The recent Binance burn event and the upcoming one are expected to reduce token supply, potentially boosting LUNC’s price, with analysts predicting a 480% rally toward $0.000593. Governance improvements, including increased transparency and community-driven efforts, have heightened optimism for LUNC’s potential, with a price target of $0.0005 in sight. After Binance burned 1 billion LUNC…
Terra Luna Classic shows potential for a 300% rally after breaking out of a 2-day Falling Wedge pattern. Analysts highlight the setup as a possible start of a larger bullish move, driven by strong market momentum. Terra Luna Classic (LUNC) is gaining the interest of the crypto industry, with many predicting an explosive future. In…
LUNC had a recent higher trend reaching the high of $0.00010716 on this daily chart. It was trading above the upper Bollinger bands at press time. LUNC has continued to show bullish signals with the buying interest of the analysts and community, though facing resistance. With the increase of in price, current activities such as…
Terra Luna Classic (LUNC) has risen 5% today on strong technical indicators and market sentiment. The recent burn event of the LUNC token is what led to the surge in that price. LUNC Price Chart Analysis LUNC/USDT is up with a price increase of 5% trading at $0.00009066 in the last 24 hours. The price has recently…
Terra Luna Classic is set for a potential 570% rally, signaling strong community optimism. The Reverse Charge tax on LUNC simplifies transactions and supports ecosystem growth. Terra Luna Classic (LUNC) is showing signals of a potential breakout, paving the way for what many in the community believe will be an incredible bullish run. Popular crypto…
Terraform Labs recently burnt 251 billion LUNC and 264 million USTC, decreasing the number of tokens in circulation significantly. 264 million #USTC and 251 billion #LUNC have been burned 🔥🔥🔥 To the moon🚀🌕 pic.twitter.com/s06yfAtH8u — LUNC NEWS ⚡️ (@Chot4a) November 4, 2024 With these burns, many in the crypto community ask if LUNC could make…
The new Reverse Charge tax mechanism on LUNC simplifies tax deductions and prevents double taxation, benefiting developers and users alike. This update aligns with community-led initiatives to stabilize the LUNC ecosystem, including substantial token burns and infrastructure updates. A “Reverse Charge” tax mechanism has been adopted by the Terra Luna Classic community to streamline how…
Developer group Orbit Labs’ proposal to remove forked mainline modules from the Terra Luna Classic blockchain has received massive approval from voters. The community has also approved another proposal meant to enable access to TerraForm Lab’s (TFL) listings on popular aggregators. The Terra Luna Classic (LUNC) community recently commenced voting on the Text proposal 12142…
After a burn of 320 million tokens last week, Terra Luna Classic (LUNC) has seen a stable price performance. The burn aims to reduce LUNC’s oversupply, which soared to 6.9 trillion after Terra’s collapse. Source :luncmetrics Traders are optimistic that these burns could lead to price appreciation, as reduced supply increases demand. LUNC Price Consolidation…
Orbit Labs has proposed to remove forked versions of Cosmos modules in the standard upstream modules in Terra Luna Classic, which it claims are costly. The company has also pledged support for a proposal to impose taxes on the recipient rather than the sender, which it says could make transactions more user-friendly. Orbit Labs has…
October 2, 2024 at 12:25 PM GST 2 mins read News From the discussion of Binance’s latest burn of 1.14 billion LUNC tokens, the prices of LUNC and USTC jumped by 10%. Some analysts have estimated a 40% potential increase in LUNC prices after the token burn. However, it is still warned that the elements…
The LUNC community burned 726 million USTC from Anchor Protocol, raising hopes for a price rally despite low trading volume. A potential increase in the burn tax to 1.5% could accelerate token burns and support long-term staking rewards in the Terra Luna Classic ecosystem. As highlighted in a recent CNF update, Terra Luna Classic planned…
Terraform Labs might burn billions of LUNC as its bankruptcy proceedings nears its end. Despite general uncertainty in the Terra Luna Classic community, its associated assets have erased their losses. According to validator HappyCatKripto, Terraform Labs (TFL) could burn 1 billion USTC and 275 billion Terra Luna Classic (LUNC) tokens as part of its Chapter…