LUNC, USTC, SHIB, and Crypto Prices To Surge?
Altcoins’ prices fell after the crypto market selloff in the last 24 hours, dragging the global crypto market cap by more than 3.40% to $2.54 trillion. However, market experts believe prices will rebound soon as inflation cools but
LUNC price fell 10% in the last 24 hours, with the price currently trading at $0.0001064. The 24-hour low and high are $0.0001018 and $0.0001219, respectively. The drop erased sentiment for a new rally as traders anticipated a start of massive rally.
USTC price tumbled more than 12%, with the price changing hands at $0.02145. The selloff pared 22% gains USTC saw in a month.
Meanwhile, SHIB price also dropped over 6% and currently changing hands at $0.00002332. Trading volume in the last 24 hours has increased by more than 80%. However, Shiba Inu is likely to continue rallying after the lull.
Altcoins’ prices fell after the crypto market selloff in the last 24 hours, dragging the global crypto market cap by more than 3.40% to $2.54 trillion. However, market experts believe prices will rebound soon as inflation cools but
LUNC price fell 10% in the last 24 hours, with the price currently trading at $0.0001064. The 24-hour low and high are $0.0001018 and $0.0001219, respectively. The drop erased sentiment for a new rally as traders anticipated a start of massive rally.
USTC price tumbled more than 12%, with the price changing hands at $0.02145. The selloff pared 22% gains USTC saw in a month.
Meanwhile, SHIB price also dropped over 6% and currently changing hands at $0.00002332. Trading volume in the last 24 hours has increased by more than 80%. However, Shiba Inu is likely to continue rallying after the lull.
Coin exchange rate
$BTC 67677.844 USD (+0.39%) 🟢$LUNC 0.00010269 USD (+1.33%) 🟢$LUNA 0.53843215 USD (-1.12%) 🔴LUNC News: Terra Luna Classic proposal to implement Tax2Gas and remove the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers, as per a proposal by StrathCole and Genuine Labs.
Terra Luna Classic Starts Voting on Tax2Gas Proposal
Proposal 12115 “Genuine Labs Tax2Gas Implementation” is currently under governance voting on Station wallet. The proposal by Genuine Labs aims to proceed with incorporating tax into the gas and help prevent as much attack vectors as possible using e2e-test.
At press time, the proposal has received 99.98% “Yes” votes and indicates the community’s acceptance to the Tax2Gas implementation. All validator who participated have voted in favor of the proposal. It received quick support from validators such as JESUSisLORD, StakeBin, Ninja Node, and others.
As reported earlier, Tax2Gas proposal looks to resolve issues including contract developers’ need to calculate the tax manually. Moreover, clients or dApps have to calculate the tax themselves as the simulation endpoint only provides gas estimates. Migrating audited dApps becomes cumbersome due to these Classic-specific adjustments, leading to potential re-audits.
Developers require 5 weeks for research, development, and basic testing and deployment. The estimated total budget is $25,000 in LUNC.
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LUNC price jumped 4% in the last 24 hours amid positive sentiment due to cooling CPI, with the price currently trading at $0.0001049. The 24-hour low and high are $0.00009855 and $0.0001057, respectively. Moreover, trading volume increased by 20% in the last 24 hours, indicating interest among traders.
However, the price is still below the key level of $0.00012 and needs to soar above the level for a massive rally in Terra Classic ecosystem tokens.
Meanwhile, USTC price also climbed more than 3%, with the price now trading at $0.02378. The 24-hour trading volume saw a mere 5% rise in the last 24 hours as traders await the Fed interest rate decision post-FOMC today.
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$BTC 66911.693 USD (-1.15%) 🔴$LUNC 0.00009895 USD (-3.62%) 🔴$LUNA 0.52893635 USD (-1.76%) 🔴LUNC News: The Terra Luna Classic community has started voting on a key proposal to implement a revised LUNC burn tax distribution. This pay-per-job (PPJ) proposal seeks community members and validators’ approval on moving ahead with changes as per proposal 12098 passed earlier by the Terra Classic community in April.
Terra Luna Classic Prepares for Burn Tax Changes
Text proposal 12114 by popular developer Frag seeks PPJ approval to implement the burn tax distribution change passed by the Terra Luna Classic community. The developer seeks to start working on revising burn tax to implement the oracle pool split, as per conditions set in proposal 12098.
Terra Classic has a burn tax set to 0.5%, which is strongly adhered to by the community. Out of this, 80% is for burn and 20% is distributed as 10% to Community Pool and 10% to rewards. As per 12098, the 20% will be distributed as 10% to Community Pool and 10% to Oracle pool.
The developer has set following requirements under the implementation plan:
Implementation of the new distribution logic in ante handler
Adjust the split parameters to reflect the new split logic
Adjust the proposal types and handlers to reflect the new parametrization
Writing ante handler unit tests to test if the new logic reflects the requirements of proposal 12098
Non-empty upgrade proposal handler to be able to rollout the changes with coordinated chain halt proposal and set the split/distribution parameters according to proposal 12098
Frag proposes to complete the work in 56 hours and charge $3600 in LUNC. This implementation needs development, local testing, writing of unit tests; testnet rollout and coordination; and mainnet rollout and coordination. He has set high odds of completing the implementation by mid-July.
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After the proposal, 20% will be distributed as 10% to Community Pool and 10% to Oracle pool. This will make immediate block rewards cut off for users. Instead, the portion from the burn tax would go into long-term staking rewards (Oracle) and improve LUNC staking. It will help validators, but decrease the APR by about ~0.5% depending upon on-chain volumes.
The proposal has received 99.97% votes in favor. All validators including Interstellar Lounge, JESUSisLORD, and StakeBin have voted in favor of the proposal until now. Other top validators are yet to vote on the PPJ proposal.
LUNC price fell 5% in the last 24 hours amid market-wide selloff, with the price currently trading at $0.0001024. However, trading volume has increased in the last few hours, with LUNC and 1000LUNC futures open interests rising.
Meanwhile, USTC price also fell over 4%, with the price changing hands at $0.02059. The price tumbled 12% in a week. The 24-hour low and high are $0.02034 and $0.02183, respectively.
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$BTC 66030.94 USD (-1.41%) 🔴$LUNC 0.00009544 USD (-3.54%) 🔴$LUNA 0.49926830 USD (-5.61%) 🔴Cryptocurrency prices are in the red for the third day in a row while the Terra Luna Classic price prediction reveals a potential uptick in price to $0.0002 if certain conditions are met. LUNC, the token powering the ecosystem is down 2.77% to hover at $0.0001015 during US business hours on Wednesday.
According to data by CoinMarketCap, although Terra Classic’s market cap has corrected to $588 million, a modest 14% increase in the 24-hour trading volume cannot be ignored. This surge to $25 million implies that investor interest is growing—and this bullish outlook.
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The Terra Classic bulls have an uphill battle defending the most critical support at $0.0001. So far, the price has bounced from this level on the daily chart, but with the Relative Strength Index (RSI) falling to 38, the down leg could extend further.
The RSI shows an expanding bearish divergence likely to make the situation difficult for the bulls. A continued drop below 30 into the oversold level would reveal two things: A stronger bearish grip and a weakening downtrend.
Therefore, traders would be wise to watch out for the price behaviour around $0.0001, as highlighted by the lower ascending trendline. An immediate rebound will prop Terra Classic price for an incoming uptrend while closing the day below the same level could send jitters among investors, paving the way for a price drop to $0.00009, the next support level.
Holding below all three key Exponential Moving Averages (EMAs) including the 20-day EMA in blue, the 50-day EMA in red, and the 200-day EMA in purple could worsen the situation for bulls. Two recent death cross patterns on the same daily chart suggest that the path of least resistance is still downwards.
The four-hour chart validates the bearish thesis highlighting two more death cross patterns. When a short-term MA crosses below a long-term MA, the pattern favors a bearish outcome.
Other indicators like the Moving Average Convergence Divergence (MACD) are also bearish but showing signs of relief. If the MACD upholds the horizontal movement at -0.00000277, Terra Classic will settle for consolidation before the next breakout.
A potential rebound from the lower trendline would mark a trend reversal. Nevertheless, LUNC may remain under the influence of the bears until it climbs past the upper broken trendline and most importantly the resistance in red at $0.00012. From here, the move to $0.0002 could happen quickly backed by FOMO and a generally bullish market.
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$BTC 66228.069 USD (+0.3%) 🟢$LUNC 0.00009796 USD (+2.63%) 🟢$LUNA 0.50833817 USD (+1.75%) 🟢Terra Luna Classic Price Plunges Post SEC’s $4.47 Billion Fine! Recovery on the Charts?
The Terra Luna Classic (LUNC) community has faced significant challenges since the market turmoil of 2022, which saw a massive $30 billion loss in a single week. Despite efforts to rebrand and refresh products, the ecosystem of UST logarithmic stablecoins within Terra Luna has struggled to recover.
There are concerns about Do Kwon’s leadership, especially regarding customer protection measures. The landscape has seen the rise of new blockchains and web3 projects that prioritize stronger security measures.
Here’s everything you should know. Dive right in.
Understanding the Settlement
According to US SEC filings, Terraform Labs and Do Kwon agreed to pay a lump sum of $4.47 billion in fines after reaching a settlement with the agency. In addition to the fines, Kwon is expected to pay about $204 million to ensure the Terraform investors are reimbursed in the ongoing bankruptcy proceedings.
Moreover, Kwon is barred from holding any leadership role, and Terraform Labs cannot engage in crypto trading activities.
The Terra Luna Classic (LUNC) community has faced significant challenges since the market turmoil of 2022, which saw a massive $30 billion loss in a single week. Despite efforts to rebrand and refresh products, the ecosystem of UST logarithmic stablecoins within Terra Luna has struggled to recover.
There are concerns about Do Kwon’s leadership, especially regarding customer protection measures. The landscape has seen the rise of new blockchains and web3 projects that prioritize stronger security measures.
Here’s everything you should know. Dive right in.
Understanding the Settlement
According to US SEC filings, Terraform Labs and Do Kwon agreed to pay a lump sum of $4.47 billion in fines after reaching a settlement with the agency. In addition to the fines, Kwon is expected to pay about $204 million to ensure the Terraform investors are reimbursed in the ongoing bankruptcy proceedings.
Moreover, Kwon is barred from holding any leadership role, and Terraform Labs cannot engage in crypto trading activities.
LUNC Market Trends
From a technical standpoint, LUNC’s price against the US dollar is at a critical juncture, possibly indicating further losses. This small-cap altcoin has a fully diluted valuation of about $591 million and sees a daily traded volume averaging around $38 million. Despite recent network improvements, LUNC has struggled to recover from setbacks in 2022.
The altcoin continues to consolidate within a large triangular pattern and has lost support from the weekly 50 Moving Average (MA). The Relative Strength Index (RSI) has also failed to surpass the crucial 50-point mark, reflecting prevailing bearish sentiment.
Can Burns Save the Day?
To boost optimism, the Terra LUNC community has intensified efforts for on-chain burns. Recently, Binance burned 1.35 billion LUNC tokens, contributing to a total burn of approximately 60 billion tokens.
Additionally, the community approved a $30,000 expenditure (equivalent to 256 million LUNC tokens) earlier this week for development purposes, highlighting ongoing efforts to enhance the platform’s capabilities.
From a technical standpoint, LUNC’s price against the US dollar is at a critical juncture, possibly indicating further losses. This small-cap altcoin has a fully diluted valuation of about $591 million and sees a daily traded volume averaging around $38 million. Despite recent network improvements, LUNC has struggled to recover from setbacks in 2022.
The altcoin continues to consolidate within a large triangular pattern and has lost support from the weekly 50 Moving Average (MA). The Relative Strength Index (RSI) has also failed to surpass the crucial 50-point mark, reflecting prevailing bearish sentiment.
Can Burns Save the Day?
To boost optimism, the Terra LUNC community has intensified efforts for on-chain burns. Recently, Binance burned 1.35 billion LUNC tokens, contributing to a total burn of approximately 60 billion tokens.
Additionally, the community approved a $30,000 expenditure (equivalent to 256 million LUNC tokens) earlier this week for development purposes, highlighting ongoing efforts to enhance the platform’s capabilities.
Coin exchange rate
$BTC 66158.447 USD (-0.11%) 🔴$LUNC 0.00009923 USD (+1.3%) 🟢$LUNA 0.49806835 USD (-2.02%) 🔴LUNC Community Clamors For Coinbase Listing, Can It Reach $1?
LUNA Classic (LUNC) is still going strong despite losing more than 99.99% of its value during the market crash. It now also boasts one of the strongest and most active crypto communities on social media, which have now taken their combined power towards getting the coin listed on large exchanges. This time around, the community has turned its attention to Coinbase.
Calls To List On Coinbase
The calls from the LUNC community to list the digital asset on Coinbase have been intensifying in the last week. It goes along with the calls for another trading platform, Robinhood, to list the token. If this approach sounds familiar, it is because this was the same thing done by the Shiba Inu community to get the meme coin listed on large exchanges.
Following in the same footsteps of the SHIB community, LUNC community members have created a petition for the crypto exchange to list the token. As of the time of this writing, the petition already has a little under 3,000 signatures.
Calls for Coinbase to list LUNC have also dominated the digital asset’s social media mentions during this time. The cryptocurrency has previously gotten massive support from the largest crypto exchange in the world, Binance, which has committed to burning all fees realized from LUNC trading every Monday. Last week. Binance burned $1.8 million worth of tokens.
The call for Coinbase to list the digital asset is to help its value which has struggled since the crash. Such a listing has been known to propel the prices of digital assets upward due to the amount of demand it drives.
LUNA Classic (LUNC) is still going strong despite losing more than 99.99% of its value during the market crash. It now also boasts one of the strongest and most active crypto communities on social media, which have now taken their combined power towards getting the coin listed on large exchanges. This time around, the community has turned its attention to Coinbase.
Calls To List On Coinbase
The calls from the LUNC community to list the digital asset on Coinbase have been intensifying in the last week. It goes along with the calls for another trading platform, Robinhood, to list the token. If this approach sounds familiar, it is because this was the same thing done by the Shiba Inu community to get the meme coin listed on large exchanges.
Following in the same footsteps of the SHIB community, LUNC community members have created a petition for the crypto exchange to list the token. As of the time of this writing, the petition already has a little under 3,000 signatures.
Calls for Coinbase to list LUNC have also dominated the digital asset’s social media mentions during this time. The cryptocurrency has previously gotten massive support from the largest crypto exchange in the world, Binance, which has committed to burning all fees realized from LUNC trading every Monday. Last week. Binance burned $1.8 million worth of tokens.
The call for Coinbase to list the digital asset is to help its value which has struggled since the crash. Such a listing has been known to propel the prices of digital assets upward due to the amount of demand it drives.
Will LUNC Reach $1?
As mentioned above, the LUNC community is hoping to bolster the price of the digital asset with a listing on the crypto exchange, presumably towards the “LUNC to $1” goal that is echoed throughout the community. However, it is improbable that the price of LUNC will reach this point.
The answer to whether the price of the digital asset will ever touch $1 lies in its total supply. With the collapse of the Terra Classic network, trillions of new tokens had been brought into circulation. At the time of this writing, the total supply of LUNC sits at 6.15 trillion. If the price were to reach $1, this would mean that the market cap of LUNC would cross 6 trillion, quite unrealistic given that the total crypto market cap all-time high sits at $3 trillion.
For the $1 mark to be feasible, the supply would have to be drastically reduced. Currently, in addition to the Binance burn, there is a 1.2 tax burn imposed on all transactions, but even this will not be enough to reduce the LUNC supply by at least 70% reduction that would make it possible for the digital asset to reach $1.
Realistically, it is more likely that the digital asset will knock off another zero if the burns continue to ramp up and the cryptocurrency gets a major exchange listing. But a $1 price mark at a 6 trillion circulating supply is out of the question.
As mentioned above, the LUNC community is hoping to bolster the price of the digital asset with a listing on the crypto exchange, presumably towards the “LUNC to $1” goal that is echoed throughout the community. However, it is improbable that the price of LUNC will reach this point.
The answer to whether the price of the digital asset will ever touch $1 lies in its total supply. With the collapse of the Terra Classic network, trillions of new tokens had been brought into circulation. At the time of this writing, the total supply of LUNC sits at 6.15 trillion. If the price were to reach $1, this would mean that the market cap of LUNC would cross 6 trillion, quite unrealistic given that the total crypto market cap all-time high sits at $3 trillion.
For the $1 mark to be feasible, the supply would have to be drastically reduced. Currently, in addition to the Binance burn, there is a 1.2 tax burn imposed on all transactions, but even this will not be enough to reduce the LUNC supply by at least 70% reduction that would make it possible for the digital asset to reach $1.
Realistically, it is more likely that the digital asset will knock off another zero if the burns continue to ramp up and the cryptocurrency gets a major exchange listing. But a $1 price mark at a 6 trillion circulating supply is out of the question.
Coin exchange rate
$BTC 65661.206 USD (-0.75%) 🔴$LUNC 0.00009128 USD (-8.01%) 🔴$LUNA 0.43532438 USD (-12.6%) 🔴Terra Classic and Terra Luna Price Prediction: 5thScape Emerges as the Unstoppable Force in Crypto
As the craze of meme coins is finally going away, the focus of investors is turning to low-market-cap altcoins. They are starting to capture the market’s interest with their massive profits. In detail, the tokens of the Terra ecosystem, including Terra Classic (LUNC) and Terra Luna, show us a positive movement within a still-developing growing channel.
This movement occurs when Bitcoin is still trying to overcome the $70K mark and makes people wonder if there is still a chance for the rest of the altcoins to grow in current market conditions. In this article, we will discuss the price charts of these exciting tokens in search of possible buy signals. Given the current performance of 5thScape, this is particularly exciting.
5thScape: A New Era for Entertainment
People are switching their regular entertainment preferences for newer experiences. Due to the major growth in the VR technology sector VR accessories have become more affordable and easy to access. Now anyone can enjoy a 3D VR movie or game without leaving the comfort of their home.
It is the end of the era of expensive gaming zones and movie theaters! As VR technology has brought in a new generation of an audience looking for VR-compatible content, the launch of the 5thScape platform is perfectly timed. It is a one-stop hub for all your VR content needs.
Whether you want to watch your favorite movie in VR or immerse yourself in a realistic VR gaming experience, you can do it all under one destination established by 5thScape.
5thScape is a safe platform built on the latest blockchain technology. The development team of the 5thScape project constantly works on improving the platform by including new content. They also plan to add Augmented Reality (AR) technology in the future. Right now 5thScape is facing an unstoppable demand for its VR experiences alone. The crypto investors have shown their solid interest in this platform by helping it raise a presale funding of $6.6 million in a short time.
As the craze of meme coins is finally going away, the focus of investors is turning to low-market-cap altcoins. They are starting to capture the market’s interest with their massive profits. In detail, the tokens of the Terra ecosystem, including Terra Classic (LUNC) and Terra Luna, show us a positive movement within a still-developing growing channel.
This movement occurs when Bitcoin is still trying to overcome the $70K mark and makes people wonder if there is still a chance for the rest of the altcoins to grow in current market conditions. In this article, we will discuss the price charts of these exciting tokens in search of possible buy signals. Given the current performance of 5thScape, this is particularly exciting.
5thScape: A New Era for Entertainment
People are switching their regular entertainment preferences for newer experiences. Due to the major growth in the VR technology sector VR accessories have become more affordable and easy to access. Now anyone can enjoy a 3D VR movie or game without leaving the comfort of their home.
It is the end of the era of expensive gaming zones and movie theaters! As VR technology has brought in a new generation of an audience looking for VR-compatible content, the launch of the 5thScape platform is perfectly timed. It is a one-stop hub for all your VR content needs.
Whether you want to watch your favorite movie in VR or immerse yourself in a realistic VR gaming experience, you can do it all under one destination established by 5thScape.
5thScape is a safe platform built on the latest blockchain technology. The development team of the 5thScape project constantly works on improving the platform by including new content. They also plan to add Augmented Reality (AR) technology in the future. Right now 5thScape is facing an unstoppable demand for its VR experiences alone. The crypto investors have shown their solid interest in this platform by helping it raise a presale funding of $6.6 million in a short time.
Coin exchange rate
$BTC 65314.913 USD (-0.52%) 🔴$LUNC 0.00009177 USD (+0.54%) 🟢$LUNA 0.43979466 USD (+1.03%) 🟢Binance Expands Support For LUNC And USTC Revival To $1
Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.
Binance TH Announces “LUNC from Collapse to Resurrection”
In a post on X social media platform on June 15, Binance TH introduces “LUNC from collapse to resurrection?” event to the crypto community. Binance TH by Gulf Binance looking for people who have experienced the Terra-Luna crisis and still believe in LUNC revival.
“Binance TH by Gulf Binance will contact those who suffered the most from LUNC to invite them to join the discussion and share their experiences through Binance TH Live with us. By Those selected will receive Binance TH Swag and special prizes,” said the crypto exchange.
Former Binance’s CEO Changpeng Zhao started supporting the Terra Classic revival after the community and developers took governance into their hands. Binance has burned 60.42 billion LUNC tokens in the burn campaign to remove tokens for supply.
Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.
Binance TH Announces “LUNC from Collapse to Resurrection”
In a post on X social media platform on June 15, Binance TH introduces “LUNC from collapse to resurrection?” event to the crypto community. Binance TH by Gulf Binance looking for people who have experienced the Terra-Luna crisis and still believe in LUNC revival.
“Binance TH by Gulf Binance will contact those who suffered the most from LUNC to invite them to join the discussion and share their experiences through Binance TH Live with us. By Those selected will receive Binance TH Swag and special prizes,” said the crypto exchange.
Former Binance’s CEO Changpeng Zhao started supporting the Terra Classic revival after the community and developers took governance into their hands. Binance has burned 60.42 billion LUNC tokens in the burn campaign to remove tokens for supply.