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LUNC Price Prediction: Terra Classic Prepares For $1 On Recent Community Developments
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LUNC Price Prediction: The Terra Classic community is committed to enhancing network efficiency, reducing LUNC supply, improving the burn tax and other proactive developments.
Highlights
- LUNC price defends $0.0001 support as uncertainty dominates the crypto market.
- Terra Classic's possible relisting on Coinbase is based on the increase in staking and trading activity.
- Due to the lack of liquidity at the current level, LUNC could drop to $0.00008 bottom before the much-awaited rebound.
Developments in the Terra Classic community hinge on restoring LUNC and USTC tokens’ value. For instance, passing the Inter-Blockchain Communication (IBC) client will ensure interoperability between the Terra Class network and Kujira. Based on the prevailing technical structure, the LUNC price prediction affirms a potentially massive bullish outcome in May and the upcoming months.
Terra Classic Community Developments Could Pave The Way for LUNC Bull
Rumor this week is that Coinbase is considering reinstating support for LUNC. As reported in the Terra Classic price analysis, the push for such a move may be motivated by a spike in staking, not to mention the increase in market activity.
Coinbase relisting Terra Classic could build FOMO for the
token and accelerate the move above $0.001. LUNC price prediction shows the token hovering at $0.0001022 on Wednesday.
Despite the spike in community, Terra Classic has mirrored the general sluggishness of cryptocurrency assets
where major movements are scarce. A 1% loss in the last 24 hours in conjunction with a 10% decline in the trading volume to $20.4 million, underpins decreasing investor interest.
Terra Classic also posted a 3% drop in the market cap to $592 million. The token ranks #111 among other cryptos according to CoinMarketCap data.
Developers recently announced a major upgrade for the LUNC
token, expected to ignite a bullish momentum toward the coveted target of $0.001.