China News by Thebittimes.Com

Terra Classic (LUNC) is what remains of the original Terra Luna project that crashed in May 2022. The current price of LUNC has fallen to $0.0002307: a loss of 1.09% in 24 hours.  This notable drop in value has continued amidst token burns by Binance and other crypto players. The rally that followed after the crash seems to have now mostly subsided. Will Luna Classic Hit The $10 Mark? For a price level of $10, LUNC will have to record extraordinary gains of 3,979,841% from its current level. Although it might look impossible to some analysts, it is worth noting that Shiba Inu, increased by 17,959,114% from its all-time low. The major assumption here, however, is that investors will be willing to risk their capital in a project that collapsed in May 2022. Especially as LUNC no longer supports USTC’s peg to the dollar. Interestingly, these factors do not seem to be phasing traders, as LUNC is frequently one of the most popular coins in the market in terms of...

Join Our Telegram channel to stay up to date on breaking news coverage With over $450 million in volume over the last 24 hours, Terra Classic is still one of the most actively traded cryptocurrencies. Earlier today, Binance said its most recent burn attempts irreversibly deleted approximately 3 billion LUNC, or roughly $1 million. Binance, the biggest cryptocurrency exchange in the world, said in late September that its CEO, Changpeng Zhao, will honour a 1.2% burn on the transactions tax retroactive to September 21. More than 5.5 billion LUNC were destroyed in the first LUNC burn, which lasted from September 21st to October 1st, and another 2.9 billion were destroyed in the second LUNC burn, which lasted from October 1st to October 8th. Binance has lost over $3 million due to the burn, but most LUNC trades have occurred on the exchange’s platform since the news. There Has Been an Effort to Burn More LUNC Binance has destroyed 8,588,471,344.33 LUNC due to the burn, whi...