Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Terra Classic’s price approached the $0.0001 range.
- LUNC surpassed $1 trillion in staking.
In a noteworthy development, Terra Classic (LUNC) has shown impressive strength against increasing selling pressure, resulting in a significant recovery in its price. As of the latest update, the cryptocurrency has seen a considerable increase, with LUNC trading up over 4% at $0.0000953. This increase also represents a substantial rebound of nearly 12% from the recent yearly lows observed in the past two weeks, during which LUNC fell to the $0.0008449 range.
LUNC’s Rapid Increase Takes Market Spotlight
As legal disputes intensify within the cryptocurrency sector, leading assets such as Bitcoin (BTC) and Ethereum (ETH) have been experiencing a downward trend due to the Securities and Exchange Commission’s (SEC) actions against prominent trading platforms Coinbase and Binance, exacerbating the situation.
Related Posts
Nonetheless, while the decline in major cryptocurrencies persisted, LUNC continued its upward trajectory and emerged as the “top cryptocurrency gainer” with three consecutive positive candles.
These price movements follow the news that “staking in Terra Luna Classic exceeded $1 trillion” and achieved a new record high over the past year. Subsequently, on May 13, the LUNC price surged approximately 10% and approached the $0.0001 range.
Terra Classic (LUNC) Price Chart (Source: CoinGecko)
Additionally, Terra Classic boasts a 24-hour trading volume exceeding $83,508,945, which increased by about 70%, alongside a market capitalization of $559 million. This impressive recovery signifies a resurgence of renewed confidence and bullish sentiment surrounding Terra Luna Classic.
Recommended for you
Terra Classic (LUNC) Price Prediction 2023
