Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101930
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
61.90%
Bitcoin Share
crypto.news 2025-03-20 16:08:58

LUNC price steady as community votes down Sub-DAO proposal

LUNC price steady as community votes down Sub-DAO proposal

Terra Luna Classic price held steady on Thursday after the community voted to reject a highly controversial proposal. Terra Luna Classic ( LUNC ) rose to $0.00006545, up by 20% from its lowest level this month and 40% higher than its lowest point in 2025. The main catalyst for the coin was that the community members voted down a controversial proposal to create a sub-DAO. According to the team, LUNC would have had four sub-DAOs, each with its own mandate. One DAO would oversee Terra Classic’s security and chain stability, while the second would be responsible for communication and marketing. Another DAO would be for documentation, while the last one would oversee mediation. Each of these sub-DAOs would operate for a six-month voluntary term. You might also like: LUNC price could surge 300% as burn rate soars, but there’s a catch The final tally showed that most members voted in favor of the proposal. However, 38% of the voters rejected the proposal. The proposal was ultimately rejected through a veto since the “no with veto” crossed the 33.4% threshold. https://twitter.com/MrDiamondhandz1/status/1902620483796787248 The campaign to reject the proposal was led by an anonymous X user and LUNC validator known as Mr. DiamondHandz, who argued that creating the sub-DAO would open the floodgates for a power grab from the community. He claimed that sub-DAO leaders could potentially place their friends in key committee positions. The LUNC community is now voting on a major move that would change the classification of TerraUSD ( USTC ) from a stablecoin to a meme coin . This proposal would recognize the reality that the coin no longer trades as a stablecoin and that the odds of regaining its peg are limited. LUNC price analysis LUNC chart | Source: crypto.news The daily chart shows that the Terra Luna Classic price bottomed at $0.00005650 this month. This was notable since it was the lowest level in February this year and in July and August last year. It has formed a giant quadruple-bottom with a neckline at $0.0001792. LUNC has also formed a bullish divergence pattern, which happens when an oscillator trends upwards while the price is falling. The awesome oscillator has moved upwards and is about to cross the zero line. Also, the percentage price oscillator, a unique type of MACD, has continued rising. Therefore, a combination of a bullish divergence and a quadruple-bottom pattern points to more upside. A drop below the support at $0.000056 would invalidate the bullish view. You might also like: LUNC price bottoms as Terra LUNA Classic crosses a 406b milestone

Most Read News

Moralis Money
Market Cap
24h Vol
61.90%
Bitcoin Share
21
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.