Matviienko

Terra Luna Classic (LUNC) has recently experienced significant developments that have captured the attention of the cryptocurrency community. As of December 5, 2024, LUNC is trading at approximately $0.00016078, reflecting a substantial increase over the past month.

Major Token Burns and Price Surge

A pivotal factor contributing to LUNC’s price appreciation is the implementation of large-scale token burns aimed at reducing the circulating supply. Notably, over 3.1 billion LUNC tokens were burned recently, leading to a 30% price surge.  Since May 2022, the total burned tokens have reached approximately 392.84 billion, decreasing the circulating supply to 5.52 trillion LUNC.

Community-Driven Governance and Upgrades

The Terra Classic community has been proactive in enhancing the network’s governance and security. A significant upgrade proposal, v3.1.3, was approved to revise burn tax distribution, diverting community pool rewards from the burn tax to the Oracle Pool. This upgrade aims to boost staking and support LUNC’s price growth. 

Exchange Support and Increased Leverage

Leading cryptocurrency exchange Binance has shown support for Terra Luna by increasing the trading leverage for LUNA to 75x. This move has sparked a surge in trading activity, with LUNA’s price rising by 9% and LUNC futures open interest surpassing 100 billion. 

Analyst Predictions and Market Sentiment

Crypto analysts predict a potential 267% rally for Terra Classic, citing strong community support and bullish technical indicators. The community’s efforts in governance and token burn initiatives are viewed as positive factors for LUNC’s long-term growth. 

Conclusion

The recent developments surrounding Terra Luna Classic, including significant token burns, community-driven upgrades, and increased exchange support, have contributed to a positive outlook for LUNC. While the market sentiment is bullish, investors are advised to conduct thorough research and consider the inherent volatility of the cryptocurrency market before making investment decisions.
#lunc

📉 What’s happening in the crypto market right now

🔻 Bitcoin is dropping and breaking key levels
• BTC has broken major support and fallen below $80,000–$82,000, marking its lowest level since October 2025
• Traders point to low weekend liquidity, which amplifies selling pressure
• At one point, Bitcoin even briefly fell out of the top 10 assets by market capitalization

⚠️ The entire market is in the red
• Major altcoins like Ethereum, XRP, Cardano, Dogecoin, and Solana are seeing sharp declines
• Over the past 24–48 hours, the market has faced mass liquidations of highly leveraged positions and significant losses in total market cap

⸻

📌 Key reasons behind the current sell-off

1️⃣ Macro uncertainty and risk-off sentiment
Investors are moving away from high-risk assets like crypto toward safer options such as gold and equities amid growing market uncertainty

2️⃣ Geopolitical tensions
Rising global tensions, including developments in the Middle East, are increasing fear and pressure across financial markets 🌍

3️⃣ Low weekend liquidity
With lower trading volumes on weekends, even moderate selling can trigger sharp price drops

4️⃣ Outflows from Bitcoin ETFs and weaker institutional demand
Capital is flowing out of Bitcoin ETFs, reducing demand and adding downward pressure on price

5️⃣ Broader market sell-offs and bearish technical signals
Technical indicators and market sentiment suggest the correction may continue, reinforcing fear-driven trading 📊$BTC $ETH $BNB

XRP, the cryptocurrency developed by Ripple Labs, has recently experienced significant market activity influenced by political developments and investor sentiment.

Market Performance

As of December 7, 2024, XRP is trading at approximately $2.41, reflecting a 3.43% increase from the previous close. The intraday high reached $2.49, with a low of $2.25.

Political Developments Impacting XRP

The re-election of President Donald Trump has introduced a pro-crypto stance within the administration, notably with the nomination of Paul Atkins, a known cryptocurrency advocate, to lead the Securities and Exchange Commission (SEC). This move has bolstered investor confidence in digital assets, including XRP. 

SEC Lawsuit and Regulatory Outlook

Ripple Labs has been embroiled in a legal battle with the SEC over allegations of unregistered securities offerings. The appointment of crypto-friendly officials in the new administration has led to speculation that the SEC may drop its case against Ripple, potentially removing a significant overhang on XRP’s market performance. 

Market Volatility and Investor Sentiment

Despite positive regulatory developments, XRP has experienced volatility, with a recent decline attributed to profit-taking by investors following substantial gains. Analysts suggest that while short-term fluctuations are expected, the long-term outlook remains positive due to anticipated favorable regulatory changes. 

Future Outlook

The combination of a supportive regulatory environment and potential resolution of legal challenges positions XRP for potential growth. Investors are advised to monitor regulatory developments and market trends closely, as these factors will significantly influence XRP’s trajectory.

Disclaimer: Cryptocurrency investments carry inherent risks due to market volatility. Conduct thorough research and consult financial advisors before making investment decisions.
#Xrp🔥🔥 $XRP

Bitcoin (BTC) has recently achieved a historic milestone, surpassing the $100,000 mark for the first time. As of December 7, 2024, BTC is trading at approximately $99,521, reflecting a significant surge in value.

Key Factors Driving the Surge
• Political Developments: The re-election of President Donald Trump has invigorated the crypto market. His administration’s pro-crypto stance, including the nomination of Paul Atkins, a known cryptocurrency advocate, to lead the Securities and Exchange Commission (SEC), has bolstered investor confidence. 
• Institutional Adoption: Major financial institutions have increased their involvement in the crypto space. Notably, BlackRock’s Bitcoin ETF has broken records by surpassing $50 billion in assets under management in record time, indicating growing mainstream acceptance. 
• Market Optimism: The nomination of David Sacks as the White House’s “Crypto Czar” reflects a favorable regulatory environment, further fueling market enthusiasm. 

Global Impact
• El Salvador’s Gains: El Salvador, the first country to adopt Bitcoin as legal tender, has seen its investment grow substantially. The country’s portfolio has reached a balance of $603 million, reflecting a gain of $326 million since the investment began in 2021. 

Market Outlook

Analysts predict that Bitcoin’s upward trajectory may continue, with forecasts suggesting it could reach between $125,000 and $130,000 by year’s end.  However, some experts caution about potential market corrections due to the inherent volatility of cryptocurrencies.

Disclaimer: Cryptocurrency investments carry significant risks due to market volatility. Conduct thorough research and consult financial advisors before making investment decisions.
#Bitcoin❗ $BTC

Terra Luna Classic (LUNC) has recently experienced a significant resurgence, marked by substantial price increases and pivotal community-driven developments.

Price Surge and Market Dynamics

Over the past month, LUNC’s price has surged by approximately 80%, reaching $0.0001663 as of December 7, 2024. This upward trajectory is attributed to several factors:
• Token Burns: The community has intensified efforts to reduce LUNC’s circulating supply, with over 393 billion tokens burned to date, including a notable 3.1 billion tokens in the past week. 
• Technical Indicators: Analysts have identified bullish patterns, such as the formation of a golden cross and a cup and handle pattern, suggesting potential further gains. 

Community Initiatives and Governance

The Terra Classic community remains proactive in enhancing the network’s functionality and security:
• Network Upgrades: Recent proposals, including the v2.3.2 upgrade, aim to resolve sequence mismatch issues affecting validators, thereby improving network stability. 
• Governance Actions: The community has voted to cease USTC minting in favor of burning tokens to restore its U.S. dollar peg, reflecting a commitment to sustainable economic policies. 

Future Outlook

With ongoing token burns, strategic upgrades, and robust community engagement, LUNC is poised for potential further growth. Analysts predict that if current trends continue, LUNC could see significant appreciation in value, with some forecasts suggesting a possible 267% rally. 

Investors and community members are encouraged to stay informed about governance proposals and market developments, as active participation is crucial to the ecosystem’s success.

Disclaimer: Cryptocurrency investments carry inherent risks. Conduct thorough research and consult financial advisors before making investment decisions.
#LUNC $LUNC

Terra Luna Classic (LUNC) has recently experienced significant developments contributing to its price surge.

Key Highlights:
• Major Token Burn: A recent burn of 3.1 billion LUNC tokens has reduced the circulating supply to approximately 5.52 trillion, enhancing scarcity and investor interest. 
• Price Surge: Following the token burn, LUNC’s price increased by 30%, with technical indicators suggesting potential for further growth. 
• Increased Leverage on Binance: Binance has raised the leverage for Terra Luna perpetual trading to 75x, indicating strong support for LUNC’s rally. 

These developments reflect the community’s commitment to revitalizing Terra Luna Classic and indicate a positive trajectory for LUNC.
#lunc #luna

Terra Luna Classic v2.4.2 Upgrade
Terra Luna Classic major chain upgrade v2.4.2 was successfully implemented, with the transition to new binary and components.

Genuine Labs announced it was a smooth upgrade and validators gradually came live after the upgrade. The Terra Luna Classic developer group also announced progress on the Terra Classic Security Package upgrade. This will boost security, functionality, and interoperability. The developer team planned to complete all developments in 8 weeks.
The rise in development activity of Terra Luna Classic is one of the reason behind a massive increased in LUNC and USTC prices.

LUNC Burn and Wallet Numbers
Total LUNC burn has now surpassed 105 billion amid massive support from the crypto exchanges and projects. Binance has burned over 53.48 billion LUNC tokens, accounting for over 50% of the total burn.
New projects and exchanges such as Singapore-based WEEX are joining the burn campaign to reduce the circulating supply. While the burn narrative has picked up, the burn rate has dropped amid the rise in prices.
Meanwhile, LUNC wallet holders are also increasing currently, indicating a rise in demand amid the bull market. Moreover, community developers and projects are also working to bring back utility to the Terra Luna Classic chain. The account holders have now surpassed 5.51 million, as per Cosmos blockchain explorer ATOMScan.

LUNC Price to $1?
LUNC price has jumped 4% in the last 24 hours, continuing its gains from the last week. The price currently trades at $0.000170, with a 24-hour high and low of $0.000161 and $0.000172, respectively. However, the trading volume has dropped slightly in the last 24 hours.

CoinGlass data indicate 1000LUNC futures open interests were up 10% on Binance and Bybit. LUNC futures OI rise signals a positive sentiment among investors and high odds of $0.0002 coming within the next coming days. LUNC price reaching $1 will be difficult this year, but a 1000% jump in price seems possible.
#lunc

LUNC Price Rises 20% and USTC 12%
LUNC and USTC are witnessing a stunning rally in the last 24 hours. The upside momentum is backed by a continuous rise in trading volumes for both Terra Luna Classic ecosystem tokens.

The move comes after the Montenegro Supreme Court ordered the release of Terra co-founder Do Kwon from prison. The Supreme Court currently deliberates on extradition requests from the US and South Korea. The decisions were escalated to the Supreme Court after multiple appeals and errors in legal proceedings and sentences.

LUNC price has jumped 20% in the last 24 hours, but pares some gains amid profit booking from traders. The price hit a 24-hour high of $0.000166 backed by more than 200% increase in trading volumes. Clearly, traders took the opportunity of the news to buy positions.

CoinGlass data indicate 1000LUNC futures open interests were up 40% on Binance and Bybit. LUNC futures OI on other exchanges increased by over 35% in the last 24 hours. Both, 1000LUNC and LUNC futures are dropping in the last few hours as traders closed their positions.

Similarly, USTC price climbed 12% to a high of $0.0301 in the last 24 hours. Total USTC futures open interest increased by 20% across crypto exchanges, but dropped 3% in the past hour.

Terra Luna Classic Upgrades
Terra Luna Classic chain will see a major v2.4.2 upgrade next week. The introduction of IBC-Hooks is the key feature that will enable onboarding of dApps on the Terra Luna Classic.

Moreover, Genuine Labs will announce few key updates to boost security, functionality, and interoperability. The developer team planned to complete all developments in 8 weeks, including the Cosmos SDK 0.47 upgrade.

The developments coupled with the rise in the total number of wallets holding LUNC indicate bullishness toward the chain, with developers and projects eyeing to work on Terra Classic

$LUNC $LUNA #lunc

The Terra Luna Classic community votes on another proposal related to changing the minimum deposit as spam proposals continue despite increasing minimum deposit amount from 1 million LUNC to 5 million LUNC in September last year.

Terra Luna Classic Setting Minimum Initial Deposit To 1M LUNC

Proposal 12071 “Set the Minimum Initial Deposit to 1M LUNC” is up for voting in the Station wallet. Spam proposals or poorly written proposals are rising deposit voting section. This proposal aims to provide an entry barrier into the deposit section to prevent these proposals from even appearing in the deposit phase.

A parameter change will raise the minimum initial deposit ratio for governance proposal deposits to 20%. At the current minimum deposit amount of 5 million LUNC, the minimum initial deposit is equal to 1 million LUNC. Notably, initial amount for the deposit phase will be 1 million LUNC, with the proposal still has to fulfill the 5 million deposit amount to proceed to the governance voting stage.

Until now, the proposal has received over 98% “Yes” and 1% “No with veto” votes, along with some “No” and Abstain votes. All 18 validators who participated yet have voted in favor of the proposal. Some Terra Luna Classic community members do believe the amount is still higher.
#lunc $LUNC

The LUNC proposal 12059 has sparked concerns among contributors like @Genuine__Labs, Tax2Gas team, JL1TF, and others due to its ambiguous stance on liabilities.

This ambiguity leaves stakeholders vulnerable to various interpretations and legal risks, impacting their effective engagement and casting doubt on the project’s future.

To address these concerns, there’s momentum for adopting the Apache 2.0 license. Advocates argue that integrating this license would offer clarity and protection for contributors, mitigating risks and ensuring project sustainability.

The Apache 2.0 license is esteemed for defining liability scopes in software development projects, promoting collaboration while safeguarding contributors’ interests.

However, there’s a pressing need to refine LUNC proposal 12059’s liability terms to align with Apache 2.0 standards.

Doing so would enhance stakeholder confidence and project resilience, mitigating potential legal uncertainties and fostering a conducive environment for growth.

Given the risks associated with the current ambiguity, stakeholders may need to withhold support until the liability terms are refined, protecting contributors from legal jeopardy and bolstering the project’s long-term success.

#lunc #TerraClassic $LUNC

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