LUNC✅
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It won't be easy, but in the end everyone will call you lucky for holding $LUNC 🌕
No matter what they say; #LUNC✅ Community will be always at the top 🗻
No matter what they say; #LUNC✅ Community will be always at the top 🗻
Terra Luna Classic Set for Significant v3.0.1 Upgrade
As previously reported by Crypto News Flash, Terra Luna Classic will undergo a major upgrade on June 2, 2024. This upgrade is set to occur at a block height of 18,303,000 and has received massive support from the community and the validators.
Validators like Orion, Interstellar Lounge, and StakeBin will replace the old binary with the new one. This improves the chain’s performance, reliability, and protection. The upgrade seeks to enhance the functionality of the #TerraLunaClassic network while making it more efficient and robust.
#LUNC✅ , USTC Price and Market Sentiment
Despite Proposal 12105’s rejection, the $LUNC price decreased by 5% in the past 24 hours. LUNC is currently trading at $0.0001105. In addition, trading volume also declined by 7%, which shows that more traders participated in trading.
At the same time, the former stablecoin, #USTC , has retained its price at $0.02179 after a 4% drop. The highest and lowest prices for $USTC in the last 24 hours were $0.02377 and $0.02152, respectively.
#StartInvestingInCrypto #altcoins
As previously reported by Crypto News Flash, Terra Luna Classic will undergo a major upgrade on June 2, 2024. This upgrade is set to occur at a block height of 18,303,000 and has received massive support from the community and the validators.
Validators like Orion, Interstellar Lounge, and StakeBin will replace the old binary with the new one. This improves the chain’s performance, reliability, and protection. The upgrade seeks to enhance the functionality of the #TerraLunaClassic network while making it more efficient and robust.
#LUNC✅ , USTC Price and Market Sentiment
Despite Proposal 12105’s rejection, the $LUNC price decreased by 5% in the past 24 hours. LUNC is currently trading at $0.0001105. In addition, trading volume also declined by 7%, which shows that more traders participated in trading.
At the same time, the former stablecoin, #USTC , has retained its price at $0.02179 after a 4% drop. The highest and lowest prices for $USTC in the last 24 hours were $0.02377 and $0.02152, respectively.
#StartInvestingInCrypto #altcoins
Reinforcing the article below, “
$LUNC Agreement with the SEC Could Drive Cryptocurrency Price to $1.00” it is also important to highlight that @Binance has been since October 2022 monthly Burning LUNC trading fees:
“Binance will be making changes to the burning of LUNC trading fees, to continue to contribute to the supply decrease of LUNC and be in line with what the community originally looked forward to. From December 2022, Binance will be burning 50% of the LUNC spot and margin trading fees…”
ON June 1st #Binance burn 1.3 Billion #LUNC from May trading fees
Transaction hash:
https://finder.terra.money/classic/tx/37EED2FDAA6B7E4CFC2D6A98DAB89FCBE5CA63F6ABAA86A5058A25D1502590AB
LUNC Agreement with the SEC Could Drive Cryptocurrency Price to 1.00
$LUNC $LUNA #LUNC✅ @CZ @Richard Teng
$LUNC Agreement with the SEC Could Drive Cryptocurrency Price to $1.00” it is also important to highlight that @Binance has been since October 2022 monthly Burning LUNC trading fees:
“Binance will be making changes to the burning of LUNC trading fees, to continue to contribute to the supply decrease of LUNC and be in line with what the community originally looked forward to. From December 2022, Binance will be burning 50% of the LUNC spot and margin trading fees…”
ON June 1st #Binance burn 1.3 Billion #LUNC from May trading fees
Transaction hash:
https://finder.terra.money/classic/tx/37EED2FDAA6B7E4CFC2D6A98DAB89FCBE5CA63F6ABAA86A5058A25D1502590AB
LUNC Agreement with the SEC Could Drive Cryptocurrency Price to 1.00
$LUNC $LUNA #LUNC✅ @CZ @Richard Teng
#xrp Investors could see their investment of 1,000 XRP tokens skyrocket to $1 million if XRP reaches a lofty price target of $1,000.
XRP has been the subject of speculation over the past few months, mostly due to its current underperformance and projections of an imminent price explosion. While the broader market has reclaimed most of the losses of the previous bear phase, XRP has not recorded a similar price uptrend.
For instance, Bitcoin (BTC), the largest crypto asset, is up 150% since Q4 2023 when the first phase of the bull market kicked off. Within this period, Solana (SOL) has skyrocketed by a massive 679%, while Ethereum (ETH) has witnessed a 126% increase.
#Megadrop
#ETHETFsApproved
#LUNC✅
XRP has been the subject of speculation over the past few months, mostly due to its current underperformance and projections of an imminent price explosion. While the broader market has reclaimed most of the losses of the previous bear phase, XRP has not recorded a similar price uptrend.
For instance, Bitcoin (BTC), the largest crypto asset, is up 150% since Q4 2023 when the first phase of the bull market kicked off. Within this period, Solana (SOL) has skyrocketed by a massive 679%, while Ethereum (ETH) has witnessed a 126% increase.
#Megadrop
#ETHETFsApproved
#LUNC✅
$LUNC
$USTC
Terra Classic Burn Tax Increase Proposal Rejected, LUNC and USTC Prices React
The Terra Classic community has decided to reject proposal number 12105 to increase the burn tax to 1.5%. This proposal met disapproval from community members, who expressed frustration with repetitive attempts to alter the burn tax.
The community’s rejection was evident, with only 21.35% of voters supporting the proposal, while 32% voted “no” and 38% voted “no with veto”.
The rejected proposal lacked logic and was criticized as a “lazy effort” by most voters. Notably, this was a text proposal and not a parameter change, meaning it would not have altered the tax even if accepted. Validators also opposed the proposal due to no supporting data, complementary strategies, and volume projections.
Recently, the community decided to modify the distribution of the LUNC burn tax, redirecting it to the Oracle pool instead of rewards. This proposal received 70% “yes” votes, supported by 37 validators, and resulted in setting the Terra Classic burn tax at 0.5%. The allocation of this tax was designated as 80% for burning, 10% for the Community Pool, and 10% for the Oracle Pool.
Terra Classic (LUNC) Price Movement
According to data from CoinMarketCap, the price of LUNC currently stands at $0.0001221, following a 5.16% increase in the last 24 hours. The price fluctuated between $0.0001143 and $0.000125, indicating a relatively stable trading range. Notably, a 105% increase in trading volume was recorded over the last 24 hours, suggesting heightened interest among traders.
Also, the price of the Terra Classic stablecoin USTC, one of the former stablecoins. The price oscillated between $0.02360 and $0.02505, indicating a horizontal price movement.
#LUNC✅ #Megadrop #altcoins #Lunc2TheMoonSoon
$USTC
Terra Classic Burn Tax Increase Proposal Rejected, LUNC and USTC Prices React
The Terra Classic community has decided to reject proposal number 12105 to increase the burn tax to 1.5%. This proposal met disapproval from community members, who expressed frustration with repetitive attempts to alter the burn tax.
The community’s rejection was evident, with only 21.35% of voters supporting the proposal, while 32% voted “no” and 38% voted “no with veto”.
The rejected proposal lacked logic and was criticized as a “lazy effort” by most voters. Notably, this was a text proposal and not a parameter change, meaning it would not have altered the tax even if accepted. Validators also opposed the proposal due to no supporting data, complementary strategies, and volume projections.
Recently, the community decided to modify the distribution of the LUNC burn tax, redirecting it to the Oracle pool instead of rewards. This proposal received 70% “yes” votes, supported by 37 validators, and resulted in setting the Terra Classic burn tax at 0.5%. The allocation of this tax was designated as 80% for burning, 10% for the Community Pool, and 10% for the Oracle Pool.
Terra Classic (LUNC) Price Movement
According to data from CoinMarketCap, the price of LUNC currently stands at $0.0001221, following a 5.16% increase in the last 24 hours. The price fluctuated between $0.0001143 and $0.000125, indicating a relatively stable trading range. Notably, a 105% increase in trading volume was recorded over the last 24 hours, suggesting heightened interest among traders.
Also, the price of the Terra Classic stablecoin USTC, one of the former stablecoins. The price oscillated between $0.02360 and $0.02505, indicating a horizontal price movement.
#LUNC✅ #Megadrop #altcoins #Lunc2TheMoonSoon
Τάσεις
$LUNC Agreement with the SEC Could Drive Cryptocurrency Price to $1.00
The token from the old Terra network, now known as Terra Classic (LUNC), has recently shown a significant increase in the cryptocurrency market. The price of LUNC is currently at $0.0001207, reflecting an 8.45% increase from the previous day.
Although the appreciation is small compared to the cryptocurrency standard, the rise indicates a strong upward trend and renewed investor confidence. Another factor of confidence is that Terra Classic is close to finalizing an agreement with the United States Securities and Exchange Commission (SEC) regarding its bankruptcy two years ago.
If this agreement materializes, the network should get rid of the fraud accusations filed by the SEC. Therefore, the arrangement could help boost the price of LUNC back to levels that could reach $1.00.
LUNC's Agreement with the SEC Draws Attention
This week, the SEC, Terraform Labs, and Do Kwon signed a provisional fine payment agreement. The agreement comes after a jury found Kwon and his company guilty of deceiving investors and causing $40 billion in damages.
The agreement with the SEC has sparked significant interest in Terra Classic ecosystem tokens. According to Coinglass data, open futures positions for LUNC and 1000LUNC increased by 15% in the last 24 hours.
This increase includes a 20% growth in open positions on Binance, indicating substantial buying activity by derivatives traders. When futures grow, the trend is for the asset's price to appreciate as well.
LUNC's market value is $699.65 million and it has risen by 8% in the last 24 hours. Its 24-hour trading volume increased by 273.87%, reaching $128.13 million. Just like in futures, a strong rise in volumes can help LUNC reach even higher values.
Last week, LUNC's price appreciated by 8% driven by growing market optimism and renewed investor interest. Additionally, last month, the token experienced a steady increase of 15%, trading in the range of $0.0001 to $0.00012, reflecting positive market sentiment.
Indicators Point to Strong Uptrend
As bullish sentiment gains momentum, LUNC could surpass the $0.00013 mark, confirming the upward trend. This positive market change could push the cryptocurrency's price to break the resistance at $0.0002, targeting $0.0005 in the next bullish cycle.
However, if pessimism sets in, LUNC could retreat to the support level of $0.00012. A prolonged negative trend could cause further drops to $0.00011, increasing the likelihood of selling pressure.
The Moving Average Convergence Divergence (MACD) indicator shows a positive trend as the MACD line (blue) crosses above the signal line (orange), which typically signals bullish momentum.
This crossover is supported by the increasing histogram bars and the Relative Strength Index (RSI), which is currently at 61, suggesting that LUNC is moving toward overbought territory.
Finally, the Awesome Oscillator (AO) is currently at 0.00000850, suggesting slight bullish momentum. The Chaikin Money Flow (CMF) is at 0.01, indicating a marginal inflow of capital into the asset, which could suggest a potential upward trend if this inflow continues.
Although the appreciation is small compared to the cryptocurrency standard, the rise indicates a strong upward trend and renewed investor confidence. Another factor of confidence is that Terra Classic is close to finalizing an agreement with the United States Securities and Exchange Commission (SEC) regarding its bankruptcy two years ago.
If this agreement materializes, the network should get rid of the fraud accusations filed by the SEC. Therefore, the arrangement could help boost the price of LUNC back to levels that could reach $1.00.
LUNC's Agreement with the SEC Draws Attention
This week, the SEC, Terraform Labs, and Do Kwon signed a provisional fine payment agreement. The agreement comes after a jury found Kwon and his company guilty of deceiving investors and causing $40 billion in damages.
The agreement with the SEC has sparked significant interest in Terra Classic ecosystem tokens. According to Coinglass data, open futures positions for LUNC and 1000LUNC increased by 15% in the last 24 hours.
This increase includes a 20% growth in open positions on Binance, indicating substantial buying activity by derivatives traders. When futures grow, the trend is for the asset's price to appreciate as well.
LUNC's market value is $699.65 million and it has risen by 8% in the last 24 hours. Its 24-hour trading volume increased by 273.87%, reaching $128.13 million. Just like in futures, a strong rise in volumes can help LUNC reach even higher values.
Last week, LUNC's price appreciated by 8% driven by growing market optimism and renewed investor interest. Additionally, last month, the token experienced a steady increase of 15%, trading in the range of $0.0001 to $0.00012, reflecting positive market sentiment.
Indicators Point to Strong Uptrend
As bullish sentiment gains momentum, LUNC could surpass the $0.00013 mark, confirming the upward trend. This positive market change could push the cryptocurrency's price to break the resistance at $0.0002, targeting $0.0005 in the next bullish cycle.
However, if pessimism sets in, LUNC could retreat to the support level of $0.00012. A prolonged negative trend could cause further drops to $0.00011, increasing the likelihood of selling pressure.
The Moving Average Convergence Divergence (MACD) indicator shows a positive trend as the MACD line (blue) crosses above the signal line (orange), which typically signals bullish momentum.
This crossover is supported by the increasing histogram bars and the Relative Strength Index (RSI), which is currently at 61, suggesting that LUNC is moving toward overbought territory.
Finally, the Awesome Oscillator (AO) is currently at 0.00000850, suggesting slight bullish momentum. The Chaikin Money Flow (CMF) is at 0.01, indicating a marginal inflow of capital into the asset, which could suggest a potential upward trend if this inflow continues.
Terra Classic: Is LUNC's Rising Channel Set to Ignite Market?
Terra ecosystem tokens experienced a significant price rally, following Terraform Labs and co-founder Do Kwon reaching a settlement in principle with the U.S. Securities and Exchange Commission (SEC).
The Terra Classic token is currently contending with the bearish-aligned 20 and 50 EMAs on the daily chart, following a recent death cross.The recovery rally is rebounding from the 78.60% Fibonacci level and is now challenging the 61.80% Fibonacci level.The rising channel indicates an underlying improvement in the trend.According to Coin Gabbar analysis, If supported by a broader market recovery, the Terra Classic (LUNC) price could reach the $0.00015 mark or the 50% Fibonacci level.Conversely, if the bulls fail to breach the upper boundary of the channel and the price breaches the lower boundary, it may drop to the $0.000080 level.
KEY LEVELS :
RESISTANCE LEVEL : $0.00015000-$0.00021000
SUPPORT LEVEL : $0.00008000-$0.00005000
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.
@Binance Research @Coingabbar Analysis @CZ @Binance Square Official #altcoins #BinanceLaunchpool #buythedip #LUNC✅ #TerraClassic $LUNC
The Terra Classic token is currently contending with the bearish-aligned 20 and 50 EMAs on the daily chart, following a recent death cross.The recovery rally is rebounding from the 78.60% Fibonacci level and is now challenging the 61.80% Fibonacci level.The rising channel indicates an underlying improvement in the trend.According to Coin Gabbar analysis, If supported by a broader market recovery, the Terra Classic (LUNC) price could reach the $0.00015 mark or the 50% Fibonacci level.Conversely, if the bulls fail to breach the upper boundary of the channel and the price breaches the lower boundary, it may drop to the $0.000080 level.
KEY LEVELS :
RESISTANCE LEVEL : $0.00015000-$0.00021000
SUPPORT LEVEL : $0.00008000-$0.00005000
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.
@Binance Research @Coingabbar Analysis @CZ @Binance Square Official #altcoins #BinanceLaunchpool #buythedip #LUNC✅ #TerraClassic $LUNC
News of Do Kwon's SEC Settlement lead to Surge in Terra Coins LUNA and LUNC!
Big news for the Terra community! Terra's cryptocurrencies, LUNA and LUNC, are on the rise after founder Do Kwon and Terraform Labs reached a tentative settlement with the SEC in their civil fraud case.
What's Happening?
- LUNA: Up 16.3% in the last 24 hours, now trading at $0.69.
- LUNC: Up 9.5% in the past day, trading at $0.0001215.
The spike comes after news broke that Terraform Labs and Do Kwon reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC). This settlement was noted in court documents, with a June 12 deadline for finalizing the details.
In April, a New York jury found Kwon and Terraform Labs liable for civil fraud, agreeing with the SEC's claims that investors were misled about TerraUSD (UST), Terra’s stablecoin. The SEC aimed to impose financial penalties and bar Kwon and Terraform Labs from the securities industry.
The charges stem from the May 2022 collapse of TerraUSD and the LUNA governance token, which led to over $40 billion in losses and triggered a prolonged "crypto winter."
While this settlement is a step forward, Kwon's legal troubles are far from over:
- He still faces criminal fraud charges from the U.S. Department of Justice.
- In South Korea, he's charged with fraud, bribery, and market manipulation.
- After his December 2023 arrest in Montenegro for using a false passport, both the U.S. and South Korea are vying for his extradition.
Currently, Kwon is in Montenegro, where he served a four-month sentence and is awaiting further legal proceedings.
#ETHETFsApproved #Megadrop #LUNA #LUNC✅ $LUNA $LUNC
Big news for the Terra community! Terra's cryptocurrencies, LUNA and LUNC, are on the rise after founder Do Kwon and Terraform Labs reached a tentative settlement with the SEC in their civil fraud case.
What's Happening?
- LUNA: Up 16.3% in the last 24 hours, now trading at $0.69.
- LUNC: Up 9.5% in the past day, trading at $0.0001215.
The spike comes after news broke that Terraform Labs and Do Kwon reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC). This settlement was noted in court documents, with a June 12 deadline for finalizing the details.
In April, a New York jury found Kwon and Terraform Labs liable for civil fraud, agreeing with the SEC's claims that investors were misled about TerraUSD (UST), Terra’s stablecoin. The SEC aimed to impose financial penalties and bar Kwon and Terraform Labs from the securities industry.
The charges stem from the May 2022 collapse of TerraUSD and the LUNA governance token, which led to over $40 billion in losses and triggered a prolonged "crypto winter."
While this settlement is a step forward, Kwon's legal troubles are far from over:
- He still faces criminal fraud charges from the U.S. Department of Justice.
- In South Korea, he's charged with fraud, bribery, and market manipulation.
- After his December 2023 arrest in Montenegro for using a false passport, both the U.S. and South Korea are vying for his extradition.
Currently, Kwon is in Montenegro, where he served a four-month sentence and is awaiting further legal proceedings.
#ETHETFsApproved #Megadrop #LUNA #LUNC✅ $LUNA $LUNC
