Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»LUNC Stuns With 300% Rise, Can It Reach Previous ATH Market Cap?
EXCHANGE NEWS

LUNC Stuns With 300% Rise, Can It Reach Previous ATH Market Cap?

By Crypto FlexsDecember 7, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
LUNC Stuns With 300% Rise, Can It Reach Previous ATH Market Cap?
Share
Facebook Twitter LinkedIn Pinterest Email

Terra Classic (LUNC) price has been on a downward trend recently and has outperformed almost every cryptocurrency on the market over the past month. The price rose more than 300% in 30 days, pushing its market capitalization past $1.5 billion once again. As the coin continues to outperform, it becomes more likely that it will return to its previous all-time high market capitalization.

LUNC price hits one-year high.

Following the collapse of Terra in 2022, the price of LUNC (then known as LUNA) plummeted from over $100 to less than $0. This continued through last year, especially with LUNC supply increasing to over 6.5 trillion.

As the price fell, the market capitalization also fell. However, given the price recovery so far, a surge in market capitalization is not surprising. However, there is still a long way to go from the all-time high market capitalization of $45 billion achieved in 2021.

Now, if LUNC regains its all-time high market capitalization once again, it will see a significant increase from its current price. However, it is still far from the ATH price of $120. With a market capitalization of $40 billion, the price of an altcoin is only about $0.007.

This means that it will rise more than 10 times the current price. However, it is still very low compared to the previous price and the price of the new LUNA token, which was launched in 2023 and is already trading above $1.

Token price breaks $0.0002 | Source: LUNCUSDT on Tradingview.com

Can Terra Classic beat its previous ATH?

The LUNC community has implemented a burn plan to reduce the amount of tokens in circulation. This resulted in billions of tokens being taken out of circulation in less than a year. According to data from the LuncMetrics website, 83.77 billion tokens have been burned so far since the 2022 burn plan was introduced. However, this is only a reduction in the total token supply, which is in the trillions.

Despite this, the community continues to burn tokens to drastically reduce circulating supply. Over the past seven days, just over 5.2 billion LUNC tokens have been sent to burn addresses, reducing supply slightly.

The LUNC price is already far from regaining its former glory, but the coin still has a long way to go. If the bull market continues to perform well, a return to the $0.01 level is possible. As the cryptocurrency industry grows, it becomes more likely that the top coins will surpass the $100 billion market cap, signaling a brighter future for altcoins.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) will be capped under the resistance -will buyers regain control?

June 2, 2025

Ether Leeum price is faced with light correction -focus of support level

June 1, 2025

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025
Add A Comment

Comments are closed.

Recent Posts

AI influence exploration: The necessity of human verification in the digital world

June 3, 2025

Bitcoin vs Altcoins-Check for the new ALT season.

June 2, 2025

NVIDIA improves everything by acceleration of RTX AI PC.

June 2, 2025

SPX, DXY, BTC, ETH, XRP, BNB, SOL, Doge, ADA, Hype

June 2, 2025

Electrum testnet wallets do not display the trading record for the address.

June 2, 2025

BNB AI Hackathon promotes innovative projects to higher classes

June 2, 2025

It is so easy to be a millionaire! Winner Mining helps to become rich in 2025

June 2, 2025

Can Ether Lee’s signal with a major candlestick pattern?

June 2, 2025

Stellar (XLM) Soroban Audit Bank Smart Contract Security Improvement

June 2, 2025

Flux.1 KONTEXT: Edit Image Editing as a Multimodal Model

June 2, 2025

Genzio podcast | Vault12 encryption inheritance and asset management | Toronto

June 2, 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

AI influence exploration: The necessity of human verification in the digital world

June 3, 2025

Bitcoin vs Altcoins-Check for the new ALT season.

June 2, 2025

NVIDIA improves everything by acceleration of RTX AI PC.

June 2, 2025
Most Popular

FTX co-founder Gary Wang’s director revealed

November 20, 2024

BitMEX Announces Wallet Maintenance Affecting Withdrawals on November 1st

October 31, 2024

Evaluate whether Solana can reach $ 200 before the end of May

May 29, 2024
  • 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.