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LUNCUSDT Perpetual Swap Contract

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✴️ Is Terra Classic Correction Over?It is possible. Let's look into the signals. Terra Classic (LUNCUSDT) produced a major 500% bullish wave after hitting a low in August 2023. The entire process lasted 109 days. From the August low to the start of the meat of the bullish move, the consolidation phase, lasted 63 days. So the strong rise lasted a little more than a month. After such strong growth we have a classic correction, very steep, that wicked below 0.786 Fib. retracement level. This low can be compared to the August low. Meaning, that it can be followed by a consolidation phase, long or short in duration, and then a new bullish wave. The way the action will develop can vary wildly and there can even be another low before the next move but still ending as a higher low compared to last year; Long-term bullish. The correction can be over, but it can take weeks or months before the next high shows up. Namaste.
Long
by AlanSantana
LUNC Rally Mode: Your Chance to Buy and Prosper!"**Lunc Coin Fundamental Analysis** Lunc Coin (LUNC) is a cryptocurrency that was created as a fork of TerraUSD (UST). UST is a stablecoin pegged to the US dollar, and LUNC was designed to provide stability and liquidity to the Terra ecosystem. However, in May 2022, UST lost its peg to the US dollar, and the price of LUNC plummeted. **Recent News** * **LUNC price has been volatile since the TerraUSD collapse.** The price has risen and fallen sharply, and there is no clear trend in sight. * **LUNC holders have been calling for a hard fork to create a new LUNC blockchain.** This would allow them to start fresh and avoid the association with the TerraUSD collapse. * **The LUNC community is divided on the future of the coin.** Some believe that LUNC can recover from its losses and become a valuable cryptocurrency, while others believe that it is doomed to fail. **Disclaimer** Please note that I am not a financial advisor. This information is for informational purposes only and should not be considered investment advice. The price of LUNC is highly volatile, and there is no guarantee that it will recover from its losses. You should only invest in LUNC if you are willing to take on a high level of risk.
Long
by MoonTradingForecast
Binance Burns 5.57 Billion Terra Luna Classic In the fast-paced world of cryptocurrency, Terra Luna Classic ($LUNC) has been making headlines, and for good reason. The recent burn of 5.57 billion $LUNC tokens by Binance in its 17th batch signals a significant step towards scarcity, creating a unique opportunity for investors. With the total $LUNC burned by the community surpassing 93 billion, the ecosystem is heating up, and investors should take notice. We will delve into the recent developments, the impact on $LUNC prices, and why now might be the perfect time for buyers to consider adding $LUNC to their portfolios. 1. Binance's Ongoing Commitment: Binance, the world's largest crypto exchange, has consistently demonstrated its commitment to the Terra Luna Classic community through the burn mechanism. The recent burn of 5.57 billion LUNC tokens not only reflects Binance's trust in the project but also contributes to the overall reduction of circulating supply, potentially driving up the value of LUNC in the long run. 2. Impressive Burn Metrics: The numbers speak for themselves – with over 49 billion $LUNC tokens burned to date by Binance, accounting for 53% of the total tokens burned by the community, the scarcity factor is increasingly becoming a pivotal element. The positive market response to each burn event, as evidenced by the 7% price surge in both $LUNC and USTC, indicates a strong demand for Terra Luna Classic tokens. 3. Ecosystem Expansion: The recent surge in $LUNC trading volume, coupled with the introduction of USTC perpetual contracts and new trading pairs on Binance and other exchanges, has significantly contributed to the ecosystem's growth. As the Terra Luna Classic community continues to expand, the demand for LUNC tokens is likely to follow suit, potentially driving prices higher. 4. Bullish Start to the Year: The bullish sentiment at the beginning of the year, fueled by the latest burn event and a broader market rally, positions $LUNC as an attractive investment option. The 8% price jump in the last 24 hours indicates a positive trajectory, and investors looking to capitalize on the momentum may find $LUNC to be a compelling choice. 5. Potential for Future Gains: As $LUNC currently trades at $0.000144, there is room for growth, especially considering the recent developments and ongoing burn mechanism. While the trading volume has seen a temporary decrease, this could be an opportunity for savvy investors to enter the market before a potential uptrend. Seizing opportunities at the right moment is crucial. The recent burn events, coupled with the broader market rally and ecosystem expansion, make Terra Luna Classic ($LUNC) an intriguing investment option. As always, potential investors should conduct thorough research and consider the inherent risks associated with cryptocurrency investments. However, the current scenario suggests that now might be an opportune time to explore the potential of $LUNC and consider adding it to a diversified investment portfolio.
Long
by DEXWireNews
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Terra Luna Classic ($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.
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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