Terra - LUNATerra Luna Classic - LUNC

Terra Luna Classic Pump Coming? / Lunc Coin Up 154% / Crypto News Today

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Hello, welcome today We have news about Cryptocurrency. Terra Luna Classic Pump Coming? / Lunc Coin Up 154% / Crypto News Today I prepared it, have a good time 🙂

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In the past three months, the value of altcoin LUNC has increased 273% from $0.00007391 to $0.002756. In the last 24 hours, LUNC has gained 25% as the cryptocurrency continues to attract the attention of investors.

Lunc coin review.

The altcoin retains most of its gains and is currently sitting at $0.002587. Along with this price increase, altcoin trading volume also recorded a massive 164% increase in the last 24 hours, representing $573.2 million.

Lunc latest news.

This rally may surprise many who are not expecting positive price action from the token, given the low trading volume lately.

Terra Classic has become a community-led project after its massive collapse earlier this year. Community members are looking for ways to revive the value of LUNC by offering a range of initiatives.
As we reported earlier, the main plan is to reduce the total supply of Terra Classic. To do this, the network restarted staking as well as LUNC burn events.

Lunc future.

Initially, a 1.2% tax burning fee was applied to all LUNC on-chain transactions. As a result, many LUNCs were removed from circulation. Afterwards, the trading volume for the cryptocurrency dropped tremendously, enabling the community to reduce the tax burn rate to 0.2%. Multiple cryptocurrency exchanges have implemented the proposal on their platforms to help burn the altcoin LUNC. Interestingly, Binance has pushed LUNC burns higher by implementing a mechanism to burn fees from the token’s trading activities.

Luke is important.

Additionally, Terra Rebels, an independent development group focused on the Terra Classic revival, announced that the network is on track to become Cosmos Interoperable. This feature will be available in the Terra Classic v23 update scheduled for release next month. These developments have continued to push the value of LUNC to higher levels.

Other developments include reducing the excess supply of Terra Luna Classic (LUNC) and attempting to peg TerraClassicUSD (USTC) back to the dollar.

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