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🔥Terra Classic (LUNC): Burning and Effects🔥
Terra Classic (LUNC) has been on the agenda lately as Binance, the world's largest crypto exchange, burned a significant amount of Terra Classic (LUNC) tokens. This burn campaign is part of the community's efforts to reduce the circulating supply of Terra Classic (LUNC) and potentially increase its value. The total amount of Terra Classic (LUNC) burned by Binance currently stands at approximately 40 billion, and the community has contributed more than 76 billion Terra Classic (LUNC) tokens burned since the 2022 Terra-LUNA crisis.
Terra Classic (LUNC) price fluctuated between $0.0000557 and $0.0000704 over the last few days. The 10-Day Moving Average is at $0.0000634 while the 100-Day MA is at $0.0000647. Key support levels are set at $0.0000329 and $0.0000476, while resistance levels are set at $0.0000770 and $0.0000917. These metrics provide a comprehensive look at Terra Classic (LUNC) price dynamics and potential future movements.
The recent burns and the community's active involvement in reducing the circulating supply of Terra Classic (LUNC) point to a potential price increase for the token. If current measurements hold, Terra Classic (LUNC) could approach the $0.0000770 resistance level. However, investors should be wary of market fluctuations and external factors that may affect Terra Classic (LUNC)'s trajectory. Profit booking by the broader crypto market has put pressure on Terra Classic (LUNC) prices, and this trend may continue in the short term. Therefore, it is very important to conduct thorough research and analysis before making any investment decision.
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