• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$22,881.00-2.15%
    BITCOIN
    24H : -2.15%
    Volume : $29,118,704,665.00
    Marketcap : $441,202,902,831.00
  • ethereumEthereum(ETH)$1,635.20-2.01%
    ETHEREUM
    24H : -2.01%
    Volume : $8,501,056,815.00
    Marketcap : $197,059,564,216.00
  • usdex-stablecoinUSDEX(USDEX)$1.08-0.31%
    USDEX
    24H : -0.31%
    Volume : $128,575.00
    Marketcap : $110,959,993,107.00
  • tetherTether(USDT)$1.000-0.01%
    TETHER
    24H : -0.01%
    Volume : $38,846,976,376.00
    Marketcap : $68,082,077,344.00
  • binancecoinBNB(BNB)$326.30-1.82%
    BNB
    24H : -1.82%
    Volume : $944,123,973.00
    Marketcap : $44,030,490,742.00
  • usd-coinUSD Coin(USDC)$1.000.050%
    USD COIN
    24H : 0.050%
    Volume : $2,846,611,363.00
    Marketcap : $41,973,567,073.00
  • rippleXRP(XRP)$0.399-2.94%
    XRP
    24H : -2.94%
    Volume : $1,029,839,522.00
    Marketcap : $20,267,466,708.00
  • binance-usdBinance USD(BUSD)$1.000.060%
    BINANCE USD
    24H : 0.060%
    Volume : $9,604,811,460.00
    Marketcap : $16,260,949,098.00
  • cardanoCardano(ADA)$0.393-2.13%
    CARDANO
    24H : -2.13%
    Volume : $383,464,869.00
    Marketcap : $13,760,024,892.00
  • dogecoinDogecoin(DOGE)$0.093-2.71%
    DOGECOIN
    24H : -2.71%
    Volume : $939,575,427.00
    Marketcap : $12,852,976,034.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Terra Classic LUNC sees a spectacular rebirth with a $1.5 billion influx in two weeks


September 4, 2022 · By MATheGooner
Terra (LUNA), Terra Classic (LUNC)

Terra Classic (LUNC) has had quite a remarkable surge over the past week due to a convergence of potential game changers and traders’ fear of missing out.

The price of Terra Classic (LUNC), a struggling native token of the ancient Terra network, increased from a low of $0.00084 on August 21 to a high of $0.00307 on September 2, reflecting an increase of nearly 265%, though prices have since slightly reversed.

The token price separated from the remainder of the global crypto market, which is in a sea of red and is hovering around the $1 trillion level, and the bullish run, which has investors wondering where this token might be headed. The token’s market cap also increased by about $1.5 billion in just two weeks according to CoinMarketCap.

The demand for LUNC has temporarily restored investor confidence in a project that cost investors more than $60 billion in May of this year. Although Terra developers have switched to the new chain, the LUNC pump is community-driven, with members of the community burning LUNC tokens to help push up the price.

Several Terra Luna price movement indications suggest that the token may soon begin to drop. The Relative Price Index (RSI), which is currently at 62, indicates that LUNC is moving toward the overbought areas. If the buyers begin to dump, the pressure from sellers can reverse the gains.

The community-backed burning of LUNC tokens may have driven prices of LUNC and its sister token USTC,  but given the absence of fundamentals to support the growth and the uncertainties surrounding the Terra ecosystem, the LUNC pump currently seems excessive.

Primary Sidebar

LATEST NEWS

Australia scheduled to release plans to regulate cryptocurrencies in the country

February 4, 2023

Binance severs ties with Indian cryptocurrency exchange WazirX

February 3, 2023

Former Bank of China advisor urges China to rethink its ban on cryptocurrencies

February 2, 2023

Federal judge forbids SBF from using Signal to contact FTX and Alameda staff

February 1, 2023

Tesla posts a $140 million bitcoin net loss in 2022

January 31, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Research shows London is the commercial city that is the most geared for cryptocurrencies February 5, 2023
  • Australia scheduled to release plans to regulate cryptocurrencies in the country February 4, 2023
  • Binance severs ties with Indian cryptocurrency exchange WazirX February 3, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) COTI (COTI) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in