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🌖 Terra $LUNA Classic Price Prediction – Where Next for LUNC? Chat analysis suggests the Terra LUNA Classic bears are very much in control of the market right now. The 21DMA has acted as strong resistance going all the way back to late March. And the #TerraLunaClassic price has subsequently formed a clear downtrend. The March low, which #LUNC✅ broke below in mid-April, also acted as strong resistance earlier this week. These are all strong signs that lower prices are coming for $LUNC . A retest of April lows just above $0.00007 is likely in the coming weeks, a 30% drop from current levels. #ScamRiskWarning #BTC #bitcoin

🌖 Terra $LUNA Classic Price Prediction – Where Next for LUNC?

Chat analysis suggests the Terra LUNA Classic bears are very much in control of the market right now.

The 21DMA has acted as strong resistance going all the way back to late March. And the #TerraLunaClassic price has subsequently formed a clear downtrend.

The March low, which #LUNC✅ broke below in mid-April, also acted as strong resistance earlier this week.

These are all strong signs that lower prices are coming for $LUNC . A retest of April lows just above $0.00007 is likely in the coming weeks, a 30% drop from current levels.

#ScamRiskWarning #BTC #bitcoin

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🟠 Changpeng Zhao says crypto has entered new phase where ‘compliance is super important’ Former Binance CEO #ChangpengZhao said the crypto industry has entered the next phase where “compliance is super important.” Last year, #Zhao admitted guilt to federal #moneylaundering charges. Prosecutors spotlighted a corporate culture at Binance that neglected fraud prevention in pursuit of expansion, resulting in his departure from the company and a hefty $150 million fine. This sentencing arrives at a critical juncture for the emerging industry, which is witnessing intensified regulatory scrutiny worldwide. #fomc #bitcoin
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Can LUNC Reach $100? If the LUNC community was able to burn enough #tokens , then technically yes, LUNC could reach $100. Assuming LUNC maintains its current $600 million #marketcap , LUNC at $100 would imply a 6 million token supply. But LUNC’s current token supply is over 5.8 trillion. To get to a 6 million token supply, 99.99999% of the supply needs to be burnt. Market cap expansion could help reduce how many token burns would be required to get LUNC to $100. But LUNC lost all its utility when the Terra #ECOSYSTEM collapsed back in May 2022. $LUNC is basically just a speculative shitcoin at this point. Sure, it could see random 2-3x pumps as risk appetite surges. But it’s unlikely to become a multi-billion dollar crypto in the long run. Whilst its possible, it remains highly unlikely #LUNC✅ will ever reach $100. #BTC
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🌖 Impact of Proposal 12098 on LUNC Recent market trends indicate a bullish sentiment, with $LUNC gaining momentum for further recovery amidst prevailing selling pressure across the crypto market. At the time of writing, #LUNC✅ is trading at $0.0001074, representing an increase of 4.7% in the past 24 hours. The market capitalization also increased by 4.7% to $623 million, while trading volume demonstrated a remarkable 58% increase to 54 million. In a similar move, its associated #stablecoin , TerraClassicUSD (#USTC ) is also showing signs of recovery, trading at $0.01884. The market capitalization and trading volumes have increased by 2.8 and 8.6% to $168 million and $24 million respectively. #Metaverse #bitcoin
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🌖 Terra LUNA Classic Price Prediction as Community Revises Burn Tax – Can LUNC Reach $100? The Terra LUNA Classic (LUNC) price has failed to push to the north of its 21DMA and is reversing lower, despite the community revising the token’s burn tax. LUNC was last trading just below $0.0001050, having spent failed four a fourth successive day to break above its 21DMA. The revision to LUNC’s burn tax failed to lift sentiment, probably because the burn rate itself remains unchanged at 0.5%. The just-passed proposal changed around slightly what happens to those burned tokens. LUNC’s Oracle Pool will now receive 10% of burned tokens. Beforehand, this 10% had gone to “rewards”. The macro backdrop has been a headwind for crypto prices this month. Recent data, including the latest Core PCE report released on Friday, points to sticky high inflation in the US. That has forced investors to pare back on Fed rate cut bets. A subsequent rise US bond yields and the US dollar has hammered altcoins, $LUNC included. The #TerraLunaClassic price is down 34% so far this month, and down over 60% from March’s $0.00002550 highs. And bearish technicals suggest that the sell-off could be far from over. As the broader crypto market struggles, the Terra #LUNC✅ Classic price remains at risk of experiencing further. #BinanceLaunchpool #bitcoin #BTC
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🌖 Terra Luna Classic Overhauls LUNC Burn Tax with key move The Terra Luna Classic ($LUNC ) is seen to be undergoing notable changes following an approval to revise the cryptocurrency’s burn tax. The changes include a favorable vote for an oracle pool distribution from the Terra Luna Classic community. Terra Luna Classic Burn Tax Proposal Approved Recent reports reveal the Terra Luna Classic community successfully passed Proposal 12098 titled “Changing the Reward Share Distribution of the Burn Tax.” The proposal aims to alter the burn tax distribution to the community and Oracle pool. However, it is important to note that the proposal does not alter the burn tax rate, nor the amount sent to burn. At the moment, the proposal has gained 70% favorable votes, with 37 validators in support of the proposal. The essence of the proposal lies in its redistribution mechanism, which diverts a portion of the burn tax revenue away from immediate rewards and into the long-term staking incentives facilitated by the Oracle pool. According to recent information, #TerraClassic operates with a burn tax set at 0.5%. Under the distribution model, 80% of this tax is directed towards burn, with the remaining 20% shared evenly between the Community Pool and block rewards. However, with the approval of Proposal 12098, this distribution structure changes. Now, the 20% share designated for rewards will be divided equally between the Community Pool and the Oracle Pool. This adjustment demonstrates the resilience of the #TerraLunaClassic ecosystem. The community aims to strengthen long-term staking incentives and increase network participation and stability. One notable consequence of the revised distribution model is its potential impact on the Annual Percentage Rate (APR) for staking participants. With changes in the allocation of rewards towards the #Oracle pool, the APR may experience a marginal decrease of approximately 0.5%. This decrease is, however, dependent upon on-chain volumes. #fomc #BTC
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