Expert Sees 400% Jump For Terra Classic LUNC Price; Timeframe

Also Read: XRP Holder’s Lawyer Reveals One Unique Thing About His Clients

advertisement

Overall, the LUNC community may be in for some aggressive price action as the developers work on bringing significant changes to the network. According to crypto experts, the Terra Luna Classic (LUNC) price in the current cycle has the ability to achieve nearly 400% jump, going by the ongoing momentum.

Terra Classic (LUNC) Up For 4X Rally?

According to Javon Marks on Twitter, the LUNC token’s price breakout is holding currently and that could mean some positive price action. This is based on the price action analyzed over the long term of the last 12 months. Hence, this price rally could likely take several months to realize for LUNC, whereas the cryptocurrency market as a whole is likely to witness a blanket rally ahead of the Bitcoin halving event scheduled for some time during the second quarter of 2024.

LUNC price

Recommended Articles
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
crypto exchange affiliate programs
Best Crypto Exchange Affiliate Programs In 2023
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read

“Price breakout is holding, meaning an over 387% run can still be on the way and with the massive increases in momentum currently being displayed, prices can push quickly and perhaps faster than many may be able to comprehend.”

It remains to be seen how long the LUNC price will take to exceed the $0.0001 barrier. The Terra Classic market cap currently stands at $590,761,083, and ranked 83 among top cryptocurrencies. A 4X jump would significantly improve the ranking, if Terra Classic alone sees relative market cap growth.

Also Read: Chainlink Whales Trigger Price Rally; $LINK Price At $9 Next?

Comments

Post a Comment

Popular posts from this blog

XRP Facing Bear vs Bull Showdown; Who Will Win

Image
The Balance in XRP Price Swing At the time of writing, XRP is changing hands at a price of $0.5129, down by 4.15% over the past 24 hours. XRP bulls were earlier active as the coin shot up as high as 4% in earlier trading after shedding off all of its gains. advertisement Despite the obvious price slump, the digital currencies’ trading volume showcases a difference in actions between the bulls and bears. The coin’s trading volume has retained an upsurge of 3.2% in the past 24 hours with the volume pegged at $1.418 billion. XRP Price Chart. Source: Coingape While the outlook appears bearish at this time, it remains to be seen who will win the fight for dominance between the buyers and sellers. As a volatile market, the current trend appears to be favorable for bears and whether or not the current trend will matter is dependent on general market sentiment. XRP remains an attractive coin, despite the fact that a slight uncertainty is hovering around its fu
Read more

Terra Classic Officially Releases v2.1.0 Parity Upgrade Proposal

Image
It is one of the biggest upgrades since the Terra Classic community took charge of the blockchain after the Terra -LUNA crisis in May last year. Primarily, it will bring Terra Classic to parity with other blockchains such as Terra 2.0 and other Cosmos chains. Thus, allowing projects and developers to once again build on the Terra Classic chain. advertisement Joint L1 Task Force (LITF) project manager LuncBurnArmy took to Twitter to reveal that the v2.1.0 Upgrade proposal is officially out and can be reviewed on the Commonwealth portal. He also revealed that the proposal will go for voting on June 7 and the upgrade to happen as scheduled on June 14. The parity is also essential for introducing Interchain Accounts (IBA) into Terra Classic (LUNC), as professor and core developer Edward Kim stated. IBA will bring AI app chain Block Entropy to the Terra Classic chain. Meanwhile, the community can obtain the Testnet tokens from the Block Entropy TestNet Fauce
Read more

Elon Musk imposes 'rate limit' on Twitter citing extreme ‘system manipulation’

Image
Verified Twitter users will be allowed to view 10,000 posts per day, while new, unverified accounts will get 500 under the new limits. Social media platform Twitter is temporarily limit ing the number of posts that users will be allowed to read per day, after seeing “ extreme levels of data scraping and system manipulation ,” according to executive chairman Elon Musk. In a July 1 post, Musk said the temporary limit s will see verified accounts capped at 10,000 posts per day, while unverified and new, unverified accounts are capped at 1,000 and 500 posts per day respectively: Now to 10k, 1k & 0.5k — Elon Musk (@elonmusk) July 1, 2023 Twitter users had been reporting issues on the platform over the last few days including the inability to retrieve tweets, missing timelines, and being met with a "rate limited exceeded" message, leading to the hashtag #TwitterDown #TwitterFail to trend in certain jurisdictions. A screenshot of a Twitter user’s account — having reached t
Read more