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đš LUNA Coin's Future: Clifton's Analysis đš
Respected analyst Clifton shares insights on LUNA Coin's prospects:
1. Legal Troubles: Do Kwon's guilt confirmed, with compensation claims and potential extradition looming.
1. Leadership Crisis: Terra's core team disbanded, new CEO faces significant challenges.
1. Declining Appeal: Alternatives emerge, reducing Terra's attractiveness.
1. Speculative Upside: Price spikes possible but come with heightened risk.
1. Technical Patterns: Consolidation may end with falling wedge breakout, signaling potential price moves.
Important Reminder:
Crypto investments are risky; always do your own research before investing.
#LUNAđ„đ„đ„ #TerraLabs #DOGSONBINANCE #BNBChainMemecoins #RiskManagement101
1. Legal Troubles: Do Kwon's guilt confirmed, with compensation claims and potential extradition looming.
1. Leadership Crisis: Terra's core team disbanded, new CEO faces significant challenges.
1. Declining Appeal: Alternatives emerge, reducing Terra's attractiveness.
1. Speculative Upside: Price spikes possible but come with heightened risk.
1. Technical Patterns: Consolidation may end with falling wedge breakout, signaling potential price moves.
Important Reminder:
Crypto investments are risky; always do your own research before investing.
#LUNAđ„đ„đ„ #TerraLabs #DOGSONBINANCE #BNBChainMemecoins #RiskManagement101
#MarketSentimentToday #Write2earn
LUNA and LUNC Surge as Terra Classic Community Votes on Major Upgrade
#LUNA #LUNC #TerraLabs
$LUNA $LUNC
LUNA and LUNC saw price gains of 14% and 9%, driven by a Terra Classic community vote on a key upgrade. The v3.1.5 proposal, aimed at improving network security and efficiency, is set for implementation on September 18, pending approval. Early votes show strong support for the upgrade, which includes critical security patches and gas simulation improvements.
LUNC rose to $0.00008612, while LUNA reached $0.3882, boosted by speculation of massive token burns linked to Terraform Labs' bankruptcy. Investor sentiment remains bullish as the vote continues with six days left.
LUNA and LUNC Surge as Terra Classic Community Votes on Major Upgrade
#LUNA #LUNC #TerraLabs
$LUNA $LUNC
LUNA and LUNC saw price gains of 14% and 9%, driven by a Terra Classic community vote on a key upgrade. The v3.1.5 proposal, aimed at improving network security and efficiency, is set for implementation on September 18, pending approval. Early votes show strong support for the upgrade, which includes critical security patches and gas simulation improvements.
LUNC rose to $0.00008612, while LUNA reached $0.3882, boosted by speculation of massive token burns linked to Terraform Labs' bankruptcy. Investor sentiment remains bullish as the vote continues with six days left.
#MarketSentimentToday #Write2earn
Terra Luna Classicâs Tax2Gas Upgrade Nears Completion
#TerraLabs #LUNC #Tax2Gas
$LUNC $LUNA $USTC
Terra Luna Classic (LUNC) developers are close to finishing the highly anticipated Tax2Gas upgrade, aimed at improving network performance and potentially boosting LUNC prices. The exact release date remains unclear as testing continues on the rebel testnet.
What is the Tax2Gas Upgrade?
Developed by Genuine Labs, the upgrade will automate the burn tax calculation for contract developers, simplifying dApp deployment on Terra Luna Classic. Despite internal delays, most of the work is now complete.
Will LUNC and USTC Prices Recover?
LUNC's price is down 2% in the last 24 hours, trading at $0.00007537, with USTC also falling by 3%. While both tokens are struggling, the Tax2Gas upgrade could lead to a price rebound as it improves the ecosystem's efficiency.
Conclusion
With the Tax2Gas upgrade nearing completion, Terra Luna Classic is set for a network boost that could positively impact LUNC and USTC prices.
Terra Luna Classicâs Tax2Gas Upgrade Nears Completion
#TerraLabs #LUNC #Tax2Gas
$LUNC $LUNA $USTC
Terra Luna Classic (LUNC) developers are close to finishing the highly anticipated Tax2Gas upgrade, aimed at improving network performance and potentially boosting LUNC prices. The exact release date remains unclear as testing continues on the rebel testnet.
What is the Tax2Gas Upgrade?
Developed by Genuine Labs, the upgrade will automate the burn tax calculation for contract developers, simplifying dApp deployment on Terra Luna Classic. Despite internal delays, most of the work is now complete.
Will LUNC and USTC Prices Recover?
LUNC's price is down 2% in the last 24 hours, trading at $0.00007537, with USTC also falling by 3%. While both tokens are struggling, the Tax2Gas upgrade could lead to a price rebound as it improves the ecosystem's efficiency.
Conclusion
With the Tax2Gas upgrade nearing completion, Terra Luna Classic is set for a network boost that could positively impact LUNC and USTC prices.
đš Terraform Labs transferred 1,075 BTC to a new address: bc1q5fâŠgtgwha at 20:31 UTC+8 on September 2, worth about $62.81 million. đ§
#TerraLabs #TeraLunaClassic #CryptoMarketMoves
#TerraLabs #TeraLunaClassic #CryptoMarketMoves
Terraform Labs and co-founder Do Kwon, after being found liable for fraud by a New York jury last month, told a judge they shouldnât have to pay the $5.3 billion fine requested by US regulators.
#DoKwon #TerraLabs
#DoKwon #TerraLabs
Two years ago this week, the price of Terra's LUNA coin experienced a staggering drop from $119 to just $1. This event shook the cryptocurrency market, causing significant losses for investors and raising concerns about the Terra network's reliability. Analysts and investors closely examined the reasons behind this crash and discussed the impact on the Terra ecosystem and its recovery. Join the conversation to share your thoughts on this noteworthy event. #TerraLabs #LUNA #DoKwon
$BTC
$ETH
$SOL
$BTC
$ETH
$SOL
đ„đ„đ„đ„Terraform Labsđ„đ„đ„
đŽTerraform Labs and its co-founder, Do Kwon, have reached a 'settlement in principle' with the U.S. Securities and Exchange Commission (SEC), according to a recent court entry. â
đŽThis marks a pivotal moment in their legal battle with the SEC. A Thursday filing revealed that a Wednesday telephone conference, which was not recorded, led to the cancellation of a previously scheduled oral argument set for May 29. âŒ
đŽThe filing stated, "The oral argument previously set for 5/29/2024 has been cancelled because the parties have informed the Court that they reached a settlement in principle. The parties must file, by 6/12/2024, papers in support of a proposed final judgment consistent with the settlement."đ
đŽThe SEC charged Terraform and Kwon in February 2023 over the collapse of the algorithmic stablecoin Terra USD (UST) a year earlier. Recently, the parties had been disputing the fine amounts, with Terraform and Kwon's lawyers arguing for fines closer to $1 million, while the SEC proposed a significantly higher fine of $5.3 billion.đ°
đŽThe trial against Terraform began in late March without Kwon, who was absent. In April, a jury found both Terraform and Kwon liable for civil fraud, concluding they had misled investors and violated federal securities laws through fraudulent activities associated with Terraform securities.đ
đŽMeanwhile, Kwon remains involved in legal proceedings concerning his extradition to the U.S. or South Korea. He was arrested in Montenegro in March 2023 for using a counterfeit passport while trying to leave the country.$LUNA $LUNC $USTC #LUNAđ„đ„đ„ #LUNCâ #USTC #TerraLabs #TerraClassic
đŽTerraform Labs and its co-founder, Do Kwon, have reached a 'settlement in principle' with the U.S. Securities and Exchange Commission (SEC), according to a recent court entry. â
đŽThis marks a pivotal moment in their legal battle with the SEC. A Thursday filing revealed that a Wednesday telephone conference, which was not recorded, led to the cancellation of a previously scheduled oral argument set for May 29. âŒ
đŽThe filing stated, "The oral argument previously set for 5/29/2024 has been cancelled because the parties have informed the Court that they reached a settlement in principle. The parties must file, by 6/12/2024, papers in support of a proposed final judgment consistent with the settlement."đ
đŽThe SEC charged Terraform and Kwon in February 2023 over the collapse of the algorithmic stablecoin Terra USD (UST) a year earlier. Recently, the parties had been disputing the fine amounts, with Terraform and Kwon's lawyers arguing for fines closer to $1 million, while the SEC proposed a significantly higher fine of $5.3 billion.đ°
đŽThe trial against Terraform began in late March without Kwon, who was absent. In April, a jury found both Terraform and Kwon liable for civil fraud, concluding they had misled investors and violated federal securities laws through fraudulent activities associated with Terraform securities.đ
đŽMeanwhile, Kwon remains involved in legal proceedings concerning his extradition to the U.S. or South Korea. He was arrested in Montenegro in March 2023 for using a counterfeit passport while trying to leave the country.$LUNA $LUNC $USTC #LUNAđ„đ„đ„ #LUNCâ #USTC #TerraLabs #TerraClassic
$LUNC can reach $5 already 2026!! đđ
Read the news from #TerraLabs / #TerraEcosystem
#Lunc2TheMoonSoon
Read the news from #TerraLabs / #TerraEcosystem
#Lunc2TheMoonSoon
#Binance and #TerraEcosystem prepared the first necessary things for the ultimate burning to bring LUNC To $1 and above! The primary goal is LUNC , USTC isn't an important sector for the #TerraClassicUpgrade so #TerraLabs announced 1 week ago.
"Our primary goal is to make the coin attractive and stable again, people they lost a lot of money can make huge profits in the next years with LUNC"
$LUNA doesn't get involved in the whole project!
#LUNAUpdate
source: X
"Our primary goal is to make the coin attractive and stable again, people they lost a lot of money can make huge profits in the next years with LUNC"
$LUNA doesn't get involved in the whole project!
#LUNAUpdate
source: X
Two years ago this week, the cryptocurrency market witnessed a seismic event as Terra's LUNA coin plummeted from a peak of $119.02 to a mere $1. This sudden and drastic decline reverberated throughout the industry, sending shockwaves among investors and raising significant questions about the Terra network's stability and resilience.
The sharp nosedive in LUNA's value caused substantial losses for investors who were caught off guard by the sudden downturn. Many were left scrambling to understand the factors behind such a rapid collapse and to assess the implications for their investments. This event served as a stark reminder of the inherent volatility and risk associated with the cryptocurrency market.
In the wake of LUNA's crash, investors, analysts, and industry experts embarked on a thorough examination of the causes and consequences of the event. Discussions surrounding the Terra ecosystem's ability to withstand such shocks and its capacity for recovery became central topics of debate within the cryptocurrency community.
As the dust settled, attention turned towards the progress of Terra's recovery efforts and the measures being taken to restore confidence in the network. The incident underscored the importance of robust risk management strategies and the need for transparency and accountability within the cryptocurrency space.
Now, two years later, the aftermath of LUNA's dramatic decline continues to reverberate within the cryptocurrency ecosystem, serving as a cautionary tale for investors and highlighting the ever-present challenges facing emerging technologies like Terra.
#TerraLabs #Luna
The sharp nosedive in LUNA's value caused substantial losses for investors who were caught off guard by the sudden downturn. Many were left scrambling to understand the factors behind such a rapid collapse and to assess the implications for their investments. This event served as a stark reminder of the inherent volatility and risk associated with the cryptocurrency market.
In the wake of LUNA's crash, investors, analysts, and industry experts embarked on a thorough examination of the causes and consequences of the event. Discussions surrounding the Terra ecosystem's ability to withstand such shocks and its capacity for recovery became central topics of debate within the cryptocurrency community.
As the dust settled, attention turned towards the progress of Terra's recovery efforts and the measures being taken to restore confidence in the network. The incident underscored the importance of robust risk management strategies and the need for transparency and accountability within the cryptocurrency space.
Now, two years later, the aftermath of LUNA's dramatic decline continues to reverberate within the cryptocurrency ecosystem, serving as a cautionary tale for investors and highlighting the ever-present challenges facing emerging technologies like Terra.
#TerraLabs #Luna
Luna's all-time high market cap soared to an incredible $41 billion! đ For LUNC to reach that milestone again, it would need a nearly 60x price increase. While not impossible, it's certainly a tall order, especially in the short term. But donât count LUNC out just yet!
Even if it doesn't hit that psychological $1 mark, LUNC remains one of the top penny cryptos to watch. đ
#Lunc2TheMoonSoon #TerraLabs #TerraClassicLunc #Write2Earn #Binance
Even if it doesn't hit that psychological $1 mark, LUNC remains one of the top penny cryptos to watch. đ
#Lunc2TheMoonSoon #TerraLabs #TerraClassicLunc #Write2Earn #Binance
Terra Luna Classic Moves Closer To Tax2Gas Implementation
Terra Luna Classic L1 developer Genuine Labs shared a biweekly update on June 9 regarding developments for Tax2Gas implementation. According to the developer, the team worked on implementing Tax2Gas module, changes related to wasm handler plugin, and upgrading the handler. The work progress for Tax2Gas implementation can be found at Terra Classic GitHub.Genuine Labs revealed that the module will now hold gas price values of 22 denoms of Terra Classic. It will define the logic of the AnteHandler and PostHandler. Notably, the taxes now get converted to gas and the fee will only be consumed upon success transaction. In the next two weeks, the team will work on tasks such as unit tests for the new module and implementation, E2E tests, and manual tests and testnet. LUNC price mostly trading sideways in the last 24 hours, with the price currently trading at $0.00007074. The 24-hour low and high are $0.0000683 and $0.00007123, respectively. Moreover, trading volume decreased by 43% in the last 24 hours.
Meanwhile, USTC price is trading at $0.01567, down 12% in a week. The 24-hour trading volume saw a 41% drop in the last 24 hours as uncertainty rose amid BTC selloff by German Government.
#TerraLabs #LUNCâ #BTC_Bounce_Back_to_57k #BinanceTurns7 #Ton_Coin_Surge
Terra Luna Classic L1 developer Genuine Labs shared a biweekly update on June 9 regarding developments for Tax2Gas implementation. According to the developer, the team worked on implementing Tax2Gas module, changes related to wasm handler plugin, and upgrading the handler. The work progress for Tax2Gas implementation can be found at Terra Classic GitHub.Genuine Labs revealed that the module will now hold gas price values of 22 denoms of Terra Classic. It will define the logic of the AnteHandler and PostHandler. Notably, the taxes now get converted to gas and the fee will only be consumed upon success transaction. In the next two weeks, the team will work on tasks such as unit tests for the new module and implementation, E2E tests, and manual tests and testnet. LUNC price mostly trading sideways in the last 24 hours, with the price currently trading at $0.00007074. The 24-hour low and high are $0.0000683 and $0.00007123, respectively. Moreover, trading volume decreased by 43% in the last 24 hours.
Meanwhile, USTC price is trading at $0.01567, down 12% in a week. The 24-hour trading volume saw a 41% drop in the last 24 hours as uncertainty rose amid BTC selloff by German Government.
#TerraLabs #LUNCâ #BTC_Bounce_Back_to_57k #BinanceTurns7 #Ton_Coin_Surge