Latest Updates on $LUNC TERRA LUNA CLASSIC developments and Price Forecast
The native token of the first Terra #blockchain , Luna Classic ($LUNC ), is currently trading for around $0.00006, with a sizable 24-hour trading volume indicating increased investor interest. The community's efforts to decrease the amount of Terra Luna Classic (LUNC) in circulation have reached a crucial milestone, according to the most recent updates. With an average of 400 million LUNC burned per week, the Terra Luna Classic community has burned 76 billion LUNC in total. Major #cryptocurrency exchange #Binance has contributed to this endeavour by burning over 1 billion LUNC tokens in the 14th batch of their LUNC burn mechanism, increasing the firm's total LUNC burned to over 38.81 billion.In other #cryptonews , the developer team Terra Rebels has declared that Terra Station, the wallet for Luna Classic, will no longer receive updates. This choice was made after the group's $15,000 per month spending proposal was turned down by the Terra Luna Classic community.According to the Terra Rebels, they will soon extend their offerings to other ecosystems. They will rename the Terra Classic station Galaxy Station as part of this expansion. They will also send the Layer 1 development team the Terra Station code.The Terra Rebels have made it clear that they are staying in the neighbourhood even if they have stopped supporting Terra Station. Instead, they are only enhancing their wallet and services to help the Terra Luna Classic ecosystem of the Cosmos blockchain.Galaxy Station, a wallet owned by the Terra Luna Classic community, and Galaxy Finder, a blockchain explorer, are now available. However, the price of LUNC dropped 3% in the previous day and is now trading at $0.000056. The low and high values for the past 24 hours are $0.0000556 and $0.0000583, respectively. Last week, Terra Luna Classic was unable to hold above the $0.000060 support level and sank further as a result of unpredictability.Despite this, Terra Luna Classic's price forecast for October 2023 projects #LUNC to trade at a maximum price of $0.28 and an average price of $0.26.In conclusion, the fate of the Terra Luna Classic ecosystem is still up in the air and will be determined by the actions taken by the community and remaining developers. The community is still working to reduce the amount of LUNC that is in circulation, despite the difficulties, and there may still be interest in and support for the Terra Luna Classic ecosystem.