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Terra Luna Classic core developer L1TF's proposal for core security upgrade package deployment hits a roadblock after validators including Allnodes voted “No”. The community members cited proposal 11889, a pay-per-job approach for developments, as the reason for rejecting the current proposal.

LUNC is presently valued at $0.00009636, indicating a 3.59% uptick in the last 24 hours. Despite the recent 36% dip in the past month, the cryptocurrency is teetering on a vital support level, identified by the green band.

The cryptocurrency market slightly recovered on January 26 after two weeks of poor performance following the Bitcoin spot ETF approval.

The staking ratio, a pivotal measure of investor confidence, is on a steady ascent, approaching 15%. This signals a potential turnaround for LUNC, standing out amid the prevailing bearish sentiment.

Terra Luna Classic (LUNC) has been accepted in a lower range as bulls bowed down to the intense sell-off and rising crypto market uncertainty. The hype for spot Bitcoin ETFs coupled with increased interest from the community in the token propelled LUNC to its highest peak in 2024 at $0.00028.

Terra Luna Classic proposal for enabling the ICA Controller parameter received unanimous support from the Terra Luna Classic community, including validators. The proposal received 99.97% votes in favor, surpassing the pass threshold before the deadline.

Will this upgrade boost the LUNC price performance? Let's take a look at this LUNC price prediction article in more detail.

Amidst legal turmoil and Terraform Labs' collapse, Do Kwon's Serbian venture Codokoj22 remains active. Terraform Labs, the company behind the $60 billion collapse in the crypto market, filed for Chapter 11 bankruptcy in the U.S.

Terra Classic members strive for a better future for the game-tested LUNC with the latest core security upgrade proposal.

In a surprising turn of events, Terraform Labs, once a titan in the crypto industry, has filed for bankruptcy protection in the United States.

Terra Luna Classic developer Joint L1 Task Force's (L1TF) core security upgrade package proposal is now under voting for the Terra Luna Classic community. This is a much-needed move by developers amid multiple headwinds that hindered LUNC revival and USTC repeg hopes despite a major push from crypto exchange Binance last year.

This establishes a bearish flag pattern, and a potential breakdown of this pattern may intensify selling pressure. The question arises: Will the LUNC price crash to $0 in 2024?

Will the LUNC price crash to $0 in 2024? Let's take a look at this Terra Luna Classic price prediction article in more detail.

Collapsed crypto company Terraform Labs has filed for Chapter 11 bankruptcy in the United States. The firm submitted a voluntary petition to the U.S. Bankruptcy Court for the District of Delaware.

Terra Classic (LUNC) experienced a massive sell-off, losing nearly two-thirds of its capitalization from December 2023. With that, LUNC left the top 100 cryptocurrencies ranked by market cap, sitting among the underdogs.

The crypto market is dumping immensely following in the Bitcoin price footsteps as it sinks below $40,000. Since the spot BTC ETFs went live in the US, it has been a massacre for the largest crypto and the top altcoin alike.

Terra Luna Classic community votes on another key proposal to bring changes to the chain impacting internal storage before developers start making key upgrades to the chain. It restricts developers from exporting the state of Terra Classic into a genesis.json file, which is crucial for testnets.

The Terra LUNC price continues to trade in the red, indicating a strong bearish influence in the crypto space. Further, the Terra token has lost over 11% within the past 24 hours, and over 26% over the past week. The LUNC price traded in a closed range between $0.0001327 and $0.

Amid crypto market uncertainty, the Terra Classic price, after a downward shift, is now trading sideways above the $0.0001 level, a key support corresponding to the 78.6% Fibonacci Retracement. This aligns with the formation of a bearish continuation pattern known as a pennant.

Terra Classic community has successfully executed the burning of over 700 million LUNC and 230,000 USTC tokens. This move forms a part of the broader strategy to restore the Terra Classic (LUNC) and TerraUSD Classic (USTC) after their notable collapse over 20 months ago.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sui Chung, CEO of CF Benchmarks, discusses bitcoin's sell-off after the launch of spot bitcoin ETFs in the U.S.

Amid the current uncertainty in the crypto market, the Terra Classic Price downward trend shifted sideways to trade above the $0.0001 physiological level. This support coincides with the 78.6% Fibonacci Retracement level bolstering the formation of a bearish continuation called a pennant.

Do Kwon-founded Terraform Labs files for Chapter 11 bankruptcy in the U.S.

Crypto.com confirmed the delisting of the Terra Classic token from its trading platform following Terra Labs' bankruptcy filing.