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Tag: Terra Classic Developer

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...
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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 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 ...
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Analyzing the Potential Price Surge of Terra Classic (LUNC): A Comprehensive Overview
9Dec By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Analyzing the Potential Price Surge of Terra Classic (LUNC): A Comprehensive Overview

In a recent article, we delved into the intricacies of Terra Classic (LUNC) and explored the challenges and opportunities it faces in achieving specific price levels. This analysis primarily revolves around the circulating supply, market capitalization, and the historical context of its predecessor, Terra (LUNA). Circulating Supply and Market Capitalization The article highlights the significant circulation of LUNC, which currently stands at over 5.8 trillion tokens. By comparing this to the historical data of Terra (LUNA) before its collapse in May 2022, the analysis suggests that achieving a price level equivalent to the previous all-time high (ATH) may be challenging due to the substantially increased circulating supply. Read Also: Terra Classic (LUNC) Surges Ahead of Anticipated B...
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Terra Classic (LUNC) Surges to New Heights, Sparking Hopes of a Full Recovery
4Dec By Adaralegbe Tosin MNo Comments
Terra Classic (LUNC)

Terra Classic (LUNC) Surges to New Heights, Sparking Hopes of a Full Recovery

In a surprising turn of events, Terra Classic (LUNC) has emerged as a standout performer in the cryptocurrency market, showcasing remarkable gains that have surpassed the broader market's performance over the past two weeks. Notably, the stablecoin of the Terra Classic ecosystem, USTC, has experienced an even more remarkable surge, inching closer to regaining its $1 peg. As of the latest surge, LUNC has once again surpassed the $0.0002 mark, reaching $0.0002311, reflecting a notable 28% surge over the past 24 hours. This surge, coupled with a trading volume of $685.6 million, representing a significant 131.83% increase over 24 hours, signals a growing interest in the cryptocurrency. With LUNC breaching the $0.0002 resistance level, market participants are now speculating on the potentia...
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Terra Classic (LUNC) Surges 117% in a Month: Binance Burn Initiatives Propel Growth
2Dec By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic (LUNC) Surges 117% in a Month: Binance Burn Initiatives Propel Growth

The cryptocurrency market is witnessing a significant surge, and Terra Classic (LUNC) is emerging as a standout performer with a remarkable 117% increase in just one month. This achievement is particularly noteworthy as Terra Classic faced challenges in the past, hitting its lowest value in early August. However, the current performance of LUNC exceeds expectations, signalling robust growth and leaving market observers pleasantly surprised. Binance's Strategic Burn Initiatives Drive Momentum The key catalyst behind the ascending LUNC price lies in a strategic move by the cryptocurrency exchange Binance. On December 1, Binance executed a transaction, burning a substantial 3.90 billion Terra Luna Classic (LUNC) tokens. This action aligns with Binance's commitment to the community's LUNC bu...
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Terra Classic (LUNC) Witnesses Soaring Prices: Unraveling the Surge and Future Prospects
30Nov By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Terra Classic (LUNC) Witnesses Soaring Prices: Unraveling the Surge and Future Prospects

In a month-long rally, Terra Classic (LUNC) has seen an impressive surge, capturing the attention of the crypto community. The token's current price stands at $0.0001203, marking a substantial 25.16% increase in the last 24 hours. With a market capitalization of over $698.4 million, LUNC is breaking records and reshaping its trajectory. Throughout November, LUNC's price has experienced an 85% surge, transitioning from $0.00006517 to its current valuation, shedding one of its zeros. This remarkable climb is attributed to several positive announcements and strategic moves by Terra Labs, igniting curiosity about the future of LUNC and its twin token, USTC. Terra Classic in Brief: The Terra Luna ecosystem faced a significant setback last year when founder Do Kwon decided to hard fork the...
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Unlocking Long-Term Value: A Comprehensive Guide to Luna Classic (LUNC) Investment and Staking on Terra Classic
29Nov By Daniel AbangNo Comments
Crypto Guides

Unlocking Long-Term Value: A Comprehensive Guide to Luna Classic (LUNC) Investment and Staking on Terra Classic

Cryptocurrency enthusiasts seeking a long-term investment strategy often explore the potential of emerging blockchain projects. Luna Classic (LUNC), a blockchain operating on the Terra Classic network, has gained attention for its commitment to community building and sustainable development. In this guide, we'll delve into a step-by-step approach for investors looking to participate in the Luna Classic ecosystem for the long haul. Read Also: USTC's $1 Price Target: Unraveling the Debate and ChatGPT's Insight Step-by-step approach for Investors Buy LUNC Coins: The journey begins with acquiring LUNC coins, the native token of the Luna Classic blockchain. Investors can obtain these tokens from various cryptocurrency exchanges. This initial step reflects a commitment to supporting an...
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TerraClassicUSD (USTC) Surges 390% in 3 Days, Eyes $1 Target Amidst Community-Led Revival
28Nov By CryptolifedigitalNo Comments
Terra Classic (LUNC)

TerraClassicUSD (USTC) Surges 390% in 3 Days, Eyes $1 Target Amidst Community-Led Revival

The cryptocurrency market is buzzing with excitement as TerraClassicUSD (USTC), an algorithmic stablecoin, experiences an extraordinary surge, recording a remarkable 390% increase in value over the past three days. Priced at $0.06617 at present, USTC's surge has ignited speculation about the possibility of achieving the coveted $1 price target, prompting optimism within the Terra Classic community. After a de-pegging from the US dollar in May 2022, USTC faced a prolonged period of stagnation, with its price hovering around $0.01. However, the relentless determination of the Terra Classic community to revive both USTC and its companion token, Terra Classic (LUNC), has paved the way for an impressive comeback. Read Also: XRP Primed for a Stellar Comeback: Analyst EGRAG CRYPTO Sets Ambi...
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Terra Classic Announces Strategic Plan to Safely Re-enable Market Module and Re-Peg USTC
20Nov By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic Announces Strategic Plan to Safely Re-enable Market Module and Re-Peg USTC

In a significant move to revive Terra Classic's market module, the development team has proposed a comprehensive strategy to mitigate risks and maximize rewards. The plan outlines key adjustments to spread fees, burn mechanisms, and virtual liquidity pool parameters, and introduces hard caps on LUNC and USTC max supply. Read Also: TerraCVita Celebrates Positive Step Toward Enhanced On-Chain Development https://twitter.com/frag_dude/status/1726312153643401523 Steps to reset the Market Module The first step involves setting the spread fee at 98%, effectively re-pegging USTC at 2 cents. This approach aims to bring stability to USTC's value, with the flexibility to incrementally re-peg to 3 cents, 4 cents, and beyond by adjusting the spread fee accordingly. To address the risk of un...
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