LUNC (Terra Luna Classic) has become a hot topic again, driven by several positive factors that have the potential to soar its price to $1. Let's look at the review:
1. Successful Token Burning Program:
The LUNC token burning program has reached an important milestone by burning more than 100 billion tokens. This gradually reduces the amount of LUNC in circulation, potentially increasing its value and appeal in the market.
Binance, as a leader in burning programs, has contributed to the burning of 51% of the total LUNC burned.
The next token burn on Binance is scheduled for March 1, 2024, followed by validators and the rest of the LUNC community.
The previous token burn, which reached 2 billion LUNC, had triggered an increase in the price of LUNC. This positive trend is expected to continue, with the potential to touch $0.0002 in early March.
2. Proposal 12073 Approved:
Proposal 12073 which aims to burn 800 million USTC has been approved. This will reduce USTC circulation and potentially have a positive impact on the price of LUNC.
USTC prices themselves jumped 25% after the approval of this proposal, indicating positive market sentiment.
3. Dampak Halving Bitcoin:
The upcoming Bitcoin halving is expected to have a positive impact on the entire crypto market, including LUNC.
Halving events that reduce Bitcoin supply have historically triggered Bitcoin price increases.
The increasing adoption of Bitcoin by institutions has also fueled optimism regarding the increase in Bitcoin prices after the halving.
The increase in Bitcoin is predicted to have an overall positive impact (rising tide lifts all boats) on the crypto market, including LUNC.
Conclusion:
The combination of a successful token burning program, approval of Proposal 12073, and positive momentum from the Bitcoin halving, provides strong optimism for LUNC's price upside potential. This development is certainly interesting to follow and respond to with careful analysis before making an investment decision.