Coin exchange rate
$BTC 59101.878 USD (-0.36%) 🔴$LUNC 0.00007987 USD (-3.36%) 🔴$LUNA 0.35153436 USD (-1.34%) 🔴Terra LUNA Price Prediction August 2024
Amid a strong bullish recovery in the crypto market, the Luna price has added 3.16% over the past day with a trading volume of $26.27 Million. Moreover, it has added 11.07% over the past week and has a market cap of $292.72 Million.
If the market continues trading under a bullish sentiment, the LUNA 2.0 price will test its high of $0.50. Conversely, a bearish action could pull the price toward its low of $0.2825.
LUNA Classic Price Prediction 2024
Terra is one of the fastest-growing ecosystems, and LUNA is a central notion in its network. LUNA could keep going up to a maximum price, as there is a massive market for Terra LUNA coins. With the need to sustain Terra token values balanced.
After revamping the entire world network of payments. LUNA pricing could set out on a journey to leave a significant mark in this crypto industry. In such an optimistic case, the price of Terra LUNA could surge to its potential high of $0.72.
On the flip side, an ebbing stance in the business, followed by negative criticism and falling volumes could sink the price to $0.30. That said, a balance in buying and selling pressures could settle the price of the altcoin at $0.51.
Amid a strong bullish recovery in the crypto market, the Luna price has added 3.16% over the past day with a trading volume of $26.27 Million. Moreover, it has added 11.07% over the past week and has a market cap of $292.72 Million.
If the market continues trading under a bullish sentiment, the LUNA 2.0 price will test its high of $0.50. Conversely, a bearish action could pull the price toward its low of $0.2825.
LUNA Classic Price Prediction 2024
Terra is one of the fastest-growing ecosystems, and LUNA is a central notion in its network. LUNA could keep going up to a maximum price, as there is a massive market for Terra LUNA coins. With the need to sustain Terra token values balanced.
After revamping the entire world network of payments. LUNA pricing could set out on a journey to leave a significant mark in this crypto industry. In such an optimistic case, the price of Terra LUNA could surge to its potential high of $0.72.
On the flip side, an ebbing stance in the business, followed by negative criticism and falling volumes could sink the price to $0.30. That said, a balance in buying and selling pressures could settle the price of the altcoin at $0.51.
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Terra Luna Classic [LUNC] retested the two-month-old range’s highs during the recent rally but was unable to breach the resistance level. It climbed past the mid-range level on the 21st of August when Bitcoin [BTC] jumped above the $60k mark.
The bankruptcy court order in Terraform Labs’ case meant the Shuttle Bridge could be opened to facilitate token movements between Terra and other blockchains. This could help in the company’s restructuring efforts.
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Coin exchange rate
$BTC 58431.325 USD (-1.13%) 🔴$LUNC 0.00007768 USD (-2.74%) 🔴$LUNA 0.34313409 USD (-2.39%) 🔴Luna Classic has traded within the $0.0000637-$0.0000964 range since early July. Its most recent attempt the break the range highs met with failure. According to the Awesome Oscillator, the momentum was bullish but weakening.
The OBV was unable to break the highs from July, which meant the buying volume was not large enough to boost the chances of a LUNC breakout.
The current market price was still above the mid-range support level. It is unclear if prices can hold this level or will be headed for a deeper price drop. The liquidity charts offered some clues.
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LUNC could be headed for the lows, but bears need patience
The liquidation heatmap showed that the $0.0001 and the $0.000063-$0.000071 zones were the next magnetic zones for the price.
Given the range high rejection, AMBCrypto concluded a move downward was more likely over the next week or two.
The liquidation heatmap showed that the $0.0001 and the $0.000063-$0.000071 zones were the next magnetic zones for the price.
Given the range high rejection, AMBCrypto concluded a move downward was more likely over the next week or two.
The $0.000087 and $0.000091 levels were the short-term bullish targets. Swing traders could use a price bounce to look for opportunities to sell LUNC.
The liquidation heatmap showed that the $0.0001 and the $0.000063-$0.000071 zones were the next magnetic zones for the price.
Given the range high rejection, AMBCrypto concluded a move downward was more likely over the next week or two.
The liquidation heatmap showed that the $0.0001 and the $0.000063-$0.000071 zones were the next magnetic zones for the price.
Given the range high rejection, AMBCrypto concluded a move downward was more likely over the next week or two.
The $0.000087 and $0.000091 levels were the short-term bullish targets. Swing traders could use a price bounce to look for opportunities to sell LUNC.
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Coin exchange rate
$BTC 57530.321 USD (-1.54%) 🔴$LUNC 0.00007418 USD (-4.5%) 🔴$LUNA 0.32445791 USD (-5.44%) 🔴Terraform Labs Sets Crucial October 30 Deadline For Terra Classic Users
Terraform Labs (TFL), the foundational entity behind the once-prominent ecosystem, has issued a significant alert for users of its Terra Classic platform. This comes in the wake of the historic collapse of its algorithmic stablecoin UST and its companion cryptocurrency LUNA, which precipitated a market implosion wiping out around $40 billion in value last year. Currently embroiled in chapter 11 bankruptcy proceedings, the company continues to manage fallout and transition plans, including significant system updates and asset management protocols.
Terraform Labs (TFL), the foundational entity behind the once-prominent ecosystem, has issued a significant alert for users of its Terra Classic platform. This comes in the wake of the historic collapse of its algorithmic stablecoin UST and its companion cryptocurrency LUNA, which precipitated a market implosion wiping out around $40 billion in value last year. Currently embroiled in chapter 11 bankruptcy proceedings, the company continues to manage fallout and transition plans, including significant system updates and asset management protocols.
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Terra Classic Users: Mark This Date In Your Calendars
Today, August 28, Terraform Labs announced the reopening of the Shuttle Bridge interface. This platform is crucial for users who hold wrapped versions of LUNC (Luna Classic) and USTC (TerraUSD Classic), facilitating their transfer between the blockchain and other prominent blockchains such as Ethereum, BNB Chain (BSC), and Harmony.
The announcement detailed the operational window for this service, stating: “The new Shuttle Bridge interface to redeem wrapped assets is now open. […] The bridge will remain open from now until 30 days after the effective date of the chapter 11 plan, which is estimated to be on or around 30 October 2024. Opening the bridge gives you the opportunity to redeem your assets and use them as you wish. Please ensure you redeem your assets as soon as possible to avoid any issues.”
This interface not only enables the retrieval of assets from these blockchains to Terra Classic but also marks a limited-time opportunity for users to redeem their wrapped assets before the company progresses further in its bankruptcy resolution. After the bridge closes, all crypto assets still in the contracts will be burned. Thus, this the last opportunity for users before the bridge will be permanently shut down. “Users of the Terra Shuttle bridge on Terra Classic are recommended to use this opportunity to redeem their Terra Classic assets,” the announced.
Just yesterday, the company made another crucial announcement via X. The company unveiled what it intends to be the final upgrade to the blockchain, known as Proposal 4818. This comes as part of the company’s broader strategy to conclude its direct involvement in active development within the ecosystem due to its ongoing legal and financial restructuring.
The statement elaborated: “As TFL begins winding down its operations, Proposal 4818 will be the final chain upgrade that we implement. Pursuant to TFL’s settlement with the SEC and implementation of its proposed chapter 11 plan, TFL will no longer have the ability to support future chain upgrades.”
The announcement marks a pivotal transition from Terraform Labs-led development to community-driven efforts to sustain and possibly evolve the blockchain infrastructure. “Going forward, we look to community-driven initiatives such as the Phoenix Directive (@phoenix_dir) to take over maintenance and operational responsibilities for the blockchain,” TFL wrote via X.
Today, August 28, Terraform Labs announced the reopening of the Shuttle Bridge interface. This platform is crucial for users who hold wrapped versions of LUNC (Luna Classic) and USTC (TerraUSD Classic), facilitating their transfer between the blockchain and other prominent blockchains such as Ethereum, BNB Chain (BSC), and Harmony.
The announcement detailed the operational window for this service, stating: “The new Shuttle Bridge interface to redeem wrapped assets is now open. […] The bridge will remain open from now until 30 days after the effective date of the chapter 11 plan, which is estimated to be on or around 30 October 2024. Opening the bridge gives you the opportunity to redeem your assets and use them as you wish. Please ensure you redeem your assets as soon as possible to avoid any issues.”
This interface not only enables the retrieval of assets from these blockchains to Terra Classic but also marks a limited-time opportunity for users to redeem their wrapped assets before the company progresses further in its bankruptcy resolution. After the bridge closes, all crypto assets still in the contracts will be burned. Thus, this the last opportunity for users before the bridge will be permanently shut down. “Users of the Terra Shuttle bridge on Terra Classic are recommended to use this opportunity to redeem their Terra Classic assets,” the announced.
Just yesterday, the company made another crucial announcement via X. The company unveiled what it intends to be the final upgrade to the blockchain, known as Proposal 4818. This comes as part of the company’s broader strategy to conclude its direct involvement in active development within the ecosystem due to its ongoing legal and financial restructuring.
The statement elaborated: “As TFL begins winding down its operations, Proposal 4818 will be the final chain upgrade that we implement. Pursuant to TFL’s settlement with the SEC and implementation of its proposed chapter 11 plan, TFL will no longer have the ability to support future chain upgrades.”
The announcement marks a pivotal transition from Terraform Labs-led development to community-driven efforts to sustain and possibly evolve the blockchain infrastructure. “Going forward, we look to community-driven initiatives such as the Phoenix Directive (@phoenix_dir) to take over maintenance and operational responsibilities for the blockchain,” TFL wrote via X.
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Coin exchange rate
$BTC 59112.749 USD (+2.75%) 🟢$LUNC 0.00007884 USD (+6.27%) 🟢$LUNA 0.34352276 USD (+5.88%) 🟢Luna Classic struggles to overcome key resistance: Big drop ahead?
Luna Classic showed bullish momentum on the daily timeframe but the buying volume does not predict a range breakout.
Retested the two-month-old range’s highs during the recent rally but was unable to breach the resistance level. It climbed past the mid-range level on the 21st of August when
The bankruptcy court order in Terraform Labs’ case meant the Shuttle Bridge could be opened to facilitate token movements between Terra and other blockchains. This could help in the company’s restructuring efforts.Luna Classic has traded within the $0.0000637-$0.0000964 range since early July. Its most recent attempt the break the range highs met with failure. According to the Awesome Oscillator, the momentum was bullish but weakening.
The OBV was unable to break the highs from July, which meant the buying volume was not large enough to boost the chances of a LUNC breakout. The current market price was still above the mid-range support level. It is unclear if prices can hold this level or will be headed for a deeper price drop. The liquidity charts offered some clues.The cumulative liq levels delta of the past few days has been intensely negative. The conclusion here is that a short squeeze is likely before the move to the range lows can commence.The $0.000087 and $0.000091 levels were the short-term bullish targets.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionAkashnath Sumukar works as a Senior Journalist at AMBCrypto. Based in Chennai, India, he has been an avid follower of the cryptocurrency market since Bitcoin’s boom and bust cycle of 2017. A graduate in Chemical Engineering, he is an expert in technical analysis.
Luna Classic showed bullish momentum on the daily timeframe but the buying volume does not predict a range breakout.
Retested the two-month-old range’s highs during the recent rally but was unable to breach the resistance level. It climbed past the mid-range level on the 21st of August when
The bankruptcy court order in Terraform Labs’ case meant the Shuttle Bridge could be opened to facilitate token movements between Terra and other blockchains. This could help in the company’s restructuring efforts.Luna Classic has traded within the $0.0000637-$0.0000964 range since early July. Its most recent attempt the break the range highs met with failure. According to the Awesome Oscillator, the momentum was bullish but weakening.
The OBV was unable to break the highs from July, which meant the buying volume was not large enough to boost the chances of a LUNC breakout. The current market price was still above the mid-range support level. It is unclear if prices can hold this level or will be headed for a deeper price drop. The liquidity charts offered some clues.The cumulative liq levels delta of the past few days has been intensely negative. The conclusion here is that a short squeeze is likely before the move to the range lows can commence.The $0.000087 and $0.000091 levels were the short-term bullish targets.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionAkashnath Sumukar works as a Senior Journalist at AMBCrypto. Based in Chennai, India, he has been an avid follower of the cryptocurrency market since Bitcoin’s boom and bust cycle of 2017. A graduate in Chemical Engineering, he is an expert in technical analysis.
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LUNC News: The community members have claimed that some validators are apparently violating the chain rules. A proposal is suggested regarding the violation of the dynamic commission (DynComm) rule by validator “JESUSisLORD 2”. Meanwhile, Terra Luna Classic price has dropped another 2% over the last day amid broader crypto market uncertainty.
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$BTC 56739.925 USD (-4.01%) 🔴$LUNC 0.00007570 USD (-3.97%) 🔴$LUNA 0.33398114 USD (-2.78%) 🔴A Terra Luna Classic community member has submitted a proposal for discussion in a commonwealth forum alleging that JESUSisLORD 2 (JIL2) validator is violating the network rule. He claimed that the validator has created a secondary validator under the same entity to circumvent the rule, violating DynComm rule.
LUNC community members agree this behavior sets a harmful precedent, while some argue that the rule regarding second validator doesn’t explicitly exist. Instead of immediate punitive actions, the proposal aims to give a formal warning to the validator, without imposing immediate consequences.
Terra Luna Classic community implemented the dynamic commission to promote fairness and prevent centralization. This rule dynamically adjusts the commission rate based on a validator’s voting power, allowing distribution among other validators.
Happy Catty Crypto, another LUNC validator with high voting power, noted that the chain is subjected to a significant amount of abuse. He revealed that a community member Rexyz operates three nodes, one for each division of his project. Other members also agree with cleaning the chain to maintain ethical standards.
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Terra Luna Classic ecosystem tokens saw a massive selloff amid the broader crypto market meltdown. LUNC and USTC prices dropped 14% as traders liquidated long positions despite the opening of Shuttle Bridge by Terraform Labs.
LUNC price failed to hold above the $0.000080 support in the last 24 hours amid market uncertainty, with the price currently trading at $0.00007907. The 24-hour low and high are $0.00007738 and $0.00008084, respectively. Moreover, trading volume has slipped by 32% in the last 24 hours.
Terra Luna Classic price shows weakness as it trades under 50-DMA (red). It has also slipped below the descending trendline, indicating the price is under pressure with RSI also sliding lower.
Meanwhile, USTC price climbed more than 2%, with the price now trading at $0.0161. Traders are buying the dip as the price dropped 14% in a week. However, the trading volume saw a 47% drop over the last day.
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$BTC 57158.899 USD (+0.74%) 🟢$LUNC 0.00007687 USD (+1.52%) 🟢$LUNA 0.34013345 USD (+1.84%) 🟢Terra Luna Classic Addresses Chain Violation, LUNC Plunges 16%
Terra Luna Classic’s (LUNC) Layer-1 blockchain faces another downturn as a verbal conflict among chain validators emerges. Specifically, member BullBoss5 penned a proposal to address the violation of the Dynamic Commission mechanism.
“First, we should issue a proposal that clearly outlines the dynComm rule and formally warns JIL2 about the violations, without imposing any immediate consequences,” states the proposal’s text on CommonWealth. The proposal implies that LUNC chain validator JESUSisLORD created a secondary validator node, JESUSisLORD 2, which goes against the chain’s guidelines.
The proposal accuses JESUSisLORD of fragmenting voting power via two different validator nodes to maintain lower commission rates on the chain. If it passes, this proposal will issue a formal warning message to the LUNC validator, giving time for corrective action.
Terra Luna Classic’s (LUNC) Layer-1 blockchain faces another downturn as a verbal conflict among chain validators emerges. Specifically, member BullBoss5 penned a proposal to address the violation of the Dynamic Commission mechanism.
“First, we should issue a proposal that clearly outlines the dynComm rule and formally warns JIL2 about the violations, without imposing any immediate consequences,” states the proposal’s text on CommonWealth. The proposal implies that LUNC chain validator JESUSisLORD created a secondary validator node, JESUSisLORD 2, which goes against the chain’s guidelines.
The proposal accuses JESUSisLORD of fragmenting voting power via two different validator nodes to maintain lower commission rates on the chain. If it passes, this proposal will issue a formal warning message to the LUNC validator, giving time for corrective action.
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LUNC Validator Responds to Allegations
JESUSisLORD recognized the push to tombstone the two associated validators as “dangerous.” He insisted they “have broken no chain rules,” both chain validators have been operating smoothly with high uptime.
We have numerous members in the #LUNC community who are not content to just disagree, argue, accept that others believe differently and vote differently, but they want to censor their opposition using extreme measures.
The push to tombstone my validators JESUSisLORD and…
JESUSisLORD recognized the push to tombstone the two associated validators as “dangerous.” He insisted they “have broken no chain rules,” both chain validators have been operating smoothly with high uptime.
We have numerous members in the #LUNC community who are not content to just disagree, argue, accept that others believe differently and vote differently, but they want to censor their opposition using extreme measures.
The push to tombstone my validators JESUSisLORD and…
“I will take all available legal options to stop this and to defend and protect my validators and my delegates,” states JESUSisLORD’s X message.
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Coin exchange rate
$BTC 55789.298 USD (-2.4%) 🔴$LUNC 0.00007532 USD (-2.0%) 🔴$LUNA 0.32661648 USD (-3.97%) 🔴