Terra Luna Classic Price Prediction as LUNC Falls 30% in 7 Days, How Low Can it Go?

The price of terra luna classic (LUNC) has fallen by 2.5% in the past 24 hours, with the altcoin also down by nearly 30% in the past week, at $0.00017357. The drops come as the fallout from FTX's collapse continues to weigh down the wider market, with LUNC's momentum from early September unable to carry out through a turbulent period for crypto.

Timeline of Terra-luna-v2, Terra-luna

The co-founder of Terraform Labs Pte. Ltd., Shin Hyun-seung, also known as Daniel Shin, has been called by South Korean prosecutors to an investigation this week as a suspect for allegedly making unjustified gains with the cryptocurrency LUNA, which is now known as the Luna Classic (LUNC).

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.

Terra Luna Classic price prediction remains bullish above $0.000169, a support level extended by an upward trendline. Lately, the crypto market has been unkind to investors, with most cryptocurrencies struggling to post gains. Contrary to the trend of other large market-cap cryptocurrencies, Terra Classic (LUNC) saw a price increase.

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.

Tether's dominance of the Curve 3pool has risen to 86% amid massive swaps from USDT to stablecoins like USDC and DAI. The post Stablecoin liquidity on Curve's 3pool falls to lowest level since Luna crash appeared first on The Block.

Tobias Andersen, the lead developer at Terra Rebels, has acknowledged that the burn rates for Luna Classic (LUNC) will be low for at least “the next few years.” During an AMA with the community, he said that the burn tax at 1.2% would have taken “close to a century” to burn enough LUNC tokens in The post Luna Classic Devloper Has This To Say About The LUNC Burn appeared first on CoinGape.

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.

In a startling revelation amid the fiasco surrounding FTX, Galaxy Digital Holdings Ltd (OTC: BRPHF) revealed it has a $76.8 million exposure to the beleaguered cryptocurrency exchange, out of which $47.5 million is currently being withdrawn. It already hasn't been a great 2022 for Galaxy and its CEO Larry Mike Novogratz.