Hong Kong Virtual Asset Consortium is contemplating adding Terra Luna Classic (LUNC) to its digital asset index, given the chain’s renown.
Hong Kong Virtual Asset Consortium (HKVAC) should contemplate including Terra Luna Classic (LUNC) in its index of digital assets. The Hong Kong rating agency has announced the initial list of cryptocurrencies for its extensive market cap index. However, it intends to announce additional indexes, including different cryptocurrencies, on its supported list.
In Hong Kong Virtual Asset Consortium Index: Terra Luna Classic
A member of the Terra Luna Classic community requested Hong Kong Virtual Asset Consortium include Terra Luna Classic (LUNC) in its digital currency index.
The HKVAC team responded that it recognizes Terra Luna Classic’s reputation and capabilities and its connections to the cryptocurrency exchange Binance. The HKVAC considerable market value index is created for a specific purpose, and index constituents will be published on July 14 on the official website. In addition, the HKVAC team is contemplating additional index types and will consult the Terra Classic community for further information.
“Our index is at the moment for demonstration purposes only. However, we did receive overwhelming response and we believe there might be users considering the future use of the index.”
Incorporating Terra Luna Classic (LUNC) will aid the community’s revitalization efforts. After a significant upgrade that brought the chain to parity with Terra 2.0 and other Cosmos chains, developers are currently working on USTC repeg, increasing LUNC staking, and enhancing token burn to reduce circulating supply. However, the chain still lags behind other Cosmos chains and the most recent enhancements.
Price of LUNC Fails to Maintain Above Support
The price of LUNC has decreased by 4% in the past twenty-four hours and is currently trading at $0.000087. The 24-hour low is $0.0000873, and the 24-hour high is $0.0000919.
According to reports, a collapse below the support of $0.000090 will amplify selling pressure and cause the altcoin to fall 10% to the next significant support at $0.0000822.
