Terra Luna Classic Reaches The Milestone! / Lunc Coin Last Minute / Crypto Analysis
1 year ago
Terra Classic
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Cryptocurrency markets are on the move again. Can LUNC make a move similar to their recent rally? What is the latest situation for LUNC Coin?
Cryptocurrency investors were somewhat relieved today. Prior to its minutes, Bitcoin rallied from the bottom above $16,500. The weighted sentiment of the investors and the expectation of many analysts in the market is that the Bitcoin price will fall to the level of $ 13,000, and the decline, which has been going on for months, has not been able to reverse the sentiment, despite the bottom of $ 15,470.
Having gained more than 8% in the last 24 hours, LUNC Coin has witnessed a promising rise. The growth hinted that the end of this month could be rewarding for investors. According to koinMarketkap, at the time of writing, the LUNC price was trading at $0.0001661. Also, with the increase in the price of LUNC, its market cap was also about to exceed $1 billion. This could be a turning point for LUNC.
In addition, LUNC managed to enter the most trending cryptocurrencies list of koinMarketkap. This news is pretty good as it shows the popularity of the related cryptocurrency is increasing. Investors are more interested in LUNC these days and a price increase could come if risk appetite increases. Moreover, the 1 billion dollar threshold is an extremely critical level. LUNA victims strive to mitigate their harm by building a community around LUNC.
Another positive piece of information was revealed by a popular Twitter user, WhalesClub, as LUNC was in the number one position by market cap. Judging by LUNC's on-chain metrics, development activity has increased over the past week, which is an important positive signal for a blockchain. Volume has followed a similar course and has seen an uptick over the past few days.
The positive news was not limited to these, speculative altcoin LUNC is also attracting attention with its recent burn rate. As of November 23, 2022, more than 28 billion tokens have been burned. From a broader perspective, it accounts for only 0.4% of this trillion-dollar supply. Another good news is that the Binanse stock market will announce the burning data for November next week. An estimated $1-3 million more tokens are expected to be burned. LUNC's daily chart also looked bullish as many of the market indicators were supporting further uptrends.
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