Avalanche Foundation's decision to
buyback its AVAX sold to
Terra’s Luna Foundation Guard sparks strong upward momentum for
Terra Luna Classic (LUNC). The rebuying is said to have a significant
impact on LUNC's market price.
LUNC continues to
make substantial strides being back with an adults-only night, celestial fair, and submission of loss claims. The community also awaits a key vote on the
Tax2Gas proposal. To ameliorate the situation after bankruptcy,
burn mechanism has been revised and
Terra Labs proposes LUNC's price to rally post-bankruptcy hearing. The unanimous vote on the
Tax2Gas upgrade seems promising, suggesting a potential surge in LUNC price.
Binance, a leading crypto exchange, supports Terra Luna Classic by raising burn mechanisms and burning additional LUNA tokens, causing a price jump. However, despite efforts to revive LUNC's prices, challenges persist, such as the chain violation causing a significant plunge. Nonetheless, the community remains optimistic, planning a massive burn of 1 billion USTC and 275 billion LUNC.
Terra Luna's price prediction appears to be encouraging, suggesting it's a good investment. Yet, cautious assertions include questions about LUNA's shaky foundation. Nonetheless, its ongoing upgrades, the introduction of enhanced staking rewards, and the planned launch of
Tax2Gas in July, have enabled it to maintain a steady footprint in the market.
Terra Luna News Analytics from Sun, 10 Dec 2023 08:00:00 GMT to Tue, 15 Oct 2024 18:45:51 GMT -
Rating -1
- Innovation 7
- Rumor 4
