Only discussing issues around cryptocurrency and digital asset regulations, the results of the meeting did not bring fresh air or have a direct positive impact on the market.
Trump or the U.S. is not as progressive as El Salvador in deciding to use crypto as a state reserve asset.
The founders and influential people in cryptocurrency are very disappointed with the results of the meeting.
In my personal opinion, Trump only uses pro crypto to boost his interests and popularity during the campaign and crypto policies are only for his fame.
Reviving $LUNC is proof that strong community support and decentralized governance can bring blockchain projects back to life.
With its focus on stability, governance, and DeFi expansion, LUNC has regained traction and become a versatile player in the market. The robust governance model of Terra Classic allows community members to shape the future of the network.
The ecosystem supports various DeFi protocols, lending platforms, and decentralized exchanges, thereby enhancing adoption. Despite past challenges, Terra Classic has proven to be a resilient and adaptable blockchain.
With this, may $LUNC regain its glory and soon be able to kill 2 zeros by 2025.
Do not expect too much from $LUNC $1 in 2025, it is very difficult and heavy.
I suspected it, this is just a game of the elite circle $TRUMP @CZ
mr_yutakana
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Bullish
Is Proposal #USCryptoReserve by Trump just mere RHETORIC or is the increase meant to benefit a select few in his circle?
It could also be a way to repay the favor to U.S.-made crypto companies that align with and support him politically, thus the announcement triggers a high price increase that benefits them.
Will this decision #USCryptoReserve be good for all crypto holders and investors or just a momentary euphoria…
$LUNC until when will we move on and maintain above $0.00007, until now we have never been free from the range of $0.00006...
The momentary euphoria only touched $0.000072 and has now corrected back by 10% (at the time of writing this)...
The $LUNC community is already very united and solid to endure and hope for project improvements by the Dev that can elevate its status and make $LUNC even better.
Hello validators, open your eyes, when tomorrow there is a burning vote, agree, do not only think of yourself, without the community and loyal holders, you will also be in decline.
Is Proposal #USCryptoReserve by Trump just mere RHETORIC or is the increase meant to benefit a select few in his circle?
It could also be a way to repay the favor to U.S.-made crypto companies that align with and support him politically, thus the announcement triggers a high price increase that benefits them.
Will this decision #USCryptoReserve be good for all crypto holders and investors or just a momentary euphoria…
And stake on Binance for 1-2 years, we might earn thousands of dollars if the launch project succeeds with all its dynamics and the burning approved by all parties...
In crypto, anything can happen, but we must be realistic.
If you are ready to be rich, you must also be brave enough to face the risk of downfall...
Many are expressing that $LUNC will reach $1 to $5.
It should be noted that to achieve a price of $0.001 per LUNA Classic (LUNC), many extraordinary factors need to trigger the rise, such as high supply and demand, utility, market sentiment, and project policies along with burning (burn) LUNC tokens to reduce the circulating supply, which theoretically could increase the price if demand remains stable or increases.
We need to understand and consider that to achieve a price of $0.001 per LUNC with the current market capitalization of $395 million and a circulating supply of 5.47 trillion LUNC, it would require burning 5.075 trillion LUNC and if the total available LUNC unlocked is 1.425 trillion..
Burning as much as 5.075 trillion LUNC is truly unreasonable.
I am a loyal holder of LUNC, I am not skeptical or spreading FUD.
I must remain realistic and always optimistic that the community believes in the policy holders to restore the glory of LUNC.
- If the proposal for burning or freezing is not accompanied by a clear and executable technical plan, the validator may reject it.
mr_yutakana
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Bullish
Referring to the proposal related to Terra Luna Classic (LUNC) or USTC in 2025, it should be noted that this information is hypothetical or based on the dynamics of the crypto community and decision-making patterns in the Terra ecosystem. Here are some possible reasons why the proposal to burn LUNC or freeze USTC this year was rejected by validators:
1. Change in Community Priorities
- By 2025, the focus of the Terra community may have shifted to new projects or initiatives, such as Terra 2.0 or other blockchain ecosystems. Validators may consider the proposal to burn LUNC or freeze USTC no longer relevant to the priorities at that time.
2. Concerns About Long-Term Impact
- Validators may assess that burning LUNC or freezing USTC will not provide long-term benefits for the ecosystem. They may prefer more sustainable solutions, such as increasing the utility of LUNC or integrating with other DeFi projects.
3. Disagreement on Benefit Distribution
- If the proposal to burn or freeze is seen as only benefiting a small portion of LUNC or USTC holders, validators may reject it. They may want a mechanism that is fairer and more inclusive for the entire community.
4. Regulatory Uncertainty
- By 2025, crypto regulation may have evolved to be stricter. Validators may be concerned that burning or freezing assets could violate laws or attract negative attention from regulators.
5. Lack of Community Support
- Validators typically follow the majority voice of the community. If the proposal does not receive sufficient support from LUNC or USTC holders, validators will reject it to avoid conflict or division within the community.
6. Focus on Developing New Ecosystems
- By this year, Terra 2.0 or other derivative projects may have developed rapidly. Validators may prioritize resources and efforts to support these new projects rather than spending time managing old assets like $LUNC or USTC.
Referring to the proposal related to Terra Luna Classic (LUNC) or USTC in 2025, it should be noted that this information is hypothetical or based on the dynamics of the crypto community and decision-making patterns in the Terra ecosystem. Here are some possible reasons why the proposal to burn LUNC or freeze USTC this year was rejected by validators:
1. Change in Community Priorities
- By 2025, the focus of the Terra community may have shifted to new projects or initiatives, such as Terra 2.0 or other blockchain ecosystems. Validators may consider the proposal to burn LUNC or freeze USTC no longer relevant to the priorities at that time.
2. Concerns About Long-Term Impact
- Validators may assess that burning LUNC or freezing USTC will not provide long-term benefits for the ecosystem. They may prefer more sustainable solutions, such as increasing the utility of LUNC or integrating with other DeFi projects.
3. Disagreement on Benefit Distribution
- If the proposal to burn or freeze is seen as only benefiting a small portion of LUNC or USTC holders, validators may reject it. They may want a mechanism that is fairer and more inclusive for the entire community.
4. Regulatory Uncertainty
- By 2025, crypto regulation may have evolved to be stricter. Validators may be concerned that burning or freezing assets could violate laws or attract negative attention from regulators.
5. Lack of Community Support
- Validators typically follow the majority voice of the community. If the proposal does not receive sufficient support from LUNC or USTC holders, validators will reject it to avoid conflict or division within the community.
6. Focus on Developing New Ecosystems
- By this year, Terra 2.0 or other derivative projects may have developed rapidly. Validators may prioritize resources and efforts to support these new projects rather than spending time managing old assets like $LUNC or USTC.
Terra Luna Classic token burn proposal $LUNC has been a hot topic in the LUNC community. Some token burn proposals have been approved, while others are still under discussion or voting. Here are some key points related to the LUNC burn proposal:
Approved Proposals: - The LUNC community has approved several token burn mechanisms to reduce the circulating supply of LUNC. One example is the burning of a portion of transaction fees on the Terra Classic network. - Crypto exchanges such as Binance have also adopted the token burn mechanism by burning a portion of the LUNC trading fees charged to users.
Proposals Still in Process: - Several proposals related to burning or network upgrades are still under discussion or voting by the community. The LUNC community actively participates in the governance process through platforms such as Terra Station.
While token burns have broad support, the huge supply of LUNC makes it take time and consistency from the highest policy stakeholders of the Terra Foundation to restore LUNC to its former glory
The price of Terra Luna Classic (LUNC) is very difficult to predict, especially reaching $0.1, as it is influenced by many factors such as market demand, project policies, and investor sentiment. After the crash event in May 2022, LUNC is still in recovery, and reaching $0.1 will require a significant increase in market value.
Factors that influence: 1. Token Burning: Efforts to reduce the supply of LUNC through token burning could increase the price if demand remains stable or rises. 2. Adoption and Utility: Increased use of LUNC in DeFi applications or other platforms could drive up the price. 3. Market Sentiment: Positive news or support from the community can influence the price.
Although there is potential, albeit small, there is still hope to reach $0.1, although realistically at around $0.03