Terra Classic Archives - Cryptolifedigital

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? ...

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’s $0.03 Dream: Can the Phoenix Rise Again?

30Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic’s $0.03 Dream: Can the Phoenix Rise Again?

The cryptocurrency market is a wild ride, and Terra Classic (LUNC) is experiencing its share of ups and downs. Analyst Derek (@kimmyboy2) has stirred the LUNC community with a call to focus on the long-term goal of $0.03, prompting questions about the feasibility of such a monumental climb. Read Also: Cardano To Jump By 36% In February Considering Historical Perspectives https://twitter.com/kimmyboy2/status/1751344962112028743 A 300x increase from LUNC's current price of $0.0001011 is undoubtedly ambitious. Reaching $0.03 would rocket LUNC into the top 3 cryptocurrencies by market cap, a colossal feat considering its current market position. While not entirely impossible, this journey faces significant hurdles. The Path to $0.03 Token Burns: Reducing circulating supply throu...

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...

Binance Announces Massive LUNC Burning Day: A Strategic Move to Enhance Tokenomics

31Dec

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Binance Announces Massive LUNC Burning Day: A Strategic Move to Enhance Tokenomics

In a groundbreaking development, Binance, one of the world's leading cryptocurrency exchanges, has declared tomorrow as "LUNC Burning Day," signalling a significant event in the platform's ongoing efforts to optimize tokenomics and bolster investor confidence. This strategic move is poised to have far-reaching implications for the LUNC token and the broader crypto community. https://twitter.com/terra_army/status/1741462459633090731 Binance is an active LUNC Burner Binance, known for its innovative practices, has been proactive in adapting to the evolving crypto landscape. The decision to conduct a massive LUNC burning underscores the platform's commitment to maintaining a robust and sustainable ecosystem. LUNC, the native utility token of Binance, plays a crucial role in the exchange'...

Terraport’s TERRA Token Achieves Coingecko Listing Milestone

29Dec

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terraport’s TERRA Token Achieves Coingecko Listing Milestone

In a significant leap forward for Terraport Finance, the platform's native cryptocurrency, TERRA token, has officially secured a listing on Coingecko. The announcement, made via a tweet from Terraport Finance, marks a crucial milestone in the project's journey towards broader recognition and accessibility within the cryptocurrency market. Read Also: Terra Classic Proposes to Incinerate A Total of 8 Million USTC With The View to Revive Community Pool https://twitter.com/_Terraport_/status/1737563629061374085 TERRA Is now on Coingecko Coingecko, a reputable and widely used cryptocurrency data aggregator, provides users with comprehensive information on various digital assets, including price charts, trading volumes, and market capitalization. The listing of TERRA on Coingecko not o...

LUNC Community Votes Against 1.5% Burn Tax Proposal, Opting for Status Quo

25Dec

By OLAJIDE SAMUELNo Comments

Blockchain

LUNC Community Votes Against 1.5% Burn Tax Proposal, Opting for Status Quo

In a significant turn of events, the Terra Classic (LUNC) community has officially rejected the proposed implementation of a 1.5% burn tax. The decision comes after an active and engaged voting process within the community, reflecting the decentralized nature of governance in the Terra Classic ecosystem. Read Also: Solana (SOL) Surges Past $100, Claiming 4 Spot by Market Cap: Factors and Future Predictions https://twitter.com/TerraValidators/status/1739165002244719072 The proposal for a 1.5% burn tax has stirred considerable discussion within the LUNC community, sparking debates about its potential impact on the digital asset. The burn tax was envisioned as a mechanism to address circulating supply concerns and enhance the overall tokenomics of LUNC. Community Voting Results Aft...

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...

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...

Terra Classic (LUNC) Set for Major Upgrade to Resolve Critical Dyncomm Module Issue

1Dec

By Raliat IdrisNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Set for Major Upgrade to Resolve Critical Dyncomm Module Issue

Terra Classic (LUNC) is on the brink of a significant upgrade as the core developer, L1TF, opts to transform an already approved proposal into a comprehensive upgrade. Proposal 11890, originally titled “Upgrade to v2.3.2 (Sequence Mismatch Issue Resolution),” has garnered unanimous support from the community and is now poised to address a critical sequence mismatch issue affecting validators in the dyncomm module of the Terrad client. Read Also: Uncertainty Surrounds USTC Future Despite Recent Surge, Analyst Cautions Against Potential Bearish Reversal The proposal, initially designed to implement Terrad client v2.3.2 on-chain, aims to rectify a crucial sequence mismatch issue that has been impacting certain validators during dyncomm commission edits. Despite its previous approval, th...