Big moves happening with LUNC!
The network just rolled out a slick Tax2Gas upgrade, making fees more efficient based on usage. Binance is also keeping the burn alive, with over 64 billion LUNC tokens burned so far to help shrink the supply.

Plus, there’s a fresh push to burn USTC linked to old Mirror Protocol wallets, aiming to revive the original $1 peg.

Think this will give LUNC the boost it needs? Let’s hear your thoughts!
#LuncReachOneDollar #LUNCcommunity #LUNCBurning

Why I am Super Bullish on LUNC?
1. It’s extremely low price
2. It follows $BTC movement perfectly
3. Have a great community and it’s growing organically
4. World largest exchange #Binance burns only $BNB AND $LUNC
5. It’s fast, secure and cheapest of all blockchains in the world.
If haven’t bought a bag of LUNC then do it now.
#LUNC #LUNCBurning #USTC #BNB

$LUNC need 1 Trillion burned #LUNCBurning

biggest bull of 2024 is on #Write2Earn
#LUNCBurning $LUNC $LUNA $BTTC

🔥 Terra Luna Classic (LUNC) Token Burn Hits 100 Billion as Binance Destroys 2.1 Billion Tokens - A Crypto Game-Changer!

In a monumental move, Binance has torched 2.1 billion Terra Luna Classic (LUNC) tokens in its 18th burn, bringing the total to a staggering 51.27 billion.

This relentless effort aims to slash the circulating supply, propelling LUNC towards the remarkable 100 billion milestone.

January witnessed a surge in burn rates, with Binance incinerating 5.57 billion LUNC tokens. This spike coincided with heightened trading volumes, fueled by new perpetual contracts and trading pairs. Collaboratively, the community torches an average of 600 million LUNC tokens weekly.

Despite the burning fervor, challenges persist as LUNC and USTC prices face pressure. LUNC dipped 7% to $0.00009444, while USTC held steady at $0.02409.

Liquidations hint at shorting activities, yet the community remains bullish, anticipating a resurgence amidst broader market optimism and the looming Bitcoin halving.

#LUNC #TradeNTell #Write2Earn #BinanceBurn #LUNCBurning $LUNC $SOL $BTC

#LuncToTheMoon #
#Luna/usdt #LUNCBurning $

Terra Luna Classic (LUNC): Top 5 Reasons Why LUNC Price Could Reach $1 in 2024

 Posted On February 4, 2024 8:22 am Prasanna Peshkar



Despite a challenging period, Terra Classic (LUNC) is showing signs of a potential turnaround as the broader crypto market experiences a bullish resurgence. The recent pause in its decline suggests that Terra Classic might be gearing up for positive momentum after a period of challenges. Let’s take a look at the top 5 potential reasons why LUNC price could reach $1 in 2024.

Contenu [cacher]

1 How has the LUNC price moved in the recent days?

2 Why is the LUNC price UP?

3 Reasons Why LUNC Price Could Reach $1 in 2024

4 Buy Cryptos with Bitget with the CHEAPEST Fees

How has the LUNC price moved in the recent days?

LUNC/USD Daily Chart- TradingView

LUNC is cruising at $ 0.000106 right now, with a decent trading volume of $ 114.58M and a market cap of $ 613.09M. In the past 24 hours, it’s seen an 11.16% bump.

Flashback to Apr 5, 2022 – that was Terra Classic’s golden moment when it hit an all-time high of $ 119.01. But, hey, we’ve all had our low days, and May 13, 2022, was one for LUNC, hitting its all-time low of $ 0.00001651. The sentiment vibes are a bit bearish at the moment, scoring 60 on the Fear & Greed Index (yep, greed’s in the air).

With 5.78 trillion LUNC out of the max 6.88 trillion in circulation, Terra Classic’s been on a -3.52% yearly supply inflation rate, cooking up -210.78 billion LUNC in the past year. 

Why is the LUNC price UP?

Binance just lit up the burn scene by torching 2.1 billion Terra Luna Classic (LUNC) tokens. They tossed ’em into the burn address terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu in a fiery transaction on January 1. 

This marked the 18th round of the LUNC burn strategy, covering the period from December 31 to January 30. The burn-o-meter hit 51.27 billion Terra Classic tokens so far, all sizzling from trading fees

🔴 URGENT EVENT

Binance Just BURNED 5.6 Billion$LUNC the pump is on babyyyy🔥

Please share and follow for more news 🚀

All The Best 💰

#LUNCBurning #thankyou_binance #TerraClassic

I am confident $LUNC is going to $0.10! Do you agree? 🚀🚀

#LUNC🔥 #LUNCBurning #TrendingTopic #Launchpool #LUNA

$LUNC #LUNC community
#LUNC/USDT
#LUNCBurning
#LuncArmy 💰💲🚀💢💥💯♨️🔥

#LUNCRecovery
LUNC, USTC Price Jump 10% As Binance Burns 1.14 Billion Terra Luna Classic

The world’s largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices. Besides, the latest LUNC burn frenzy by the leading exchange has also fueled investors’ sentiment, who are anticipating a further rally in the crypto’s price.
#LUNCBurning
The burning mechanism has fueled market optimism, sparking a rally in both LUNC and USTC prices. During writing, LUNC price traded at $0.00009723, after touching a high of $0.00009944 in the last 24 hours.

Simultaneously, the USTC price exchanged hands at $0.02433, while its trading volume jumped 65% to $93.54 million. Notably, the crypto has touched a high of $0.02535 in the last 24 hours, indicating the growing confidence of the market towards the crypto. In addition, a recent LUNC price analysis hints at a potential 40% rally following the latest Binance burn.

Luna Classic Burn: How Many LUNC Have Been Burned So Far?

The Luna Classic burn mechanism is a community-driven initiative aimed at reducing the circulating supply of LUNC tokens. This deflationary measure is intended to increase the value of LUNC by making it more scarce.

As of October 31, 2023, a total of 76.3 billion LUNC tokens have been burned. This represents approximately 0.5% of the total LUNC supply.

The majority of LUNC burns have been conducted by Binance, the largest cryptocurrency exchange by trading volume. Binance has burned over 40 billion LUNC tokens, accounting for over 50% of all tokens burned.

Other exchanges and projects have also implemented LUNC burn mechanisms. For example, the Terra Rebels community has burned over 1 billion LUNC tokens.

The Luna Classic burn mechanism is still in its early stages, and it is too early to say what impact it will have on the price of LUNC. However, the community is hopeful that the burn mechanism will help to restore LUNC's value and make it a more attractive investment.

What is the future of LUNC burning?

The future of LUNC burning is uncertain. The community is still debating the most effective way to implement the burn mechanism. Some members of the community believe that Binance should burn a larger percentage of its trading fees. Others believe that the community should focus on developing other deflationary measures, such as staking rewards.

Despite the uncertainty, the community is committed to continuing the LUNC burn. The community believes that the burn mechanism is essential to LUNC's long-term success.

Conclusion

The Luna Classic burn mechanism is a complex and controversial issue. However, the community is united in its belief that the burn mechanism is necessary to restore LUNC's value. The future of LUNC burning is uncertain, but the community is committed to continuing the process.

#LUNCBurning
#lunac
#Remotecrypto