Terra Classic

Terra

<p style="text-align: justify">The world’s largest cryptocurrency exchange, <a href="https://en.coin-turk.com/binance-announces-listing-of-new-altcoin-celestia-tia/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, made an important announcement on Monday regarding adjustments made to leverage and margin tiers involving specific crypto perpetual contracts. Among the affected contracts is the 1000LUNCUSDT perpetual contract, which has led to an increase in the price of Terra Classic (LUNC).</p>
<h2 style="text-align: justify" id="binance-update">Binance Update</h2>
<p style="text-align: justify">According to the announcement made by Binance, there will be an increase in the margin rate for positions ranging from 0 to 5000 in the 1000LUNCUSDT perpetual contract.</p>
<p style="text-align: justify">Additionally, there will be no changes in the leverage ratio of 21-50x, which will remain the same. As a result of this adjustment, traders will now need to hold a larger amount of LUNC in their deposit accounts to engage in trading activities involving perpetual contracts.</p>
<p style="text-align: justify">In addition to the changes in the LUNC contract, developments have also occurred with other altcoins. Binance has made changes to leverage and margin tiers for certain perpetual crypto contracts.</p>
<p style="text-align: justify">The affected trading pairs include TOMO/<a href="https://en.coin-turk.com/tether-takes-action-against-terrorism-and-crime/" data-wpel-link="internal" rel="noopener noreferrer nofollow">USDT</a>, MINA/USDT, YFI/USDT, KLAY/USDT, ZIL/USDT, QTUM/USDT, ENS/USDT, KSM/USDT, ONT/USDT, and SUSHI/USDT. There has also been a noticeable change in the maximum funding rates for these altcoins.</p>
<h2 style="text-align: justify" id="what-is-the-price-of-terra-classic-lunc">What is the Price of Terra Classic (LUNC)?</h2>
<p style="text-align: justify">According to data provided by CoinGecko, the depletion of both 1000LUNC and LUNC’s lower liquidation zones has resulted in upward price movement, as traders close their positions. Furthermore, the 1000LUNC perpetual contracts seem to have captured a significant portion of the trading volume on Binance, accounting for an impressive 47% of the <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> share in the past 24 hours.</p>
<p style="text-align: justify">As of the time of writing, LUNC is trading at $0.00006665 and is experiencing a 2% decline compared to a 5% increase recorded yesterday. The 24-hour low and high prices for LUNC are $0.0000641 and $0.0000676, respectively.</p>
<p><img decoding="async" class="aligncenter size-full wp-image-274262" src="https://coin-turk.com/wp-content/uploads/2023/11/lunc-usdt-grafik.png" alt="" width="2048" height="972"></p>
<h2 style="text-align: justify" id="institutional-interest-and-risk-management">Institutional Interest and Risk Management</h2>
<p style="text-align: justify">Following the decision made by Binance regarding LUNC/USDT, the reasons behind the decision are starting to emerge. According to the announcement, Binance appears to be trying to protect traders from the risk of liquidation in the event of a significant drop in the price of LUNC.</p>
<p style="text-align: justify">The positive reactions from LUNC investors combined with Binance’s decision suggest that the situation may be interpreted as a bullish signal. Consequently, the increase in the margin rate for LUNC/USDT contracts by Binance is seen as an important decision for LUNC. The aftermath of the decision has revealed a strong interest in trading LUNC among investors.</p> Continue Reading: <a href="https://en.coin-turk.com/binance-announces-important-updates-on-crypto-contracts/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/binance-announces-important-updates-on-crypto-contracts/</a>

Binance Announces Important Updates on Crypto Contracts

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