{"id":513832,"date":"2022-12-27T12:00:48","date_gmt":"2022-12-27T17:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=513832"},"modified":"2023-03-08T07:26:39","modified_gmt":"2023-03-08T07:26:39","slug":"terra-classic-lunc-beats-odds-with-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/terra-luna\/terra-classic-lunc-beats-odds-with-rally\/","title":{"rendered":"Terra Classic (LUNC) Beats The Odds With 16% Rally, More Gains Ahead"},"content":{"rendered":"

Terra Classic (LUNC) continues to show strength in the market despite losing over 99.9% of its value about 8 months prior. The digital asset which has now been reduced to the meme coin level still produces massive gains. Presently, LUNC is seeing double-digit gains even at a time when the majority of the market remains muted in terms of price performance.<\/p>\n

Terra Classic Pulls Big Gains<\/h2>\n

Terra Classic (LUNC) saw a massive rally on Boxing Day that solidified massive gains for investors. Over the last 24 hours, LUNC has been able to rally more than 16% and has successfully broken resistance at the $0.00018 price level.\u00a0<\/span><\/p>\n

The price recovery follows a return of positive sentiment in the community as a new developer task force called the \u201cJoint L1 Task Force\u201d has proposed to build a Layer 1 Terra Classic blockchain<\/a>. This comes as the community looks to move on from \u201cTerra Rebels,\u201d the first LUNC developer task force that is now plagued by various accusations. The community has already called for a return of $150,000 that was allocated to the task force previously.<\/p>\n

Related Reading: Bearish Indicator: Bitcoin Volatility Hits All-Time Low<\/a><\/div>\n

In addition, the Terra Classic community has also voted in favor of Proposal 11111. This proposal reduces the allocation of burned LUNC tokens within an epoch to the community to 10%, revoking the 50% that was previously proposed in Proposal 10983. This effectively reduces the number of tokens that would be brought back into circulation after being burned.<\/p>\n

\"LUNA<\/p>\n

Terra Classic price jumps above $0.00018 | Source: LUNCUSD on TradingView.com<\/a><\/pre>\n
The proposal passed with 83.35% of votes being in favor and only 11.31% being against. The excitement from this news has also contributed to the rally in the price of the digital asset.<\/p>\n
More Gains For LUNC?<\/h2>\n
Terra Classic (LUNC) is currently sitting at the top of the list of top gainers on Coinmarketcap over the past 24 hours. With an approximately 17% jump in the last day, the digital asset defies a market that has seen slow movement, especially with bitcoin volatility dropping to all-time lows<\/a>.<\/p>\n
\"LUNA<\/p>\n
Terra Classic tops lists of gainers | Source: Coinmarketcap<\/pre>\n
LUNC, on the other hand, tends to thrive in times like these. This is because, with the low momentum, larger assets such as bitcoin and ethereum are unlikely to move much, but with low-price cryptocurrencies such as LUNC, it presents an opportunity for investors since it is easier to move the needle. Couple this with the recent rise in positive sentiment in the community and it is a recipe for success.<\/p>\n
Related Reading: Litecoin (LTC) Tops List Of Christmas Gainers, Is $100 Still Possible?<\/a><\/div>\n
Its price has now reached its second-highest level for the month of December after successfully touching above $0.00018 in the early hours of Tuesday. If the momentum holds, then the cryptocurrency will see $0.0002 before the end of the day.<\/p>\n
LUNC was changing hands at $0.0001801 at the time of this writing, according to data from Coinmarketcap. Trading volume is up 157% in the last 24 hours and is sitting at $239.8 million.<\/p>\n
Featured image from Criptokio, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Terra Classic (LUNC) continues to show strength in the market despite losing over 99.9% of its value about 8 months prior. The digital asset which has now been reduced to the meme coin level still produces massive gains. Presently, LUNC is seeing double-digit gains even at a time when the majority of the market remains muted in terms of price performance. Terra Classic Pulls Big Gains Terra Classic (LUNC) saw a massive rally on Boxing Day that solidified massive gains for investors. Over the last 24 hours, LUNC has been able to rally more than 16% and has successfully broken resistance at the $0.00018 price level.\u00a0 The price recovery follows a return of positive sentiment in the community as a new developer task force called the \u201cJoint L1 Task Force\u201d has proposed to build a Layer 1 Terra Classic blockchain. This comes as the community looks to move on from \u201cTerra Rebels,\u201d the first LUNC developer task force that is now plagued by various accusations. The community has already called for a return of $150,000 that was allocated to the task force previously. Related Reading: Bearish Indicator: Bitcoin Volatility Hits All-Time Low In addition, the Terra Classic community has also voted in favor of Proposal 11111. This proposal reduces the allocation of burned LUNC tokens within an epoch to the community to 10%, revoking the 50% that was previously proposed in Proposal 10983. This effectively reduces the number of tokens that would be brought back into circulation after being burned. Terra Classic price jumps above $0.00018 | Source: LUNCUSD on TradingView.com The proposal passed with 83.35% of votes being in favor and only 11.31% being against. The excitement from this news has also contributed to the rally in the price of the digital asset. More Gains For LUNC? Terra Classic (LUNC) is currently sitting at the top of the list of top gainers on Coinmarketcap over the past 24 hours. With an approximately 17% jump in the last day, the digital asset defies a market that has seen slow movement, especially with bitcoin volatility dropping to all-time lows. Terra Classic tops lists of gainers | Source: Coinmarketcap LUNC, on the other hand, tends to thrive in times like these. This is because, with the low momentum, larger assets such as bitcoin and ethereum are unlikely to move much, but with low-price cryptocurrencies such as LUNC, it presents an opportunity for investors since it is easier to move the needle. Couple this with the recent rise in positive sentiment in the community and it is a recipe for success. Related Reading: Litecoin (LTC) Tops List Of Christmas Gainers, Is $100 Still Possible? Its price has now reached its second-highest level for the month of December after successfully touching above $0.00018 in the early hours of Tuesday. If the momentum holds, then the cryptocurrency will see $0.0002 before the end of the day. LUNC was changing hands at $0.0001801 at the time of this writing, according to data from Coinmarketcap. Trading volume is up 157% in the last 24 hours and is sitting at $239.8 million. Featured image from Criptokio, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":513835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85583],"tags":[86067,87622,86792,65698,86254],"class_list":["post-513832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-terra-luna","tag-lunc","tag-lunc-performance","tag-lunc-price","tag-terra","tag-terra-classic"],"acf":[],"yoast_head":"\nTerra Classic (LUNC) Beats The Odds With 16% Rally, More Gains Ahead<\/title>\n<meta name=\"description\" content=\"Terra Classic (LUNC) continues to show strength in the market despite losing over 99.9% of its value about 8 months prior. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Terra Classic (LUNC) Beats The Odds With 16% Rally, More Gains Ahead","url":"http:\/\/wncen.com\/news\/terra-luna\/terra-classic-lunc-beats-odds-with-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/terra-luna\/terra-classic-lunc-beats-odds-with-rally\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/LUNA-Classic-LUNC.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/LUNA-Classic-LUNC.jpeg?fit=867%2C487"},"articleSection":"Terra (LUNA)","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["lunc","lunc performance","lunc price","terra","terra classic"],"dateCreated":"2022-12-27T17:00:48Z","datePublished":"2022-12-27T17:00:48Z","dateModified":"2023-03-08T07:26:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Terra Classic (LUNC) Beats The Odds With 16% Rally, More Gains Ahead\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/terra-luna\\\/terra-classic-lunc-beats-odds-with-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/terra-luna\\\/terra-classic-lunc-beats-odds-with-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/LUNA-Classic-LUNC.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/LUNA-Classic-LUNC.jpeg?fit=867%2C487\"},\"articleSection\":\"Terra (LUNA)\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"lunc\",\"lunc performance\",\"lunc price\",\"terra\",\"terra classic\"],\"dateCreated\":\"2022-12-27T17:00:48Z\",\"datePublished\":\"2022-12-27T17:00:48Z\",\"dateModified\":\"2023-03-08T07:26:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/LUNA-Classic-LUNC.jpeg?fit=867%2C487","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/513832"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=513832"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/513832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/513835"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=513832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=513832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=513832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}