Get started

Lunc

Terra Luna Classic ($LUNC) Community Rejects Key Burn ProposalTerra Luna Classic community rejected a proposal to burn 800 million USTC, with LUNC and USTC price falling over 10%. The Terra Luna Classic community rejected a proposal to burn 800 million TerraClassicUSD (USTC) as they look for better ways to burn these. The community believes there are easy ways to burn funds from the Risk Harbor (formerly Ozone Protocol) multisig wallet without an update and any legal consequences. The Terra Luna Classic community was recently notified that Risk Harbor lost the keys and has agreed to blacklist the wallet. LUNC price fell 13% in the past 24 hours, with the price currently trading at $0.000149. The 24-hour low and high are $0.000142 and $0.000168, respectively. However, trading volume has increased 20% in the last 24 hours.
Long
by DEXWireNews
Terra Classic Votes On 800 Million Burn For Another LUNC RallyThe Terra Luna Classic community votes on another proposal related to burning 800 million TerraClassicUSD (USTC). The proposal aims to burn funds from the Risk Harbor (formerly Ozone Protocol) multisig wallet through an update to Terrad client. It is similar to previous proposals on burning 800 million in the wallet, which was later blacklisted via a governance voting. Terra Luna Classic Community Eyes 800 Million USTC Burn Proposal 11913 “RH MultiSig Wallet – Burn 800m via Update to Terrad Client” is up for governance voting on the Station wallet. The new proposal aims to burn the 800 million USTC still in the Risk Harbor multisig wallet. The proposal deadline is December 19. The community passed proposal 11832 to blacklist the wallet citing that “blacklisting allows for a reversible action, enabling fund recovery through governance if valid reasons are provided by the wallet owners.” However, the new proposal argues that no fund recovery via the wallet owners is possible and blacklisting serves no purpose anymore. LUNC price is moving mostly sideways after a 22% fall in a week, with the price currently trading at $0.000175. The 24-hour low and high are $0.000170 and $0.000185, respectively. Moreover, trading volume has decreased by 57% in the last 24 hours.
Long
by DEXWireNews
LUNC/USDT Major trend. Downward wedge. Breakout.Logarithm. Time interval 3 days. Locally 1 day . Still, price is moving after the breakdown of the wedge (all the price drop in 10.5 months) in the area of the level 0.00008963. Percentages as before to key resistance levels, nothing has changed at the moment. Showed stop loss accumulation zones, this is very important to understand on such cryptocurrencies with high-risk and low liquidity. Perhaps there will be news for the chart soon. You should definitely get rid of such assets when pumping. Linear without "market noise" .
Long
by SpartaBTC
36
Brief Analysis——LUNCTerra-FOMO has swept the crypto-market. Last week, Mint Cash, developed by a former Terraform Labs developer, released that may issue airdrop based on the hold or burn of specific tokens held in the original Terra ecosystem. Make Terra-related tokens, such as USTC, LUNC, etc. pump. Although Terraform Labs later stated that it would not participate in Mint Cash in any capacity. But FOMO has been ignited. After USTC rose last week, LUNC began to make up for its gains over the weekend. From the long-term candle charts on other exchanges, we can see that the current rise is insignificant compared to the decline caused by the death spiral. To better display indicators and candles, we used data from Binance. Although FOMO started in late November, it is interesting to note that on November 10, LUNC had a pump, accompanied by considerable trading volume. We mentioned this in LUNC, USTC Analysis & Market Overview. On-chain data shows that some whales have begun to buy LUNC or USTC before the price rises. If you are a LUNC trader, it is necessary to pay attention to the actions of these whales. Let's look at the indicators to see what happened to LUNC at the 4h level. As proof, we can see that the MBF indicator showed obvious bottom-buying sentiment near November 10. This is what we mentioned above. Whales had already started to buy LUNC before the Mint Cash event. From the WTA indicator, the first period of rise (the first green interval) is classic. The bullish trend does not end here. But in the second green interval, the blue bars representing whales disappear on the way up. The alarm sounds. However, LUNC did not fall after this time. Instead, it was supported by the green column and gray column. After the green arrow appeared, whales flowed into LUNC again, and there was a new round of pump. As long as a destructive candle does not appear, it will be difficult for the bullish trend of LUNC to end. The new round of rise is healthy so far. If you want to be more sensitive to whale behavior, you can check out our LUNC, USTC Analysis & Market Overview.
Long
by Sypool
LUNC : Riding the UST (HYPE) Wave! 🌊📈In the current crypto landscape, all eyes are on Terra Classic (LUNC), riding the waves of positive attention. Amidst the buzz, it's essential to navigate carefully, especially with its close ties to the crypto dollar, UST, striving to reclaim its 1-to-1 peg with the US dollar. Let's explore the dynamics of LUNC against the backdrop of these developments. Chart Analysis: Riding the UST Momentum LUNC is experiencing a remarkable surge, closely tied to the positive sentiments surrounding UST. This surge is not merely a reflection of technical indicators but is intricately woven into the narrative of the crypto dollar's revival. Key Observations: UST's Resurgence Impact: The surge in LUNC is notably synchronized with the efforts of UST to reestablish its 1-to-1 peg with the US dollar. Positive developments around UST create a favorable environment for LUNC. News-Driven Momentum: LUNC's recent price movements are significantly influenced by positive news and developments within the Terra ecosystem. News-driven momentum can create rapid and volatile market reactions. Critical Levels: Caution in News-Driven Markets Dependency on News Flows: LUNC's sensitivity to news events makes it crucial for traders to stay vigilant. Prices may experience sharp swings based on the unfolding narrative. Potential Scenarios: Navigating LUNC's Event-Driven Landscape Strategic Positioning: Traders should strategically position themselves, considering the potential impact of ongoing developments. Entry and exit points may be influenced by major news releases related to Terra and UST. Volatility Management: Due to the news-centric nature of LUNC's recent surge, managing volatility is paramount. Risk mitigation strategies become essential in navigating a market driven by external factors. Trading Strategy: Adapting to Dynamic News Flows For traders considering LUNC: News Calendar Awareness: Stay updated with the Terra ecosystem's news calendar to anticipate potential market-moving events. Technical Analysis Integration: Combine technical analysis with an understanding of news sentiment for a comprehensive trading strategy. Risk-Averse Approaches: Adopt risk-averse strategies, given the potential for rapid market shifts. Conclusion: Navigating the LUNC and UST Symbiosis LUNC's surge is emblematic of its symbiotic relationship with UST and the broader Terra ecosystem. While this presents trading opportunities, the close ties to news events demand a cautious approach. As the crypto community watches LUNC's ascent, traders are reminded to balance optimism with strategic risk management. 🚀 LUNC Analysis | 🌐 UST Peg Dynamics | 📰 News-Driven Market ❗See related ideas below❗ Share your insights on LUNC and UST, contributing to the collective intelligence of the crypto community. As LUNC continues its journey in the limelight, community-driven analyses enrich the understanding of its market dynamics. 💚🚀💚
by Yaroslav_Krasko
Binance Burns 4 Billion Terra Luna Classic (LUNC) TokensBinance burns almost 4 billion Terra Luna Classic (LUNC) tokens, with total LUNC burn by the community reaching 83 billion. The world’s largest crypto exchange Binance burns almost 4 billion Terra Luna Classic (LUNC) tokens in the 16th batch of the LUNC burn. With the latest LUNC burn, the total LUNC burn by the crypto exchange to date reaches more than 43 billion, 52% of the total tokens burned by the Terra Luna Classic community. Traders didn’t immediately respond to the Binance burn. Binance’s Net Terra Luna Classic (LUNC) Burn Reaches 43 Billion Crypto exchange Binance sent 3.90 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the transaction on December 1. Binance continues contributing to the community’s LUNC burn campaign to reduce the LUNC circulating supply after the exit of Changpeng “CZ” Zhao as Binance CEO. Notably, the 16th batch of the LUNC burn mechanism is for the period October 31 to November 29. With the latest burn, Binance has burned over 43 billion Terra Classic tokens from trading fees on LUNC spot and margin trading pairs. The community has burned nearly 83 billion LUNC tokens. In November, Binance burned 760 million Terra Luna Classic (LUNC) tokens, the lowest till now. The burn rate significantly declined amid FUD, reduced developer activity, and a fall in LUNC trading volumes on the exchange. However, the massive jump in trading volumes this week resulted in this huge LUNC burn the community hasn’t seen in the last few months. Binance launched a USTC perpetual contract and new USTC trading pairs FDUSD and TRY, which contribute massively to the exchange’s trading volume. Terra Luna Classic ecosystem tokens fell in the last 24 hours, with LUNC and USTC giving up some recent gains due to profit booking in the broader crypto market. However, LUNC price jumped 65% this week, with the price currently trading at $0.000142. The 24-hour low and high are $0.000114 and $0.000121, respectively. However, the trading volume has decreased in the last 24 hours. Meanwhile, USTC price rallied 350% this week, with the price currently trading at $0.051. The 24-hour low and high are $0.050 and $0.055, respectively.
Long
by DEXWireNews
LUNC/USDT Bullish Trajectory in the Spotlight? 👀 🚀LUNC💎 Paradisers, turn your attention to LUNCUSDT as it showcases a compelling performance in the demand zone, signaling a strong likelihood of breaking through its resistance level for an upward trend. 💎 Reflecting on its past behavior, LUNCUSDT has a consistent record of surmounting its descending trendline, leading to bullish movements. Currently, after facing a rejection at the resistance level of .9673, the odds are tilting in favor of a resistance breach. This is further bolstered by its recent sweep of buying liquidity, reinforcing its position in the demand zone and the potential for continued upward momentum. 💎 However, should LUNCUSDT falter in maintaining this upward trajectory and descend below the demand level of .7806, a bullish strategy from the support level may come into play. A break below this threshold could pave the way for short-selling opportunities.
Long
by MyCryptoParadise
4
Why Is Luna Classic (LUNC) Price Skyrocketing Today?Luna Classic (LUNC) price has skyrocketed by 60% in response to strategic investment and USTC perpetual contract launch by Binance. The sudden upsurge witnessed in Terra Classic tokens in the last 48 hours is not the first time for the Terra ecosystem. The community-led Terra Luna Classic chain witnessed multiple revival efforts from introducing burning to inter-blockchain communication (IBC). LUNC price has skyrocketed by 60% in response to strategic investment and perpetual contract launch by Binance. Terra Luna Classic (LUNC) Gains 60% With multiple key proposals passed by the community and positive sentiment amid broader crypto market recovery, Luna Classic Labs purchased 25.6 million USTC worth about $500,000 as part of its treasury reserve policy at an average purchase price of $0.021 per USTC. Trader QT, a partner of Luna Classic Labs, stated this is an initial investment. It resulted in a 100% jump in USTC price, with the community noting a breakout above resistance. USTC witnessed a further pump as investors also poured money into USTC. It triggered an upside move in the Terra Classic (LUNC), with traders noting a massive increase in liquidity and trading volumes. Binance Futures launching the USD-M USTC Perpetual Contract with up to 50x leverage sparked further rally. USTC price climbed nearly 400% in two days. The announcement further raised community sentiment, while also speculating whether it was already known to some investors as the Terra ecosystem tokens witnessed sudden rallies. LUNC price also jumped and made a 60% gain amid the events. The price is currently trading at $0.000119. The 24-hour low and high are $0.0000787 and $0.0001256, respectively. Furthermore, the trading volume has increased by 1120% in the last 24 hours, indicating interest among traders. USTC price trades at $0.055, paring earlier gains to 191% in the past 24 hours. The 24-hour low and high are $0.015 and $0.068, respectively. The trading volume has also slid briefly after Binance’s USTC perpetual trading announcement.
Long
by DEXWireNews
Terra Luna Classic Proposal For v2.3.0 Upgrade Officially PassedTerra Luna Classic proposal for the v2.3.0 upgrade has been approved by the community through governance voting. The on-chain deployment of terrad client v2.3.0, also referred to as “v6” incorporates dynamic validator commission module. Traders reacted immediately to the passing of the proposal with LUNC price rebounding again. Terra Luna Classic Community Passes v2.3.0 Upgrade Proposal The Terra Luna Classic community has approved Proposal 11874 “Upgrade to v2.3.0”. The proposal aimed to introduce dyncomm module, integrating protocol logic for determining minimum validator commissions based on voting power. The scheduled upgrade height is 15493370, anticipated to happen on November 20 at 11.19 AM UTC, according to data by StakeBin. The proposal has received 93% “Yes” votes and 7% “Abstain” votes. It indicates the community has unanimously favored the proposal for dynamic validator commission. Among the 60 validators who participated in the voting, 58 validators have favored the proposal. This includes top Terra Luna Classic validators including All nodes, Interstellar Lounge, Happy Catty Crypto, Terra CVita, and Inter stake One. LUNC Price Surges LUNC price jumped 1% after hitting a 24-hour low of $0.000074, with the price currently trading at $0.0000758. Furthermore, the trading volume has decreased by 20% in the last 24 hours, indicating a decline in the interest of traders. LUNC price rebounded amid the market-wide recovery, up nearly 40% in a month. Meanwhile, USTC price trades at $0.013, up 20% in a month.
Long
by DEXWireNews
Terra Classic (LUNC) Monumental Price Surge.Terra Classic (LUNC) is currently showing promising signs of a substantial price breakout. With a 3D breakout pattern in progress, investors are eagerly anticipating a significant move that could potentially result in extraordinary gains. One of the standout features of Terra Classic’s recent performance is its commitment to following a consistent trend. Building on the momentum of previous breakouts, the cryptocurrency has maintained a steadfast trajectory towards its target price of $0.000593. This dedication to the established trend is a promising indicator for buyers. A Potential 720% Price Increase price surge for Terra Classic is a strong possibility of a remarkable increase of over 720%, which could translate to an increase of more than 8.1x in value. If this projection holds, it could bring substantial profits for those faithful to LUNC. Terra Platform’s Momentum Furthermore, Terra Classic’s performance reflects a broader trend within the Terra ecosystem. The Terra Platform, which Terra Classic is a part of, seems to be on the verge of a massive recovery. This resurgence could position Terra as a dominant force in the cryptocurrency market, ushering in a new era of innovation and market influence. A recovery from the surprising crash could be one of the most remarkable stories in the history of the crypto market. While the cryptocurrency market is known for its volatility, the forecasted monumental price increase for LUNC has generated significant excitement among investors and enthusiasts. LUNC is currently trading at 0.00009149, up 39.02% in the last 24 hours. The digital asset recently experienced a surge, after a major announcement from Binance.
Long
by DEXWireNews
1
Moon will back to the moonLuna pump with 100% profit last night, and stop at resistance. in this chart, I will try to explain what happen at luna. Rising wedge pattern last night movement stopped at previous resistance trendline and create a big rising wedge pattern . If luna pullback, rising wedge support can be a new higher low before continue bullish with 68% profit range . Resistance Line 0.9696 will be next strong resistance, this resistance are next bullish target Classic support (CSR) 0.5866 are previous resistance and became new support . this point will hold bearish movement FIbonacci Pattern 0.5843 Classic support are also fibonacci 0.618 support , target from this area at fibonacci 1.272, and this level are same as resistance line. And if this resistance break up , we will see this moon back to the moon . Don't forget to support this analysis, If you have any question, do not hesitate to contact me Your support at this analysis will also support Luna to reach bullish target Click here to check my other analysis
Long
by AzrulAzir