The price of Terra Classic (LUNC) only reversed its decline in the new year, attracting some moderate stock buying, close to US $0.0001530. In the past few weeks, due to a series of important factors, the price of LUNC has risen rapidly, reaching a three-month safe passage of decline. However, with the latest launch of Binance, LUNC prices are likely to usher in a new wave of retail interests, which may bring prices to unprecedented levels.
Binance, the world's largest data encryption exchange, unexpectedly implemented this measure, and the long-term warning signs marked in the tokens were finally removed. Previously, all consumers who want to buy and sell LUNC tokens on the exchange will receive a message indicating that cryptocurrency has received "negative reports/reports" recently.
This persuades investors and traders that they do not want to trade with cryptocurrency because they are worried that they may lose their assets or trading positions due to the bad mentality around the project and tokens. Binance first issued a warning statement at the beginning of 2021. At that time, Terra (LUNA) was facing a notorious UST unit, which caused the price of LUNA tokens to spiral up.
Read more:Does the price of Hedera (HBAR) increase by US $1 following this trend?
The latest warning was issued after Tony Shen, one of the founders of Terra in a Korean court, issued an arrest warrant. In addition, Do Kwon, the founder and key developer of Terra, was also charged with criminal cases by the Korean authorities. This led to many centralized exchanges suspending altcoin's savings and withdrawals, and Binance was the first exchange to do so.
LUNC DAO is a famous LUNC verifier preacher in the local community. This person is the first to make a risk warning and try to clear it. This loyal supporter of LUNC has repeatedly tweeted to Binance and Binance CEOCZ to remind people of this situation. As of this morning, Binance has finally answered the group requirements of LUNC.
With this new development trend, the price of Terra Classic (LUNC) cryptocurrency will rise rapidly as new investors rush into cryptocurrency. In addition, because Binance is one of the main data encryption exchanges at this stage and undertakes to promote the trading volume of LUNA, the revocation of the warning indicator value may lead to an increase in investors' interest and interest in subsequent purchases. Although this is not easy to happen overnight and may take some time, the price of LUNC may soar to more than 2 times and more than 5 times of the current significance because Binance opened the water gate for cryptocurrency.
Because of the announcement, the price of LUNC has risen to US $0.00017268 at the time of writing this article. In addition, according to the encryption market tracking report released by CoinGap, this led to an increase of 2.08% in the past 24 hours, compared with a decrease of 3.2% in the past 7 days.
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