lunaclasic
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#MyFirstFeedPost #Write2Earn Hello, Binance Square! #LUNA and #lunaclasic will be around the corner big news !
#lunac #lunaclasic
🌖 LUNC and USTC Prices Jump Defying Market Sentiment
Terra Classic ecosystem tokens gained upside momentum amid a rearrangement of LUNC positions after BtcTurk crypto exchange delisted LUNC after the hack. LUNC futures open interest rises 24% in the last 4 hours.
LUNC price soars more than 10% in 24 hours. The price currently trades at $0.00008246, with a 24-hour low and high of $0.00007255 and $0.00008257, respectively. Moreover, trading volume has increased by 50% in the last 24 hours.
Meanwhile, USTC price also jumped more than 5%, with the price currently changing hands at $0.0181. The 24-hour trading volume saw a rise of 136%. USTC futures open interest also rise over 21% in the past few hours, implying a possible reversal.
🌖 LUNC and USTC Prices Jump Defying Market Sentiment
Terra Classic ecosystem tokens gained upside momentum amid a rearrangement of LUNC positions after BtcTurk crypto exchange delisted LUNC after the hack. LUNC futures open interest rises 24% in the last 4 hours.
LUNC price soars more than 10% in 24 hours. The price currently trades at $0.00008246, with a 24-hour low and high of $0.00007255 and $0.00008257, respectively. Moreover, trading volume has increased by 50% in the last 24 hours.
Meanwhile, USTC price also jumped more than 5%, with the price currently changing hands at $0.0181. The 24-hour trading volume saw a rise of 136%. USTC futures open interest also rise over 21% in the past few hours, implying a possible reversal.
#lunaclasic
LUNC and USTC Prices Hitting Resistance
Terra Classic ecosystem tokens hitting resistance levels to gain upside momentum, but fail to break the levels amid uncertainty in the crypto market.
LUNC price jumped 2% in the last 24 hours but gave up most gains once again. The price currently trades at $0.00009079, with a 24-hour low and high of $0.00008877 and $0.00009432, respectively. Moreover, trading volume decreased by 45% in the last 24 hours, indicating a lack of interest among traders.
Futures traders are mainly moving LUNC prices, as per CoinGlass data. The total LUNC futures open interest jumped over 4% in the last 24 hours, but traders sold LUNC in the last few hours.
Meanwhile, USTC price also fell more than 1%, with the price currently changing hands at $0.01847. The 24-hour trading volume saw a 63% drop in the last 24 hours as traders failed to hold the recovery. USTC hit a 24-hour high of $0.01972.
LUNC and USTC Prices Hitting Resistance
Terra Classic ecosystem tokens hitting resistance levels to gain upside momentum, but fail to break the levels amid uncertainty in the crypto market.
LUNC price jumped 2% in the last 24 hours but gave up most gains once again. The price currently trades at $0.00009079, with a 24-hour low and high of $0.00008877 and $0.00009432, respectively. Moreover, trading volume decreased by 45% in the last 24 hours, indicating a lack of interest among traders.
Futures traders are mainly moving LUNC prices, as per CoinGlass data. The total LUNC futures open interest jumped over 4% in the last 24 hours, but traders sold LUNC in the last few hours.
Meanwhile, USTC price also fell more than 1%, with the price currently changing hands at $0.01847. The 24-hour trading volume saw a 63% drop in the last 24 hours as traders failed to hold the recovery. USTC hit a 24-hour high of $0.01972.
Luna Classic Price Prediction: LUNC Prints Minor Gain as It Attempts to Break Resistance
The Luna Classic price rebounded from a positive medium-term trend line on its daily chart over the past few days, and is currently attempting to establish a position above the $0.00009990 mark. Should it establish a strong position above this key level in the next week, it may have the foundation needed to rise to $0.00014915 in the following few days.
On the other hand, the Luna Classic price getting rejected by the $0.00009990 price point in the upcoming days may put the altcoin at risk of dropping to the subsequent support level at $0.00007930. In an extremely bearish scenario, $LUNC could drop to as low as $0.00005995 if traders continue to exert sell pressure on the crypto’s price.
Technicals Show LUNC Has Entered a Positive Trend
Technical indicators on LUNC’s daily chart suggest that the Luna Classic price may continue to rise in the next 48 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bullish.
The MACD line recently crossed above the MACD Signal line. This specific technical flag may be a signal that the Luna Classic price has entered into a bullish cycle. In addition to this, the RSI is positioned above its Simple Moving Average (SMA) line, which could be a sign that buyers currently have the upper hand against sellers on LUNC’s daily chart.
#LUNC #lunaclasic
The Luna Classic price rebounded from a positive medium-term trend line on its daily chart over the past few days, and is currently attempting to establish a position above the $0.00009990 mark. Should it establish a strong position above this key level in the next week, it may have the foundation needed to rise to $0.00014915 in the following few days.
On the other hand, the Luna Classic price getting rejected by the $0.00009990 price point in the upcoming days may put the altcoin at risk of dropping to the subsequent support level at $0.00007930. In an extremely bearish scenario, $LUNC could drop to as low as $0.00005995 if traders continue to exert sell pressure on the crypto’s price.
Technicals Show LUNC Has Entered a Positive Trend
Technical indicators on LUNC’s daily chart suggest that the Luna Classic price may continue to rise in the next 48 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bullish.
The MACD line recently crossed above the MACD Signal line. This specific technical flag may be a signal that the Luna Classic price has entered into a bullish cycle. In addition to this, the RSI is positioned above its Simple Moving Average (SMA) line, which could be a sign that buyers currently have the upper hand against sellers on LUNC’s daily chart.
#LUNC #lunaclasic
#lunaclasic Scammers team scammed the money from the traders all around the world and they ll pay fine (that is actually bribe )as settlement to U s waoo ImS securities is enjoying free (bribe) money of scamers.
They both are scamers.
#U.S. fines (is bribed ) and claps to collect free money as already they did with #cz判罚 ,
This thing ll help to increase the scam rate in crypto market like you ll do 1000 billion scam and have to give 10% to the scamers helper of U.S Securities and your money ll be white 😂.
(Terraform Labs agreed to pay $4.47 billion in fines after reaching a settlement with the U.S. Securities and Exchange Commission over its algorithmic stablecoin that fell dramatically in 2022)
I am one who lost $47k in $LUNC and in #Ustc Scam.
who ll refund to the traders.?? (These scamers and bribers or bribe takers??)
There should be a court for traders as well as
these scamers collecting money from our pocket and enjoying it on @Wars
Its all seems Ridiculous.
Thats why (U.S Securities) they ll never ever let the crypto be an asset like Gold, Or fiat.
$BTC $ETH #BTC☀
They both are scamers.
#U.S. fines (is bribed ) and claps to collect free money as already they did with #cz判罚 ,
This thing ll help to increase the scam rate in crypto market like you ll do 1000 billion scam and have to give 10% to the scamers helper of U.S Securities and your money ll be white 😂.
(Terraform Labs agreed to pay $4.47 billion in fines after reaching a settlement with the U.S. Securities and Exchange Commission over its algorithmic stablecoin that fell dramatically in 2022)
I am one who lost $47k in $LUNC and in #Ustc Scam.
who ll refund to the traders.?? (These scamers and bribers or bribe takers??)
There should be a court for traders as well as
these scamers collecting money from our pocket and enjoying it on @Wars
Its all seems Ridiculous.
Thats why (U.S Securities) they ll never ever let the crypto be an asset like Gold, Or fiat.
$BTC $ETH #BTC☀
Terra Luna Classic L1TF Approves Dyncomm; Community Rejects Validator Commission Proposal
Terra Luna Classic community has rejected a proposal to enforce a 5% minimum validator commission. The community remained divided on the voting decision as the proposal received 37% votes in favor and 51% votes in opposition. Meanwhile, dyncomm module for dynamic validator commissions is officially approved by the L1 team.
Terra Luna Classic Community Focus on Validators
Terra Luna Classic’s core developer L1TF has officially approved dyncomm module for dynamic validator commissions. Dyncomm will be tested on the rebel-2 testnet next week, expected around November 7.
Former L1TF developer Fragwuerdig will manage and lead the dynamic validator commissions development. After thorough testing, dyncomm will be rolled out to the columbus-5 mainnet.
Meanwhile, the community rejects Proposal 11853 “Enforce minimum 5% validator commission.” It aimed to implement a minimum validator commission of 5% as some validators still have are below the mandatory 5% commission. a failure of functional code preventing validators from breaking governance rules of a minimum 5% commission.
#lunaclasic #sol
Terra Luna Classic community has rejected a proposal to enforce a 5% minimum validator commission. The community remained divided on the voting decision as the proposal received 37% votes in favor and 51% votes in opposition. Meanwhile, dyncomm module for dynamic validator commissions is officially approved by the L1 team.
Terra Luna Classic Community Focus on Validators
Terra Luna Classic’s core developer L1TF has officially approved dyncomm module for dynamic validator commissions. Dyncomm will be tested on the rebel-2 testnet next week, expected around November 7.
Former L1TF developer Fragwuerdig will manage and lead the dynamic validator commissions development. After thorough testing, dyncomm will be rolled out to the columbus-5 mainnet.
Meanwhile, the community rejects Proposal 11853 “Enforce minimum 5% validator commission.” It aimed to implement a minimum validator commission of 5% as some validators still have are below the mandatory 5% commission. a failure of functional code preventing validators from breaking governance rules of a minimum 5% commission.
#lunaclasic #sol
SEC seeks summary judgment in Do Kwon and Terraform Labs case #lunaclasic #LUNA2
The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities.
The United States Securities and Exchange Commission (SEC) has refuted the jury’s conclusion regarding Terraform Labs’ alleged violations and has demanded a summary judgment on all the claims.
A court filing from Oct. 27 showed the SEC’s reluctance to accept the jury’s leniency toward Do Kwon and his involvement in facilitating the frauds that eventually led to the collapse of the Terra ecosystem. The filing in the U.S. District Court for the Southern District of New York read:
“No rational jury could conclude that Kwon was not liable for Terraform’s violations of Exchange Act Section 10(b) and Rule 10b-5 thereunder pursuant to Exchange Act Section 20(a).”
The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra
LUNA tokens as securities.
SEC seeks summary judgment in Kwon and Terraform Labs case. Source: CourtListener
On the same day, Kwon and Terraform Labs asked the judge to toss the SEC’s lawsuit, arguing that Terra Classic (LUNC), TerraClassicUSD (USTC), Mirror Protocol (MIR) and its mirrored assets (mAssets) are not securities as the SEC alleged.
However, the SEC maintains that Kwon and Terraform Labs offered and sold securities, sold LUNA and MIR in unregistered transactions, engaged in transactions involving mAssets and committed fraud.
The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities.
The United States Securities and Exchange Commission (SEC) has refuted the jury’s conclusion regarding Terraform Labs’ alleged violations and has demanded a summary judgment on all the claims.
A court filing from Oct. 27 showed the SEC’s reluctance to accept the jury’s leniency toward Do Kwon and his involvement in facilitating the frauds that eventually led to the collapse of the Terra ecosystem. The filing in the U.S. District Court for the Southern District of New York read:
“No rational jury could conclude that Kwon was not liable for Terraform’s violations of Exchange Act Section 10(b) and Rule 10b-5 thereunder pursuant to Exchange Act Section 20(a).”
The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra
LUNA tokens as securities.
SEC seeks summary judgment in Kwon and Terraform Labs case. Source: CourtListener
On the same day, Kwon and Terraform Labs asked the judge to toss the SEC’s lawsuit, arguing that Terra Classic (LUNC), TerraClassicUSD (USTC), Mirror Protocol (MIR) and its mirrored assets (mAssets) are not securities as the SEC alleged.
However, the SEC maintains that Kwon and Terraform Labs offered and sold securities, sold LUNA and MIR in unregistered transactions, engaged in transactions involving mAssets and committed fraud.
#LUNC back to ATH is the goal #Hold while we pomp like crazy
🐂✈️🚀🚀
#LuncArmy #lunaclasic #cryptocurrencies.LUNC
🐂✈️🚀🚀
#LuncArmy #lunaclasic #cryptocurrencies.LUNC
Terra Luna Classic (LUNC) And USTC Prices Rising Today, Here’s Why
LUNC and USTC backed by the Terra Classic community showcased gains following 800 million USTC burn proposal and Fed announcement.The cryptocurrencies backed by the Terra Classic ecosystem, LUNC and USTC, recently amassed noteworthy attention among crypto market fanatics as the tokens showcased significant upward market trajectories on Thursday. Moreover, the rise in prices comes amid the proposal of burning of USTC, stirring speculations across the broader crypto market.Intriguingly, the price surge also comes amid a recent fed announcement, boosting traders’ confidence.However, in contrast to the price drop witnessed by the Terra Classic-backed tokens in recent days, the announcement of unchanged interest rates accompanied by a colossal burn proposal appears to have jacked up the LUNC and USTC prices.Why The Price Upswing?The price upswing witnessed by USTC is primarily attributed to the recent proposal of burning 800 million USTC tokens via Lunanauts, Terra Classic Luna validators. This comes as an effort by the Terra community to build further support for their token, as the price dropped significantly recently.In addition, another chronicle appears to have bolstered the price pump witnessed by the Terra Classic tokens.Amid the U.S. Federal Reserve’s recent announcement of unchanged interest rates for the three times consecutively, traders’ and investors’ confidence in the crypto market appears to have skyrocketed. Concerning this, the LUNC price and the USTC price seem to have soared today.LUNC and USTC Price AnalysisAs of writing, the LUNC price noted a jump of 3% over the past day, currently trading at $0.0001741. However, the token seems to have amassed bearish sentiments following its price-down surge over the past week. In contrast to the past week’s fall, the token’s surge today appears to have caught the eyes of crypto traders globally.Moreover, even the USTC price recorded a marginal jump of 0.53% in the past 24 hours, currently resting at $0.03967. Concurrent with the LUNC’s price drop over the past week, the USTC price also appears to have mirrored the fall, down swinging 12% over the past week.Besides, the price soar witnessed by the tokens today comes primarily in alignment with the recent USTC burning chronicle escorted by the Federal Reserve’s announcement.#LUNA+4.07% #LUNA+4.07% #LUNA2/USDT #Lunaticstoken #LUNA2USDT #lunaclasic
#lunac #lunaclasic
Terra Classic To Implement Burn Tax Into Gas Fees
Proposal 12115 “Genuine Labs Tax2Gas Implementation” has passed in governance voting on Station wallet. The proposal by Genuine Labs aims to proceed with incorporating tax into the gas. The team will also work on increasing chain security by preventing attack vectors using e2e-test.
The proposal received 74.91% “Yes” and 25.03% “Abstain” votes. This indicates some community members were reluctant to accept the Tax2Gas implementation. Most validators who participated have voted in favor of the proposal. It received support from validators such as Interstellar Lounge, JESUSisLORD, Stakely, HappyCattyCrypto, StakeBin, and others.
However, top Terra Luna Classic validator Allnodes voted “Abstain” and warned the community about the low level of discussions.
“We are abstaining as we acknowledge the community sentiment. It is important to note that we are not satisfied with the public communication and will consider voting NO on further proposals if we do not see an improvement.”
As CoinGape reported earlier, Tax2Gas proposal is game-changing as it will resolve issues including contract developers’ need to calculate the burn tax manually. The issues are — clients or dApps have to calculate the tax themselves as the simulation endpoint only provides gas estimates. Migrating audited dApps becomes cumbersome due to these Classic-specific adjustments, leading to potential re-audits.
Genuine Labs developers require 5 weeks for research, development, and basic testing and deployment. The estimated total budget is $25,000 in LUNC.
Terra Classic To Implement Burn Tax Into Gas Fees
Proposal 12115 “Genuine Labs Tax2Gas Implementation” has passed in governance voting on Station wallet. The proposal by Genuine Labs aims to proceed with incorporating tax into the gas. The team will also work on increasing chain security by preventing attack vectors using e2e-test.
The proposal received 74.91% “Yes” and 25.03% “Abstain” votes. This indicates some community members were reluctant to accept the Tax2Gas implementation. Most validators who participated have voted in favor of the proposal. It received support from validators such as Interstellar Lounge, JESUSisLORD, Stakely, HappyCattyCrypto, StakeBin, and others.
However, top Terra Luna Classic validator Allnodes voted “Abstain” and warned the community about the low level of discussions.
“We are abstaining as we acknowledge the community sentiment. It is important to note that we are not satisfied with the public communication and will consider voting NO on further proposals if we do not see an improvement.”
As CoinGape reported earlier, Tax2Gas proposal is game-changing as it will resolve issues including contract developers’ need to calculate the burn tax manually. The issues are — clients or dApps have to calculate the tax themselves as the simulation endpoint only provides gas estimates. Migrating audited dApps becomes cumbersome due to these Classic-specific adjustments, leading to potential re-audits.
Genuine Labs developers require 5 weeks for research, development, and basic testing and deployment. The estimated total budget is $25,000 in LUNC.
#lunaclasic #lunac #ustc
Binance Expands Support For LUNC And USTC Revival To $1Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.Binance TH Announces “LUNC from Collapse to Resurrection”In a post on X social media platform on June 15, Binance TH introduces “LUNC from collapse to resurrection?” event to the crypto community. Binance TH by Gulf Binance looking for people who have experienced the Terra-Luna crisis and still believe in LUNC revival.
“Binance TH by Gulf Binance will contact those who suffered the most from LUNC to invite them to join the discussion and share their experiences through Binance TH Live with us. By Those selected will receive Binance TH Swag and special prizes,” said the crypto exchange.
Former Binance’s CEO Changpeng Zhao started supporting the Terra Classic revival after the community and developers took governance into their hands. Binance has burned 60.42 billion LUNC tokens in the burn campaign to remove tokens for supply.
Binance Expands Support For LUNC And USTC Revival To $1Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.Binance TH Announces “LUNC from Collapse to Resurrection”In a post on X social media platform on June 15, Binance TH introduces “LUNC from collapse to resurrection?” event to the crypto community. Binance TH by Gulf Binance looking for people who have experienced the Terra-Luna crisis and still believe in LUNC revival.
“Binance TH by Gulf Binance will contact those who suffered the most from LUNC to invite them to join the discussion and share their experiences through Binance TH Live with us. By Those selected will receive Binance TH Swag and special prizes,” said the crypto exchange.
Former Binance’s CEO Changpeng Zhao started supporting the Terra Classic revival after the community and developers took governance into their hands. Binance has burned 60.42 billion LUNC tokens in the burn campaign to remove tokens for supply.
#lunaclasic #lunac
LUNC and USTC to $1
LUNC developer groups, validators, and the community are actively supporting the LUNC revival to $1 and USTC repeg to $1.Meanwhile, developers are looking Terra Luna Classic proposal to implement Tax2Gas and remove the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers, as per a proposal by StrathCole and Genuine Labs.LUNC price jumped 0.21% in the last 24 hours, with the price currently trading at $0.00097. The 24-hour low and high are $0.0000918 and $0.00009709, respectively. Moreover, trading volume decreased by 12% in the last 24 hours.Meanwhile, USTC price also climbed 0.5%, with the price now trading at $0.0183. The 24-hour trading volume saw a 22% rise in the last 24 hours as traders bought the dip.
LUNC and USTC to $1
LUNC developer groups, validators, and the community are actively supporting the LUNC revival to $1 and USTC repeg to $1.Meanwhile, developers are looking Terra Luna Classic proposal to implement Tax2Gas and remove the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers, as per a proposal by StrathCole and Genuine Labs.LUNC price jumped 0.21% in the last 24 hours, with the price currently trading at $0.00097. The 24-hour low and high are $0.0000918 and $0.00009709, respectively. Moreover, trading volume decreased by 12% in the last 24 hours.Meanwhile, USTC price also climbed 0.5%, with the price now trading at $0.0183. The 24-hour trading volume saw a 22% rise in the last 24 hours as traders bought the dip.
We keep breaking ATH on staking #LUNC✅ .This is very important as we take more and more coins out of circulation. This will help stabilize the price as well... congratulations #lunatics 🎊 #TerraClassic 🔥 $LUNC #USTC.智能策略库 $USTC #lunaclasic #lunccommunity 👏
