Terra Classic Year-End Forecast Announced

Terra Classic’s market value has reached $1 billion again. Binance again burned a large amount of tokens, while LUNC gained 18% last week. According to data from CoinMarketCap, the value of LUNC increased by 15.5% yesterday. Binance continues to be at the top of LUNC burns. Binance burned 6.3 billion LUNC in November. After the burn, Binance burned a total of 20.1 billion LUNC. The number of LUNC burned to date has exceeded 35.2 billion. According to current data, 24-hour trading volume increased from $80 million on November 30 to $126 million on December 1. This indicates that investor interest in LUNC has regained momentum. Transaction volume increased 57.4% in less than 24 hours. Volume is up another 98% today, to $250 million as of now.

LUNC’s market cap surpassed 1.11 billion for the first time since November 14. Interestingly, LUNC outperformed Huobi Token (HT), Pax Dollar (USDP), Tezos (XTZ), and Aave (AAVE) by market cap. The LUNC community continues to make new moves in line with the new roadmap. The Terra Rebels group has introduced its own Terra Classic wallet to reduce dependency on Terra Station and Terraform Labs. This development comes a day after the group debunked rumors of leaving the LUNC chain, stating that they plan to switch to a budget operating model.

Additionally, the LUNC network is scheduled to re-enable Blockchain Communication channels on December 5 before the V23 upgrade is revealed. Amid these developments, LUNC is currently trading at $0.0001874, up 2.18% in the last hour. The community expects LUNC to close the year at $0,0002017, up 7.53% from its current value.

While the crypto money market struggles to survive under the pressure of the FTX crisis and the domino effect after it, the interest of investors in Terra Classic does not decrease. According to experts, after LUNC became a community-focused altcoin project, it took on a similar structure to meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). So it won’t be surprising if LUNC is making surprise rallies in the coming days.

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