Altcoins
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Terra Classic continues to experience strong selling pressure, as evidenced by a steady outflow of investment capital. As of November 2, 2022, the capitalization of the coin is located at around $1.47 billion, having lost about $130 million over the past day.
Experts emphasize that the decline in quotes continues despite the fact that most altcoins show limited growth. As for LUNC, since October 3, 2022, the asset has lost almost 50% in price. The community of the coin is taking active steps to make the token more useful. For example, the implemented burning mechanism was supposed to help the asset recover its value.
In general, the LUNC trend is not in line with the overall dynamics of the cryptocurrency industry. However, many analysts believe that the initiatives taken by the community, in the long term, will partially restrain the coin from further falling. But it is clearly not necessary to count on a steady bullish trend yet.
It is also worth considering that the events taking place around the founder of Terraform Labs, Do Kwon, also affect the dynamics of LUNC. According to experts, any negative news related to Do Kwonam will provoke a further drop in Terra Classic quotes.
In the past, the Crypto.ru team informed: specialists from NiceHash noted that they found technical vulnerabilities in the new driver from nVidia 526.47. It turned out that the update caused a malfunction in the performance of some video cards. Users complained that they could not run computer games and their video chips were unstable. Later it was possible to establish that driver 526.47 was the main reason for this. Experts from NiceHash advised users to roll back to drivers of earlier stable versions.
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