- Terra Classic’s price reached nearly $0.0001 range.
- LUNC exceeded $1 trillion in staking.
In an exciting turn of events, Terra Classic (LUNC) has demonstrated remarkable resilience against building selling pressure, leading to a substantial recovery in its value. At the time of writing, the cryptocurrency experienced a notable surge, with LUNC trading up over 4% at $0.0000953. This surge also marks a significant rebound of nearly 12% from the fresh yearly lows witnessed over the last two weeks, where LUNC dropped to the $0.0008449 range.
LUNC Rapid Spike Takes Center Stage in the Market
Legal battles escalate in the crypto sphere, and market leaders like Bitcoin (BTC) and Ethereum (ETH) have been on a downtrend due to the Securities and Exchange Commission’s (SEC) crackdown on leading trading platforms Coinbase and Binance, which has made matters worse.
However, while the bleeding in the major cryptocurrencies continued, LUNC maintained its upward trend and emerged as the “top cryptocurrency gainer” with three consecutive green candles.
These price changes come after “staking in Terra Luna Classic surpassed $1 trillion” and recorded a new record high in the past year. Following that, on May 13, the LUNC price soared about 10% and reached nearly a $0.0001 range.
In addition, Terra Classic holds a 24-hour trading volume of over $83,508,945, which soared about 70%, and a market cap of $559 million. Further, this remarkable comeback indicates the resurgence of renewed confidence and bullish sentiment surrounding the Terra Luna Classic.
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