Luna Classic (LUNC), being frequently compared with Terra Luna (LUNA), has shown mixed trends in terms of price and circulation despite reaching important landmarks in its capitalization. While it suffered a shocking fall from $119 to $0.005, there's growing consensus from multiple analytics and specialists suggesting a considerable market rally in the future. Helped by massive token burns, including a recent burn of 736 million LUNC by Binance, it has shown notable bullish momentum.
Some traders suspect a bullish run, asserting that despite
LUNC behaving like a meme coin, it has the potential to reach the $1 mark. Conversely, others perceive this aspiration as far-fetched, warning that the coin still faces severe resistance levels. Despite the unexpected end due to stable coin regulations and community voting to transform subsidiary USTC into a meme coin, LUNC shows strong signals of recovery and resurgence.
Further complicating the general uncertainty around LUNC, there have been mixed reactions to the proposal of a major upgrade on the Terra Luna Classic Network, and a surprising court ruling ordered a substantial LUNC burn as part of an astronomical settlement. With
Binance backing the upgrade, the LUNC Rally seemingly gaining momentum, and a more significant burn rate, some Market professionals predict LUNC eyeing a significant breakout. Nonetheless, the risks of investing in LUNC remain high, especially given the coin’s past volatility and recent controversies.
LUNC Coin News Analytics from Mon, 20 Jan 2020 02:04:06 GMT to Tue, 10 Jun 2025 06:00:33 GMT -
Rating -4
- Innovation -3
- Information 8
- Rumor -7
