Terra Calssic Re-Peg Archives - Page 2 of 8

Terra Classic Community Pushes for Revival with Network Upgrade and Token Burn

7Mar

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Terra Classic Community Pushes for Revival with Network Upgrade and Token Burn

The Terra Classic community is actively working to revitalize the network and its native tokens, LUNC and USTC. A recent upgrade proposal submitted by developer Till Ziegler outlines significant changes aimed at improving functionality, and security, and potentially boosting token values. Read Also: Terra Classic (LUNC) Emerges as Top Gainer, Highlighting Innovative DeFi Approach Upgrade Proposal Unveils Key Improvements IBC Integration and dApp Expansion: The upgrade introduces IBC-Hooks and Package Forward Middleware, enabling the onboarding of decentralized applications (dApps) that leverage IBC-Hooks, fostering a more diverse ecosystem. Enhanced Testing: An End-to-End (E2E) and Interchain Testing Suite is included, facilitating improved testing efficiency and smoother netwo...

Terra Coins Poised for Bullish Run as Crypto Market Recovers

29Feb

By CryptolifedigitalNo Comments

Cryptocurrency

Terra Coins Poised for Bullish Run as Crypto Market Recovers

Terra Classic (LUNC) and Terra Luna (LUNA), both associated with the Terra blockchain, are experiencing a resurgence amid a recovering cryptocurrency market. This news follows a period of consolidation and a previous sharp decline for both tokens. Read Also: Terra Classic: Can a Fallen Giant Reclaim its Glory? Terra Classic (LUNC) LUNC price shows a bullish revival after a significant drop, forming a cup and handle pattern on the daily chart. This pattern suggests a potential breakout toward $0.00021, representing a 60% increase. The recent market recovery, including Bitcoin surpassing $57,000, further bolsters the bullish sentiment. Terra Luna (LUNA) LUNA price mirrors LUNC's pattern, potentially ending its pullback phase. Following a 55% decline, LUNA has seen...

Terra Classic: Can a Fallen Giant Reclaim its Glory?

30Jan

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Terra Classic: Can a Fallen Giant Reclaim its Glory?

Despite tumbling down the crypto rankings, Terra Classic (LUNC) still holds allure for investors aiming for big returns with small stakes. Trading at $0.000101 with a 1.48% rise in the last 24 hours (as of writing), LUNC remains a gamble with undeniable potential. However, a major hurdle stands in the way of its ascent: its staggering supply. LUNC boasts a whopping 5.8 trillion tokens, a consequence of the 2022 Terra blockchain implosion. While burn mechanisms exist, the current rate may take aeons to make a significant dent. Read Also: Terra Classic's $0.03 Dream: Can the Phoenix Rise Again? But here's a twist: massive gains may not require shrinking supply alone. Imagine LUNC capturing a modest 5% of the total crypto market cap (currently around $1.73 trillion, with Bitcoin domi...

Terra Luna Classic (LUNC) Surpasses 95 Billion Milestone in Burn Campaign

27Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Luna Classic (LUNC) Surpasses 95 Billion Milestone in Burn Campaign

In a remarkable display of community coordination and commitment, the Terra Luna Classic (LUNC) burn campaign has achieved a monumental milestone, surpassing 95 billion LUNC tokens burned. This collective effort involves crypto exchanges, validators, projects, and dedicated community members who have driven the campaign forward. The campaign's success is underscored by the weekly average burn rate of 600 million LUNC tokens, marking a substantial increase since November. Leading the charge in this endeavour is Binance, which has contributed over 51% to the total LUNC burn through its monthly burn mechanism. In its latest move, Binance incinerated a staggering 5.57 billion LUNC tokens in the 17th batch of its burn mechanism, bringing its total contributions to nearly 50 billion LUNC toke...

Terra Classic: Navigating Uncertainty with Glimmer of Hope

21Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic: Navigating Uncertainty with Glimmer of Hope

Terra Classic (LUNC) continues to navigate a turbulent landscape, leaving investors and the community grappling with its uncertain future. However, amidst the storm clouds, analysts predict a potential trading range between $0.000102 and $0.000223 for 2024, offering a glimmer of hope for a potential 82% gain. Reaching this upper limit, however, hinges on overcoming significant market obstacles and building sustained positive momentum. Read Also: XRP Eyes $411: Will History Repeat with a Fourth Triangle Breakout? So, where does LUNC stand today? The remnants of the May 2022 crash still linger, casting a shadow of doubt over the token's long-term viability. Yet, amidst the bearish sentiment, several factors offer a flicker of optimism: Ethereum Virtual Machine (EVM) Integration: ...

Terra Classic Price Prediction: Challenges and Potential in 2024

16Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Price Prediction: Challenges and Potential in 2024

Terra Classic (LUNC) finds itself at a crossroads in 2024. Despite boasting high liquidity and a potential boost from EVM integration, the token faces significant hurdles before experiencing substantial price growth. Current State Price: $0.000120 (down 2.47% in 24 hours) Market Cap: $696.60 million Market Dominance: 0.04% Circulating Supply: 5.80 trillion LUNC (out of 6.88 trillion max) Yearly Inflation Rate: -3.28% (decreasing supply) Read Also: Shiba Inu Burns 88.73 Million Tokens in 24 Hours, But Price Remains Unfazed Challenges Underperformance: LUNC has dropped 33% in the past year, lagging behind 95% of the top 100 cryptocurrencies. Downtrend: Trading below the 200-day moving average suggests a continued decline. Limited Momentum: Only 13 green d...

LUNC Burn Tax Debate Heats Up: JesusIsLord Validator Casts “No” Vote on Proposal #11975

15Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

LUNC Burn Tax Debate Heats Up: JesusIsLord Validator Casts “No” Vote on Proposal #11975

The fire is burning bright within the LUNC community, fueled by the ongoing debate surrounding proposal #11975: a temporary tiered burn tax on both LUNC and USTC. But amidst the flames, a dissenting voice rings out – JesusIsLord Validator, a prominent figure in the ecosystem, has firmly planted their flag in the "No" camp, offering a clear and concise rebuttal to the proposal's merits. https://twitter.com/ForTheCross_CH/status/1745635796919697789 At the heart of their opposition lies a commitment to a simpler, more equitable solution: a permanent 1.5% on-chain tax applied equally to both LUNC and USTC. This alternative, rooted in a previously submitted parameter change proposal, awaits the crucial implementation of tax-to-gas functionality for its return to the voting arena. Read ...

Terra Classic (LUNC) Eyes Bullish Breakout as Key Indicators Blink Green: Analyst Derek Sounds Alarm

12Jan

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Eyes Bullish Breakout as Key Indicators Blink Green: Analyst Derek Sounds Alarm

Cryptocurrency traders have their eyes trained on Terra Classic (LUNC) once again as technical indicators suggest a potential breakout in the short term. Analyst Derek, in a recent tweet, highlighted the convergence of several signals pointing towards a bullish surge for the embattled token. https://twitter.com/kimmyboy2/status/1745492306810278186 The key technical indicator at play is the Moving Average (MA) 60, which has acted as a significant resistance for LUNC since its May 2023 crash. Derek notes that a potential break above this level could unlock strong upward momentum. This wouldn't be entirely unexpected, as the price has been hovering just below the MA 60 for several weeks, potentially building the energy for a decisive push. Read Also: Retik Finance: Bridging the Gap B...

Predicting the Future of Terra Classic (LUNC): A Cautious Optimism

10Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Predicting the Future of Terra Classic (LUNC): A Cautious Optimism

Terra Classic's recent resurgence is undoubtedly impressive, particularly considering its near-death experience in May 2022. The 21% growth within 24 hours, while retracing slightly now, speaks volumes about the community's resilience and a potential revival brewing. However, predicting the future of LUNC demands a cautious approach, acknowledging both the positive indicators and lingering uncertainties. Read Also: Solana (SOL) Poised for Spectacular Performance in 2024: Bard's Optimistic Outlook Positive Indicators Community Backing: Terra Classic boasts a passionate and vocal community that actively contributes to its development and ecosystem. This strong support creates a positive sentiment and fuels potential growth. On-chain Activity: Despite the crash, on-chain data pain...

Terra Classic Charts New Course: A Community-Driven Reimagination

4Jan

By OLAJIDE SAMUELNo Comments

Blockchain

Terra Classic Charts New Course: A Community-Driven Reimagination

In the wake of the depeg event in 2022 and the subsequent abandonment by TerraForm Labs (TFL), Terra Classic (TC) is undergoing a transformative journey led by its community to redefine its purpose and forge a distinctive path within the Cosmos and the broader cryptocurrency sphere. Originally anchored by the implementation of algorithmic stable assets directly into its core protocol, the depeg event of UST and other stable assets, coupled with TFL's abandonment, has prompted the TC community to seek alternative avenues. Recognizing the complexities embedded in the technical and macroeconomic aspects, the community is now pivoting towards a future marked by adaptability and innovation. Read Also: Shiba Inu Ownership Soars: Over 1.3 Million Addresses Hold $5.6 Billion Worth of Tokens ...