Over the last 48 hours, there has been an upswing in the prices of LUNC, USTC, and even LUNA.
With an overwhelming majority of expert validators approving the proposal, the Terra Luna Classic community has voted in favor of pausing USTC minting by raising the Tobin tax to 100%. To steer the Terra Luna Classic chain and LUNC token back on course, various initiatives have been introduced by the community and developers in response to proposal 11868, titled "Fulfill prop #11784 by disabling USTC minting via raising Tobin tax to 100%."
The recent uptrend in LUNC, USTC, and even LUNA over the past 48 hours has been notable.
The proposal's objective is to prevent the further creation of USTC by suggesting a Tobin tax increase to 100%. The vote on this proposal was nearly unanimous, securing a 98.95% approval from expert validators, with 50 out of 55 validators endorsing the measure. This marks a rare instance where all validators, including major ones like Allnodes and Interstellar Lounge, have unanimously supported a proposition, breaking a trend that persisted for months.
In response to the 2022 Terra-LUNA crisis, the mechanism enabling LUNC swaps for other cryptocurrencies through the market module was deactivated. This effectively halts any ongoing market trading or coin minting on Terra Classic. Additionally, users will no longer have the option to exchange USTC for other stablecoins to prevent USTC burn during swaps. However, the plan does not impact coin trading on decentralized exchanges like Terraswap, where existing pairs remain unaffected.
The market response to these developments reflected in the surge of LUNC price to $0.000095, although it faced a brief retracement. At the time of writing, LUNC is trading at $0.00008396, accompanied by a notable 34.56% increase in trading volume over the last day. The current price appears to be consolidating, suggesting a potential breakout in either direction.
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The company Terra Classic (LUNC) is releasing a new version of the new version at a target price of $0.01, a demo version of the multi-promo app, and a million LUNC tokens on the market. What is the world? A long-time user of CruptoBull, which is a member of the LUNC group, stated that the digital asset cannot be changed to the background of increasing the amount of LUNC and staking. Note that, in the period from January 17 to January 24, 1,117,048,514 tokens were withdrawn from the community. Tokens of cojjyonx will be trading for fire or period. 7,197 billion LUNCs. Statistics show that the possibility of staking coins increases by 14.95% and leads to the development. This Terra Classic Stakebin is supported by the website LUNC.Kpome. Yes, the Stakebin statistics show that in the last 24 hours, 25,961,527 tokens have been sold. However, Stakebin's data is displayed as active tokens are distributed directly. 5,660,701,679 LUNCs were created on January 1st, 2016. Other YouTube videos for LUNCs, including live data, shows, and free downloads, are 95 million. LUNC. This is a tactic, and it is expected that the next week will be an increase of 100 million, which will be the reason for the change in Binance.Given the increased LUNC burning activity, members of the community are increasingly confident that a rise to $0.01 is becoming more realistic. Currently, LUNC is trading at $0.000102 with an increase of 1.5% over the last 24 hours. To increase to $0.01 from the current price, an increase of 9810% will be required.$LUNC #lunc #lunaclasic

LUNC and USTC backed by the Terra Classic community showcased gains following 800 million USTC burn proposal and Fed announcement.The cryptocurrencies backed by the Terra Classic ecosystem, LUNC and USTC, recently amassed noteworthy attention among crypto market fanatics as the tokens showcased significant upward market trajectories on Thursday. Moreover, the rise in prices comes amid the proposal of burning of USTC, stirring speculations across the broader crypto market.Intriguingly, the price surge also comes amid a recent fed announcement, boosting traders’ confidence.However, in contrast to the price drop witnessed by the Terra Classic-backed tokens in recent days, the announcement of unchanged interest rates accompanied by a colossal burn proposal appears to have jacked up the LUNC and USTC prices.Why The Price Upswing?The price upswing witnessed by USTC is primarily attributed to the recent proposal of burning 800 million USTC tokens via Lunanauts, Terra Classic Luna validators. This comes as an effort by the Terra community to build further support for their token, as the price dropped significantly recently.In addition, another chronicle appears to have bolstered the price pump witnessed by the Terra Classic tokens.Amid the U.S. Federal Reserve’s recent announcement of unchanged interest rates for the three times consecutively, traders’ and investors’ confidence in the crypto market appears to have skyrocketed. Concerning this, the LUNC price and the USTC price seem to have soared today.LUNC and USTC Price AnalysisAs of writing, the LUNC price noted a jump of 3% over the past day, currently trading at $0.0001741. However, the token seems to have amassed bearish sentiments following its price-down surge over the past week. In contrast to the past week’s fall, the token’s surge today appears to have caught the eyes of crypto traders globally.Moreover, even the USTC price recorded a marginal jump of 0.53% in the past 24 hours, currently resting at $0.03967. Concurrent with the LUNC’s price drop over the past week, the USTC price also appears to have mirrored the fall, down swinging 12% over the past week.Besides, the price soar witnessed by the tokens today comes primarily in alignment with the recent USTC burning chronicle escorted by the Federal Reserve’s announcement.#LUNA+4.07% #LUNA+4.07% #LUNA2/USDT #Lunaticstoken #LUNA2USDT #lunaclasic

The price of Terra Luna Classic (LUNC) is predicted to vary in 2024. According to #cryptonews results, the price for January 2024 is estimated to range between $0.00029 to $0.00045.Another forecast suggests that #LUNC price will reach $0.00014505 by the end of 2024.Additionally, a prediction model indicates that the price in December 2024 could range from $0.00034 to $0.00029.Furthermore, a different source anticipates the price of #lunaclasic to reach as high as $0.000488 by the end of 2024.These #CoinClub predictions illustrate a wide range of potential prices for LUNC in 2024, reflecting the volatility of the cryptocurrency market. It's important to note that #cryptocurrency price predictions are speculative and should be interpreted with caution due to the market's inherent unpredictability and the influence of various factors on asset prices.