• Terra Luna Classic (LUNC) has seen a recent surge in price due to a bullish announcement from Binance.
• Terra Classic (LUNC) was launched in 2019 as a proof-of-stake blockchain, built on Cosmos SDK and Tendermint.
• Binance will be making changes to their burning of LUNC trading fees in order to contribute to the sustainability of the network.
The price of Terra Luna Classic (LUNC) has been on the rise over the past few days, thanks to a bullish announcement from the world’s leading cryptocurrency exchange, Binance. LUNC is a cryptocurrency launched in 2019 by Terraform Labs, built on Cosmos SDK and Tendermint as a proof-of-stake blockchain. The token has been endorsed by Terra’s decentralized stablecoins, with Terra ClassicUSD being backed by LUNC.
In light of the recent developments outlined in Proposal 10983 and Proposal 11111, where LUNC burn is being re-minted as a development fund, Binance will be making changes to their burning of LUNC trading fees. This is an effort to contribute to the sustainability of the network and promote further growth of the token.
The full details of the proposed changes are available on Binance’s official website. The forecasts do not provide a one hundred percent positive outlook, however. There are a lot of different factors that will have an impact on the price of LUNC and alter the way that currency changes to the state of the market.
It is important to keep in mind that the Terra Luna Classic price predictions are speculative and are not a sure thing. The volatile nature of the cryptocurrency market means that prices can rise and fall quickly, so it is important to do your own research and only invest what you are willing to lose.
In any case, the recent news from Binance has been very bullish for the price of LUNC and it is likely to continue to rise in the near future. Those interested in investing in LUNC should keep an eye on the news and follow the updates coming from Binance to stay up to date on the latest developments.