Why Is Terra Classic’s LUNC Price Up? Why the Token May Not Be Dead After All

There has been growing bullish sentiment around Terra Classic’s LUNC token lately, with some prominent voices arguing that LUNC may not be as “dead” as some have suggested.

Dr. Muhammad Zaheer Awan, a YouTube personality who goes by @zaheerawan, noted that crypto exchange Binance continues to burn LUNC supply and supports innovation on the L1 blockchain to “delete zeros.”

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Similarly, Twitter user Mr. Diamondhandz1 (@MrDiamondhandz1) pointed out that LUNC saw a massive 700% surge in 24-hour trading volume, hitting $135 million. The token has outperformed every other top 100 crypto in terms of 24-hour percentage change.

Mr. Diamondhandz1 believes this shows LUNC has life still, given Binance’s continued burns to reduce supply. He suggests investors should pay attention before “getting left behind.”

The bullish observations from Dr. Awan and Mr. Diamondhandz1 indicate there may be growing community support behind reviving LUNC after its dramatic crash last year. With key players like Binance lending support, perhaps LUNC can mount a phoenix-like comeback in 2023 against the odds.

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Philipp Traugott
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.