Terra Classic Value and Token Burn
Recently, the value of Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, settled at $0.000064. Binance burned 760 million Terra Classic tokens, accounting for 50% of October’s trading fees worth $47,465. Binance has contributed a total of $2.47 million to the LUNC burn campaign and there is a proposal to extend support to TerraClassicUSD (USTC), the ecosystem’s stablecoin.
Predicting Terra Classic’s Price
Using machine learning algorithms from PricePredictions, Finbold anticipates that the price of LUNC will remain relatively stable by the end of November. The current value of $0.000064 is expected to increase marginally to around $0.000070.
Terra Classic Chart Analysis
LUNC is currently trading at $0.000064 with a 0.64% increase in the past 24 hours, recovering from a negative week. Over the span of 30 days, LUNC has experienced a positive change of 9.40%. However, it is important to note that LUNC is trading below its all-time high and 200-day moving average. Additionally, LUNC has been outperformed by 99% of the top 100 digital assets over the course of a year.
Hot Take: Terra Classic’s Stability and Performance
Terra Classic (LUNC) has shown stability in its value and experienced positive changes in recent times. Despite being below its all-time high and trailing behind other digital assets, LUNC has demonstrated resilience in the market. With Binance’s continued support and token burns, it remains to be seen how LUNC will perform in the future.
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