Terra Luna Classic recently approved a significant
Tax2Gas proposal, potentially pushing the price of LUNC to $1. With a staggering 99.98% approval rate on the LUNC payout proposal, the cryptocurrency shows potential despite the recent price plunge due to SEC's $4.47 billion fine. Binance's massive burn of 60 billion LUNC and the upcoming v3.0.1 upgrade for Terra Luna Classic are expected to create substantial changes in the crypto's market position. The prime minister of Montenegro surfaced as an early investor in Terra, revealing his $75,000 investment in
Terraform Labs. Meanwhile, the Terra Luna Classic community is looking at new governance models, activating new burn tax, and revising the old one.
CEO Chris Amani confirmed a considerable USTC and LUNC burn. Terra Luna Classic's price prediction varies widely, but there are predictions of an upsurge in trading volume and hopeful rallies. The fine settlement with the SEC that Terraform Labs agreed to has stirred up various discussions. Furthermore, Do Kwon, founder of Terraform Labs, faced public scrutiny and extradition to South Korea following his involvement in a $60 billion crash. However, Kwon's release from prison fueled Terra Luna's surge. Despite Terra Luna Classic overcoming its Top 100 fallout with a 35% surge, the failure of a key proposal from the community led to a plummet in LUNC's price. The cryptocurrency is being considered for relisting on Coinbase.
Terra Luna News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Fri, 21 Jun 2024 17:00:54 GMT -
Rating -6
- Innovation -4
- Information 5
- Rumor -8
