp rise in recent hours. Because of that, the token began trending on the popular social media platform X. The explanation for this unexpected buzz may be a direct result of its bullish price action. Rise In LUNC Price The data from CoinMarketCap uncovered that Terra's worth increased by more than 13% in 24 hours. At the hour of composing, the token was trading at $1.28 with a market capitalization of more than $889 million, making it the 110th biggest crypto. Read Also: Terra Classic (LUNC) and USTC Surge on News of Do Kwon’s Release In light of the ascent in value, LUNA likewise turned into a subject of conversation in the crypto space, causing a trend in X. This decidedly affected its social m...

Terra Classic (LUNC) Shows Resilience with Surge in Holders, Price Uptick

22Mar

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Shows Resilience with Surge in Holders, Price Uptick

The Terra Classic (LUNC) ecosystem is experiencing a resurgence of interest, with the number of wallets holding LUNC and USTC surpassing a significant milestone of 5.5 million, as reported by Cosmos blockchain explorer, ATOMScan. This number even outpaces established cryptocurrencies like Cardano and Shiba Inu. This surge in holders highlights the unwavering commitment of the Terra Classic community despite the project's collapse in May 2022. The community appears dedicated to its revival. Read Also: XRP Ledger Gears Up for AMM Launch, Anticipation Builds in Crypto Community Exchange Support Fuels Growth: Support from major cryptocurrency exchanges, particularly Binance, is a key driver behind the rising number of LUNC and USTC holders. Binance's ongoing LUNC burn campaign, where ...