LunaClassic
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Legfrissebb
Hey @Binance and @Richard Teng
Since @BtcTurk_Global delisted #LUNC ,And don’t seem too concerned with recovering the $LUNC still sitting in your deposit wallet, any chance you can just go ahead and burn that too?
🔥🔥🔥
Sincerely,
The #LuncCommunity
$LUNC $USTC #LunaClassic
Since @BtcTurk_Global delisted #LUNC ,And don’t seem too concerned with recovering the $LUNC still sitting in your deposit wallet, any chance you can just go ahead and burn that too?
🔥🔥🔥
Sincerely,
The #LuncCommunity
$LUNC $USTC #LunaClassic
Terra Luna Classic Hits 1 Trillion Staked
"Big things are happening in the Terra Luna
Classic (LUNC) community!Over 1 TRILLION LUNC is staked, showing strong community support!Binance is expected to burn a significant amount of LUNC soon, reducing supply and potentially driving prices up!The community has already burned 124 billion LUNC, with more expected from the Tax2Gas mechanism!LUNC price is trading sideways, but the upcoming burn could change that!USTC price is also down slightly, but could benefit from LUNC's potential gains!Stay tuned for the next #Binance $LUNC burn in 5 days!
#Crypto2024 #LUNC. #LunaClassic
"Big things are happening in the Terra Luna
Classic (LUNC) community!Over 1 TRILLION LUNC is staked, showing strong community support!Binance is expected to burn a significant amount of LUNC soon, reducing supply and potentially driving prices up!The community has already burned 124 billion LUNC, with more expected from the Tax2Gas mechanism!LUNC price is trading sideways, but the upcoming burn could change that!USTC price is also down slightly, but could benefit from LUNC's potential gains!Stay tuned for the next #Binance $LUNC burn in 5 days!
#Crypto2024 #LUNC. #LunaClassic
$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
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
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.
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 LUNC’s 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.
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 LUNC’s 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.
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.
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 altcoin’s 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 LUNC’s daily chart. In addition to this, the MACD line recently crossed below the MACD Signal line. This may be an indication of LUNC’s 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.
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 altcoin’s 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 LUNC’s daily chart. In addition to this, the MACD line recently crossed below the MACD Signal line. This may be an indication of LUNC’s negative trend continuing in the next few days.#Write2Earn
$LUNC Start with strongly algorithmic stablecoin again. Don't miss Terra Classic BUY & HOLD in your Binance Exchange wallet.
congratulations All Lunc holders #CryptoNews🚀🔥 #BTC #Ethereum✅
I believe in #LUNC🔥 #LunaClassic
congratulations All Lunc holders #CryptoNews🚀🔥 #BTC #Ethereum✅
I believe in #LUNC🔥 #LunaClassic
All it takes is one call and $LUNC goes parabolic. #Binance 📷 is the largest holder, they burn #LUNC every month, and CZ sees the opportunity with #LunaClassic . Send it! 🚀
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 Binance’s 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 ‘CZ’ 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: 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 Binance’s 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 ‘CZ’ 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: 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
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 “Add CertiK as a recognized KYC provider,” 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 community’s 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 “No” with veto votes, along with some “No” and 15% “Abstain” votes. Notably, 37 validators, including Allnodes, StakeBin, and TerraCVita, voted in favor. However, Interstellar Lounge voted “No with veto” due to recent conflicting beliefs regarding KYC practices.
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com
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, USTC’s 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: 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
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com
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 “Add CertiK as a recognized KYC provider,” 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 community’s 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 “No” with veto votes, along with some “No” and 15% “Abstain” votes. Notably, 37 validators, including Allnodes, StakeBin, and TerraCVita, voted in favor. However, Interstellar Lounge voted “No with veto” due to recent conflicting beliefs regarding KYC practices.
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com
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, USTC’s 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: 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
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 crypto’s 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.
The MACD line was breaking away above the MACD Signal line. This is a positive technical flag which suggests that the cryptocurrency’s 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 crypto’s 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.
The MACD line was breaking away above the MACD Signal line. This is a positive technical flag which suggests that the cryptocurrency’s 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
Terra Classic Community Rejects KYC Proposal; LUNC and USTC Rally Timeline?
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#LUNC #Altcoin #Cryptocurrency #CryptoNews #LunaClassic $LUNC $USTC $LUNA
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#LUNC #Altcoin #Cryptocurrency #CryptoNews #LunaClassic $LUNC $USTC $LUNA
#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?
follow me for more trade tips
free to share, like and comments 👇
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 👇
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. Don’t reward bad behavior. NO!💪 #CryptonResearchBot
, other validators, and engaged in causing chaos within the #LunaClassic community. Don’t reward bad behavior. NO!💪 #CryptonResearchBot
Terra Luna Classic Burns 76 Billion LUNA Tokens
CryptosHeadlines.com - The Leading Crypto Research NetworkTerra Luna Classic reaches 76 billion LUNC token burn milestone as various participants in the crypto community continue to burn LUNC tokens.
The Terra Luna Classic community has now burned a total of 76 billion LUNC tokens, marking a significant achievement since May 18, 2022. Binance, the largest crypto exchange globally, has contributed more than half of this amount, burning nearly 38.81 billion LUNC tokens.
Currently, there are 5.80 trillion LUNC tokens in circulation out of a total supply of 6.83 trillion LUNC. To further increase the LUNC burn rate, the community aims to enhance the utility of the token.
Terra Luna Classic Burns 76 Billion Tokens
Terra Luna Classic has achieved a significant milestone by burning 76 billion LUNC tokens through contributions from crypto exchanges, validators, projects, and members. On average, the community burns about 400 million LUNC tokens every week. Binance, one of the world’s largest crypto exchanges, plays a crucial role in this by sending billions of LUNC tokens to the burn address as part of its monthly burn mechanism. To date, Binance has burned over 38.81 billion LUNC tokens.
The Terra Classic L1 Task Force (L1TF) developer group and the Quant USTC repeg team are working together to reduce the circulating supply of LUNC and USTC in the fourth quarter. They plan to repeg USTC to $1 and collaborate with exchanges to ensure its successful implementation.
Additionally, the Terra Luna Classic community has established a community-owned Galaxy Station wallet and Galaxy Finder blockchain explorer. These developments demonstrate the community’s commitment to enhancing the Terra Luna Classic ecosystem.
LUNC and USTC Prices Decline
The price of LUNC has dropped by 3% in the last 24 hours, currently at $0.000056. It reached a low of $0.0000556 and a high of $0.0000583 during this period. Last week, Terra Luna Classic couldn’t maintain its position above the $0.000060 support level, leading to further declines.
On the other hand, USTC is currently trading at $0.011, reflecting a 4% decrease in the past 24 hours and a 12% decline over the week. Additionally, the trading volume has notably decreased within the last 24 hours.
Important: 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 #TerraLunaClassic #LunaClassic #LUNC
The Terra Luna Classic community has now burned a total of 76 billion LUNC tokens, marking a significant achievement since May 18, 2022. Binance, the largest crypto exchange globally, has contributed more than half of this amount, burning nearly 38.81 billion LUNC tokens.
Currently, there are 5.80 trillion LUNC tokens in circulation out of a total supply of 6.83 trillion LUNC. To further increase the LUNC burn rate, the community aims to enhance the utility of the token.
Terra Luna Classic Burns 76 Billion Tokens
Terra Luna Classic has achieved a significant milestone by burning 76 billion LUNC tokens through contributions from crypto exchanges, validators, projects, and members. On average, the community burns about 400 million LUNC tokens every week. Binance, one of the world’s largest crypto exchanges, plays a crucial role in this by sending billions of LUNC tokens to the burn address as part of its monthly burn mechanism. To date, Binance has burned over 38.81 billion LUNC tokens.
The Terra Classic L1 Task Force (L1TF) developer group and the Quant USTC repeg team are working together to reduce the circulating supply of LUNC and USTC in the fourth quarter. They plan to repeg USTC to $1 and collaborate with exchanges to ensure its successful implementation.
Additionally, the Terra Luna Classic community has established a community-owned Galaxy Station wallet and Galaxy Finder blockchain explorer. These developments demonstrate the community’s commitment to enhancing the Terra Luna Classic ecosystem.
LUNC and USTC Prices Decline
The price of LUNC has dropped by 3% in the last 24 hours, currently at $0.000056. It reached a low of $0.0000556 and a high of $0.0000583 during this period. Last week, Terra Luna Classic couldn’t maintain its position above the $0.000060 support level, leading to further declines.
On the other hand, USTC is currently trading at $0.011, reflecting a 4% decrease in the past 24 hours and a 12% decline over the week. Additionally, the trading volume has notably decreased within the last 24 hours.
Important: 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 #TerraLunaClassic #LunaClassic #LUNC
