• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
LUNA Classic (LUNC)

Terra Classic (LUNC) Beats The Odds With 16% Rally, More Gains Ahead

Best Owie by Best Owie
3 months ago
in Terra (LUNA)
Reading Time: 3 mins read
Advertisement

Terra Classic (LUNC) continues to show strength in the market despite losing over 99.9% of its value about 8 months prior. The digital asset which has now been reduced to the meme coin level still produces massive gains. Presently, LUNC is seeing double-digit gains even at a time when the majority of the market remains muted in terms of price performance.

Terra Classic Pulls Big Gains

Terra Classic (LUNC) saw a massive rally on Boxing Day that solidified massive gains for investors. Over the last 24 hours, LUNC has been able to rally more than 16% and has successfully broken resistance at the $0.00018 price level. 

The price recovery follows a return of positive sentiment in the community as a new developer task force called the “Joint L1 Task Force” has proposed to build a Layer 1 Terra Classic blockchain. This comes as the community looks to move on from “Terra Rebels,” the first LUNC developer task force that is now plagued by various accusations. The community has already called for a return of $150,000 that was allocated to the task force previously.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!
Related Reading: Bearish Indicator: Bitcoin Volatility Hits All-Time Low

In addition, the Terra Classic community has also voted in favor of Proposal 11111. This proposal reduces the allocation of burned LUNC tokens within an epoch to the community to 10%, revoking the 50% that was previously proposed in Proposal 10983. This effectively reduces the number of tokens that would be brought back into circulation after being burned.

LUNA Classic (LUNC) price chart from TradingView.com

Terra Classic price jumps above $0.00018 | Source: LUNCUSD on TradingView.com

The proposal passed with 83.35% of votes being in favor and only 11.31% being against. The excitement from this news has also contributed to the rally in the price of the digital asset.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

More Gains For LUNC?

Terra Classic (LUNC) is currently sitting at the top of the list of top gainers on Coinmarketcap over the past 24 hours. With an approximately 17% jump in the last day, the digital asset defies a market that has seen slow movement, especially with bitcoin volatility dropping to all-time lows.

LUNA Classic (LUNC) tops list of gainers

Terra Classic tops lists of gainers | Source: Coinmarketcap

LUNC, on the other hand, tends to thrive in times like these. This is because, with the low momentum, larger assets such as bitcoin and ethereum are unlikely to move much, but with low-price cryptocurrencies such as LUNC, it presents an opportunity for investors since it is easier to move the needle. Couple this with the recent rise in positive sentiment in the community and it is a recipe for success.

Related Reading: Litecoin (LTC) Tops List Of Christmas Gainers, Is $100 Still Possible?

Its price has now reached its second-highest level for the month of December after successfully touching above $0.00018 in the early hours of Tuesday. If the momentum holds, then the cryptocurrency will see $0.0002 before the end of the day.

LUNC was changing hands at $0.0001801 at the time of this writing, according to data from Coinmarketcap. Trading volume is up 157% in the last 24 hours and is sitting at $239.8 million.

Featured image from Criptokio, chart from TradingView.com
Tags: LUNCLUNC performanceLUNC priceTerraTerra Classic
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Best Owie

Best Owie

Related Posts

Terra Classic (LUNC)

KuCoin Stakes 47.9 Billion LUNC Tokens, Good News For Holders?

1 month ago
terra luna classic news LUNC

Terra Classic (LUNC) Crashes 11% After This Binance Change

3 months ago
Coinbase Terra Luna Classic

Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC

3 months ago
Terra

Terra Classic Surges By 17%; Korean Prosecutors Seek Arrest of Co-Founder

4 months ago
NYDIG, two people in front of a whiteboard

NYDIG Analyzed The FTX Collapse And Its Implications. What Did We Learn?

4 months ago
Armageddon Bitcoin

Terra Community Burns 25 Billion LUNC Tokens, Will It Reach The Highs?

5 months ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Whatever Happened To Bitcoin Cash? – Learn Why Avorak AI and Other AI Crypto Are Surging

March 24, 2023

Avalanche Price Prediction: are AVAX and TOADS ready to 10X?

March 24, 2023

Litecoin (LTC) and Dogecoin (DOGE) Drowning in Controversy While TMS Network (TMSN) Steals the Show

March 24, 2023

The Best Altcoins To Get In Early 2023: TMS Network (TMSN), TRON (TRX) and Mask Network (MASK)

March 24, 2023

The Web3.Conference will gather Web3 builders & creators this May in Amsterdam

March 24, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.