Terra Luna Classic (LUNC) is preparing for a Tax2Gas upgrade that could revive its price to $1. The
Terra Blockchain recently restarted after a $4M exploit, causing speculation about the future performance of LUNC. The founder of Terra,
Do Kwon, is presently facing a civil fraud trial after his coin lost $40B in 2022.
Terraform Labs, the firm behind Terra, has agreed to close operations, with Terra community taking over, amidst a $4.5B settlement with the
Securities and Exchange Commission (SEC).
Terra Classic's price is predicted to witness a rebound following recent events. To reclaim its value, there are key proposals like the noteworthy Tax2Gas that are up for voting. However, setbacks haven't been rare, and the ASTRO token fell over 60% when Terra chain halted operations. Meanwhile, there's still belief in Terra Classic, hinting at a potential 40% breakout despite the company's decision to sell four companies.
Recently, Terra Luna Bankruptcy underwent an upgrade with LUNC showing a rally. Investors are encouraged by the community support and the aggressive token burns, speculating a rally in Terra Classic price to $0.001. Despite its 72% decline, Terra Classic price searches for stability, while green lights flash for a potential 10,000% rally following Coinbase relisting. A few speculations are fueling the rally, including a Bitcoin-focused comeback plan and a speculative frenzy. This comes despite some major setbacks as core team proposals were rejected. Investors are keen to see if the major upgrades will fuel Terra Luna Classic's $1 dream.
Terra Coin News Analytics from Wed, 29 Nov 2023 08:00:00 GMT to Fri, 09 Aug 2024 09:49:56 GMT -
Rating 4
- Innovation -2
- Information 5
- Rumor 5
