Token

Burn

Terra Classic

Terra

<ul class="news-points">
 <li><strong>With a 90% token burn projection, LUNC faces bearish pressure as the price dips.</strong></li>
 <li><strong>Rising trading volume indicates investor interest in LUNC despite the market drop.</strong></li>
 <li><strong>LUNC prices might be reversing despite bearish pressure at lower levels and a rising RSI.</strong></li>
</ul>
<p>Bears have dominated the <a href="https://coinedition.com/tag/terra-luna-classic-lunc/" rel="noopener noreferrer nofollow">Terra Classic (LUNC)</a> market in the past 24 hours, lowering the price from an intra-day high of $0.00005797 to a 30-day low of $0.00005525. This negative trend shows that market bears are exerting significant selling pressure. At press time, LUNC was valued at $0.00005616, representing a 3.23% drop from its 24-hour high.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24LUNC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LUNC</a> will burn 90% Of token we will go straight to $100 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/LUNC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#LUNC</a> <a href="https://twitter.com/hashtag/TerraClassic?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#TerraClassic</a> <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> <a href="https://t.co/7MgS7HyqSE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/7MgS7HyqSE</a></p>— Terraport Finance  (@TerraValidators) <a href="https://twitter.com/TerraValidators/status/1711569675325231139?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 10, 2023</a>
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<p>However, the project’s team’s 90% token burn projection may generate optimistic sentiment in the market, leading to a probable price rebound. This burn lowers the overall amount of LUNC tokens, creating scarcity and driving up market demand.</p>
<p>During the recession, LUNC’s market capitalization fell by 2.98% to $326.04 million, but its 24-hour trading volume increased by 99.07% to $12.1 milli…</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/lunc-token-nosedives-to-a-30-day-low-as-market-eyes-token-burn/">LUNC Token Nosedives to a 30-Day Low as Market Eyes Token Burn</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

LUNC Token Nosedives to a 30-Day Low as Market Eyes Token Burn

Coin Edition

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