Terra Classic

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 <p class="is-style-lead">Terra Classic (LUNC) has been <a rel="noopener noreferrer nofollow" title="rally" href="https://thebittimes.com/tag/rally.html">rally</a>ing over the past week, surging more than 181% due to intense buying pressure. Further fueling interest in LUNC, Binance just completed its 16<sup>th</sup> token burn, removing 3.9 billion LUNC from circulation.</p>
 <p>As LUNC keeps drawing attention, traders are also watching new gaming <a rel="noopener noreferrer nofollow" title="altcoin" href="https://thebittimes.com/tag/altcoin.html">altcoin</a>, TG.Casino (TGC), which has raised over $3.3 million in presale.</p>
 <h2 class="wp-block-heading" id="strong-binance-burns-help-boost-terra-classic-price-to-0-00026-strong"><strong>Binance burns help boost Terra Classic price to $0.00026</strong></h2>
 <p>On Dec. 1, Binance executed its 16<sup>th</sup> token burn of LUNC, covering trading fees accumulated on the exchange from Oct. 31 to Nov. 29.</p>
 <p>Binance has burned over 43 billion LUNC from fees to date, significantly reducing the circulating supply.</p>
 <p>The recent burn of 3.9 billion tokens is significantly higher than November’s burn of 760 million tokens, the lowest amount yet.</p>
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 <p>This surge in the burn rate correlates with a massive spike in LUNC trading volumes on Binance in the final week of November.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/b6ErzVAWJI56YsuJxM6XUhNwHdgIfF9LS0SXvOF1mGdPpFaJUOVfEmctj1NCHGmRTzfOp00snyGgPRBhOrLxnsQJf7cKZZD-hW0ntbrcwIF5pn2LVR6-ldfN0akTzi8AHzuT0LhD4SneDdOGM1KkHLU" alt="Terra Classic rally after Binance burns 3.9b LUNC, this altcoin could also soar - 1">
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 <p>When trading volume ramps up, more fees accumulate, leading to more LUNC being burned.</p>
 <p>By permanently removing these tokens from circulation, Binance’s <a rel="noopener noreferrer nofollow" title="burns" href="https://thebittimes.com/tag/burns.html">burns</a> put deflationary pressure on LUNC.</p>
 <p>With fewer tokens available to trade, this can positively impact LUNC’s price – if demand remains steady or increases.&nbsp;&nbsp;</p>
 <p>As such, LUNC has rallied to $0.00026 at the time of writing, marking its highest value since November 2022.</p>
 <h2 class="wp-block-heading" id="strong-what-s-behind-the-lunc-surge-strong"><strong>What’s behind the LUNC surge</strong>?</h2>
 <p>While Binance’s token burn has contributed, LUNC price spike also stems from additional factors.</p>
 <p>LUNC is riding on the wave of positive sentiment in the broader crypto market, which has seen Bitcoin (BTC) and Ethereum (ETH) <a rel="noopener noreferrer nofollow" title="rally" href="https://thebittimes.com/tag/rally.html">rally</a> since mid-October.</p>
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 <p>Investors are increasingly bullish on crypto after recent inflation cool-downs, meaning speculative altcoins like LUNC are becoming more appealing.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/VYKtcc-WK8cmMOpSZur8SM6E7SPGy2BFvkYwLWWfgydhoA4-N9PsbveCS-6xrybgTvwyYkjjFYjptFTNqELm_yOIaqmNL6ngoc92s9qCI66lXyzZjqMB-nR0Q1CkjfzdW07-K1kXhElCHBywxwCxuTc" alt="Terra Classic rally after Binance burns 3.9b LUNC, this altcoin could also soar - 2">
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 <p>LUNC has also been boosted by surging past resistance at $0.000125, helping boost its momentum.</p>
 <p>With LUNC holding firmly above the $0.00025 psychological level, many traders expect the trend to continue.</p>
 <p>Between the improving market environment and solid technicals, it’s no surprise that Terra Classic is now ranked first in CoinMarketCap’s list of trending cryptocurrencies.</p>
 <h2 class="wp-block-heading" id="strong-tgc-presale-gains-traction-with-telegram-integration-and-staking-protocol-strong"><strong>TGC presale gains traction with Telegram integration and staking protocol</strong></h2>
 <p>As Terra Classic continues its resurgence, TG.Casino and its native token, TGC, are drawing investors’ attention.</p>
 <p>TG.Casino is a gaming platform leveraging Telegram’s user base to integrate crypto payments and various useful <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>.</p>
 <p>Unlike competitors that require extensive know-your-customer (KYC) checks, TG.Casino allows anonymous crypto gaming for enhanced privacy.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/CjPZI01oS2wN_CZjW_ZvxkaY32VzH9J3pQYD-YtjmUFRCx-AmXw_W1wFa0xSAs_Sufq4lo-tTepnFGdYsOAKSnVbimGTvu5oha8jZWL-rFmiQVYtTvs1KVUaPD-QZImkOILXcscAb5QNf9L9eH10ItI" alt="Terra Classic rally after Binance burns 3.9b LUNC, this altcoin could also soar - 3">
 </figure>
 <p>Players can enjoy classic games like blackjack, roulette, and slots while funding their accounts using top cryptocurrencies or TGC.</p>
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 <p>TG.Casino has attracted over 10,200 active Telegram community members.</p>
 <p>TGC holders also gain access to attracting staking rewards, with yields currently standing at 177% APY.</p>
 <p>The platform also provides a 200% rake-back bonus up to 10 ETH and 25% cashback on losses for those who wager using TGC.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/goDtP2rHScv24h17gPkkjwPaW2t1-zRbU_SNQdHrewT2t-I3RlkvDkq4NnmV2myB7ZKxXjBT9lwpVLYqYtovNpbnRFXy4zpwEtq2jaygjJ7AXuZM-MUsMFc8ftnCjwQ_Zx5YkmPJeClal0z0p9lm_ic" alt="Terra Classic rally after Binance burns 3.9b LUNC, this altcoin could also soar - 4">
 </figure>
 <p>TG.Casino has a selection of high-roller NFTs, awarded to users who hit specific presale investment or wagering milestones.</p>
 <p>Holders will receive additional perks, like seasonal rewards and a share of the TGC distributed through TG.Casino’s buyback-and-burn mechanism.</p>
 <p>TGC are only available through the ongoing presale phase, which has now raised over $1.3 million.</p>
 <p>Tokens are priced at $0.175 in the current stage, although they will increase in price in each successive stage.</p>
 <p>With presale momentum accelerating, and TG.Casino’s X following growing, TGC is being considered by optimistic investors.</p>
 <p><strong>Visit TG.Casino presale</strong></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/terra-classic-rally-after-binance-burns-3-9b-lunc-this-altcoin-could-also-soar-tbt72555.html">https://thebittimes.com/terra-classic-rally-after-binance-burns-3-9b-lunc-this-altcoin-could-also-soar-tbt72555.html</a></p>

Terra Classic rally after Binance burns 3.9b LUNC, this altcoin could also soar

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