Terra Classic’s LUNC price sees a spike, but can this momentum carry on?

Terra Classic (LUNC) is the original Terra Luna chain that was left behind after the collapse of Terra (LUNA/USD) and TerraUSD (UST/USD).

Terra Classic is a hard fork that occurs at a point in time when a blockchain splits and creates two separate networks.

Do Kwon, the CEO of Terraform Labs, urged the hard fork on Terra (LUNA) to revive the network, where UST was completely disregarded in the ecosystem, and Terra will no longer include any algorithmic stablecoin components.

On August 26, 2022, LUNA had a value of $0.00012. On September 1, it spiked to $0.0003392, which marks an increase in value of $0.0002192 or 182%.

This recent spike in value has been backed by massive volume, which validates the uptrend and increases the chances of LUNC keeping up this momentum going forward. 

As of September 1, the trading volume of Terra Classic increased 61% in the last 24 hours.

On August 29, 2022, Terra also announced on Twitter that they are rolling out the new Governance Alert Bot, which will alert users on the latest governance activities occurring on top of Terra.

On September 2, 2022, Terra Classic (LUNC) had a value of $0.00026496.

The all-time high of the Terra Classic (LUNC) cryptocurrency was on April 5, 2022, when it reached a value of $119.18.

When we go over its performance in August, Terra Classic (LUNC) had its lowest point of value on August 20 at $0.00008664. Its highest point of value was on August 31 at $0.0002183.

Here we can see that Terra Classic (LUNC) increased in value by $0.00013166 or 152%.

With this in mind, investors might want to buy LUNC, as it can increase in value to $0.0004 by the end of September 2022.

The post Terra Classic’s LUNC price sees a spike, but can this momentum carry on? appeared first on Invezz.

View Details

Even with Ethereum 2.0 underway, L2 scaling is still key to DeFi’s future

By incorporating scaling solutions, such as rollups and sidechains, Ethereum has the potential to implement the true vision of DeFi.

View Details

Ethereum funding rate hits 8-month high Is an ETH price correction coming?

Ethers funding rate soared to an 8-month high, but is it a sign of a strengthening rally or an impending price correction? 

View Details

Carry Token Price Prediction: Time to Watch CRE as Launchpad XYZ Gains Traction

Carry token (CRE) added notable gains today, August 4, as the global crypto market signals signs of recovery. The coin’s surge can be attributed to [...]

View Details