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Luna Classic (LUNC) is currently among the most volatile cryptocurrencies. It delivered a bullish performance in the last few days but those gains have been at risk courtesy of LUNC minting concerns.
Should LUNA investors expect a LUNC crash to 0 $? Or will Terra come back to life?
The value of Terra Classic (LUNC) has experienced a significant drop due to increased selling pressure, which has impacted ongoing efforts to rescue the token.
A V-top recovery from the $0.000125-$0.00012 support zone has surged the Terra Classic coin price 25% higher since last week. Thus, the price jump offered a breakout from a long-coming resistance trendline, offering a growth opportunity in the near term.
Bitcoin (CRYPTO: BTC) recorded losses this morning, with prices for the most valued cryptocurrency in the world, trading below the $16,700 level on Wednesday. Ethereum (CRYPTO: ETH), also traded lower, falling below the key $1,200 mark on Wednesday.
The Terra Classic (LUNC) price has been boosted in recent days by a rumor that the world's second-largest exchange, Coinbase, might buy and list the token. As NewsBTC reported, the rumor originated from an anonymous source in the Terra Classic community.
Binance welcomes LUNC developers to join its Industry Recovery Initiative (IRI)
Binance has announced changes to its Terra Classic (LUNC) burn mechanism, reducing the number of tokens to be burnt by 50%.
Terra Classic (LUNC), the original cryptocurrency of the collapsed Terra (LUNA) ecosystem, has been experiencing a price boom over the
Solana and Terra Classic have lost the most from the larger cap alts, but several smaller ones are in the red too.
The world's largest crypto exchange Binance has temporarily suspended the burning of Terra Classic (LUNC) trading fees until March 2023. The move comes following the developments related to Proposal 10983 and Proposal 11111 to fund the commodity pool.
The unscrupulous Do Kwon's original LUNC altcoin is the top gainer of the day.
To conclude, the most likely LUNC price forecast suggests that an upward movement toward $0.000260 will occur. Before that, a short-term rejection could transpire.
Terra Classic (LUNC) continues to show strength in the market despite losing over 99.9% of its value about 8 months prior. The digital asset which has now been reduced to the meme coin level still produces massive gains.
At the start of December 2022, the total number of Terra Classic [LUNC] burned was relatively minimal, LUNC Burner data revealed.
Bitcoin (CRYPTO: BTC) recorded losses this morning, with prices for the most valued cryptocurrency in the world, falling below the key $17,000 level on Tuesday. Ethereum (CRYPTO: ETH), also traded lower, but remained above the key $1,200 mark on Tuesday.
Despite the fact that broader cryptocurrency markets are flatlining into the year's end amid low volumes, with many traders and big market players taking holidays, LUNC is seeing a pump. LUNC is the cryptocurrency that powers the still functioning original version of the Terra blockchain and was last trading higher by about 25% on the week just to the north of the $0.00018 level. The cryptocurrency's near-term technical outlook recently took a turn for the better and, as a result, price predictions are becoming more bullish.
Terra Classic core developers Edward Kim and Tobias “Zaradar” Anderson's Proposal 11168 is up for voting. Former Terra Rebels developers submitted a proposal to form the “Joint L1 Task Force” developers team that will look into the maintenance upgrades and L1 layer developments on the Terra Classic blockchain.
Terra Classic LUNC News: The Terra Classic (LUNC) price pump came as a relief to the crypto market at a time when other coins are stagnant. This pump at the end of the year 2022 leaves traders with optimism around future prospects.
Terra Classic (LUNC) surged over Boxing Day, triggering a market cap spike above $1 billion. The post Terra Classic regains $1B market cap following Boxing Day surge appeared first on CryptoSlate.
LUNC trading volume also up 155% in last 24 hours
Terra Classic (LUNC) price rallied 8% in an hour on Tuesday to record an almost 20% upside move in the last 24 hours. The LUNC price even continues to outperform Bitcoin, Ethereum, and other altcoins in the last few days.
While the broader crypto market consolidates over $800 billion market cap, some altcoins make a strong move.
Terra Luna Classic (LUNC) is the best performer in the past 24 hours, up around 15%. Ripple's XRP also gained over 5%, while Bitcoin is aimed at $17K.
