Terra Classic (LUNC) Price To Record Massive Rally, Here's Why

Terra Classic price to witness massive rally in December. The community has already started to prepare for the upcoming changes and price rallies, with developers, validators, and projects submitting various proposals.

Timeline of Terra-luna

Professor Edward Kim recently released a written proposal on Terra Classic Recovery Proposal 10946. Edward Kim added that if the proposal is approved, anyone qualified is urged to apply.

Terra Classic's market capitalization was about to reach 1 billion  LUNC indicators and metrics were in support of a price hike  Terra Classic [LUNC] recently registered promising growth as its price rallied by more than 8% in the last 24 hours. The growth hinted that this month's end might be rewarding for the investors.

Professor Edward Kim, program director of Terra Grants Foundation (TGF), has submitted the first initiative with Proposal 10946. The proposal aims to set aside 750 million LUNC tokens for developers, projects, validators, and community members for contributing to the Terra Classic revival from May-October.

The NFT sector has been a hot seat for newer projects trying to clinch the number one spot. And it will soon be welcoming a new entrant from the Terra Classic network, rivalling top guns like Polygon NFTs & Flow.

Terra Luna Classic (LUNC) price sell-off continues unabated in the wake of the collapse of FTX and its affiliated companies. The total cryptocurrency market cap sunk deeper below the $1 trillion mark as investors reacted to the bloody mess caused by the now never-ending troubles at one of the world's largest cryptocurrency exchanges.

LUNC's volume went up substantially in the last 24 hours  Market indicators suggest a trend reversal soon  The crypto market has not been favoring investors of late, as most cryptos have struggled to go green.

Terra classic has been one of Thursday's biggest gainers, as crypto markets found light in the form of the latest U.S. inflation (CPI) report, which came in at 7.7%. The token was up by nearly 14% in today's session, as founder Do Kwon ironically gave his best wishes to FTX chief Sam Bankman-Fried.

Terra Classic (LUNC) continues to gain despite the fact that the entire cryptocurrency market continues to feel the devastating effects of the crisis related to the crypto exchange FTX.

Price predictions made by the cryptocurrency community have revealed investors expect the price of Terra Classic ($LUNC) to double by the end of November and to surge by around 800% until the end of the year. According to CoinMarketCap's price estimates feature, the cryptocurrency community sees $LUNC end the year at $0.

As the entire cryptocurrency market continues to feel the devastating effects of the crisis related to the crypto exchange FTX and most of its assets are trading in the red, Terra Classic (LUNC) is no exception, but there might still be hope.