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Terra Classic (LUNC), despite a massive drop in value to the collapse of the Terraform labs ecosystem, is beginning to recover.

One of the biggest disasters the industry could ever face. The crypto industry was left flattered when the fall of Terra almost wiped out $60 billion from the market valuation. Multiple factors were involved in this crash, and market manipulators and mass liquidators played a major role in this move.

Cryptocurrency Price Today: We are at the end of the year and the market is very mixed with coins like Bitcoin and Ethereum slightly up. Terra Classic gets a boost, Polygon, Cardano, and XRP join.

On December 24th, the Terra Classic coin price offered a bullish breakout from a three-months long resistance trendline. This bullish breakout from downtrend-carrying resistance hints the market sentiment is shifting from selling on rallies to buying on dips.

The Terra Classic community has approved Proposal 11111, which will reverse Proposal 10983 and support Binance, the crypto exchange that has contributed the most LUNC to burn. The proposal seeks to overturn Proposal 10983, which substituted 10% for on-chain development for additional revenue for the community pool at a rate of 50% of the 0.

Terra Classic (LUNC) price has skyrocketed by almost 10% in the last 24 hours. While other altcoins show limited price action amid the market uncertainty, LUNC price has rallied nearly 25% since last week.

The value of Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, is on the rise, mainly driven by increased buying pressure while the general crypto market remains in a consolidation phase. 

The Terra Classic community has passed Proposal 11111 to repeal Proposal 10983 and support its largest LUNC burn contributor crypto exchange Binance. The proposal will bring back 10% remint from the 0.2% burn tax and add to the community pool, instead of 50% remint.

Terra Luna Classic (LUNC)price has fallen by 40% since the FTX filed for bankruptcy in early November.

LUNC outperforming crypto assets in top 100 by market capitalization

Terra Classic core developers Edward Kim and Tobias “Zaradar” Anderson have formed a new developers team called “Joint L1 Task Force”. Former Terra Rebels developers Edward Kim and Zaradar have released their first proposal, shared by Edward Kim on the classic agora on Saturday.

Terra Classic has jumped the most ahead of Christmas, with a 6% daily increase.

Crypto Price Today: The market is down yet again, after two consecutive days of trading in green. However, some cryptos are seeing a jump.

LUNC Price News: The price of Terra Classic (LUNC) suddenly rose by nearly 7% on a moderately green day in the crypto market. The price speculation can be attributed to a number of reasons surrounding the crypto project, which is in a dire attempt to minimize its gigantic supply of 6 trillion tokens and to The post LUNC Price News: What is Pumping Terra Classic's Price?

Almost-forgotten Terra Classic [LUNC] recorded a significant jump in trading volume in the last 24 hours as rumors of a potential $245 million coin purchase by Coinbase gained momentum.

Terra Classic developer Vegas on Friday said he is shutting down his validator node “Vegas Validator” and quit working on Terra Classic (LUNC) developments after delivering the Rebel Station wallet. Earlier this week, Terra Classic core developers Edward Kim and Tobias “Zaradar” Anderson quit Terra Rebels, the developer group behind Terra Classic burn tax and The post LUNC News: Terra Classic FUD Continues As Top Developer Shut Downs Validator appeared first on CoinGape.

Leading cryptocurrency Exchange Binance has announced it completed the distribution Terra's ($LUNA) second airdrop to eligible users who held Terra Classic ($LUNC) and TerraClassicUSD ($USTC) at the time of the snapshots both before and after the collapse of the Terra ecosystem in May.

The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The previously thriving Terra ecosystem was completely wiped out in a matter of days, except for the Terra Luna token, which was resurrected as Terra Luna Classic (LUNC) by the community.

Terra Classic (LUNC)  Terra Classic is approaching the end of the yearly trade, marking the lowest levels ever since it was rebranded and separated from Terra. The price is closer to adding up another zero in its value after facing rejection from interim highs around $0.00014106, in the past few days.

The world's largest crypto exchange Binance completes the second round of Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders on Thursday. The airdrop is related to the separation of the Terra Classic network under the “Terra Ecosystem Revival Plan 2” by Do Kwon, with the first airdrop already completed in May.

LUNC Price News: With the Terra Classic community speculating that Coinbase is set to purchase a huge amount of LUNC, the token price is on the rise on Thursday. The cryptocurrency received significant momentum due to the Coinbase LUNC buy news.

LUNC was trading up 5.73% at $0.000137

The Terra Luna Classic price has risen by 5% in the past 24 hours, reaching $0.00013703 as the wider cryptocurrency market barely budges in the same period. At one point today LUNC was up by as much as 7.7%, although its current price still means it's down by 17% in a week and by 10% in a month.

LUNC Coinbase News: While the Terra Classic community continues to burn the LUNC tokens, rumors of Coinbase purchasing in bulk appears to pumping the LUNC price. The cryptocurrency is standing out among the top 50 tokens with its daily price rise.