Terra Classic (LUNC) Ultra Bullish and Surges Above 50%

LUNC Witnesses a Dramatic Price Surge, Will It Continue?
  • LUNC price has surged up to 50% in the last 24 hours.
  • The market cap is currently $1.5 B with a 48.39% increase.

Terra Classic (LUNC) is back on track. The price has surged up to 50% in the last 24 hours. The market capitalization has also attained the 1 billion mark after 3 months. The staking has also been steadily increasing. And the trading volume has peaked at over 100% too.

LUNC Price Chart (Source: CMC)

At the time of writing the price of LUNC is $0.002297 but it’s high in the last 24hrs at $0.0002436. The lunatic community is confident in the belief that LUNC this hike will give the greatest bounce back in the crypto community.  

LUNC Market Cap Chart (Source: CMC)

Similarly, the market cap is currently $1.5 B with a 48.39% increase in the past 24 hrs. The peak in the market cap was at $1.6 B with a $925.66 M trading volume. Trading volume as of now is over $978 M and the escalation is around 136%.

Assumed Cause for LUNC Hike

The token has also shown a climb in the staking as well because of the newly introduced staking feature. Along with that, the recent imposition of a 1.2 % burn of tax for all transactions has also played a key role in this price hike.

The end motto of the new staking protocol is to reduce the number of tokens in circulation. The staking feature became operational as part of the Terra Classic V22 network update. More than 1% of the LUNC supply was staked within 24 hours of the release.

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