As the popularity of cryptocurrencies continues to rise, a digital asset called Terra Classic (LUNC) is still managing to attract the attention of investors and crypto enthusiasts. This token, which is the original chain of the Terra (LUNA) ecosystem, has entered a potential recovery phase with the introduction of the LUNC/USTC trading pair. Based on CoinMarketCap's cryptocurrency price prediction feature and community data, it is expected that LUNC has the potential to appreciate in value in the near future. #LUNC #LUNACLASSIC #UST #TerraLuna $LUNC $LUNA $USTC

Upside Potential:

The LUNC community predicts an average transaction price of $0.0001445 as of July 16th. This prediction indicates an approximately 54% increase relative to its current price. Furthermore, the community anticipates that the upward trend will continue until August, with LUNC trading at $0.0001355 by August 31st. This forecast suggests an approximately 44% increase from its current value. Another source called PricePredictions, which utilizes machine learning algorithms, predicts that Terra Classic could be trading around $0.000076 by July 31st.

Sustainability and Community Initiatives:

Since the collapse of the Terra ecosystem, the sustainability of LUNC relies on community initiatives. With the introduction of the LUNC/USTC trading pair, the community focuses on continuously burning tokens. Additionally, they have set ambitious goals such as increasing the LUNC token price to $1 and have initiated token burning processes. Leading platform Binance supports community initiatives by pledging to burn spot and margin trading fees associated with LUNC.

Binance Support and USTC Repeg Target:

The Terra Luna Classic community aims to achieve USTC repeg with the support of Binance. This support is expected to enhance the stability and growth of the ecosystem. Currently, LUNC is trading at $0.00009143 and has gained over 5% in the past 24 hours. Analyses also indicate an overall upward trend for LUNC.

In Summary:

Terra Classic (LUNC) emerges as a notable asset in the cryptocurrency market. Community predictions and analyses indicate the potential for future growth in LUNC. However, it is important to monitor general market price movements and assess risks. The potential for LUNC to reach new highs is strengthened by community initiatives and support from platforms like Binance. Investors should make their own decisions considering the future performance of LUNC.

The world's largest cryptocurrency exchange Binance said on Monday that it will support the Terra Network (LUNA) upgrade. The Terra community has endorsed the series proposal for a Phoenix v2.4 software upgrade. With a majority vote to approve the promotion. The price of LUNA has risen almost 10% to $0.69 in the last 24 hours

Binance to support Terra (LUNA) Phoenix upgrade Cryptocurrency exchange Binance informed in an official announcement on July 17 that it will support the Terra (LUNA) Phoenix v2.4 software upgrade. The scheduled network upgrade is expected to take place at block height 5,994,365 on July 18 at 13:00 UTC

Binins will suspend LUNA deposits and withdrawals an hour before the upgrade. However. LUNA trading will continue to work normally during the network upgrade

Binance will handle all technical requirements related to all users who have LUNA in their Binance accounts. We will reopen deposits and withdrawals for LUNA as soon as the upgraded network is considered stable. We will not notify users in another ad

The Terra Community (LUNA) approved the proposal with 98.22% "Yes" and 1.78% "No". Terraform Labs upgraded Terra's Pisco test series and integrated several updates on June 30. The Phoenix v2.4 software upgrade will include these updates in the Phoenix-1 main network

#TerraLuna

Excitement reverberates within the Terra Classic (LUNC) community as the proposal put forth by the USTC repeg team receives official approval. The community’s endorsement of the proposal has sparked optimism regarding potential price increases for both LUNC and USTC.

Terra Classic Community Embraces Key Proposal

The Terra Classic community has made a significant decision by passing Proposal 11730, titled “USTC/Stable Algo Quant Team.” This proposal, previously rejected due to low voting turnout caused by technical wallet issues, was later reintroduced. With the Terra Station wallet functioning reliably once again, validator voting turnout has now reached the necessary threshold.

The proposal garnered a 50% approval rating, surpassing the crucial “pass threshold.” There were also 8% “No” and 7% “No with veto” votes, while the validator with the largest voting power, Allnodes, abstained, accounting for 35% of the votes.

A total of 50 validators participated in the governance voting, with 35 expressing their support. Key validators that favored the proposal include DFLunc, Stakely, 1maxfee, TerraCVita, LUNC DAO, and StakeBin.

Previously, the proposal faced rejection in the governance voting process, but USTC Quant team members attributed this to certain validators altering the outcome. One validator has since committed to funding the USTC repeg team through commissions, aiming to identify and burn “zombie USTC” without additional funding.

Price Decline for LUNC and USTC Tokens

A broader cryptocurrency market selloff ensued following the US Securities and Exchange Commission’s decision to delay the approval of all seven Bitcoin exchange-traded funds (ETFs). As a result, LUNC and USTC prices experienced significant declines.

LUNC’s current trading price stands at $0.00006192, reflecting a 1.5% increase in the last 24 hours and a 22% decline over the past month. The day’s low and high for LUNC are $0.0000612 and $0.0000644, respectively.

Similarly, USTC prices have fallen by 5% in the past 24 hours, with the current trading price at $0.011954. Notably, trading volume has seen a 150% increase over the same period.

The Terra Luna Classic community’s support of the USTC repeg team’s proposal amplifies anticipation within the ecosystem. With price movements for LUNC and USTC tokens influenced by the broader crypto market conditions, investors closely monitor developments.

*Disclaimer:

This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

#LUNC #USTC #TerraLuna $LUNC $USTC

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The LUNC community has voted against a proposal to allocate $15,000 per month to fund Terra Rebels. The proposal narrowly missed approval in a closely contested voting process. Proposal 11805 now joins the ranks of other recent proposals that have been turned down by the community.
The Terra Luna Classic (LUNC) community has declined a proposal put forth by Terra Rebels, which sought funding amounting to $15,000 on a monthly basis. Clay, the host of the ClayBro YouTube investment channel, noted that the voting procedure was closely contested. As per his observation, Proposal 11805 was narrowly rejected by the community.
In a recently published video, Clay pointed out that the gap between the “YES and NO” votes was within a 10% margin. Nevertheless, this outcome signifies that the Terra Luna community has chosen not to grant Terra Rebels the requested $15,000, as the proposal has been rejected.
Proposal 11805 now joins a growing list of proposals that have faced rejection from the Terra Luna community in recent times. Clay highlighted a few of these declined proposals, such as the one from the USTC repeg team. Interestingly, Clay noted that the USTC repeg team, despite their initial displeasure with the rejection, had someone else repost the proposal, which subsequently resulted in them receiving payment.
The investment analyst speculates that a similar situation could unfold with the recently declined proposal. Clay anticipates that members of the Terra Rebels team may take to X (formerly Twitter) to share their thoughts and sentiments regarding the rejection of Proposal 11805.
Clay furnished the specifics of the voting process, highlighting that 20 validators supported the Terra Rebels proposal, while 16 validators cast their votes in opposition. Nevertheless, due to the intricacies of the voting mechanism, the 16 validators who voted against the proposal held a higher voting percentage.
The host of the ClayBro channel elucidated that among the validators, one cast a “NO” vote with a veto, and an additional ten validators opted for abstention. What Clay emphasized as a significant but frequently disregarded point was that 73 validators refrained from voting entirely, signifying a prevalent sentiment within the Terra Luna Classic community. In his view, many individuals are staying on the sidelines and not actively engaging in the project’s daily governance activities.
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 #TerraLuna #LUNC #USTC

Cryptocurrency enthusiasts are always on the lookout for the next big thing, and in the ever-evolving marketTerra Luna Classic (LUNC) has emerged as a coin to explore. ​In this article we will delve into the unique features of Terra Luna Classic (LUNC) in which we have asked some interesting questions for guiding the readers on the possible future of this cryptocurrency..Understanding the Terra Luna Classic (LUNC)Born out of the Terra ecosystem, Terra Luna Classic is not just another altcoin. Leveraging the codebase of its predecessor Terra Luna, this forked cryptocurrency brings its own set of unique features and aspirations. Before looking to the future, let’s understand those key characteristics that set LUNC apart.1. Built on a Terra foundation:LUNC uses the Terra codebase but distinguishes itself with specific features. Compared to the original Terra Luna, how does this integration increase or change performance?2. Community-Driven Development:Success in the crypto world often depends on community engagement. Questions arise: "What activities do your communities participate in?" and "How influential is community support in shaping the course of the LUNC?"Questions and thoughts about what will happen in the future:1. Market Dynamics:The cryptocurrency market is notoriously volatile. How does LUNC plan to navigate these waters, and what measures have been taken to ensure stability as the market changes?2. Innovation and upgrades:The crypto-space is evolving rapidly. What new features does LUNC plan to introduce, and how does it aim to stay ahead in a competitive environment?3. Adoption and partnerships:Cryptocurrency adoption is often based on strategic partnerships. Is there a noteworthy partnership for Terra Luna Classic, and how does it plan to expand its reach?Engaging the ReadersAs you consider the future of Terra Luna Classic (LUNC), we invite you, the readers, to reflect on these questions:1. What role do you think community support plays in the success of cryptocurrencies like Terra Luna Classic (LUNC)?2. How important is innovation and adaptability in the ever-changing landscape of the cryptocurrency market?3. What factors will affect your decision to invest in or support Terra Luna Classic (LUNC) over other emerging cryptocurrencies?When we come to the conclusion, I will tell you, dear readers:I hope, as LUNC makes its way into the future, the answers to these questions can provide valuable insight into its path. The cryptocurrency market is dynamic, and only time will reveal the true extent of Terra Luna Classic's influence.If you have a specific cryptocurrency in mind that you would like the next article to focus on, please mention the name of the cryptocurrency in the comments below. I’d love to write an article exploring the future, features, or potential of your favorite cryptocurrency I’m eagerly awaiting your feedback!See market data for Terra Luna Classic (LUNC).https://coinmarketcap.com/currencies/terra-luna/I have shared this article elsewhere. #LUNC #LUNA #TerraLunaClassic #TerraLuna #terraluna $SOL $BNB $XRP

The Terra Classic community is currently engaged in a crucial voting process on proposal 11780, which aims to combat the rising number of spam proposals by increasing the minimum deposit amount required for proposals.

This initiative comes as the community seeks to address concerns over the surge in irrelevant proposals coinciding with a drop in LUNC prices. While the proposal is up for debate, the market displays signs of potential upside momentum ahead of an anticipated upgrade.

Community Initiative Against Spam Proposals

As shared by a core community member Hexagon, the “Initiative to combat spam proposals by increasing the minimum deposit amount to 5M LUNC” is a proposal currently under consideration by the Terra Luna Classic community. The objective of this proposal is to raise the minimum deposit requirement from 1 million LUNC to 5 million LUNC.

By doing so, it will be more challenging for scam proposals to progress beyond the deposit stage. This approach aims to mitigate the nuisance caused by spam and irrelevant proposals that find their way into community voting.

Validators have voiced their support for the initiative, believing that the current requirement of 1 million LUNC is no longer effective in deterring unwanted proposals. Hexxagon, the developer group responsible for the community-owned Station wallet, specifically highlighted the surge in spam proposals.

However, the voting results thus far indicate a division within the community. As of now, the proposal has garnered 34% “Yes” votes, 64% “No” votes, and 2% “No with veto” votes. Noteworthy supporters of the proposal include Hexxagon, Lunanauts, and Coinpayu.

On the other hand, JESUSisLORD opposes the proposal, citing concerns about the potentially negative impact on regular community members who may face challenges in putting forth their proposals due to the 5x increase.

Simultaneously, the L1 Terra Classic Task Force is making preparations for the v2.2.1 core upgrade, scheduled for September 12 at 9.57 UTC. Additionally, the USTC Quant team has engaged a centralized exchange to collaborate on sharing the Buy Back Report as part of their efforts to repeg USTC.

LUNC and LUNA Show Resilience

LUNC and LUNA have recently experienced a significant increase in trading volumes following the successful passage of key proposals by the community. LUNA, propelled by TFL, has enjoyed a growth of more than 5% in the past week, while LUNC exhibits upward momentum in anticipation of the forthcoming core upgrade led by the L1TF developer team.

As of now, LUNC is trading at $0.00006088, with relatively stable movement during the last 24 hours. Conversely, LUNA is trading at $0.4202, revealing a slight decline from earlier gains within the same timeframe.

*Disclaimer:

This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

#LUNC #TerraLuna #crypto2023 $LUNC