cryptocurrency

Terra Classic (LUNC) is very bullish and rises above 50%

  • LUNC price has increased by up to 50% in the last 24 hours.
  • The market capitalization is currently at $1.5 billion, an increase of 48.39%.

Terra Classic (LUNC) is back on the right track. The price has increased by up to 50% in the last 24 hours. The market cap also reached the 1 billion mark after 3 months. The acquisition process has also increased steadily. The trading volume peaked at over 100% as well.

LUNC Price Chart (Source: CMC)

At the time of writing, LUNC is trading at $0.002297 but it is up in the last 24 hours at $0.0002436. The crazy community is confident that this rally will give the crypto community the most bounce.

LUNC Market Cap Chart (Source: CMC)

Similarly, the market capitalization is currently at $1.5 billion with an increase of 48.39% over the past 24 hours. The market capitalization peaked at $1.6 billion with a trading volume of $925.66 million. The trading volume so far is more than 978 million dollars and the escalation is about 136%.

Supposed reason for the rise of LUNC

The token also showed a rise in staking as well due to the newly introduced staking feature. Besides, the recent imposition of a 1.2% tax burn for all transactions also played a major role in this price hike.

The slogan for the end of the new staking protocol is to reduce the number of tokens in circulation. Staking is now turned on as part of the Terra Classic V22 network update. More than 1% of LUNC supplies were stocked within 24 hours of release.

recommended to you


#Terra #Classic #LUNC #bullish #rises

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button