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Known for its long-term volatility and for missing out on the 2024 bull market since early March, Terra Classic (LUNC) is once again drawing attention as the next U.S. court hearing involving Terraform Labs co-founder Do Kwon approaches on April 10. LUNC’s decline can be traced back to May 2022, when the Terra ecosystem collapsed after its algorithmic stablecoin USTC lost its dollar peg and fell below $0.01.  The incident wiped out an estimated $60 billion in market value, triggering widespread panic across the digital asset space. The collapse of Terra is widely regarded as a major catalyst for the prolonged ‘crypto winter’ that followed. Yet, despite major setbacks and ongoing legal fallout, the project persists, kept alive largely by its dedicated community. Community burn efforts persist, but price impact remains modest Part of this ongoing effort has centered around a community-led token burn mechanism, aimed at reducing the token’s oversupply and boos...

The crypto market experienced a significant downturn on Wednesday, driven by heightened tensions between Israel and Iran. Bitcoin saw its price drop from $64,000 to $60,000 before recovering slightly to trade above $61,000. Despite this rebound, the broader crypto sector’s total valuation decreased by 4.25%, now standing at $2.16 trillion within the past 24 hours. Nevertheless, trading volume surged by 42%, reaching $115 billion as market activity intensified. Amid this volatility, some altcoins have shown stability and attracted attention from investors. These cryptocurrencies are demonstrating resilience during this period of increased market activity. The following review highlights a few of the best cryptocurrencies to invest in right now . Best Cryptocurrencies to Invest in Right Now The cryptocurrency market has experienced significant changes, with Terra Classic reflecting part of this trend. Meanwhile, the Arkham token has remained resilient, continuing to attr...

Terra Luna Classic Proposal on USTC Repeg Quant team member RedlineDrifter took to Twitter to announce that Proposal 11597 “USTC / Stable Algo Quant Team” is up for voting. Other community members also shared the USTC repeg proposal as it is one of the crucial proposals for the Terra Luna Classic chain. advertisement The community pool spend proposal has received over 99% “Yes” votes, indicating that the community supports the modeling and simulation for the USTC Incremental Repeg Buybacks & Staking Swaps plan. In addition, the community also approves the developers proposed for the Quant team. Major validators including TCB, Coinpayu, StakeBin, Classy’s Sphere, PFC, and Lunanauts have favored the proposal and voted “Yes.” The proposal voting deadline is July 3, but it looks to pass a quorum before the deadline. According to the proposal, $20000 in LUNC payment for the first month is required by the Quant team. Th...