đ LUNC and $USTC Prices Rally As Burn Activity Fuels Optimism
Binance has increased its frequency of burns in recent months. In September alone, the exchange performed the $LUNC burn six times, a significant jump from its previous once-a-month schedule. This revised approach has led to speculation within the #TerraLunaClassic community that Binance may be ramping up its commitment to reviving the tokenâs value.
The burning mechanism has fueled market optimism, sparking a rally in both #LUNCâ and USTC prices. During writing, LUNC price traded at $0.00009723, after touching a high of $0.00009944 in the last 24 hours.
Simultaneously, the #USTC price exchanged hands at $0.02433, while its trading volume jumped 65% to $93.54 million. Notably, the crypto has touched a high of $0.02535 in the last 24 hours, indicating the growing confidence of the market towards the crypto. In addition, a recent LUNC price analysis hints at a potential 40% rally following the latest Binance burn.
