Luna classic is constantly on the rise


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  • 1 year ago
  • Terra Classic
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LUNA Classic ( LUNC ) is up 70% from its August 20 low following the implementation of plans to revive the ailing network.
LUNA Classic ( LUNC ) is up 70% from its August 20 low following the implementation of plans to revive the ailing network. The purpose of the original Terra Luna token was to absorb the price drifts of the UST stablecoin. However, after the UST's fall in May, Terra Luna has lost more than 99.9% of its value. After the rebranding, in an effort to move away from the past, and with new staking and token burning features recently added, it is clear that the developers are taking active steps to win back investors. LUNA Classic Analysis After problems with the Terra chain, founder Do Kwon's proposal to fork the chain and create Terra LUNA was accepted by the community. The first LUNA genesis block was revealed on May 28. Meanwhile, the existing Terra chain has been renamed LUNA Classic (LUNC) and runs on the original code of the Terra ecosystem. But more importantly, it was handed over to the community for its development and management. Despite Do Kwon apparently withdrawing, LUNA Classic still bears the brunt of what has happened in the past. And right or wrong, it is related to the past. However, the recent price action shows that investors are willing to forgive and move on. Over the past 30 days, LUNC has gained 54% and is up 70% from its August 19th local base. While the current price is still a small fraction of the all-time high, the revival plan appears to have sparked interest among the investment community.
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Terra Classic

You can easily buy Terra Classic tokens on Uniswap. -- of this token were produced. It use...

Price

0,000100200

MarketCap

658,134,936

Total Supply

6,906,229,037,364
Contract
F6v4wfAdJB8D8p77bMXZgYt8TDKsYxLYxH5AFhUkYx9W

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