Why Investing In Terra Classic (LUNC) May Be A Bad Idea
The value of Terra Classic (LUNC) had plunged to below zero following the largest crash ever seen in the crypto space. The cryptocurrency had refused to ‘die’ and has instead found favor among crypto investors who are trying to make a quick buck from the highly volatile cryptocurrency. However, even with multiple pumps, investing in LUNC may not be as good an investment as some users expect due to a number of factors. Uncertainty In Terra Camp After the crash of the Terra network that caused users to lose billions of dollars, Terra founder Do Kwon and others had gone on to make another....
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Terra Classic is in the midst of a major price pump with investors bullish on the prospect of the coin reaching levels the old Terra reached before its dramatic collapse at the start of the year. Terra Classic (LUNC) was up at a peak price of 19% in the last 24hrs, with volume reaching almost […]
The hype around Terra Classic's staking service and new token-burning feature is helping fuel the LUNC rally. Terra Classic (LUNC) has outperformed all top-ranking cryptocurrencies so far in September gaining nearly 100% in the past seven days alone.Terra Classic outperforms crypto marketThe token surged more than 250% month-to-date to reach $0.000594 on Sep. 8, its best level on record. Whereas Bitcoin (BTC), dropped 4%, and Ether (ETH) gained only 3.5% in the same period.The profits in the Terra Classic market appeared despite its association with the defunct Terra (LUNA) token, a $40....
The Terra community has initiated crucial proposals that could revive the cryptocurrency by bringing new changes to the Terra Classic ecosystem. With the voting process still ongoing and community feedback highlighting a potentially positive outcome, the price of LUNC, the native token of Terra Classic, has seen a major uptick. Terra Community Set To Pass […]
Terra Classic (LUNC), recognized as what remains of the Terra project that experienced one of the biggest collapses in crypto space to date, crashed and burned in its attempt to have a bullish momentum. It can be recalled that Binance implemented a “burn” mechanism to deal with the excessive supply of the digital asset to […]
Terra classic rose by over 40% on Monday, as markets reacted to the news that founder Do Kwon was wanted by Interpol. Cosmos also traded higher, rebounding from recent declines.
Terra Classic (LUNC)
Terra classic was one of Monday’s most notable movers, as the token rose by over 40% to start the week.
Following a low of $0.0001825 on Sunday, LUNC/USD rose to an intraday peak of $0.0003272 earlier today.
The move came following news that Interpol had issued a red notice for Terraform Labs co-founder Do Kwon.
Looking at the....