Could the Terra Rebel Update Give LUNC Investors a Reason to Joy?

  • Terra Rebel has reduced the total number of active members.
  • Although developmental activity increased, social dominance decreased.

On December 19, Twitter user Asobs revealed a major update regarding Terra Classic [LUNC] environmental system. The update revelations made LUNC a hot topic of discussion once again.

According to him, Terra Rebels reduced the total number of active members to 12 to save the community money. Active members will be paid, while inactive members will be employed under contract.

Read Terra Classic [LUNC] predict the price 2023-24

How was LUNC affected?

In accordance with this revelation, lunchs price has taken a massive hit over the past 7 days to press time, thanks to the current bear market situation.

to me CoinMarketCapLUNC posted a negative weekly gain of 20%. Moreover, at the time of writing, LUNC is trading at $0.0001347 with a market capitalization of over $806 million.

Santiment’s chart also revealed a few interesting metrics, which shed some light on how the aforementioned developments may affect LUNC. For example, despite the decrease in the number of active members, LUNC development activity has increased sharply in the past week.

This was a positive development for the ecosystem. LUNC’s recent burn rate also looked very promising, with over 36 billion tokens burned to date. This is more than 0.5% of the total supply.

But the good news ends here. This was because other metrics indicated that the script was not as good as it appeared on the surface.

for example, lunch It failed to maintain its popularity in the crypto community as its social dominance declined. Not only that, but the recent price drop was accompanied by high volumes, which legitimized the slippage.

Source: feeling

Can the Rebels keep the future of Terra Classic safe?

Terra Rebels is a decentralized group that has come together organically with the goal of reviving the Terra Classic ecosystem. Look at Terra Rebels flight plan Several projects are in the pipeline.

Most of these projects will be launched in 2023. These include testing, verification, security auditing, LUNC chain upgrade, and more. However, a decrease in the number of active members may have a negative impact on this roadmap and cause delays.

Leave a Reply

Your email address will not be published. Required fields are marked *