Terra Classic Price Prediction: A potential bounce back from the 50% Fibonacci retracement level could bolster buyers to continue a bullish trend.The crypto market witnessed increasing volatility from the second week of December in tandem with the Bitcoin price reverting from $44500. However, this uncertainty took a major toll on the LUNC price, dropping from $0.00028 to $0.000163, accounting for a 41% loss. However, the correction trend stalled at $0.00016 supporting projecting an opportunity to reclaim higher ground.New Demand Pressure at $0.00016 Support?The combined support of $0.00016 and 50% FIB offers strong support to buyers.A 50% retracement from the LUNC price indicates the prevailing bullish trendline is intactThe intraday trading volume in the LUNC coin is $83.5 Million, indicating a 43% loss.The Terra classic (LUNC) coin is currently exhibiting a correction trend, finding significant support at $0.00016 and aligning with the 50% Fibonacci retracement level. For the past five days, the coin has been sustaining above this support level, indicating an attempt to gather momentum for an upcoming upward movement.What’s noteworthy is that the recent consolidation phase of the Terra Classic price is confined within the price boundaries set by the daily candle on December 13th. This positions the high ($0.000203) and low ($0.000163) of this candle as key resistance and support levels, respectively. A breakout beyond this price range is likely to provide a clearer indication of the next directional move for the coin.Should there be an upward breakout surpassing the $0.000203 mark, it would suggest that the bulls have regained strength following the correction. This could potentially encourage buyers to aim for the recent swing high of $0.00028. Successfully breaking past this level might trigger an extended rally, possibly reaching up to $0.00037.Conversely, if the price falls below the support level of $0.000163, it could intensify selling pressure, potentially extending the correction down to the $0.00014 level.LUNC vs BTC Price PerformanceIn a comparative analysis with Bitcoin (BTC), both LUNC and BTC have shown bullish trends over the last two months. However, the Bitcoin price gradual and steady growth pattern might be more appealing for breakout traders, suggesting a more stable asset for investment. In contrast, the LUNC price rapid growth interspersed with occasional corrections might be more suitable for traders who prefer implementing a pullback strategy, capitalizing on short-term price fluctuations.Directional Movement Index:  A DI+ slope wavering above the DI- slope accentuates the recovery trend is intact.Exponential Moving Average: A bullish crossover from the 100-and-200-day EMA boasts market sentiment for an uptrend continuation.$LUNC #priceprediction #lunch $LUNA #dyor

The crypto market is rapidly hurling toward the Bitcoin halving. With speculation of a potential surge in BTC’s price to a staggering $200,000 after halving, many wonder about its ripple effect on altcoins such as Terra Classic (LUNC).
We asked Google Bard to see how high LUNC can go if Bitcoin reaches $200,000 and it offered a unique perspective on LUNC’s possible trajectory based on multiple scenarios.
Google Bard Expectations for Terra Classic (LUNC)
Google Bard acknowledges the difficulty in precisely predicting LUNC’s future price. Factors like historical correlation with Bitcoin, LUNC’s supply dynamics, and the unpredictable nature of the crypto market all affect the price.
Recall that Bard recently predicted LUNC’s price for January 31, and now it is offering valuable insights into potential scenarios after the Bitcoin halving event.
Correlation: While past instances have shown a degree of correlation between Bitcoin’s movements and those of altcoins like Terra Classic (LUNC), Bard emphasizes the lack of a rigid pattern.
LUNC’s price action can, and often deviates from Bitcoin due to internal factors like community initiatives, developer progress, and the shifting tide of market sentiment. A blind reliance on a pure correlation model would paint an incomplete picture.
Beyond the Halving: Unlike Bitcoin’s predictable halving-driven supply reduction, Terra Classic (LUNC) has different supply dynamics. Its burning mechanisms and community effort with proposals introduce variables that could significantly alter its price trajectory, independent of Bitcoin’s influence. While a Bitcoin bull run might push it up, LUNC’s ecosystem will ultimately determine its course.
The Market’s Wild Card: No crypto discussion is complete without acknowledging the market’s volatility. Regulatory changes, unforeseen hacks, or major economic upheavals can disrupt even the most meticulously crafted predictions. Bitcoin and LUNC are susceptible to these external forces, further complicating the price prediction.
LUNC’s Potential Price
Despite the uncertainties, Bard paints some potential pictures of LUNC’s future under a $200,000 Bitcoin price. A directly proportional increase aligned with a perfect correlation scenario suggests Terra Classic (LUNC) could climb to around $0.0004. Bard predicts a 3.23x increase but admits this scenario is improbable due to LUNC’s distinct supply dynamics.
A more grounded projection, accounting for LUNC’s internal factors and market realities, places its potential landing zone between $0.00015 and $0.0003. This range, while less flamboyant than the full-blown correlation, still represents a significant jump for Terra Classic (LUNC). Bard also recently predicted the price of Cardano (ADA) under the same circumstances.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraLunaClassic #lunch $LUNC

Terra Luna Classic (LUNC) has experienced a notable resurgence recently, with its price surging by 25% over the past few days. Several key factors have contributed to this rally.
Terra Luna Classic’s (LUNC) recent price surge is driven by several key factors. Firstly, the burning of LUNC tokens on Binance has given a significant boost to its upward momentum. Additionally, breaking above the downslope trendline with high trading volumes has fueled optimism. Moreover, more traders are taking long positions on LUNC, indicating bullish sentiment. Lastly, the amount of staked LUNC has surpassed 1 trillion, showing increased confidence. Overall, the rally reflects the community’s strength and resilience, despite challenges, with holders remaining bullish amid the crypto market’s recovery.
Terra Luna Classic (LUNC) Price Surges 25% in February
Terra Luna Classic’s (LUNC) price has experienced a remarkable rally of 25% this February, marking a significant turnaround from the end of January. Today, LUNC reached a high of $0.0001225, with the bulk of the gains realized over the course of this week as the community engages in critical discussions.
One of the primary drivers behind this price surge is the recent Binance LUNC burn. In its 18th batch, the world’s largest crypto exchange, Binance, burnt a staggering 2.1 billion Terra Luna Classic (LUNC) tokens as part of its ongoing commitment to LUNC burns. This brings the total number of LUNC tokens burnt by Binance to over 50 billion, accounting for 52.1% of the net LUNC burnt by the Terra Luna Classic community.
Interestingly, the Terra Luna Classic community’s total burn is nearing the 100 billion mark, currently standing at almost 98.5 billion LUNC tokens. This significant milestone underscores the community’s commitment to token burning and its impact on the coin’s supply dynamics.
Terra Luna Classic (LUNC) Prepares for Higher Rally
The altcoin’s upward trajectory gained validation as it successfully flipped the support level of $0.0001, indicating its potential for a higher rally. Intraday trading volume for the LUNC coin surged by over 1000%, further bolstering confidence in its bullish outlook. Market analysis suggests that Terra Luna Classic is currently in a consolidation phase, experiencing a squeeze before an anticipated breakout towards $0.0002.
Proposals passed by the Terra Luna Classic community have played a significant role in the recent surge in LUNC’s price. One such proposal, numbered 12033 and titled “Compulsory KYC for all L1 developers,” was narrowly approved by the community with an impressive voter turnout of 90.5%. The proposal seeks to implement Know Your Customer (KYC) procedures for all L1 developers, aiming to mitigate short selling of Terra Luna Classic and enhance the chain’s security and safety.
Additionally, the community endorsed Genuine Labs, a new developer group tasked with addressing chain-related issues. Furthermore, a spending proposal for developers who successfully completed all developments was also approved, indicating a commitment to rewarding contributors for their efforts.
LUNC Shorts Liquidated as Demand Surges
The Terra Luna Classic (LUNC) market has witnessed a notable uptick in short liquidations this week, signaling a shift in market sentiment. The increase in trading activity aligns with an overall bullish outlook, with investors and traders anticipating a robust recovery following the recent market correction.
After experiencing a decline in total LUNC staked, dropping to nearly 950 billion in December and January, there has been a resurgence in LUNC staking activities. The staked supply has rebounded and currently stands at over 1.027 trillion LUNC, marking a continuous rise throughout the week. The staking ratio has achieved a significant milestone, reaching 15.09%.
LUNC staking plays a pivotal role for validators and the Terra Luna Classic project. This essential process involves users locking their assets with a validator to earn rewards, contributing to the overall stability and growth of the ecosystem.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #lunch

Terra Classic ecosystem tokens, LUNC and USTC, have been on a tumultuous journey, with a crash and subsequent rise from the ashes. Now, a contentious debate surrounding tokenomics is taking center stage.
The focal point of this battle is Proposal 11958, which calls for the incineration of 8 million USTC from the community pool in a bid to revive the imploded Terra Classic tokens, including LUNC and USTC.
A Burning Question: Will it Ignite or Fizzle Out?
Supporters of the burn argue that it is a necessary step towards achieving deflation and stability. They view the 8 million USTC as excess baggage, with the community pool already holding a substantial 3.49 billion LUNC, enough to cover operational costs.
Vocal supporter, VegasMorph, emphasizes that this action sends a powerful message about actively shaping the future of the Terra Classic ecosystem.

However, skeptics remain unconvinced. The proposal received a lukewarm response, with only 28% of the community voting in favor, while 71% opposed it. An additional 1% wielded the “No with Veto” hammer.
This skepticism stems from the community’s preference for exploring alternative burn mechanisms, particularly regarding the 800 million USTC trapped in the inaccessible Risk Harbor wallet.
The community’s wariness of drastic measures is a direct result of the bitter lessons learned from the Risk Harbor saga, which serves as a painful reminder of the May 2022 crash.
In response, they are actively seeking creative solutions. Ideas under consideration include on-chain burning mechanisms and community-driven initiatives that incentivize USTC burning.
Market Reflects Uncertainty
The market mirrors the ongoing uncertainty surrounding the burn proposal. LUNC, after a brief surge, experienced a 2% dip from its 24-hour high, with the current value hovering around $0.0001441.
However, trading volume witnessed a 10% increase, indicating sustained interest in the digital asset. On the other hand, USTC remained relatively stagnant, trading at $0.0325.
Awaiting the Phoenix’s Return
Although the 8 million USTC burn proposal may have encountered resistance, it has sparked a crucial conversation about the future of Terra Classic.
The community’s unwavering dedication to finding innovative solutions demonstrates its resilience and belief in the platform’s potential for resurgence.
Whether through targeted burns or ingenious community-driven initiatives, the ultimate goal remains the same: to restore Terra Classic to its former glory and reshape its narrative from ashes to ascendancy.
A Lesson Learned, a Shadow Cast
The inaccessible 800 million USTC trapped in Risk Harbor’s multisig wallet serves as a stark reminder of the fragility of trust and the critical need for robust contingency plans.
While the community’s decision to blacklist the wallet was necessary, it highlights the importance of exercising greater vigilance in safeguarding assets and ensuring accountability from third-party partners.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Terra.Classic #lunch $LUNC

Recently, Terra Classic (LUNC) surprised investors with double-digit gains, causing excitement in the market. Alongside this surge, its trading volume also soared, indicating increased activity and interest from traders.
At the same time, the LUNC community is gearing up to submit a proposal that could significantly influence both the blockchain and its token.
Terra Classic (LUNC) Market Analysis
CoinMarketCap’s data indicates that LUNC experienced a notable surge in the last 24 hours, with a price increase of over 10%. Simultaneously, its trading volume soared by more than 700%.
It’s commonly observed that significant price changes are often preceded by spikes in trading volume, indicating heightened market interest. This suggests that the current upward trend in LUNC’s price may persist for a longer duration.
Terra Classic’s one-week price volatility gained momentum following a sharp decline. Moreover, its social volume spiked in the past few days, indicating increased attention and activity surrounding the token.

Sentiment Analysis and Derivatives Market
The price uptrend contributed to a rise in bullish sentiment around LUNC, as reflected in its Weighted Sentiment. Additionally, the Funding Rate for LUNC was high, indicating active buying by derivatives investors at higher prices. However, a concerning metric was observed in the form of declining Open Interest despite the price surge.
A decrease in Open Interest typically signals rising possibilities of a trend reversal, posing a cautious note amidst LUNC’s recent price hike.

Upon examining LUNC’s 4-hour chart, Terra Classic’s MACD revealed a significant bullish advantage in the market, suggesting a sustained uptrend in price.
However, other metrics presented a bearish outlook, indicating a potential reversal in the trend. Notably, the Relative Strength Index (RSI) experienced a sharp downturn from the overbought zone and was continuing to trend downwards at the time of observation.
Similarly, LUNC’s Chaikin Money Flow (CMF) followed a similar declining trend, signaling a possible conclusion to the token’s bullish rally.

Proposal for Terra Classic (LUNC) Security Enhancement
Blockchain security expert Coach Bruce Wrangler recently shared a tweet unveiling a new proposal aimed at addressing key issues within Terra Classic (LUNC).
The proposal highlights the necessity to swiftly burn through LUNC supply to stimulate significant price appreciation. Additionally, it addresses concerns regarding manipulation by anonymous bad actors, such as scammers, plaguing the token.

Impact of Proposal Implementation
If approved, the proposal could swiftly eliminate 99% of bad actors, bolstering blockchain security. Furthermore, it plans to burn an estimated 50% of the token supply within 90 days, potentially positively impacting the token’s price action in the subsequent months.
As per LUNC Metrics, a total of 97.98 billion LUNCs have been burned to date, reflecting ongoing efforts to enhance tokenomics and security measures.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #lunch

Understanding the Judgment In a landmark decision that’s sending ripples across the cryptocurrency world, a U.S. federal judge has declared that Terraform Labs, the company behind the controversial Terra and Luna cryptocurrencies, breached federal securities laws.
This ruling, handed down by Judge Jed Rakoff of the U.S. District Court for the Southern District of New York, marks a significant moment in the ongoing debate over the classification of digital currencies. The judge’s decision centers on Terraform Labs’ failure to register its LUNA and MIR tokens – integral parts of the Terra ecosystem – as securities, highlighting the increasing scrutiny facing cryptocurrency firms under U.S. law.
Details of the Court’s Decision
Judge Rakoff’s ruling emerged from a summary judgment, a crucial step that shapes the path to an eventual trial focusing on Terraform’s alleged securities violations. Interestingly, the judge permitted testimony from expert witnesses on both sides, who have analyzed the trading activities leading to the depegging of UST in May 2022. This inclusion of expert analyses could offer deeper insights into the complex dynamics of cryptocurrency trading and its regulatory implications.
However, the judge barred testimony from two defense witnesses – one poised to discuss Terraform’s custodial wallet activities, and another ready to explain the broader crypto economy under Terraform. These exclusions might narrow the scope of defense strategies at the trial stage.
Implications and Responses
The ruling aligns with the broader regulatory perspective that most cryptocurrencies should be considered securities, thus falling under regulatory oversight. However, this judgment specifically addresses only two tokens – Luna and MIR. In response to the ruling, a spokesperson for Terraform Labs expressed strong disagreement, insisting that the UST stablecoin and other tokens in question do not constitute securities.
The company also refuted the SEC’s fraud claims as unsupported and vowed to robustly defend against them. This legal skirmish is part of a larger narrative, as the SEC had previously sued Terraform Labs following a series of similar actions against prominent entities in the crypto sphere. The timing of this lawsuit is noteworthy, coming in the wake of the infamous UST depegging incident that plunged the crypto industry into turmoil.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Terra.Classic #lunch $LUNC