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#MyFirstFeedPost #Write2Earn Hello, Binance Square! #LUNA and #lunaclasic will be around the corner big news !
#lunaclasic
LUNC and USTC Prices Hitting Resistance
Terra Classic ecosystem tokens hitting resistance levels to gain upside momentum, but fail to break the levels amid uncertainty in the crypto market.
LUNC price jumped 2% in the last 24 hours but gave up most gains once again. The price currently trades at $0.00009079, with a 24-hour low and high of $0.00008877 and $0.00009432, respectively. Moreover, trading volume decreased by 45% in the last 24 hours, indicating a lack of interest among traders.
Futures traders are mainly moving LUNC prices, as per CoinGlass data. The total LUNC futures open interest jumped over 4% in the last 24 hours, but traders sold LUNC in the last few hours.
Meanwhile, USTC price also fell more than 1%, with the price currently changing hands at $0.01847. The 24-hour trading volume saw a 63% drop in the last 24 hours as traders failed to hold the recovery. USTC hit a 24-hour high of $0.01972.
LUNC and USTC Prices Hitting Resistance
Terra Classic ecosystem tokens hitting resistance levels to gain upside momentum, but fail to break the levels amid uncertainty in the crypto market.
LUNC price jumped 2% in the last 24 hours but gave up most gains once again. The price currently trades at $0.00009079, with a 24-hour low and high of $0.00008877 and $0.00009432, respectively. Moreover, trading volume decreased by 45% in the last 24 hours, indicating a lack of interest among traders.
Futures traders are mainly moving LUNC prices, as per CoinGlass data. The total LUNC futures open interest jumped over 4% in the last 24 hours, but traders sold LUNC in the last few hours.
Meanwhile, USTC price also fell more than 1%, with the price currently changing hands at $0.01847. The 24-hour trading volume saw a 63% drop in the last 24 hours as traders failed to hold the recovery. USTC hit a 24-hour high of $0.01972.
Luna Classic Price Prediction: LUNC Prints Minor Gain as It Attempts to Break Resistance
The Luna Classic price rebounded from a positive medium-term trend line on its daily chart over the past few days, and is currently attempting to establish a position above the $0.00009990 mark. Should it establish a strong position above this key level in the next week, it may have the foundation needed to rise to $0.00014915 in the following few days.
On the other hand, the Luna Classic price getting rejected by the $0.00009990 price point in the upcoming days may put the altcoin at risk of dropping to the subsequent support level at $0.00007930. In an extremely bearish scenario, $LUNC could drop to as low as $0.00005995 if traders continue to exert sell pressure on the cryptoâs price.
Technicals Show LUNC Has Entered a Positive Trend
Technical indicators on LUNCâs daily chart suggest that the Luna Classic price may continue to rise in the next 48 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bullish.Â
The MACD line recently crossed above the MACD Signal line. This specific technical flag may be a signal that the Luna Classic price has entered into a bullish cycle. In addition to this, the RSI is positioned above its Simple Moving Average (SMA) line, which could be a sign that buyers currently have the upper hand against sellers on LUNCâs daily chart.
#LUNC #lunaclasic
The Luna Classic price rebounded from a positive medium-term trend line on its daily chart over the past few days, and is currently attempting to establish a position above the $0.00009990 mark. Should it establish a strong position above this key level in the next week, it may have the foundation needed to rise to $0.00014915 in the following few days.
On the other hand, the Luna Classic price getting rejected by the $0.00009990 price point in the upcoming days may put the altcoin at risk of dropping to the subsequent support level at $0.00007930. In an extremely bearish scenario, $LUNC could drop to as low as $0.00005995 if traders continue to exert sell pressure on the cryptoâs price.
Technicals Show LUNC Has Entered a Positive Trend
Technical indicators on LUNCâs daily chart suggest that the Luna Classic price may continue to rise in the next 48 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bullish.Â
The MACD line recently crossed above the MACD Signal line. This specific technical flag may be a signal that the Luna Classic price has entered into a bullish cycle. In addition to this, the RSI is positioned above its Simple Moving Average (SMA) line, which could be a sign that buyers currently have the upper hand against sellers on LUNCâs daily chart.
#LUNC #lunaclasic
Terra Luna Classic L1TF Approves Dyncomm; Community Rejects Validator Commission Proposal
Terra Luna Classic community has rejected a proposal to enforce a 5% minimum validator commission. The community remained divided on the voting decision as the proposal received 37% votes in favor and 51% votes in opposition. Meanwhile, dyncomm module for dynamic validator commissions is officially approved by the L1 team.
Terra Luna Classic Community Focus on Validators
Terra Luna Classicâs core developer L1TF has officially approved dyncomm module for dynamic validator commissions. Dyncomm will be tested on the rebel-2 testnet next week, expected around November 7.
Former L1TF developer Fragwuerdig will manage and lead the dynamic validator commissions development. After thorough testing, dyncomm will be rolled out to the columbus-5 mainnet.
Meanwhile, the community rejects Proposal 11853 âEnforce minimum 5% validator commission.â It aimed to implement a minimum validator commission of 5% as some validators still have are below the mandatory 5% commission. a failure of functional code preventing validators from breaking governance rules of a minimum 5% commission.
#lunaclasic #sol
Terra Luna Classic community has rejected a proposal to enforce a 5% minimum validator commission. The community remained divided on the voting decision as the proposal received 37% votes in favor and 51% votes in opposition. Meanwhile, dyncomm module for dynamic validator commissions is officially approved by the L1 team.
Terra Luna Classic Community Focus on Validators
Terra Luna Classicâs core developer L1TF has officially approved dyncomm module for dynamic validator commissions. Dyncomm will be tested on the rebel-2 testnet next week, expected around November 7.
Former L1TF developer Fragwuerdig will manage and lead the dynamic validator commissions development. After thorough testing, dyncomm will be rolled out to the columbus-5 mainnet.
Meanwhile, the community rejects Proposal 11853 âEnforce minimum 5% validator commission.â It aimed to implement a minimum validator commission of 5% as some validators still have are below the mandatory 5% commission. a failure of functional code preventing validators from breaking governance rules of a minimum 5% commission.
#lunaclasic #sol
SEC seeks summary judgment in Do Kwon and Terraform Labs case #lunaclasic #LUNA2
The âevidenceâ of violations provided by the SEC points to Kwonâs involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities.
The United States Securities and Exchange Commission (SEC) has refuted the juryâs conclusion regarding Terraform Labsâ alleged violations and has demanded a summary judgment on all the claims.
A court filing from Oct. 27 showed the SECâs reluctance to accept the juryâs leniency toward Do Kwon and his involvement in facilitating the frauds that eventually led to the collapse of the Terra ecosystem. The filing in the U.S. District Court for the Southern District of New York read:
âNo rational jury could conclude that Kwon was not liable for Terraformâs violations of Exchange Act Section 10(b) and Rule 10b-5 thereunder pursuant to Exchange Act Section 20(a).â
The âevidenceâ of violations provided by the SEC points to Kwonâs involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra
LUNA tokens as securities.
SEC seeks summary judgment in Kwon and Terraform Labs case. Source: CourtListener
On the same day, Kwon and Terraform Labs asked the judge to toss the SECâs lawsuit, arguing that Terra Classic (LUNC), TerraClassicUSD (USTC), Mirror Protocol (MIR) and its mirrored assets (mAssets) are not securities as the SEC alleged.
However, the SEC maintains that Kwon and Terraform Labs offered and sold securities, sold LUNA and MIR in unregistered transactions, engaged in transactions involving mAssets and committed fraud.
The âevidenceâ of violations provided by the SEC points to Kwonâs involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities.
The United States Securities and Exchange Commission (SEC) has refuted the juryâs conclusion regarding Terraform Labsâ alleged violations and has demanded a summary judgment on all the claims.
A court filing from Oct. 27 showed the SECâs reluctance to accept the juryâs leniency toward Do Kwon and his involvement in facilitating the frauds that eventually led to the collapse of the Terra ecosystem. The filing in the U.S. District Court for the Southern District of New York read:
âNo rational jury could conclude that Kwon was not liable for Terraformâs violations of Exchange Act Section 10(b) and Rule 10b-5 thereunder pursuant to Exchange Act Section 20(a).â
The âevidenceâ of violations provided by the SEC points to Kwonâs involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra
LUNA tokens as securities.
SEC seeks summary judgment in Kwon and Terraform Labs case. Source: CourtListener
On the same day, Kwon and Terraform Labs asked the judge to toss the SECâs lawsuit, arguing that Terra Classic (LUNC), TerraClassicUSD (USTC), Mirror Protocol (MIR) and its mirrored assets (mAssets) are not securities as the SEC alleged.
However, the SEC maintains that Kwon and Terraform Labs offered and sold securities, sold LUNA and MIR in unregistered transactions, engaged in transactions involving mAssets and committed fraud.
#lunac #lunaclasic
Terra Classic To Implement Burn Tax Into Gas Fees
Proposal 12115 âGenuine Labs Tax2Gas Implementationâ has passed in governance voting on Station wallet. The proposal by Genuine Labs aims to proceed with incorporating tax into the gas. The team will also work on increasing chain security by preventing attack vectors using e2e-test.
The proposal received 74.91% âYesâ and 25.03% âAbstainâ votes. This indicates some community members were reluctant to accept the Tax2Gas implementation. Most validators who participated have voted in favor of the proposal. It received support from validators such as Interstellar Lounge, JESUSisLORD, Stakely, HappyCattyCrypto, StakeBin, and others.
However, top Terra Luna Classic validator Allnodes voted âAbstainâ and warned the community about the low level of discussions.
âWe are abstaining as we acknowledge the community sentiment. It is important to note that we are not satisfied with the public communication and will consider voting NO on further proposals if we do not see an improvement.â
As CoinGape reported earlier, Tax2Gas proposal is game-changing as it will resolve issues including contract developersâ need to calculate the burn tax manually. The issues are â clients or dApps have to calculate the tax themselves as the simulation endpoint only provides gas estimates. Migrating audited dApps becomes cumbersome due to these Classic-specific adjustments, leading to potential re-audits.
Genuine Labs developers require 5 weeks for research, development, and basic testing and deployment. The estimated total budget is $25,000 in LUNC.
Terra Classic To Implement Burn Tax Into Gas Fees
Proposal 12115 âGenuine Labs Tax2Gas Implementationâ has passed in governance voting on Station wallet. The proposal by Genuine Labs aims to proceed with incorporating tax into the gas. The team will also work on increasing chain security by preventing attack vectors using e2e-test.
The proposal received 74.91% âYesâ and 25.03% âAbstainâ votes. This indicates some community members were reluctant to accept the Tax2Gas implementation. Most validators who participated have voted in favor of the proposal. It received support from validators such as Interstellar Lounge, JESUSisLORD, Stakely, HappyCattyCrypto, StakeBin, and others.
However, top Terra Luna Classic validator Allnodes voted âAbstainâ and warned the community about the low level of discussions.
âWe are abstaining as we acknowledge the community sentiment. It is important to note that we are not satisfied with the public communication and will consider voting NO on further proposals if we do not see an improvement.â
As CoinGape reported earlier, Tax2Gas proposal is game-changing as it will resolve issues including contract developersâ need to calculate the burn tax manually. The issues are â clients or dApps have to calculate the tax themselves as the simulation endpoint only provides gas estimates. Migrating audited dApps becomes cumbersome due to these Classic-specific adjustments, leading to potential re-audits.
Genuine Labs developers require 5 weeks for research, development, and basic testing and deployment. The estimated total budget is $25,000 in LUNC.
#lunaclasic #lunac #ustc
Binance Expands Support For LUNC And USTC Revival To $1Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.Binance TH Announces âLUNC from Collapse to ResurrectionâIn a post on X social media platform on June 15, Binance TH introduces âLUNC from collapse to resurrection?â event to the crypto community. Binance TH by Gulf Binance looking for people who have experienced the Terra-Luna crisis and still believe in LUNC revival.
âBinance TH by Gulf Binance will contact those who suffered the most from LUNC to invite them to join the discussion and share their experiences through Binance TH Live with us. By Those selected will receive Binance TH Swag and special prizes,â said the crypto exchange.
Former Binanceâs CEO Changpeng Zhao started supporting the Terra Classic revival after the community and developers took governance into their hands. Binance has burned 60.42 billion LUNC tokens in the burn campaign to remove tokens for supply.
Binance Expands Support For LUNC And USTC Revival To $1Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.Binance TH Announces âLUNC from Collapse to ResurrectionâIn a post on X social media platform on June 15, Binance TH introduces âLUNC from collapse to resurrection?â event to the crypto community. Binance TH by Gulf Binance looking for people who have experienced the Terra-Luna crisis and still believe in LUNC revival.
âBinance TH by Gulf Binance will contact those who suffered the most from LUNC to invite them to join the discussion and share their experiences through Binance TH Live with us. By Those selected will receive Binance TH Swag and special prizes,â said the crypto exchange.
Former Binanceâs CEO Changpeng Zhao started supporting the Terra Classic revival after the community and developers took governance into their hands. Binance has burned 60.42 billion LUNC tokens in the burn campaign to remove tokens for supply.
#lunaclasic #lunac
LUNC and USTC to $1
LUNC developer groups, validators, and the community are actively supporting the LUNC revival to $1 and USTC repeg to $1.Meanwhile, developers are looking Terra Luna Classic proposal to implement Tax2Gas and remove the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers, as per a proposal by StrathCole and Genuine Labs.LUNC price jumped 0.21% in the last 24 hours, with the price currently trading at $0.00097. The 24-hour low and high are $0.0000918 and $0.00009709, respectively. Moreover, trading volume decreased by 12% in the last 24 hours.Meanwhile, USTC price also climbed 0.5%, with the price now trading at $0.0183. The 24-hour trading volume saw a 22% rise in the last 24 hours as traders bought the dip.
LUNC and USTC to $1
LUNC developer groups, validators, and the community are actively supporting the LUNC revival to $1 and USTC repeg to $1.Meanwhile, developers are looking Terra Luna Classic proposal to implement Tax2Gas and remove the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers, as per a proposal by StrathCole and Genuine Labs.LUNC price jumped 0.21% in the last 24 hours, with the price currently trading at $0.00097. The 24-hour low and high are $0.0000918 and $0.00009709, respectively. Moreover, trading volume decreased by 12% in the last 24 hours.Meanwhile, USTC price also climbed 0.5%, with the price now trading at $0.0183. The 24-hour trading volume saw a 22% rise in the last 24 hours as traders bought the dip.
We keep breaking ATH on staking #LUNCâ
.This is very important as we take more and more coins out of circulation. This will help stabilize the price as well... congratulations #lunatics đ #TerraClassic đĽ $LUNC #USTC.ćşč˝ççĽĺş $USTC #lunaclasic #lunccommunity đ
#lunac #lunaclasic $1
Burn Activity and Market Sentiment
LUNC continues to experience significant burns, as detailed in the latest metrics from the communityâs tracking dashboard. Todayâs burn rate reached 15.79 million LUNC, which indicates robust daily burn activity.
Over the past week, the cumulative burn totaled 299 million LUNC, averaging approximately 42 million LUNC daily. The 30-day metrics are even more impressive, showing a massive 3 billion LUNC burned, averaging about 105 million LUNC daily. These figures highlight the communityâs ongoing efforts to reduce the tokenâs supply, aiming to increase its scarcity and potential value.
Technical Indicators and Future Outlook
Terra Classic might soon regain its upward trajectory with the current market volatility. If bullish momentum drives the price beyond $0.000092, LUNC price could explore higher resistance at $0.0001. This escalation might even push the digital asset to achieve a value of $0.001.
Conversely, increased market doubts could force a pullback to the $0.000091 support. If the bearish trend persists, prices might drop further to $0.00009. Such a scenario would spell additional hurdles for Terra Classicâs recovery prospects.
The technical indicators for LUNC on the daily chart suggest mixed signals in recent trading sessions. The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line (blue) trending below the signal line (orange).
The Chaikin Money Flow (CMF) is above the zero line, which suggests that buying pressure still exists.
ďżźTerra Classic Price Prediction|
The Average Directional Index (ADX) reading is at 26, indicating a relatively strong trend. The Relative Strength Index (RSI) stands at 36, hinting that the asset is approaching, but not yet in, the oversold territory.
Burn Activity and Market Sentiment
LUNC continues to experience significant burns, as detailed in the latest metrics from the communityâs tracking dashboard. Todayâs burn rate reached 15.79 million LUNC, which indicates robust daily burn activity.
Over the past week, the cumulative burn totaled 299 million LUNC, averaging approximately 42 million LUNC daily. The 30-day metrics are even more impressive, showing a massive 3 billion LUNC burned, averaging about 105 million LUNC daily. These figures highlight the communityâs ongoing efforts to reduce the tokenâs supply, aiming to increase its scarcity and potential value.
Technical Indicators and Future Outlook
Terra Classic might soon regain its upward trajectory with the current market volatility. If bullish momentum drives the price beyond $0.000092, LUNC price could explore higher resistance at $0.0001. This escalation might even push the digital asset to achieve a value of $0.001.
Conversely, increased market doubts could force a pullback to the $0.000091 support. If the bearish trend persists, prices might drop further to $0.00009. Such a scenario would spell additional hurdles for Terra Classicâs recovery prospects.
The technical indicators for LUNC on the daily chart suggest mixed signals in recent trading sessions. The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line (blue) trending below the signal line (orange).
The Chaikin Money Flow (CMF) is above the zero line, which suggests that buying pressure still exists.
ďżźTerra Classic Price Prediction|
The Average Directional Index (ADX) reading is at 26, indicating a relatively strong trend. The Relative Strength Index (RSI) stands at 36, hinting that the asset is approaching, but not yet in, the oversold territory.
$LUNC price predictions January 2024
The price of Terra Luna Classic (LUNC) is predicted to vary in 2024. According to #cryptonews results, the price for January 2024 is estimated to range between $0.00029 to $0.00045.Another forecast suggests that #LUNC price will reach $0.00014505 by the end of 2024.Additionally, a prediction model indicates that the price in December 2024 could range from $0.00034 to $0.00029.Furthermore, a different source anticipates the price of #lunaclasic to reach as high as $0.000488 by the end of 2024.These #CoinClub predictions illustrate a wide range of potential prices for LUNC in 2024, reflecting the volatility of the cryptocurrency market. It's important to note that #cryptocurrency price predictions are speculative and should be interpreted with caution due to the market's inherent unpredictability and the influence of various factors on asset prices.
#lunac #lunaclasic
đ LUNC and USTC Prices Jump Defying Market Sentiment
Terra Classic ecosystem tokens gained upside momentum amid a rearrangement of LUNC positions after BtcTurk crypto exchange delisted LUNC after the hack. LUNC futures open interest rises 24% in the last 4 hours.
LUNC price soars more than 10% in 24 hours. The price currently trades at $0.00008246, with a 24-hour low and high of $0.00007255 and $0.00008257, respectively. Moreover, trading volume has increased by 50% in the last 24 hours.
Meanwhile, USTC price also jumped more than 5%, with the price currently changing hands at $0.0181. The 24-hour trading volume saw a rise of 136%. USTC futures open interest also rise over 21% in the past few hours, implying a possible reversal.
đ LUNC and USTC Prices Jump Defying Market Sentiment
Terra Classic ecosystem tokens gained upside momentum amid a rearrangement of LUNC positions after BtcTurk crypto exchange delisted LUNC after the hack. LUNC futures open interest rises 24% in the last 4 hours.
LUNC price soars more than 10% in 24 hours. The price currently trades at $0.00008246, with a 24-hour low and high of $0.00007255 and $0.00008257, respectively. Moreover, trading volume has increased by 50% in the last 24 hours.
Meanwhile, USTC price also jumped more than 5%, with the price currently changing hands at $0.0181. The 24-hour trading volume saw a rise of 136%. USTC futures open interest also rise over 21% in the past few hours, implying a possible reversal.
