With the disruption of the $1 peg of UST, the stablecoin on the Terra Chain, the blockchain connection between LUNA and UST turned into a "DEATH SPIRAL" and the Terra network literally collapsed. As a result of the collapse; small investors, as well as large capital companies and crypto exchanges, faced major losses. In addition, crypto exchanges lost prestige and the entire cryptocurrency world suffered major losses. As a small investor, we suffered huge losses, especially from UST, and like everyone else, we tried to understand what was going on. We tried to follow the correct news flow, but we came across a huge news pollution.
LUNC and BlackRock (BnB Smart Chain): What to expect in the altcoin season?
The altcoin season, when the prices of altcoins such as LUNC and BlackRock usually rise, is already on the nose. This time can be a great opportunity for investors, but it is important to do research and understand the risks.
LUNC (Terra Classic) is an altcoin that experienced a sharp decline in May 2022. However, since then, it has been gradually recovering and may gain momentum in the altcoin season.
BlackRock is the world's largest asset management company that is showing interest in cryptocurrency. Investments by BlackRock (BnB Smart Chain) or in LUNC can have a significant impact on the prices of these assets.
Here are a few factors that may affect LUNC and BlackRock (BnB Smart Chain) in the altcoin season:
* General market sentiment: If the market is optimistic, altcoins are likely to grow.
* Trading volume: An increase in the trading volume of LUNC and BlackRock may lead to higher prices.
* Development: New developments in the LUNC and blackrock (BnB Smart Chain) ecosystems can attract new investors.
* Community sentiment: The positive attitude of the community can push prices up.It is important to remember that investing in cryptocurrency involves high risks.
Before investing in LUNC or BlackRock, it is important to conduct thorough research and understand the risks.Here are some tips for investing in altcoins:
* Invest only the money you can afford to lose. * Don't put all your eggs in one basket. * Diversify your portfolio. * Do your research. * Don't give in to FOMO (fear of missing out). * Set stop losses. * Stay calm and take your time.
**Altcoin season can be a great opportunity for investors, but it is important to approach business wisely. By doing research, understanding the risks and using common sense, you can increase your chances of success. $BTC $LUNC $BNB
BlackRock (BLACKROCK) and Terra Classic (LUNC): Is it worth investing?
Greetings, crypto enthusiasts! Today I want to talk about two interesting projects: BlackRock (BLACKROCK) and Terra Classic (LUNC). BlackRock (BLACKROCK) is a new project on the Binance Smart Chain with a low market capitalization and an active community. Terra Classic (LUNC) is an existing project that has survived the crash, but has a recovery plan and a well-known development team. Both projects have their pros and cons, but I think they deserve attention. Why? * Low market capitalization: th
Terra Price Prediction The Terra ecosystem has suffered a tremendous crash that many fear the token may not recover from. In May 2022, Terraform Labs’ UST stablecoin depegged significantly, with about half a trillion US dollars from the crypto market. In response, the company liquidated their $BTC holdings to restabilize the coin. Fast-forward to June 2024, and $LUNA is trading at a DeFi coin price of $0.5007, over a 97% dip from its all-time high of $19.54. The token has been in a year-long decline, recording 14.7% and 15.3% losses on its monthly and yearly charts. The current market conditions hint at the bears maintaining control of the coin as investors’ scepticism for its survival mounts. Its 24-hour chart highlights a $0.4798 low and a $0.5323 high, showing high fluctuation levels.TerraForms’ CEO, Chris Amani, has announced that the company will dissolve and hand over Terra blockchain operations to the community. This comes after accepting a $4.47 billion settlement with the SEC despite having only $75 million in assets. The settlement includes a $3.58 billion disgorgement and a $420 million civil penalty. Although LUNA’s market cap is declining by 5%, its 24-hour trading volume is up 6% at $384,124,672 and $32,812,824, respectively, showing that all hope is not lost for the token. Investors seeking the best coin to invest in have not lost sight of LUNA’s potential following Do Kwon and TerraForm’s exit. The token is up 22.51% from its $0.3783 all-time low.
If it is recorded in the #binance data, "TerraClassicUSD (USTC) is a decentralized algorithmic stablecoin of the Terra Classic blockchain, pegged to 1 US dollar. In order to mint 1 USTC, it is necessary to burn a LUNC reserve asset in the amount of 1 US dollar."
The legend is returning, and with the support of Binance and the community, #LUNC✅ and #USTC will once again become a center of trust that will ignite the cryptocurrency market with a mega bull.
Friends, I apologize for the tense posts, but the agenda is full and there are a lot of question marks in people's heads.
I will evaluate these statements regarding the $LUNC and the upcoming process; The events are very positive for us,
1-The dark structure called Terra will be completely removed from our lives, and the concept of decentralization will become clearer. The image of a "fraudster" among people will disappear.
2- As I mentioned earlier, we will learn to stand up for ourselves without expecting anything from this dark structure and the gangs that feed on it.
3- Terra or Do Kwon (crypto is prohibited) must burn all the LUNA, $USTC and LUNA they have. As I argued, if they have 1-2 trillion luncs, they will burn them.
4-#Binance or other organizations can make a statement of support to the community. They can help us in this process. We should even put pressure in this direction, they also have a responsibility.
5. There may be a listing on Coinbase.
6. The most important issue for me is the rapid introduction of a 1.2% tax on stock exchanges and this proposal is supported by public support from our side. All money must be withdrawn for exchanges, transfers cancelled and incineration initiated. Once we achieve this, even if they have LUNC, trillions of LUNC will disappear even without the burning process, as they will not be able to legally send them to exchanges. We must continue our journey with a real foundation and employees, providing a lot of income to the community, details are available in my previous posts and on the forum.
7-Some friends got worried, wondering what would happen to us, is our money safe? Don't be afraid, there is nothing negative, we have long since severed ties with Terra. The situation is the same with USTC. Although the situation with $LUNA seems very negative, you will see that it will gain more value in the future, because now more people will work at LUNA A , and we can say that the chamber has joined. We, now I can buy it.
Imagine that a large technology company, for example, #Microsoft , #Google or Meta, decides to purchase Terra Classic. Possible consequences:
1)Price spike: Investors are likely to react enthusiastically, which will lead to a significant increase in the price of Terra Classic.
2)Increased Liquidity: Access to #TerraClassic trading on a large company's platform can significantly increase its liquidity, making it easier to buy and sell.
3)New product development: A large company can use resources and expertise to develop new products and services based on Terra Classic, which will expand its functionality and attract new users.
4)Institutional implementation: The support of a large company may encourage other large companies and institutional investors to explore and use Terra Classic, which will lead to its wider adoption.