Terra Classic, left behind by Terra LUNA investors and even changed its name, continues to show rises that will make LUNA jealous. LUNC, which has been increasing continuously and gaining more than 10 times since the bottom level in June, has rallied 300% in the last 15 days.
The lowest value for LUNC in 2022 was seen on June 9 with $0.000041. Considering that the current price is at the level of $ 0.0004, those who are at the bottom have increased almost 10 times.
As it is known, the Terra Classic community has been discussing the issue of gaining some functions such as staking and 1.2% LUNC burning in each transaction recently. Of course, how this burn will cause a decrease in the supply of LUNC, and whether it will even create is a separate topic of discussion.
As in Shiba Inu for a while, it is stated that investors in Terra Classic (LUNC) also have 1 dollar hopes. However, it should not be forgotten that for LUNC to rise to the level of $ 1, it currently needs to reach a market value of about $ 6 trillion, which is close to impossible. The current total value of the entire cryptocurrency industry is about $ 1 trillion.
While $1 may seem like a dream, some investors have more realistic goals. That is, LUNC reached a market value of $ 40 billion in the LUNA period. Terra LUNA reached this level in April 2022, when it was traded at $ 119. According to CoinGecko data, the price of Terra Classic (LUNC) was recorded as $0.0004118 at the time of writing. Terra Classic (LUNC) 24-hour trading volume was $2,641,667,758. Terra Classic (LUNC) price has increased by 41.5% in the last 24 hours.