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Terra Classic (LUNC) Price Jumps 8% After Dump, Here’s Why

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Terra Classic (LUNC) price jumped over 8% after a dump as Terra Rebels launches the official subReddit on Tuesday. The group behind the Terra Classic Revival Roadmap looks to engage the community to utilize and interact on Reddit where it all started.

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Terra Rebels Announces Official SubReddit

Terra Rebels in a tweet on October 11 announces that the volunteer developer group now has an official Terra Rebels subReddit. Also, Terra Rebels believes it is better for the Terra Classic (LUNC) community to have an official subReddit on Reddit, where the server started.

“It only seems right to branch off onto the very platform where the server started. Opening up new avenues for the community to utilize and interact.”

The subReddit will allow the community to share thoughts and interact on the latest announcements from the group and related developments. Also, discuss LUNC price momvements.

Moreover, Terra Rebels has recently released the Terra Classic (LUNC) Revival Roadmap. The group aims to rebuild the Algorithmic Fungible Token (AFT), rebuild the project ecosystem, and become independent of the Terraform Labs and Do Kwon.

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The developer group worked on burning, staking, project building, ecosystem education, and governance activities in an effort to revive the Terra Classic (LUNC) price. The community even hit the $0.0005 target, making a high of $0.000588 with a 37,000% rally since the Terra-LUNA crypto crisis.

The group is actively warning the community of any rug pulls and scams associating itself with Terra Rebels or Terra Classic. David Gokhshtein, former U.S. congressional candidate and founder of Gokhshtein Media, has even found Terra Rebels’ LUNC revival roadmap exciting. He has been a critic of LUNC for a long time.

Terra Classic (LUNC) Price Recovers

Terra Classic (LUNC) price plummet nearly 13% in the last 24 hours amid the market-wide selloff due to the high U.S. dollar index and low Binance burn numbers. On the other hand, Bitcoin and Ethereum prices fell over 1% and 2% in the last 24 hours, with the price currently trading at $19,060 and $1,280, respectively.

However, the LUNC price has recovered nearly 8% from the bottom. Terra Classic’s 24-hour low and high are $0.00026 and $0.00030, respectively. The price is currently trading at $0.00028.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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