{"id":505714,"date":"2022-10-11T06:31:58","date_gmt":"2022-10-11T06:31:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=505714"},"modified":"2022-10-11T13:43:16","modified_gmt":"2022-10-11T13:43:16","slug":"terra-classic-notches-5-spike-in-last-24-hours","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/terra-classic-notches-5-spike-in-last-24-hours\/","title":{"rendered":"Terra Classic Notches 5% Spike In Last 24 Hours &#8211; Can LUNC Maintain Positive Momentum?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Terra Classic is showing some signs of life thanks to a system that is being implemented by leading cryptocurrency exchange platform, Binance.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Binance burns another 3 billion LUNC, brings total of burned units to 17.9 billion<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">LUNC briefly exhibits upward price rally, up by 5% in the past 24 hours at one point<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A 12% dip might bring Terra Classic price all the way to $0.00018<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">It can be recalled that on September 26, 2022, the company decided to burn all spot and margin trading fees on LUNC transactions by sending them to a specific wallet address.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This was Binance\u2019s response to the proposal of the Terra Classic community to maintain good trading experience for its users.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Since then, around 17.9 billion LUNC tokens have been burned. The latest process initiated by the crypto exchange led to the destruction of 3 billion units of the crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There was an apparent positive response to this development, as Terra Classic notches 5% spike in the last 24 hours. But can LUNC step up and gain more?<\/span><\/p>\n<h2><b>Not A Smooth Sailing For Terra Classic<\/b><\/h2>\n<p><span style=\"font-weight: 400\">It would appear the digital token failed to capitalize on what is now considered short-lived gain following another massive burning courtesy of Binance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">LUNC rice is now eyeing a 12% discount and investors are now wondering if they should buy the dip.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At press time, according to tracking from <\/span><a href=\"https:\/\/coincodex.com\/crypto\/terra\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coincodex<\/span><\/a><span style=\"font-weight: 400\">, LUNC is changing hands at $0.000277 and is now down by 7.55% for the past 24-hours as it quickly relinquished its 5% spike earlier.<\/span><\/p>\n<div class=\"related-reading-shortcode\" style=\"text-align: center\"><strong>Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/quant-price-watch-crypto-looking-at-20-rally-this-week\/\" target=\"_blank\" rel=\"noopener \">Quant Price Watch: Crypto Looking At 20% Rally This Week With This Pattern<\/a><\/strong><\/div>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-505715 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/c1-12.png?resize=718%2C293\" alt=\"\" width=\"718\" height=\"293\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/c1-12.png?w=718 718w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/c1-12.png?w=460 460w\" sizes=\"(max-width: 718px) 100vw, 718px\"><span style=\"font-weight: 400\">Source: TradingView<\/span><\/pre>\n<p><span style=\"font-weight: 400\">The recent Binance burn activity made buyers busy as they exerted effort in trying to rally the asset to continue its price recovery and close in on the $0.00036 resistance level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sellers, however, were quick to make their counter move by putting a lot of selling pressure. As a result, the LUNC coin once again exhibited bearish signals.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto could be looking at a 12% drop all the way to the $0.000271-$0.00026 demand zone. Failure to hold this level would mean significant price slashing, putting the asset\u2019s trading price to $0.00018.<\/span><\/p>\n<h2><b>LUNC\u2019s Lingering Struggles<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Over the past year, Terra Classic dealt with a lot of struggle. Aside from the given fact that it has been outperformed by heavyweights Bitcoin and Ethereum, it has also been outperformed by all of the top 100 crypto assets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It has also lost 100% of its all-time high value of $119.01 that was attained on April 5 this year and is sitting on a yearly inflation rate that is 1,534,969.16%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Its investors are currently pinning their hopes on the idea that LUNC is trading on Binance and is oversold and thus may rise soon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if the current burning mechanism being implemented by the crypto exchange doesn\u2019t successfully push the token\u2019s price, investors might start to move away from it no matter how much discount there is.<\/span><\/p>\n<div class=\"related-reading-shortcode\" style=\"text-align: center\"><strong>Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/solana-shines-in-trending-searches-in-last-7-days\/\" target=\"_blank\" rel=\"noopener \">Solana Shines In Trending Searches In Last 7 Days \u2013 But SOL Price A Different Story<\/a><\/strong><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/aS3zzcww\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">LUNC market cap at $1.7 billion | Featured image from Criptokio, Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Terra Classic is showing some signs of life thanks to a system that is being implemented by leading cryptocurrency exchange platform, Binance. Binance burns another 3 billion LUNC, brings total of burned units to 17.9 billion LUNC briefly exhibits upward price rally, up by 5% in the past 24 hours at one point A 12% dip might bring Terra Classic price all the way to $0.00018 It can be recalled that on September 26, 2022, the company decided to burn all spot and margin trading fees on LUNC transactions by sending them to a specific wallet address. This was Binance\u2019s response to the proposal of the Terra Classic community to maintain good trading experience for its users. Since then, around 17.9 billion LUNC tokens have been burned. The latest process initiated by the crypto exchange led to the destruction of 3 billion units of the crypto. There was an apparent positive response to this development, as Terra Classic notches 5% spike in the last 24 hours. But can LUNC step up and gain more? Not A Smooth Sailing For Terra Classic It would appear the digital token failed to capitalize on what is now considered short-lived gain following another massive burning courtesy of Binance. LUNC rice is now eyeing a 12% discount and investors are now wondering if they should buy the dip. At press time, according to tracking from Coincodex, LUNC is changing hands at $0.000277 and is now down by 7.55% for the past 24-hours as it quickly relinquished its 5% spike earlier. Related Reading: Quant Price Watch: Crypto Looking At 20% Rally This Week With This Pattern Source: TradingView The recent Binance burn activity made buyers busy as they exerted effort in trying to rally the asset to continue its price recovery and close in on the $0.00036 resistance level. Sellers, however, were quick to make their counter move by putting a lot of selling pressure. As a result, the LUNC coin once again exhibited bearish signals. The crypto could be looking at a 12% drop all the way to the $0.000271-$0.00026 demand zone. Failure to hold this level would mean significant price slashing, putting the asset\u2019s trading price to $0.00018. LUNC\u2019s Lingering Struggles Over the past year, Terra Classic dealt with a lot of struggle. Aside from the given fact that it has been outperformed by heavyweights Bitcoin and Ethereum, it has also been outperformed by all of the top 100 crypto assets. It has also lost 100% of its all-time high value of $119.01 that was attained on April 5 this year and is sitting on a yearly inflation rate that is 1,534,969.16%. Its investors are currently pinning their hopes on the idea that LUNC is trading on Binance and is oversold and thus may rise soon. However, if the current burning mechanism being implemented by the crypto exchange doesn\u2019t successfully push the token\u2019s price, investors might start to move away from it no matter how much discount there is. Related Reading: Solana Shines In Trending Searches In Last 7 Days \u2013 But SOL Price A Different Story LUNC market cap at $1.7 billion | Featured image from Criptokio, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":505717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,428,1119,1144,87163,6664,8686,86067,86254,4728],"class_list":["post-505714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-bitcoin","tag-btc","tag-btcusd","tag-burn","tag-crypto","tag-ethusd","tag-lunc","tag-terra-classic","tag-token"],"acf":[],"yoast_head":"\n<title>Terra Classic (LUNC) Notches 5% Spike In The Last 24 Hours<\/title>\n<meta name=\"description\" content=\"Terra Classic is showing signs of life thanks to a system that is being implemented by leading cryptocurrency exchange platform, Binance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/terra-classic-notches-5-spike-in-last-24-hours\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terra Classic (LUNC) Notches 5% Spike In The Last 24 Hours\" \/>\n<meta property=\"og:description\" content=\"Terra Classic is showing signs of life thanks to a system that is being implemented by leading cryptocurrency exchange platform, Binance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/terra-classic-notches-5-spike-in-last-24-hours\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-11T06:31:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-11T13:43:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/LUNC.png\" \/>\n\t<meta property=\"og:image:width\" content=\"602\" \/>\n\t<meta property=\"og:image:height\" content=\"336\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/terra-classic-notches-5-spike-in-last-24-hours\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/terra-classic-notches-5-spike-in-last-24-hours\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Terra Classic Notches 5% Spike In Last 24 Hours &#8211; 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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