Binance Supports LUNC Upgrade. Will LUNC Reach $0.0003?

Binance declared its support for the Terra Classic update
The upgrade aims to end the ongoing LUNC reminting
LUNC may go all the way from $0.0002 to $0.0003.

The largest cryptocurrency exchange by trade volume, Binance, has recently declared its support for the Terra Classic update, which aims to end the ongoing LUNC reminting.

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The exchange announced the new feature, which is anticipated to excite the vast Terra Classic community, via its official Twitter account.

Binance stated in a blog post that it will support the Terra Classic (LUNC) network upgrade in accordance with the most recent community proposal.

According to the release, the network upgrade will occur around epoch 15,029, or around 4:50 UTC on January 14, 2023.

In light of this, the exchange has announced that deposits and withdrawals for LUNC, USTC, and ANC via the Terra Classic (LUNC) network would be suspended on January 14, 2023 at 3:50 UTC (UTC).

Source: TradingView

The graph above shows that LUNC continues to boost its market position. The crypto is able to achieve a price growth rate of nearly 50% in the first week of 2023. If LUNC can maintain its aggressive performance in the following days, the crypto may break its resistance level of $0.00018 and go all the way from $0.0002 to $0.0003.

The Binance support with Terra Classic (LUNC) network can be an added factor in the forecasted surge of LUNC in the following days of the month.

In other news, a recent report by CrypoNewsLand on its Twitter account, it said that Binance, the leading cryptocurrency exchange in the world, is inviting Bitcoin (BTC) miners to join its cloud mining project. The reports also say that to mine Bitcoin in their pool, there needs to be enough and reliable electricity power to support the mining.

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José Gustavo

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.