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Terra Luna Classic (LUNC): Top 5 Reasons Why LUNC Price Could Reach $1 in 2024

 Posted On February 4, 2024 8:22 am Prasanna Peshkar



Despite a challenging period, Terra Classic (LUNC) is showing signs of a potential turnaround as the broader crypto market experiences a bullish resurgence. The recent pause in its decline suggests that Terra Classic might be gearing up for positive momentum after a period of challenges. Let’s take a look at the top 5 potential reasons why LUNC price could reach $1 in 2024.

Contenu [cacher]

1 How has the LUNC price moved in the recent days?

2 Why is the LUNC price UP?

3 Reasons Why LUNC Price Could Reach $1 in 2024

4 Buy Cryptos with Bitget with the CHEAPEST Fees

How has the LUNC price moved in the recent days?

LUNC/USD Daily Chart- TradingView

LUNC is cruising at $ 0.000106 right now, with a decent trading volume of $ 114.58M and a market cap of $ 613.09M. In the past 24 hours, it’s seen an 11.16% bump.

Flashback to Apr 5, 2022 – that was Terra Classic’s golden moment when it hit an all-time high of $ 119.01. But, hey, we’ve all had our low days, and May 13, 2022, was one for LUNC, hitting its all-time low of $ 0.00001651. The sentiment vibes are a bit bearish at the moment, scoring 60 on the Fear & Greed Index (yep, greed’s in the air).

With 5.78 trillion LUNC out of the max 6.88 trillion in circulation, Terra Classic’s been on a -3.52% yearly supply inflation rate, cooking up -210.78 billion LUNC in the past year. 

Why is the LUNC price UP?

Binance just lit up the burn scene by torching 2.1 billion Terra Luna Classic (LUNC) tokens. They tossed ’em into the burn address terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu in a fiery transaction on January 1. 

This marked the 18th round of the LUNC burn strategy, covering the period from December 31 to January 30. The burn-o-meter hit 51.27 billion Terra Classic tokens so far, all sizzling from trading fees

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