Cryptocurrency News
In the past few weeks, the Terra ecosystem has demonstrated impressive performance, outshining broader market trends with significant gains. During November, Terraform Labs, overseeing Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) altcoins, distributed over $17 million across various liquidity pools. This strategic move, including allocations like $1.5M for LUNA/axlUSDC, $1M […]
Recently, Binance, the world’s leading cryptocurrency exchange, executed the 16th batch of Terra Classic ($LUNC) burning. This resulted in the incineration of a staggering notable 3.9 billion LUNC tokens. This event, the first burn since the departure of former CEO Changpeng Zhao, has triggered remarkable shifts in the $LUNC market. […]
Luna Classic advanced bullish this week following a strong rebound last Thursday. While the price remains strong on a daily, it looks highly volatile across major timeframes following a huge gain in the past week. Lunc started to show signs of strength after establishing support at $0.000055 in October. Following […]
Recently, Binance, the world’s largest cryptocurrency exchange, unveiled the USD-M USTC Perpetual Contract with 50x leverage on November 27 via Binance Futures. The contract commenced trading at 12:30 UTC, creating ripples of anticipation and excitement within the crypto community. Notable Price Impacts of the Announcement The official announcement by Binance […]
After staying in the middle of consolidation for months, Luna broke out overnight and rallied heavily near $0.9. The sudden price movement has brought the price out of the short-term bearish zone. Luna halted bearish two months ago after locating solid ground at $0.39 in August. After that, it consolidated […]
While most altcoins have shed losses in the past week, Luna Classic‘s price has recovered by 7% at the time of writing. Due to this increase, it has continued to hold support above a long-term level of $0.00016. However, the trend remains bearish on a higher time frame. LUNC has […]
Terra classic continues to follow bearish sentiment after the token recorded a massive gain in September. It has recently remained boring as trading volumes continue to decrease daily. The bulls appeared to be showing interest following a breakout from the ongoing bearish structure. So far, Lunc is yet to make […]
The past few months have been quite indecisive in the cryptocurrency market as Bitcoin ranges between $18500 and $20500. Most altcoins have witnessed a substantial loss during this side-way trend, including the Luna Classic – LUNC – which is now down by -3% in the past 24 hours. Following the […]