🚀🔥 Terra Classic price prediction as LUNC rallies 30% in a month🚀🔥

And today surge price 44.5% price of 0.00009109 from last month🥹

Terra Classic (LUNC) has taken centre stage in what seems like a bullish week for the cryptocurrency market, and many wonder whether it could hit $0.01 anytime soon.

Speculation about a rally is driven by the recent surge in token prices and the notable development activities on the Terra blockchain. Many believe that these events could set the token on the path of achieving its previous peak price of $120.

Recent Price Movements of LUNC and USTC

Over the last 48 hours, LUNC has experienced a 1% price increase, and over the past week, it surged impressively by 15%. Currently, LUNC is trading at $0.000063. In the same 24-hour period, its lowest point was $0.0000612, while it reached a high of $0.0000671.

On the other hand, USTC, LUNC’s stablecoin partner on the Terra blockchain, is currently trading at $0.011, with a recent 3% increase in the last 24 hours and a notable 12% increase over the week. In the same 24-hour period, the lowest USTC reached was $0.0115, and its highest point was $0.0137.

Community Efforts to Revitalize LUNC & USTC

After the 2022 Terra-LUNA crisis, Terra Luna Classic became a community-managed blockchain network. Since then, the community has actively explored ways to reinvigorate and enhance the appeal and prices of the blockchain’s two tokens: LUNA, now rebranded as LUNC, and UST, now rebranded as USTC, the foremost algorithmic stablecoin in the market. One of their strategies is to reduce the supply of these assets through burning periodically.

Recently, the community decided to burn a significant number of USTC tokens, approximately 800 million, which accounts for about 9% of the total supply. This decision followed several months of debate, with proponents arguing that burning was necessary to encourage wallet owners to participate in the broader initiative to stabilize the token.

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