Terra Classic Price Predictions: Where Will Binance Burn Mechanism Take the LUNC Crypto?

  • Terra Classic (LUNC-USD) price predictions are worth checking on today!
  • That’s due to Binance introducing a burn mechanism.
  • This has traders boosting the price of the crypto on Monday.
An image of a Terra Classic (LUNC-USD) token on a blue background with a rising arrow. LUNC crypto price predictions.

Source: saran insawat / Shutterstock.com

Terra Classic (LUNC-USD) price predictions are a hot topic on Monday as traders discuss an update from crypto exchange Binance.

The big news affecting LUNC today is the introduction of a burn mechanism on Binance. This will “burn all trading fees on LUNC spot and margin trading pairs by sending them to the LUNC burn address.”

Binance notes it’s adopted this burn mechanism following a proposal from the Terra Classic community. The goal is to maintain a good trading experience for users while burning trading fees.

Binance points out that the specific amount burned will be its equivalent value in Tether (USDT-USD). The exchange also mentions the amount burned and the on-chain transaction ID will be updated every week.

Keeping this news in mind, let’s take a look at what investors can expect from LUNC in the future below!

Terra Classic Price Predictions

  • AMBCrypto starts off our list today with an average price estimate of 1.5 cents for 2025.
  • CoinCodex is next on our list with its one-month prediction of 0.0514 cents for LUNC.
  • WalletInvestor closes out our Terra Classic price predictions with a one-year forecast of 0.0842 cents.

Those price predictions for Terra Classic are positive considering it’s trading for 0.03154 cents as of this writing. Investors will also note that LUNC tokens are up 36.9% over the prior 24-hour period as of Monday morning.

Crypto traders looking for all of the latest market news are in the right place!

We’ve got all of the most recent crypto coverage traders need for Monday! A few examples include a collection of cryptos to consider buying, price predictions and more. You can catch up on all of this news at the following links!

More Crypto News for Monday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2022/09/terra-classic-price-predictions-where-will-binance-burn-mechanism-take-the-lunc-crypto/.

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