• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Meta-Stadiums and MeetKai Partner for ‘Premier Soccer Universe’

2023-12-06

Notorious B.I.G’s Virtual Experience Debuts on The Sandbox Metaverse

2023-12-05

Finland’s Vision for Metaverse Leadership by 2035

2023-12-04
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Meta-Stadiums and MeetKai Partner for ‘Premier Soccer Universe’

    2023-12-06

    Notorious B.I.G’s Virtual Experience Debuts on The Sandbox Metaverse

    2023-12-05

    Finland’s Vision for Metaverse Leadership by 2035

    2023-12-04

    Bored Apes’ Metaverse Band KINGSHIP Brings Music to Roblox

    2023-12-01

    EU Sets Sights on Active Role in Virtual World Creation

    2023-11-29
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Ripple files motion to block SEC appeal attempt

    2023-09-04

    JP Morgan believes SEC will be forced to approve ETFs after losing case against Grayscale

    2023-09-03

    Ripple Files Motion To Oppose SEC Appeal Over Landmark XRP Ruling

    2023-09-03

    U.S. SEC Punts on Bitcoin (BTC) Spot Exchange-Traded Fund Approvals, Delays Decisions Until October

    2023-09-02

    Navigating the significance of legal opinions in the crypto sphere

    2023-09-02
  • Learn

    How to Spot, Report, and Avoid – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-12-01

    Is Bitcoin Halal? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-17

    Ordinals (ORDI) Price Prediction – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-17

    Best GPUs for Mining Crypto in 2023. Overview of The Top Graphics Cards

    2023-11-17

    A Detailed Exploration – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-07
  • Market Cap
CryptoNewsMetaverse
Home»Altcoins»Terra Classic (LUNC) Price Soars 20%, More Rally Ahead?
Altcoins

Terra Classic (LUNC) Price Soars 20%, More Rally Ahead?

2022-12-28No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Terra Classic (LUNC) price rallied 8% in an hour on Tuesday to record an almost 20% upside move in the last 24 hours. The LUNC price even continues to outperform Bitcoin, Ethereum, and other altcoins in the last few days.

Terra Classic has reclaimed the $1 billion market cap. Moreover, the 24-hour trading volume has increased by over 165%, which validates the breakout is genuine.

Terra Classic Price Skyrockets 20% in 24 Hours

The Terra Classic price continues to move higher after it fell to $0.0001269 last week. Since then, the LUNC price has rebounded nearly 50%. The market sentiment shifts from selling at highs to buying at dips.

In the last 24 hours, the Terra Classic price recorded over 20% upside move by building momentum from earlier gains. It has now breakout above the strong resistance at $0.00016 to hit a high of $0.0001848.

As reported earlier by CoinGape, the rally is the result of a breakout above the 3-month descending channel on December 24. Thus, this breakout signals an early sign of price recovery if the prices show sustainability above the breach trendline.

Terra Classic (LUNC) Price
Terra Classic (LUNC) Price. Source: TradingView

The RSI jumped above the neutral line to 62 and also reflected the market sentiment supported by the potential price growth. Thus, the LUNC price trend is showing strength and can likely have more upside momentum.

Moreover, the 20-EMA (red) looks to move upwards and likely cross the 50-EMA (blue). It will confirm more upside move for Terra Classic (LUNC) price as traders will turn bullish. However, a move above $0.00020 is expected to happen due to a lack of strong resistance.

Read More: Will LUNC’s Ongoing Recovery Reach A High Of $0.0002?

Contribution of LUNC Burns and Proposals

The Terra Classic community has passed Proposal 11111 “Repeal Proposal 10983.” The proposal aims to repeal Proposal 10983, which increased funding for the community pool with 50% of the 0.2% burn tax instead of 10% for on-chain development.

Terra Classic core developers Edward Kim and Tobias “Zaradar” Anderson have submitted Proposal 11168 to work on L1 developments on the Terra Classic blockchain.

The total LUNC burned has reached over 36.5 billion LUNC tokens. The community, excluding Binance, has burned over 80 million LUNC tokens in December.

Also Read: Terra Classic Community Passes Crucial Proposal, Is LUNC Price $0.0005 Next?

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Source link

Ahead Classic LUNC Price rally Soars Terra
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ordinals (ORDI) Price Prediction – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-11-17

Neutron (NTRN) Price Prediction 2023 2024 2025

2023-10-27

Terra Virtua, The Famous Metaverse Platform, Rebrands as Virtua

2023-10-05

SingularityNET (AGIX) Price Prediction 2023 2024 2025

2023-09-18
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Stablecoin-Issuer Tether ‘Holds Firm’ on Not Freezing Tornado Cash Addresses – Here’s Why

2022-08-25

USDT market cap up by $2 billion following Tornado Cash debacle

2022-08-17

ETH gas price surges as Yuga Labs cashes in $300M selling Otherside NFTs

2022-05-01

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Meta-Stadiums and MeetKai Partner for ‘Premier Soccer Universe’

2023-12-06

Notorious B.I.G’s Virtual Experience Debuts on The Sandbox Metaverse

2023-12-05

Finland’s Vision for Metaverse Leadership by 2035

2023-12-04
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$33,871.002.60%
  • ethereumEthereum(ETH)$1,782.861.16%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$225.48-1.17%
  • rippleXRP(XRP)$0.562.46%
  • usd-coinUSDC(USDC)$1.00-0.08%
  • Lido Staked EtherLido Staked Ether(STETH)$1,777.130.83%
  • SolanaSolana(SOL)$30.17-5.84%
  • cardanoCardano(ADA)$0.278897-0.24%