Attention is back on Terra Luna as the token hits heights not seen since Spring 2022.
Luna Classic Market Cap Eclipses $1B
The Luna Classic (LUNC) Market Capitalization (market cap) has once again pushed past $1 billion as the chain slowly upgrades and recovers. Trading volume on January 14 peaked at over $400 million, an increase of around 200% from around $180M the day before.
Riding the recent market pump centered around Bitcoin pushing through $21k for the first time since November 2022, Luna Classic token is up 23% in the last two weeks, according to CoinGecko. The latest pump pushed the market cap of $LUNC past $1 billion for the first time since May 2022.
Luna Classic has slowly been recovering since its epic collapse in Spring of 2022. The chain currently has a proposal pending to upgrade its software to v1.0.5, which has notably been given support from Binance.
The LUNC community recently burned over 12 Million tokens, which helped move the token up around 6% on January 9.
Attention is officially back on Luna Classic. From Binance following and supporting the ongoing upgrades to a massive increase in trading volume, Luna Classic has the attention of the crypto community once again based on pure numbers.
The LUNC token is currently trading at $0.0001776, at the time of writing. The token is down 3.0% in the last 24hrs after the big pump.
What Is Terra Classic (LUNC):
Terra is a blockchain protocol that attempts to use fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship resistance of Bitcoin (BTC) and offers fast and affordable settlements. The original native token — LUNA has also been renamed to LUNA Classic (LUNC). Moreover, all network stablecoins (UST, KRT, EUT) have been renamed to Terra Classic stablecoins (USTC, KRTC, EUTC). There are no Terra stablecoins on the new chain.
Where to find Terra Classic (LUNC):
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
