Terra Classic Price Prediction for Today, April 28: LUNC/USD Bulls May Push the Price Upward

The Terra Classic price prediction may lack short-term if the bears return to the market, but if the price rises, the coin is likely to [...]

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Terra Classic Price Prediction for Today, February 24: LUNC/USD Regains Strength, Price Hits $0.000169 Level

The Terra Classic price prediction shows that LUNC begins to gain strength as the coin moves to cross above the moving averages. Terra Classic Prediction [...]

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Terra Classic Price Prediction for Today, February 3: LUNC/USD Ranges as Price Touches $0.000210 Level

According to the daily chart, the Terra Classic price prediction shows that LUNC is likely to move bullishly above the channel. Terra Classic Prediction Statistics [...]

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Terra Classic Price Prediction for Today, January 19: LUNC/USD Bulls May Push the Price Upward

The Terra Classic price prediction may lack short-term support, but if the price rises even further, the coin is likely to face up. Terra Classic [...]

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Terra Classic Price Prediction for Today, December 27: LUNC/USD Price Heads to the Upside

The Terra Classic price prediction reveals that LUNC is moving to cross above the upper boundary of the channel as the coin hits the daily [...]

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Terra Classic Price Prediction for Today, December 22: LUNC/USD Gains 8.33%; Price Targets $0.000200 Level

The Terra Classic price prediction manages to maintain its position, while the bulls maintain the desire to defend the support at $0.000128. Terra Classic (LUNC) [...]

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Luna Classic (LUNC) Price Under Bearish Pull Despite New Developments

The LUNA Classic (LUNC) price has noted a fresh decline in the last 24 hours. In that time frame, the altcoin depreciated by 1%. In the past week, LUNC logged gains worth 2.5%. Much of the weekly gains have been lost due to losses on the daily chart. At the moment, LUNC depicts consolidation beneath its immediate resistance mark. With the FTX collapse, LUNC has been teetering under a bearish influence for quite some time. Over the last month, the coin has lost more than 10% of its market value. On the development front, there is a new update. This is the introduction of the new Alpha package for TerraDart. TerraDart is a Dart SDK that is used for writing applications that would be interacting with the Terra blockchain, which has launched a new package called Alpha. The Alpha package has been available to communicate with the LUNC blockchain within Flutter and Dart environments. Related Reading: Yearn Finance: What The Final Quarter Of 2022 Has In Store For YFI Price Luna Classic (LUNC) Price Analysis: One-Day Chart LUNC was exchanging hands at $0.000162 at press time. The altcoin just fell from $0.000170 due to intra-day losses. Even with developments in the ecosystem, the LUNC price remains largely unaltered. The rigid price ceiling was at $0.000175, but demand for the coin was too low for bulls to take charge. Once the altcoin topples above the $0.000175 mark, it will be an easy path to the psychological level of $0.00019. On the flip side, with lesser accumulation, LUNC would eye its closest support line of $0.000148. Falling through the $0.000148 mark will bring LUNC to $0.00012. The amount of LUNC traded in the last session was low, indicating bearish strength. Technical Analysis In the past month, the coin displayed a bullish divergence, after which LUNC noted a slight increase in price. Despite that, the bulls could not build on their strength. The Relative Strength Index was near the 40-mark, which meant that the coin was moving toward the oversold zone. Similarly, the LUNC price was below the 20-Simple Moving Average line, which denoted a lack of demand. The reading also indicates that sellers were driving the price momentum in the market. In regards to buying strength, capital inflows have also declined due to a lack of investor interest. The Chaikin Money Flow depicts capital inflows and outflows at a given point. The indicator was below the half-line which meant low capital inflows. Related Reading: Ethereum: On-Chain And Social Metrics Reveal Bulls Vs. Bears Battle – Who’s Winning? The Directional Movement Index indicates the general price direction and trend of the asset. DMI was negative as the -DI (orange) line was above the +DI (blue) line. The Average Directional Index (red) was below the 25 mark, indicating a loss of strength in the current price action. Presently, LUNC is trading at 100% lower than its all-time high secured approximately eight months ago. Featured image from Wccftech, Chart: TradingView.com

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Here Are The Crypto That Kept Green During The Bloodbath

The crypto market is bouncing back from another sudden move into the lows with Bitcoin, Ethereum, and other major cryptocurrencies recording heavy losses. In this dangerous environment for risk, there are a select few tokens still in profit with the potential to continue swimming against the tide in the coming weeks. Related Reading: Cardano Drops To Lowest Level In Last 7 Days – ADA Bracing For Further Decline? At the time of writing, Bitcoin is back in its range trading at $19,200 making a comeback after a quick revisit close to its yearly lows. Ethereum is following a similar trend but still maintains some losses in the last 24 hours with Cardano and Solana recording the worst performance. On the higher timeframe, Cardano and Solana recorded a 14% and 12% loss over the past week, respectively. In particular, ADA has failed to fuel bullish momentum after the implementation of Hard Fork Combinator (HFC) “Vasil” which has led to a sustained negative price action below support previously established at around $0.40. These Tokens Score Profits As Larger Crypto Trended Lower Data from CoinGecko indicates that in a 7-day period, Huobi (HT), TerraClassicUSDC (USTC), Quant (QNT), and Maker (MKR) are the best-performing assets in the space. The first of these selected HT groups records a 74% profit over this period. In the meantime, the algorithmic stablecoin of the failed Terra ecosystem experienced a 65% rally. While MKR and QNT have had modest gains north of 12% in the past week. The former of these tokens, Huobi’s HT, is experiencing positive price performance due to a potential takeover from About Capital over the exchange’s assets. Speculators are jumping into the action based on the potential for the platform to see the implementation of the token in new use cases, and the onboarding of new users. TRON Founder and diplomat Justin Sun, a member of the Houbi Global Advisory, hinted at this possibility via his official Twitter account. In that sense, and similar to USTC’s price action, these tokens are seeing positive price performance due to news-related events rather than fundamentals. Of the crypto in the group above, MKR has the most potential to sustain its bullish momentum. The MakerDAO and the community of MKR holders have been implementing proposals, with the support of major names in the industry, to improve the platform and its treasury system. Maker Governance voted in favor of changing the GUSD PSM parameters: • Fee out from 0bps to 20bps. • Maximum Debt Ceiling from 60 million DAI to 500 million DAI. • Target Available Debt from 10 million DAI to 50 million DAI. ?? https://t.co/JKbYTaltG2 pic.twitter.com/NC6EwJymic — Maker (@MakerDAO) October 13, 2022  Data from Material Indicators shows that almost every investor class bought into MKR’s price action during this trading session flash crash. This allowed the MKR price to bounce back from a low of $927 to its current level of $937. Related Reading: Bitcoin Dominance Rises As Market Turns Red, What Does This Mean For Altcoins? However, the cryptocurrency needs support from larger investors to extend its current bullish momentum. If the crypto market can hold off the bears from taking over the action during the weekend, MKR might make a run to the $1,000 price point.

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Terra Classic Price Prediction: LUNC/USD Price Spikes Above $0.00029 Level

The Terra Classic price is fighting to hold above the $0.00030 but overhead pressure continues to make this task a difficult one for the bulls. [...]

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Terra Classic (LUNC) Prediction: LUNC Price Targets $0.00030

The Terra Classic (LUNC) price manages to maintain its position, while the bulls maintain the desire to defend the support at $0.00027. Terra Classic (LUNC) [...]

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LUNC Price Increases as Binance Decides To Burn Trading Fees

In response to proposals from the LUNC community, Binance has decided to burn all fees on LUNC spot and margin trading pairs. Binance said it would send the trading fees and margin trading pairs to LUNC burn addresses. The announcement was made via a blog post on Binance’s official website. The Terra Classic community expressed dissatisfaction with an ‘opt-in button proposed by Binance CEO. Binance offered the opt-in button to allow users to choose whether to implement a 1.2% tax burn on their spot. Related Reading: ETH Struggles To Break Past $1,300 Resistance – Back To $1K? After careful evaluation and consideration, Binance decided to take cognizance of the community’s dissatisfaction and set a new proposal. However, during their assessments, Binance also discovered that implementing an opt-in proposal would take time, and traders may not support it. Therefore, proposed a better and faster way of assisting the Terra Classic community. Details Of Binance’s New Burn Mechanism On Tera Classic Spot According to Binance, it would update the amount of LUNC to be burned, its USDT equivalent, and on-chain transaction ID weekly. In addition, the blog announcement outlined rules that would guide the burn mechanism. Binance would calculate the total trading fees on LUNC spot and margin trading pairs to be burned from the previous week every Monday at 00:00:00 UTC. Successive on-chain burn transactions and reports would get updated on Tuesdays at 00:00:00 UTC. The first batch of burning trading fees would be calculated from September 21 at 00:00:00 UTC to October 1 at 23:59:59 UTC. This would exclude rebates on LUNC spot and margin trading pairs for Binance Spot Liquidity Provider Program from September 21 to 27, 2021. Additionally, Binance would convert other tokens’ trading fees to LUNC on Mondays. The CEO of Binance stated that Binance would not push burn costs on users. The Terra Classic burn would not affect BNB fee discounts, rebates, or other accruing fee adjustments. The CEO further explained they intend to maintain the same trading experience and liquidity while ensuring the supply decrease of LUNC. LUNC Price Skyrockets By 70% After Binance Announcement The tremendous support of Binance to the Terra community produced a positive result in LUNC price. After the announcement, LUNC’s price increased by more than 70%. The Interpol issuance of a red notice against the Founder of Terraform Labs, Do Kwon, affected the price of LUNC adversely. South Korean prosecutors confirmed that Interpol issued the Red Notice against Kwon on September 26. Related Reading: Algorand: ALGO Price All Go With Nearly 30% Rally In Last 7 Days LUNC price plummeted by nearly 20%, while LUNA price fell by 18% after the announcement. It was trading below $0.0002 but is currently trading at $0.00032. Featured image from Pixabay, Chart: TradingView.com

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LUNC Price May Swing Above $0.00035 Resistance, Buy TAMA and Hold

The Terra Classic price prediction shows that LUNC is beginning to restart the uptrend after touching the daily low of $0.00030. Terra Classic Price Prediction [...]

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LUNC Price Prediction for Today, June 28: Price Touches $0.00011 Level

The LUNC price prediction shows that the coin spikes above the upper boundary of the channel as the coin touches $0.00011. LUNC Price Prediction Statistics [...]

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LUNA 2.0 Price Prediction for Today, June 1: LUNC Moves to Regain Losses Above $0.000093

The LUNA 2.0 (LUNC) price prediction shows that LUNC may cross above the 9-day moving averages as the RSI (14) moves to cross above the [...]

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LUNC Burn Tax Set To Rise To 0.5% As KuCoin Proposal Receives Approval

After garnering the required votes, a major proposal has just passed in the KuCoin network. The proposal aimed at raising Terra Classic LUNC burns tax to 0.5%.  Following the positive results, KuCoin declared increasing the LUNC network burn rate from 0.2% to the proposed 0.5%.  LUNC Network Burn Tax Spikes On KuCoin KuCoin took to Twitter to announce the increase in the burn tax. In its announcement, KuCoin stated that it would facilitate the Terra Classic LUNC and TerraClassicUSD (USTC) increase on its platform following the burn tax activation. Related Reading: Shiba Inu Falls Below Critical Support, Is It Time For You To Buy? Notably, the activation will occur at the designated Terrra Classic block height of 12,902,399 and take effect on May 23.  Once activated, KuCoin will pay users more for transactions involving the two crypto assets, LUNC and USTC. Apart from the increased payments, the burn rate tax will reduce LUNC supply.  But there’s still a downside to the increased burn rate tax as it will reduce the trading volume. This is why many exchanges rejected such proposals in the past.  Notably, KuCoin has always supported such increases even when other exchanges delay. For instance, the exchange first supported a September 2022 Terra Classic burn tax of 1.2% even before the proposal passed.    Other exchanges, including Crypto.com, MEXC, and Binance, only later declared support for the burn tax.  But after the proposal passed, data implied that the increase reduced the trading volume for LUNC. Many investors stopped trading with the asset due to the spike in fees. Related Reading: NFT Market Takes A Hit: Sales Could Drop Below $1 Billion For The First Time In 2023 Following the outcome, the LUNC community voted to reduce the burn tax to 0.2%, attracting the support of crypto exchanges such as Binance.  After the reduction, the Terra Classic community brought up another proposal to increase the burn tax rate, but it wasn’t implemented.  Latest Burn Tax Increase Proposal, 3 Others Gain Massive Support While other proposals to increase the burn tax after reducing it from 1.2% to 0.2% failed due to several debates and arguments, the latest one received massive support. One of the reasons proposal 11515 passed was the conservative increase, which wouldn’t spike fees and discourage investors. The proposal focused mainly on reducing the excess supply of LUNC tokens in the market to prevent oversaturation and its associated risks.  But, it is not the only proposal submitted to the LUNC community. An active member raised 3 other proposals, plus the burn tax increase to enhance economic policies on the network.  The three others aimed at augmenting demand by increasing staking rewards, whitelisting smart contracts to enhance chain utility and volume, and increasing community pool funding to bolster developer funding. -Featured image from Pexels, chart from Tradingview

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LUNC Price Rally Is Far From Over Following Falling Wedge Breakout, Analyst Says

Over the weekend, the LUNC price saw some of the most bullish price action that sent its price soaring over 20%. This rally eventually brought the price above $0.0001 after struggling around $0.00009 for the last two weeks. However, the tides seem to be completely changing for the altcoin, as one analyst expects the rally to continue. Prepare For The LUNC Price To Double The LUNC price, despite having risen so much, is still showing signs of a continuation. This is evident in the Falling Wedge Breakout that was confirmed by crypto analyst Ava Cryptoo on TradingView. This Falling Wedge Breakout is significant as it often precedes some of the most significant rallies in cryptocurrencies, such as LUNC. Related Reading: Dogecoin Adoption Rate Touches New ATH, But Why Is This AI Bearish On DOGE Price? The price of the altcoin is currently retesting the significant resistance at $0.000115. Now, this level is significant because rejection from this level had initially stopped the LUNC price breakout on Saturday. Now that the price is starting to retest it again, it shows that the bulls are far from done with this altcoin. Source: Tradingview.com In a scenario where the LUNC price successfully retests and breaks above this level, then the crypto analyst expects that the price will more than double from its current level. They put the price target for the altcoin as high as $0.00022, and the timeline for this is shown to be a matter of days. However, all of this hinges on the fact that the price makes a Perfect Retest and breaks out completely. Token price climbs to $0.000114 | Source: LUNCUSDT on Tradingview.com Why Is The Altcoin Rallying Amid Low Market Sentiment? The LUNC price breaking out during such slow market movements suggests an end to the accumulation that happened below $0.0001. In addition to this, Binance carrying out its scheduled LUNC burn contributed to the rise in price that was seen this weekend. Binance, the largest crypto exchange in the world, has been committed to burning LUNC tokens realized from fees in an effort to help reduce its vast supply. The latest burn which took place on February 1 saw approximately 2.1 billion tokens performantly removed from circulation. Related Reading: Bitcoin Fear & Greed Index Reaches Lowest Level In Three Months, Is The Bleed Over? This is the 18th burn that the crypto exchange has carried out, each time removing hundreds of millions to billions of tokens from circulation. Following this burn, the crypto exchange has helped the LUNC burn figure cross the 51 billion threshold. A wave of excitement naturally followed the monthly burn as the price started to rise rapidly. The LUNC trading volume reportedly surged more than 700% at the time, at first triggering a 10% increase in price. By the time the weekend was over, the LUNC price had already risen more than 20%, and continues to hold on to the majority of its gains. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet Featured image from Dall.E, chart from TradingView.com

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Terra Classic Continues To Brush Off Market Downtrends, Buy Now?

The crypto market has been bleeding lately, and leaders like Bitcoin and Ethereum have been on a downtrend. In addition, the Securities and Exchange Commission’s crackdown on top trading platforms Coinbase and Binance has further made things worse as the crypto winter has persisted.  However, while the massacre caught up with most coins, Terra Classic [...]

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Brace For Impact: Court Orders Massive LUNC Burn As Part Of $4.5 Billion Settlement For Terraform Labs

The Terra Classic community is preparing for a supply shock that the LUNC coin could soon face. This is based on a court settlement that has mandated Terraform Labs to burn the tokens in their possession.  Court Orders LUNC Burn As Part Of Terraform Labs Settlement Terraform Labs is set to carry out LUNC burns as part of its $4.5 billion settlement with the US Securities and Exchange Commission (SEC). These burns must be carried out before the end of this month, or Terraform Labs will have to pay a fine. According to the SEC, the crypto firm must burn or destroy private keys in its possession of wallets holding these LUNC coins.  Related Reading: Bitcoin Cup And Handle Cascade: Analyst Says BTC Price Could Reach $230,000 If It Follows This Structural Path Based on the deadline, the LUNC burn may occur this week. Ahead of the burn, Terra Classic community members have also been told to withdraw their assets locked on the Shuttle Bridge, as it will also be closed during the LUNC burn and never be opened again.  Terraform Labs imminent LUNC burn is undoubtedly a positive for the coin, as this could provide much-needed bullish momentum and lead to a significant price surge. Moreover, this aligns with the Terra Classic communitys mission to remove as many coins as possible from circulation to revive LUNC.  They believe this deflationary mechanism could help send the coin back to its current all-time high (ATH) of $119. LUNC Metrics data shows that 135.54 billion coins have been burned since these token burns began on May 13, 2022. Meanwhile, 303.6 million coins have been burnt in the last seven days. However, the community still has a lot of work to do, considering that LUNC still has a circulating supply of 6.76 trillion.  Other Steps Taken By The Terra Classic Community In addition to LUNC burns, the Terra Classic community has taken other steps to help revive the coin and restore it to its glory days. This includes developing proposals to improve the LUNC ecosystem and promote the coins adoption.  The most recent proposal is from OrbitLabs to remove the forked mainline modules from the Terra Classic blockchain. The proposal states that this will help improve maintainability, reduce technical debt, and align with the broader Cosmos ecosystem.  Related Reading: Ethereum Price Breaks Out Of Symmetrical Triangle, Next Stop $3,400? OrbitLabs further highlighted the current situation in the LUNC ecosystem to show why this proposal is necessary. According to them, the Terra Classic codebase uses several forked versions of Cosmos modules to accommodate its unique features. This has led to the codebase diverging from the upstream modules and increasing maintenance costs.  Therefore, this new approach will help ensure that the Terra Classic blockchain is current with the latest securities and features from the Cosmos development team. This will help massively reduce maintenance costs and time.  At the time of writing, LUNC is trading at around $0.0000925, down over 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Former Terra CEO Do Kwon Enters Not Guilty Plea In Landmark $40 Billion Crypto Trial

Do Kwon, the South Korean cryptocurrency entrepreneur and co-founder of Terraform Labs, pleaded not guilty on Thursday to a series of criminal fraud charges in a Manhattan federal court.  This comes just days after his extradition from Montenegro, where he had been detained for over a year. His case centers around the collapse of TerraUSD and Luna (LUNC), which collectively lost an estimated $40 billion in 2022. Ordered To Remain In Custody Following Court Appearance According to a Reuters report, federal prosecutors unsealed a nine-count indictment accusing Kwon of multiple offenses, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering.  Related Reading: If Solana Reclaims $210 New Highs Are Next Price Analysis Dressed in an olive green long-sleeved shirt and black sweatpants, Kwon appeared in court alongside his lawyer, Andrew Chesley, who indicated that they would not seek bail at this time.  Following Kwon’s plea, US Magistrate Judge Robert Lehrburger reportedly ordered him to remain in custody. Do Kwon left the courtroom with a copy of the 79-page indictment, and he is scheduled to return for another hearing on January 8. The Fallout From Do Kwon Alleged Fraud And Market Manipulation In June, Kwon reached a civil settlement with the US Securities and Exchange Commission (SEC), agreeing to pay an $80 million fine and accept a ban from participating in cryptocurrency transactions. This settlement was part of a broader $4.55 billion resolution related to alleged misconduct in the management of Terraform Labs. The indictment details how Kwon allegedly misled investors about the stability of TerraUSD, a stablecoin designed to maintain a value of $1. In May 2021, when the stablecoins value began to falter, Kwon reportedly claimed that a computer algorithm known as “Terra Protocol” had successfully restored its peg.  In reality, prosecutors allege that Do Kwon orchestrated a scheme involving a high-frequency trading firm to secretly purchase millions of dollars of TerraUSD to artificially inflate its price. Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Heres How This reportedly drove both retail and institutional investors to buy Terraform products, significantly boosting the value of Luna, another token linked to TerraUSD, to as high as $50 billion by the spring of 2022. The indictment states, Much of this growth followed Kwon’s brazen deceptions about Terraform and its technology. However, the situation took a turn for the worse in May 2022 when TerraUSDs value began to decline again. The trading firm that had previously propped it up warned Kwon that maintaining its value wasnt so simple this time.  The subsequent crash of both TerraUSD and Luna sent shockwaves through the cryptocurrency market, leading to substantial losses for investors and contributing to a broader downturn that affected other digital assets, including Bitcoin (BTC). While prosecutors have not disclosed the identity of the trading firm involved, SEC lawyers previously indicated that Jump Trading had played a role in supporting TerraUSD during its peak in May 2021. Featured image from DALL-E, chart from TradingView.com

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LUNC Token Continues To Surge During Market Uncertainty, What’s Behind It?

Terra Classic (LUNC), the original chain left behind after the Terra Luna/UST collapse, has given a glimmer of hope to investors over the past few days. LUNC went into an uptrend amid heightened market uncertainty and bearish investor sentiment. The token has registered impressive gains over the past few days, leaving one to wonder about the [...]

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