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Terra Luna Classic (LUNC) price skyrocketed 35% supported by a massive increase in trading volume. The rally came in response to Binance delisting the USDⓈ-M 1000LUNCBUSD Perpetual Contract, as well as updating leverages and margins for the perpetual contract.
This digital asset has seen a staggering 28.59% 1 gain over the last 24 hours. Let's take a look at the Terra Classic price analysis.
Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, has seen a resurgence in the past 24 hours. What Happened: The token has shot up by 20% following the announcement of the v2.1.0 upgrade proposal, which has generated significant attention among investors.
Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, has experienced a significant surge in value, offering a glimmer of hope amidst weeks of bearish sentiment. Indeed, the gains come as the LUNC community implements various initiatives aiming to give the network utility.
The digital currency ecosystem is wriggling out of the mixed performances exhibited in the past week as it prepares to kickstart the new week on a bullish note. While in the past week many altcoins recorded huge losses, three digital currencies including XRP, Lido DAO (LDO) and Terra Classic (LUNC) recorded impressive growth in the
Amid the last three weeks' consolidation, the LUNC price formed a descending triangle pattern in the 4-hour time frame. Though this pattern commonly accelerates the supply pressure in an asset, in rare cases, the buyers express higher dominance with the breakout out of its resistance trendline.
Terra Classic core developer group Joint L1 Task Force (L1TF) officially released the proposal for the v2.1.0 upgrade for discussion and review on Commonwealth. It is one of the biggest upgrades since the Terra Classic community took charge of the blockchain after the Terra-LUNA crisis in May last year.
The Montenegro Basic Court has approved Terra co-founder Do Kwon and former chief financial officer Han Chang-joon's bail request for the second time on Friday, according to the lawyer representing Do Kwon and Han Chang-joon. Montenegro prosecutors now have three days to appeal against the court's ruling.
The Court of Montenegro again granted bail from failed Terraform Labs crypto executive Do Kwon.
Leading cryptocurrency exchange Binance has recently burned a total of 1.04 billion tokens of Terra Classic ($LUNC), effectively making the 10th burn as part of the LUNC burn mechanism, which to date has seen a total of nearly 33 billion LUNC get burned.
Terra Classic Price Analysis: Over the past three weeks the LUNC price witnessed a lack of dominance from both bulls and bears leading to a narrow range formation. Responding to the broader market uncertainty, the coin price still continues to resonate within the $0.000094 to $0.000082 levels.
Top crypto exchange Binance has announced its most recent monthly burn of one billion Terra Classic LUNC tokens.
Terra Luna Classic (LUNC) has been plummeting since the start of 2023 and has dropped by 20% in the last month. Despite the launch of LUNC after LUNA crashed in 2022, this turbulent cryptocurrency has not been able to offer high returns in the market.
LUNC News: The Terra Classic community looking for various ways to revive LUNC and USTC prices to $1. The community currently votes on a signaling proposal claiming to revive LUNC price to $1.
The world's largest crypto exchange Binance on Thursday burned 1.04 billion LUNC tokens in the 10th batch of the LUNC burn mechanism. The total LUNC burned by the crypto exchange as part of its monthly burn mechanism reached almost 33 billion.
A glimpse into Block Entropy's potential paints a bright picture for the embattled Terra Classic's future.
The world's largest crypto exchange Binance on Thursday announces plan to delist and update the leverage and margins for the USDⓈ-M 1000LUNCBUSD Perpetual Contract. It is a surprising move by Binance that could reduce the overall trading volume of Terra Classic (LUNC) on the crypto exchange.
Binance announced it would close positions on its Terra Classic (LUNC) perpetual futures contract before delisting it upon settlement completion.
Terra Classic core developer Joint L1 Task Force (L1TF) on Wednesday unveiled professor Edward Kim's AI app chain “Block Entropy.” The L1TF developer The Vinh Nguyen and project manager LuncBurnArmy shared new use cases of Block Entropy with the Terra Classic (LUNC) community.
Terra Classic Price Analysis: Decoupling with the recent uptick in the crypto market, the LUNC price continues to stay in a dormant phase. This flatlined coin price resonated between the $0.000094 and $0.000082 mark over the past two weeks, indicating a narrow range formation.
Billions of Terra Classic will be sent to the bottomless pit as LUNC's parity quest escalates.
Terra co-founder Do Kwon enlisted the services of global law firm Dentons following a passport forgery case, and extradition requests in Montenegro.
LUNC News: Terra Classic core developer team Joint L1 Task Force (L1TF) on Monday said the developer group will assist Dapps with critical requirements before the CosmWasm v2.1.0 parity upgrade. Joint L1 Task Force project manager LuncBurnArmy has asked Dapp owners or Dapps having any sealed smart contract to reach out to developer Fragwuerdig for any
Terra Classic LUNC developer group Joint L1 Task Force successfully completed v2.0.1 in mid-May, the core developer group is now focused on v2.1.0, the CosmWasm rehearsal testnet upgrade, and migration process. The community considers the CosmWasm v2.1.0 parity upgrade as LUNC to $1.
