USTC Preps For Explosive 360% Run, Crypto Analyst Reveals When

Crypto analyst Javon Marks has again provided a bullish narrative for Terra Classic USD (USTC). This time, the analyst predicted that the stablecoin could rise by over 360% and revealed when this parabolic run would happen.  When USTC Will Rise By Over 360% In a chart shared in an X (formerly Twitter) post, Marks suggested that USTC could begin its 360% parabolic run sometime this month and peak in September. The analyst explained that USTC is still holding a Bullish Divergence and multiple sets of higher lows, indicating that the token is still in a bullish environment, with a 360% recovery run on the horizon.  Related Reading: Celsius Takes Legal Action Against Tether In $2.4 Bitcoin Collateral Controversy Marks added that with prices still broken out, this run could lead to USTC rising to $0.08097 and that it ” may take place at unimaginable speeds. As part of his analysis, Marks showed that USTCs relative strength index (RSI) is still hitting higher lows despite the tokens price decline, suggesting that bears may be losing their control with a bullish reversal on the horizon.  Marks had noted in an earlier analysis how USTC showed major recovery strength  as it recorded a price move of over 54% after confirming a key Bullish Divergence. He affirmed that a higher price rally was still in play as his $0.08097 price target remained unchanged.  USTC is a decentralized and algorithmic stablecoin on the Terra blockchain. It lost its dollar peg during the infamous LUNA crash in May 2022 and dropped to an all-time low of $0.006218 in June 2022. However, since then, the stablecoin has experienced some sort of revival thanks to the USTC burns carried out by the Terra Classic community.  Data from LUNC Metrics shows that 2.32 billion USTCs have been burned since May 2022, although the stablecoin still has a circulating supply of almost 5.6 billion USTC. Thanks to this, USTC is up by over 150% from its all-time low. However, it remains to be seen if the stablecoin will ever regain its dollar peg.  Bullish Prediction For LUNC Marks also recently provided a bullish prediction for Terra Classic (LUNC). He stated that LUNC is starting to look absolutely primed to go and that the crypto token could enjoy a minimum 5.7x price gain. In another X post, he explained that LUNCs price continues to diverge bullishly based on the On-Balance-Volume (OBV) indicator.  Related Reading: Bitcoin Death Cross Threatens To Trigger Crash If Price Does Not Hold $62,000 He remarked that this could be a sign that the bears are losing power and that the bulls are getting ready to dominate the market again. He added that the price target for LUNC as it makes this parabolic run is $0.00042986. Marks had previously claimed that LUNC could rise to as high as $0.00139122 in this bull run. Featured image created with Dall.E, chart from Tradingview.com

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Terra Classic Price Prediction: Is LUNC Still a Good Investment?

Based on realistic Terra Classic price prediction, it is forecasted that the price of LUNC crypto by 2030 will be $0.00046.

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Analyst Predicts 405% Surge for Terra Classic (LUNC) with Target Price of $0.00042986

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 […]

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Terra Classic Sees Major Supply Reduction as Binance Burns 1.7B LUNC

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.

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Terra Classic Poised For 280% Rally On Major Recovery Strength Analyst

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

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Can Burns Send The Shiba Inu And LUNC Price To $0.01? Expert Chimes In

The Shiba Inu (SHIB) and Terra Classic (LUNC) ecosystems have become known for their regular token burns, which aim to increase the value of these coins. A computer engineer has given his opinion on this burn mechanism, revealing between Shiba Inu and LUNC, which will likely reach their desired goal of $0.01.  Will Shiba Inu [...]

The post Can Burns Send The Shiba Inu And LUNC Price To $0.01? Expert Chimes In appeared first on Crypto Breaking News.

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Terra Classics [LUNC] Big Comeback: Will It Skyrocket 342%?

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 […]

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Analyst Upbeat On USTC, Sees Price Soaring Over 300%

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

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Binance Burns 1.7 Billion LUNC Tokens in Latest Burn Event

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LUNC Community Approves Allocating Funds for Development Projects

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Terra Luna Classic Community Proposes 12B LUNC and 68M USTC Burn

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Can Terra Classic Rise From The Ashes? Analyst Foresees 1,500% Price Increase

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

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Terra Luna Classic (LUNC) Community Finally Approves Tax2Gas Proposal

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Terra Classic Community Votes on LUNC Burn Tax Allocation Change

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.

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Terra Luna Classic Community Rejects Proposal to Raise Burn Tax to 1.5%

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Terra LUNAs LUNC Set To Jump 13x, Analyst Reveals The Drivers

Crypto analyst Javon Marks has laid out a bullish narrative for Terra Classic (LUNC). Based on his analysis, the crypto token could eventually see a 13x increase from its current price levels. The analyst alluded to LUNCs historical pattern as what could drive such parabolic price surge. Related Reading: XRP Declares War On Uncertainty: Analyst Predicts Breakout Fueled By Regulation How LUNCs Price Could Jump By 1,300%  Marks mentioned in an X (formerly Twitter) post that LUNC has confirmed a major bullish pattern, signaling a continuation of its bullish run to the first price target at $0.00058046. He noted that this move of over 400% was likely to be attained with the crypto token holding above levels that it had earlier broken out from.  The crypto analyst then raised the possibility of LUNC making a 1,300% move instead. He claimed that LUNCs previous breakout and run pattern suggests that three targets could be broken above, meaning that the crypto token rising to the price target of $0.00139122 from here is possible. Marks has remained bullish on LUNC for a while now and has suggested that LUNCs parabolic rally is a question of when and not if. However, he has failed to provide any specific timeframe for when this move will likely occur. LUNCs fundamentals are also expected to contribute to this upward trend and push its price to such heights.  One way that is likely to happen is through the LUNCs burns, which are carried out regularly. The Terra community has burnt over 113 billion LUNC tokens since the burning initiative came into place following Terra LUNAs crash in 2022. This has helped reduce the crypto tokenss circulating supply and could be significant as demand for the token picks up.  It is worth noting that LUNC is well below its all-time high of $119. However, this suggests that the crypto token has enough room to move significantly to the upside.  Recent Developments In The Terra Classic Ecosystem Genuine Labs, a Terra Classic developer group, recently announced that the latest version of SDK 47 was ready. The proposed upgrade is expected to be put up for governance voting. The upgrade will introduce significant changes to the Terra network, including a fix to the dyncomm decorator.  Furthermore, the upgrade will handle peer-to-peer (p2p) storms on the network and add new features to the Terrad client, which connects developers to the Terra blockchain. It is uncertain when the proposal will go live, but it should be soon enough.  Related Reading: Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree Meanwhile, the Terra community also recently passed a proposal to make Allnodes an official organization for the community. Allnodes will be the official source for information regarding the circulating supply of LUNC, USTC, and other native tokens.  At the time of writing, LUNC is trading at around $0.0001151, up over 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image from Space.com, chart from TradingView

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Analyst Sees Terra Classic Spiking 1,134% to $0.00139 as LUNC Confirms Major Bullish Pattern

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.

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Best Crypto to Invest in 2025? Arctic Pablo Coin, Celestia & Terra Classic Compared

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.

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Luna Foundation Guards LUNC and USTC Tokens Removed from Circulating Supply

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OPNX to Launch FatManTerra Justice Token, Airdropping to LUNC and LUNA Holders

OPNX has announced the imminent launch of the FatManTerra Justice Token. This move comes in response to the commencement of legal proceedings against FatManTerra by several parties. (Read More)

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