The LUNC Prediction That Excites From the Famous Phenomenon Has Arrived: These Levels Are Inevitable!
Classy Crypto, one of the leading LUNC phenomena, made striking statements about the Terra Classic price.
This Level is Coming in LUNC!
Classy Crypto, which has been closely followed by investors with the exciting announcements it has made about LUNC so far, predicted that the LUNC price would rise to $0.001. Classy Crypto did not specify how long it will take for LUNC to reach this price level. The influencer also told her followers that the tweet should not be perceived as financial advice, since the forecast is her personal opinion. The ultimate goal of the Terra Classic community is $ 1. The community is doing its best to achieve this goal. However, Classy says that it is more likely that LUNC will target $1 to $0.001. However, according to experts, there are 2 important factors that can contribute to LUNC’s journey to $1. The community has made great strides in its efforts to resurrect LUNC.
LUNC, formerly referred to as LUNA, appeared after the Terra ecosystem collapsed. LUNA rose to an all-time high of about $120 on April 5, 2022, before the decline of the Terra ecosystem. After the rebirth of the Terra network, the Do Kwon team made it clear that it was abandoning Terra Classic and focusing on the newly released Terra tokens LUNA and UST. After it became clear that the Terra team had abandoned the project, Terra Classic community members took on the task of re-increasing the values of LUNC and USTC through various initiatives. At the beginning of the efforts initiated by the community is the implementation of a tax/burn proposal for all Terra Classic chained transactions. This mechanism is aimed at reducing the supply of LUNC and, consequently, increasing the price.
Is that possible?
As of December 1, more than 35 billion tokens have been burned. Binance did most of the burning transactions. Earlier this month, Binance burned 6.3 billion LUNCS worth $1 million, bringing the total LUNC burn to 20.1 billion. As part of the efforts to reduce the total supply in LUNC, the community also staked 884.75 billion LUNC. It is worth noting that other projects are being used to increase incinerations at LUNC. The community reported last month on the launch of the Casino, which can burn 26 billion luncs. The casino burned the first 1 million lunches shortly after its launch.
Despite the huge number of luncs burned, the circulating supply of LUNCS is still 5.97 trillion, according to Coingecko data. In a recent report, Tobias Andersen (Zaradar), a member of Terra Rebels, an independent development group, stated that the fastest way to reduce the LUNC supply is to implement lower incineration fees, reactivate swaps and stimulate economic activity. If the community can reduce the supply of LUNC, it is expected that more people will adopt LUNC. As predicted by Classy Crypto, it won’t be long before the asset’s LUNC rises to $0.001. LUNC is trading at $0.00017733 as of the moment with an increase of 0.6% in the last 24 hours. LUNC also increased by 8.7% last week and 11.2% in the last two weeks.
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