Sonic is set to introduce a high-yield algorithmic stablecoin, despite the fallout from the
Terra-Luna collapse. Meanwhile, several cryptocurrencies including Arctic Pablo, Celestia & Terra Classic were highlighted as potential investments. After
Do Kwon, the ex-boss of Terra who fled during the cryptocrash, was caught and extradited to the US, he is now facing a $123 million settlement with the SEC. The
Terra Classic, now known as
Luna Classic (LUNC), experienced price stability even after the community rejected the Sub-DAO proposal. Analysts project that in this climate of continual token burn, LUNC's price could experience a massive surge. Despite the predicament caused by the Terra-Luna collapse, Terra Coin is steadily recovering, with its price rising by 18%.In the aftermath, Luna Classic is now under a strategic partnership with
Cardano aimed at revolutionizing the crypto space with an algorithm. It's also noteworthy that the Luna Classic community unanimously approved a key proposal despite being divided over ongoing debates to raise the 'burn tax'. Meanwhile, as part of their support for Terra Luna Classic, Binance is planning to burn 1.7 billion Terra Classic Tokens.Despite the Luna Classic price being put at risk,
Terraform Labs sets an October 30 deadline for Terra Classic users. With increasing burn and staking rates from Terra Classic, a LUNC price recovery is expected. Furthermore, despite facing harsh criticism and being called a 'memecoin', Terra Classic holds potential to reach a value as high as $1, provided significant milestones are achieved and technical upgrades are conducted in a timely manner.The Terraform labs agreed to pay $4.5 billion as settlement with SEC, from which, the Terra Luna Classic community is expected to benefit.
Terra Coin News Analytics from Mon, 20 Jan 2020 02:04:06 GMT to Wed, 26 Mar 2025 06:19:13 GMT -
Rating 2
- Innovation 6
- Information 8
- Rumor -1
