After the SEC accused Terraform Labs and CEO Do Kwon of “organising a multi-billion dollar crypto asset securities fraud,” the Terra Luna Classic price fell 4.5% to $0.00016791 today. While the market as a whole is volatile, LUNC is still up 4.5% over the last week but down 4% over the last 30 days.
Today’s Lunc Price, 20th Feb 2023
Despite the bad news for Terraform Labs and (the still-wanted) Do Kwon, LUNC is unaffected by the SEC’s claims because it is now community-driven. Given the plan to re-peg sibling stablecoin USTC, it may also have a brighter future than the more recent LUNA token, which was introduced by Terraform Labs as part of the updated Terra 2.0 network.Get Premium
Today’s Lunc Price
| DATE | Luna Classic | USD |
|---|---|---|
| Today | 01 |
$ 0.0001693
|
Luna Classic’s price today is $0.0001693 USD
Terra Luna Standard Price Forecast
As a consequence of the news from yesterday, the coin’s relative strength index (purple) has dropped from 70 a few days ago to around 40 today. This indicates greater than normal selling pressure, and the fact that it hasn’t yet reached 30 indicates that the price has a long way to go before becoming oversold.
Lunc Price Prediction
LUNC’s 30-day moving average (red) looked to be heading back towards its 200-day moving average, but it has since stalled (blue). As a consequence, it may continue to fall before bottoming out.