The post Terra Classic At Risk Of Major Correction! LUNC Price May Crash To This Level Next Week appeared first on Coinpedia Fintech News

LUNC is not showing investors the expected price level since its launch in May with a plan for Terra’s ecosystem revival. LUNC continues to bring bearish woes as it has lost nearly 20% of its value in the last month. LUNC price is poised to drop by 51% due to the upcoming Binance’s LUNC burn announcement today at 00:00 UTC.

Binance LUNC Burn!

LUNC price may initiate a downtrend today following Binance’s LUNC burn, as it has been trading in a range-bound area with less volatility. Several altcoins managed a 66% pump following Binance’s LUNC burn mechanism on 26 September. LUNA Classic token surged over 68% on the day of the announcement from Binance, doubling its price just in a week and reaching $0.00037 on 2 October.