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Home Crypto News Market Santiment: Terra Luna Classic (LUNC) 107% and USTC 320% Sudden Uptick Might...

Santiment: Terra Luna Classic (LUNC) 107% and USTC 320% Sudden Uptick Might Reawaken Interest Soon

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Santiment Reports Terra Classic (LUNC) and USTC Recent Surge Can Revive Interest In Coins Soon.


According to research by the crypto analytics company, Santiment, TerraClassic (LUNC) and TerraClassicUSD (USTC) have been almost ignored by the cryptocurrency community for the previous two to four months. 

Nevertheless, the increases of +107 percent and +320 percent, respectively, in LUNC and USTC during the course of the last 55 hours are something that may soon warrant further notice.

Santiment tweet says:

“TerraClassic and TerraClassicUSD have been all but abandoned by the crypto community over the past 2-4 months. However, LUNC‘s +107% and $USTC‘s +320% respective rises in the past 55 hours are something that may merit increased attention soon.”

 

Despite the increase in LUNC and USTC prices at the end of this month, the number of people who follow LUNC on Santiment continues to decrease.

According to the cryptocurrency market data aggregator CoinMarketCap, the number of people who owned LUNC started to increase at the same time that its price began to rise, which was about the same time that USTC prices also began to rise.

From the 26th of June till around the 29th of June, the number of people who had the LUNC token rose from 10,006 to 10,349. This is a rise in LUNC holders of around 1.41 percent.

Furthermore, a recently initiated metaverse venture known as StarShip has disclosed that it would be incorporating LUNC into its ecosystem. It will be one of the methods of payment that is acceptable to use.

The company plans to burn the 1.2 percent of Terra Classic tokens it has received as payment. This action will undoubtedly contribute toward lowering the quantity of the current tokens in circulation.

This current pattern has allowed Terra’s recently released LUNA 2.0 to achieve an increase in pricing. The price of LUNA has increased by 15 percent in the last twenty-four hours, and it is now trading at an average price of $2.57. Despite this, it is still 86 percent lower than its all-time high price of $19.4, which was reached earlier.

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Bernnan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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