\nTerra Luna Classic Prediction: LUNC rallies to $0.00013 backed by growing interest in ecosystem tokens including USTC after the community overwhelmingly passed a proposal for the on-chain rollout of terrad client v2.3.1.\t\t\t\t<\/p>\n
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Published 12 mins ago <\/p>\n
Terra Luna Classic Price Prediction: The cryptocurrency community woke up on Monday to an astonishing rally in the price of the Terra Luna Classic (LUNC) token bolstered by strategic developments that could see stablecoin USTC reclaim its $1 peg.<\/p>\n
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Terra Luna Classic Community Votes To Revive LUNC and USTC<\/h2>\n
The buzz in the crypto market mainly centered around two digital assets; LUNC and USTC on Monday after the community voted to pass a proposal that could see the two assets make a comeback.<\/p>\n
In an earlier\u00a0report by CoinCape<\/span><\/a>\u00a0on the developments, the proposal aimed at securing community approval for the on-chain rollout of terrad client v2.3.1 pertains to the incorporation of a dynamic validator commission module.<\/p>\n LUNC and USTC exploded in double and triple digits, with 99.96% of all votes cast being in favor of the \u201cSequence Mismatch Issue Resolution\u201d proposal 11885.<\/p>\n The ecosystem\u2019s stablecoin TerraClassicUSD has recovered to trade at $0.0511 at the time of writing, increasing 37% in 24 hours, 278% in a week, 264% in a fortnight, and 315% cumulatively in 30 days.<\/p>\n On the other hand, CoinGecko market data shows LUNC trading 8.2% higher in 24 hours at $0.000103 in addition to growing by 35% in seven days, 25% in a week, and 59% in the last 30 days.<\/p>\n The support LUNC received in the last 24 hours was overwhelmingly strong, allowing the token to rise above $0.0001, \u2018killing\u2019 one zero. Based on the chart below, LUNC climbed to touch $0.00013 before pulling back to its current market value.<\/p>\n <\/p>\n A glimpse of the Moving Average Convergence Divergence (MACD) indicator reinforces the bullish outlook by revalidating the buy signal. Traders are likely to keep opening new long positions in LUNC as long as the blue MACD line holds above the red signal line and the momentum indicator sustains the uptrend above the neutral area.<\/p>\n Recommended for you:<\/b>\u00a0Bitcoin Mid-Term Holders Step Up Signalling Bullish Approach, BTC Going To $50k?<\/span><\/a><\/span><\/p>\n Terra Luna Classic<\/a><\/span>\u00a0is also tapping a strategic bullish cross on the daily chart formed when the 50-day Exponential Moving Average (EMA) (red) crossed above the 100-day EMA (blue).<\/p>\n The golden cross is a bullish chart pattern that signals a continuing bullish trend. Therefore, if LUNC can uphold support above $0.0001, sentiment will continue to improve backed by the developments in the ecosystem aimed at achieving the long-lost glory of USTC and Terra Luna Classic.<\/p>\n Going forward, traders must ensure LUNC ticks some key boxes to avoid sudden corrections such as holding above $0.0001 and breaking the next resistance at $0.00013. This way, they can profitably look forward to Luna Classic climbing to $0.0002.<\/p>\n Binance announced<\/a><\/span>\u00a0on November 27 via a blog post that it will be listing \u201cUSD\u24c8<\/span>-M USTC Perpetual Contract,\u201d starting on the same day with up to 50x leverage.<\/p>\n The underlying asset in this case is the stablecoin USTC while settlement would be done in USDT. At launch time, the funding rate cap had been set to +2.00% \/ -2.00% with the funding fee settlement frequency scheduled to occur every four hours.<\/p>\n <\/p>\n \n Share this article on:<\/p>\n –><\/p>\n John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market. <\/p>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\nTerra Luna Classic Price Prediction: Can LUNC Sustain The Rally To $0.0002<\/h2>\n
![\"Terra](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/LUNCUSD_2023-11-27_20-24-46.png\")
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