The larger the volume, the quicker the pace of consumption, and thus, the higher the price floor and the greater the potential for an all-time high as the supply drops. Consequently, cryptocurrencies may see an upswing and Terra Luna Classic may see a price increase to $0.000373.Īfter the Binance token burn, there has also been a significant spike in the burning of LUNC tokens. The blockchain markets tend to be quite optimistic in October. A rise of almost 8.19 per cent would result from this. If the bulls can drive LUNC’s price higher in the next few days, Terra Luna Classic might reach its previous swing high of about $0.000315. A breakthrough to the upside or the fall is possible at this point. Turning points are possible when resistance and support trendlines approach one other. For LUNC to prevent more losses, the cost must find support at the $0.000291 level and stay there. Price movement for Terra Luna Classic (LUNC) has formed a descending triangle with lower highs and almost horizontal swings at support, suggesting the price may soon break down. However, lower prices may be great for accumulation and dollar cost averaging if LUNC can keep its pricing structure favourable.Ĭompared to when LUNC was trading at $0.00059, the present price level is significantly healthier, as measured by the daily relative strength index, which is now at 50.66. In terms of technical analysis, Terra Luna Classic is showing signs of being bearish as the price keeps making lower highs. ![]() Will tomorrow’s trading session end in green, signalling a positive reversal? There have been five daily red candles for LUNC on the price charts. Not LUNA, but LUNC is why we’re here.” Future Value of the Terra Luna Classic Coin (LUNC) “His chain is fake, and he is on the run. “He produced a new token, and now we’re supposed to put our faith in them once again, right? There has been another round of finger-pointing about whale manipulation and a pump and dump from the LUNC community.Ī user named Bull.BNB on Twitter said: “Do Kwon,, messed us all up, particularly the people who wanted to save LUNA. Terra Classic (LUNC) has also risen 11% in 24 hours, with trading volume increasing 150% to $640 million.īitcoin Suisse AG’s senior developer and blockchain engineer Tobias Andersen has advocated re-pegging USTC, which has caused a dramatic price surge. On Wednesday morning, the price of USTC, the new stablecoin produced by Terraform Labs, peaked at $0.0621 (a rise of 110% in 7 days) before retracing 25% to $0.0463. The fact that USTC and Terra 2.0 have been active in the past day has muddied the waters for Terra Classic. The United States Space Command and the Terrain 2.0 (LUNA) Pump Messari data reveals that LUNC volatility has been declining steadily since October. ![]() In the last 24 hours, the price has ranged from $0,0002761 to $0.0002994, representing a change of 8%. There Has Been an Effort to Burn More LUNCīinance has destroyed 8,588,471,344.33 LUNC due to the burn, which is equal to $2,993,480,008.16 in USD.ĭue to the announcement, the Terra Classic community has redoubled its efforts to burn tokens, destroying almost 18 billion tokens and an additional 10 per cent of LUNC.Īlthough the burn has been successful, the coin’s price has remained unpredictable, making it a favourite of traders and scalpers.ĭespite removing billions of tokens from circulation, LUNC is 2.5% lower than seven days ago. ![]() More than 5.5 billion LUNC were destroyed in the first LUNC burn, which lasted from September 21st to October 1st, and another 2.9 billion were destroyed in the second LUNC burn, which lasted from October 1st to October 8th.īinance has lost over $3 million due to the burn, but most LUNC trades have occurred on the exchange’s platform since the news. With over $450 million in volume over the last 24 hours, Terra Classic is still one of the most actively traded cryptocurrencies.Įarlier today, Binance said its most recent burn attempts irreversibly deleted approximately 3 billion LUNC, or roughly $1 million.īinance, the biggest cryptocurrency exchange in the world, said in late September that its CEO, Changpeng Zhao, will honour a 1.2% burn on the transactions tax retroactive to September 21. Join Our Telegram channel to stay up to date on breaking news coverage
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |