LUNC Up 15%, As Binance Helps Terra Classic Reclaim $1B Market Cap
Terra Classic (LUNC) has surged by 15% in 24 hours, with its market cap reclaiming the $1B zone following Binance’s latest monthly burn.
Terra Classic Prediction As Crypto Prices Bounce in the Market. Is LUNC to $1 Feasible?
In the last 24 hours, Terra Classic (LUNC) has gained 1.32% according to CoinMarketCap, standing at $0.001635 at the time of writing. Considering the current price, LUNC will need a relatively 600,000% to reach $1. Could such a massive rise happen with the level of development in the Terra Classic ecosystem?
Terra Classic Proposal To Allocate 50% of LUNC Burns to Community Pool Faces Stiff Resistance
A new proposal to allocate 50% of all LUNC burns to the community pool to fund on-chain development has sparked outrage in the LUNC community.
Terra Classic Developers Launch LUNC Wallet To Reduce Dependence On Terra Station
The Terra Rebels have launched their own Terra Classic wallet to reduce dependence on the Terra Station and TFL.
Terra Classic Community Burns 150 Million LUNC Without Binance
The Terra Classic community aims to burn large amounts of LUNC tokens to reduce its circulating supply and revive its price to satisfactory levels. The community has burned almost 29 billion LUNC tokens in the last few months after Terra Rebels pushed the burn rate by implementing the v22 upgrade, ultimately introducing <a href="https://coingape.com/glossary/staking/" target="_blank">staking</a> and the 1.2% burn tax.
Investors Pump $70 Million Into LUNC in a Week As Interest in Terra Classic Returns
Investors in Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) token, are still showing faith in the digital asset despite its diminishing utility. Amid the prevailing market bearish conditions, the token appears to embark on a bullish upward movement.
Single Wallet Burns 25M+ Terra Classic, 40M Gone in 24 Hours
40M+ LUNC tokens were cumulatively burned in the past 24 hours, as a single wallet accounted for 25M+ of the incinerated tokens.
Two Wallets Cumulatively Burn 9M+ Terra Classic (LUNC)
Over 9M LUNC tokens have just been burnt in two different transactions, with LUNCDAO accounting for 4.9M of the incinerated assets and Luna Station 88 burning 4.4M.
Terra Classic Proposal To Again Increase Burn Tax to 1.2% Sparks Debates
Terra Classic Community Debates Proposal To Temporarily Increase On-Chain Taxes.
Here’s Why Terra Classic (LUNC) Price Could See Massive Rally in December
Terra Classic community members have been jointly working for the recovery of the imploded digital token LUNC. Developers, validators, and projects have summited various proposals that can boost the utility of the blockchain, which is expected to enhance the price in the long run.
