Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Assessing the Probability of LUNC Starting a Bull Market
ALTCOIN NEWS

Assessing the Probability of LUNC Starting a Bull Market

By Crypto FlexsNovember 27, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Assessing the Probability of LUNC Starting a Bull Market
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: November 27, 2023

  • The Terra Classic’s burn rate has remained high while its price has increased.
  • LUNA also followed LUNC’s footsteps, with its price rising sharply over the past 24 hours.

Terra Classic (LUNC) It has shown commendable performance recently, with prices rising by double digits. This occurred at a time when the burn rate of tokens was increasing, reducing circulating supply.

But is LUNC’s high burn rate the only reason for the surge, or is there more to consider?

Terra Classic is on fire

Explore CoinMarketCap data The price of LUNC has risen by more than 25% in the last 24 hours. At the time of this writing, Terra Classic was the 79th largest cryptocurrency, trading at $0.00009977, with a market capitalization of over $578 million.

A possible reason for this rise could be the high burning rate of LUNC.

Breaking news πŸ”₯πŸ”₯πŸ”₯

78.5 billion $ away It burned down πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯ pic.twitter.com/iVNZJKZ8xw

β€” LunaClassic HQ πŸŒ•β„’ (@LunaClassicHQ) November 26, 2023

For the uninitiated, when a token is burned, its circulating supply decreases, making the asset more valuable. AMBCrypto’s Luncmetrics analysis showed Over 700 million LUNC tokens were burned in the last 7 days alone.

A total of over 78.24 billion LUNC tokens have been burned so far, reducing the circulating supply to 5.8 trillion.

Source: Lucmetrics

In addition to the high burn rate, several indicators also supported LUNC’s recent price upward trend. In particular, trading volume surged by more than 1000% in the last 24 hours. As a result, awayAs with open interest, price volatility of 1w has also increased, increasing the likelihood of a continued upward trend.

However, while prices have soared, development activity around blockchain has declined.

Source: Santiment

AMBCrypto’s analysis of LunarCrush data shows that LUNC’s social and market power have increased by 196% and 28%, respectively, over the past 24 hours. Another bullish indicator was LUNC’s AltRank, which improved over the same period.

Source: LunarCrush

Will the bull rally last?

AMBCrypto then checked Terra Classic’s daily chart to better understand whether the bull market would continue. According to our analysis, awayThe MACD showed a bullish crossover. Chaikin Money Flow (CMF) also moved northward, increasing the likelihood of a continued uptrend.

However, the Relative Strength Index (RSI) is close to the overbought zone, which is a sign of increasing selling pressure and could result in a price correction.

Source: TradingView


Realistic or not, the following is Market capitalization of LUNC based on BTC


While LUNC is rebounding, its sister token LUNC Earth (MOON), I also chose a similar path. Depending on the CoinMarketCapLUNA is up more than 14% in the last 24 hours, re-entering the top 100 club by market capitalization.

At press time, LUNA was trading at $0.7925, with a market capitalization of over $460 million.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Phemex Launches Multi-Assets Mode To Enhance Trading Efficiency And Risk Management

September 12, 2025

Ethereum Meme Coin Little Pepe Crosses $25M, Announces 15 ETH Giveaway

September 12, 2025

DOLLUM Expands Wallet Opportunities, Introducing New Security Features Following The DOL Token Sale

September 12, 2025

Ethena (ENA) Eye 50% rally, whale activities, transactions and users surge

September 12, 2025

Bitmine ‘s ethereum Holdings 46,255 Eth Buy 2.1 million units

September 12, 2025

Manual guide: beginner guide

September 11, 2025

KuCoin Partners With Golf Icon Adam Scott As Global Brand Ambassador

September 11, 2025

Eightco Holdings Inc. Announces Nasdaq Ticker Symbol Change To ORBS, Advancing The AI Revolution

September 11, 2025

Automated Mining Can Earn You $20,000 A Day. Get Started In Three Steps To Make Your Profits Manageable And Visible.

September 11, 2025

Vaneck checks the Hyperliquid Hype ETF plan in the United States and Europe.

September 11, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Phemex Launches Multi-Assets Mode To Enhance Trading Efficiency And Risk Management

September 12, 2025

Ethereum Meme Coin Little Pepe Crosses $25M, Announces 15 ETH Giveaway

September 12, 2025

DOLLUM Expands Wallet Opportunities, Introducing New Security Features Following The DOL Token Sale

September 12, 2025
Most Popular

NVIDIA NIM Microservices Revolution AI distribution AI Foundry

May 13, 2025

The new era of Web3 gaming

July 19, 2024

Bitcoin prices integration and optimistic hot chain data suggest the new all -time highs by next week.

May 14, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.