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Clay, the ClayBro crypto YouTube channel’s host, believes that Terra Classic is at a crossroads. According to Clay, the blockchain project is facing some crucial decisions that could make or break the future of LUNC. He sees the possibility of LUNC’s community pool drying up by the end of this year.
In a recently uploaded video, Clay noted that LUNC is experiencing diminished price action. He observed that LUNC’s price has been trending downward since last year and has disappointed many people. According to the YouTuber, LUNC epitomizes the current bear market.
The YouTuber further explained that the persistent bear trend in LUNC’s price has led to an exodus of supporters from the project. He noted that many crypto participants who supported and hyped the project are walking away. However, he believes a reversal of fortunes for LUNC would initiate the return of those previous users.
Clay analyzed the recently passed proposal for Binance to burn the remaining 50% of the Terra Luna Classic trading fees. He thinks this proposal will benefit the Terra Classic process and help the USTC repeg process if it gets executed.
The ClayBro host described the proposal as the sixth samurai for the community outrage over the astropod proposal. He noted that it indicates the proposer’s desire for the sixth Samurai to be working on the Terra Luna Classic blockchain.
According to the crypto analyst, some crucial metrics for the LUNC ecosystem are currently unimpressive. He noted that LUNC’s price action is stagnant, and the ecosystem’s social media activity is almost non-existent, with less than a dozen people actively posting about the project on X (formerly Twitter).
On YouTube, Clay thinks the current LUNC statistics do not support people posting about the project. According to him, the traffic on LUNG-related posts has dropped drastically. Hence, content creators are not encouraged to make videos about the project. Clay thinks the danger for LUNC is that the community pool may dry up by the end of this year.
LUNC is changing hands at $0.00006322 at the time of writing, gaining 5.33% for the trading day.