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Crypto Price Today 12 Dec: The crypto market's big coins have fallen in the last 24 hours, making it a dull day for investors. The market still seems bearish as coins are falling down every other day.
Worst Solana Tokens This Week: The overall prices of crypto tokens have been down today. Following this, the tokens in the Solana chain are also trading in negative.
Since May 2022, LUNC has been at the heart of the crypto market's problems. It is once again among the worst-hit coins in the year's second crypto crash.
The LUNA Classic (LUNC) price has noted a fresh decline in the last 24 hours. In that time frame, the altcoin depreciated by 1%.
Terra Classic developer Terra Rebels' official Proposal 11030 is now up for voting by the community. The proposal will enable Terra Rebels to get 937,500,000 LUNC tokens worth $150,000 from the community pool for Rebel Station development.
Terra Classic (LUNC) continues to be among the most trending crypto assets despite the collapse of the Terraform labs and the original chain of the collapsed Terra (LUNA) ecosystem.
The Terra Luna Classic price has dropped by 0.5% in the past 24 hours, with its current level of $0.00017176 representing a 2% increase in the past week and a 6% jump in the past fortnight. However, with its community still debating future improvements, and with the FTX collapse still weighing down sentiment, LUNC has dropped by 10% in the last 30 days.
Cryptocurrency prices today traded in the green zone as the global crypto market cap gained 2.27% at $859.40 Billion. The total crypto market volume over the last 24 hours is $37.53B, which makes a 1.03% increase.
After massive FUD due to Terraform Labs ending support for Terra Station risked the survival of Terra Classic (LUNC), the community has finally found a life. Terra Classic blockchain tokens LUNC and USTC have rallied over 6% and 20% in the last 24 hours, respectively.
After wiping billions of dollars worth of investor money in May this year, Terra's twin collapse of its stablecoin (UST) and its native token after losing its dollar peg heightened the ongoing bearish fire in the crypto market.
The LUNC coin price losing for three consecutive days, has reverted from a descending trendline and breached local support of $0.000167. The coin price currently trades at the $0.000165 mark, and a daily candle close below the mentioned support will accelerate the current selling pressure.
LUNC, the native cryptocurrency that powers the Luna Classic blockchain, was last changing hands near $0.00017 and was just above its 21-Day Moving Average at $0.0001675. Whilst the cryptocurrency is still trading about 14% higher versus its November lows under $0.00015, it has seen a sharp pullback since nearing $0.00019 earlier this month.
After Terra Rebels announced a proposal to separate from the blockchain company Terraform Labs (TFL) and its founder and CEO Do Kwon, the LUNC community Terra Rebels Station is now up and running as an alternative to the newly announced Station wallet app.
Volunteer Terra Classic developer group Terra Rebels has announced ending support for Terra Station and will focus on Rebel Station. TerraCVita will handle support for Terra Station from now onwards.
Terraform Labs to transition from “Terra Station” to “Station” as part of becoming a cross-chain wallet application for Terra and Feather/Alliance chains and support decentralization. Terra Rebels claims Terra Classic (LUNC) network will lose Terra Station support and requires extensive and costly L1 work to become compatible with the new Station.
The Terra Luna Classic price prediction is bullish, as the LUNC/USD pair has gained support at $0.000169, a support level extended by an upward trendline. A recent arrest warrant issued for associates of Terra (LUNA) founder Do Kwon has apparently been thrown out by a South Korean judge.
The community is now predicting an increase in the price of LUNC since the Terra Classic network is due to reopen an essential part of its ecosystem on December 6. Amid the hush-hush, a significant cryptocurrency influencer has predicted an incoming bullish wave for LUNC.
As we head into the festive period, the cryptocurrency market is showing signs of recovery following the collapse of FTX and the bearish sentiment surrounding the space.
As the Terra Classic network is set to reopen a vital part of its ecosystem on December 6, the community anticipates another price surge for LUNC. According to data from the TerraFinder, the largest transaction on the Terra network occurred on December 4, following the burning of 5.4 million LUNC tokens in a single transaction.
Terra Rebels and Terra Classic core developer Edward Kim in a Twitter Space on Monday shared current progress related to re-opening Inter-Blockchain Communication (IBC) channels, Proposal 10983 to mint 50% from 0.2% LUNC burn tax, and Terra Classic v23 upgrade, and others. Terra Rebels' Edward Kim Discusses Upcoming Plans Edward Kim, Terra Classic core developer, The post Terra Classic Edward Kim On Reopening IBC Channel, Proposal 10983, Other Plans appeared first on CoinGape.
Terra Luna classic has been in a downward trend for the past two months, which has seen its price dropping by 51% from October 1 to date.
LUNC News Live Updates (December 5): Terra Classic community has passed Proposal 10983 despite many raising concerns that it may cause Binance to revoke its LUNC burn mechanism. Binance recently burned almost 6.3 billion LUNC tokens on December 1.
The Terra Luna Classic price prediction is bullish, as the LUNC/USD pair has gained support at $0.000169, a support level extended by an upward trendline. The cryptocurrency market has recently been harsh on investors, with most cryptocurrencies failing to generate gains due to liquidity concerns at FTX, Genesis, and numerous other crypto exchanges.
