Terra Classic (LUNC) is showing renewed activity, with its price climbing 0.79% in the past 24 hours. Currently, LUNC trades at $0.00006540, with market sentiment shifting as volume surges 30.93%, reaching $13.42 million.
LUNC’s Recent Price Trends
In the last 24 hours, LUNC has fluctuated between $0.00006442 and $0.00006578. While the price remains low compared to its all-time high of $119.18 in April 2022, the token has still surged 290.29% from its all-time low of $0.00001675 in May 2022.
24-hour price chart. Source: CoinMarketCap
Market cap sits at $356.11 million, reflecting stable investor interest. LUNC’s fully diluted valuation (FDV) stands at $425.17 million, indicating the total potential value if all tokens were in circulation.
Related article: 24 Hours Price Analysis: LUNC Price Faces a Crossroad – Can Bulls Maintain Control?
The sharp increase in trading volume suggests rising interest among traders. The 3.76% volume-to-market cap ratio indicates relatively strong liquidity. While LUNC remains highly speculative, short-term traders are capitalizing on small price movements.
Can LUNC Hold Its Gains?
Despite the uptick, LUNC remains highly volatile. The supply remains vast, with 6.5 trillion LUNC tokens, and no fixed maximum supply. However, community efforts to burn tokens and reduce supply continue, which could positively impact price action over time.
Related article: Terra Classic Crumbles: Will LUNC Find Its Way Back Up? a Breakout Coming?
LUNC’s 24-hour performance shows renewed interest, but whether it can sustain momentum remains uncertain.
Short-term traders might find opportunities in these fluctuations, while long-term investors should remain cautious given the token’s history. As always, volatility should be expected, making risk management crucial.
