Terra Luna, also known as Terra Luna Classic or
LUNC, has been in the limelight with significant events unfolding around its price and related areas. There has been a buzz about its price possibly surging 200%. The prediction arises from the total Terra Classic nearing a 403B milestone and another massive 736M LUNC burn event by Binance. Furthermore, an analyst predicts a price surge occasioned by a rising burn rate. While there are some predictions about Terra Luna's Classic price, there is also talk about a potential 21% drop despite the 1.6 billion LUNC burn.
Notable events also involve legal incidents. The SEC reached a $123 million settlement with a crypto firm 2.5 years after Terra and Luna's collapse. Consequently, Terra Luna's founder Do Kwon could be extradited to the US to answer charges over the collapse. Despite the legal hurdles, Terra Luna Classic has been touted for a potential massive breakout, which may push its value to around $113. Curiously, Binance has announced its support for a major Terra Luna Classic upgrade.
The UST peg manipulations led to SEC charges against Jump Crypto. Amid these developments, there are also rumors about Terra Luna Resort's opening date being delayed at Universal Orlando Resort. Another significant development is the proposal for a Tax2Gas Upgrade that could prop LUNC's price back to $1. Reports also indicate that LUNC could be a significant player in the forthcoming bull run, but victims of the Terra Luna collapse are urged to file their crypto loss claims within one month. Binance's support for Terra Luna Classic's major upgrade and the unveiling of the Tax2Gas Upgrade could trigger an era of revival for LUNC.
Terra Luna News Analytics from Thu, 11 Apr 2024 07:00:00 GMT to Wed, 12 Feb 2025 06:04:39 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -1
