Terra Luna Classic

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


Terra Classic (LUNC) has regained its footing after decreasing sharply for nearly two weeks. On the other hand, Terra (LUNA) shows no signs of a bullish reversal and is trading inside a bearish pattern.



Terraform Labs’ stablecoin UST and cryptocurrency LUNA imploded in May, after a death spiral caused the price of LUNA to decrease by more than 99.99%. 



Since then, Do Kwon, the founder of Terraform Labs, has attempted to initiate a revival of the ecosystem with Terra 2.0. He has not taken any responsibility for the aforementioned crash.



Last week, South Korean authorities issued an arrest warrant for Do Kwon claiming that he is on the run. Do Kwon himself has denied these rumors, however he has failed so far to provide his location. 



South Korean prosecutors have refuted these claims, instead stating that Do Kwon is not cooperating with the authorities and has no intentions of appearing for questioning. As a result, they have asked the  foreign ministry to revoke his passport. 



LUNC bounces at support



LUNC has been falling since reaching a high of $0.00059 on Sept. 8. The high was made at a confluence of important Fib levels, created by the 4.2-4.618 extension of the original upward movement (red) and the 1.61 length of waves one and three (white). Therefore, it was expected to act as a significant local top. 



The ongoing downward movement has led to a low of $0.00024 on Sept. 15. The low and ensuing bounce served to validate the $0.00027 support, which is both a horizontal support area and the 0.618 Fib retracement support level. 



Additionally, the daily RSI has bounced at the 50 line (green icon). Therefore, if LUNC does not reach a daily close below this level, it is likely that it will initiate a significant bounce and potentially resume the upward movement that began on Aug. 15 (white). 



LUNC/BUSD Chart By TradingView


LUNA shows signs of weakness



LUNA has also decreased sharply since Sept. 9, falling by 66% so far. However, unlike LUNC, it is not showing any bullish signs. On the contrary, the price has created consecutive lower highs, a sign of weakness that supports the continuation of the downward movement. 



Moreover, the six-hour RSI is below 50, a bearish sign that indicates that a breakdown is likely. If LUNA falls below the current support of $2.60, the next closest support area would be at $1.60. 



LUNA/USDT Chart By TradingView


For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here
The post What’s Next for LUNA and LUNC Prices with Do Kwon on the Run? appeared first on BeInCrypto.


Terra Classic (LUNC) has regained its footing after decreasing sharply for nearly two weeks. On the other hand, Terra (LUNA) shows no signs of a bullish reversal and is trading inside a bearish pattern.
The post What’s Next for LUNA and LUNC Prices with Do Kwon on the Run? appeared first on BeInC...

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What’s Next for LUNA and LUNC Prices with Do Kwon on the Run?

The crypto analytics firm Santiment argues that one controversial altcoin could replace Dogecoin (DOGE) and Shiba Inu (SHIB) as the most prominent memecoin.
In a new analysis, a Santiment analyst known as mtkachuk says the native token of the original Terra blockchain, Luna Classic (LUNC), now holds the “meme king crown.”

“Just observing the price and volume patterns, there’s a very similar structure in LUNC right now to what was happening with DOGE a year and something ago:
Both had an initial run-up, followed by a flat consolidation, after which the real craze began. Looking into social data, a similar picture appears:”
Source: Santiment
Santiment also notes that LUNC-related keywords are ranked #1 and #8 on their social trends, which “is another sign of massive crowd attention.”
Source: Santiment
Luna Classic’s ecosystem collapsed in early May after Terra’s flagship stablecoin, TerraUSD (USTC), depegged. UST had aimed to exchange on a one-to-one basis against the US dollar.
Terra announced a new successor blockchain in late May and gave it the original Terra (LUNA) name, with the old collapsed blockchain becoming Luna Classic.
LUNC is trading at $0.000361 at time of writing. The 31st-ranked crypto asset by market cap is up nearly 19% in the past 24 hours.
Says Santiment,
“If next, we see a crash in LUNC to around $0.25 per 1000, followed by the last leg up above $0.8, then we can safely say that the crypto crowd truly never learns anything from the past, and it’s only a matter of time until a carbon copy of today’s event happens again.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Denis Maliugi/Baroeki Std
The post One Altcoin May Replace Dogecoin (DOGE) and Shiba Inu (SHIB) As Number One Meme Coin, Says Analytics Firm appeared first on The Daily Hodl.


The crypto analytics firm Santiment argues that one controversial altcoin could replace Dogecoin (DOGE) and Shiba Inu (SHIB) as the most prominent memecoin. In a new analysis, a Santiment analyst known as mtkachuk says the native token of the original Terra blockchain, Luna Classic (LUNC), now ho...

dailyhodl.com

One Altcoin May Replace Dogecoin (DOGE) and Shiba Inu (SHIB) As Number One Meme Coin, Says Analytics Firm

A widely followed crypto analyst is issuing a warning to investors about an altcoin that has surged over 330% since August.
The pseudonymous trader known as Crypto Capo tells his 510,000 Twitter followers that he believes Terra Luna Classic (LUNC), the rebranded version of stablecoin issuer Terra (LUNA), is bad news and that investors should steer clear from it.

 “How many people do you think are falling for the LUNC scam again? 
My advice: stay away from it.”
LUNA crashed in May after its stablecoin depegged from the US dollar, causing its price to lose over 99.9% of its value. According to Capo’s charts, LUNC is due for a massive crash in the coming days.
Source: Capo/Twitter
The crypto asset is currently moving for $0.000439 at time of writing, a 16.46% drop on the day but a massive 337% increase since early August.
The analyst goes on to give bearish outlooks for a handful of digital assets, including Bitcoin (BTC).
Capo predicts that the top crypto asset by market cap will climb to the $22,500 to $23,000 range after it reclaimed support near $19,600.
“We got the second bullish confirmation with a reclaim of the $19,600 with strong volume. 
Price is at resistance now and could retrace a bit, but in my opinion it will go higher during these days, to the main target of $22,500-$23,000.” 
Source: CryptoCapo/Twitter
The analyst’s chart indicate he believes the king crypto will dip into the “buy zone” of $14,000 to $16,000 sometime in October.
Bitcoin is currently moving for $21,290, a 9.8% gain on the day.
Capo also has his sights on smart contract platform Cardano (ADA). His analysis shows that Cardano will rise to around $0.55 before dipping to the $0.35 area in the middle of September.
Source: Capo/Twitter
Cardano is currently valued at $0.52, up over 7% in the past 24 hours.
The analyst also notes that top altcoin Ethereum (ETH) will follow a similar pattern. His charts indicate that the leading smart contract platform will rise to $1,800 before dipping into the $1,350 range.
“[Stop/loss] was triggered at breakeven. Re-entering this trade with a better [risk ratio]. Same target ($1,800).”
Source: CryptoCapo/Twitter
ETH is changing hands for $1,717 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Leszek Glasner/Sensvector
The post Popular Crypto Strategist Issues Severe Warning on Embattled Altcoin That’s Exploded by Over 330% in a Month appeared first on The Daily Hodl.


A widely followed crypto analyst is issuing a warning to investors about an altcoin that has surged over 330% since August. The pseudonymous trader known as Crypto Capo tells his 510,000 Twitter followers that he believes Terra Luna Classic (LUNC), the rebranded version of stablecoin issuer Terra...

Popular Crypto Strategist Issues Severe Warning on Embattled Altcoin That’s Exploded by Over 330% in a Month

Stablecoin issuer Terra (LUNA) is seeing a massive price increase months after the protocol’s stablecoin depegged from the US dollar and lost over 99.9% of its value.
The Ethereum (ETH) competitor exploded from $1.96 to $5.94, an over 200% increase, in just 24 hours after Terra Luna Classic (LUNC), its rebranded version, announced support for burning tokens.

LUNA has since dipped and is moving for $5.73 at time of writing.
Earlier this week, crypto exchange platform KuCoin announced it will support the 1.2% tax burn proposal of the LUNC community.
The burn proposal would raise taxes on users of the Terra blockchain to 1.2% as a means of burning tokens.
 “This proposal initiates the tax for all on-chain transactions as first described in proposal 3568 (for the 1.2% burn) and proposal 4159 (distribution of v22). Taxes will be charged and burned for on-chain activity such as sending between wallets and smart contracts that interact with the chain.”
In August, the LUNC decentralized autonomous organization (DAO) was created. The protocol says the DAO was created to revive the chain after its collapse.
“Three months ago we saw the potential for LUNC to rise like a phoenix from the ashes. This is why we created LUNC DAO, to inspire the community to revive the chain. Today the milestone of staking was reached. If we can achieve this in three months, imagine what we can achieve in one year.” 
News of the tax burn proposal sent LUNC flying, as it went from $0.000241 on September 4th to $0.000584 on September 8th, also an increase of over 200%. It has since stabilized and is changing hands for $0.000439 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Bryan Vectorartist
The post Terra (LUNA) Explodes 204% in Just 24 Hours As Bitcoin Blasts Above $21,000 appeared first on The Daily Hodl.


Stablecoin issuer Terra (LUNA) is seeing a massive price increase months after the protocol&#8217;s stablecoin depegged from the US dollar and lost over 99.9% of its value. The Ethereum (ETH) competitor exploded from $1.96 to $5.94, an over 200% increase, in just 24 hours after Terra Luna Classic...

Terra (LUNA) Explodes 204% in Just 24 Hours As Bitcoin Blasts Above $21,000

The collapse of the original Terra network had been one of the major triggers of the current bull market. LUNA’s price had dropped from above $100 to below 0 in a matter of days, causing market panic in the market and leaving a string of losses in its wave. However, despite the collapse, crypto investors did not give up on the digital asset. In the last seven days alone, the cryptocurrency has put on double-digit gains. Here’s the reason behind it.
Why Terra Classic Is Up
Following the crash, investors in Terra Classic had seen massive losses due to losing 100% of its value in a matter of days. However, since then, there have been investors who have remained loyal to the token and have been looking at ways to return it to its past glory.
One of the proposed ways of increasing the value of LUNC tokens that has caught on is a 1.2% tax. This tax is proposed to be placed on every single LUNC transaction, down to wallet and smart contract interactions. The tokens generated from the tax will then be sent to a burn wallet. Thereby reducing the number of tokens that are in circulation.

This tax proposal is yet to be accepted, but ever since it was made public, the price of the digital asset has responded positively to it. In the last 24 hours, the price of LUNC has been up 63.71%, bringing its present value to $0.00567. On a wider timeframe, the performance of the cryptocurrency is even more impressive, with 93.32% and 476.11% gains in the last 7 days and 30 days, respectively.
LUNC is not the only Terra token that is benefitting from the newfound interest following the tax proposal. Terra Classic USD (USTC) is also up double digits in the last 24 hours. The ‘stablecoin,’ which had lost its peg to the US dollar, is currently trading at $0.04754 at the time of this writing.
Is It Time To Buy LUNC?
Terra Classic’s high volatility has made it an attractive token for investors who are looking to try their luck and make some money in the short term. Since it remains incredibly popular and its price is still so low, as well as having a very high circulating supply, swings in price are usually wide, leading to the kind of gains being recorded over the last month.

LUNC trading at $0.0005 | Source: LUNCUSD on TradingView.com
While this volatility makes for an attractive investment, buying LUNC has been described as being akin to gambling. David Gokhshtein, the founder of Gokhshtein Media, said on Twitter that gamblers are the only ones who are investing in the cryptocurrency. Basically, when it comes to investing in digital assets such as LUNC, the chances of losing are high, making it a high-risk investment.

Nevertheless, the crypto community has not given up on LUNC. The world’s largest cryptocurrency exchange, Binance, announced early on Thursday that it would be carrying out wallet maintenance for Terra Classic’s LUNC. 
Terra Classic’s LUNC also continues to maintain a higher market cap than the airdropped Terra LUNA. The former is sitting at $3.48 billion, while the latter has a market cap of $263 million. Additionally, USTC’s current market cap is $465.78 million.
Featured image from BTCC, chart from TradingView.com
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The collapse of the original Terra network had been one of the major triggers of the current bull market. LUNA’s price had dropped from above $100 to below 0 in a matter of days, causing market panic in the market and leaving a string of losses in its wave. However, despite the collapse, crypto i...

Terra Luna Classic price	$0.0002
Low - High 24H	$0.00019 - $0.00024
Market cap	$1.39B
Volume 24H	$520.14M
All time high	$119.18 -100.00% April 5th 2022
All time low	$0.000001 19963.69% May 13th 2022
Genesis date	N/A

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