Terra Luna Classic Price Prediction – Is LUNC a Good Investment Now?
Terra’s Luna Classic (LUNC) has recently seen a price increase that took it from the lowest point this month, at $0.0002282 to $0.0002513. While a fairly low increase, it is still notable, as it suggests that the project might be recovering, especially after recent news involving a 4-year plan to bring back value to the token.
However, the increase was then suddenly interrupted, possibly by the recent development that has seen the minting of 200 million LUNC.
The surprise comes due to the fact that Terra Classic is now trying to burn LUNC tokens in order to reduce the supply. And yet, on October 26th, the community was confused after seeing a green candle emerge on StakeBin, indicating that someone minted around 173 million LUNC.
The explanation came quickly after members of Terra Rebels, a developer team supporting the Terra Classic chain, clarified that the new LUNC came from the community’s approval of the recent proposal 5234.
As it turns out, the community was warned that something like this might happen, and they were instructed not to panic, as it is an expected possibility.
Another surprising development for Terra came from Google data, compiled and reported by Fintech Times. According to the report, Terra somehow became the second-most searched crypto in the US as a whole, bested only by Bitcoin. However, in as many as 14 states, the token holds the number one place as the most searched cryptocurrency.
The states in question include Alabama, California, Georgia, Massachusetts, New Jersey, North Carolina, Tennessee, Arkansas, Colorado, Illinois, Nevada, New York, Pennsylvania, and Washington. The report also noted that the new development offers insight into what American investors are interested in, and that Bitcoin
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