Is Terra Classic recovered?

[Sayeds56]

Based on the old reason why it was created, and there is a Luna 2.0, it's hard to believe what they will do anymore. It's going to be very hard to become invested in it, and it's never going to recover to its former price because of what happened unless everything is redeemed to those affected. We will see.

This "Tax Burn" thing that they have initialized is just a countermeasure that is for the short-term right now. Let's see how it will react in the long run. The amount of money lost and involved in that issue was too much, and this burning mechanism can't hold it for sure.

It's the cause of the crypto crisis this year.

It is true that it will be difficult to reverse what happened to LUNA and caused crash of whole crypto market back in May-22 though Tax burn proposal created new hope of  beginning of price recovery process but it will take years to reduce supply of LUNC to meaningful level. What remains to be seen is that whether major exchanges like Binance fully implement Tax Burn which is important for its success.

[Jatiluhung]

Hello,
Is Terra Classic recovered and worth the investment? Please see https://www.coindesk.com/markets/2022/09/08/crypto-terra-luna-classic-surges-as-traders-speculate-on-new-supply-burn-rule/.
Thank you.

The price pump that happened at LUNC was caused by the hype. indeed there is good news that goes with it. such as the burn tax proposal that has been approved by various exchange parties. and that's where the pump starts. but today we see a very deep correction from LUNC. That's a natural thing because after the pump it always ends with a dump. it is better to be careful than to suffer losses in the future. if you want to enter then wait when the hype ends. when the price starts sideways. and use the money that is ready in case it is lost.

[budi691]

They already have a bad reputation and regardless of their pump, and it will be difficult for investors to return, unless you have invested in Terra Luna and you are one of the community investors who have also lost money, trying to recover the lost money, hoping that Terra will come back. .

[inanilujimi]

Many people dream that Lunac will reach $ 1 wake up friends, don't get your hopes up on this coin, which has clearly made many investors lose their money. I was lucky to have sold it at the best price a few days ago, now maybe the profit has been much reduced.
for me it's just a momentary pump though they burn every transaction but it's nothing new to crypto, specifically defi.

[tbct_mt2]

This "Tax Burn" thing that they have initialized is just a countermeasure that is for the short-term right now. Let's see how it will react in the long run. The amount of money lost and involved in that issue was too much, and this burning mechanism can't hold it for sure.

Tax Burn is only one of way to burn and months ago, MEXC exchange is the first one supported burning Terra Classic from trading pairs for Terra Classic on their exchange. Later the proposal to use on chain transactions to buy back and burn Terra Classic is great. Previously, LUNC DAO is a staking pool initiated burning mechanism too.

Although, there are efforts from different sides to support Terra Classic, they are just not enough and even more entities join the burning mechanism, it takes time. The latest soar of Terra Classic is simply because people were greed.

It's the cause of the crypto crisis this year.

The general crisis financially, economically and in crypto as well will certainly affect Terra Classic.

[JoyMarsha]

There are still other coins to invest in if you are looking for one. I wouldn't advise you to invest in a coin that had lost its trust and potential. Don't let what happened to others to happen to you. Terra Classic is long gone to recover its previous price. The recent pump is just for a while, it won't last. Be guided before investing in any altcoin

[GeorgeJohn]

Terra Luna Classic is a falling crypto token that fell in May this year. At its peak, the coin was one of the most valuable cryptocurrencies in the world.
Even so, on Saturday (27/8/2022), the Luna Classic token was again corrected.
Based on Coinmarketcap data, the price of LUNC is IDR 1.86 with a 24-hour trading volume of around IDR 5.1 trillion.

I can agree with you that luna is one of falling group of altcoins which nobody will have much interest to invest on is luna. And i think that before luna can be recover fully like other coins it will take time, because of the drop of it's values. And another way it can be known and investor start develop in interest to invest in Luna it's when bitcoin have a full recovery and bullish will be in the market fully.

[abel1337]

There are still other coins to invest in if you are looking for one. I wouldn't advise you to invest in a coin that had lost its trust and potential. Don't let what happened to others to happen to you. Terra Classic is long gone to recover its previous price. The recent pump is just for a while, it won't last. Be guided before investing in any altcoin

I agree, Luna is one of the major coins that has a remarkable fall and might caused the bear market. Investors were doomed and there is a very high chance they won't be investing in it since they lose a lot from it. Those who are in from the latest pump are just the who are building up the hype and just taking profit from it. Most of us can't see a major comeback from LUNAC.

[Ultegra134]

This "Tax Burn" thing that they have initialized is just a countermeasure that is for the short-term right now. Let's see how it will react in the long run. The amount of money lost and involved in that issue was too much, and this burning mechanism can't hold it for sure.

Tax Burn is only one of way to burn and months ago, MEXC exchange is the first one supported burning Terra Classic from trading pairs for Terra Classic on their exchange. Later the proposal to use on chain transactions to buy back and burn Terra Classic is great. Previously, LUNC DAO is a staking pool initiated burning mechanism too.

Although, there are efforts from different sides to support Terra Classic, they are just not enough and even more entities join the burning mechanism, it takes time. The latest soar of Terra Classic is simply because people were greed.

Even with the introduction of tax burn, Luna Classic cannot be saved. If I remember correctly, last time I checked, there were billions of coins in circulation. The tax only burns a few million at best, so it's unlikely to ever see decent improvement. While some speculate reaching $1, let's keep in mind that even if it does happen, it'd still be over 100% minus since it used to be worth over $100. I wouldn't call $1 a victory, especially for those who got screwed over.

Personally, I spent a few bucks just for the sake of it, not because I honestly thought I'd get a 100% return. The developer has ruined his reputation. The community doesn't trust him nor his coin. It's pretty much done for.

[X-ray]

If the price has been 10x from now on, of course we agreed to say it recovered, if the price comparison before dropping with now, of course it is still too far, it takes at least 3 times a large pump to be able to make investors interested in investment luna classic again.

Don't tell me if you are saying kill 1 zero meant lunc recovered. that's a non sense thing to happen. Im not sure about what you have saying above. Lunc got dumped from $100 to the below 0 value. How can it be recovered again? i see no possibility for lunc to recover. There are only so many BS that being spread by some parties to the lunc community which have been loosing a lot. I think that you didn't even aware with reality no matter how many increase that have been made and the price will always be below zero

[topman21]

Looking at the Tera Luna market, we see that it is fairly well but pumping. Many believe that Luna will recover. But I don't know how sure recovery will be.But it is not sure whether this pump will wait for a long time. Many may not know that Team was responsible for the destruction of Luna.Again, that team seems to be getting up for recovery today.But from here I believe Luna Classic will not be able to recover.

[Rigon]

Tera Luna is very nice about recovery. But I can say with certainty that Luna will never recover.The market seems to have pumped a lot lately but it will last a long time.In fact the team is now trying hard to recover this platform but due to their mistakes this project has become a disaster today. And now they are trying to recover then you can understand how much recovery can be.

[Abiky]

Hello,
Is Terra Classic recovered and worth the investment? Please see https://www.coindesk.com/markets/2022/09/08/crypto-terra-luna-classic-surges-as-traders-speculate-on-new-supply-burn-rule/.

Thank you.

Terra Classic may be pumping, but that doesn't mean it's well worth the investment. I wouldn't say it "recovered" since it's way behind its ATH of over $100 per coin. It hasn't even reached $0.01 yet. Everything's pure speculation, so I'd proceed with caution just to be safe. Instead of focusing on Terra or Terra Classic, why don't we focus on Ethereum instead? The world's second-largest cryptocurrency by market cap has a better chance of going all the way to the moon than LUNC itself.

I don't get why there are still people following Terra, when it crashed in an instant. There were millions of dollars in losses, which terribly damaged the project's reputation. But who knows? In this strange and bizarre world of crypto, anything can happen. If DOGE went from being worth less than $0.01 to almost $1, then it's likely LUNC will pump massively in price for a short period of time. As long as you play it safe by not putting all of your eggs in one basket, you'll have nothing to worry about. Just my thoughts

[BobK71]

Tera Luna is very nice about recovery. But I can say with certainty that Luna will never recover.The market seems to have pumped a lot lately but it will last a long time.In fact the team is now trying hard to recover this platform but due to their mistakes this project has become a disaster today. And now they are trying to recover then you can understand how much recovery can be.

While it may be able to recover it's price but it won't last long. The price of the Luna Classic has already come down significantly and is likely to go down further. Some whale investors, including team, have artificially inflated the price of Luna in this bearish market. While Luna's real investors are still suffering from lack of confidence.

[Jeger.Kiting]

Terra Classic in my opinion is very difficult to return to the way it was, because of the big dump that happened at that time and everyone was very disappointed and left, maybe there will be no more pumps that happen to Terra Classic. But it all depends on the developer himself, whether the Terra Classic developer can return it at a certain price or is it dead.

[bakasabo]

Are we speaking about Terra Luna Classic (LUNC)? An altcoin that once cost $120, and now its price is far away from 1 cent? And you see a recovery in recent growth ? If you are joking, then this is a bad joke. That patient is already dead. No matter what devs or community will do, it is impossible to recover it. If its market cap was in thousands, then there are chances of recovery, but its market cap is in millions. It will take billions to recover and there is no use doing it.

[Tony116]

The Korean government has issued arrest warrants for Dokwon and several members of the terra team. This is considered the end for Lunc, this has been expected by the community for a long time, can't let a scammer live freely and continue to scam people. I think this is more desirable news than any Lunc pricing news. I think people should get rid of it immediately if they don't want to lose money again with Lunc. With this news, the sharks will take their last profit and will kill Lunc.
https://www.coindesk.com/business/2022/09/14/s-korean-court-issues-arrest-warrant-against-terra-co-founder-do-kwon-report/

[$crypto$]

Today there is shocking news about the founder of Terra Luna, that the South Korean court has issued an arrest warrant for Do Kwon as the founder of Terra which resulted in the price dropping to below 1 cent, this will really affect the price in the market and is unlikely to be a recovery if there is news that this bad.

Source: https://www.coindesk.com/business/2022/09/14/s-korean-court-issues-arrest-warrant-against-terra-co-founder-do-kwon-report/

It's been said a lot before it's been really tough about this Terra Luna recovery they have become a bad shitcoin but somehow the community still I believe in this token.

[Shasha80]

The Korean government has issued arrest warrants for Dokwon and several members of the terra team. This is considered the end for Lunc, this has been expected by the community for a long time, can't let a scammer live freely and continue to scam people. I think this is more desirable news than any Lunc pricing news. I think people should get rid of it immediately if they don't want to lose money again with Lunc. With this news, the sharks will take their last profit and will kill Lunc.
https://www.coindesk.com/business/2022/09/14/s-korean-court-issues-arrest-warrant-against-terra-co-founder-do-kwon-report/

My guess was correct not to trust Terra Teams anymore, it turns out that this news has become an answer that there is no hope for LUNC to recover.
To me this is very good news, because if Do Kwon is allowed to go free, it will mean that more people will lose their money. People like Do Kwon deserve
to be held accountable, now Do Kwon is officially found guilty, he deserves to pay for his actions in prison. With a South Korean court finally issuing
an arrest warrant, this awakens people who still believe in LUNC, that LUNC is an unfit shitcoins for investment option. Now seeing the price of LUNC
which has fallen very deeply, is a sign that in the near future LUNC will really die. This is also a lesson for all of us, that do not give a second chance
to projects that have caused harm to many people.

[Balmain]

Today there is shocking news about the founder of Terra Luna, that the South Korean court has issued an arrest warrant for Do Kwon as the founder of Terra which resulted in the price dropping to below 1 cent, this will really affect the price in the market and is unlikely to be a recovery if there is news that this bad.

Source: https://www.coindesk.com/business/2022/09/14/s-korean-court-issues-arrest-warrant-against-terra-co-founder-do-kwon-report/

It's been said a lot before it's been really tough about this Terra Luna recovery they have become a bad shitcoin but somehow the community still I believe in this token.

Yes, I saw this news in the morning and literally, this was a situation I was waiting for, it was already too late. Investors have too many losses. I think this matter should be thoroughly investigated. I think this had an effect on the general trend in the market, while BTC was on the rise yesterday, it crashed again today, looking for support at the $19k level. It is a little interesting to me that there are people who still try to take care of this team after all this incident.