Recent reports suggest that
Terra Luna Classic (LUNC) is gearing up for the largest LUNC burn in its history following the bankruptcy of TerraForm Labs. Community members and core developers are bolstering these efforts, planning to enact a
burn of 1 billion USTC and 275 billion LUNC. In addition to these impressive feats, the completion of a
Tax2Gas upgrade has also been confirmed, hinting at the possibility of a
price rebound for both LUNC and USTC. Meanwhile, market speculation varies heavily, with some predicting LUNC to potentially hit $1 in the near future, and others arguing that LUNC may not reach even $0.01. Such diverse views underscore the volatile state of the cryptocurrency market currently. In the wake of TerraForm Lab's recent hearing date and community vote on a critical upgrade, both LUNA and LUNC have experienced price rallies. However, there are concerns that these upwards surges might be short-lived, given some disturbing signs, such as reports of validators violating chain rules. Still, it seems that there are positive moves ahead, as developers reveal plans for significant updates and efforts intensify to restore the peg between USTC and $1. Amid such uncertainty, some investors are expressing optimism that events will transpire in favor of LUNC, boosting its price once more. However, others are more pessimistic, foreseeing a further slide in LUNC's price and even stating that it is on route to zero. Furthermore, the recent SEC fine has churned the waters even more. In light of all these developments, investors are advised to approach LUNC with caution and conduct thorough research before making any decisions.
LUNC Coin News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Tue, 10 Sep 2024 19:34:45 GMT -
Rating -1
- Innovation -3
- Information 4
- Rumor 2
