Do-Kwon Kwon, who founded Terraform Labs, has been exempted from extradition to the United States after a Montenegrin court ruled to overturn an earlier ruling. Montenegro’s appeals court annulled the Podgorica court’s previous decision and sent the case back for a rehearing and new ruling. Mr. Kwon has filed an appeal against his extradition to the United States on charges of fraud following the collapse of the Terra ecosystem. Will LUNC price reach $1? Let’s take a look at this LUNC price prediction Read the article in more detail.
LUNC price prediction: Terra’s Do Kwon wins appeal in Montenegro, case to be retried
Mr. Do Kwon, who started Terraform Labs, may not have to go to the United States after all. A court in Montenegro changed its mind and said there was no need to send him there. They plan to send the case back to another court for further consideration and a new decision.
Mr. Kwon did not want to go to the United States, where he was being accused of doing something bad related to the collapse of the Terra ecosystem. He appealed against being sent there.
Terra has had major problems in 2022, and many people have lost a ton of money. After the incident, Mr. Kwon fled to Montenegro, but was caught and imprisoned on charges of possession of forged documents. Now he has been in prison for four months while Montenegro figures out what to do about extradition requests from the United States and South Korea.
Both the US and South Korean governments want him prosecuted for what happened on Terra. The court said it was unclear about important details regarding the extradition requests from both countries and had to look at everything again.
LUNC price prediction: How has the LUNC price moved recently?
The current price of Terra Classic is $0.000248, and it is having a busy day with trading volume reaching $483.88 million. Terraclassic’s market capitalization is $1.44 billion, and it currently occupies 0.06% of the total market. In the last 24 hours, the price of LUNC has risen by a whopping 37.59%.
The highest price reached by Terra Classic was on April 5, 2022, when it hit an all-time high of $119.01. On the other hand, the lowest price for Terra Classic was recorded on May 13, 2022, when it fell to an all-time low of $0.00001651. The lowest price for Terra Classic since reaching its all-time high was $0.00001651 (referred to as the cycle low), and the highest price since the last cycle low was $0.000590 (referred to as the cycle high).
Currently, the sentiment regarding the future price of Terra Classic is neutral, but the fear-greed index is 90 (classified as extreme greed), showing a high level of greed.
Will LUNC price reach $1 soon?
The price of LUNC has been on the rise recently, soaring a whopping 73% over the past year. And the good news keeps coming. It has surged 37.22% in the last 24 hours and is up another 12.25% in the last hour. Out of the last 30 days, LUNC has remained in the green for 17 days, which shows that people are feeling quite optimistic about it.
Plus, because it has a large market capitalization, it has ample cash flow. You can buy LUNC for $0.000248 even though the current annual inflation rate is negative at -3.18%.
It’s impossible to say for sure whether LUNC will reach $1 any time soon, but considering its recent performance and market conditions, it wouldn’t be surprising to see it get pretty close. Investing in cryptocurrency can be risky, so please do your homework before investing.
LUNC is currently trading at $0.000248. It would take a significant rise to reach $1. You need to make up the gap of $0.999752 ($1 – $0.000248). Simply put, the price of LUNC should skyrocket to approximately 4032 times its current value.
It may sound like a big leap, but LUNC has shown some promising signs recently. It has grown by 73% over the past year, suggesting there is room for further growth. Moreover, in the short term, it has performed quite well, with significant gains in the last 24 hours and even in the last hour.
But it takes a lot of momentum and a lot of faith from investors to get to $1. It’s hard to say for sure when LUNC will reach that milestone, but keeping an eye on how the market moves can give you some clues.
In addition, although Mr. Kwon’s recent legal victory is a positive development, there is no guarantee that Mr. Kwon will not eventually be extradited. The case simply returns to its original court for a retrial. So, for now, Mr. Kwon’s extradition is on hold, but it is not completely impossible.
Where can I buy LUNC?
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