{"id":609816,"date":"2024-05-25T12:00:35","date_gmt":"2024-05-25T12:00:35","guid":{"rendered":"https:\/\/wncen.com\/?p=609816"},"modified":"2024-06-11T07:24:55","modified_gmt":"2024-06-11T07:24:55","slug":"terra-lunas-lunc-set-to-jump-13x-analyst-reveals-the-drivers","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/terra-lunas-lunc-set-to-jump-13x-analyst-reveals-the-drivers\/","title":{"rendered":"Terra LUNA\u2019s LUNC Set To Jump 13x, Analyst Reveals The Drivers"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinist.com\/33000-move-for-xrp-price\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Crypto analyst Javon Marks<\/span><\/a><span style=\"font-weight: 400\"> has laid out a bullish narrative for Terra Classic (LUNC). Based on his analysis, the crypto token could eventually see a 13x increase from its current price levels. The analyst alluded to LUNC\u2019s historical pattern as what could drive such <\/span><a href=\"https:\/\/bitcoinist.com\/lunc-ustc-revival-proposal\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">parabolic price surge<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/xrp-declares-war-on-uncertainty-analyst-predicts-breakout-fueled-by-regulation\/\" target=\"_blank\" rel=\"noopener \">XRP Declares War On Uncertainty: Analyst Predicts Breakout Fueled By Regulation<\/a><\/div>\n<h2><b>How LUNC\u2019s Price Could Jump By 1,300%\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Marks mentioned in an X (formerly Twitter) <\/span><a href=\"https:\/\/x.com\/JavonTM1\/status\/91381797\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> that LUNC has confirmed a \u201cmajor bullish pattern,\u201d signaling a continuation of its <\/span><a href=\"https:\/\/bitcoinist.com\/lunc-recovery-impossible-terra\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">bullish run<\/span><\/a><span style=\"font-weight: 400\"> to the first price target at $0.00058046. He noted that this move of over 400% was likely to be attained with the crypto token holding above levels that it had earlier broken out from.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-609817\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/a_f29b74.png?resize=647%2C398\" alt=\"\" width=\"647\" height=\"398\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/a_f29b74.png?w=647 647w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/a_f29b74.png?w=460 460w\" sizes=\"(max-width: 647px) 100vw, 647px\"><\/p>\n<p><span style=\"font-weight: 400\">The crypto analyst then raised the possibility of LUNC making a 1,300% move instead. He claimed that LUNC\u2019s previous breakout and run pattern suggests that three targets could be broken above, meaning that the crypto token rising to the <\/span><a href=\"https:\/\/bitcoinist.com\/terra-classic-lunc-is-ready-to-explode-analyst-warns\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">price target of $0.00139122<\/span><\/a><span style=\"font-weight: 400\"> from here is \u201cpossible.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Marks has remained bullish on LUNC for a while now and has suggested that LUNC\u2019s parabolic rally is a question of when and not if. However, he has failed to provide any specific timeframe for when this move will likely occur. <\/span><a href=\"https:\/\/bitcoinist.com\/binance-major-catalyst-lunc-rally\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">LUNC\u2019s fundamentals<\/span><\/a><span style=\"font-weight: 400\"> are also expected to contribute to this upward trend and push its price to such heights.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">One way that is likely to happen is through the <\/span><a href=\"https:\/\/bitcoinist.com\/terra-classic-poised-to-reawaken-as-binance-burns-2-2-billion-lunc\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">LUNC\u2019s burns<\/span><\/a><span style=\"font-weight: 400\">, which are carried out regularly. The Terra community has burnt over 113 billion LUNC tokens since the <\/span><a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-shib-burns\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">burning initiative<\/span><\/a><span style=\"font-weight: 400\"> came into place following Terra LUNA\u2019s crash in 2022. This has helped reduce the crypto tokens\u2019s circulating supply and could be significant as demand for the token picks up.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is worth noting that LUNC is well below its all-time high of $119. However, this suggests that the crypto token has enough room to move significantly to the upside.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/BHYDFYTT\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">LUNC is now trading at $0.0001. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2><b>Recent Developments In The Terra Classic Ecosystem<\/b><\/h2>\n<p><a href=\"https:\/\/wncen.com\/analysis\/lunc\/ustc-lunc-to-1\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Genuine Labs<\/span><\/a><span style=\"font-weight: 400\">, a Terra Classic developer group, <\/span><a href=\"https:\/\/x.com\/Genuine__Labs\/status\/36719436\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">recently announced<\/span><\/a><span style=\"font-weight: 400\"> that the latest version of SDK 47 was ready. The proposed upgrade is expected to be put up for governance voting. The upgrade will introduce <\/span><a href=\"https:\/\/bitcoinist.com\/lunc-ustc-revival-proposal\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">significant changes<\/span><\/a><span style=\"font-weight: 400\"> to the Terra network, including a fix to the dyncomm decorator.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the upgrade will handle peer-to-peer (p2p) storms on the network and add new features to the Terrad client, which connects developers to the Terra blockchain. It is uncertain when the proposal will go live, but it should be soon enough.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum-eyes-4000-comeback-fueled-by-bullish-buying-spree\/\" target=\"_blank\" rel=\"noopener \">Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree<\/a><\/div>\n<p><span style=\"font-weight: 400\">Meanwhile, the <\/span><a href=\"https:\/\/bitcoinist.com\/lunc-revival-terra-community\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Terra community<\/span><\/a><span style=\"font-weight: 400\"> also recently passed <\/span><a href=\"https:\/\/bitcoinist.com\/lunc-revival-terra-community\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">a proposal<\/span><\/a><span style=\"font-weight: 400\"> to make Allnodes an official organization for the community. Allnodes will be the official source for information regarding the circulating supply of LUNC, USTC, and other native tokens.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, LUNC is trading at around $0.0001151, up over 2% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/terra-luna\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<p><em>Featured image from Space.com, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Javon Marks has laid out a bullish narrative for Terra Classic (LUNC). Based on his analysis, the crypto token could eventually see a 13x increase from its current price levels. The analyst alluded to LUNC\u2019s historical pattern as what could drive such parabolic price surge. Related Reading: XRP Declares War On Uncertainty: Analyst Predicts Breakout Fueled By Regulation How LUNC\u2019s Price Could Jump By 1,300%\u00a0 Marks mentioned in an X (formerly Twitter) post that LUNC has confirmed a \u201cmajor bullish pattern,\u201d signaling a continuation of its bullish run to the first price target at $0.00058046. He noted that this move of over 400% was likely to be attained with the crypto token holding above levels that it had earlier broken out from.\u00a0 The crypto analyst then raised the possibility of LUNC making a 1,300% move instead. He claimed that LUNC\u2019s previous breakout and run pattern suggests that three targets could be broken above, meaning that the crypto token rising to the price target of $0.00139122 from here is \u201cpossible.\u201d Marks has remained bullish on LUNC for a while now and has suggested that LUNC\u2019s parabolic rally is a question of when and not if. However, he has failed to provide any specific timeframe for when this move will likely occur. LUNC\u2019s fundamentals are also expected to contribute to this upward trend and push its price to such heights.\u00a0 One way that is likely to happen is through the LUNC\u2019s burns, which are carried out regularly. The Terra community has burnt over 113 billion LUNC tokens since the burning initiative came into place following Terra LUNA\u2019s crash in 2022. This has helped reduce the crypto tokens\u2019s circulating supply and could be significant as demand for the token picks up.\u00a0 It is worth noting that LUNC is well below its all-time high of $119. However, this suggests that the crypto token has enough room to move significantly to the upside.\u00a0 Recent Developments In The Terra Classic Ecosystem Genuine Labs, a Terra Classic developer group, recently announced that the latest version of SDK 47 was ready. The proposed upgrade is expected to be put up for governance voting. The upgrade will introduce significant changes to the Terra network, including a fix to the dyncomm decorator.\u00a0 Furthermore, the upgrade will handle peer-to-peer (p2p) storms on the network and add new features to the Terrad client, which connects developers to the Terra blockchain. It is uncertain when the proposal will go live, but it should be soon enough.\u00a0 Related Reading: Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree Meanwhile, the Terra community also recently passed a proposal to make Allnodes an official organization for the community. Allnodes will be the official source for information regarding the circulating supply of LUNC, USTC, and other native tokens.\u00a0 At the time of writing, LUNC is trading at around $0.0001151, up over 2% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image from Space.com, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":609847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[142,1558,86067,11,85253],"class_list":["post-609816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-news","tag-altcoins","tag-cryptocurrency","tag-lunc","tag-news","tag-terra-luna"],"acf":[],"yoast_head":"\n<title>Terra LUNA\u2019s LUNC Set To Jump 13x, Analyst Reveals The Drivers<\/title>\n<meta name=\"description\" content=\"Crypto analyst Javon Marks has laid out a bullish narrative for Terra Classic (LUNC). 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