LUNC Emerges as Best Performing Coin Despite Market Crash – What's Driving the Surge?

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Despite the prevailing passive sentiment in the overall cryptocurrency market, Terra Luna Classic has established itself as one of the standout performers. This comes amid recent developments within its ecosystem. Several factors have played crucial roles in bolstering the cryptocurrency’s position. Among them, the successful migration of TerraSwap Contracts and listing of LUNC on a global exchange. Others include the introduction of a revised Q3 proposal by Terra Classic developers and the remarkable increase in staked LUNC.

The broader crypto market grappled with pressure from recent legal actions taken by the SEC against Binance.US and Coinbase. Meanwhile, LUNC has managed to sustain its positive growth trajectory.

Key factors contributing to impressive LUNC performance.

Successful TerraSwap Contracts’ Migration

The migration of TerraSwap contracts on TerraClassic was finished on June 20, boosting LUNC prices. Moreover, the contracts have been fully audited by chainlight.io, instilling confidence in the security and reliability of TerraSwap.

ATTENTION! 🔊#LUNACLASSIC Community,

TerraSwap (@terraswap_io) Contracts migration on #LUNC has been completed. Also The contracts have been fully audited by @chainlight_io giving TerraSwap a extra level of security.

The feature updates below resolve all issues identified in… https://t.co/BYvkUxcayO

— LunaClassicNetwork (@LunaClassicNet) June 20, 2023

Notably, the feature updates implemented in response to the audit report have effectively resolved all identified issues. Users can also set a transaction deadline, ensuring that trades are not executed after the specified timeframe.

However, concerns regarding losses resulting from delays between simulation and actual execution have been alleviated. Moreover, when executing a transaction, a pair takes the constantly changing ratio, while the remainder is promptly refunded to the user.

KoinBX Listing

On June 21, Terra Classic was listed on KoinBX Global Crypto Exchange for trading. The exchange listed two pairs LUNC/INR and LUNC/USDT.

Terra Classic (LUNC) is now live on KoinBX!!

Buy, Sell, and Trade LUNC with INR and USDT on KoinBX.

LUNC/INR – https://t.co/4LcPxCDMFi

LUNC/USDT – https://t.co/7saGfjUeY8

Download our Android App –https://t.co/5H1hB0KiGW

Download our iOS App – https://t.co/cZOrRhDMs1… pic.twitter.com/vTCBcfq0Bu

— KoinBX: Global Crypto Exchange (@KoinBX) June 21, 2023

This was another major reason behind the strong performance of the LUNC token. The listing has opened doors for new traders from around the world for Tera Luna Classic trading. It will ultimately improve its performance based on volume metrics.

LUNC Developers Revised Q3 Proposal

On June 22, The Terra Luna Classic core developer Joint L1 Task Force (L1TF) presented a revised proposal. They plan to advance the network’s development and maintenance in the third quarter. The primary objective of the L1TF developer group is to enhance and expedite the reduction of LUNA and USTC supply. This will be through the market module.

Terra Classic (LUNC) Developers Revise Q3 Proposalhttps://t.co/Vd5NwXLWlc

L1TF proposes a maximum quota for LUNC supply in July and August. Terra Classic will transfer from Columbus-5 to Columbus-6#crypto #bitcoin #coin #blockchain #ethereum #btc pic.twitter.com/lJvWpv2oBk

— NewsCryptoCoin (@newscryptocoin_) June 21, 2023

The revised Q3 proposal outlines the activities and budget for the Terra Luna Classic development team. It focuses on achieving parity with Terra 2.0 and other Cosmos blockchains. Parts of the proposal include:

Upgrading the Cosmos SDK and Tendermint
Implementing a 5% minimum validator commission, and
Introducing key objectives and activities such as testing the market module and managing LUNC supply.

Additionally, there are plans to migrate to Columbus-6, implement CometBFT, maintain a bug bounty program, and re-enable the swap mechanism. The proposal also intends to introduce the Alliance module and Token Factory are included. Others include collaborating with Edward Kim for the Block Entropy AI app chain and cooperation with the ‘quant’ team for USTC repeg.

The proposal includes a detailed budget, specifying salaries, discretionary budget, and operational expenditure. Overall, the revised Q3 proposal aims to enhance Terra Luna Classic’s functionality, security, and interoperability. This proposal has also raised expectations for the future growth of LUNC, which is adding to its recent price surge.

Staked LUNC Reaches Higher Levels

On Thursday, the staked LUNC rose by 14.91% to its all-time high of 1,020,524,418,556. It suggests whales prefer to stake their LUNC holdings. This might also be the reason behind the strong performance of LUNC.

Higher and higher 🚀$LUNC #LUNC #LuncArmy #LuncBurn #LUNCCcommunity #TerraClassic #Crypto #LunaClassic #LunaClassicHQ #CryptoNews #cryptotrading #Terra #DEX #DeFi #terraport #USTC #dapps #CryptoCommunity #web3 pic.twitter.com/AJ6AEsCKgK

— Cryptomane (@cryptomaneitaly) June 22, 2023

Terra Luna Classic Price Analysis

There has been a significant upward movement in the LUNC/USDT pair, with a gain of +1.26% within the past 24 hours. This follows a significant decline during early trading hours. The price trajectory has exhibited a descending triangle pattern since June 4, hovering near the 20-EMA line (red line). However, today’s market activity witnessed a breakthrough as prices surpassed the downward-sloping trendline of the triangle, indicating a bullish signal.

The MACD histograms above the zero line further support the upward trend. However, it is worth noting that the Stochastic oscillator, near the mid-line, suggests a potential short-term negative trend. Initial support is observed at the 38% Fibonacci Retracement level, situated at 0.00008957. This is derived from the calculation spanning from the most recent peak to the lowest point. On the other hand, the 50% Fibonacci retracement level, acting as an initial resistance, is noted at 0.00009457.

While LUNC demonstrates positive growth prospects due to network enhancements and its listing on KoinBX, Ecoterra is making headlines touting its environmentally friendly attributes.

LUNC Alternative

Ecoterra is a blockchain-based initiative that has been making significant progress in its presales. It surpassed the impressive milestone of $5.29 million and steadily approaching the $5.7 million mark. This remarkable achievement underscores the overwhelming support for the project’s vision.

The primary objective of Ecoterra is to address the global climate crisis plaguing our world. By leveraging blockchain technology, Ecoterra aims to raise awareness about the importance of recycling. It also actively encourages individuals to participate in recycling efforts.

Ecoterra Presale Condition

The current stage of Ecoterra’s presale represents the final opportunity for eco-conscious investors to acquire the project’s tokens. Having already raised over $5.29 million, the token is currently priced at $0.00925. However, during this final stage, there will be a price increase of up to 8%, bringing it to $0.01. A comprehensive guide on purchasing Ecoterra tokens is available for interested parties.

We have successfully reached the impressive milestone of $5.2 MILLION! 🎉🚀

Thank you to everyone who has supported us, and let’s continue to make a positive impact together 💪💚https://t.co/1fYkPOsPYG #MilestoneAchieved #Presale #CryptoPresale #Presale #CryptocurrencyNews pic.twitter.com/84ThCoH8Sm

— ecoterra (@ecoterraio) June 20, 2023

The token supply is capped at a maximum of $2 billion, with 50% allocated to presale investors. This is without vesting terms and a strict limitation of $6.7 million. The remaining supply is distributed among liquidity (25%), marketing (10%), listing (5%), team (5%), and corporate adoption (5%). Each has a separate locking and vesting period ranging from one month to three years.

Recycle to Earn App

Ecoterra’s unique Recycle-to-Earn concept allows consumers to earn incentives by recycling everyday household waste.

🌱♻️ Unlock a world of rewards with ecoterra! #RecycleToEarn tokens that grant access to exclusive events, and green education platform 🌍💚

Join our #Presale today ⬇️https://t.co/1fYkPOsPYG #Crypto #Web3 #CryptoPresale #EcoCrypto #DeFi #Decentralised #Cryptocurrency pic.twitter.com/sp6KDZ5PUL

— ecoterra (@ecoterraio) June 20, 2023

The Recycle-to-Earn platform uses a user-friendly mobile app that enables individuals to earn $ECOTERRA tokens by recycling products. These include plastic, glass, cardboard, and other common materials.

Users can locate Reverse Vending Machines (RVMs) in numerous supermarkets worldwide, deposit their items, scan the barcode through the app, and receive Ecoterra rewards based on the item’s assigned value.

The app incorporates an AI-powered algorithm and database to facilitate this process.

Ecoterra Utility

Users can utilize their tokens, including storing and staking them to generate passive income, trading them on exchanges, or funding other global green initiatives. The tokens can support endeavors such as ocean cleanups, tree planting, or purchasing carbon credits through the Carbon Offset Marketplace. This effectively removes CO2 from the atmosphere.

🤝 @ecoterraio provides tailored recycling plans and services to our valued business partners, helping them achieve their sustainable goals⚡️♻️

Don’t miss the chance to secure your share of $ECOTERRA today 😎

Join our #Presale now ⬇️https://t.co/1fYkPOsPYG pic.twitter.com/0quexpBbRK

— ecoterra (@ecoterraio) June 17, 2023

Additionally, users can earn NFTs that track their environmental contributions. Ecoterra also facilitates a marketplace for recycled materials, connecting businesses and individuals with manufacturers interested in purchasing recycled goods.

The platform features an Impact Trackable Profile, enabling users to monitor their actions and the efforts of companies and individuals. This quantifies their positive impact. Environmentally conscious businesses can leverage this profile to enhance their brand image and attract like-minded customers.

Ecoterra Partnerships and Achievements

Ecoterra has forged partnerships with renowned global companies such as Vittel, Coca-Cola, Carlsberg, and Evian. It has also established collaboration with Ahold Delhaize, a major Dutch supermarket chain operating over 7,500 stores in 10 countries. This collaboration has provided RVMs to customers with notable locations, including Food Lion and Stop & Shop in the United States.

What are ecoterra’s UPS?

🌍Unique #R2E system compatible with RVMs globally
🌱Comprehensive sustainable solutions for all kinds of businesses
🎓Experienced team
🤝Great partnership with Delhaize

Join our #Presale now and start your recycling journey♻️https://t.co/1fYkPOsPYG pic.twitter.com/mwD1c2CQDk

— ecoterra (@ecoterraio) April 18, 2023

In recognition of its contribution to the sustainable crypto ecosystem, Ecoterra recently received an award at the Blockchain Economy Istanbul Summit. These accomplishments highlight Ecoterra’s commitment to promoting environmental sustainability while leveraging blockchain technology.

A special thanks to @BEconomy_HQ and all attendees of the 2023 Istanbul summit!

We’re honoured to receive recognition for our contribution to the sustainable crypto ecosystem 🏆

At ecoterra, we’re committed to making a positive impact and will continue striving to do better! pic.twitter.com/nyV1rLAH4j

— ecoterra (@ecoterraio) May 12, 2023