{"id":525948,"date":"2023-04-06T16:28:23","date_gmt":"2023-04-06T16:28:23","guid":{"rendered":"https:\/\/wncen.com\/?p=525948"},"modified":"2023-04-07T10:02:31","modified_gmt":"2023-04-07T10:02:31","slug":"lunc-could-spark-a-price-resurgence","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/lunc-could-spark-a-price-resurgence\/","title":{"rendered":"LUNC: Unveiling Terra Classic NFTs That Could Spark A Price Resurgence"},"content":{"rendered":"

Terra Classic is a community-run revival of the Terra Luna ecosystem that collapsed in a spectacular fashion in <\/span>2022<\/span><\/a>. Since then, LUNC, the ecosystem\u2019s native token, has been subjected to burns to reduce the supply and drive the price upwards. However, the upward momentum hasn\u2019t quite materialized as expected.<\/span><\/p>\n

According to <\/span>CoinGecko<\/span><\/a>, the token is down more than a percent in the past 24 hours. However, long-term investors are still trading at a loss as the token has been down nearly 100% since last year. Nonetheless, developments are made to increase the burn rate of the token. <\/span>
\n<\/span><\/p>\n

NFTs Might Help With LUNC Burn<\/strong><\/h2>\n

Cremation Coin, a protocol specifically built for burning cryptos with astronomical supply numbers, is considering the use of NFTs to help the burn rate of the LUNC token. According to one of their <\/span>recent<\/span><\/a> Tweets, the development team of the protocol is considering the development of an NFT collection named \u201cBad Abstract Art that Burns LUNC\u201d or BAABL.\u00a0<\/span><\/p>\n

\n

We are very strongly considering launching a “test” NFT project at some point over the next day or two.<\/p>\n

The test project would consist of ten pieces of “Bad Abstract Art” at various price points launched on the ETH chain.<\/p>\n

This will be the birth of “Bad Abstract \ud83e\uddf5<\/p>\n

\u2014 Cremation Coin \ud83d\udd25Weekly LUNC Burns\ud83d\udd25 (@Cremation_Coin) April 5, 2023<\/a><\/p><\/blockquote>\n

According to them, half of the NFT selling price would be used to burn LUNC.\u00a0<\/span><\/p>\n

\u201cWe are very strongly considering launching a “test” NFT project at some point over the next day or two. The test project would consist of ten pieces of Bad Abstract Art at various price points launched on the ETH chain.\u201d the team said in the first <\/span>tweet<\/span><\/a> in the thread.\u00a0<\/span><\/p>\n

If they push through with this, they will release the collection on other blockchains.<\/span><\/p>\n

As of writing, 53.08 billion LUNC has been <\/span>burnt<\/span><\/a> since May 18, 2022, with 1.8 billion LUNC burned today. Despite these impressive figures, LUNC still has 5.89 trillion tokens in circulation. It will take some time before the burning becomes a massive influence on LUNC\u2019s price action.\u00a0<\/span><\/p>\n

This Crucial Support Should Be Monitored By Bulls<\/strong><\/h2>\n

$0.00012 is the token\u2019s crucial support. Looking at the bigger picture, the token has not made any upward price actions in the past few months. If the bears break through this support, investors will experience a bigger downside in the long term.\u00a0<\/span><\/p>\n

\n
Related Reading: Chiliz Heats Up With 10% Rally \u2013 Will CHZ Push Higher This Week?<\/a><\/div>\n<\/div>\n

<\/p>\n

Crypto total market shedding a few digits at $1.13 trillion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: XRP Bullish Streak Comes To A Halt With 8% Dip<\/a><\/div>\n
For now, LUNC bulls should defend this support level before targeting any resistance in the future. However, the LUNC market has been dominated by bears. According to CoinGlass, short sellers outnumber long buyers in all major exchanges.\u00a0<\/span><\/p>\n
The general market movement will also affect the token\u2019s price movement. As of writing, the <\/span>total market cap<\/span><\/a> of crypto is down 2% today. Monitoring the token\u2019s correlation with the major cryptos would ensure better decision-making in the future.\u00a0<\/span><\/p>\n
– Featured image from Criptokio<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Terra Classic is a community-run revival of the Terra Luna ecosystem that collapsed in a spectacular fashion in 2022. Since then, LUNC, the ecosystem\u2019s native token, has been subjected to burns to reduce the supply and drive the price upwards. However, the upward momentum hasn\u2019t quite materialized as expected. According to CoinGecko, the token is down more than a percent in the past 24 hours. However, long-term investors are still trading at a loss as the token has been down nearly 100% since last year. Nonetheless, developments are made to increase the burn rate of the token. NFTs Might Help With LUNC Burn Cremation Coin, a protocol specifically built for burning cryptos with astronomical supply numbers, is considering the use of NFTs to help the burn rate of the LUNC token. According to one of their recent Tweets, the development team of the protocol is considering the development of an NFT collection named \u201cBad Abstract Art that Burns LUNC\u201d or BAABL.\u00a0 We are very strongly considering launching a “test” NFT project at some point over the next day or two. The test project would consist of ten pieces of “Bad Abstract Art” at various price points launched on the ETH chain. This will be the birth of “Bad Abstract \ud83e\uddf5 \u2014 Cremation Coin \ud83d\udd25Weekly LUNC Burns\ud83d\udd25 (@Cremation_Coin) April 5, 2023 According to them, half of the NFT selling price would be used to burn LUNC.\u00a0 \u201cWe are very strongly considering launching a “test” NFT project at some point over the next day or two. The test project would consist of ten pieces of Bad Abstract Art at various price points launched on the ETH chain.\u201d the team said in the first tweet in the thread.\u00a0 If they push through with this, they will release the collection on other blockchains. As of writing, 53.08 billion LUNC has been burnt since May 18, 2022, with 1.8 billion LUNC burned today. Despite these impressive figures, LUNC still has 5.89 trillion tokens in circulation. It will take some time before the burning becomes a massive influence on LUNC\u2019s price action.\u00a0 This Crucial Support Should Be Monitored By Bulls $0.00012 is the token\u2019s crucial support. Looking at the bigger picture, the token has not made any upward price actions in the past few months. If the bears break through this support, investors will experience a bigger downside in the long term.\u00a0 Related Reading: Chiliz Heats Up With 10% Rally \u2013 Will CHZ Push Higher This Week? Crypto total market shedding a few digits at $1.13 trillion on the daily chart at TradingView.com Related Reading: XRP Bullish Streak Comes To A Halt With 8% Dip For now, LUNC bulls should defend this support level before targeting any resistance in the future. However, the LUNC market has been dominated by bears. According to CoinGlass, short sellers outnumber long buyers in all major exchanges.\u00a0 The general market movement will also affect the token\u2019s price movement. As of writing, the total market cap of crypto is down 2% today. Monitoring the token\u2019s correlation with the major cryptos would ensure better decision-making in the future.\u00a0 – Featured image from Criptokio<\/p>\n","protected":false},"author":557,"featured_media":525965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,1557,86067,3505,87704],"class_list":["post-525948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-cryptocurrencies","tag-lunc","tag-price-analysis","tag-terra-luna-classic"],"acf":[],"yoast_head":"\nLUNC Rising: Unveiling The Terra Classic NFTs<\/title>\n<meta name=\"description\" content=\"Terra Classic is a community-run revival of the Terra Luna ecosystem that collapsed in a spectacular fashion in 2022. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"LUNC: Unveiling Terra Classic NFTs That Could Spark A Price Resurgence","url":"http:\/\/wncen.com\/news\/lunc-could-spark-a-price-resurgence\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/lunc-could-spark-a-price-resurgence\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-24.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-24.png?fit=599%2C340"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","cryptocurrencies","lunc","price analysis","terra luna classic"],"dateCreated":"2023-04-06T16:28:23Z","datePublished":"2023-04-06T16:28:23Z","dateModified":"2023-04-07T10:02:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"LUNC: Unveiling Terra Classic NFTs That Could Spark A Price Resurgence\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/lunc-could-spark-a-price-resurgence\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/lunc-could-spark-a-price-resurgence\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-24.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-24.png?fit=599%2C340\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"cryptocurrencies\",\"lunc\",\"price analysis\",\"terra luna classic\"],\"dateCreated\":\"2023-04-06T16:28:23Z\",\"datePublished\":\"2023-04-06T16:28:23Z\",\"dateModified\":\"2023-04-07T10:02:31Z\"}<\/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\/2023\/04\/a-24.png?fit=599%2C340","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/525948"}],"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\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=525948"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/525948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/525965"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=525948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=525948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=525948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}