The Terra Classic LUNC community has been preparing for a potential rally in the days ahead, following the passing of proposals on Binance burn. Binance had earlier made feature requests for the burn starting from March 1, 2023. The Binance LUNC burning would help the community’s cause to reduce the cryptocurrency’s supply and potentially boost the price.
The Terra Classic proposal also involves no-reminting of the burn wallet as part of the optional features in the next release. With the proposal receiving overwhelming support from the community, the changes will be made accordingly to initiate burn return by March 1.
Trader Rocko believes that next week will be big for the Terra Classic community, with LUNC poised for bullish momentum. However, the Terra Classic LUNC trading volume is down by 54.49% in the last 24 hours. It remains to be seen if the return of Binance burn will propel a rally for Terra Classic price.
Overall, Binance’s burn will be a big moment for the Terra Classic LUNC community. It is expected that the burn will help reduce the cryptocurrency’s supply, potentially leading to an increase in price. The proposal received overwhelming support from the community and the changes will be made accordingly to initiate the burn return by March 1.
Trader Rocko believes that next week will be significant for the Terra Classic community, with the LUNC price set to move in a bullish direction. The trading volume of Terra Classic LUNC has decreased by 54.49% in the past 24 hours, however, it is possible that the return of Binance burn could be enough to propel a rally in the price.
It is yet to be seen whether the Binance burn will have the desired effect on the Terra Classic LUNC community. If it does, the Terra Classic LUNC community will be in for a big week ahead, with the potential for a significant price increase. It is important to remember, however, that the trading volume of Terra Classic LUNC has decreased in the past 24 hours and this could have an impact on the success of the Binance burn.
