Terra Luna Classic price prediction is now bullish after LUNC bounced off the 50-day moving average support area of $0.00022525. Most of LUNC's bullish trend is driven by the new burn mechanism.
Binance, a cryptocurrency exchange, has created a new burn mechanism for the Luna Classic (LUNC) token, bringing renewed interest to the original Terra chain's token.
The question now is how high LUNC can rally by 2023. Let's find out!
Binance Implements Terra Classic (LUNC) Burn Mechanism
Accordingly to Binance's announcement, the exchange decided to develop a burn mechanism to transfer all trading fees on LUNC spot and margin trading pairs to the LUNC burn address. This announcement will be updated weekly with the precise quantity of LUNC to be burned, its corresponding value in USDT, and the on-chain transaction ID.
About 7.2 billion LUNC were burned in batch 1 of LUNC burn. However, There has been no apparent change in the rate of cryptocurrency burns nearly two weeks after the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...