Terra Luna Classic News Live Updates:
Launched in May 2022, Tera Luna Classic (LUNC) retains all the properties of original Terra Luna coin. Terra is an open-source blockchain payment platform for algorithmic stablecoins, which are cryptocurrencies that automatically track the price of currencies or other assets. The Terra blockchain allows users to instantly spend, store, trade or exchange Terra stablecoins.
The Terra protocol creates stable coins designed to consistently track the price of fiat currency (a government-backed currency such as the US dollar or the euro). It consists of two cryptocurrency tokens – Terra and Luna.
Terra Classic has fallen drastically since the collapse of Terra. The pressure of selling has slashed down its prices.
Live
2022-11-28T14:55:00+5:30
Will Terra Classic Fall This Week?
Terra Classic has been down by 2.07% in the past 24 hours. The coin surged on Sunday, thus, trading in the green. However, experts have been skeptical about how long the surge will be lasting. The coin has always been falling after a massive upsurge.
Source: coinmarketcap
Terra Classic (LUNC) has faced extreme pressure for selling the coins since the crash of Terra. The pressure has led to a dip in the selling prices. The selling prices have fallen drastically. The pressure has definitely come down but still exists. This might lead to a further fall of the coin by the end of this week. Nevertheless, it has been a bearish coin in the market in the last few weeks.
Disclaimer
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.
About Author
Source: https://coingape.com/terra-luna-classic-news-live-updates-terra-luna-classic-lunc-might-dip-again/