š„š„ Whatās next for Terra Classic after LUNCās 80% rally ? š¤
š Though noted for its long-term volatility and for failing to participate in the 2024 bull market since early March, Terra Classic (LUNC) has made great strides in recent weeks.
Specifically, the project, which was continued by its community after Terraform Labs (TFL) collapsed in 2022, shows a 19.75% surge to LUNCās press time price of $0.0001546 in the last 24 hours, and the 30-day chart is even more impressive, demonstrating that the token is up 89.80%.
š Why did LUNC rally 80% in 30 days
Such performance is not particularly surprising, given the good news associated with Terra Classic that emerged in recent months and the overall cryptocurrency market sentiment.
š Can LUNC make a massive comeback in 2025?
Despite the current momentum ā and despite deflationary measures implemented by the Terra Classic team ā LUNCās rally remains fraught.
The token is well-known for its volatility, and the networkās staking and minting mechanisms remain a concern.
Furthermore, Terra Classicās association with one of the highest-profile cryptocurrency scandals and the collapse that, arguably, triggered the ācrypto winter,ā means that the ongoing rally is probably more a sign of the broader digital assets optimism and the euphoria from the bankruptcy finally winding down than a show of confidence in LUNCās future.
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