Terra Classic: If Coinbase, Robinhood list LUNC what explosions are possible?


Terra LUNA Classic (LUNC) is trending once again as it actively continues its recovery journey across the charts. In fact, the cryptocurrency took a boost this month, thanks to the LUNC community searching for listings on Coinbase.

Interestingly, the LUNC community just wrapped up another active campaign, seeking to implement a 1.2% tax burn on Binance. The next step for the community is to list LUNC on Coinbase and Robinhood. In fact, listing requests were filed at the time of publication.

Coinbase Effect

Historically, listings on Coinbase have provided healthy traction for the cryptocurrency listed. The listing of LUNC has the potential to open a pathway to more liquidity from millions of investors in the US. A successful listing on Coinbase will likely have a positive impact on the price of LUNC. If successful, the community will likely push Coinbase to implement a tax burn.

A similar result is expected if LUNC receives the listing from Robinhood. Both exchanges have millions of users, and both listings are likely to offer more exposure to cryptocurrencies. Needless to say, Coinbase and Robinhood's listing expectations are sure to generate market hype over LUNC.

LUNC is trading at $0.00035, at press time, after a 92% gain on the charts. The aforementioned increase has made it one of the best performing cryptocurrencies on the market this week.

Source: TradingView

LUNC's rally started after it interacted with the 50-day moving average, marking the end of its bearish 69% retracement. However, it still has some work to do before it regains its September highs.

Its MACD has been trying to cross the zero line for the past 24 hours. Its 9-day EMA has just crossed above the 26-day moving average, adding to the bullish signals.

LUNC chart indicators, at press time, suggest that prices could move higher in the coming days. However, on-chain indices may not necessarily conform to these views. For example, social dominance has dropped significantly since September 25, around the same time the protest last began.

Source: Emotions

LUNC's social dominance is likely to increase if the Terra LUNA Classic community continues to promote Coinbase and Robinhood listings. A favorable outcome could boost demand for the currency.

Otherwise, the opposite outcome could mislead investors and trigger another sell-off. In addition, LUNC's developer activity index also dropped to a 4-week low.

Source: Emotions


The determination of the Terra LUNA Classic community in ensuring its success thus far has paid off. Recently, he managed to convince Binance to do a tax burn, proving his powerful influence. It will be interesting to see how this campaign plays out, especially if Coinbase and Robinhood honor the listing requirements.

Finally, investors should keep an eye on the cryptocurrency, especially if the listing is approved. This because LUNC listings will open up more liquidity and pave the way for more sell-outs.


Oct 03, 2022

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