Terra Luna Classic Price Prediction as $100 Million Trading Volume Comes In – $1 LUNC Incoming?
In the world of cryptocurrencies, Terra Luna Classic (LUN) has been making waves recently, as its price has been on the rise following a surge in trading volume. With the volume of trading reaching $100 million, many investors are speculating that the price of LUN could reach $1 in the near future.
This prediction has created a lot of excitement and buzz in the cryptocurrency community, as people wonder whether Terra Luna Classic will continue to rise in value, or if this is just a temporary uptick.
In this article, we will explore the factors driving this recent surge in price and what the future might hold for Terra Luna Classic.
On February 15, the Terra Classic blockchain was updated to version 1.0.5, which was successfully implemented at block height 11,543,150. This update is significant as it enables Binance, a popular cryptocurrency trading platform, to resume burning Terra Classic (LUNC) tokens. Additionally, the update aims to address a state-breaking bug in the upgrade keeper, which is responsible for maintaining the current version mappings of various modules in the application memory.
Overall, this update represents a positive development for the Terra Classic community, as it not only improves the platform's functionality but also enhances its security and reliability.
In the past week, the Terra LUNA Classic community burned over 15 million LUNC tokens, which is an increase from the 12 million LUNC tokens burned in early January. This milestone, which was set by the community, indicates progress toward the goal of burning billions of LUNC tokens by 2023. The community believes that regular burns, along with reviving the utility of LUNC, will enable the token's price to reach $1 by the end of 2023.
However,
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