Altcoin News by Thebittimes.Com

Terra ’s LUNA token saw its highest price peak since June this past September, reaching a high of $6.7385. The Luna Crypto coin has picked up in momentum in the last 24 hours, with Binance completing its first “Luna Classic” burn of fees. With all the news circling Terra and Luna tax burn, October will see interesting shifts in the coin’s price. Here’s our prediction for LUNA in October. Source: Medium Luna Crypto Price Prediction: October 2022 LUNA is currently sitting at $2.55, according to CoinMarketCap. Terra is up 2.73% in the last 24 hours. Crypto experts at ChangellyBlog estimate that the average LUNA rate will float around $2.62974. After the surge in price in mid-September, the crypto has since leveled around the $2.53 range. Changelly predicts a slight bump in the LUNA price this month, with a max of $2.70973 and a minimum of $2.37976. It’s hard to predict a huge rise or fall for LUNA this month, so it’s safe ...

Source: AdobeStock / Mahoa Creative The Luna Foundation Guard (LFG), a non-profit organization that supports the Terra ecosystem, has halted the planned distribution of $100 million from its reserve among small UST holders citing litigation concerns. The organization announced the news in a Friday tweet, noting that they are freezing the distribution of LFG's assets due to the threat of litigation. The LFG said they currently don't have a specific date for when they might resume the distribution again. “Our goal is to distribute LFG’s remaining assets to those impacted by the depeg, smallest holders first,” LFG tweeted. “Unfortunately, due to ongoing and threatened litigation , distribution is not possible at this time. While these matters are outstanding, there can be no timeline established for resolution.” The foundation claimed that they are still determined to distribute LFG’s remaining assets among UST holders, starting wit...