Terra Classic (LUNC) Price Jumps 37% in a Week: Will the Rally Continue?

The LUNC price experienced a significant increase of more than 37% over the last week. However, the Terra Classic price subsequently encountered bearish rejection at the Golden Ratio resistance

Timeline of Terra-luna

The Terra Classic community showed unanimous support to pass the v2.1.0 Parity upgrade proposal submitted by the core developer group Joint L1 Task Force (L1TF). With the proposal now passed, the L1TF will upgrade the chain on June 14 to bring many significant changes to Terra Classic.

Story Highlights Terra Classic price is expected to reach as high as $0.000314 by the end of 2023. LUNC price could surge to a maximum of $0.00212 by the end of 2030. The current price of LUNC is . One of the biggest disasters the industry could ever face.

Terra Classic Price Analysis: In the past few days, the crypto market witnessed high volatility due to the legal battle between Binance, the world's largest crypto exchange, and the Securities and Exchange Commission(SEC). Though the LUNC price showcased a huge price swing during this period, this movement was confined within the two converging trendlines of

Terra Classic (LUNC) core developer team Joint L1 Task Force (L1TF) plan to work on TerraClassicUSD (USTC) repeg to $1 after the v2.1.0 parity upgrade is approved by the Terra Classic community. After completing the CosmWasm parity upgrade on June 14, the LITF will use a small portion of its budget to set up a

Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, continues on its upward trajectory despite the latest crypto market panic triggered by two consecutive lawsuits by the US Securities and Exchange Commission (SEC) against leading crypto exchanges Binance and Coinbase, respectively.

The fallen terra classic (LUNC), formerly known as LUNA, has been struggling since the collapse of the Terra ecosystem in May 2022. The asset has dropped further with the current FUD around Binance.

In a surprising twist, Luna Classic (LUNC), the original token of the Terra ecosystem, experienced an unexpected price spike recently, a rare occurrence considering the token's sustained downtrend since September 2022. However, the joy was short-lived as it quickly gave up its gains and fell by 14%.

Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, has recently witnessed a remarkable surge in value, at one point surpassing 30%. This surge comes as a ray of hope amidst a period of pessimistic market sentiment that has persisted for weeks.

India's economic agency officials have discovered a cryptocurrency wallet worth almost $1 million while investigating a case against a man suspected of fraud and money laundering.

The Terra Classic (LUNC) token has increased by over 20% in the past 24 hours as the community discusses the Parity upgrade. If the proposal is approved, the upgrade is expected to be passed on June 14.