Terra Luna Classic Price Prediction as LUNC Pumps 8% in 7 Days – Here’s Where It’s Heading Next
The Terra Luna Classic price prediction is bullish, as the LUNC/USD pair has gained support at $0.000169, a support level extended by an upward trendline. The cryptocurrency market has recently been harsh on investors, with most cryptocurrencies failing to generate gains due to liquidity concerns at FTX, Genesis, and numerous other crypto exchanges.
Terra Classic (LUNC) saw a minor price increase, defying the trend of other high market-cap cryptocurrencies.
On December 3, Terra Classic LUNC's social activity made it the most popular altcoin. According to LunarCrush, the social intelligence tracking tool, LUNC has its ever-ready community to thank for the milestone.
Contributions to society comprised 12% of the total, while participation in activities accounted for the remaining 71%. This increase showed a reawakening of activity across social platforms from the LUNC tent.
The token achieving such heights might be tied to the recent landmark hit with LUNC's burn activities. On December 1, LUNC burn reached a new all-time high of 6,389,633,879, a rise of 972,516% over the previous year.
Some in the LUNC community blame Binance, a cryptocurrency exchange that supported the burn scheme, for the price increase. However, the momentum seems to have dipped, as LunaBurnTracker indicated that there had been a 100% decrease to 3,167,134 LUNC in the last 24 hours.
The price of LUNC surged by more than 8% in the last seven days, according to CoinMarketCap data. As of this writing, it was trading at $0.000173, with a market cap of more than $1 billion. Given the fear, uncertainty, and doubt (FUD) in the market, trading volume has decreased and has remained below $1 billion.
The LUNC/USD is bearish after breaking through the $0.00016 upward
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