LUNC Price Analysis: Terra Luna Classic Targets 63% Gain After Breakout
- LUNC’s price peaks at $0.000120 following a v3.0.1 upgrade.
- Binance’s 22nd token burn removed 1.35 billion LUNC, totaling 60 billion.
- Analyst Javon Marks predicts a 63% price surge for LUNC to $0.00021439.
LUNC price has been on the rise in the last 24 hours, fueled by activity within the Terra Luna Classic ecosystem such as Binance burning its token and the release of v3. 0. 1 upgrade. This action has triggered a rally, positioning the cryptocurrency for potential gains.
The price movement began with a pre-upgrade surge, a common phenomenon in crypto markets often referred to as “buy the rumor, sell the news.”
LUNC/USD 24-hour price chart (source: CoinMarketCap)
The price of LUNC began the day at around $0.0001193 and saw a steady climb, reaching a peak near $0.000120. Subsequently, the trading volume over the last 24 hours has risen approximately 3.89%, totaling about $28.21 million. This rise in trading volume coincides with a 1.81% increase in market capitalization, aligning well with the slight upward trend in LUNC’s price.
Impact of Token Burn and Network Upgrades
Through its token burn initiative, Binance continues to support the Terr…
The post LUNC Price Analysis: Terra Luna Classic Targets 63% Gain After Breakout appeared first on Coin Edition.
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LUNC Price Analysis: Terra Luna Classic Targets 63% Gain After Breakout
- LUNC’s price peaks at $0.000120 following a v3.0.1 upgrade.
- Binance’s 22nd token burn removed 1.35 billion LUNC, totaling 60 billion.
- Analyst Javon Marks predicts a 63% price surge for LUNC to $0.00021439.
LUNC price has been on the rise in the last 24 hours, fueled by activity within the Terra Luna Classic ecosystem such as Binance burning its token and the release of v3. 0. 1 upgrade. This action has triggered a rally, positioning the cryptocurrency for potential gains.
The price movement began with a pre-upgrade surge, a common phenomenon in crypto markets often referred to as “buy the rumor, sell the news.”
LUNC/USD 24-hour price chart (source: CoinMarketCap)
The price of LUNC began the day at around $0.0001193 and saw a steady climb, reaching a peak near $0.000120. Subsequently, the trading volume over the last 24 hours has risen approximately 3.89%, totaling about $28.21 million. This rise in trading volume coincides with a 1.81% increase in market capitalization, aligning well with the slight upward trend in LUNC’s price.
Impact of Token Burn and Network Upgrades
Through its token burn initiative, Binance continues to support the Terr…
The post LUNC Price Analysis: Terra Luna Classic Targets 63% Gain After Breakout appeared first on Coin Edition.
Read More