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LUNC Price Analysis: Terra Luna Classic Targets 63% Gain After Breakout !! #StartInvestingInCrypto #altcoins #BinanceLaunchpool #MicroStrategy #BTC LUNC’s price peaks at $0.000120 following a v3.0.1 upgrade.Analyst Javon Marks predicts a 63% price surge for LUNC to $0.00021439.LUNC price has been on the rise in the last 24 hours, fueled by activity within the Terra Luna Classic ecosystem such as Binance burning its token and the release of v3. 0. 1 upgrade. This action has triggered a rally, positioning the cryptocurrency for potential gains. The price movement began with a pre-upgrade surge, a common phenomenon in crypto markets often referred to as “buy the rumor, sell the news The price of LUNC began the day at around $0.0001193 and saw a steady climb, reaching a peak near $0.000120. Subsequently, the trading volume over the last 24 hours has risen approximately 3.89%, totaling about $28.21 million. This rise in trading volume coincides with a 1.81% increase in market capitalization, aligning well with the slight upward trend in LUNC’s price.

LUNC Price Analysis: Terra Luna Classic Targets 63% Gain After Breakout !!

#StartInvestingInCrypto #altcoins #BinanceLaunchpool #MicroStrategy #BTC

LUNC’s price peaks at $0.000120 following a v3.0.1 upgrade.Analyst Javon Marks predicts a 63% price surge for LUNC to $0.00021439.LUNC price has been on the rise in the last 24 hours, fueled by activity within the Terra Luna Classic ecosystem such as Binance burning its token and the release of v3. 0. 1 upgrade. This action has triggered a rally, positioning the cryptocurrency for potential gains.

The price movement began with a pre-upgrade surge, a common phenomenon in crypto markets often referred to as “buy the rumor, sell the news

The price of LUNC began the day at around $0.0001193 and saw a steady climb, reaching a peak near $0.000120. Subsequently, the trading volume over the last 24 hours has risen approximately 3.89%, totaling about $28.21 million. This rise in trading volume coincides with a 1.81% increase in market capitalization, aligning well with the slight upward trend in LUNC’s price.

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Shiba Inu Price Prediction: A Setback or a Chance to Buy Low !! #BinanceTournament #TopCoinsJune2024 #EarnFreeCrypto2024 #BTC #bitcoin Shiba Inu attempted to surpass $0.000030000 but failed, resulting in a retreat and formation of a Double Top Pattern.Following a recent sell-off, bearish sentiment prevails as sell signals weigh on SHIB's price rally.In early March, a surge in buying pressure caused a 250% price spike on the platform.However, a subsequent substantial sell-off slashed prices by over 53%.$SHIB broke its long-term resistance trendline but couldn't sustain its breakout rally.Despite this setback, the Shiba Inu price trend reversed its pattern of lower highs with a double bottom formation, indicating renewed buyer interest. The RSI is nearing oversold conditions without any bearish divergence. Moreover, the Ichimoku cloud recently turned bearish after the conversion line crossed below the baseline. According To Coingabbar analysis, As the price breached its range, it may decline towards nearby support levels at approximately $0.0000183, with a near-term rebound unlikely.Maintaining above $0.0000183 could pave the way for a potential breakout above resistance at $0.000025. KEY LEVELS : RESISTANCE LEVEL : $0.00002350-$0.00002650 SUPPORT LEVEL : $0.00001830-$0.00001150 Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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Terraform Labs to Dissolve After SEC Settlement, CEO Announces !! #BinanceTournament #TopCoinsJune2024 #EarnFreeCrypto2024 #altcoins #BTC Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the SEC. CEO Chris Amani released the statement on the social media platform X. With the settlement complete, Amani noted he could now discuss the future of Terraform Labs (TFL). “TFL always intended to dissolve at some point and that point is now. We will be winding down operations completely,” Amani stated. “Special thanks to the lunatics who supported us through this process and thanks to the TFL team. I’m incredibly proud that we were able to hold this company and ecosystem together and continue to build innovative products through all of this. Meanwhile, the Terra ecosystem persists to an extent, supported by several decentralized applications and its tokens. However, the cryptocurrency tokens originating from the Terra blockchain have declined in value significantly. LUNA 2.0, the replacement for LUNA, has plummeted by 97%. In the decentralized finance (defi) arena, Terra defi protocols currently secure a mere $5.37 million in value locked, placing the chain at the 107th position among the leading blockchains by value locked.
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Why LUNA and LUNC Prices Are Surging Today? #BinanceTournament #TopCoinsJune2024 #EarnFreeCrypto2024 #altcoins #BTC The Terra tokens are on the move again, creating high hopes among investors to see a recovery in value. With the downfall of these cryptos in 2022, it is about time to witness some major gains because of the bullish market situation. The upcoming altcoin season is the hope for Terra (LUNA) and Terra Luna Classic (LUNC) holders.This LUNA and LUNC price surge is interesting as the rest of the market was in downfall earlier, where Bitcoin and the rest of the popular altcoins declined. On that note, let us discuss why these Terra tokens are rising today. LUNA & LUNC Price Analysis Terra (LUNA) is in an overall 97.13% fall after its peak two years ago, where it rose to an all-time high of $19.54. The altcoin had a decent surge today as the LUNA price increased to $0.5973 before declining to the current value of $0.5429. It has a market cap of $415,779,481, placing it 150th on the CoinmarketCap. LUNA’s trading volume is at $61,744,317, which has surged 102% in the last 24 hours, clarifying the reasons behind this surge. LUNC is also on the same path, facing a 99.99% decline from its peak days in May 2022. Because of that, the Terra Classic price is at $0.0001027, which has hiked 1.18% from yesterday. Along with that, it has a market cap of $594,114,483. The surge in its network activity has pushed the trading volume to $37,034,782 after a 40% rise. LUNA and LUNC had a better performance a few hours ago, as the trend seems to be declining by now as a slight downward moment is noticeable in the charts. Why Are LUNA and LUNC Prices Rising? For the past three days, the crypto market had a bearish outlook, where Bitcoin price had dropped to as low as $66,123. The negative impact of this is also visible in the rest of the cryptos. But after yesterday’s Consumer Price Index (CPI) data release, the market had a bullish push, helping with Bitcoin price recovery and causing a surge in cryptos like LUNA and LUNC.
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Terraform Labs to dissolve, CEO asks community to take over following $4.47 billion SEC settlement !! #BinanceTournament #EarnFreeCrypto2024 #TopCoinsJune2024 #altcoins #BTC Chris Amani, CEO of Terraform Labs, the developer of Terra LUNA -5.095% blockchain, asked the community to take the reins as the firm plans to dissolve its operations. The firm, according to Amani, plans to sell its projects in the Terra ecosystem including Pulsar Finance, Station Wallet and Enterprise DAO. This follows Terraform's massive $4.47 billion settlement with the U.S. Securities and Exchange Commission related to the UST algorithmic stablecoin, which dramatically collapsed in 2022. "TFL always intended to dissolve at some point, and that point is now,” Amani stated on X, signaling the end for Terraform Labs. “We will be winding down operations completely.” Amani stated the firm plans for a community proposal that would lead to the burning of all unvested Luna, Terraform’s native token. “Anything that remains vested in our wallets will be burned by TFL,” he affirmed, committing to a decisive end for the company’s direct involvement with the token. He stated that Terra and Terra Classic blockchains could continue under the community’s control. “The community will need to take over ownership of the chain,” Amani stated, suggesting a community-led governance model that could redefine how blockchain projects operate post-crisis. The SEC initially charged Terraform and its co-founder, Do Kwon, in February 2023, accusing them of misleading investors and violating federal securities laws by engaging in fraudulent activities related to the sale of unregistered securities. Terraform’s proposed settlement revealed on Wednesday with SEC includes $3.58 billion in disgorgement and a $420 million civil penalty. It also prohibits Kwon from serving as an officer or director of any public company. Additionally, Do Kwon is required to contribute about $204 million to a bankruptcy estate for Terraform aimed at compensating the investors harmed by the scheme.
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Terra Luna Classic Price Plunges Post SEC’s $4.47 Billion Fine! Recovery on the Charts? #EarnFreeCrypto2024 #TopCoinsJune2024 #altcoins #bitcoin #BTC Terra Luna Classic (LUNC) faces recovery challenges post-2022 market crash, struggling despite rebranding efforts. SEC settlement imposes $4.47 billion in fines on Terraform Labs and Do Kwon, impacting leadership and trading activities.The Terra Luna Classic (LUNC) community has faced significant challenges since the market turmoil of 2022, which saw a massive $30 billion loss in a single week. Despite efforts to rebrand and refresh products, the ecosystem of UST logarithmic stablecoins within Terra Luna has struggled to recover.According to US SEC filings, Terraform Labs and Do Kwon agreed to pay a lump sum of $4.47 billion in fines after reaching a settlement with the agency. In addition to the fines, Kwon is expected to pay about $204 million to ensure the Terraform investors are reimbursed in the ongoing bankruptcy proceedings. Moreover, Kwon is barred from holding any leadership role, and Terraform Labs cannot engage in crypto trading activities.From a technical standpoint, LUNC’s price against the US dollar is at a critical juncture, possibly indicating further losses. This small-cap altcoin has a fully diluted valuation of about $591 million and sees a daily traded volume averaging around $38 million. Despite recent network improvements, LUNC has struggled to recover from setbacks in 2022. The altcoin continues to consolidate within a large triangular pattern and has lost support from the weekly 50 Moving Average (MA). The Relative Strength Index (RSI) has also failed to surpass the crucial 50-point mark, reflecting prevailing bearish sentiment.To boost optimism, the Terra LUNC community has intensified efforts for on-chain burns. Recently, Binance burned 1.35 billion LUNC tokens, contributing to a total burn of approximately 60 billion tokens.Additionally, the community approved a $30,000 expenditure (equivalent to 256 million LUNC tokens) earlier this week for development purposes.
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