Analyst Issues a "Ready To Explode" Warning on Terra Classic (LUNC)

Altcoins like Terra Classic (LUNC) have caught the attention of crypto experts during the current market rebound because its fundamentals are more positive than those of other coins.

LUNC Is An Exploding Pressure Cooker
One cryptocurrency expert has identified LUNC as a potential rally candidate in an analysis published on . Based on this data, the cryptocurrency has been steadily rising over the last three months, with a support level just around $0.00007.

Among the analyst's other grounds cited for the impending LUNC price surge are the continued strength of the Terra Classic community and support for Binance. By burning fees made from LUNC trading on the platform, Binance—the biggest crypto exchange in the world—has continued to help the Terra Classic community.

Because of these burns, there is now less LUNC available, which increases its value on the market. During the most recent round of planned burns, the cryptocurrency exchange sent over 2 billion tokens to the designated address at the beginning of February and then burned an additional 135,000 tokens on the same day.


The fires did what was predicted: they provided the cryptocurrency a much-needed boost, increasing the price by 20% and the trading volume by 700%. The positive narrative around the LUNC price is steadily expanding, thanks to the resilient community and the anticipation of more burning from the cryptocurrency exchange.

Will the Terra Classic Community Be Able to Rejoice Again?
For crypto investors, the narrative of the Terra network disaster and the LUNC token's complete and utter destruction will live on. The coin has been in a downturn ever since the network crash in 2022, which set off the bear market.

Despite this, the community is still committed to the currency and is actively working to implement suggestions that will hopefully help the token recover. The Terra community must approve each idea before it can be implemented, although not all of them have.

The 'Signal Prop Investigate EVM Functionality' proposal, which sought to include EVM compatibility onto the Terra blockchain, was one of the resurrection suggestions that were turned down. The blockchain would have become compatible with Ethereum and other EVM blockchains if this had happened.

After a while, most validators would vote against the proposal, and the community would reject it. The idea was rejected because to cost concerns, according to Allnodes, a Terra Classic validator.