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Terra Luna Classic (LUNC) developer group the Joint L1 Task Force successfully triggered the v1.1.0 network upgrade at block height 11,734,000 at 08:46:56 AM on March 1. Terra Luna Classic's largest validator Allnodes was the proposer of the block.
Binance reinstating its LUNC burn mechanism is the key moment for the Terra Luna Classic community. With Proposal 11367 officially passed, the blockchain will be halted at block 11,734,000 height.
LUNC News: The implosion of the Terra ecosystem in May of last year, which cost a total of $60 billion, revealed cracks in the foundations of the cryptocurrency sector and sparked a year of cascading financial catastrophes that have not yet been abated. The Cosmos-based network spun out of the collapsed Terra ecosystem has somehow The post Will Validators Become The Next Big Threat For Terra Classic (LUNC)?
Terra Luna Classic community actively awaits crypto exchange Binance to continue its Lunc burn mechanism. With the community passing all 3 key proposals and a software upgrade proposal, the speculation over billions of LUNC burn returning to the community is all over Crypto Twitter.
The collapse of Terra (LUNA) remains one of the high-profile incidents in the crypto space, with investigators attempting to piece together the role of founder Do Kwon in the crash. With Kwon having denied any wrongdoing, he remains on the run, with reports indicating he resides in Serbia.
Let's analyze the Terra Luna Classic price prediction for the coming months. LUNC price is retesting the upward trendline.
Terra Classic LUNC Binance News: Following the passing of proposals on Binance burn, the Terra Classic LUNC community set the stage for a potential rally in the days ahead. Binance had earlier made feature requests for the burn starting from March 1, 2023.
The world's largest crypto exchange Binance presented some terms directly to the Terra Luna Classic community in order to continue its LUNC burn mechanism from March 1. In response, the Terra Luna Classic community passed three key proposals, ensuring to bring back Binance's contribution LUNC burn campaign to reduce circulating supply.
The price of the Terra Luna Classic (LUNC) rose by 1.5% in the past 24 hours, reaching $0.0001648 as the wider market rose by a similar percentage. It has now fallen by 6% in a week and by 8.5% in the last 30 days, as a mixture of the SEC's actions against Terraform Labs and struggling investor sentiment pulls it down.
USTC rebounded from intraday lows of $0.026 and reached highs of $0.029 at press time. At the time of publication, USTC was trading up 6% at $0.027.
Terra Classic (LUNC), the original chain of the collapsed Tera (LUNA) ecosystem, is still attempting to sustain its valuation following the initial projection of plunging to zero. However, with several community initiatives, LUNC hopes to reclaim its previous highs.
The terra luna classic price has risen by 1.5% in the past 24 hours, reaching $0.0001648 as the wider market rises by a similar percentage. It has now fallen by 6% in a week and by 8.5% in the last 30 days, as a mixture of the SEC's actions against Terraform Labs and struggling investor sentiment pulls it down.
The Terra Luna Classic community's main objective in February was to focus on returning the Binance LUNC burn mechanism. After Proposal 11310 by Terra Classic core developer Edward Kim was unanimously passed in January, the community moves swiftly to pass another key proposal.
Since the collapse of the Terra (LUNA) ecosystem, the platform's original chain Terra Classic (LUNC), has exhibited resilience, recording price gains against broad crypto sector expectations. With LUNC appearing to take the price trajectory of meme coins, the token's value has become a subject of interest as the community seeks to keep it alive.
Crypto exchange Binance to most likely resume its LUNC burn mechanism as the community passes all three key proposals put forward by Terra Classic core developer Edward Kim of the Joint L1 Task Force. Binance in December requested the Terra Classic developer team to make necessary changes by March 1 for continuing its LUNC burn The post Binance LUNC Burn Mechanism Returns To Terra Luna Classic, Huge Price Rally?
The terra luna classic price has dipped to $0.00016810 today, marking a 1% loss in a day and also a week. LUNC is also down by 6% in a month, with the token hurt by the recent news that the SEC is charging Terraform Labs and CEO Do Kwon with running multi-billion dollar securities fraud.
After being written off as dead and buried by casual investors and the mainstream media alike, Terra Classic (LUNC) has defied expectations by rising from the ashes to create not only cutting-edge technology but also a thriving community to support it.
Our analysis shows that Terra LUNA classic price has been trading sideways for months. A break above 200-day MA can be very bullish.
In the world of cryptocurrencies, Terra Luna Classic (LUN) has been making waves recently, as its price has been on the rise following a surge in trading volume. With the volume of trading reaching $100 million, many investors are speculating that the price of LUN could reach $1 in the near future.
Terra Luna Classic community has failed to burn significant LUNC tokens this week as part of the commitment to remove tokens from the total circulating supply. The Terra LUNA Classic community burned just 5 million LUNC tokens this week, losing the focus to burn in the absence of crypto exchange Binance's monthly LUNC burn mechanism.
Terra (LUNA) and Terra Classic (LUNC) prices witnessed a sudden fall after the Securities and Exchange Commission (SEC) on Friday filed a lawsuit against Do Kwon, Terraform Labs, and affiliates. It indicates that Do Kwon still has influence over LUNA, as well as LUNC.
The price of Terra Luna Classic (LUNC) rose to $0.0001698 at press time as the cryptocurrency market recovered from recent losses. This price marked a 9% drop in the past week and a 6.5% decline in the last 30 days.
The FTX controversy and the Terraform catastrophe rocked the entire crypto sector to its foundations. The SEC recently disclosed that it was suing Terraform Labs and Do Kwon.
According to South Korean authorities, advertising raised the price of Terra Classic token LUNC.
