Recently, Terra Classic (LUNC) surprised investors with double-digit gains, causing excitement in the market. Alongside this surge, its trading volume also soared, indicating increased activity and interest from traders.
At the same time, the LUNC community is gearing up to submit a proposal that could significantly influence both the blockchain and its token.
Terra Classic (LUNC) Market Analysis
CoinMarketCap’s data indicates that LUNC experienced a notable surge in the last 24 hours, with a price increase of over 10%. Simultaneously, its trading volume soared by more than 700%.
It’s commonly observed that significant price changes are often preceded by spikes in trading volume, indicating heightened market interest. This suggests that the current upward trend in LUNC’s price may persist for a longer duration.
Terra Classic’s one-week price volatility gained momentum following a sharp decline. Moreover, its social volume spiked in the past few days, indicating increased attention and activity surrounding the token.

Sentiment Analysis and Derivatives Market
The price uptrend contributed to a rise in bullish sentiment around LUNC, as reflected in its Weighted Sentiment. Additionally, the Funding Rate for LUNC was high, indicating active buying by derivatives investors at higher prices. However, a concerning metric was observed in the form of declining Open Interest despite the price surge.
A decrease in Open Interest typically signals rising possibilities of a trend reversal, posing a cautious note amidst LUNC’s recent price hike.

Upon examining LUNC’s 4-hour chart, Terra Classic’s MACD revealed a significant bullish advantage in the market, suggesting a sustained uptrend in price.
However, other metrics presented a bearish outlook, indicating a potential reversal in the trend. Notably, the Relative Strength Index (RSI) experienced a sharp downturn from the overbought zone and was continuing to trend downwards at the time of observation.
Similarly, LUNC’s Chaikin Money Flow (CMF) followed a similar declining trend, signaling a possible conclusion to the token’s bullish rally.

Proposal for Terra Classic (LUNC) Security Enhancement
Blockchain security expert Coach Bruce Wrangler recently shared a tweet unveiling a new proposal aimed at addressing key issues within Terra Classic (LUNC).
The proposal highlights the necessity to swiftly burn through LUNC supply to stimulate significant price appreciation. Additionally, it addresses concerns regarding manipulation by anonymous bad actors, such as scammers, plaguing the token.

Impact of Proposal Implementation
If approved, the proposal could swiftly eliminate 99% of bad actors, bolstering blockchain security. Furthermore, it plans to burn an estimated 50% of the token supply within 90 days, potentially positively impacting the token’s price action in the subsequent months.
As per LUNC Metrics, a total of 97.98 billion LUNCs have been burned to date, reflecting ongoing efforts to enhance tokenomics and security measures.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #lunch

Tokeny ekosystému Terra Classic, LUNC a USTC, byly na bouřlivé cestě s havárií a následným vzestupem z popela. Nyní se do centra pozornosti dostává sporná debata kolem tokenomiky.
Ústředním bodem této bitvy je Návrh 11958, který požaduje spálení 8 milionů USTC z komunitního fondu ve snaze oživit implodované tokeny Terra Classic, včetně LUNC a USTC.
Zápalná otázka: Vzplane nebo zhasne?
Zastánci spalování tvrdí, že je to nezbytný krok k dosažení deflace a stability. Považují 8 milionů USTC za nadměrná zavazadla, přičemž komunitní fond již obsahuje značných 3,49 miliardy LUNC, což stačí na pokrytí provozních nákladů.

Predikce ceny Terra Classic: Potenciální odraz od 50% úrovně Fibonacciho retracementu by mohl podpořit kupující, aby pokračovali v býčím trendu.Kryptotrh byl od druhého prosincového týdne svědkem rostoucí volatility v tandemu s návratem ceny bitcoinu z 44 500 USD. Tato nejistota si však vybrala velkou daň na ceně LUNC, když klesla z 0,00028 USD na 0,000163 USD, což představuje ztrátu 41 %. Korekční trend se však zastavil na 0,00016 dolaru, což podporuje předpokládanou příležitost získat zpět vyšší úroveň.