Terra Luna Classic has recently garnered significant attention from traders due to its increasing trading volume.
Increasing Trading Volume and Token Burn
The Terra Luna Classic Foundation announced that LUNC’s trading volume on Binance reached 2.27 trillion tokens last week. They revealed that 50% of the trading fees collected would be allocated for the repurchase and burning of LUNC tokens. This announcement has strengthened traders’ expectations for price increases, as a decreasing token supply positively impacts prices.
Community and Governance Developments
The Terra Classic community has made notable advancements in governance. A proposal to transfer access to the CoinMarketCap dashboard to Allnodes was approved, increasing transparency and improving operations. This development further boosted investor confidence.
Current Trends and Forecasts
LUNC’s price experienced a decline of over 1.5%, dropping to $0.0001088, with trading volume falling by 65% to $68 million. Nonetheless, recent price analyses suggest a potential increase of 480%, proposing that the price could reach $0.000593.
The rise in trading volume and governance developments support optimism about a possible future price increase for LUNC. Traders continue to monitor upcoming events closely.
