search
Homeweb3.0Terra Classic (LUNC) Rallies 23%, Community Unveils Plan to Restore USTC Stablecoin to $1 Peg

Terra Classic (LUNC) Rallies 23%, Community Unveils Plan to Restore USTC Stablecoin to $1 Peg

Aug 19, 2024 pm 03:37 PM
Terra Luna Classic USTC Repeg $1M Developer Bounty

The recent rally may signal more volatility, with $0.0001 liquidity at risk, as we discussed earlier. Terra Classic (LUNC) is up 23%

Terra Classic (LUNC) Rallies 23%, Community Unveils Plan to Restore USTC Stablecoin to  src=

Terra Classic (LUNC) price shows signs of life following a recent market downturn, surging by 23% amid a community effort to restore the USTC stablecoin to its $1 peg.

As reported earlier, liquidity below the $0.0001 level could lead to increased volatility. However, this surge in LUNC price may indicate a positive shift in market sentiment.

In a bid to revive USTC, a bounty of $250,000 has been offered to developers who can create a system to achieve this goal. The initiative aims to build a stable, decentralized mechanism with economic incentives to maintain the peg.

This effort aligns with the broader Terra Luna Classic community's goal of restoring the USTC stablecoin to its intended value. As part of this process, proposals for a decentralized solution are being gathered.

An analyst's forecast, covered recently by CNF, also presents a promising outlook for LUNC price, anticipating a 405% surge, aiming for $0.00042986.

The market has responded favorably to these developments, with LUNC price trading near $0.000078 at the time of writing, up by 0.15% over the past 24 hours. However, trading volume has seen a slight decrease of 1.82% over the past week.

The above is the detailed content of Terra Classic (LUNC) Rallies 23%, Community Unveils Plan to Restore USTC Stablecoin to $1 Peg. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Bitcoin (BTC) Soars Past $90,000, But Headwinds Persist That Could Cap Further UpsideBitcoin (BTC) Soars Past $90,000, But Headwinds Persist That Could Cap Further UpsideApr 23, 2025 am 11:22 AM

Bitcoin (BTC) surged past $91,000 on Tuesday, climbing nearly 5% amid renewed investor optimism and fresh hopes of a thaw in U.S.-China trade tensions,

As XRP Seemed to Gain Clearer Federal Standing, a New Oregon Lawsuit Targeting Crypto Exchange Coinbase Stirs Fresh ConcernsAs XRP Seemed to Gain Clearer Federal Standing, a New Oregon Lawsuit Targeting Crypto Exchange Coinbase Stirs Fresh ConcernsApr 23, 2025 am 11:20 AM

As XRP seemed to gain clearer federal standing, a new Oregon lawsuit targeting crypto exchange Coinbase stirs fresh concerns about potential state-level clampdowns.

Cardano (ADA) vs Ethereum (ETH): Early Proof-of-Stake and Network DesignCardano (ADA) vs Ethereum (ETH): Early Proof-of-Stake and Network DesignApr 23, 2025 am 11:18 AM

Cardano launched with a proof-of-stake (PoS) system. Ethereum originally used proof-of-work and switched to PoS years later.

XploraDEX (XPL) Token Distribution Begins, Signaling the Platform's Transition to Active DeploymentXploraDEX (XPL) Token Distribution Begins, Signaling the Platform's Transition to Active DeploymentApr 23, 2025 am 11:16 AM

ZURICH, April 22, 2025 (GLOBE NEWSWIRE) — The long-awaited $XPL token distribution has officially begun, signaling a pivotal moment in the XploraDEX journey

Chainlink (LINK) Is Again in the Spotlight Amidst Price DiscoveryChainlink (LINK) Is Again in the Spotlight Amidst Price DiscoveryApr 23, 2025 am 11:14 AM

Decentralized blockchain oracle network Chainlink (LINK) is again in the spotlight amid price discovery.

UXLink is excited to announce its strategic partnership with SolV protocol to unite decentralized technology and traditional finance.UXLink is excited to announce its strategic partnership with SolV protocol to unite decentralized technology and traditional finance.Apr 23, 2025 am 11:12 AM

UXLink is excited to announce its strategic partnership with SolV protocol to unite decentralized technology and traditional finance.

BlackRock's Spot Bitcoin ETF (IBIT) Records a Massive $4.2 Billion in Trading Volume TodayBlackRock's Spot Bitcoin ETF (IBIT) Records a Massive $4.2 Billion in Trading Volume TodayApr 23, 2025 am 11:10 AM

BlackRock’s spot Bitcoin ETF, IBIT, recorded a massive $4.2 billion in trading volume today as the price of Bitcoin soared above $90,000 for the first time since early March

India's Crypto Investors Shift From Long-Term Holdings to High-Frequency Trading of Meme CoinsIndia's Crypto Investors Shift From Long-Term Holdings to High-Frequency Trading of Meme CoinsApr 23, 2025 am 11:08 AM

CoinSwitch, India's largest crypto trading platform, has released fresh insights into the investment and trading behavior of Indian crypto investors for Q1 2025.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

SecLists

SecLists

SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)