Terra Luna Classic Price Prediction: LUNC to Hit $3 in Next Bull Market?
The Terra Luna Classic price prediction is bullish, as the LUNC/USD pair has gained support at $0.000169, a support level extended by an upward trendline. A recent arrest warrant issued for associates of Terra (LUNA) founder Do Kwon has apparently been thrown out by a South Korean judge.
Yonhap News reports that Seoul Southern District Court chief warrant judge Hong Jin-Pyo is withdrawing an arrest order for Terraform Labs co-founder Shin Hyun-seong and other of Kwon's collaborators.
Yonhap News Agency of South Korea reported on December 3 that Judge Hong Jin-Pyo had dismissed warrants issued by the Seoul Southern District Prosecutors Office on November 29 because he believed there was "little risk" that Shin or the Terra associates would destroy evidence related to the case against the crypto firm.
According to the article, Terra co-founder Do Kwon is unlikely to return to South Korea because of the legal proceedings he faces there.
Despite the fact that many cryptocurrency investors hold Kwon personally responsible for their losses and the present bear market, he has remained active on social media since Terra's demise. The Terra co-founder stated in September that he was "making zero efforts to hide" from law enforcement.
Subsequently, he appeared on a podcast hosted on Twitch where he and the notorious hedge fund manager and pharmaceutical executive Martin Shkreli discussed FTX and Shkreli's time behind bars.
As a result of this being interpreted as a positive event for LUNC investors, Terra Classic (LUNC) experienced a minor price increase.
Terra Classic's current price is $0.000173, with a 24-hour trading volume of $80 million. Terra Classic has decreased by over 1.5% in the previous 24 hours. CoinMarketCap now ranks
Read more on cryptonews.com
