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Binance Eliminates 4B LUNC Following Stellar 300% Terra RunTop crypto exchange Binance magnifies monthly Terra Classic burns by 5x. LUNC, USTC has hit triple-digit gains in the last 30 days to return to the TOP 100. Terra Classic community cheers Binance’s move, also asking to burn USTC. The 16th batch of Terra Classic’s trading fee burn on the world’s largest crypto exchange destroyed nearly four billion $LUNC tokens. The cryptocurrency burning upswing has planted optimism among Terra Classic community members, as the latest burning ceremony by Binance signifies a five-times increase since last month’s burn. Cumulatively, Binance had already contributed towards burning 43 billion Terra Luna Classic (LUNC) tokens, encompassing 52% of total burns. The latest burning transaction on December 1, 2023, sent 3,903,522,969 LUNC tokens to the bottomless pit. Ultimately, this leaves 6,824,412,252,043 $LUNC coins left in circulation. Enormous Gains for LUNC, USTC Amid Terra Chain Revival Compared to November’s burn, the huge difference between nearly four billion LUNC this month and the previous 778M LUNC trading fees burn comes from the increased trading activity on Binance Spot pairs. On top of that, Binance just added additional trading pairs for Terra’s OTC:USTC , causing even more excitement for Terra Classic holders Last week, as the Terra Classic community passed a crucial proposal to tackle the sequence mismatch issue when distributing validator commission, the embattled native coin of the Terra Classic chain surprisingly sparked by 300% upon approval. At the time of publication, the game-tested LUNC trades at $0.000147181 with 2% daily gains, according to CoinGecko. Meanwhile, Terra Classic USD (USTC) shocked the crypto community with an instantaneous run to four cents on November 27, 2023, later topping $0.072, the highest price of OTC:USTC since the horrendous Terra system crash in May 2022. At press time, OTC:USTC trades at $0.051, according to CoinGecko. Ultimately, November’s triple-digit run for LUNC and Terra Classic USD marks the most successful month for these altcoins since the de-pegging in 2022.
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by DEXWireNews
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LUNC : Riding the UST (HYPE) Wave! 🌊📈In the current crypto landscape, all eyes are on Terra Classic (LUNC), riding the waves of positive attention. Amidst the buzz, it's essential to navigate carefully, especially with its close ties to the crypto dollar, UST, striving to reclaim its 1-to-1 peg with the US dollar. Let's explore the dynamics of LUNC against the backdrop of these developments. Chart Analysis: Riding the UST Momentum LUNC is experiencing a remarkable surge, closely tied to the positive sentiments surrounding UST. This surge is not merely a reflection of technical indicators but is intricately woven into the narrative of the crypto dollar's revival. Key Observations: UST's Resurgence Impact: The surge in LUNC is notably synchronized with the efforts of UST to reestablish its 1-to-1 peg with the US dollar. Positive developments around UST create a favorable environment for LUNC. News-Driven Momentum: LUNC's recent price movements are significantly influenced by positive news and developments within the Terra ecosystem. News-driven momentum can create rapid and volatile market reactions. Critical Levels: Caution in News-Driven Markets Dependency on News Flows: LUNC's sensitivity to news events makes it crucial for traders to stay vigilant. Prices may experience sharp swings based on the unfolding narrative. Potential Scenarios: Navigating LUNC's Event-Driven Landscape Strategic Positioning: Traders should strategically position themselves, considering the potential impact of ongoing developments. Entry and exit points may be influenced by major news releases related to Terra and UST. Volatility Management: Due to the news-centric nature of LUNC's recent surge, managing volatility is paramount. Risk mitigation strategies become essential in navigating a market driven by external factors. Trading Strategy: Adapting to Dynamic News Flows For traders considering LUNC: News Calendar Awareness: Stay updated with the Terra ecosystem's news calendar to anticipate potential market-moving events. Technical Analysis Integration: Combine technical analysis with an understanding of news sentiment for a comprehensive trading strategy. Risk-Averse Approaches: Adopt risk-averse strategies, given the potential for rapid market shifts. Conclusion: Navigating the LUNC and UST Symbiosis LUNC's surge is emblematic of its symbiotic relationship with UST and the broader Terra ecosystem. While this presents trading opportunities, the close ties to news events demand a cautious approach. As the crypto community watches LUNC's ascent, traders are reminded to balance optimism with strategic risk management. 🚀 LUNC Analysis | 🌐 UST Peg Dynamics | 📰 News-Driven Market ❗See related ideas below❗ Share your insights on LUNC and UST, contributing to the collective intelligence of the crypto community. As LUNC continues its journey in the limelight, community-driven analyses enrich the understanding of its market dynamics. 💚🚀💚
by Yaroslav_Krasko
Binance Burns 4 Billion Terra Luna Classic (LUNC) TokensBinance burns almost 4 billion Terra Luna Classic (LUNC) tokens, with total LUNC burn by the community reaching 83 billion. The world’s largest crypto exchange Binance burns almost 4 billion Terra Luna Classic (LUNC) tokens in the 16th batch of the LUNC burn. With the latest LUNC burn, the total LUNC burn by the crypto exchange to date reaches more than 43 billion, 52% of the total tokens burned by the Terra Luna Classic community. Traders didn’t immediately respond to the Binance burn. Binance’s Net Terra Luna Classic (LUNC) Burn Reaches 43 Billion Crypto exchange Binance sent 3.90 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the transaction on December 1. Binance continues contributing to the community’s LUNC burn campaign to reduce the LUNC circulating supply after the exit of Changpeng “CZ” Zhao as Binance CEO. Notably, the 16th batch of the LUNC burn mechanism is for the period October 31 to November 29. With the latest burn, Binance has burned over 43 billion Terra Classic tokens from trading fees on LUNC spot and margin trading pairs. The community has burned nearly 83 billion LUNC tokens. In November, Binance burned 760 million Terra Luna Classic (LUNC) tokens, the lowest till now. The burn rate significantly declined amid FUD, reduced developer activity, and a fall in LUNC trading volumes on the exchange. However, the massive jump in trading volumes this week resulted in this huge LUNC burn the community hasn’t seen in the last few months. Binance launched a USTC perpetual contract and new USTC trading pairs FDUSD and TRY, which contribute massively to the exchange’s trading volume. Terra Luna Classic ecosystem tokens fell in the last 24 hours, with LUNC and USTC giving up some recent gains due to profit booking in the broader crypto market. However, LUNC price jumped 65% this week, with the price currently trading at $0.000142. The 24-hour low and high are $0.000114 and $0.000121, respectively. However, the trading volume has decreased in the last 24 hours. Meanwhile, USTC price rallied 350% this week, with the price currently trading at $0.051. The 24-hour low and high are $0.050 and $0.055, respectively.
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by DEXWireNews
LUNC/USDT Bullish Trajectory in the Spotlight? 👀 🚀LUNC💎 Paradisers, turn your attention to LUNCUSDT as it showcases a compelling performance in the demand zone, signaling a strong likelihood of breaking through its resistance level for an upward trend. 💎 Reflecting on its past behavior, LUNCUSDT has a consistent record of surmounting its descending trendline, leading to bullish movements. Currently, after facing a rejection at the resistance level of .9673, the odds are tilting in favor of a resistance breach. This is further bolstered by its recent sweep of buying liquidity, reinforcing its position in the demand zone and the potential for continued upward momentum. 💎 However, should LUNCUSDT falter in maintaining this upward trajectory and descend below the demand level of .7806, a bullish strategy from the support level may come into play. A break below this threshold could pave the way for short-selling opportunities.
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by MyCryptoParadise
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LUNC Price Could Continue Its Ascent Towards $0.0002LUNC recently managed to surpass the resistance level at $0.00011695 over the past few days and maintained its position above this threshold at the time of writing. If the altcoin can successfully conclude a daily trading session above this significant price level, it might establish a solid foundation for a potential advance towards the subsequent barrier. Under this optimistic scenario, LUNC could potentially embark on a path toward $0.00014915. This particular price point serves as the final major obstacle preventing LUNC from reaching the resistance level at $0.0002. Consequently, a daily closure above $0.00014915 may pave the way for a notable surge in the cryptocurrency's value, potentially reaching $0.0002 within the next two weeks. It's important to note that this bullish outlook could be invalidated if LUNC experiences a daily candle closure below $0.00011695 within the next 72 hours. Investors and traders should be aware that the probability of a temporary price retracement for LUNC has increased following its impressive 28.57% surge on Sunday and an 18.42% spike on Tuesday. Given these substantial price movements, it's possible that traders may soon decide to capitalize on their LUNC holdings by taking profits. In the event of a correction in the cryptocurrency's price, it's likely to test the critical support level at $0.00009905. However, despite the looming potential for a price decline, technical indicators on LUNC's daily chart continue to signal that its bullish momentum remains intact. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are displaying bullish signals. The MACD line is diverging upward from the MACD Signal line, indicating the possibility of ongoing positive momentum for LUNC. Simultaneously, the RSI line maintains a bullish position above the RSI Simple Moving Average (SMA) line, suggesting that buyers still hold a dominant position in the market.
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by StevenWalgenbach
2
lunc Strong Bearish after 87% Bullish movementLunc/usdt Strong Bearish divergence after 87% Bullish movement A bearish technical analysis suggests a potential downward trend in the price of a security or market. Several indicators and patterns can indicate a bearish market sentiment. Firstly, the price chart may exhibit lower highs and lower lows, forming a descending pattern. This pattern indicates that sellers are taking control, pushing the price lower over time. Additionally, the chart may show a series of lower highs, suggesting a weakening of buying pressure. Another bearish indicator is the moving average crossover. When a shorter-term moving average, such as the 50-day moving average, crosses below a longer-term moving average, like the 200-day moving average, it signifies a potential shift in the market sentiment to bearish. This crossover indicates that the recent price trends are weaker than the long-term trends. Furthermore, momentum indicators, such as the Relative Strength Index (RSI), can provide insights into overbought conditions. If the RSI reaches above 70, it suggests that the security is overbought and may be due for a downward correction. Volume analysis is also crucial in bearish technical analysis. Increasing trading volume during price declines indicates heightened selling pressure, further supporting the bearish outlook. Overall, a bearish technical analysis combines various indicators and patterns to suggest a potential downward trend. Traders and investors use these signals to make informed decisions about selling or shorting positions, taking advantage of the anticipated price decline. However, it's important to consider other fundamental and market factors to confirm the bearish outlook before making any trading decisions. everything on chart not financial advice
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by parsanaa
5
Why Is Luna Classic (LUNC) Price Skyrocketing Today?Luna Classic (LUNC) price has skyrocketed by 60% in response to strategic investment and USTC perpetual contract launch by Binance. The sudden upsurge witnessed in Terra Classic tokens in the last 48 hours is not the first time for the Terra ecosystem. The community-led Terra Luna Classic chain witnessed multiple revival efforts from introducing burning to inter-blockchain communication (IBC). LUNC price has skyrocketed by 60% in response to strategic investment and perpetual contract launch by Binance. Terra Luna Classic (LUNC) Gains 60% With multiple key proposals passed by the community and positive sentiment amid broader crypto market recovery, Luna Classic Labs purchased 25.6 million USTC worth about $500,000 as part of its treasury reserve policy at an average purchase price of $0.021 per USTC. Trader QT, a partner of Luna Classic Labs, stated this is an initial investment. It resulted in a 100% jump in USTC price, with the community noting a breakout above resistance. USTC witnessed a further pump as investors also poured money into USTC. It triggered an upside move in the Terra Classic (LUNC), with traders noting a massive increase in liquidity and trading volumes. Binance Futures launching the USD-M USTC Perpetual Contract with up to 50x leverage sparked further rally. USTC price climbed nearly 400% in two days. The announcement further raised community sentiment, while also speculating whether it was already known to some investors as the Terra ecosystem tokens witnessed sudden rallies. LUNC price also jumped and made a 60% gain amid the events. The price is currently trading at $0.000119. The 24-hour low and high are $0.0000787 and $0.0001256, respectively. Furthermore, the trading volume has increased by 1120% in the last 24 hours, indicating interest among traders. USTC price trades at $0.055, paring earlier gains to 191% in the past 24 hours. The 24-hour low and high are $0.015 and $0.068, respectively. The trading volume has also slid briefly after Binance’s USTC perpetual trading announcement.
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by DEXWireNews
Terra Luna Classic Proposal For v2.3.0 Upgrade Officially PassedTerra Luna Classic proposal for the v2.3.0 upgrade has been approved by the community through governance voting. The on-chain deployment of terrad client v2.3.0, also referred to as “v6” incorporates dynamic validator commission module. Traders reacted immediately to the passing of the proposal with LUNC price rebounding again. Terra Luna Classic Community Passes v2.3.0 Upgrade Proposal The Terra Luna Classic community has approved Proposal 11874 “Upgrade to v2.3.0”. The proposal aimed to introduce dyncomm module, integrating protocol logic for determining minimum validator commissions based on voting power. The scheduled upgrade height is 15493370, anticipated to happen on November 20 at 11.19 AM UTC, according to data by StakeBin. The proposal has received 93% “Yes” votes and 7% “Abstain” votes. It indicates the community has unanimously favored the proposal for dynamic validator commission. Among the 60 validators who participated in the voting, 58 validators have favored the proposal. This includes top Terra Luna Classic validators including All nodes, Interstellar Lounge, Happy Catty Crypto, Terra CVita, and Inter stake One. LUNC Price Surges LUNC price jumped 1% after hitting a 24-hour low of $0.000074, with the price currently trading at $0.0000758. Furthermore, the trading volume has decreased by 20% in the last 24 hours, indicating a decline in the interest of traders. LUNC price rebounded amid the market-wide recovery, up nearly 40% in a month. Meanwhile, USTC price trades at $0.013, up 20% in a month.
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by DEXWireNews
Terra Classic (LUNC) Monumental Price Surge.Terra Classic (LUNC) is currently showing promising signs of a substantial price breakout. With a 3D breakout pattern in progress, investors are eagerly anticipating a significant move that could potentially result in extraordinary gains. One of the standout features of Terra Classic’s recent performance is its commitment to following a consistent trend. Building on the momentum of previous breakouts, the cryptocurrency has maintained a steadfast trajectory towards its target price of $0.000593. This dedication to the established trend is a promising indicator for buyers. A Potential 720% Price Increase price surge for Terra Classic is a strong possibility of a remarkable increase of over 720%, which could translate to an increase of more than 8.1x in value. If this projection holds, it could bring substantial profits for those faithful to LUNC. Terra Platform’s Momentum Furthermore, Terra Classic’s performance reflects a broader trend within the Terra ecosystem. The Terra Platform, which Terra Classic is a part of, seems to be on the verge of a massive recovery. This resurgence could position Terra as a dominant force in the cryptocurrency market, ushering in a new era of innovation and market influence. A recovery from the surprising crash could be one of the most remarkable stories in the history of the crypto market. While the cryptocurrency market is known for its volatility, the forecasted monumental price increase for LUNC has generated significant excitement among investors and enthusiasts. LUNC is currently trading at 0.00009149, up 39.02% in the last 24 hours. The digital asset recently experienced a surge, after a major announcement from Binance.
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by DEXWireNews
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LUNc After First Successfull Trade, we Open Again another One. Let's embark on a thrilling journey through the intricacies of LUNCUSDT! 🚀 Join me as we dissect its price movements, uncover potential patterns, and reveal the hidden gems that could drive your crypto portfolio to new heights. Get ready for an in-depth analysis that's packed with insights and tailored just for you Welcome to my channel! Dive into the world of cryptocurrency with daily technical analysis, where we explore the latest market trends and uncover potential opportunities. From Bitcoin to a wide range of altcoins, I'm here to provide you with valuable insights and predictions to empower your investment decisions. Please remember that crypto technical analysis is a powerful tool, but it's not infallible. It's essential to consider a holistic approach to your investments, taking into account factors like overall market trends, economic conditions, and information dissemination. This channel is dedicated to expanding your knowledge and fostering meaningful discussions. Join me for the most up-to-date analyses, and don't forget to engage in the conversation in the comments section below! Remember, this content is for informational purposes only and should not be considered financial advice. Always use it as a part of your broader investment strategy."
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by MoonTradingForecast
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🔥 LUNC Falling Wedge Break Out: Short-Squeeze Potential! LUNC has been massively shorted over the last year, and with good reason, since the token is practically dead. However, this amount of shorting poses a risk for the bears. If we get more bullish price action in the near future, the amount of shorts being squeezed (liquidated) could result in a huge bullish move upwards. For now it's just speculation, but it's certainly a possibility. At the moment, I'm looking at the 1-year falling wedge pattern that has just broken bullish. This is the best case for the bulls in at least a year, very interested where this break out will bring us!
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by FieryTrading
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LUNC Growth Spurt: Buy Your Ticket to Profit!"Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
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by MoonTradingForecast
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