Terra Classic [LUNC] had been on the death bed for a few months after the massive Terra crash. However, the altcoin recently showed massive signs of revival.
The token registered more than 100% gains, making it one of the top gainers of the last month. The same trend seems to be continuing in September. At press time, LUNC was trading at $0.0005209 with a market capitalization of $3,210,139,589.
LUNC secured the #26 spot on the list of top cryptocurrencies in terms of market cap. Moreover, major exchanges are also supporting the token, which could further fuel the surge in the days to come.
Recently, Kucoin, a popular crypto exchange platform, mentioned that it plans to support the LUNC 1.2% tax burn protocol when implemented on the blockchain.
<p lang=«en» dir=«ltr» xml:lang=«en»>#KuCoin Will Support the 1.2% Tax Burn Proposal of the Terra Classic $LUNC Community— KUCOIN (@kucoincom) September 7, 2022
Kucoin also advised users to transfer all mainnet LUNC tokens into KuCoin before 12 September to prevent the probable rise in deposit fee costs. The burn protocol itself is a major positive update for LUNC.
Well, the burn intends to increase the token value by burning a few that are in circulation. The support from Kucoin further increases the chances of a continued price surge.
Additionally, LUNC developers also released a roadmap mentioning the strategy for the revival of the blockchain and LUNC. The roadmap showed a promising future for the token if implemented as per plan.
<p lang=«en» dir=«ltr» xml:lang=«en»>BREAKING NEWS: @TerraRebels NEW $LUNC RoadmapLIKE & RETWEET TO SPREAD THE MESSAGE #LUNC! pic.twitter.com/pqsnuDauLB
— LUNC Billionaire (@LunaFanatic1) September 7, 2022
Santiment’s data revealed that the price surge
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