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Terra LUNA Classic Price Prediction - LUNC is currently consolidating below its $0.00008 support level. Bulls need to reclaim this level ASAP.

In the dynamic realm of blockchain technology, the Terra Classic (LUNC) network has witnessed dedicated developers striving to elevate its capabilities.

BitMos plans to bring Bitcoin BRC-20 support to Terra Luna Classic. The project will bridge the gap between Bitcoin and the Cosmos ecosystem to unlock new frontiers for DeFi applications and smart contracts, starting with Terra Luna Classic.

In response to increasing uncertainty in the crypto market, the LUNC price shows an evident sideways trend in the daily chart. The short-body candles with higher wicks reflect no initiation from buyers or sellers and a probability of prolonged consolidation.

Over the past week, LUNC coin price has been trading sideways and maintained its position above the multi-month support level of $0.00000792-$0.00000784. In the face of mounting selling pressure across the crypto market, LUNC buyers struggling to regain higher ground, highlighting weakness in the prevailing bullish momentum.

The Terra Luna Classic community is currently abuzz with fervent engagement in a series of critical votes that could reshape the platform's developer team and governance structure. With a focus on reforming the Joint L1 Task Force (L1TF) core developer team, which plays a pivotal role in maintaining and upgrading the Terra Luna Classic chain, the community is at the center of a significant decision-making process.

Terra Luna Classic community currently focuses on reforming the Joint L1 Task Force (L1TF) core developer team. Two proposals are put for voting on the Station for a transparent and effective governance structure within Terra Luna Classic.

Terra Classic (LUNC) has suffered persistent declines since the network's collapse back in 2022. These declines have ranged from its price through to the network's Total Value Locked (TVL).

The SEC's handling of the Green United case offers insights into its potential approach to Coinbase's motion to dismiss, emphasizing the significance of the "major questions doctrine" in cryptocurrency lawsuits.

With most of the assets on the cryptocurrency market still trading in a largely monotone manner, Terra Classic (LUNC) is going through some difficult times, recording losses on all of its charts, as well as the total value locked (TVL) on its blockchain dropping to the lowest levels since its launch.

Puzzling crypto shake-up by Fireblocks: LUNC, USTC at risk of being delisted from CEXs.

Terra Luna Classic core developer L1 Terra Classic Task Force (L1TF) shared updates on the progress and direction of its plan to focus on reducing USTC and LUNC supply in Q3. The developer group is preparing for a major core upgrade v2.2.0 to make several improvements in the Terra Luna Classic blockchain while resolving issues

Recent findings indicate that Terraforms Labs and its co-founder Do Kwon are transferring Bitcoin and other digital currencies worth a significant amount. This action has sparked curiosity among experts who wonder if Kwon is gathering funds for legal defenses.

Although there have been recent attempts to align Terra Classic (LUNC), the rebranded native cryptocurrency of the disgraced Terra (LUNA) ecosystem, with other crypto projects and blockchains, the total value locked (TVL) on its network is continuously declining.

In the realm of digital assets, a seismic shift has rattled the Terra Luna Classic (LUNC) ecosystem, as infrastructure heavyweight Fireblocks made a decisive move. Announced on August 8 by the LUNC DAO, several digital asset infrastructure providers, including Fireblocks, have opted to cease support for Terra Luna Classic.

Digital asset infrastructure providers such as Fireblocks announces to stop supporting Terra Luna Classic (LUNC), adding another challenge for LUNC community to revive the ecosystem. The companies have cited many reasons that pose a high risk of loss of funds and overall instability.

In a series of significant developments, Terraform Labs (TFL) and its co-founder Do Kwon have been involved in Bitcoin transactions worth millions, raising eyebrows and attracting regulatory attention. On-chain data has revealed movement of substantial amounts of BTC linked to Luna Foundation Guard (LFG), and the US Securities and Exchange Commission (SEC) has filed a lawsuit, adding to the legal woes faced by the cryptocurrency firm.

Terra Luna Classic proposals 11658 and 11660 to return and burn 800 million USTC have officially passed by the community. The community favors sending these USTC tokens to the burn address rather than returning them to the community pool.

Terraform Labs (TFL) and co-founder Do Kwon have moved Bitcoin and other crypto assets worth millions in the past few months. Do Kwon's affiliates have started selling BTC linked to Luna Foundation Guard after transferring 5292 bitcoins to another wallet last month, according to on-chain data confirmed by a South Korean news outlet.

Terra LUNA Classic Price Prediction: The sideways price action of LUNC crypto must not be ignored. A reclaim of $0.000080 will be very bullish.

Founder of Terraform Labs, Do Kwon, moves large amounts of BTC while imprisoned in Montenegro — accomplices in control of bitcoins.

LUNC's staking ratio has declined of late, meaning that stakers were unstaking their holdings.

In a resounding chorus of unity, Proposal 271 has etched its name in the annals of blockchain history, securing an awe-inspiring 99.98% majority in favor of reinstating inter-blockchain communication (IBC) between Terra Luna Classic and Crescent. This groundbreaking decision not only illuminates the indomitable spirit of the community but also stands as a shining testament to the unwavering commitment to innovation amidst the tempestuous tides of market fluctuations.

LUNC News: The community has unanimously voted in favor of a proposal to re-enable inter-blockchain communication (IBC) transfers between Crescent and Terra Luna Classic. Professor Edward Kim earlier announced the reopening IBCs for Osmosis, Crescent, and Juno that were disabled during the May 2022 Terra-LUNA crisis.