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Terra LUNA’s LUNC Set To Jump 13x, Analyst Reveals The Drivers
Crypto analyst Javon Marks has laid out a bullish narrative for Terra Classic (LUNC). Based on his analysis, the crypto token could eventually see a 13x increase from its current price levels. The analyst alluded to LUNC’s historical pattern as what could drive such parabolic price surge.

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How LUNC’s Price Could Jump By 1,300% 
Marks mentioned in an X (formerly Twitter) post that LUNC has confirmed a “major bullish pattern,” signaling a continuation of its bullish run to the first price target at $0.00058046. He noted that this move of over 400% was likely to be attained with the crypto token holding above levels that it had earlier broken out from. 
The crypto analyst then raised the possibility of LUNC making a 1,300% move instead. He claimed that LUNC’s previous breakout and run pattern suggests that three targets could be broken above, meaning that the crypto token rising to the price target of $0.00139122 from here is “possible.”
Marks has remained bullish on LUNC for a while now and has suggested that LUNC’s parabolic rally is a question of when and not if. However, he has failed to provide any specific timeframe for when this move will likely occur. LUNC’s fundamentals are also expected to contribute to this upward trend and push its price to such heights. 
One way that is likely to happen is through the LUNC’s burns, which are carried out regularly. The Terra community has burnt over 113 billion LUNC tokens since the burning initiative came into place following Terra LUNA’s crash in 2022. This has helped reduce the crypto tokens’s circulating supply and could be significant as demand for the token picks up. 
It is worth noting that LUNC is well below its all-time high of $119. However, this suggests that the crypto token has enough room to move significantly to the upside. 
Recent Developments In The Terra Classic Ecosystem

$LUNC $BNB $BTC
Here is the full detail and analysis of the LUNC coin ¹ ² ³ ⁴:
*What is LUNC?*
Terra Classic (LUNC) is the native token of the Terra blockchain released in August 2018. It was designed to absorb the price deviation of the algorithmic stablecoin, UST, pegged to the US dollar.
*History*
In May 2022, UST lost its peg and collapsed. The UST algorithm created trillions of LUNA tokens, causing a hyperinflationary spiral and reducing the value of the original LUNA token by 99%. The original Terra chain was renamed Terra Classic, and its LUNA token became LUNA Classic (LUNC).
*Key Features*
- LUNC's primary function was managing UST's peg.
- Despite the UST collapse, Terra Classic (LUNC) maintains its own blockchain and community.
*Pros and Cons*
*Pros:*
- Fast, secure, and affordable transactions.
- Combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC).
- Offers fast and affordable settlements.
*Cons:*
- Limited availability.
- High costs associated with its services.
- Dependence on blockchain technology.
*Price Analysis*
- LUNC reached its peak price of $119.01 on April 5, 2022.
- Its lowest point occurred on May 13, 2022, when it dropped to $0.00001651.
- The current price of LUNC is around $0.000106.
*Circulating Supply*
- The total supply of Terra Classic (LUNC) is 6.9T.
- There are 6.5T LUNC in circulation.
*Security*
- The Terra blockchain is secured using a proof-of-stake consensus algorithm based on Tendermint.
- LUNA token holders stake their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNA staked.

#BTC #BinanceLaunchpool #bitcoin $BTC Bitcoin's price is highly volatile and unpredictable, making it difficult to forecast with certainty. However, some analysts and experts have made various predictions and arguments for why Bitcoin could potentially reach $85,000 or higher:

1. _Increased adoption_: Growing mainstream acceptance, institutional investment, and global economic uncertainty could drive demand and prices up.
2. _Limited supply_: Bitcoin's capped supply of 21 million, combined with increasing demand, could lead to higher prices.
3. _Halving event_: The upcoming halving event in 2024, which reduces the block reward for miners, could lead to reduced supply and increased prices.
4. _Global economic conditions_: Rising inflation, currency devaluation, and geopolitical tensions could lead to increased demand for alternative stores of value like Bitcoin.
5. _Technical analysis_: Some analysts see bullish patterns and trends in Bitcoin's price chart, indicating potential for further price increases.

However, it's important to note that:

1. _Regulatory uncertainty_: Government regulations and crackdowns could negatively impact Bitcoin's price.
2. _Market volatility_: Bitcoin's price can fluctuate rapidly and unpredictably, making it risky for investors.
3. _Competition from altcoins_: Other cryptocurrencies could gain traction and potentially reduce Bitcoin's dominance.
4. _Security concerns_: Hacks, fraud, and security breaches could undermine confidence in Bitcoin and impact its price.

In conclusion, while there are valid arguments for Bitcoin potentially reaching $85,000 or higher, it's crucial to acknowledge the uncertainties and risks involved.

Bitcoin price has been rising for several reasons ¹ ² ³:
- *Approval of spot Bitcoin ETFs*: The U.S. Securities and Exchange Commission approved 11 spot Bitcoin ETFs in January, opening the cryptocurrency to institutional investors.
- *Growing institutional appetite*: The State of Wisconsin Investment Board revealed that it holds roughly $164 million in spot Bitcoin ETFs, showing a growing appetite for Bitcoin investment products.
- *Lower U.S. bond yields*: The U.S. Federal Reserve officials clarified that they won’t raise interest rates in the near future until inflation cools down.
- *Coinbase's expansion plans*: Coinbase's announcement about developing a service targeting Australia’s growing self-managed pensions sector may pave the way for greater institutional involvement over time.
- *Cooling inflation*: The U.S. Consumer Price Index (CPI) showed a cooling inflation, which may lead to a rate cut in September.
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Rallying Support for @CZ A Beacon of Financial Freedom Now Behind Bars 🌟🕊️
Changpeng Zhao, fondly known as CZ, the visionary behind Binance, has always been celebrated as a champion of financial freedom. Today, as he faces challenges from within prison walls, his spirit and dedication to liberating financial systems continue to inspire us all.
🌍 A Man of the People, for the People
CZ's journey has been nothing short of revolutionary. His commitment to creating a platform that offers unrestricted financial access has made significant impacts worldwide. Now, after four months in detention, the community's support for him is more crucial than ever.
🙌 A Call to Unity and Prayer
We believe in the power of collective prayer and positivity. Let's unite in thought and spirit for CZ's safety and swift return. Our prayers are shields, and our faith is the fortress that we hope will bring him back to us safely.
🕯️ Continuing the Mission
In CZ's absence, let's uphold the torch of Binance's mission to redefine finance. Supporting Binance is supporting CZ's vision and dedication to a cause much bigger than any individual.
🕊️Hero of Financial Liberation
Tagged as a 'hero' and a 'man of God,' CZ's influence transcends the physical bounds of his current situation. He is more than just a leader; he is a symbol of resilience and relentless pursuit of a better world.

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Binance will list Jupiter (JUP) and open trading for these spot trading pairs at 2024-01-31 15:30 (UTC).

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