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.”
📈🤷 #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. 🤔 https://t.co/ddhyKjE9tz pic.twitter.com/oFnZ0JjaNJ
— Santiment (@santimentfeed) June 29, 2022
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.