Terra Classic News Opens The Door To AI Projects Like Avorak AI Taking Center Stage This Summer

Terra Classic has been experiencing fluctuations in its price because of speculations around the drop in value of its fiat-pegged stablecoin, UST, in May 2022. As a result, many LUNA holders are constantly looking for safer options to invest in, preferably at a low price to minimize the risks involved.

Timeline of Terra-luna

The Terra Luna Classic price has fallen by 12% in the past 24 hours, dropping to $0.00012029 as the news of Silvergate Bank's liquidation sends shockwaves through the cryptocurrency market.

LUNC Price Prediction: Over the past seven weeks, the LUNC price obtained strong footing from local support of $0.00016. The coin rebounded from this support several times indicating the traders were aggressively accumulating at this level.

LUNC News: The implosion of the Terra ecosystem in May of last year, which cost a total of $60 billion, revealed cracks in the foundations of the cryptocurrency sector and sparked a year of cascading financial catastrophes that have not yet been abated. The Cosmos-based network spun out of the collapsed Terra ecosystem has somehow The post Will Validators Become The Next Big Threat For Terra Classic (LUNC)?

Terra Classic LUNC Binance News: Following the passing of proposals on Binance burn, the Terra Classic LUNC community set the stage for a potential rally in the days ahead. Binance had earlier made feature requests for the burn starting from March 1, 2023.

The terra luna classic price has dipped to $0.00016810 today, marking a 1% loss in a day and also a week. LUNC is also down by 6% in a month, with the token hurt by the recent news that the SEC is charging Terraform Labs and CEO Do Kwon with running multi-billion dollar securities fraud.

After being written off as dead and buried by casual investors and the mainstream media alike, Terra Classic (LUNC) has defied expectations by rising from the ashes to create not only cutting-edge technology but also a thriving community to support it.

Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, is experiencing a capital outflow after the United States Securities Exchange Commission (SEC) formally charged founder Do Kwon.

While the crypto market reel under regulatory action from US financial regulators, TerraClassicUSD (USTC) and Terra Classic (LUNC) prices show strength as blockchain upgrade v1.0.5 is almost here. It will make transaction fees (gas and burn tax) estimation and future chain upgrade a lot easier and smoother.

Upgrade v1.0.5, which will pave the way for the resumption of the Terra Classic (LUNC) token burning of the cryptocurrency trading platform Binance, is scheduled for launch on February 14, as a development that could positively influence the price of LUNC in the short term.

Altcoins in the crypto space have been seeing a lot of volatility lately as major cryptocurrencies Bitcoin and Ethereum face resistances which hindered their growth. Luna Classic, the revival attempt of the Terra Luna ecosystem, is one of those tokens that is facing losses in the short term.