terra bull Archives - Cryptolifedigital

Stablecoin Market Surges to $160 Billion, Marking Post-Terra Collapse High

24Apr

By OLAJIDE SAMUELNo Comments

Blockchain

Stablecoin Market Surges to $160 Billion, Marking Post-Terra Collapse High

The market capitalization of stablecoins, cryptocurrencies pegged to fiat currencies like the US dollar, has reached $160 billion this week. This milestone signifies a significant recovery for the stablecoin market, reaching a level last seen in May 2022, just before the dramatic collapse of Terra's UST stablecoin. Read Also: Terra Classic Community Revives Network with IBC Restoration Stablecoin Market Booms: Supply Growth Drives Expansion Since December 2023, the stablecoin market has witnessed a substantial increase of $28.63 billion. This surge can be attributed to the rising supply of several dollar-pegged coins, with major players like Tether (USDT) and USD Coin (USDC) experiencing significant growth. Tether, the industry leader, boasts a market cap of $109.9 billion, while USDC...

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...

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) and USTC Surge on News of Do Kwon’s Release

25Mar

By OLAJIDE SAMUELNo Comments

Blockchain

Terra Classic (LUNC) and USTC Surge on News of Do Kwon’s Release

The Terra Classic (LUNC) and USTC ecosystems witnessed a significant price increase following the news of Do Kwon's release from Montenegrin custody. While Do Kwon and Terraform Labs severed ties with Terra Classic, the news sparked a surge in buying activity, leading to notable token gains. Read Also: Unleash Your Creativity & Boost Income with the Resellable Mega Digital Product Bundle! Market Reaction to Do Kwon's Release LUNC Up 20%: CoinMarketCap data shows LUNC experienced a substantial 20% price increase. While profit-taking has moderated the initial spike, LUNC currently trades at $0.000155. Trading Volume Soars: LUNC's trading volume also saw a dramatic 200% increase, settling at a still-impressive 53% gain over the last 24 hours. USTC Climbs: USTC mirrored the ...

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 ...

Do Kwon to Face Charges in South Korea After Extradition Battle

21Mar

By OLAJIDE SAMUELNo Comments

Blockchain

Do Kwon to Face Charges in South Korea After Extradition Battle

Do Kwon, the founder of TerraForm Labs, is set to be extradited to South Korea to face charges related to the 2022 collapse of the Terra ecosystem. This comes after a Montenegrin appeals court rejected Kwon's attempt to overturn a lower court decision favouring South Korea's extradition request. Read Also: Terra Luna Classic (LUNC) Burns Over 31 Million Tokens in a Single Day Dueling Extradition Requests The United States and South Korea sought Kwon's extradition following his March arrest in Montenegro. Initially, a Montenegrin court sided with the U.S. However, Kwon's lawyers successfully appealed, leading the court to name South Korea as the receiving country. South Korea argued their case was stronger due to the alleged crimes primarily occurring within their jurisdiction. Final ...

Another Big Breakout Imminent For Terra Classic In Few Hours: Details

4Mar

By Daniel AbangNo Comments

Terra Classic (LUNC)

Another Big Breakout Imminent For Terra Classic In Few Hours: Details

A prominent crypto expert on the 3rd of March made a tweet stating that he "wouldn't be surprised to see another big move from LUNC in the next few hours." He referred to two technical indicators to help his prediction: the Relative Strength Index (RSI) and a flag pattern formation. Relative Strenght Index The RSI is a specialized pointer that determines the relative strength of an asset by contrasting the average gain of closing prices over a specific period to the typical loss of closing prices over a similar period. An RSI reading of 70 or above is mostly viewed as overbought, while a reading of 30 or below is viewed as oversold. The Analyst went further to mention that the RSI for Terra Classic (LUNC) is down to about a similar level as before the last big move from 13 to 20, prop...