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Information about Terra Classic (LUNC)
Terra Classic (LUNC) is a governance token operating in the Terra Classic platform (Formerly known as Terra). Terra Classic is a blockchain network that provides the foundational building blocks for a new digital economy with a stablecoin protocol, an oracle system, smart contracts, and a plan for mass adoption. Terra Classic (LUNC) token is named to distinguish it from a new chain called Terra 2.0 and the LUNA coin.
After the attack resulted in the loss of all LUNA and UST values, Terra maintained the network and changed its name to Terra Classic. All circulating LUNAs are converted to Terra Classic (LUNC).
News
Terra Classic (LUNC) exhibits positive trading momentum, increasing by 2.20% weekly. A trading volume of approximately 23,876,010 USD indicates heightened market interest. Traders remain cautious yet optimistic, closely monitoring resistance and support levels.
LUNC holds a market cap of roughly 614,461,915 USD with a circulating supply of 5.5 trillion tokens. The recent responses to price consolidation patterns may signal bullish Movement, relying on key support levels for potential recovery.
Upgrade details from Binance: Binance will support the Terra Classic (LUNC) upgrade on December 17, 2024, starting at block height 21,163,600. It will temporarily suspend deposits and withdrawals at 14:57 UTC to ensure a smooth transition.
User experience remains uninterrupted: Trading on the Terra Classic network will not be interrupted during the upgrade. Users don’t need to take any actions as Binance guarantees the management of all technical arrangements.
Synthetix’s bullish momentum: Synthetix has recently broken free from a three-year price constraint, reaching highs of 3.67 USD. Currently trading at 2.80 USD, it shows potential for a 32% increase, with strong support at 2.43 USD.
Terra Classic’s recovery indicators: Terra Classic also exhibits strong recovery signs after bouncing off its support level of 0.0001150 USD. Trading now at 0.0001277 USD, it could retest its peak, indicating an upside potential of 41%.
Singapore-based Terraform Labs and its founder, Do Kwon, have reached a settlement agreement with the SEC to end the civil lawsuit filed in the US over allegations of defrauding crypto investors.
The development comes after a jury in the US District Court for the Southern District of New York found the company and Kwon liable for civil fraud in April.
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