The post Will Terra Classic Price Hit $1 Amid Strong LUNC Burn? appeared on BitcoinEthereumNews.com.

Terra Classic (LUNC) price has surged significantly recently, aligning with a broader crypto market rally drawing investors’ attention. As bullish trends dominate November, LUNC’s price momentum has sparked optimism among analysts, with a key target set at the $1 level. The rise is also bolstered by an uptick in LUNC token burns, which reduce supply and potentially support further price growth amid heightened market interest. Analyst Predicts Terra Classic Price Rally to $1 Crypto analyst shared an X post signaling a potential breakout for LUNC, indicating strong buying momentum. According to the analyst, the cryptocurrency’s community-driven efforts may soon push it toward a significant milestone of $1. Current resistance levels remain challenging, but the recent emergence of buy signals suggests optimism within the LUNC community. #LUNC breakout approaching! 🚀 Strong buy signals emerging, and $1 remains the key target. With resistance levels in sight, the community’s momentum could push us through. Stay focused#Binance $lunc #luncarmy pic.twitter.com/5dilRS44az — Bull.LUNC (@Bullluncdao) November 9, 2024 LUNC Token Burns Reach New Milestone In the past hour, a total of 1,000,000 LUNC tokens were burned, recorded across a single transaction. The burn activity today has reached substantial numbers, highlighting ongoing efforts to reduce token supply. Today’s total includes 1,072,874.68 tokens burned through transactions and an additional 18,308,685.22 tokens via taxes. The overall daily burn tally has now climbed to 19,381,559.90 tokens. In the past hour, there have been a total of 1,000,000.00 $LUNC tokens burned and 1 transactions. TODAY BURNEDBy TX: 1,072,874.68By TAX: 18,308,685.22Total: 19,381,559.90 Website: https://t.co/q4WijVKbSr#luncarmy #lunc — LUNC.TECH (@lunc_tech) November 9, 2024 Is LUNC Price Poised for Continued Growth? Terra Classic has seen notable growth, with its price climbing by 14% over the past month, indicating a clear bullish trend. The positive momentum comes amid a broader surge in the crypto market as major…

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Filed under: News - @ November 9, 2024 8:27 pm