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LUNC Price: Why Buy Terra Classic Amid Bloodshed And Uncertainty
The recent downturn in Terra Classic's price reflects a broader market consolidation. Proposal 12093 suggests establishing a dedicated core team to guide Terra Classic's future, addressing concerns after the dissolution of the Joint L1 Task Force. Despite the current market uncertainty, a break above $0.00018 could signal a bullish trend, challenging resistance levels at $0.00019. Conversely, doubts might push the price down to $0.00011, with technical indicators showing a neutral sentiment but with a potential narrowing volatility range and a possible breakout ahead
New LUNA Coin Surges While Terra Controversy Escalates
The Terra token has surged in value following its launch, doubling in price despite growing controversy surrounding the project and its founders. The surge came after an airdrop of Terra 2.0’s $LUNA to holders of the defunct #TerraClassic chain's tokens. However, the distribution faced criticism, with some users receiving less than expected.
Issues continue to mount for Terra, including a $90M exploit discovered in the Mirror Protocol and ongoing attacks on the #Network . Allegations of tax evasion by Terra executives further tarnish the project's reputation. Despite the surge in value, concerns persist about the project's stability and management.
