CryptoCom finally includes Luna Classic (LUNC) on its official list of top-gaining crypto assets after days of delay.
LUNC has remained the best performing asset in the crypto space for up to a week now, as the asset stages an unexpected rally. Despite these massive gains in such a short period, Singapore-based exchange Crypto.com had refused to add the asset to its top gainers’ list.
Just recently – about a few hours ago – the exchange decided to include the asset on the top gainer list. Additionally, as expected, LUNC sits comfortably at the top of the list. Per data from the Crypto.com list, the asset has gained by 56% in the past 24 hours at the time of writing.
A Redditor revealed the development in the terra luna subreddit shortly after the exchange added the asset. “LUNC finally added to the Crypto.com top gainers.” Though elated, most users noted that the move should have been made days back. Binance had already added the asset to its top gainer’s list at the early stages of its rally.
Following the Terra debacle that resulted in losses of tens of billions for investors, the Terra ecosystem has suffered a certain kind of animosity from the rest of the crypto community. The delay from Crypto.com highlights this general sentiment, among other things.
LUNC has surged by 163% in the past week
Luna Classic has been on a rampage for the past week. The asset dropped to $0.00010 from its high of $0.00015 in late June as the bears took control of the markets. The bearish price action spilled to July, with LUNC dropping to as low as $0.00009. The asset met an extensive consolidation period at this level.
Its consolidation came to an end on August 25. When the rest of the markets reacted badly to Fed Chair Jerome Powell’s bearish speech, LUNC was making silent upward moves. The asset ended in August with a value of $0.0002252, but it didn’t stop there.
LUNC surged by over 50% on September 1 to a value of $0.00034 before meeting a mild retracement back to $0.00022. The asset staged another massive rally from September 2, surging to a 3-month high of $0.00044 on Tuesday. The recent surge has massively increased the asset’s market capitalization as it rises above several notable assets.
Despite a mild correction from the $0.00044 high, LUNC has seen a 163% increase in the past seven days. This makes it the highest-gaining asset in the past week. The coin now secures the 205th position on the list of cryptocurrencies by market cap, with a market cap of $2.41B at the time of reporting.
LUNC is now above assets such as Toncoin (TON), Bitcoin BEP2 (BTCB), Chain (XCN), BitDAO (BIT), and Wrapped BNB (WBNB) in terms of market capitalization. The asset has added over $1B to its valuation in 7 days. The asset’s market cap surged from $1B at the end of August to the current $2.41B.