Terra Luna Classic's Community Rejects
Bitcoin.org-Style Website Plan
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Terra Luna Classic took the crypto world by surprise, experiencing a 30% increase in value over the past week. Despite this, the crypto token's value rose des
pite its community turning down a proposal to set up a website inspired by Bitcoin.org. Users believe the rise in LUNC's price is due to positive news from Terraform Labs (TFL) during its Chapter 11 bankruptcy process.
Lately, the Terra Classic community has overwhelmingly opposed a plan to create a website similar to Bitcoin.org. The proposal aimed to bring together design processes and concept workshops to strengthen community ties.
Out of the community, only 4% supported the idea, with 21% opposing it. A large majority, 63%, rejected the proposal, with 12% choosing not to vote.
However, the rejection of the proposal didn't seem to impact LUNC's recent rally. The crypto token started trading at $0.00007493 at the start of the week, hitting a peak of $0.00009614 by last Tuesday. LUNC then slightly dropped to $0.000084875 before picking up again, trading at $0.000090941 at the moment, according to TradingView's data.
On the other hand, Santiment's analysis indicates a significant increase in LUNC's social activity, with the token's social volume showing a notable rise. It's important to note that Binance has been conducting LUNC burn operations, an action many in$LUNC
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outlook among investors.
