Terra Luna Classic surpassed $1B Market Cap With Upgrades Pending
With Terra Luna classic reaching its highest point since Spring 2022, attention is back on the token.
The market cap of Luna Classic (LUNC) has once again surpassed $1 billion as the chain slowly upgrades and recovers.
Luna Classic (LUNC) Market Cap Bursts Back Over $1 Billion
The market cap of Luna Classic (LUNC) has once again surpassed $1 billion as the chain slowly upgrades and recovers. Trading volume on January 14 peaked at over $400 million, an increase of around 200% from around $180M the day before.
Riding the recent market pump centered around Bitcoin pushing through $21k for the first time since November 2022, Luna Classic token is up 23% in the last two weeks, according to CoinGecko. The latest pump pushed the market cap of $LUNC past $1 billion for the first time since May 2022.
LUNC has slowly been recovering since its epic collapse in Spring of 2022. The chain currently has a proposal pending to upgrade its software to v1.0.5, which has notably been given support from Binance.
The LUNC community recently burned over 12 Million tokens, which helped move the token up around 6% on January 9.
Attention is officially back on LUNC. From Binance following and supporting the ongoing upgrades to a massive increase in trading volume, Luna Classic has the attention of the crypto community once again based on pure numbers.
At press time, LUNC is trading at $0.0001769, up1.74% in the last 24 hours.