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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 ...
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Terra Classic (LUNC) Emerges as Top Gainer, Highlighting Innovative DeFi Approach
7Mar By CryptolifedigitalNo Comments
Cryptocurrency

Terra Classic (LUNC) Emerges as Top Gainer, Highlighting Innovative DeFi Approach

Terra Classic (LUNC) has surged as the leading gainer in today's dynamic crypto market, showcasing a remarkable 64.90% increase in the last 24 hours. This significant rise comes amidst a broader market that witnessed Bitcoin maintaining its dominance and overall trading activity reaching $892.69 billion. Read Also: Shibarium Records Yet Another Remarkable Milestone Terra Classic, LUNC's Unique Features Attract Attention Proof-of-Stake Mechanism: LUNC empowers users to actively participate in network governance through its Proof-of-Stake (PoS) mechanism. Validators, chosen based on their LUNC holdings, secure the network, while delegators contribute to its stability by entrusting their tokens to validators. Innovative Stablecoin Minting: Minting stablecoins on Terra Classic ...
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Terra Luna Classic (LUNC) Faces Setback as Ethereum Virtual Machine (EVM) Integration Proposal Gets Rejected, Leaving Community in Anticipation
18Jan By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Luna Classic (LUNC) Faces Setback as Ethereum Virtual Machine (EVM) Integration Proposal Gets Rejected, Leaving Community in Anticipation

In a surprising turn of events for the Terra Luna Classic (LUNC) community, the much-anticipated Ethereum Virtual Machine (EVM) integration proposal, titled Proposal #11978, has been met with rejection, sending shockwaves through the ecosystem. The proposal, titled “(Signal Prop) Investigate EVM functionality,” had been generating optimism within the community, with many expecting its passage to mark a significant milestone for Terra Classic. Integration of EVM Read Also: Ripple vs. SEC: Battle Lines Drawn as Crypto Community Reacts to Latest Hearing The Terra Classic community had been gearing up for the integration of the Ethereum Virtual Machine, which has been a cornerstone of blockchain development since 2013, boasting over 910 separate chains under its umbrella. The community en...
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Crypto Oracles Gaze into LUNC’s Future: ChatGPT & Bard Predict Possible Price Trajectories
15Jan By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Crypto Oracles Gaze into LUNC’s Future: ChatGPT & Bard Predict Possible Price Trajectories

In the ever-churning waters of the cryptosphere, where fortunes fluctuate and futures hold secrets, Terra Classic (LUNC) remains a coin captivating attention. With both ChatGPT and Bard, two prominent AI models, offering glimpses into its potential price journey, LUNC holders and curious onlookers alike are buzzing with anticipation. Currently, LUNC trades at roughly $0.00012, holding the 97th spot in the crypto rankings. But will its trajectory ascend, stagnate, or plummet? Read Also: Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst ChatGPT's Vision ChatGPT paints three distinct scenarios, each with its price predictions: Conservative Trajectory: A slow and steady climb driven by LUNC's gradual adoption as a payment method and DeFi platform. Price ra...
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Terraform Labs CEO Chris Amani Foresees Strong Revival for Terra Ecosystem, Boosting Terra (LUNA), Terra Classic (LUNC), and USTC 
6Jan By OLAJIDE SAMUELNo Comments
Blockchain

Terraform Labs CEO Chris Amani Foresees Strong Revival for Terra Ecosystem, Boosting Terra (LUNA), Terra Classic (LUNC), and USTC 

In a groundbreaking announcement on Friday, Terraform Labs CEO Chris Amani projected a robust revival for the Terra ecosystem, foreseeing it as the primary hub for deep stablecoin liquidity within Cosmos. Amani expressed confidence that Terra would emerge as the sole ecosystem boasting sufficient liquidity for Cosmos and non-Cosmos blue-chip assets in the decentralized finance (DeFi) space. Read Also: Solana (SOL) Faces Crucial Juncture: Bullish Momentum Above $85, but Risks Loom Below $80 CEO Amani's Bold Prediction Sets the Tone for Terra Ecosystem's Growth Under Amani's leadership, Terraform Labs is set to offer free infrastructure support to Cosmos-based chains, including Terra Classic, as part of the Foundation business model. This strategic move aims to significantly reduce oper...
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Terra Classic (LUNC) Community Rejects USTC Burn Proposal Amid Legal and Technical Concerns
20Dec By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic (LUNC) Community Rejects USTC Burn Proposal Amid Legal and Technical Concerns

The Terra Classic (LUNC) community faces a pivotal moment as it rejects a proposal to burn 800 million USTC due to concerns over technical complexities and potential legal implications. The decision reflects the community's commitment to finding alternative solutions for reducing the circulating supply while navigating challenges. Read Also: INDODAX Celebrates Milestone with Addition of BoneShibaSwap (BONE) to Crypto Marketplace Rejected Proposal and Community Sentiment In a crucial vote, the Terra Classic community turned down Proposal 11913, titled "RH MultiSig Wallet – Burn 800m via Update to Terrad Client." The proposal aimed to burn dormant USTC held within the Risk Harbor multisig wallet. However, it received only 14.24% "Yes" votes, with a significant 50.02% "Abstain" vote, and...
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Terra (LUNA) Surges into Top 100 Cryptos and Pullix (PLX) Presale Gains Momentum: A Comprehensive Overview”
19Dec By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra (LUNA) Surges into Top 100 Cryptos and Pullix (PLX) Presale Gains Momentum: A Comprehensive Overview”

In a month marked by fresh gains, Terra (LUNA) is making waves as it climbs into the top 100 cryptocurrencies, showcasing a 36% increase in value. While the past year saw a 39% dip, the recent surge is attributed to the community's commitment to rebuilding the ecosystem, backed by passed measures and proposals aimed at enhancing blockchain stability and growth. Simultaneously, the crypto community is closely monitoring the exceptional performance of Pullix (PLX) in its presale phase, having swiftly surpassed stage 1 with remarkable results. The TradFi platform is poised to experience a staggering 580% gain post-launch, making it a standout choice in the altcoin market. Read Also: Montenegro Appeals Court Decision Sparks Surge in Terra-backed Tokens as Do Kwon's Extradition Revoked T...
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Terra Classic (LUNC) Faces 20% Price Crash Following Network Upgrade as Founder’s Extradition Looms
12Dec By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Terra Classic (LUNC) Faces 20% Price Crash Following Network Upgrade as Founder’s Extradition Looms

Terra Classic (LUNC), the native token of the Terra blockchain, is grappling with a 20% price crash after the recently completed v2.3.2 network upgrade. This setback comes just days after the cryptocurrency experienced a parabolic rise, rallying around 200% over the past month. Despite the optimistic surge, the recent price decline has overshadowed the token and related assets, including Terra Classic USD (UST) and Terra (LUNA). Read Also: Crypto Analyst Predicts XRP Surge in 2024 Amid Regulatory Developments Since November 11, LUNC's price soared from $0.00008355 to $0.000249, marking a significant recovery for investors who weathered the catastrophic collapse of the Terra ecosystem in May 2022. Although LUNC is far from its all-time high of $119, set on April 5, 2022, investors are...
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Crypto Market Faces Correction as Terra Classic and Some Others Altcoins Experience Double-Digit Losses
11Dec By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Crypto Market Faces Correction as Terra Classic and Some Others Altcoins Experience Double-Digit Losses

In a recent turn of events, the cryptocurrency market is witnessing a significant correction, with several altcoins experiencing double-digit losses. Terra Classic, in particular, has retraced by 36% from its recent high of $0.000278, now trading at $0.00018 as of Monday. Bitcoin and Ethereum, the two leading cryptocurrencies, are not immune to the market headwinds, facing losses of 3.2% and 3.8%, with prices at $42,356 and $2,246, respectively. Solana (SOL) has lost support at $70, while Cardano (ADA) is exchanging hands at $0.55, down 6.5% in the past 24 hours. Cumulatively, the market cap has contracted by 3%, settling at $1.65 trillion. Terra Classic Price Retreats Amidst Broader Market Correction Terra Classic, which recently surged to highs of $0.000278, has experienced a notable r...
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U.S. Federal Reserve Explores $USTC as Global Payment Solution, Sending Shockwaves Through Terra Classic Community
2Dec By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

U.S. Federal Reserve Explores $USTC as Global Payment Solution, Sending Shockwaves Through Terra Classic Community

In a groundbreaking development, the U.S. Federal Reserve Bank has set its sights on acquiring $USTC (Terra Classic) as a potential global payment solution, sparking a wave of anticipation and speculation across the cryptocurrency landscape. This move signals a significant milestone for Terra Classic, a blockchain-based platform known for its stability and innovative approach to digital assets. Read Also: Terra Classic (LUNC) Surges 117% in a Month: Binance Burn Initiatives Propel Growth https://twitter.com/BLACKPINKLRJJJ/status/1731029562283172316 The U.S. Federal Reserve's interest in $USTC comes at a time when central banks worldwide are exploring the integration of blockchain technology and stablecoins into their financial systems. The allure of Terra Classic lies in its uniqu...
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