Terra Luna Classic Price Prediction as Binance Burns 59 Billion Tokens: $10 LUNC

LUNC has down 1% in 24 hours, with Terra Luna Classic falling $0.000108 while the crypto market gained 0.5% today.

The altcoin has gained 1% in a week, 6.5% in a month, and 16% in a year.

The latter proportion is low compared to larger coins, yet Binance burns little over 1 billion LUNC today, increasing its burn total to 59 billion.

This raises the overall burn to 113.3 billion LUNC, and the Terra Luna Classic community is still trying to increase the burn count and improve the coin's usability, so price rises are likely.

Terra Luna Classic Price Prediction as Binance Burns 59 Billion Tokens - $10 LUNC Incoming?
LUNC's price has steadied in the previous hour, indicating upcoming rises.

Its relative strength indicator (purple) rose to 60 after falling below 50 this morning, suggesting increases over the weekend as it approaches 70.


After a two-day slowdown, the 30-day average (orange) has resumed advancing above the 200-day (blue).


LUNC is performing well compared to its recent history, although its volume is little compared to big coins.

At $21 million, it's 75% down from the first week of May and 97.5% down from early March.

The crypto market is uninterested in LUNC, which it doubts will survive.

Terra Luna Classic is making small gains as an asset, with Binance burning over 1 billion LUNC yesterday.


LUNC burns altogether 113 billion, with the exchange burning 59 billion.

This is just 1.66% of the LUNC supply, which may explain why previous fires haven't affected the coin's price.

They nevertheless suggest that LUNC will make steady development in the next months as the Terra Luna Classic community debates and (sometimes) accepts recommendations to make the currency more viable.

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