{"id":254049,"date":"2022-08-26T19:00:00","date_gmt":"2022-08-26T13:30:00","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=254049"},"modified":"2022-08-26T16:19:13","modified_gmt":"2022-08-26T10:49:13","slug":"terra-classic-holders-would-be-happiest-to-know-this-upgrade","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/terra-classic-holders-would-be-happiest-to-know-this-upgrade\/","title":{"rendered":"Terra Classic holders would be happiest to know about this upgrade"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Terra Classic [LUNC] recently stole the limelight from several cryptocurrencies after sitting on the backbench for a couple of months. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The crypto\u2019s value surged over the last few hours by nearly 20%, making it one of the most discussed coins on 26 August. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, LUNC was trading at $0.00011816 with a total supply of 6,907,072,876,045. The most prominent reason for this sudden surge is the release of LUNC\u2019s new network update, which brought new hopes to investors.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<figure id=\"attachment_254050\" aria-describedby=\"caption-attachment-254050\" style=\"width: 1161px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNC_1D_graph_coinmarketcap.png\"><img decoding=\"async\" class=\"size-full wp-image-254050\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNC_1D_graph_coinmarketcap.png\" alt=\"\" width=\"1161\" height=\"500\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNC_1D_graph_coinmarketcap.png 1161w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNC_1D_graph_coinmarketcap-300x129.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNC_1D_graph_coinmarketcap-1024x441.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNC_1D_graph_coinmarketcap-768x331.png 768w\" sizes=\"(max-width: 1161px) 100vw, 1161px\" \/><\/a><figcaption id=\"caption-attachment-254050\" class=\"wp-caption-text\">Source: CoinMarketCap<\/figcaption><\/figure>\n<h3><strong>Community\u2019s excitement is for real\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">During this price surge, Twitter was flooded with LUNC supporters as they reacted to the price hike after months of inactivity. Overjoyed &#8220;twitteratis&#8221; also spoke about the possibility of LUNC hitting $1. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Though that development might not happen anytime soon, the good news is that along with the price, a massive rise in 24-hour trading volume was also seen on the chart. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The volume went from $50 million on 25 August to more than $300 million on 26 August. Thus, indicating the increasing interest of investors in the token.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, it&#8217;s here to be noted that the new network upgrade is a major game changer as it brings along with it the much talked about 1.2% tax burn, which is expected to change LUNC&#8217;s fate. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the plan, the burn <\/span><span style=\"font-weight: 400;\">protocol will be implemented on 27 August. This too sparked a new flare of excitement in the community.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the implementation of the protocol, for every buy\/sell transaction, 1.2% of LUNC coins will be burned until the supply reaches the 10 billion mark. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">By limiting users&#8217; and trading bots&#8217; short-term trading, a 1.2% burn would encourage long-term investors. This would also help LUNC rise up the ladder in the coming months.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><strong>It&#8217;s up and up from here<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Not to forget, after the massive Terra crash, LUNC\u2019s price plunged severely, and since then the token has struggled to push its price upward. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, looking at certain metrics and LUNC\u2019s price chart suggested the scenario had finally changed. With the recent gains and the network upgrade, things seem to be in favor of LUNC.<\/span><\/p>\n<figure id=\"attachment_254053\" aria-describedby=\"caption-attachment-254053\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Terra-Classic-LUNC-13.41.06-26-Aug-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-254053\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Terra-Classic-LUNC-13.41.06-26-Aug-2022.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Terra-Classic-LUNC-13.41.06-26-Aug-2022.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Terra-Classic-LUNC-13.41.06-26-Aug-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Terra-Classic-LUNC-13.41.06-26-Aug-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Terra-Classic-LUNC-13.41.06-26-Aug-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Terra-Classic-LUNC-13.41.06-26-Aug-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Terra-Classic-LUNC-13.41.06-26-Aug-2022-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-254053\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Nonetheless, the token\u2019s social dominance witnessed a plunge while the coin was gaining upward momentum in price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, Santiment\u2019s chart also indicated a subtle incline in LUNC\u2019s development activity after 25 August, this might help build more trust.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, a look at LUNC\u2019s four-hour chart painted a similar picture of bullish market conditions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 20-day EMA indicated buyers&#8217; advantage. The reading of Moving Average Convergence Divergence (MACD) also hinted at a bullish momentum. Thus, increasing the possibility of a further surge in its price over the coming days.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<figure id=\"attachment_254054\" aria-describedby=\"caption-attachment-254054\" style=\"width: 1814px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNCBUSD_2022-08-26_13-47-09.png\"><img decoding=\"async\" class=\"size-full wp-image-254054\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNCBUSD_2022-08-26_13-47-09.png\" alt=\"\" width=\"1814\" height=\"778\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNCBUSD_2022-08-26_13-47-09.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNCBUSD_2022-08-26_13-47-09-300x129.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNCBUSD_2022-08-26_13-47-09-1024x439.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNCBUSD_2022-08-26_13-47-09-768x329.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/LUNCBUSD_2022-08-26_13-47-09-1536x659.png 1536w\" sizes=\"(max-width: 1814px) 100vw, 1814px\" \/><\/a><figcaption id=\"caption-attachment-254054\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, the Relative Strength Index (RSI) indicated that LUNC was near the overbought zone, which can affect LUNC\u2019s price adversely. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With all the new developments within the LUNC ecosystem, investors should keep an eye on the coin and make trading decisions cautiously.\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terra Classic [LUNC] recently stole the limelight from several cryptocurrencies after sitting on the backbench for a couple of months. The crypto\u2019s value surged over the last few hours by nearly 20%, making it one of the most discussed coins on 26 August. At the time of writing, LUNC was trading at $0.00011816 with a<a href=\"https:\/\/ambcrypto.com\/terra-classic-holders-would-be-happiest-to-know-this-upgrade\/\">Continue reading <span class=\"sr-only\">&#8220;Terra Classic holders would be happiest to know about this upgrade&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":254079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[3492],"class_list":["post-254049","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-lunc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Terra Classic holders would be happiest to know about this upgrade - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Terra Classic [LUNC] recently stole the limelight from several cryptocurrencies after sitting in the backbench for a couple of months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/terra-classic-holders-would-be-happiest-to-know-this-upgrade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terra Classic holders would be happiest to know about this upgrade - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Terra Classic recently stole the limelight from several cryptocurrencies after sitting on the backbench for a couple of months. 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