Terra Luna Classic

Get Terra Luna Classic (LUNC) all time high price, historical charts, latest news and other information.

After the collapse of the popular blockchain network Terra, developers have been trying to revive it; many reforms have already taken place to sustain the Terra Classic (LUNC and prevent further collapse). Terra Classic, the original blockchain, was forked to create Terra (LUNA).
Among these reforms is a recent integration with Interchain Station. The news boosted the Terra Classic (LUNC) price. According to Jared, lead developer at Terraform Labs, more integrations and reforms are coming to Terra soon.
The sudden crash of Terra LUNA sent a cascade effect across the crypto industry, leading several firms to bankruptcy. Many investors are yet to recover from the loss incurred from the Terra implosion.
There are still uncleared controversies surrounding the ecosystem’s sudden collapse. Some say Terra LUNA was a rug pull scheme by Do Kwon, founder of Terraform Labs, to launder and steal people’s money. Meanwhile, Do Kwon and his executives are still on the run from South Korean prosecutors.

More Integrations Coming To Terra Classic Network
In a Twitter announcement, Jared revealed that the Terra Network would partner with other blockchains, including SEI, Juno, Osmosis, Mars, Pisco, and many more. He said the integrations aim to protect the network in the right direction and allow seamless cross-chain communication between Terra and other blockchains.
Jared also told the Terra community to expect a rollout of more features while their main focus is to launch the wallet on mobile devices. The current station supports many mainnets including LUNC, LUNA, Osmosis, Juno, Kujira, Carbon, HuaHua, and Cresent.
Terra’s interchain station wallet would simplify the complex process of interacting with multiple blockchain networks. The wallet would allow users to stake, vote, send, receive tokens, and interact with decentralized applications (dApps) across supported chains.
LUNC price soared by 3% on January 10 when Jared first shared news of the interchain wallet feature via his Twitter handle. Jared referred to the development as a breakthrough in chain integrations.
This move comes after several attempts by the Terra Classic community to revive the sinking Terra Classic project. With the new station wallet, DeFi developers can now access oracle data from several chains through the interchain facility.
Why New Governance Implementation Is Important To LUNC Community
The Terra Classic blockchain saw a rough start in 2023 after being impacted by crypto exchange KuCoin’s December 30 move. On December 30, 2022, KuCoin removed (undelegated) 48 billion Terra Classic (LUNC) tokens from circulation. This issue reduced the voting power of KuCoin’s Terra Classic Validator by 0.25%, taking it up to the 44th position.
The exchange later said it would continue pledging LUNC tokens after a 14-day lock period. However, the move caused a drastic reduction in on-chain activity and stirred much anxiety in the LUNC community, causing the price to fall.
After Kucoin’s move, the community responded by approving and implementing new governance proposals to improve the overall operation of the chain. The Terra ecosystem also started burning tokens to stir up on-chain activity.
The new governance proposals got overwhelming votes from the community with the support of major crypto exchanges. As a result, one of the new implementations is governance proposal 11242, which aims to stop the reminting of already destroyed LUNC tokens.
Once the implementation is complete, it will ensure the effective elimination of tokens from LUNC’s circulating supply which will also boost its price. Presently, the amount of Terra Classic tokens in circulation is nearly 6 trillion.

After the reduction in on-chain activity in the past month, the developers published proposal 11242 at the beginning of January. The aim of proposal 11242 is to stop the reminting burnt LUNC tokens and effectively reduce the seigniorage reward policy to zero.

LUNC price is trading at $0.000177 with a minor decline. The token has gained up to 15.50% in the past week.


After the collapse of the popular blockchain network Terra, developers have been trying to revive it; many reforms have already taken place to sustain the Terra Classic (LUNC and prevent further collapse). Terra Classic, the original blockchain, was forked to create Terra (LUNA). Among these refo...

newsbtc.com

Will New Interchain Station Wallet Launch Spike LUNC Price, Any Possibility?

Over the past 24 hours, the cryptocurrency market remained relatively calm – perhaps somewhat expectedly, given the Christmas holidays. This is also reflected in the diminishing daily trading volume. However, some cryptocurrencies managed to chart notable gains.
Bitcoin Aims at $17K
Bitcoin’s price is trading more or less than it was yesterday at this time. It appears that the cryptocurrency is consolidating closely below the important resistance level of $17K.
Source: TradingView
Data from CoinGecko shows that the BTC dominance continues increasing, albeit slightly. This is the most common means of gauging its growing share relative to that of the rest of the market and also suggests that altcoins are failing to catch up.
Ripple is up 5%, LUNC Soars 14%
Speaking of altcoins, the majority of the market remained relatively calm, with slight exceptions.
The best performer from the top 10 was Ripple’s XRP. It managed to increase by a considerable 5.6% in the past 24 hours and is currently trading at around $0.37.
Source: Quantify Crypto
ETH, BNB, DOGE, Cardano, and Polygon are all charting smaller differences – nothing too considerable.
Elsewhere, the best performer of the top 100 coins by means of total market cap is Terra Luna Classic (LUNC) – it’s up almost 15% in the past 24 hours. QNT and LDO are also charting notable gains of around 8%.
On the other end of the spectrum, Chain’s XCN is down 5% – making it the worst performer today. NEXO is down 3.5%.
The post Terra Luna Classic Skyrockets 15% Daily, Bitcoin Aimed at $17K (Market Watch) appeared first on CryptoPotato.

Terra Luna Classic (LUNC) is the best performer in the past 24 hours, up around 15%. Ripple's XRP also gained over 5%, while Bitcoin is aimed at $17K. 

cryptopotato.com

Terra Luna Classic Skyrockets 15% Daily, Bitcoin Aimed at $17K (Market Watch)

The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The previously thriving Terra ecosystem was completely wiped out in a matter of days, except for the Terra Luna token, which was resurrected as Terra Luna Classic (LUNC) by the community.
Despite losing more than 99% of its value, the cryptocurrency still has one of the most active crypto communities on social media. And from it springs a rumor today that has pumped the price of LUNC by 6%. The rumor says that the second largest exchange in the world by trading volume, Coinbase, might buy the LUNC token in large quantities.
Will Coinbase Buy Terra Luna Classic?
Within the LUNC community, the news that Coinbase has authorized the purchase of $245 million in LUNC is currently spreading like wildfire. The speculation also indicates that the American exchange will make the news public on January 3, 2023, and provide information about additional LUNC burns.

BREAKING NEWS
Coinbase has just authorized the purchase of 245 million dollars in $LUNC. Internal source says that on the 3rd to announce publicly listing more off-chain burns.
— WSB Trader Rocko  (@traderrocko) December 22, 2022

However, it is important to note that Coinbase has not yet issued an official statement on the matter. The various tweets also do not indicate a source, but merely make the claim based on a supposed source. Who this source of information is, whether it is someone internal, does not seem clear at the moment.

However, if the rumor turns out to be true, it could trigger the often-seen “Coinbase effect,” which causes altcoins to rise sharply before a listing on Coinbase. Remarkably, the rumor of a listing of LUNC is not new either.
Just two months ago, the Luna Classic community started a petition to list LUNC on Coinbase, as NewsBTC reported. The Terra community wants to follow in the footsteps of the Shiba Inu community, which managed to get the meme coin listed. The Coinbase effect provided SHIB with a short-lived 20% pump.

LUNC Price Rises By 6%
At press time, the LUNC price stood at $0.00013625, registering a 6% price increase in the last 24 hours. Along with the surge in price, the trading volume of LUNC has also grown noticeably. Within the last 24 hours, it amounted to $90 million, which is 56% higher than the previous day.
However, a look at the 4-hour chart reveals that LUNC remains in a deep bearish trading range. The short-lived rally ended just before the crucial resistance at $0.00014138. To set a bullish trend, LUNC needs to cross the trading range of $0.00013787 to $0.00015379.
If the rally is short-lived, the support zone at $0.00012612 could be an important mark. Otherwise, the all-time low of LUNC at $0.00012136 would probably be on the table.

Featured image from Depositphotos, Chart from TradingView.com 


The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The previously thriving Terra ecosystem was completely wiped out in a matter of days, except for the Terra Luna token, which was resurrected as Terra Luna...

Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC


Terra Luna Classic (LUNC) shows several bearish signs that indicate the downward movement is expected to continue as CEO Do Kwon may soon face extradition.



The LUNC price has decreased below a descending resistance line since Sept. 12. The downward movement led to a low of $0.00013 on Nov. 8. The line caused numerous rejections until now (red icons), the most recent on Dec. 13.



In addition to the descending resistance line, the LUNA Classic price is also facing horizontal resistance at $0.00019 and the daily RSI is below 50 and decreasing. As a result, readings from the daily time frame are decisively bearish. 



Even if the LUNC price were to break out, which seems unlikely, the $0.00019 area could provide resistance. 



If the downward movement continues, the next closest support would be at $0.00006, created by the 1.61 external Fib retracement resistance of the most recent bounce.



LUNC/USDT Daily Chart. Source: TradingView


In some interesting LUNA Classic news, Do Kwon, the disgraced founder and CEO of Terraform Labs is evading authorities, reportedly hiding in Serbia. Kwon has been on the run since South Korean authorities issued an arrest warrant after the collapse of the Terra ecosystem. 



Since Serbia and South Korea do not have an extradition treaty, it is not yet clear if Do Kwon will be extradited.



Terra LUNA Classic (LUNC) Price Continuation Could Lead to Breakdown



The readings from the six-hour chart support those from the daily time frame, suggesting that the Terra LUNA Classic price is expected to break down.



The LUNC price has traded inside a symmetrical triangle since Nov. 8. While this is considered a neutral pattern, it is coming after a downward movement. LUNC fell over the last 24 hours and is now trading close to the support line of the triangle. As a result, a breakdown from it would be the most likely scenario.



LUNC/USDT Six-Hour Chart. Source: TradingView


LUNC fell over the last 24 hours and is now trading close to the support line of the triangle. An increase above the Nov. 30 high (red line) of $0.00019 would invalidate this bearish LUNC projection. 



For BeInCrypto’s latest crypto market analysis, click here.
The post Terra LUNA Classic (LUNC) Price Falters as Authorities Close in on Do Kwon appeared first on BeInCrypto.


The LUNC price has decreased below a descending resistance line since Sept. 12. The downward movement led to a low of $0.00013 on Nov. 8.
The post Terra LUNA Classic (LUNC) Price Falters as Authorities Close in on Do Kwon appeared first on BeInCrypto.


beincrypto.com

Terra LUNA Classic (LUNC) Price Falters as Authorities Close in on Do Kwon

There is a group called the Terra Rebels whose goal is to restore the natural environment of Terra Classic.
On Twitter, a member by the name of Architect123 recently updated the community on the most recent developments in the ecosystem.
Let’s take a quick glance at some recent developments:

Recent statistics suggest that an increase in dApp development activity can be attributed to changes made available to developers
Metrics and technicals continue to act as a brake on price


#LUNC #LUNCCcommunity $LUNC #flutter
The new alpha package for TerraDart is now ready!
Use this package to communicate with LUNC Blockchain for Flutter or Dart Environments. https://t.co/SCkWqkBQde
— TheArchitect123 | CC & CCI (@AlphaGenius1237) December 5, 2022
The tweet implies that the TerraDart alpha package will make it possible for dApps to interact with the LUNC blockchain from within a Flutter or Dart environment.
The software development kit would help make developing dApps on-chain to be more streamlined.
Data from Santiment shows that because of this recent change, LUNA’s on-chain development activity has increased dramatically. Metrics and technological details, however, hint to a bleak future for the ecosystem.

LUNA Falls Due To Bearish Technicals
The current price of one coin is $1.5807. Pearson’s R for the regression channel is 0.6221, which indicates strong bearishness despite the price being at a green candle. This portends a probable decline in price.
Nonetheless, a positive crossover in the RSI indicates some optimism. The data are also on the rise, confirming the creation of a price downturn. The MACD indicator is also approaching a bullish crossing, confirming a modest upswing.
Nonetheless, a retreat would not be sufficient for a complete recovery. The EMA ribbon remains bearish, functioning as a dynamic resistance. The $1.5457 support is underpinning the recent retreat, therefore investors and traders should keep an eye on it.
In the coming days, the Bollinger band is also in the process of developing a crunch zone, which would be another obstacle to a complete recovery.
Terra: On Developments & Price Action
According to TradingView’s technical analysis of the cryptocurrency, investors should sell since a decline is inevitable.
This is further supported by a significant drop in LUNA’s MFI value, which indicates that the present upward price trend will be subject to a quick reversal.
Certainly, the new developments have an effect on the price of LUNA. Sadly, this is insufficient to halt the pessimism around the asset. Messari has a Sharpe ratio of -4.34, indicating that LUNA’s returns compared to its risk are close to zero or negative.
Currently, a short position after a bearish breakout at $1.5457 would be profitable for investors and traders in this extremely unfavorable market situation.


Crypto total market cap at $796 billion on the daily chart | Featured image: CoinQuora, Chart: TradingView.com


There is a group called the Terra Rebels whose goal is to restore the natural environment of Terra Classic. On Twitter, a member by the name of Architect123 recently updated the community on the most recent developments in the ecosystem. Let&#8217;s take a quick glance at some recent developments...

Terra Luna Classic price	$0.000178
Low - High 24H	$0.000173 - $0.000178
Market cap	$1.06B
Volume 24H	$68.54M
All time high	$119.18 -100.00% April 5th 2022
All time low	$0.000001 17629.74% May 13th 2022
Genesis date	N/A

Recently viewed

Trending

Terra Luna Classic (LUNC)

Performance

Terra Luna Classic News

Quick stats