Terra Luna Classic Price Prediction – $LUNC Soars After Major Offer Approved

Terra Classic (LUNC) surged 14% in a week, signaling positive momentum as the community approved important proposals for network development.

Despite facing challenges, the Terra Luna Classic community is determined to continue to evolve and expand. Holders remain optimistic as the cryptocurrency market continues to recover.

In this article, we examine the future price trajectory of $LUNC and look at the factors driving the surge. You can also watch the video provided below for detailed $LUNC price prediction analysis.

For more cryptocurrency price prediction videos, consider subscribing to Jacob Crypto Bury’s YouTube channel. Jacob also runs a 20,000-member Discord community where he provides trading tips and insights on upcoming cryptocurrency presales.

Exploring what drives price spikes and community resilience

Despite facing issues such as the Terra network crash that caused significant damage to $LUNC, the community remained adamant about activating the token. Despite the setbacks, they are continuing to implement proposals to aid recovery.

However, not all proposals receive the approval of the Terra community necessary for implementation. Initiatives such as ‘Signal Prop Investigate EVM Functionality’, which aims to improve $LUNC’s cross-chain compatibility, have failed to gain community consensus, primarily due to cost concerns, highlighting a cautious approach to change.

On a positive note, the Terra Luna Classic community successfully passed Proposal 12033, which mandates KYC for all L1 developers to curb short selling and increase security.

Additionally, Binance, the world’s largest cryptocurrency exchange, burned 2.1 billion $LUNC tokens in its 18th batch, bringing the total to over 50 billion tokens. This represents 52.1% of the net $LUNC burned by the community. Amazingly, the community’s total $LUNC burn is nearly $100 billion and currently stands at approximately $98.42 billion.

$LUNC Price Prediction

Recently, Terra Classic has shown remarkable resilience to market fluctuations, suggesting recovery is possible. The current price is $0.00011, the 24-hour trading volume is $48.04 million, and the market capitalization is $681.83 million.

In the last 24 hours, the price of $LUNC has increased by 1.77%. The Relative Strength Index (RSI) value currently stands at 57.01, indicating a neutral market position. The 10-day exponential moving average (EMA) is $0.00014 and the 100-day EMA is $0.00077.

With the expected Bitcoin halving in 2024, a positive trend is expected, with the price of Terra Luna Classic likely to rise above $0.0003 by the end of 2024.

Best New Meme Coin Crypto Alternatives to Consider

The recovery of $LUNC will depend on the success of the burn program, community support, and the speed of protocol development. Meanwhile, Meme Combat (MK), a new entrant into the meme coin market, is emerging as an attractive investment opportunity with unique characteristics.

The highly anticipated $MK token presale exceeded $8.6 million in sales, demonstrating significant interest in this unique gaming and meme coin venture. With the hard cap for pre-sale set at $10 million, Meme Kombat appears to be almost done with its pre-sale phase.

Potential buyers now have one last chance to acquire $MK tokens for $0.279. Of the total 120 million token supply, 50% was used to provide initial working capital for platform development and marketing during the pre-sale period.

Another 30% is allocated to staking and battle rewards, while the remaining 20% ​​is split equally between providing liquidity for decentralized exchanges (DEXs) and community rewards. Potential investors can visit our guide on how to buy Meme Kombat tokens here.

With Meme Kombat’s pre-sale supply depleted, the development team led by Matt Whiteman plans to list the $MK token on a DEX soon to inject initial liquidity and drive price discovery.

We are 85% of the fighters!

LFG🫡 $8.5 million raised. pic.twitter.com/dNEYZ9YQ6u

— Meme Kombat (@Meme_Kombat) February 10, 2024

Hosted on Ethereum, the project features a virtual battle arena where players can wager $MK tokens on animated battles between popular meme characters, with winners earning additional $MK tokens to drive engagement and ecosystem growth.

Players can also stake their $MK holdings to earn attractive returns currently set at 110% per annum, with nearly 36 million $MK tokens already staked. Going forward, the development team aims to expand the game by adding new modes and meme combatants in future seasons.

Strongly positioned through pre-sale fundraising and experienced advisors, Meme Kombat capitalizes on established trends, even if speculative entertainment value outweighs concrete utility at this stage.

The integration of staking and rewards is conceptually promising. For more information, explore the Meme Kombat Telegram channel and X account (formerly Twitter) Check for updates on the progress of the launch. To participate in the $MK token presale, visit memekombat.io.

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