As at press time, $LUNC
is trading at $0.00009278, reflecting a 1.47% increase in the last 24 hours. The nearest support level is $0.00009138, a point where the price briefly dipped before rebounding.

If #LUNC✅ drops below this level, the next support could be around $0.000090. On the resistance side, the price recently tested $0.0000970 but failed to break through.

There is another resistance level at $0.0000960, a peak the price hit before falling. If LUNC moves past these resistance levels, it may trigger a stronger bullish move, but if it fails, a price retracement is possible.
#BinanceBlockchainWeek

#TerraLunaClassic ’s price has climbed alongside the increasing burn activity. Over 320 million $LUNC
tokens were removed from circulation this past week.

LUNC.TECH data shows that 15 million #LUNC✅ were burned today alone, both through direct burns and tax mechanisms. This increased burn rate has played a key role in the token’s price performance. Reducing the supply often leads to higher demand, which can drive prices up. #TerraClassic ’s strategic token burn initiative is a central part of its plan to restore value and stability to its ecosystem.
#BinanceBlockchainWeek

#TerraLunaClassic (LUNC) is gaining traction following a significant weekly token burn of 320 million $LUNC
. This burn, which reduces the token’s overall supply, is seen by traders as a positive sign for price appreciation.

As the supply of #LUNC✅ shrinks, investors are anticipating increased price pressure, which could fuel an upward trend. This burn event, coupled with growing interest in the #TerraClassic ecosystem, has contributed to a surge in LUNC’s price over the past 24 hours, making it a key focus in the cryptocurrency market.
#BinanceBlockchainWeek

The Terra proposal dubbed 12141 and titled “Dealing with #CoinMarketCap   and other listings” seeks the community’s approval to gain access to TerraForm Lab’s listed #TerraClassic   on cryptocurrency aggregators like CoinMarketCap the world’s most trusted and accurate source for crypto market capitalizations.

These platforms display key information about crypto assets, such as price data, #tradingvolume , and links to official websites, which are vital for the visibility and reputation of the token. Despite TFL’s bankruptcy, it is still the sole entity that has the ability to log in and control these important management systems. No one else can access or update them without these “keys.” Notably, network validators Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First $LUNC
were first to vote “Yes” with 99.95% votes in favor.

Allnodes, a node hosting, and validator service has volunteered to temporarily take responsibility for managing access to these dashboards and any related agreements. As a custodian, Allnodes will safeguard and oversee these access rights until the TerraClassic governance decides on a long-term solution.

In other developments in the Terra ecosystem, OrbitLabs a cutting-edge blockchain development team that offers comprehensive solutions for both on-chain and cross-chain decentralized applications, submitted a proposal to the Terra Luna Classic Ecosystem. The primary goal of the proposal is to remove forked modules in the network’s standard upstream modules that have caused the Terra Classic codebase to move further away from the original or “upstream” version. This has increased divergence, driving up maintenance costs because it requires more effort to manage and support the differing codebases.

The Singapore-based company filed for Chapter 11 bankruptcy in Delaware following the collapse of its algorithmic stablecoin UST and its companion cryptocurrency $LUNA
, which precipitated a market implosion wiping out around $40 billion in value last year.

As part of the bankruptcy process, the company may be forced to wind down its operations leading to the closure of its products and services such as the Alliance Hub, Mantlemint, FCD, and API services. If no third parties take them over, the company will shut down on October 30. #LUNC✅   trades at $0.00009238, gaining 0.99% in the last 24 hours as its trading volume surged 73.14% while its market cap stands at $526 million.
#BinanceBlockchainWeek

Luna Classic’s (LUNC) journey embodies perseverance. Despite the challenges faced by Terra Luna, LUNC has established itself as a token driven by its community, ready to explore new horizons. Can it regain its place among the major cryptos? Here’s why many investors see LUNC as an opportunity to seize:

1. A Mobilized and Determined Community
The LUNC community is not just passive holders: they are passionate advocates, developers, and innovators dedicated to giving the token a new lease on life. Through their collective engagement, community initiatives aim to reduce the supply of LUNC, increasing its potential scarcity and, potentially, its value. This community effort keeps the excitement around LUNC alive, with new ideas to diversify its applications and strengthen its market presence.

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$LUNC

The Terra proposal dubbed 12141 and titled “Dealing with #CoinMarketCap   and other listings” seeks the community’s approval to gain access to TerraForm Lab’s listed #TerraClassic  on cryptocurrency aggregators like CoinMarketCap the world’s most trusted and accurate source for crypto market capitalizations.

These platforms display key information about crypto assets, such as price data, #tradingvolume , and links to official websites, which are vital for the visibility and reputation of the token. Despite TFL’s bankruptcy, it is still the sole entity that has the ability to log in and control these important management systems. No one else can access or update them without these “keys.” Notably, network validators Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First $LUNC
were first to vote “Yes” with 99.95% votes in favor.

Allnodes, a node hosting, and validator service has volunteered to temporarily take responsibility for managing access to these dashboards and any related agreements. As a custodian, Allnodes will safeguard and oversee these access rights until the TerraClassic governance decides on a long-term solution.

In other developments in the Terra ecosystem, OrbitLabs a cutting-edge blockchain development team that offers comprehensive solutions for both on-chain and cross-chain decentralized applications, submitted a proposal to the Terra Luna Classic Ecosystem. The primary goal of the proposal is to remove forked modules in the network’s standard upstream modules that have caused the Terra Classic codebase to move further away from the original or “upstream” version. This has increased divergence, driving up maintenance costs because it requires more effort to manage and support the differing codebases.

The Singapore-based company filed for Chapter 11 bankruptcy in Delaware following the collapse of its algorithmic stablecoin UST and its companion cryptocurrency $LUNA, which precipitated a market implosion wiping out around $40 billion in value last year.

As part of the bankruptcy process, the company may be forced to wind down its operations leading to the closure of its products and services such as the Alliance Hub, Mantlemint, FCD, and API services. If no third parties take them over, the company will shut down on October 30. #LUNC✅   trades at $0.00009238, gaining 0.99% in the last 24 hours as its trading volume surged 73.14% while its market cap stands at $526 million.
#TetherUnderInvestigation

The Terra proposal dubbed 12141 and titled “Dealing with #CoinMarketCap and other listings” seeks the community’s approval to gain access to TerraForm Lab’s listed #TerraClassic on cryptocurrency aggregators like CoinMarketCap the world’s most trusted and accurate source for crypto market capitalizations.

These platforms display key information about crypto assets, such as price data, #tradingvolume , and links to official websites, which are vital for the visibility and reputation of the token. Despite TFL’s bankruptcy, it is still the sole entity that has the ability to log in and control these important management systems. No one else can access or update them without these “keys.” Notably, network validators Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First $LUNC
were first to vote “Yes” with 99.95% votes in favor.

Allnodes, a node hosting, and validator service has volunteered to temporarily take responsibility for managing access to these dashboards and any related agreements. As a custodian, Allnodes will safeguard and oversee these access rights until the TerraClassic governance decides on a long-term solution.

In other developments in the Terra ecosystem, OrbitLabs a cutting-edge blockchain development team that offers comprehensive solutions for both on-chain and cross-chain decentralized applications, submitted a proposal to the Terra Luna Classic Ecosystem. The primary goal of the proposal is to remove forked modules in the network’s standard upstream modules that have caused the Terra Classic codebase to move further away from the original or “upstream” version. This has increased divergence, driving up maintenance costs because it requires more effort to manage and support the differing codebases.

The Singapore-based company filed for Chapter 11 bankruptcy in Delaware following the collapse of its algorithmic stablecoin UST and its companion cryptocurrency $LUNA
, which precipitated a market implosion wiping out around $40 billion in value last year.

As part of the bankruptcy process, the company may be forced to wind down its operations leading to the closure of its products and services such as the Alliance Hub, Mantlemint, FCD, and API services. If no third parties take them over, the company will shut down on October 30. #LUNC✅ trades at $0.00009238, gaining 0.99% in the last 24 hours as its trading volume surged 73.14% while its market cap stands at $526 million.
#USJoblessClaimsDip

⌛$LUNC news: The Terra Classic community has advanced a proposal that aims to reduce the broader costs of the ecosystem. The proposal, which was submitted on October 20, already received a majority vote in favor of it. Besides, it also comes as the community anticipates a LUNC price breakout in the coming days.
$LUNC News: Terra Classic Advances Key Proposal To Reduce Costs
In the latest LUNC News, the Terra Classic community advances a major proposal to remove forked mainline modules from its ecosystem. OrbitLabs, the team behind the proposal, argues that the current system has caused higher maintenance costs and technical debts, which decreases the efficacy of the ecosystem.
So, removing these outdated components and adopting standard modules would help the Terra ecosystem to benefit from improved maintainability, enhanced security, and quicker adoption of upstream updates. Notably, one key issue highlighted in the proposal is the use of outdated versions of Cosmos modules, which has led to increased complexity in the system.
Meanwhile, the forked versions not only raise operational costs but also increase the risk of missing important security updates, the proposal said. OrbitLabs stressed that without action, Terra Classic would face growing security risks, higher expenses, and diminished competitiveness in the evolving crypto landscape.
So, the proposal plan, which involves two phases, will first focus on updating the consensus engine and the Cosmos SDK. By doing so, Terra Classic will be more in line with the latest security features and innovations from the Cosmos ecosystem.
On the other hand, the second phase will involve upgrading the Wasmd contract system, ensuring compatibility with existing smart contracts, and minimizing disruptions during migration. Notably, if the proposal passes final approval, the timeline includes eight weeks for phase one and another ten weeks for phase two.
Once completed, Terra Classic can expect a more sustainable and competitive blockchain, positioning itself as a more appealing platform for future growth.
LUNC Price Eyes Breakout Amid Major Developments
The market speculations also soared over a potential breakout for LUNC price in the coming days amid major developments. For context, the Terra Luna Classic community is on the verge of approving Proposal 12141, which aims to reclaim control of LUNC’s listings on CoinMarketCap and other aggregators.
This $LUNC News has also sparked optimism among market enthusiasts. As of writing, LUNC price was up nearly 4% to $0.00009373, while its trading volume skyrocketed 190% to $52.92 million. The token saw a 24-hour high of $0.00009714, and Terra Classic Open Interest rose 9% to $9.57 million.
Meanwhile, the latest Terra Classic price prediction hints at a potential rally to $0.00015 for the crypto. The analysis cites several developments like the LUNC burn and others that could trigger the rally.
#LUNC⚡ #USJoblessClaimsDip #EthereumPectraUpgrade

#TerraLunaClassic to $1: Is It Possible?

As the cryptocurrency landscape shifts, Terra Luna Classic ($LUNC
) has gained attention for its potential to reach $1. Here’s why that could happen:

Key Factors:

Community Strength: Since the challenges faced in 2022, the Terra community has demonstrated remarkable resilience and support, which is vital for the project's recovery and growth.

Burn Mechanism: Recent updates aim to reduce the supply of #LUNC✅ through token burns, which could increase demand and drive up its price.

Partnerships and Integrations: New collaborations within the crypto ecosystem are expanding LUNC's utility, making it more attractive to #investors .

Market Sentiment: With improving sentiment in the crypto market and rising interest in altcoins, LUNC could benefit as investors diversify their portfolios.

#TechnicalAnalysis : Indicators suggest a bullish trend in LUNC's price, hinting at potential upward momentum that could bring it closer to $1.

What Should Investors Do? Stay updated on market trends and community developments. Engaging with other investors can provide valuable insights and strategies as the community grows.

Could LUNC reach $1? What's your opinion on its potential?
#GameFiTokensRally