Terra Luna Classic ecosystem exceeded 400 billion in total. This development is considered as a result of the burning movements implemented in order to strengthen the deflationist strategy in the ecosystem. Token burning operations started in May 2022 after the collapse of the ecosystem.
Token burning
A total of 405 billion Lunc, as well as 3.51 billion Ustc was burned. It has been reported that approximately 1.2 billion Lunc is included in the burning process with tax mechanisms in the last seven days. Binance played an important role in the removal of 760 million Lunc from the circulation of 760 million lunc as a leading token burning channel.
Lunc’s current price is about $ 0.00005976 at the time of the article is prepared. In the last 24 hours, the token price increased by 2.05 %. During the day, low -level 0.00005505, high level was recorded as 0.00006067 dollars.
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Price Movements and Market Status
In the last week, LUNC has experienced a 46 percent decline since the beginning of the year. Ustc, on the other hand, increased by 6.3 %after a 7.49 %decrease in weekly performance. Throughout the market, various discussions continue in expectations about the price of the token.
The protocol has announced five important updates for the short -term development of the ecosystem this year. These updates include the removal of fork modules and the continuation of the deflationist approach in the ecosystem. The ecosystem uses different methods of burning with the contributions of community and business partners.
In the 90 -day performance analysis of the token, it is suggested that the deflationist mechanism may have a positive effect in the short term. However, general market air and other factors are among the factors that determine the price movements of the token. The current strategy can be considered in parallel with efforts to restructure the ecosystem. Nevertheless, it does not change the fact that it is impossible to return to the old days, although it is struggled with this burning alongside the huge supply. In previous calculations, they had to continue steadily burning for nearly 100 years.
While the support of important platforms such as Binance increases the positive expectations on the ecosystem, investors and market observers think that the situation should be closely monitored. These developments have led to an increase in expectations of Terra Luna Classic’s future performance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
