Keep up with what's happening in the crypto world in real-time.
All Filters (1)
The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens - now known as Luna Classic (LUNC).
While the Terra/UST $60 billion fiasco appears to be gradually dying down, South Korean prosecutors have revealed plans to launch a fresh investigation into the firm and its executives.
There has been concrete evidence, supported by the investors' bullish sentiment, that the infamous Terra ecosystem, which caused the market to crash four months ago, is attempting to recover and gain the trust of the participants once again. LUNA, Terra 2.
South Korean prosecutors' team has started a new investigation and review on Terra tokens to categorize them under securities. TerraForm Labs, its founder Do Kwon, and other affiliates will also be charged with violating the Capital Market Act if Terra tokens LUNA, LUNC, and UST (now USTC) are found to be securities.
The survival of the Terra ecosystem has been one of the most intriguing developments in the cryptocurrency market this year. Despite being nearly obliterated due to the market downturn and eventual depegging of the UST stablecoin, Terra Classic (LUNC) and Terra Luna (LUNA) have been putting up a valiant fight against the bears.
While the crypto market bled hard due to a bear market mostly induced by macroeconomic factors, two cryptocurrencies stood out in particular: The Terra (LUNA) and Terra Classic (LUNC) cryptocurrencies both witnessed a peak 400 – 600% rally from their August lows.
2021 was the best year for Terra Luna as the LUNA coin managed to reach incredible highs.
Luna Classic has tumbled from $0.00058 to $0.00033 since September 8. One trader believes it still has a long way to go.
Terra LUNA is the biggest crypto loser today, down 27% today. In other altcoin news, ERC-20 token Tamadoge (TAMA) has raised $15 million in its presale.
Terra has lost steam after last week's sudden surge, but both LUNA and LUNA Classic are still way up in price over the last week.
The price action in LUNA and LUNC tokens looks more like that of meme tokens such as DOGE and SHIB.
Is it a good choice to choose to invest in Terra's LUNA Classic? Well, if you had asked this question some time ago, the answer might not have been so positive, considering that the price of this cryptocurrency directly depends on the price of Bitcoin.
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
While the crypto space is hopeful for a short-term bounce, the ongoing correction may indicate the resurgence of the bears. Terra (LUNA) price was closer to hitting a double-digit figure and Terra Classic was approaching $0.0006 when the bears quickly jumped in to squeeze the rally.
Axie Infinity has suffered huge gains alongside Luna, another bear market loser whose dramatic fall triggered the current bear market.
The cryptocurrency LUNA, which powers the Terra ecosystem, is currently experiencing an unusual spike in its price. After a long accumulation and controversies, the LUNA price sharply increased over the past two days. The coin volume increased by more than 260% in the past 2 days, when it was trading on CoinMarketCap for $7.06.
The incredible LUNA rally took place amid a flurry of positive and negative events while technicals suggest a correction is coming.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The twin collapses of Terra's UST stablecoin and LUNA fueled the market-wide crumble in May, a plunge that the investors are still recovering from.
The Bitcoin Crash has upset many people. Yet, it seems that the market is trying to recover now.
LUNA is up more than 11.6% in the last 24 hours and is currently trading at $6.04 after hitting intraday highs of $7.20. Following the network's collapse in May, a new Terra LUNA was built, and during the past 24 hours, it has had a remarkable run-up.
How and when were they born, what is their value., and where can they be found
How to get-over your shady past? Well, incorporate a model (2.0 version/iteration) by learning from past mistakes.
Following a long accumulation, the LUNA price surged significantly in the last two days. Moreover, the technical chart justifies this price action with a rounding bottom pattern in the daily time frame.
Crypto market observers are surprised by LUNA's unusual price movement
