The price of Terra Luna Classic (LUNC) has dropped over the past 24 hours, causing it to go parabolic once more today. As of this writing, each coin costs $0.0005144.
However, all Terra tokens experience a significant uptick as the community works to restore pricing through staking, project development, ecosystem education, and governance. Investor interest has been particularly strong in Terra Classic (LUNC), with daily trading volume increasing to above $3.5 billion. Will Terra Luna Classic keep growing? In contrast to Terra, several of the new currencies built on the ETH network are still doing well. One of these is TAMADOGE, a meme coin that was introduced in July 2022 and is now on the rise.
Will Terra Luna Classic’s Cost Increase This September?
The price of Terra Classic (LUNC) has increased as the community keeps burning and staking LUNC tokens. Over 70% in one day and 300% in one week, the price of LUNC has increased. The price has risen from a weekly low of $0.00034 to a high of $0.00058 thanks to the surge. The daily trade volume has increased by nearly $3.5 billion as the community successfully pushes prices beyond $0.0005. The trading volume has increased by almost 550% over the past 24 hours, with $3.8 billion being the current trading volume. If the trend holds, the short-term aim of $0.01 may be reached this month, according to the community.
To far, the community has staked more than 550 billion LUNC tokens and burnt more than 3.5 billion LUNC tokens. It’s interesting to note that in the previous 24 hours, almost 400 million LUNC tokens have been burnt. Furthermore, 28 billion had been bet on in the last 24 hours. The 1.2% burn tax idea will also be announced on September 10 and put into effect on September 20. Prices drastically increased when Terra unveiled governance suggestions, upgrades, burning, staking, and other changes. A new Governance Alert Bot that alerts the community to all governance operations has been launched by Terra. The much-anticipated 1.2% burn tax plan would accelerate the rate at which LUNC tokens are burned. As a result, the public is optimistic about Terra Classic (LUNC). Certain meme currencies, like TAMADOGE, which will reach a price of $1 in less than 3 months after its birth, are currently the subject of intense buzz.
The primary unit of exchange in the Tamaverse, Tamadoge enables you to produce, breed, care for, and engage in combat with your TAMADOGE pets. This memecoin has practical uses. TAMADOGE, a deflationary cryptocurrency, was introduced in July 2022. Users compete to go up the leaderboard by earning Dogepoints.
The users who have accumulated the most Dogepoints at the conclusion of each month can collect their prizes from the monthly Dogepool. Make careful to take care of them so that your Tamadoge can grow along with you and get stronger over time. Your Tamadoge will turn into a Tamaghost if you abandon them for an extended period of time.
The greatest amount of Tamadoge that may be produced is 2 billion (2,000,000,000). At the token generation event, 1 billion tokens will be in use, with 400 million of those yet to be created and set aside for exchange listings. To support the Tamadoge initiative, 600,000,000 will become available to be coined over a ten-year period. Here are some essential details you need to be aware of:
- A public presale will be used to sell 50% of the tokens before the DEX listing.
- The Tamadoge project will be funded with 30% of all tokens that become available for minting during a 10-year period.
- For listing on controlled and decentralized exchanges, 20% of the tokens will be set aside.
TAMA vs TERRA LUNA
The deflationary features of the cryptocurrency are one of the factors that have investors enthusiastic about Tamadoge’s potential. Tamadoge’s creators decided to incorporate a “token burn” mechanism into in-game purchases rather than using a transactional tax, like many other tokens.
The TAMA token will cost $0.0125 after the presale period, a 25% increase. Although there is no defined deadline for the presale phase, Tamadoge’s team already has some interesting plans for what comes next. It already has the ability to exceed Terra Luna, and we wouldn’t rule out the prospect of a coin price increase to $1 given the TAMA’s rising popularity.