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$LUNC (Luna Classic) Market Insight:
- Current Price: $0.00008041
- 24h Surge: +7.16%
- Volume: 388.57B LUNC | 29.84M USDT
LUNC shows a spark of recovery but faces mixed signals against longer-term trends. Traders, keep an eye on resistance levels!
#LunaClassic #LUNC #Crypto #MarketAnalysis #Trading
- Current Price: $0.00008041
- 24h Surge: +7.16%
- Volume: 388.57B LUNC | 29.84M USDT
LUNC shows a spark of recovery but faces mixed signals against longer-term trends. Traders, keep an eye on resistance levels!
#LunaClassic #LUNC #Crypto #MarketAnalysis #Trading
#LUNCcommunity
When people ask me if I would sell my #LUNC bags⊠this is my answer⊠Nothing will make me sell my bags, #HODL that is the key đ
#LunaClassic #LuncArmy #LuncBurn #LUNCLIVENEWS #LunaClassicDAO
When people ask me if I would sell my #LUNC bags⊠this is my answer⊠Nothing will make me sell my bags, #HODL that is the key đ
#LunaClassic #LuncArmy #LuncBurn #LUNCLIVENEWS #LunaClassicDAO
Terraform Labs Accuses Citadel Securities of Stablecoin Collapse
CryptosHeadlines.com - The Leading Crypto Research Network
Terraform Labs, founded by Do Kwon, has once more accused market maker Citadel Securities of being involved in an alleged deliberate attempt to cause the depegging of its stablecoin in 2022.
Legal Action to Obtain Documents from Citadel Securities
Terraform Labs initiated a legal move on October 10, filing a motion in the U.S. District Court for the Southern District of Florida. Their aim is to compel Citadel Securities LLC to produce documents related to their trading activities during May 2022. This timeframe is noteworthy because it aligns with the depegging of Terraform Labsâ stablecoin, now known as TerraUSD Classic (USTC).
Screenshot from filing from Terraform compelling Citadel to provide additional documents. Source: courtlistener
The motion contends that this depegging incident in May 2022, which caused the stablecoinâs value to plummet, was not a result of instability in its underlying algorithm. Rather, Terraform Labs argues that the market destabilization was orchestrated by specific third-party market participants intentionally shorting the stablecoin.
In their filing, Terraform Labs refers to âpublicly available evidenceâ suggesting that Ken Griffin, Citadelâs head, may have had plans to short the stablecoin around the time of the depeg. Itâs worth noting that Citadel Securities has previously denied any trading of the TerraUSD stablecoin during May 2022.
Crucial Documents for Defense
Terraform Labs underscores the critical importance of these documents in their defense against the lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Filed in February, the SECâs lawsuit alleges that Terraform Labs, along with its founder Do Kwon, were involved in a significant crypto asset securities fraud.
The success of Terraform Labsâ defense is at stake if Citadel Securities withholds these essential documents. Should the court fail to compel Citadel to release the trading records, Terraform Labs has formally requested that the matter be transferred to the U.S. District Court for the Southern District of New York. There, Judge Rakoff will make a decision on this matter.
In a related legal development, Terraform Labs had sought permission in July to access data from the now-bankrupt crypto exchange FTX. They believed this information could play a vital role in their defense.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Stablecoin #LunaClassic #USTC
Terraform Labs, founded by Do Kwon, has once more accused market maker Citadel Securities of being involved in an alleged deliberate attempt to cause the depegging of its stablecoin in 2022.
Legal Action to Obtain Documents from Citadel Securities
Terraform Labs initiated a legal move on October 10, filing a motion in the U.S. District Court for the Southern District of Florida. Their aim is to compel Citadel Securities LLC to produce documents related to their trading activities during May 2022. This timeframe is noteworthy because it aligns with the depegging of Terraform Labsâ stablecoin, now known as TerraUSD Classic (USTC).
Screenshot from filing from Terraform compelling Citadel to provide additional documents. Source: courtlistener
The motion contends that this depegging incident in May 2022, which caused the stablecoinâs value to plummet, was not a result of instability in its underlying algorithm. Rather, Terraform Labs argues that the market destabilization was orchestrated by specific third-party market participants intentionally shorting the stablecoin.
In their filing, Terraform Labs refers to âpublicly available evidenceâ suggesting that Ken Griffin, Citadelâs head, may have had plans to short the stablecoin around the time of the depeg. Itâs worth noting that Citadel Securities has previously denied any trading of the TerraUSD stablecoin during May 2022.
Crucial Documents for Defense
Terraform Labs underscores the critical importance of these documents in their defense against the lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Filed in February, the SECâs lawsuit alleges that Terraform Labs, along with its founder Do Kwon, were involved in a significant crypto asset securities fraud.
The success of Terraform Labsâ defense is at stake if Citadel Securities withholds these essential documents. Should the court fail to compel Citadel to release the trading records, Terraform Labs has formally requested that the matter be transferred to the U.S. District Court for the Southern District of New York. There, Judge Rakoff will make a decision on this matter.
In a related legal development, Terraform Labs had sought permission in July to access data from the now-bankrupt crypto exchange FTX. They believed this information could play a vital role in their defense.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Stablecoin #LunaClassic #USTC
Terra Classic (LUNC) Bounces Back Strong: 24% Increase.
Terra Classic (LUNC) has been one of the coins that has responded most rapidly to the recovery in Bitcoin (BTC). In order for the upward momentum in LUNC to continue, the resistance levels that need to be overcome are 0.000101, 0.000105, 0.000111, and 0.000117 dollars, respectively. The areas where buyers can actively participate, on the other hand, are at 0.000093 and 0.0000793 dollars.
#LUNA #TerraLuna #LunaClassic #Luna
Terra Classic (LUNC) has been one of the coins that has responded most rapidly to the recovery in Bitcoin (BTC). In order for the upward momentum in LUNC to continue, the resistance levels that need to be overcome are 0.000101, 0.000105, 0.000111, and 0.000117 dollars, respectively. The areas where buyers can actively participate, on the other hand, are at 0.000093 and 0.0000793 dollars.
#LUNA #TerraLuna #LunaClassic #Luna
Luna Classic Price Prediction: LUNC Prints a Higher Low, Will It Begin to Climb?
The Luna Classic price recorded a second higher low during yesterdayâs trading session, resulting in the formation of a positive trend line on its charts. This could be the early start of a potential bullish rally in the next few days. Should this bullish thesis play out, the altcoin may attempt to flip the resistance level at $0.0000999 into support. A daily candle close above this mark could then give the crypto the foundation needed to rise to the subsequent resistance level at $0.00014915 in the following few days.
A break below the positive trend line could invalidate this bullish thesis. In this alternative scenario, the Luna Classic price may continue to trade within the descending price channel that it has been trapped in over the last few weeks.This could lead to LUNC falling to the immediate support level at $0.00007930 before potentially plummeting down to $0.00005995 if the sell volume persists.Â
Technical indicators on the cryptoâs daily chart suggest that LUNCâs price may slip in the next 24-48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The MACD line is positioned below the MACD Signal line, indicating that the Luna Classic price is in a negative trend. In addition to this, the RSI line is positioned below its Simple Moving Average (SMA) line. This indicates that sellers are currently stronger than buyers on LUNCâs daily chart.
Bearish Pressure Begins to Simmer
Despite the current bearish technical flags, LUNCâs bearish trend and sellersâ strength seem to be cooling off. The RSI is positioned in neutral territory, and is almost parallel to the SMA line. Meanwhile, the MACD line is also trading parallel to the MACD Signal line. As a result, a bullish trend reversal may be in the cards for the Luna Classic price.
#LUNC #LunaClassic $LUNC
The Luna Classic price recorded a second higher low during yesterdayâs trading session, resulting in the formation of a positive trend line on its charts. This could be the early start of a potential bullish rally in the next few days. Should this bullish thesis play out, the altcoin may attempt to flip the resistance level at $0.0000999 into support. A daily candle close above this mark could then give the crypto the foundation needed to rise to the subsequent resistance level at $0.00014915 in the following few days.
A break below the positive trend line could invalidate this bullish thesis. In this alternative scenario, the Luna Classic price may continue to trade within the descending price channel that it has been trapped in over the last few weeks.This could lead to LUNC falling to the immediate support level at $0.00007930 before potentially plummeting down to $0.00005995 if the sell volume persists.Â
Technical indicators on the cryptoâs daily chart suggest that LUNCâs price may slip in the next 24-48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The MACD line is positioned below the MACD Signal line, indicating that the Luna Classic price is in a negative trend. In addition to this, the RSI line is positioned below its Simple Moving Average (SMA) line. This indicates that sellers are currently stronger than buyers on LUNCâs daily chart.
Bearish Pressure Begins to Simmer
Despite the current bearish technical flags, LUNCâs bearish trend and sellersâ strength seem to be cooling off. The RSI is positioned in neutral territory, and is almost parallel to the SMA line. Meanwhile, the MACD line is also trading parallel to the MACD Signal line. As a result, a bullish trend reversal may be in the cards for the Luna Classic price.
#LUNC #LunaClassic $LUNC
Luna Classic Price Prediction: LUNC Falls 5% as It Fails to Detach From Bearish Trend Line
The Luna Classic price dropped out of a consolidation channel over the past week. This was shortly after it was able to break above a medium-term negative trend line that had formed on its charts, with its origin back in Dec. 4, 2023.Â
In just 48 hours after breaching this line, $LUNC saw its price begin to dip. This selling pressure continued in the past 3 days, causing it to currently trade near the $0.00009990 support level. If the sell volume persists, the Luna Classic price may be at risk of losing the $0.00009990 support. This could then open it up to the risk of falling to the subsequent threshold at $0.00007930 in the following couple of days.
This bearish thesis may be invalidated if the Luna Classic price is able to stay above the $0.0000990 support level for the next 72 hours. In this alternative scenario, #LUNC may begin to consolidate around the significant price point before potentially beginning to climb. Should the Luna Classic price begin to rise at this point, it could attempt a challenge at the $0.00014915 resistance level within the following 2 weeks. Continued buy pressure could then boost the altcoinâs value to above this mark, which may then clear a path for the #LunaClassic price to rise to as high as $0.0002.
Traders and investors will want to note that both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The RSI is positioned below its Simple Moving Average (SMA) line, which signals that sellers have the upper hand on LUNCâs daily chart. In addition to this, the MACD line recently crossed below the MACD Signal line. This may be an indication of LUNCâs negative trend continuing in the next few days.#Write2Earn
The Luna Classic price dropped out of a consolidation channel over the past week. This was shortly after it was able to break above a medium-term negative trend line that had formed on its charts, with its origin back in Dec. 4, 2023.Â
In just 48 hours after breaching this line, $LUNC saw its price begin to dip. This selling pressure continued in the past 3 days, causing it to currently trade near the $0.00009990 support level. If the sell volume persists, the Luna Classic price may be at risk of losing the $0.00009990 support. This could then open it up to the risk of falling to the subsequent threshold at $0.00007930 in the following couple of days.
This bearish thesis may be invalidated if the Luna Classic price is able to stay above the $0.0000990 support level for the next 72 hours. In this alternative scenario, #LUNC may begin to consolidate around the significant price point before potentially beginning to climb. Should the Luna Classic price begin to rise at this point, it could attempt a challenge at the $0.00014915 resistance level within the following 2 weeks. Continued buy pressure could then boost the altcoinâs value to above this mark, which may then clear a path for the #LunaClassic price to rise to as high as $0.0002.
Traders and investors will want to note that both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The RSI is positioned below its Simple Moving Average (SMA) line, which signals that sellers have the upper hand on LUNCâs daily chart. In addition to this, the MACD line recently crossed below the MACD Signal line. This may be an indication of LUNCâs negative trend continuing in the next few days.#Write2Earn
Total LUNC Token Burn Approaches Historical High
CryptosHeadlines.com - The Leading Crypto Research Network:
The number of Terra Classic (LUNC) tokens sent to inactive wallets is close to reaching 70 billion.
The official #LunaClassic HQ Twitter page has confirmed that the Terra Classic (LUNC) token burn rate is steadily approaching 70 billion.
Token Burning to Enhance Its Value:
The latest update reveals that approximately 68.3 billion #LUNC tokens have been burned so far, accounting for approximately 0.99% of the total token supply. Of this burned amount, 44.8 billion LUNC tokens have recently been sent to the burning address.
Burning tokens is a common practice in the crypto world to decrease the circulating supply of a specific token. By doing so, the aim is to potentially boost the value of the token through increased market demand. One example of a crypto project that regularly burns excess tokens is the Shiba Inu (SHIB) protocol.
A proposal for burning all Terra Classic tokens from the community pool, along with the tokens reminted from Binanceâs LUNC burn wallet, has been approved.
The main objective of the proposal was to burn a sufficient amount of Terra Classic tokens in order to revive the reputation of the digital currency, which had experienced a detachment from its associated algorithmic stablecoin #USTC.
Binance Joins LUNC Token Burn Campaign:
Binance, a prominent cryptocurrency exchange, has actively participated in the burn campaign. In the latest development, Binance contributed by sending 2.65 billion Terra Classic tokens to an inactive wallet as part of the 11th batch of the LUNC burn mechanism.
During the 11th batch of the LUNC burn, a transaction fee of 13.25 million LUNC was incurred and included in the overall figure. As of July 1st, #Binance, led by Changpeng âCZâ Zhao, had burned over 35.5 billion LUNC tokens, which includes trading fees from LUNC spot and margin trading pairs.
In recent months, the burn rate of LUNC has shown notable improvement, particularly with the participation of projects like DFLunc, TerraCasino, and Cremation Coin in the burn trend. The cumulative effect of these efforts has resulted in the current value of total burned Terra Classic tokens.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
$LUNC $LUNA
The number of Terra Classic (LUNC) tokens sent to inactive wallets is close to reaching 70 billion.
The official #LunaClassic HQ Twitter page has confirmed that the Terra Classic (LUNC) token burn rate is steadily approaching 70 billion.
Token Burning to Enhance Its Value:
The latest update reveals that approximately 68.3 billion #LUNC tokens have been burned so far, accounting for approximately 0.99% of the total token supply. Of this burned amount, 44.8 billion LUNC tokens have recently been sent to the burning address.
Burning tokens is a common practice in the crypto world to decrease the circulating supply of a specific token. By doing so, the aim is to potentially boost the value of the token through increased market demand. One example of a crypto project that regularly burns excess tokens is the Shiba Inu (SHIB) protocol.
A proposal for burning all Terra Classic tokens from the community pool, along with the tokens reminted from Binanceâs LUNC burn wallet, has been approved.
The main objective of the proposal was to burn a sufficient amount of Terra Classic tokens in order to revive the reputation of the digital currency, which had experienced a detachment from its associated algorithmic stablecoin #USTC.
Binance Joins LUNC Token Burn Campaign:
Binance, a prominent cryptocurrency exchange, has actively participated in the burn campaign. In the latest development, Binance contributed by sending 2.65 billion Terra Classic tokens to an inactive wallet as part of the 11th batch of the LUNC burn mechanism.
During the 11th batch of the LUNC burn, a transaction fee of 13.25 million LUNC was incurred and included in the overall figure. As of July 1st, #Binance, led by Changpeng âCZâ Zhao, had burned over 35.5 billion LUNC tokens, which includes trading fees from LUNC spot and margin trading pairs.
In recent months, the burn rate of LUNC has shown notable improvement, particularly with the participation of projects like DFLunc, TerraCasino, and Cremation Coin in the burn trend. The cumulative effect of these efforts has resulted in the current value of total burned Terra Classic tokens.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
$LUNC $LUNA
All it takes is one call and $LUNC goes parabolic. #Binance  đ· is the largest holder, they burn #LUNC every month, and CZ sees the opportunity with #LunaClassic . Send it! đ
Terra Classic Community Rejects KYC Proposal; LUNC and USTC Rally Timeline?
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Read here: https://www.binance.com/en/square/post/5791218008417
#LUNC #Altcoin #Cryptocurrency #CryptoNews #LunaClassic $LUNC $USTC $LUNA
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Read here: https://www.binance.com/en/square/post/5791218008417
#LUNC #Altcoin #Cryptocurrency #CryptoNews #LunaClassic $LUNC $USTC $LUNA
Luna Classic Price Prediction: LUNC Surges 7% And Could Breakout to the Upside Soon
A symmetrical triangle has formed on the 4-hour chart for $LUNC . This specific chart pattern suggests that the Luna Classic price may breakout in the next few hours. Should this move be towards the upside, the cryptoâs value may attempt a challenge at the strong resistance level at $0.00014915. A break above this threshold could then give the Luna Classic price the foundation needed to potentially rise to as high as $0.0002.
On the other hand, a strong bearish move could lead to LUNC plummeting all the way down to $0.0000999. If sellers decide to continue exerting sell pressure on the cryptocurrency, the altcoin could even retest the subsequent support level at $0.00007930 in the short term.
Technicals Support a Bullish Outlook
Technical indicators suggested that the Luna Classic price may rise in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish.Â
The MACD line was breaking away above the MACD Signal line. This is a positive technical flag which suggests that the cryptocurrencyâs bullish trend may continue. Meanwhile, the RSI was breaking away above its Simple Moving Average (SMA) line. Normally, this is taken as a sign of increasing buyer strength against bears.
#LunaClassic #LUNC
A symmetrical triangle has formed on the 4-hour chart for $LUNC . This specific chart pattern suggests that the Luna Classic price may breakout in the next few hours. Should this move be towards the upside, the cryptoâs value may attempt a challenge at the strong resistance level at $0.00014915. A break above this threshold could then give the Luna Classic price the foundation needed to potentially rise to as high as $0.0002.
On the other hand, a strong bearish move could lead to LUNC plummeting all the way down to $0.0000999. If sellers decide to continue exerting sell pressure on the cryptocurrency, the altcoin could even retest the subsequent support level at $0.00007930 in the short term.
Technicals Support a Bullish Outlook
Technical indicators suggested that the Luna Classic price may rise in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish.Â
The MACD line was breaking away above the MACD Signal line. This is a positive technical flag which suggests that the cryptocurrencyâs bullish trend may continue. Meanwhile, the RSI was breaking away above its Simple Moving Average (SMA) line. Normally, this is taken as a sign of increasing buyer strength against bears.
#LunaClassic #LUNC
Remember $LUNC army if you vote yes to $LUNA proposal #11597 $USTC quant team you are paying a individual $3,000 a month who previously attacked
, other validators, and engaged in causing chaos within the #LunaClassic community. Donât reward bad behavior. NO!đȘ #CryptonResearchBot
, other validators, and engaged in causing chaos within the #LunaClassic community. Donât reward bad behavior. NO!đȘ #CryptonResearchBot
See original
LUNC L1 Dev team members DOXXed
If you missed this mornings live stream, and for some reason you are not following the ongoing of the Luna Classic $LUNC project, they you will have missed the havvock that some bad players in the #crypto world are spreading.
Two of the main developers for the #LUNC project have decided to step away from the project as they were being blackmailed by those trying to hemper the progress of the #LunaClassic Blockchain.
The revival of$LUNC poses a threat to , now essentially a useless token supported only by those who have been gulled into it out of necessity more than anything else.
#Binance who holds more than 3million #LunaClassic tokens that they acquired in 2020, prior to #LUNC run up, are still holding the stash and doing the best a trading platform can do to support the project.
https://www.youtube.com/live/zwXfwRLp_1g?feature=share
Two of the main developers for the #LUNC project have decided to step away from the project as they were being blackmailed by those trying to hemper the progress of the #LunaClassic Blockchain.
The revival of$LUNC poses a threat to , now essentially a useless token supported only by those who have been gulled into it out of necessity more than anything else.
#Binance who holds more than 3million #LunaClassic tokens that they acquired in 2020, prior to #LUNC run up, are still holding the stash and doing the best a trading platform can do to support the project.
https://www.youtube.com/live/zwXfwRLp_1g?feature=share
$LUNC Start with strongly algorithmic stablecoin again. Don't miss Terra Classic BUY & HOLD in your Binance Exchange wallet.
congratulations All Lunc holders #CryptoNewsđđ„ #BTC #Ethereumâ
I believe in #LUNCđ„ #LunaClassic
congratulations All Lunc holders #CryptoNewsđđ„ #BTC #Ethereumâ
I believe in #LUNCđ„ #LunaClassic
Luna Classic Price Prediction: LUNC Posts Slight 24H Gain, but Could It Rise to $0.0002 Soon?
The Luna Classic price was able to break out of a medium-term negative trend and has entered into a consolidation channel over the past week. As the heavy sell pressure on the altcoin seems to be taking a break, bulls could soon begin to scoop up $LUNC . This may then boost the Luna Classic price to the closest resistance level at $0.00014915 in the upcoming days. Another possible scenario is that LUNC continues to consolidate for the next week. This may be an accumulation phase before a pump to the upside.Â
Either way, the crypto may attempt a challenge at the $0.00014915 resistance level. A daily candle close above this threshold could then establish the foundation needed to rise to the next major barrier at $0.0002 through the course of the following week.
This bullish thesis will remain in play for as long as #LUNC does not drop out below the current consolidation channel. Should it break below this zone, it may correct down to the immediate support at $0.0000999. Continued sell pressure may then drag the #LunaClassic price down to $0.00007930 in the following few days.
LUNC Technicals Suggest Bullish Reversal Could Soon Take Place
Traders and investors will want to note that technical indicators on LUNCâs daily chart are flagging bullish. The Relative Strength Index (RSI) indicator shows that buyers are stronger than sellers. This is evident in the fact that the RSI line is positioned above its Simple Moving Average (SMA) line. In addition to this, the RSI line is positively sloped, which suggests that buyers are starting to accumulate more strength.
Meanwhile, a significant bullish technical flag is on the cusp of being triggered by the Moving Average Convergence Divergence (MACD) indicator. The MACD line is looking to cross above the MACD Signal line. Should these two technical indicators intersect in the next 48 hours, it will signal that the Luna Classic price has finally entered into a bullish cycle following the medium-term downtrend.
The Luna Classic price was able to break out of a medium-term negative trend and has entered into a consolidation channel over the past week. As the heavy sell pressure on the altcoin seems to be taking a break, bulls could soon begin to scoop up $LUNC . This may then boost the Luna Classic price to the closest resistance level at $0.00014915 in the upcoming days. Another possible scenario is that LUNC continues to consolidate for the next week. This may be an accumulation phase before a pump to the upside.Â
Either way, the crypto may attempt a challenge at the $0.00014915 resistance level. A daily candle close above this threshold could then establish the foundation needed to rise to the next major barrier at $0.0002 through the course of the following week.
This bullish thesis will remain in play for as long as #LUNC does not drop out below the current consolidation channel. Should it break below this zone, it may correct down to the immediate support at $0.0000999. Continued sell pressure may then drag the #LunaClassic price down to $0.00007930 in the following few days.
LUNC Technicals Suggest Bullish Reversal Could Soon Take Place
Traders and investors will want to note that technical indicators on LUNCâs daily chart are flagging bullish. The Relative Strength Index (RSI) indicator shows that buyers are stronger than sellers. This is evident in the fact that the RSI line is positioned above its Simple Moving Average (SMA) line. In addition to this, the RSI line is positively sloped, which suggests that buyers are starting to accumulate more strength.
Meanwhile, a significant bullish technical flag is on the cusp of being triggered by the Moving Average Convergence Divergence (MACD) indicator. The MACD line is looking to cross above the MACD Signal line. Should these two technical indicators intersect in the next 48 hours, it will signal that the Luna Classic price has finally entered into a bullish cycle following the medium-term downtrend.
Terra Luna Classic Chooses CertiK for Secure L1 Development
The Terra Luna Classic community has approved a proposal to integrate CertiK as a recognized provider for Know Your Customer (KYC) services. This decision could potentially lead to a recovery in the prices of LUNC and USTC tokens.
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The Terra Luna Classic community approved adding CertiK as a KYC provider for developers, aiming to enhance security. Developers must undergo KYC verification before starting any significant work on the platform.
Community Approves CertiK as KYC Provider
Proposal 12058, titled âAdd CertiK as a recognized KYC provider,â has successfully surpassed the pass threshold, gaining significant support from the Terra Luna Classic community. The fact that it passed before the February 18 deadline indicates the communityâs strong sentiment regarding the importance of this proposal.
This approval follows the successful passing of KYC proposal 12033, which saw a high voter turnout. Subsequently, two follow-up proposals, 12058 and 12059, were presented for voting on the Station wallet. These proposals aimed to establish further requirements and provide clarification on KYC providers and contributions to the chain without KYC.
As outlined in Proposal 12058, CertiK will be designated as the recognized KYC provider for all L1 development activities on Terra Classic. This designation aligns with the framework established in Proposal 12033. Additionally, CertiK KYC Teams will be accepted based on their KYC results listed on their leaderboard.
The proposal garnered a 75% approval rate, with 10% of votes cast as âNoâ with veto votes, along with some âNoâ and 15% âAbstainâ votes. Notably, 37 validators, including Allnodes, StakeBin, and TerraCVita, voted in favor. However, Interstellar Lounge voted âNo with vetoâ due to recent conflicting beliefs regarding KYC practices.
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Price Movement of LUNC and USTC Tokens
The price of LUNC experienced a notable fluctuation, initially falling by 5% before rallying over 15% to reach a recent high of $0.000140. Presently, it is trading at $0.000127. Additionally, there has been a 10% increase in trading volume over the last 24 hours, following a significant 100% surge on Thursday.
On the other hand, USTCâs price witnessed profit booking subsequent to a 40% rally observed yesterday. Currently, it is trading at $0.0325, with its 24-hour low and high recorded at $0.0322 and $0.0383, respectively. Despite this, trading volume decreased by only 5% following an extraordinary 800% surge on Thursday.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#TerraClassic #LunaClassic #Bitcoin #Altcoin #Cryptocurrency
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The Terra Luna Classic community approved adding CertiK as a KYC provider for developers, aiming to enhance security. Developers must undergo KYC verification before starting any significant work on the platform.
Community Approves CertiK as KYC Provider
Proposal 12058, titled âAdd CertiK as a recognized KYC provider,â has successfully surpassed the pass threshold, gaining significant support from the Terra Luna Classic community. The fact that it passed before the February 18 deadline indicates the communityâs strong sentiment regarding the importance of this proposal.
This approval follows the successful passing of KYC proposal 12033, which saw a high voter turnout. Subsequently, two follow-up proposals, 12058 and 12059, were presented for voting on the Station wallet. These proposals aimed to establish further requirements and provide clarification on KYC providers and contributions to the chain without KYC.
As outlined in Proposal 12058, CertiK will be designated as the recognized KYC provider for all L1 development activities on Terra Classic. This designation aligns with the framework established in Proposal 12033. Additionally, CertiK KYC Teams will be accepted based on their KYC results listed on their leaderboard.
The proposal garnered a 75% approval rate, with 10% of votes cast as âNoâ with veto votes, along with some âNoâ and 15% âAbstainâ votes. Notably, 37 validators, including Allnodes, StakeBin, and TerraCVita, voted in favor. However, Interstellar Lounge voted âNo with vetoâ due to recent conflicting beliefs regarding KYC practices.
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Price Movement of LUNC and USTC Tokens
The price of LUNC experienced a notable fluctuation, initially falling by 5% before rallying over 15% to reach a recent high of $0.000140. Presently, it is trading at $0.000127. Additionally, there has been a 10% increase in trading volume over the last 24 hours, following a significant 100% surge on Thursday.
On the other hand, USTCâs price witnessed profit booking subsequent to a 40% rally observed yesterday. Currently, it is trading at $0.0325, with its 24-hour low and high recorded at $0.0322 and $0.0383, respectively. Despite this, trading volume decreased by only 5% following an extraordinary 800% surge on Thursday.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#TerraClassic #LunaClassic #Bitcoin #Altcoin #Cryptocurrency
#LunaClassic returns after a long hiatus, increasing 2.57% in crypto charts. Double-bottom reversal from $0.000086 support zone suggests buying before breakout.
Daily #LUNC Price Chart: The quick increase in LUNC price suggests a probable challenge to the resistance trendline.
The retreating upper Bollinger band may put the breakout attempt in jeopardy.
The LUNC coin's intraday trading volume is $62 million, representing an 8.83% gain.
Who else is looking to trade LUNC?
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Daily #LUNC Price Chart: The quick increase in LUNC price suggests a probable challenge to the resistance trendline.
The retreating upper Bollinger band may put the breakout attempt in jeopardy.
The LUNC coin's intraday trading volume is $62 million, representing an 8.83% gain.
Who else is looking to trade LUNC?
follow me for more trade tips
free to share, like and comments đ