Terra Classic (LUNC) surged 14% in a week as its community approved a crucial proposal for network development, signaling positive momentum.

Despite facing challenges, the Terra Luna Classic community remains determined to progress and expand. Holders maintain a bullish outlook amidst the ongoing recovery in the crypto market.

This article examines the future price trajectory of $LUNC and explores the factors driving its surge. Additionally, you can watch the video provided below for a detailed $LUNC price prediction analysis.

Consider subscribing to Jacob Crypto Bury’s YouTube channel for more crypto price prediction videos. Jacob also runs a Discord community of 20,000 members, providing trading tips and insights into upcoming crypto presales.

Exploring Factors Driving the Price Surge and Community Resilience

Despite encountering challenges like the Terra network crash, which inflicted considerable damage on $LUNC, the community remains resolute in revitalizing the token. Despite setbacks, they persist in implementing proposals to aid its recovery.

However, not all proposals garner approval from the Terra community, necessary for execution. While initiatives such as the ‘Signal Prop Investigate EVM Functionality’ aimed to boost $LUNC’s cross-chain compatibility, not all gained community consensus, mainly due to cost concerns, highlighting a cautious approach to change.

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On a positive note, the Terra Luna Classic community successfully passed Proposal 12033, mandating KYC for all L1 developers to deter short selling and bolster security.

Additionally, Binance, the world’s largest crypto exchange, burned 2.1 billion $LUNC tokens in its 18th batch, totaling over 50 billion tokens burned, representing 52.1% of the net $LUNC burned by the community. Remarkably, the community’s total $LUNC burn nears 100 billion, currently standing at almost 98.42 billion $LUNC.

$LUNC Price Prediction

Recently, Terra Classic has demonstrated remarkable resilience against market fluctuations, signaling potential for recovery. As of today, its price stands at $0.00011, with a 24-hour trading volume of $48.04 million and a market capitalization of $681.83 million.

Over the past 24 hours, $LUNC’s price has increased by 1.77%. The Relative Strength Index (RSI) value currently sits at 57.01, indicating a neutral market position. The 10-day Exponential Moving Average (EMA) is at $0.00014, while the 100-day EMA stands at $0.00077.

With the anticipation of the Bitcoin halving in 2024, a positive trend is anticipated, potentially propelling Terra Luna Classic’s price above $0.0003 by the end of 2024.

Best and New Meme Coin Crypto Alternative to Consider

The recovery of $LUNC hinges on the success of its burn program, community backing, and the pace of protocol development. Meanwhile, a fresh entrant in the meme coin space, Meme Kombat (MK), emerges as an attractive investment opportunity with distinctive features.

Its highly anticipated $MK token presale has exceeded $8.6 million in sales, showcasing significant interest in this unique gaming and meme coin venture. With the presale’s hard cap set at $10 million, Meme Kombat appears to be nearing the conclusion of its presale phase.

Prospective buyers now have a final opportunity to acquire $MK tokens at $0.279. Of the total supply of 120 million tokens, 50% were available during the presale to provide initial working capital for platform development and marketing.

Another 30% is allocated for staking and battle rewards, while the remaining 20% will be evenly split between providing liquidity for decentralized exchange (DEX) and community rewards. Potential investors can visit our guide on how to buy Meme Kombat token here.

As Meme Kombat approaches the depletion of its presale supply, the development team, led by Matt Whiteman, plans to list the $MK token on DEXs shortly after, injecting initial liquidity and facilitating price discovery.

We’re 85% of the way there fighters!

LFG🫡 $8.5 million raised. pic.twitter.com/dNEYZ9YQ6u

— Meme Kombat (@Meme_Kombat) February 10, 2024

The project, hosted on Ethereum, features a virtual battle arena where players can wager $MK tokens on animated fights between popular meme characters, with winners earning additional $MK tokens, fostering participation and ecosystem growth.

Players can also stake their $MK holdings to earn attractive yields, currently set at 110% per year, with nearly 36 million $MK tokens already staked. Looking ahead, the development team aims to expand the game with new modes and meme combatants in future seasons.

Positioned strongly with its presale fundraising and an experienced advisor, Meme Kombat taps into established trends, even if speculative entertainment value surpasses concrete utility at this stage.

The incorporation of staking and rewards holds promise in concept. For further details, explore the Meme Kombat Telegram channel and X account (formerly Twitter) for updates on its launch progress. To take part in the $MK token presale visit memekombat.io.

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• Source: https://insidebitcoins.com/news/terra-luna-classic-price-prediction-lunc-surges-after-major-proposal-approval