Terra Luna Classic Surges, Becoming This Week's Star Performer

Terra Luna Classic Surges, Becoming This Week’s Star Performer – Is $1 Valuation by 2023 in Sight?

Updated: 09 June 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The price of the Terra Luna Classic (LUNC) token is experiencing a significant increase before its anticipated Parity upgrade, although the upgrade has yet to be confirmed. Is the $1 valuation for LUNC by 2023 in play?

LUNC has risen by approximately 15% in the past few days, marking its most enormous surge. At the time of writing the price of LUNC is $0.000107. Moreover, the token’s trading volume has also seen a substantial rise, increasing by 750%.

The trading volume of Terra Classic (LUNC) has reached approximately $395 million, which is significant considering the token’s previous decline in popularity. Its market capitalization is around $600 million, showing a more than 20% increase in the last 24 hours. However, it is still far from its peak of $40.99 billion and is unlikely to reach those levels again.

Parity Upgrade v2.10 and Token Burn

The upcoming Parity upgrade for LUNC, v2.1.0, primarily focuses on improving governance. Notable features of the upgrade include the implementation of a minimum 5% commission for validators, the introduction of Cosmwasm v1.1.x, and two security updates.

The LUNC community actively reviews and discusses the proposed upgrade, with the joint L1 Task Force (LITF) leading the development process. If approved, the upgrade is scheduled to take place on June 14. Crypto whales, who hold large amounts of cryptocurrency, also buy significant quantities of LUNC in preparation for the upgrade.

Additionally, Binance recently conducted a token burn, destroying 1.04 billion Terra tokens. This independent action by Binance contributed to a significant price increase for Terra Luna Classic. The token burn was the tenth in a series, resulting in 33 billion LUNC tokens being burned.

LUNC Daily Chart Analysis – $1 In Sight?

LUNC/USD Chart Analysis according to trading view on 6/9/2023 — LUNC/USD Chart Analysis. Source: Tradingview.com

The price of Terra Luna Classic has been operating at the support level of $0.00008270. However, recently the price spiked on a buy trend indicated by the bullish green candle, attracting massive investor attention. The price declined shortly after forming a critical support level. Additionally, the price is trading above the 50-day moving average, which is also acting as a support for the price.

At the time of writing, the small red candle indicates a sharp decline, but the price is still expected to buy above the resistance level at $0.0001279. With the upcoming Parity upgrade for LUNC, v2.1.0, the price of LUNC is expected to soar higher to the former resistance level.

Investors should consider Launchpad XYZ as they monitor the potential for LUNC’s price to rise with the upcoming Parity upgrade, v2.1.0.

Launchpad XYZ – the Next Big Thing

The meme coin space in the crypto market is dynamic and requires investors to always be on the lookout for the next candidate to explode. Launchpad XYZ is a new crypto project aiming to launch in Q3 2023, following its ongoing presale. The project aims to improve the user experience of the Web 3 ecosystem by creating an inviting and inclusive interface.

Launchpad XYZ offers NFTs, decentralized exchanges, metaverse experiences, and Play-to-Earn hubs. These elements are joined using AI-driven technology, which may benefit early adopters. The native coin of the platform, $LPX, has already raised $934,756 in its ongoing presale.

However, some may question whether Launchpad’s offering could be more ambitious by combining multiple elements. In our Launchpad price prediction, we will assess the project’s fundamentals and its alignment with the current needs of the crypto market.

Launchpad XYZ has attracted the attention of professionals and crypto enthusiasts due to its recent achievements. The token’s price began at $0.035 and has now risen to $0.0445. This upward trend has led experts to advise acquiring tokens promptly, as they predict a substantial price surge. The next price increase to $0.046 will occur once the presale reaches $1.55 million.

Investors expect $LPX to be in high demand upon its public release. However, early investors can acquire it at a discounted price during the Launchpad XYZ presale. Currently trading at $0.0445, $LPX offers a 22% discount compared to the planned listing price of $0.0565. Launchpad XYZ exhibits promising prospects as a cryptocurrency, and experts anticipate significant growth.

Traders and investors will find the $LPX token essential for maximizing their experience on Launchpad XYZ. Holding $LPX offers benefits such as discounted platform subscriptions, guaranteed allocations for new crypto presales, savings on trading fees, and partner discounts provided by Launchpad XYZ. Purchasing Launchpad during the presale is a straightforward process that can be completed using ETH, BNB, USDT, or a bank card.