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Terra Classic's burn rate remained high while its price rallied. LUNA also followed LUNC's course as its price surged in the last 24 hours.

Terra Price Prediction: In the past three days, Terra Luna (LUNA) has encountered significant momentum, surging by 34% to currently trade at $0.34. This upswing seems to be aligned with the notable growth observed in Algorithmic Stablecoin TeraClassicUSD (USTC), following a strategic investment move aimed at its revival.

Terra Luna Classic's upward momentum has reached new heights following the unanimous approval of a crucial proposal by its community. This milestone focused on resolving a critical sequence mismatch issue by deploying the terrad v2.3.1 client on-chain.

The recent surge in Terra Classic (LUNC) tokens over the past 48 hours is a familiar trend within the Terra ecosystem. The community-driven Terra Luna Classic chain has experienced multiple revival initiatives, ranging from the introduction of token burning to enhancing inter-blockchain communication (IBC).

Terra ecosystem coins have spiked following the injection of $15 million into the network's DeFi ecosystem by Terraform Labs.

The sudden upsurge witnessed in Terra Classic tokens in the last 48 hours is not the first time for the Terra ecosystem. The community-led Terra Luna Classic chain witnessed multiple revival efforts from introducing burning to inter-blockchain communication (IBC).

Based on CoinMarketCap data, USTC has surged an impressive 302% in the last 24 hours, reaching $0.06715. The trading volume for USTC has skyrocketed by a substantial 2,284% during this period, totaling $1.21 billion worth of trades.

Terra Classic USD (USTC), formerly UST stablecoin, has seen an impressive spike in the last 24 hours.

Terra Classic (LUNC) has witnessed an impressive surge of 97.22% over the last 30 days, a significant increase from its October 27 price of $0.0000646, which has prompted investors to set their sights on the $0.10 mark.

Terra's failed stablecoin is particularly impressive today with a massive triple-digit surge.

TerraClassicUSD (USTC), the algorithmic stablecoin tied to the LUNA ecosystem, recently went on an upward trajectory to register gains of over 300%. In a stunning cascade of events, the token's price spike in the past 24 hours has left investors wondering about the implication for Terra Classic (LUNC) and the potential revival of the LUNA ecosystem.

The world's largest crypto exchange Binance on Monday said it will launch a USTC perpetual contract offering up to 50x leverage after careful review. The move surprisingly comes amid a massive jump in TerraClassicUSD (USTC) and Terra Classic (LUNC) prices as Binance plans to launch the USTC perpetual trading today itself at 12:30 UTC.

Cryptocurrency prices have not started the week well. Bitcoin price retreated to $37,361 while the total market cap of all digital currencies dropped by 1.50% to $1.42. Some of the worst performers were tokens like Blur, FTX Token, Celestia (TIA), Mina, and ApeCoin.

The three tokens of the Terra ecosystem — Terra (LUNA), Terra Classic (LUNC) and TerraClassicUSD (USTC) — have gained momentum following an update last week.

TerraClassic, a decentralized stablecoin on Terra Classic, has surged by over 223% in the past 24 hours following a de-pegging incident in May 2022. Meanwhile, a local court in Podgorica has paved the way for the potential extradition of Do Kwon, the founder of Terraform Labs.

Following a silent pullback wave for weeks, the LUNC price skyrockets 28.50% overnight, with the Terra Classic (USTC) price surging 137%. The sudden jump reignites the bullish trend and increases the chances of a prolonged uptrend.

Amidst the legal turmoil surrounding Terraform Labs and its founders, the cryptocurrency they created, Terra Classic (CRYPTO: LUNC) is blazing past Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). What Happened: Terra Classic is up 25%, trading at $0.000099.

Yesterday, TerraClassicUSD (USTC) experienced a surprising surge, marking a significant shift in its value as it underwent a substantial increase.

Terra Luna Classic community has unanimously passed a crucial proposal amid efforts to revive LUNC and USTC. The proposal seeking community approval for the on-chain deployment of terrad client v2.3.1, related to incorporating dynamic validator commission module.

In the aftermath of a token crash attributed to an algorithm fault, Terra Classic (USTC) and the Terra Ecosystem have faced significant challenges. The market crash resulting from this incident continues to have lasting effects, with multiple attempts to revive the ecosystem proving unsuccessful.

The crypto prices today were in the negative territory, mainly due to the absence of any positive catalyst fuelling further gains in the market. Meanwhile, the market has witnessed a notable surge over the past few weeks, suggesting a bullish sentiment among investors.

Terra Classic Price Prediction: The recent turbulence in the cryptocurrency market, driven by factors like the delayed approval of Bitcoin's spot ETF and legal concerns around Binance, has led to increased selling pressure affecting various cryptocurrencies, including Terra Classic (LUNC). Experiencing a notable correction of around 30% from $0.0000972 to $0.00006, LUNC's decline seems to be part of a bullish pennant pattern, offering a potential recovery opportunity for investors.

Terra Classic Price Prediction: The cryptocurrency market has recently faced a highly volatile period, largely due to the delayed approval of Bitcoin's spot ETF and legal issues surrounding Binance and its former CEO, Changpeng Zhao. This turmoil has led to increased selling pressure, significantly impacting various cryptocurrencies, including Terra Classic (LUNC).

A court in Montenegro's capital, Podgorica, approved Do Kwon, the founder of the Terra ecosystem, extradition to either South Korea or the United States. Montenegro's Minister of Justice will decide which country Kwon goes to.