Terra Classic (LUNC) has difficulty presenting an optimistic picture after 2022, when it dominates the cryptocurrency market. The altcoin, which had previously exceeded $100, was virtually erased from the market after the great chaos it created. The asset, which continued to remain active with the support of the community, dropped to a very low price of $0.000001. However, the support of the community and the speculative interest of investors help the asset come to the fore frequently.
Why is Terra Classic (LUNC) on the Agenda?
LUNC price finally rose last month, with the price up nearly 14% from a week ago. The price is currently trading at $0.0001407. This means a significant decrease of 8% compared to the previous day. The same happened with the trading volume, as it decreased by 38% and is currently sitting around $154,646,132.
As Koinfinans.com reported, LUNC burned 100 billion coins with the support of Binance in order to reduce volatility. This means that at least 51% of the burns came from Binance. Today, the 19th phase of the cremations will take place and the community is preparing for the announcement with the hope of a great cremation.
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altcoin‘s circulating supply is approximately 5.7 Trillion and its total supply is 6.8 Trillion. As the crypto market is on the rise, the LUNC community is working to increase utility, raise funds, and increase burn rate. While the previous burning increased the price, it is possible that the 19th burning will also increase it. Moreover, this time the sentiment in the market is even more positive.
