LUNC to the Moon? Here’s Why Terra Classic ($LUNC) Still Shines! 🚀
Terra Classic (LUNC) remains one of the most talked-about tokens in the crypto space, even after the infamous UST/LUNA collapse. Once the heart of the Terra ecosystem, $LUNC is now making waves as a comeback story fueled by community efforts, use cases, and a native burn mechanism. But does it have the potential to soar once again? Let’s break it down. 🌕
What is Terra Classic (LUNC)? LUNC, previously known as Terra ($LUNA), is the original governance token of the Terra ecosystem. While its value took a massive hit during the UST/LUNA collapse, LUNC has retained relevance as a payment token, a governance asset, and a burn-enabled cryptocurrency. Here’s what LUNC is used for today: 1. Staking and Governance: Participate in decision-making and secure the network. 2. Payment Token: Transactions within the Terra ecosystem. 3. Native Burn Mechanism: Reduces supply to create upward price pressure.
Burning LUNC: The Key to a Comeback? One of the most exciting aspects of LUNC is its native burn mechanism, which aims to gradually reduce the token’s massive supply. Here’s the progress so far: Total Burned (as of Dec 30): 394.46 billion tokens. Burned This Week: 286,952,085 tokens. Circulating Supply: 6.5 trillion tokens.
Who’s Leading the Burn Movement? The LUNC burn effort has been largely driven by community initiatives and contributions from key projects. Top 3 Burners: 1. Binance: Total Burned: 68.39B Contribution: 17.3% 2. DFLUNC Protocol: Total Burned: 4.51B Contribution: 1.1% 3. Lunatics Token: Total Burned: 1.97B Contribution: 0.5% These efforts demonstrate the community’s commitment to reducing supply and potentially increasing LUNC’s value over time.
LUNC Key Price Metrics Here’s a snapshot of LUNC’s performance as of now: Current Price: US$0.00011161 24 Hour High: US$0.00011437 24 Hour Low: US$0.00010915 All-Time High (ATH): US$119.18 All-Time Low (ATL): US$0.000000999967 % from ATL: 11,098% Market Cap: US$615M Volume/Market Cap: 3.98% Fully Diluted Market Cap: US$727M
Can LUNC Make a Comeback? While LUNC is far from its all-time high, the combination of a committed community, a functioning burn mechanism, and real-world utility keeps it relevant. The burn mechanism alone demonstrates its potential to reduce the massive circulating supply over time, creating opportunities for price appreciation. What Could Drive LUNC’s Growth? 1. Increased Burns: More tokens burned means a reduced supply and potential price growth. 2. Community Efforts: A strong, engaged community is the backbone of LUNC. 3. Renewed Ecosystem Use Cases: Expanding LUNC’s role as a payment and governance token can attract new users.
Final Thoughts: To the Moon? 🌕 While LUNC’s journey to the moon may seem like a distant dream, its resilience and the dedication of its community are undeniable. With over 394.46B tokens burned and growing, the roadmap for Terra Classic’s revival is being paved one step at a time. Whether it’s staking, governance, or reducing the circulating supply, LUNC is a reminder that in the world of crypto, comebacks are always possible. So, the question isn’t whether LUNC can make a comeback—it’s when. Join the movement. Hold strong. Burn on. LUNC to the moon! 🚀 #LUNCToTheMoon #LUNA #TerraClassic #CryptoBurns #Binance $LUNC
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🚨 SHIBA INU (SHIB) HOLDERS: DECEMBER 30TH IS A GAME-CHANGER! 🚀
Attention, SHIB Army! 🔥 The stage is set, and December 30th might just be the date that propels Shiba Inu ($SHIB) into the crypto hall of fame. Here's why every SHIB holder should be paying attention.
SHIBA INU: FROM MEME TO A MOVEMENT 🐾 What started as a fun meme coin has transformed into a powerhouse ecosystem with innovations like ShibaSwap, SHIB: The Metaverse, and now the potential for a layer-2 blockchain. Shiba Inu has proven that it's more than hype—it's a project with vision, resilience, and the backing of one of the most passionate communities in crypto. 🌟 --- WHY DECEMBER 30TH MATTERS The crypto world is buzzing with excitement and speculation about what’s coming for SHIB. Here are four potential milestones that could redefine its future: 1️⃣ Shibarium Launch: The Next Era Begins 🌐 The long-awaited Shibarium layer-2 blockchain could go live, promising: Lower fees Faster transactions Expanded use cases for SHIB and its ecosystem This launch would set SHIB apart from other tokens, enhancing its appeal to developers and investors alike. 2️⃣ Major Partnerships: A Global Breakthrough? 🤝 Speculation is rife about a potential partnership with a household-name brand. A deal like this would skyrocket SHIB's visibility and establish real-world utility, attracting mainstream attention. 3️⃣ Aggressive Token Burns: The Supply Solution 🔥 An enhanced burn mechanism could dramatically reduce SHIB's circulating supply. With billions of tokens potentially burned, demand could outstrip supply, driving long-term price appreciation. 4️⃣ New Exchange Listings: Wider Access 💹 Rumors of listings on top-tier exchanges are gaining traction. Additional platforms would improve SHIB's liquidity and make it more accessible to traders globally.
WHAT’S AT STAKE FOR SHIB HOLDERS? If any of these developments come true, SHIB holders could see massive benefits: 🚀 Price Surge: Exciting news often triggers buying frenzies, with the potential for SHIB to test new highs. 🌌 Ecosystem Expansion: Innovations like Shibarium could boost utility, attracting developers and users to SHIB’s ecosystem. ⚡ Community Momentum: Big announcements energize the SHIB Army, fueling collaboration and innovation.
HOW TO PREPARE FOR THE BIG DAY 💡 Stay Informed: Follow official SHIB channels and Binance updates for the latest news. 📊 Plan Strategically: Decide in advance how you’ll manage your SHIB holdings. 💎 Diversify Smartly: SHIB has enormous potential, but remember to maintain a balanced portfolio.
THE COUNTDOWN TO A NEW ERA 🕒 December 30th could mark a pivotal moment for Shiba Inu. Whether it’s the launch of Shibarium, a game-changing partnership, or a new burn strategy, the crypto community is on edge. Are you ready for what’s next? This could be the turning point that takes SHIB from a movement to a revolution. Let’s see where the SHIB rocket takes us! 🚀🌕
💬 What’s your take on the rumors? Share your thoughts below! #ShibariumLaunch 🌐 #ShibaArmy 🔥 #ShibaEcosystem #CryptoOnBinance #SHIBToTheMoon 🚀 $SHIB
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$LUNC I believe LUNC had good future going forward
The main reason is community so many people want lunc to touch 1$
But the main problem with crypto is every one wants fast achievement overnight achievement
Like wise lunc also need some time to go to the heights
I believe if not 1$ it will touch 0.1 cent in next 10 years
If you invest 2000$ today in lunc u will get nearly 19.06 millions coin if it touches 0.1 cent u will have 2 millions usdt with us provided small calculations at down
To estimate when LUNC might reach $0.1, we'll consider the current burn rate, market capitalization, and potential growth factors. Please note that this calculation is highly speculative.
##Assumptions:
1. Current burn rate: 1.2% - 1.5% of total supply (~6.9 trillion LUNC) per year. 2. Current market capitalization: ~$300 million. 3. Desired price: $0.1. 4. Total supply: ~6.9 trillion LUNC. 5. Constant burn rate.
##Calculations:
1. Required market capitalization to reach $0.1: ~$690 billion (~6.9 trillion LUNC * $0.1). 2. Growth needed: ~2300% (~$690B / $300M). 3. Annual growth rate: ~20-25% (assuming consistent burn rate and adoption). 4. Estimated years to reach $0.1:
a. Conservative estimate (20% growth): 10-12 years. b. Moderate estimate (22.5% growth): 8-10 years. c. Optimistic estimate (25% growth): 6-8 years.
Binance Supports This Terra LUNA Classic Upgrade, LUNC Price to Skyrocket?
Digital asset exchange Binance has supported a major Terra Luna Classic upgrade on its platform. Recently, Terra has rolled out new updates as the community tries to revive the ecosystem after the infamous implosion in 2022 that saw huge losses. The new V3.3.0 upgrade seeks to attract developers to the network and restructures tax handling.
Binance Backs Upgrade
In a new announcement to its community, Binance noted that it will suspend deposits and withdrawals to support a smooth user experience during the network’s upgrade. Within the specified time, Binance will handle all technical issues for its users stressing that trading on the network will continue smoothly.
Following the upgrade, transactions (withdrawals and deposits) will restart when the network is deemed stable. The crypto community lauded Binance for supporting the ecosystem with users calling for more collaborations.
“BREAKING: @binance announces support for the $LUNC v.3.3.0 upgrade. This upgrade simplifies tax handling by automatically deducting tax from the amount sent before it reaches the recipient’s wallet, and makes it easier for developers to deploy on #LUNC,” @mrdiamondhandz noted on X.
The upgrade will simply tax handling and security on the network and onboard developers from the wider ecosystem to build on the network. The new system eliminates barriers and enhances its utility among users. Terra’s new upgrade was supported by a dominant majority of the community.
“The chain will be halted at block height 21163600 which will approximately be processed on Dec 17, 2024, 12:57:47 UTC. The actual halt time is an early estimate, can vary, and depends on the chain’s block speed until the specified height is reached. Upon passing of this proposal, an automatic chain halt will be scheduled at the specified height,” the developers added on GitHub.
Impact on LUNC Price
Network upgrades often create a buzz around the community with the platform’s token picking up gains. However, this was not the case for LUNC as the asset recorded sharp outflows hitting 4% in the last 24 hours. Although weekly numbers are still in the green zone, short-term movements remain underwater due to low volumes.
While bulls anticipate a price uptick most analysts suggest sideways trading for now as it moves against the general market. Bitcoin smashed a new all-time high above $107K pushing the total crypto market cap above $3.73 trillion.
SHIBA INU REMOVING ZEROS , TRUE OR FAKE?? Yes, the Shiba Inu CEO has made a statement that the project is working to eliminate three zeros. In crypto, "deleting zeros" is a term that refers to a token's price increasing significantly by removing zeros before the first meaningful digits. This could indicate a large increase in value for the token.
The Shiba Inu CEO's statement has been met with optimism from the community, who have rallied around the idea and used hashtags like #shibastrong and #ThreeZerosGone on social media. Many holders have also renewed their commitment to supporting the project. In 2021, $SHIB price increased by over 60,000,000%, removing six zeros from its price. This surge was driven by a number of factors, and helped to establish Shiba Inu as a major player in the cryptocurrency space.
🔥🔥 Why Did LUNC Crash from $119 to $0.00001 in a Single Day? 😱
The dramatic collapse of LUNC (Terra Classic) from $119 to $0.00001 in a single day was a shocking event that sent shockwaves through the cryptocurrency market. Here are the key factors that contributed to this catastrophic crash: 1. Stablecoin Depeg: Terra's algorithmic stablecoin, UST, lost its peg to the US dollar. This caused a massive sell-off, as investors lost confidence in the stability of UST. 2. Liquidity Crisis: As UST's value plummeted, investors rushed to withdraw their funds from the Terra ecosystem. However, the liquidity was insufficient to meet the demand, leading to a liquidity crisis. 3. Death Spiral: The combination of UST's depeg and the liquidity crisis created a death spiral. As investors sold their UST and LUNC holdings, the prices plummeted, triggering even more selling and further accelerating the price decline. 4. Lack of Reserve Assets: Unlike traditional stablecoins, UST was not backed by a sufficient reserve of assets. This made it vulnerable to a collapse. 5. Regulatory Uncertainty: The Terra ecosystem faced regulatory uncertainty, which may have contributed to the lack of confidence among investors. The collapse of LUNC serves as a cautionary tale about the risks associated with algorithmic stablecoins and the importance of robust risk management, transparency, and regulatory compliance.