Coinbase Considers Relisting Terra Luna Classic, Community Optimism Grows π
If you’ve been following the latest news in the crypto world, you may have heard about Coinbase’s potential relisting of Terra Luna Classic (LUNC). This development, reported by Crypto X, has sparked optimism within the LUNC community, with many predicting a positive impact on the token’s price. Here’s a breakdown of what you need to know:
Coinbase Relisting Sparks Community Craze π₯
– Community members, including prominent figures like @MrDiamondhandz1, have shared the news of LUNC’s availability for trading on Coinbase Wallet.
– This move by Coinbase Wallet, which seems to favor LUNC over Terra Luna (LUNA), hints at a potential relisting of LUNC in the near future.
– The saga began in 2022 when Terra Luna (LUNA) and its algorithmic stablecoin, TerraUSD, faced a severe crisis, resulting in LUNA’s delisting from multiple exchanges and causing investors significant losses exceeding $60 billion.
– In response, Terraform Labs, under the leadership of Do Kwon, forked the original chain, preserving the Terra (LUNA) brand while rebranding the original chain as Terra Luna Classic (LUNC).
– Despite the challenges post-collapse, the LUNC community has remained steadfast in their support for the project. The potential relisting on Coinbase could signal better days ahead for the token.
Crypto Community Reacts π
– The news of Coinbase’s consideration to relist Terra Luna Classic has spurred a bullish sentiment among the crypto community, with LUNC’s price surging by 1.10% in the last 24 hours to reach $0.0001054.
– This upward momentum aligns with other positive developments within the LUNC ecosystem, such as discussions around engaging Allnodes as an official organization to manage the endpoint for circulating supply.
– Meanwhile, the price of USTC has experienced a 2% decrease in the last 24 hours, now standing at $0.0227, with a 24-hour low of $0.02233 and a high of $0.02389.
Closing Thoughts on the Coinbase Relisting News π
As the crypto market continues to evolve, news of potential relistings like Terra Luna Classic on Coinbase can have a significant impact on investor sentiment. Keep an eye on how this story unfolds, as it could pave the way for a new chapter in the journey of Terra Luna Classic and its community. π
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