Recently, Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, has experienced shifts in its value, which has seen its value settle at $0.000064 at the time of writing.
On top of this, Binance recently burned 760 million Terra Classic tokens, bringing the total to 39.5 billion. This burn amounted to 50% of October’s trading fees, valued at $47,465. Despite a reduction in monthly burns, Binance remains the primary contributor to the LUNC burn campaign, with total burns now worth $2.47 million. There’s a proposal to extend Binance’s support to TerraClassicUSD (USTC), the ecosystem’s stablecoin.
As the cryptocurrency market made a surprising upward move in October, turning many assets’ monthly charts green, the same happened to Terra Classic, and a question arises: what value will this crypto settle at by the end of the month?
Terra Classic chart analysis
As mentioned, LUNC is presently trading at $0.000064. It has experienced a positive 0.64% change in the 24 hours, recuperating from a negative week of -1.82% decrease. Over the 30 days, this asset has undergone a positive 9.40% change.
In the previous 30 days, this asset had 17 green days and is experiencing a low yearly inflation impact of -5.75%.
However, it is crucial to notice that this crypto has shrunk from its all-time high by a whopping -100% and is currently trading below its 200-day moving average.
Finally, it is essential to note that LUNC has been outperformed by 99% of the top 100 digital assets over a year.
$LUNA $USTC $LUNC #TerraClassic #CryptoNews #CryptoTalks #BinanceSquare
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