belonging to the Terra ecosystem TerraClassicUSD (USTC) and Terra Classic (LUNC) have seen some pretty strong price increases for the past few days. In addition to these developments, the LUNA 2.0 price has also managed to increase by 30% in the last week.
LUNC price Up 41%
According to data from Santiment, the crypto community has abandoned Terra tokens due to increased volatility. However, LUNC and USTC have recorded a 107% and 320% price increase in the last 55 hours, respectively. This jump may soon increase the interest of traders.
Koinfinans.com As we have previously reported, USTC, which lost its stability to 1 dollar after the big collapse, increased by 900% in the last seven days. 24-hour trading volume increased 285% to $379.1 million. TerraClassicUSD is trading at an average price of $0.083 at press time.
Altcoin whose market value has increased by $ 400 million in the last 24 hours. It currently stands at $854.2 million. This increase helped the token enter the top 50 crypto list.
Terra Classic’s prices also attracted attention by increasing 41% in the last 24 hours. LUNC’s 24-hour trading volume increased 100% to $969 million. However, it is trading at an average price of $0.0012 at press time.
Metaverse Project Accepts Terra LUNC
StarShip The new metaverse project named LUNC has announced that it has included the LUNC application in its ecosystem. The firm will burn 1.2% of the Terra Classic token received as payment. This move will definitely help reduce the supply of existing tokens.
Despite all these developments, investors, of course, do not feel confident about investing or not. Although the rise in price draws attention, the collapse in May is still in mind.
The latest trend is Terra’s newly launched LUNA It made the 2.0 increase in price. The price of LUNA is up 15% in the last 24 hours, trading at an average of $2.57. However, it is still 86% below its all-time high of $19.4.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.