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Terra Classic (LUNC) has been showing signs of stability and is on the verge of a significant breakout despite recent turbulence in the broader crypto market. Over the past week, Terra Classic has seen a dip of approximately 5.21%. However, this decline comes amidst a period of uncertainty triggered by Bitcoin’s recent drop from its […]
The latest LUNC burn of 1.7 billion tokens from Binance significantly reduces the Terra Classic supply, aligning with increased trading…
The post Terra Classic Sees Major Supply Reduction as Binance Burns 1.7B LUNC first appeared on The Crypto Basic.
Nick Johnson, lead developer of the Ethereum Name Service, shared his thoughts and memories of Ethereum on its 10th anniversary.
Terra Classic (USTC) has made headlines with a 17% price increase. Trading and expert attention is currently on the token’s quick ascent. People assume a significant positive divergence caused the bullish momentum. Related Reading: Polkadot (DOT) Poised For Rally? Analyst Predicts $9.00 Breakout Respected crypto expert Javon Marks has shown his positive view of Terra Classic. Marks posted recently on X expressing his opinion that the token may see a significant rise and estimating a target price of $0.08097. Should this optimistic projection materialize, the rise from the existing price would be astounding279%. Marks’ projection indicates that the holding breakthrough seen in the recent market movements makes this aim realistic. Positive Divergence Inspires Hope Marks’ findings have given the coin renewed hope. Trading circles recognize bullish divergence. An asset’s price opposing a technical indicator suggests positive divergence, which often signals a further rebound. Terra Classic’s recent price movements may be part of a larger pattern that shows a long-term uptrend. $USTC (Terra Classic USD)’s price, after confirming a key Bullish Divergence, showed major recovery strength, climbing roughly +54%, but there can be more coming as the $0.08097 target goes unchanged! With this target in play due to a holding breakout, an over 279% run from here https://t.co/BUI6VIOQGU pic.twitter.com/qTHydYy9fY JAVONMARKS (@JavonTM1) July 20, 2024 This fresh hope has been reacted to by investors flooding into Terra, therefore increasing its worth. The 54% increase has given the market hope; many people are now keenly observing to see whether Marks’ forecast does happen. Technical indicators and market mood research confirm this optimistic view by implying that the $0.08097 objective is within reach. Terra Classic: Technical Analysis Complementing the good vibe, the Terra Classic team has been diligently working on important token ecosystem enhancements. The tax distribution update, which seeks to redirect short-term incentives to long-term rewards via the Oracle Split logic, is among the most important recent innovations. This modification is supposed to increase the community pool and help the token expand over time. Announced by well-known developer Till Z, often known as Fragwuerdig in the LUNC community, the latest release v3.1.3 is the result of teamwork with other developers including StrathCole. Based on recommendations 12098 and 12114 passed by the community, these improvements show the active and involved character of the Terra Classic environment. The community is nevertheless hopeful about the advantages these improvements will offer even if small delays resulting from block speed modifications exist. Looking Ahead Technical analysis, market mood, and continuous ecosystem improvements taken together give Terra Classic a bright future. Currently at 70 (Greed), the Fear & Greed Index points to a positive market scenario. With a price volatility of 9.07%, Terra Classic has shown 16 out of 30 green days during the last 30 days. Related Reading: ORDI Soars 26% On Solid 7-Day Run Can It Climb Higher This Week? The most recent price estimate has Terra Classic rising by 9.82% and reaching $0.00009912 by August 21, 2024. This short-term prediction together with the longer-term optimistic view point to now as a suitable moment to give Terra Classic some thought. The latest performance of Terra Classic and optimistic projections have inspired a good amount of investor hope. The coin seems ready for a possibly large gain given considerable technical improvements on hand and strong market mood. Though it remains to be seen if it can meet the lofty $0.08097 aim, the present signs are definitely promising. Featured image from Pexels, chart from TradingView
Terra Classic(USTC) has recently shown a great performance that has attracted the attention of traders and analysts. Javon Marks, a prominent crypto analyst, has shared his insights in a post on X. According to Marks, the price of Terra Classic has displayed a strong rebound and has increased by about 54% after confirming a major […]
A bankruptcy court has ordered Terraform Labs (TFL) to reactivate the Terra Classic (LUNC) Shuttle Bridge and to undelegate and…
The post Court Orders Terraform Labs to Reopen Terra Classic Shuttle Bridge and Burn 150M LUNA first appeared on The Crypto Basic.
EU regulators introduce standardized crypto-asset classification under MiCA with a new test and guidelines to ensure uniformity across the market as regulations begin to come into play.
Terra Classic [LUNC], the embattled token of the collapsed Terra ecosystem, is displaying signs of a major bullish divergence amid a price rebound. This resurgence comes after a considerable period of consolidation following the TerraUSD (UST) de-pegging earlier this year. Source: Javon Marks LUNC (Terra Classic) has returned with major strength here after holding a […]
USTC has shown notable price movements of late. From an abrupt drop earlier in the year to an optimistic current return, both experts and investors find appeal in the digital asset. Related Reading: Filecoin Boom Incoming? Market Optimism Fuels Cryptos Next Breakout Star USTC plummeted more than 51% from $0.330 at the start of the year, to $0.1660. This huge drop made people wonder what the future holds for buyers in the stablecoin. But this week, market data showed that things got better: the price of USTC went up by more than 10%. This good news has given people new hope that the asset might be able to come back to life and renewed their excitement. Crypto Analyst’s Breakthrough Prognosis Noting a confirmed bullish divergence pattern, renowned crypto specialist Javon Marks gave USTC some positive words. He projects a likely upside of more than 360% with a breakout target of $0.08097. From the current levels, USTC could show a big comeback and provide good returns to those who have survived the past crisis. $USTC (Terra Classic USD) has confirmed a bullish divergence pattern while maintaining a major set of Higher Lows that can suggest an uptrend to still be in-tact and a more than 360% upside from here! With prices already being broken out and $0.08097 as the breakout target, https://t.co/qhghFWXNbm pic.twitter.com/yFpQ2pmJDT JAVONMARKS (@JavonTM1) July 10, 2024 Technical Views The creation of higher lows on the price chart indicates that buyers are entering the market at prices that are gradually increasing. This means that demand is growing, which may indicate that the uptrend will continue. Another piece of evidence that supports the positive prognosis for USTC is this technical insight. USTC is seen to encounter critical support and resistance levels that could potentially impact its future trajectory, despite the optimistic technical patterns. As of mid-April 2024, USTC is currently circling a critical support level. In another development, Binance gave the Terra Luna Classic community some support for their LUNC burn effort meant to cut supply. A post by Binance community associate Diana generated discussion in the community by implying that the plan is also part of the USTC resurrection strategy. Popular community member Mr. Diamondhandz1 added to this narrative that Binance is helping with the USTC rebirth in addition to their monthly LUNC burning. Related Reading: Solana Frenzy: Big Buyers Fueling Rally On Top Crypto Exchanges In almost half of the entire 126 billion tokens burnt by the community, over 62 billion LUNC have been decimated by Binance. The community is depending on Terraform Labs to burn USTC in their wallets while the USTC repeg strategy is yet to be finalized. Former Binance big boss Changpeng Zhao recently disclosed that the exchange invested $3 million in Terra but has not sold or relocated its LUNC assets. As a result, LUNC’s price climbed by more than 1% to $0.00007192; it fell short of the $0.000072 threshold. The 22% drop in the 24-hour trading volume suggested lower trader enthusiasm. Likewise, USTC’s price increased 0.50% to $0.01608; market uncertainty caused a 41% decrease in trading activity over the past 24 hours. USTC Price Forecast Meanwhile, USTC’s price is predicted to rise by about 8% by August 10, 2024, reaching $0.0172. This prognosis shows a likely upward advance based on various technical signs even with the current negative outlook. At 29, the Fear & Greed Index currently captures market concern. Apart from a 9.84% price volatility, USTC observed fourteen green days in the last thirty days. Featured image from BTCC, chart from TradingView
MicroStrategy announces 10-for-1 stock split to enhance stock accessibility for investors and employees.
Keith Gill is facing a new class-action lawsuit for his recent social media posts. However, a lawyer says the case is likely doomed to fail.
Keith Gill, known for his role in the GameStop saga, surprises the market with a significant stake in Chewy.
Famous for his accurate crypto analysis, Crypto Jack recently provided his forecast, based on which Ethereum Classic (ETC) is expected to have a strong rebound soon. In a recent X post, Crypto Jack notes that based on the various market signs, ETC is expected to make a big surge in the near future and attract […]
Terra Classic (LUNC), the phoenix attempting to rise from the ashes of the infamous TerraUSD crash, is once again capturing investor attention. Coincodex analysts predict a modest 10.7% price increase by July 25th, while renowned crypto analyst Javon Marks throws a much bolder 1,500% surge into the ring. So, is LUNC poised for a bullish breakout, or is this just another mirage in the volatile crypto desert? Related Reading: Injective (INJ) Price Prediction: Analyst Foresees Huge Jump To $380 A Token Reborn: LUNC Capitalizes On Market Volatility LUNC, once the backbone of the collapsed TerraUSD (USTC) stablecoin ecosystem, has defied expectations. While USTC lost its peg to the US dollar and spiraled into oblivion, LUNC has exhibited surprising resilience. The past 24 hours saw an 82% price jump, showcasing continued investor interest in the controversial token. This resilience coincides with a broader market trend where investors, wary of traditional assets, are seeking refuge in digital currencies perceived as having strong recovery potential. Analyst Divided: Measured Optimism Vs. Moon Shot Coincodex paints a picture of cautious optimism. Their prediction of a 10.7% rise suggests LUNC may experience a slow and steady climb. This aligns with the “Fear & Greed Index” which currently sits at a moderate “Fear” level, indicating a cautious market. We remain here $LUNC (Terra Classic)’s first target at $0.00058046, implying a more than +594% upside from here to reach it in response to a long-standing breakout. Trend-Wise, based on the previous breakout and climb, this level can be exceeded with heights of $0.00139122 being https://t.co/rAbwsHIkqY pic.twitter.com/XOYdulvUc8 JAVONMARKS (@JavonTM1) June 24, 2024 However, analyst Javon Marks throws a wrench into the mix with a far more audacious prediction. Marks posits a potential 1,500% price surge, targeting a price of $0.00139122. This bullish outlook hinges on the idea that LUNC is nearing a breakout phase, fueled by a combination of its recent price gains and historical data. A Balancing Act Of Hype And Reality While Marks’ prediction is certainly enticing, historical trends in the cryptocurrency market are littered with failed “moon shot” predictions. The extreme volatility inherent in the crypto space makes long-term price forecasting notoriously unreliable. Additionally, technical indicators currently lean bearish, suggesting potential short-term price dips. Investors should also consider the ongoing legal battles surrounding the Terra ecosystem, which could cast a shadow on LUNC’s future. Terra Classic Rejects Validator Expansion Proposal Meanwhile, the Terra Luna Classic community has rejected Proposal 12116, which sought to increase the blockchain’s validator set from 100 to 130. This proposal emerged in the wake of a $4.5 billion settlement between Terraform Labs, founder Do Kwon, and the US Securities and Exchange Commission. The aim was to enhance the networks decentralization by incorporating validators from Terra Luna v2, potentially signaling a move towards unification within the Terra ecosystem. Related Reading: Fact Or Fantasy? Decoding The Bitcoin Rainbow Charts $250,000 Prediction However, the proposal did not gain sufficient support in the communitys governance voting. Concerns about integrating Luna v2 validators, the potential impacts on network security and performance, and the desire to maintain a distinct identity for Terra Luna Classic were significant factors in the decision. Featured image from Pexels, chart from TradingView
The Terra Classic community is currently engaged in a pivotal vote on a proposal aimed at reviewing the LUNC burn…
The post Terra Classic Community Votes on LUNC Burn Tax Allocation Change first appeared on The Crypto Basic.
The American cryptocurrency exchange, Coinbase, is embroiled in yet another class-action lawsuit. This lawsuit alleges that investors were misled into purchasing tokens classified as unregistered securities. Filed last Friday, the class action also contends that the exchanges business model is unlawful.
Another Class Action Against Coinbase
According to the lawsuit, Coinbase's listed tokenssuch as Solana, Polygon, Near Protocol, Decentraland, Algorand, Uniswap, Tezos, and Stellar Lumensare considered securities, rendering their listings on the exchange illegal.
The lawsuit further claims that in its user agreement, the exchange acknowledged its role as a securities broker, thereby categorizing the digital assets it offers as investment contracts or securities. Additionally, the lawsuit states that Coinbase Prime, the platform dedicated to institutional clients, also operates as a securities broker.
$COIN is facing a new class-action lawsuit for alleged investor deception.- Plaintiffs argue the exchange's business model is illegal and accuse Coinbase of selling unregistered securities.- Cryptocurrencies cited include Solana, Polygon, Near Protocol, Decentraland, pic.twitter.com/NYpVeND5Gf
@TheLordofEntry (@thelordofentry) May 5, 2024This latest lawsuit is among several class actions the San Francisco-based company has faced in recent years. A similar lawsuit filed in 2022 also claimed the exchange listed 79 tokens as unregistered securities.
The primary plaintiffs in this recent lawsuit are six individual investorsGerardo Aceves, Thomas Fan, Edwin Martinez, Tiffany Smoot, Edouard Cordi, and Brett Maggard, residents of California and Florida. The case has been filed at the United States District Court for the Northern District of California, San Francisco Division.
The plaintiffs are seeking full rescission, statutory damages under state law, and injunctive relief via a jury trial.
Coinbases Legal Troubles
Coinbase is also contending with charges from the U.S. Securities and Exchange Commission (SEC), which accuses the exchange of operating as an illegal trading platform by offering unregistered crypto asset securities. The regulatory lawsuit also alleges that the platform acts as an exchange, brokerage, and clearing agencydistinct roles under current U.S. lawswithout the necessary registrations.
In response, Coinbase has counter-sued the SEC, demanding clear regulations for the cryptocurrency industry. Moreover, Consensys, the company behind Metamask, recently sued the SEC, aiming to establish Ether as a non-security and to challenge the regulator's ambiguous authority over the Ethereum blockchain.
This article was written by Arnab Shome at www.financemagnates.com.
Crypto market analyst Javon Marks expects Terra Classic (LUNC) to record a 1,134% price spike to $0.00139 following confirmation of…
The post Analyst Sees Terra Classic Spiking 1,134% to $0.00139 as LUNC Confirms Major Bullish Pattern first appeared on The Crypto Basic.
Binance Seeks Arbitration for Members in Securities Class Action Lawsuit Cryptocurrency exchange Binance is pushing for arbitration on behalf of its users who are involved in a securities class action lawsuit. The exchange has filed a motion seeking to compel arbitration with the Southern District of New York. The lawsuit alleges that Binance violated federal [...]
Explore the best crypto to invest in 2025. Discover Arctic Pablo Coin's 3900% ROI potential, Celestias modular rise, and Terra Classics underdog story.
The post Best Crypto to Invest in 2025? Arctic Pablo Coin, Celestia & Terra Classic Compared appeared first on Kanalcoin.
Bulls appear to be regaining control over the market again as the XRP price gears up for a potential rally to $6. According to a crypto analyst, this forecast is rooted in the Elliott Wave Theory, which indicates that Wave 5, which is the final and usually the most explosive leg up, is getting ready to run. Elliott Wave 5 Signals XRP Price Explosion In one of his latest Elliott Wave analyses, X (formerly Twitter) crypto expert Dark Defender forecasts a powerful rally for the XRP price, suggesting that the third-largest cryptocurrency could skyrocket to $6 soon. According to the analysis, XRP has been moving in a predictable wave structure since February 2025, and recent price action confirms the partial completion of the monthly Wave 5 bull pattern. Related Reading: XRP Price At $9 In September: Gann Angle Resistance Grid Predicts Surge The chart shows that since February, XRP has been following what Dark Defender refers to as the green path, aligning with the expected trajectory of the Monthly Wave 4. This wave has recently concluded after unfolding into five smaller sub-waves, highlighting a precise and structured technical behavior. The fourth sub-wave peaked at around $2.36, a level previously identified as a key confirmation point. As predicted, the XRP price bounced off this level before retracing to $2.07, forming the final leg of sub-wave 5 of the monthly Wave 4. XRPs current bullish setup reveals that the monthly Wave 5 is now in its early stages, with the drop to $2.07 possibly marking the bottom of the corrective structure. Dark Defender emphasizes that while Wave 5 has already begun, the larger upward move still awaits full confirmation, indicating that there may be significant room left for XRP to rally. Technical projections place the potential upside target of this Wave 5 near $6.85, representing a sharp bullish breakout if market momentum aligns with the expectations of the wave structure. Analyst Says The Real Bull Rally Is About To Begin The XRP price is approaching a major technical breakout, as crypto analyst CW highlights the emergence of a classic bull flag pattern. After experiencing months of consolidation, the analyst suggests that the next explosive leg in XRPs price action may be around the corner. Related Reading: XRP Price Still On Bullish Path To $5 As Long As This Level Holds The daily chart reveals a clear bull flag structure, formed after XRPs powerful rally in 2024 when its price jumped from $0.5 to over $2. This aggressive and unexpected move created the flagpole, followed by a multi-month period of consolidation, forming the descending flag pattern. Now, XRP is testing the upper boundary of the bull flag, trading just above $2.36 at the time of the analysis. A decisive breakout and close above the resistance trendline could trigger a fresh wave of bullish momentum. According to CW, this breakout would mark the beginning of a true bull rally for XRP. Featured image from Pixabay, chart from Tradingview.com
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