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🌖 #LUNC✅ News: #TerraLunaClassic Core Dev Reveals Major Update on Tax2Gas
$LUNC News: Terra Luna Classic core developer on Friday said it has completed work on Tax2Gas, an upcoming major upgrade that will boost the #Network as well as LUNC price. The core developer added that the expected date of the upgrade is still unclear unless satisfaction in testing on rebel testnet.
#USNonFarmPayrollReport #DOGSONBINANCE
$LUNC News: Terra Luna Classic core developer on Friday said it has completed work on Tax2Gas, an upcoming major upgrade that will boost the #Network as well as LUNC price. The core developer added that the expected date of the upgrade is still unclear unless satisfaction in testing on rebel testnet.
#USNonFarmPayrollReport #DOGSONBINANCE
$LUNC Validator Responds to Allegations
JESUSisLORD recognized the push to tombstone the two associated validators as “dangerous.” He insisted they “have broken no chain rules,” both chain validators have been operating smoothly with high uptime.
We have numerous members in the #LUNC✅ community who are not content to just disagree, argue, accept that others believe differently and vote differently, but they want to censor their opposition using extreme measures.
The push to tombstone my validators JESUSisLORD and…
“I will take all available legal options to stop this and to defend and protect my #Validators and my delegates,” states JESUSisLORD’s X message.
#USNonFarmPayrollReport #DOGSONBINANCE #TON
JESUSisLORD recognized the push to tombstone the two associated validators as “dangerous.” He insisted they “have broken no chain rules,” both chain validators have been operating smoothly with high uptime.
We have numerous members in the #LUNC✅ community who are not content to just disagree, argue, accept that others believe differently and vote differently, but they want to censor their opposition using extreme measures.
The push to tombstone my validators JESUSisLORD and…
“I will take all available legal options to stop this and to defend and protect my #Validators and my delegates,” states JESUSisLORD’s X message.
#USNonFarmPayrollReport #DOGSONBINANCE #TON
#LUNC.
The most recent significant update for LUNC (Terra Classic) is the implementation of the Tax2Gas upgrade. This upgrade increased the burn tax rate from 0.5% to 1.5%, with the additional 0.3% being used to fund further development and renovation of the chain.
While this is a positive development for LUNC, it's important to note that the coin has faced challenges and volatility since the Terra ecosystem collapse in May 2022. The future of LUNC will depend on various factors, including its community, development efforts, and market conditions.
The most recent significant update for LUNC (Terra Classic) is the implementation of the Tax2Gas upgrade. This upgrade increased the burn tax rate from 0.5% to 1.5%, with the additional 0.3% being used to fund further development and renovation of the chain.
While this is a positive development for LUNC, it's important to note that the coin has faced challenges and volatility since the Terra ecosystem collapse in May 2022. The future of LUNC will depend on various factors, including its community, development efforts, and market conditions.
Terra Luna Classic Slips Further in Price
The ongoing crypto market pullback didn’t spare #LUNC✅ , as the altcoin plunged harder than Bitcoin (#BTC☀ ). While Bitcoin hovered around $58,000 with an 8% weekly drop, #TerraLunaClassic retreated 13.6% in the latest seven-day timeframe to trade at $0.00007569, according to #CoinGecko .
The decline in the market continues. We're used to the red colour now.Bitcoin is under $58,000. The state of altcoins is deplourable. Altcoins have no owner.
There is also a decline in $LUNC and $USTC . The decline in the entire market also affects Terra Classic coins.
With a sluggish daily trading volume of $20,111,345, LUNC saw a 72% uptick in trading volume on Derivatives. Despite the long versus short LUNC position ratio bullishly standing at 1.36:1, LUNC funding rates remained negative since August 27.
#USNonFarmPayrollReport
The ongoing crypto market pullback didn’t spare #LUNC✅ , as the altcoin plunged harder than Bitcoin (#BTC☀ ). While Bitcoin hovered around $58,000 with an 8% weekly drop, #TerraLunaClassic retreated 13.6% in the latest seven-day timeframe to trade at $0.00007569, according to #CoinGecko .
The decline in the market continues. We're used to the red colour now.Bitcoin is under $58,000. The state of altcoins is deplourable. Altcoins have no owner.
There is also a decline in $LUNC and $USTC . The decline in the entire market also affects Terra Classic coins.
With a sluggish daily trading volume of $20,111,345, LUNC saw a 72% uptick in trading volume on Derivatives. Despite the long versus short LUNC position ratio bullishly standing at 1.36:1, LUNC funding rates remained negative since August 27.
#USNonFarmPayrollReport
Terra Luna Classic Addresses Chain Violation, LUNC Plunges 16%
#TerraLunaClassic ’s ($LUNC ) Layer-1 blockchain faces another downturn as a verbal conflict among chain validators emerges. Specifically, member BullBoss5 penned a proposal to address the violation of the Dynamic Commission mechanism.
“First, we should issue a proposal that clearly outlines the dynComm rule and formally warns JIL2 about the violations, without imposing any immediate consequences,” states the proposal’s text on #Commonwealth . The proposal implies that #LUNC✅ chain validator JESUSisLORD created a secondary validator node, JESUSisLORD 2, which goes against the chain’s guidelines.
The proposal accuses JESUSisLORD of fragmenting voting power via two different validator nodes to maintain lower commission rates on the chain. If it passes, this proposal will issue a formal warning message to the LUNC validator, giving time for corrective action.
#USNonFarmPayrollReport #DOGSONBINANCE
#TerraLunaClassic ’s ($LUNC ) Layer-1 blockchain faces another downturn as a verbal conflict among chain validators emerges. Specifically, member BullBoss5 penned a proposal to address the violation of the Dynamic Commission mechanism.
“First, we should issue a proposal that clearly outlines the dynComm rule and formally warns JIL2 about the violations, without imposing any immediate consequences,” states the proposal’s text on #Commonwealth . The proposal implies that #LUNC✅ chain validator JESUSisLORD created a secondary validator node, JESUSisLORD 2, which goes against the chain’s guidelines.
The proposal accuses JESUSisLORD of fragmenting voting power via two different validator nodes to maintain lower commission rates on the chain. If it passes, this proposal will issue a formal warning message to the LUNC validator, giving time for corrective action.
#USNonFarmPayrollReport #DOGSONBINANCE
🌖 Proposal to Address Violation of #TerraLunaClassic Rule
A Terra Luna Classic community member has submitted a proposal for discussion in a commonwealth forum alleging that JESUSisLORD 2 (JIL2) validator is violating the #Network rule. He claimed that the validator has created a secondary validator under the same entity to circumvent the rule, violating DynComm rule.
#LUNC✅ community members agree this behavior sets a harmful precedent, while some argue that the rule regarding second validator doesn’t explicitly exist. Instead of immediate punitive actions, the proposal aims to give a formal warning to the validator, without imposing immediate consequences.
Terra Luna Classic community implemented the dynamic commission to promote fairness and prevent #centralization . This rule dynamically adjusts the commission rate based on a validator’s voting power, allowing distribution among other validators.
Happy Catty Crypto, another $LUNC validator with high voting power, noted that the chain is subjected to a significant amount of abuse. He revealed that a community member Rexyz operates three nodes, one for each division of his project. Other members also agree with cleaning the chain to maintain ethical standards.
#DOGSONBINANCE
A Terra Luna Classic community member has submitted a proposal for discussion in a commonwealth forum alleging that JESUSisLORD 2 (JIL2) validator is violating the #Network rule. He claimed that the validator has created a secondary validator under the same entity to circumvent the rule, violating DynComm rule.
#LUNC✅ community members agree this behavior sets a harmful precedent, while some argue that the rule regarding second validator doesn’t explicitly exist. Instead of immediate punitive actions, the proposal aims to give a formal warning to the validator, without imposing immediate consequences.
Terra Luna Classic community implemented the dynamic commission to promote fairness and prevent #centralization . This rule dynamically adjusts the commission rate based on a validator’s voting power, allowing distribution among other validators.
Happy Catty Crypto, another $LUNC validator with high voting power, noted that the chain is subjected to a significant amount of abuse. He revealed that a community member Rexyz operates three nodes, one for each division of his project. Other members also agree with cleaning the chain to maintain ethical standards.
#DOGSONBINANCE
🌖 #LUNC✅ News: Validators Violating Chain Rules, #TerraLunaClassic Price Slips
$LUNC News: The community members have claimed that some validators are apparently violating the chain rules. A proposal is suggested regarding the violation of the dynamic commission (DynComm) rule by validator “JESUSisLORD 2”. Meanwhile, Terra Luna Classic price has dropped another 2% over the last day amid broader crypto market uncertainty.
#DOGSONBINANCE #TON #TelegramCEO
$LUNC News: The community members have claimed that some validators are apparently violating the chain rules. A proposal is suggested regarding the violation of the dynamic commission (DynComm) rule by validator “JESUSisLORD 2”. Meanwhile, Terra Luna Classic price has dropped another 2% over the last day amid broader crypto market uncertainty.
#DOGSONBINANCE #TON #TelegramCEO
Binance Burns 1.2B LUNC, But Terra Classic Price Struggles to Rebound: Here’s Why 🔥📉
Binance, one of the world's largest cryptocurrency exchanges, recently made headlines by burning a staggering 1.2 billion Terra Classic (LUNC) tokens. This move was part of an ongoing effort to reduce the circulating supply of LUNC and potentially boost its price. However, despite this significant burn, the price of Terra Classic has continued to struggle. So, what’s going on? Let’s explore the reasons behind this lackluster price performance.
The Purpose of the LUNC Burn 🔥
👇👇👇
$LUNC
Token burns are a common practice in the crypto world, where a portion of the cryptocurrency's supply is permanently removed from circulation. The goal is to create scarcity, which theoretically should drive up the token’s value. Binance’s decision to burn 1.2 billion LUNC tokens was aimed at reducing the supply and helping the Terra Classic ecosystem recover after its dramatic collapse in 2022.
This burn was one of the largest to date, showing Binance’s commitment to supporting the LUNC community. However, the impact on price has been underwhelming, leaving many investors wondering why the market hasn’t responded more positively.
Why Is Terra Classic Struggling to Rebound? 🤔
Several factors could be contributing to Terra Classic’s price struggles, despite the massive token burn:
1. Market Sentiment: The overall sentiment around Terra Classic remains cautious. After the infamous collapse of Terra (LUNA) and its stablecoin UST, many investors are still wary of getting involved with the project. This lingering mistrust continues to weigh on LUNC’s price, despite efforts to revive the ecosystem.
2. Supply and Demand Dynamics: While the token burn reduces the supply, it doesn’t automatically create demand. For the price to rise, there needs to be increased buying interest in LUNC, which hasn’t materialized to the extent needed. Without a significant influx of new investors or renewed interest from existing holders, the price is likely to remain stagnant.
3. Broader Market Conditions: The crypto market as a whole has been experiencing volatility and uncertainty. Factors such as regulatory concerns, macroeconomic conditions, and fluctuating investor confidence have made it challenging for many cryptocurrencies to gain momentum. LUNC is no exception, and its price struggles are partly a reflection of the broader market environment.
4. Project Uncertainty: Terra Classic is still in a phase of rebuilding and restructuring after its catastrophic collapse. While there are efforts to restore confidence and utility in the project, uncertainty about its long-term viability persists. Investors may be hesitant to commit to LUNC until there is more clarity on its future direction.
👇👇👇
$LUNC
What’s Next for Terra Classic? 🔮
The recent burn by Binance is a positive step for LUNC, but it’s clear that more needs to be done to drive a sustainable price recovery. The Terra Classic community and developers must focus on rebuilding trust, enhancing the project’s utility, and creating real-world use cases that can attract new users and investors.
Additionally, broader market conditions will play a crucial role in LUNC’s future price movements. If the overall crypto market starts to recover, it could provide the tailwind needed for Terra Classic to rebound. However, without these catalysts, the token may continue to face an uphill battle.
Final Thoughts 🏁
The 1.2 billion LUNC burn by Binance is a significant event, but it’s not a magic bullet for Terra Classic’s price struggles. While the burn reduces supply, it doesn’t address the underlying challenges facing the project. For Terra Classic to regain its footing, it will require a combination of improved market sentiment, strategic developments within the project, and a supportive broader crypto market.
For now, LUNC holders and potential investors should keep a close eye on these factors as they consider their next moves. As always in the crypto world, patience and a long-term perspective are key.
👇👇👇
$LUNC
#Lunc2TheMoonSoon #LUNC✅ #TerraLabs #BinanceSquareFamily #SuperMacho
The Purpose of the LUNC Burn 🔥
👇👇👇
$LUNC
Token burns are a common practice in the crypto world, where a portion of the cryptocurrency's supply is permanently removed from circulation. The goal is to create scarcity, which theoretically should drive up the token’s value. Binance’s decision to burn 1.2 billion LUNC tokens was aimed at reducing the supply and helping the Terra Classic ecosystem recover after its dramatic collapse in 2022.
This burn was one of the largest to date, showing Binance’s commitment to supporting the LUNC community. However, the impact on price has been underwhelming, leaving many investors wondering why the market hasn’t responded more positively.
Why Is Terra Classic Struggling to Rebound? 🤔
Several factors could be contributing to Terra Classic’s price struggles, despite the massive token burn:
1. Market Sentiment: The overall sentiment around Terra Classic remains cautious. After the infamous collapse of Terra (LUNA) and its stablecoin UST, many investors are still wary of getting involved with the project. This lingering mistrust continues to weigh on LUNC’s price, despite efforts to revive the ecosystem.
2. Supply and Demand Dynamics: While the token burn reduces the supply, it doesn’t automatically create demand. For the price to rise, there needs to be increased buying interest in LUNC, which hasn’t materialized to the extent needed. Without a significant influx of new investors or renewed interest from existing holders, the price is likely to remain stagnant.
3. Broader Market Conditions: The crypto market as a whole has been experiencing volatility and uncertainty. Factors such as regulatory concerns, macroeconomic conditions, and fluctuating investor confidence have made it challenging for many cryptocurrencies to gain momentum. LUNC is no exception, and its price struggles are partly a reflection of the broader market environment.
4. Project Uncertainty: Terra Classic is still in a phase of rebuilding and restructuring after its catastrophic collapse. While there are efforts to restore confidence and utility in the project, uncertainty about its long-term viability persists. Investors may be hesitant to commit to LUNC until there is more clarity on its future direction.
👇👇👇
$LUNC
What’s Next for Terra Classic? 🔮
The recent burn by Binance is a positive step for LUNC, but it’s clear that more needs to be done to drive a sustainable price recovery. The Terra Classic community and developers must focus on rebuilding trust, enhancing the project’s utility, and creating real-world use cases that can attract new users and investors.
Additionally, broader market conditions will play a crucial role in LUNC’s future price movements. If the overall crypto market starts to recover, it could provide the tailwind needed for Terra Classic to rebound. However, without these catalysts, the token may continue to face an uphill battle.
Final Thoughts 🏁
The 1.2 billion LUNC burn by Binance is a significant event, but it’s not a magic bullet for Terra Classic’s price struggles. While the burn reduces supply, it doesn’t address the underlying challenges facing the project. For Terra Classic to regain its footing, it will require a combination of improved market sentiment, strategic developments within the project, and a supportive broader crypto market.
For now, LUNC holders and potential investors should keep a close eye on these factors as they consider their next moves. As always in the crypto world, patience and a long-term perspective are key.
👇👇👇
$LUNC
#Lunc2TheMoonSoon #LUNC✅ #TerraLabs #BinanceSquareFamily #SuperMacho
🌖 LUNC Price Falls Below Support Amid the News
#TerraLunaClassic ecosystem tokens saw a massive selloff amid the broader crypto market meltdown. $LUNC and $USTC prices dropped 14% as traders liquidated long positions despite the opening of Shuttle Bridge by Terraform Labs.
#LUNC✅ price failed to hold above the $0.000080 support in the last 24 hours amid market uncertainty, with the price currently trading at $0.00007907. The 24-hour low and high are $0.00007738 and $0.00008084, respectively. Moreover, trading volume has slipped by 32% in the last 24 hours.
Terra Luna Classic price shows weakness as it trades under 50-DMA (red). It has also slipped below the descending trendline, indicating the price is under pressure with RSI also sliding lower.
Meanwhile, #USTC price climbed more than 2%, with the price now trading at $0.0161. Traders are buying the dip as the price dropped 14% in a week. However, the trading volume saw a 47% drop over the last day.
#NFPWatch #USDataImpact
#TerraLunaClassic ecosystem tokens saw a massive selloff amid the broader crypto market meltdown. $LUNC and $USTC prices dropped 14% as traders liquidated long positions despite the opening of Shuttle Bridge by Terraform Labs.
#LUNC✅ price failed to hold above the $0.000080 support in the last 24 hours amid market uncertainty, with the price currently trading at $0.00007907. The 24-hour low and high are $0.00007738 and $0.00008084, respectively. Moreover, trading volume has slipped by 32% in the last 24 hours.
Terra Luna Classic price shows weakness as it trades under 50-DMA (red). It has also slipped below the descending trendline, indicating the price is under pressure with RSI also sliding lower.
Meanwhile, #USTC price climbed more than 2%, with the price now trading at $0.0161. Traders are buying the dip as the price dropped 14% in a week. However, the trading volume saw a 47% drop over the last day.
#NFPWatch #USDataImpact
Is it Time to Buy the $LUNC Dip? 🧐
With Terraport reviving the ecosystem and the community pushing for independence, $LUNC could be on the rise. 📈
Key points:
1. DEX and Token Factory: Terraport is expanding LUNC's capabilities.
2. Community-Driven: The Terra Rebels are leading the charge for development.
3. Independence: LUNC is breaking free from TFL and Do Kwon.
DYOR and decide if this is the right time to invest!
#LUNC. #terraClassicLunc #cryptocurrency #DEFI #Investment #Opportunity
With Terraport reviving the ecosystem and the community pushing for independence, $LUNC could be on the rise. 📈
Key points:
1. DEX and Token Factory: Terraport is expanding LUNC's capabilities.
2. Community-Driven: The Terra Rebels are leading the charge for development.
3. Independence: LUNC is breaking free from TFL and Do Kwon.
DYOR and decide if this is the right time to invest!
#LUNC. #terraClassicLunc #cryptocurrency #DEFI #Investment #Opportunity
My Daily Commitment to LUNC: Investing for the Future
LUNC is the only coin I trust and invest in every day. I believe in its potential and am committed to being a part of its journey. Each investment is a step towards a brighter future, as I watch LUNC grow and evolve in the ever-changing crypto landscape. Join me in this exciting journey on Binance, where LUNC is more than just an asset—it's a commitment to the future.
#Lunc2TheMoonSoon #LUNC✅ #lunccomunity #CryptoMarketMoves #TON $LUNC
LUNC is the only coin I trust and invest in every day. I believe in its potential and am committed to being a part of its journey. Each investment is a step towards a brighter future, as I watch LUNC grow and evolve in the ever-changing crypto landscape. Join me in this exciting journey on Binance, where LUNC is more than just an asset—it's a commitment to the future.
#Lunc2TheMoonSoon #LUNC✅ #lunccomunity #CryptoMarketMoves #TON $LUNC
Crypto Whale Reveals Massive Terra Classic (LUNC) Holdings – Strongest Community in the Crypto Market
The Terra Classic (LUNC) community continues to solidify its reputation as one of the most resilient forces in the crypto market. Recently, a prominent crypto whale disclosed significant LUNC holdings, signaling strong confidence in its future. With the upcoming bull market on the horizon, many believe that Terra Classic is poised to reach new all-time highs, driven by its dedicated community and increasing investor interest. The momentum is building, and LUNC could be one of the standout performers in the next market rally.
#LUNCcommunity #LUNC✅ #LUNAUpdate #CryptoNewsCommunity #CryptoMarketMoves $LUNC $LUNA
The Terra Classic (LUNC) community continues to solidify its reputation as one of the most resilient forces in the crypto market. Recently, a prominent crypto whale disclosed significant LUNC holdings, signaling strong confidence in its future. With the upcoming bull market on the horizon, many believe that Terra Classic is poised to reach new all-time highs, driven by its dedicated community and increasing investor interest. The momentum is building, and LUNC could be one of the standout performers in the next market rally.
#LUNCcommunity #LUNC✅ #LUNAUpdate #CryptoNewsCommunity #CryptoMarketMoves $LUNC $LUNA
🌖 LUNA And LUNC Prices To Rally?
The decision to burn a substantial amount of LUNA has fueled optimism among investors and the Terra community. Token burns typically reduce the circulating supply, which can create upward pressure on prices if demand remains constant or increases.
Having said that, many are speculating that #LUNA✅ and #LUNC✅ could experience a significant price rally following TFL’s latest announcement. Notably, 98.55% of the total votes were cast in favor of the proposal, with only 1.45% vote for Abstain.
Meanwhile, as TFL steps back, the Terra blockchain’s future will increasingly rely on community-led initiatives. The #Phoenix Directive, set to take over operational responsibilities, will play a crucial role in guiding the network’s evolution.
However, as of writing, $LUNC price was down nearly 5% to $0.00008412, with its trading volume declining 52.56% to $17.81 million over the last 24 hours. On the other hand, the $LUNA price was down 3.83% to $0.3707, after touching a high of $0.3889 in the last 24 hours.
Simultaneously, the LUNA Open Interest (OI) dropped over 7% to $4.96 million, while the LUNC OI plunged 11% to $7.57 million, #Coinglass data showed. Despite the recent downturn momentum, the community anticipates a rebound in the prices, given the optimism over the major token burn ahead.
#DOGSONBINANCE
The decision to burn a substantial amount of LUNA has fueled optimism among investors and the Terra community. Token burns typically reduce the circulating supply, which can create upward pressure on prices if demand remains constant or increases.
Having said that, many are speculating that #LUNA✅ and #LUNC✅ could experience a significant price rally following TFL’s latest announcement. Notably, 98.55% of the total votes were cast in favor of the proposal, with only 1.45% vote for Abstain.
Meanwhile, as TFL steps back, the Terra blockchain’s future will increasingly rely on community-led initiatives. The #Phoenix Directive, set to take over operational responsibilities, will play a crucial role in guiding the network’s evolution.
However, as of writing, $LUNC price was down nearly 5% to $0.00008412, with its trading volume declining 52.56% to $17.81 million over the last 24 hours. On the other hand, the $LUNA price was down 3.83% to $0.3707, after touching a high of $0.3889 in the last 24 hours.
Simultaneously, the LUNA Open Interest (OI) dropped over 7% to $4.96 million, while the LUNC OI plunged 11% to $7.57 million, #Coinglass data showed. Despite the recent downturn momentum, the community anticipates a rebound in the prices, given the optimism over the major token burn ahead.
#DOGSONBINANCE
🌖 The range-bound price action continues
#LUNACLASSIC has traded within the $0.0000637-$0.0000964 range since early July. Its most recent attempt the break the range highs met with failure. According to the Awesome Oscillator, the momentum was bullish but weakening.
The #OBV was unable to break the highs from July, which meant the #buying volume was not large enough to boost the chances of a #LUNC✅ breakout.
The current market price was still above the mid-range support level. It is unclear if prices can hold this level or will be headed for a deeper price drop. The liquidity charts offered some clues.
#TON
#LUNACLASSIC has traded within the $0.0000637-$0.0000964 range since early July. Its most recent attempt the break the range highs met with failure. According to the Awesome Oscillator, the momentum was bullish but weakening.
The #OBV was unable to break the highs from July, which meant the #buying volume was not large enough to boost the chances of a #LUNC✅ breakout.
The current market price was still above the mid-range support level. It is unclear if prices can hold this level or will be headed for a deeper price drop. The liquidity charts offered some clues.
#TON
Terraform Labs’ Final Upgrade Could boost #LUNA✅ and #LUNC✅ prices
The TFL’s governance proposal, known as Proposal 4818, began on August 22 and will conclude on August 29. This potential final upgrade under #TerraformLabs ’ direct oversight includes critical changes such as a significant token burn, a 5% minimum commission rate for validators, and the removal of blacklist functionality. With strong community backing, these updates aim to reduce $LUNA ’s supply and resolve past issues, possibly sparking a price rally for LUNA and $LUNC .
As Terraform Labs steps back, the Terra blockchain’s future will depend on community-driven efforts like the Phoenix Directive. While LUNA and LUNC prices have dipped recently, optimism remains high for a potential price rally following the token burn.
Currently, according to CoinMarketCap, #TerraClassic (LUNC) is trading at $0.00008214, having declined by 3.53% in the past day and surged by 2.63% in the past week. See the LUNC price chart below.
#DOGSONBINANCE
The TFL’s governance proposal, known as Proposal 4818, began on August 22 and will conclude on August 29. This potential final upgrade under #TerraformLabs ’ direct oversight includes critical changes such as a significant token burn, a 5% minimum commission rate for validators, and the removal of blacklist functionality. With strong community backing, these updates aim to reduce $LUNA ’s supply and resolve past issues, possibly sparking a price rally for LUNA and $LUNC .
As Terraform Labs steps back, the Terra blockchain’s future will depend on community-driven efforts like the Phoenix Directive. While LUNA and LUNC prices have dipped recently, optimism remains high for a potential price rally following the token burn.
Currently, according to CoinMarketCap, #TerraClassic (LUNC) is trading at $0.00008214, having declined by 3.53% in the past day and surged by 2.63% in the past week. See the LUNC price chart below.
#DOGSONBINANCE
Terra Luna Classic Faces Challenges as Validators Violate Chain Rules
The Terra Luna Classic (LUNC) price recently dropped by over 4%, falling below key support levels to approximately $0.00006. This decline comes amid controversy within the community, where validators are accused of violating the chain's dynamic commission (DynComm) rules. The situation has raised concerns about the integrity of the network, leading to proposals for formal warnings against the offending validators. Maintaining ethical standards among validators is crucial to preventing further instability in LUNC’s price.
$LUNC $LUNA #CryptoMarketMoves #BinanceBlockchainWeek #LUNC✅ #lunc #Lunc2TheMoonSoon
The Terra Luna Classic (LUNC) price recently dropped by over 4%, falling below key support levels to approximately $0.00006. This decline comes amid controversy within the community, where validators are accused of violating the chain's dynamic commission (DynComm) rules. The situation has raised concerns about the integrity of the network, leading to proposals for formal warnings against the offending validators. Maintaining ethical standards among validators is crucial to preventing further instability in LUNC’s price.
$LUNC $LUNA #CryptoMarketMoves #BinanceBlockchainWeek #LUNC✅ #lunc #Lunc2TheMoonSoon
Big move expected in #Lunc2TheMoonSoon buy more if you can. To all the people who still hold $LUNC 🔥🔥🔥.
#BinanceSquareFamily #doge⚡ #LUNC✅ $DOGS $TON
#BinanceSquareFamily #doge⚡ #LUNC✅ $DOGS $TON
Is Terra Classic (LUNC) the Next Big Thing? Analyst Sees Path to $0.00059
Terra Classic (LUNC) has been making headlines once again as analysts predict a potential price surge. Prominent crypto analyst CryptoAura recently shared a bullish outlook for the token, suggesting that LUNC could be on its way to $0.00059.
Currently trading at around $0.00009179, LUNC has shown signs of recovery in recent weeks. The analyst’s chart analysis indicates a positive trend, with the Relative Strength Index (RSI) suggesting room for further upward movement.
CryptoAura’s statement, “Time to Make Our Way Back to $0.00059 for $LUNC ! The rocket ride is just beginning!” has fueled optimism among LUNC investors. Reaching this target would represent a significant increase from the current price, offering substantial returns.
Factors Contributing to the Bullish Outlook
Several factors could contribute to LUNC’s potential price surge:
Token Burns: Ongoing token burns have been a major strategy to reduce LUNC’s circulating supply, potentially driving up its value.Market Sentiment: Positive sentiment within the broader cryptocurrency market, especially if Bitcoin maintains its uptrend, could benefit LUNC.Terra Ecosystem Developments: Updates, partnerships, or changes within the Terra ecosystem could impact LUNC’s price.
Challenges and Considerations
While the outlook for LUNC appears promising, it’s essential to consider potential challenges:
Market Volatility: The cryptocurrency market remains highly volatile, and external factors could influence LUNC’s price.Regulatory Environment: Changes in regulatory policies could impact the overall cryptocurrency market, including LUNC.Community Support: Continued community support and adoption are crucial for LUNC’s long-term success.
Conclusion
CryptoAura’s prediction of a bullish run for LUNC has sparked interest among investors. While the token’s future price is influenced by various factors, the current indicators suggest a positive outlook. However, it’s crucial to approach investments with caution and conduct thorough research before making any decisions.
#LUNC✅ #LUNC $LUNC #CryptoNewss
Currently trading at around $0.00009179, LUNC has shown signs of recovery in recent weeks. The analyst’s chart analysis indicates a positive trend, with the Relative Strength Index (RSI) suggesting room for further upward movement.
CryptoAura’s statement, “Time to Make Our Way Back to $0.00059 for $LUNC ! The rocket ride is just beginning!” has fueled optimism among LUNC investors. Reaching this target would represent a significant increase from the current price, offering substantial returns.
Factors Contributing to the Bullish Outlook
Several factors could contribute to LUNC’s potential price surge:
Token Burns: Ongoing token burns have been a major strategy to reduce LUNC’s circulating supply, potentially driving up its value.Market Sentiment: Positive sentiment within the broader cryptocurrency market, especially if Bitcoin maintains its uptrend, could benefit LUNC.Terra Ecosystem Developments: Updates, partnerships, or changes within the Terra ecosystem could impact LUNC’s price.
Challenges and Considerations
While the outlook for LUNC appears promising, it’s essential to consider potential challenges:
Market Volatility: The cryptocurrency market remains highly volatile, and external factors could influence LUNC’s price.Regulatory Environment: Changes in regulatory policies could impact the overall cryptocurrency market, including LUNC.Community Support: Continued community support and adoption are crucial for LUNC’s long-term success.
Conclusion
CryptoAura’s prediction of a bullish run for LUNC has sparked interest among investors. While the token’s future price is influenced by various factors, the current indicators suggest a positive outlook. However, it’s crucial to approach investments with caution and conduct thorough research before making any decisions.
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