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The day the Terra Classic price (LUNC) hit its 2022 top, two of the best crypto traders correctly predicted the bull run was over.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject. Luna (LUNC) is the native cryptocurrency of the Terra stablecoin system which was launched in 2019.

The Proposal 5234 has been in discussion these days in the Terra Classic community after Binance CEO “CZ” recommends lesser fees to increase Terra Classic (LUNC) burn rate. The community member Akujiro proposes to reduce the burn tax to 0.2% and set 10% to finance Terra Classic ecosystem infrastructure and contributors.

The Terra Classic (LUNA) community is striving to get the attention that the currency deserves and one such move is the 1.2% tax burn. This initiative is currently supported by Binance, world's largest crypto exchange.

While most of the cryptocurrencies were facing a downtrend, there was one currency that was enjoying the price rise in backdrop. Terra's new chain Terra Classic (LUNC) is the one which is having its heydays with an increased bullish moment. At the time of writing, Terra Classic (LUNC) has gained 6.

Changpeng Zhao, the CEO of Binance, has disclosed that cryptocurrency exchanges would be entitled to a 1.2% burn on the transactions tax, retroactive to September 21. As one of the most actively traded cryptocurrencies on the market, Terra Classic attracted more than $450 million in volume recently.  More than 5.

Historically, the fourth quarter of the year is known to offer strong months for cryptocurrency investors. In line with this, the entire market sentiment may switch from the current cautious mentality to one that sees the market explode.

A wild year unfolded for Terra Luna Classic (LUNC). After reaching $119 in April, it dropped to $0 on May 12 when it collapsed. The token began to regain strength and during the past several months, it had a 180% increase.

Terra Luna Classic is preparing for a bullish move to $0.00037, moments after holding firmly to support at $0.00025. Over the last few weeks, its performance continued to disappoint investors, as they counted losses from $0.00037. However, insight from a double-bottom that recently formed on the four-hour chart foreshadows a 26.26% northbound breakout.

It has been quite some time since the launch of the much-awaited Terra Classic [LUNC] 1.2% tax burn protocol, which according to many had the potential to change LUNC's fate in the long run. To date, more than 18 billion LUNC tokens have been burned, which accounts for over 0.268% of the token's total supply.

Investors in Shiba Inu (SHIB) and Luna Classic (LUNC) have turned to The Hideaways - a brand new crypto project launched last month and available at just $0.045.

The crypto-verse has witnessed a very unusual event, which has been outrageous for investors and marketers from the crypto spectrum. Indeed, the fall of the infamous TerraUSTC(USTC) led to a gigantic drop of Terra(LUNA), now Terra Classic (LUNC) shook the entire crypto space.

Terra Classic remains one of the most traded cryptos in the space as it attracted more than $450 million in volume in the last 24hrs.

The bears have regained their dominant position in the crypto space, causing Bitcoin to fall to a low of $19,000 yesterday. The entire market flipped, leading to crashes in several altcoins, including TerraClassic.  Terra Luna Classic's price has dropped from $0.000302 to $0.000263, recording a 13.61% fall in 12 hours.

Terra Classic (LUNC) Price  Despite a significant upswing, TerraClassic remains in bearish captivity as it consistently fails to reach the pivotal resistance at $0.00033. The platform introduced a 1.2% LUNC burn, which was anticipated to revive a bullish trend, but the bears comfortably restricted the price below $0.0003 even after the burn.

Terra Luna Classic price remained in a tight range in the past few days. The LUNC price was trading at $0.00028, where it has been this week.

The community behind the collapsed Terra ecosystem, which has since rebranded to Terra Classic ($LUNC), has created a petition asking Nasdaq-listed cryptocurrency exchange Coinbase to list its token.

 The price of the Terra ecosystem's algorithmic stablecoin that collapsed in May of this year, TerraClassicUSD ($USTC), has surged by over 90% over the past few days after a blockchain engineer submitted a proposal for it to be re-pegged to the U.S. dollar.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Terra Classic (LUNC) price jumped over 8% after a dump as Terra Rebels launches the official subReddit on Tuesday. The group behind the Terra Classic Revival Roadmap looks to engage the community to utilize and interact on Reddit where it all started.

Market experienced another sell-off on October 11

The Hideaways, currently with a market cap of just $45m looks set to hit a market cap of $1bn in 2022 based on current growth rates.

The previous week saw a spike in the LUNC community's pleas for Coinbase to include the cryptocurrency. It coincides with requests for Robinhood, another trading site, to include the token in its offering. This was the same strategy used successfully by the Shiba Inu community to have the meme coin listed on major exchanges.