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Is this the big moment the Terra LUNA cops have been waiting for? The cryptocurrency Terra Classic (LUNC, formerly Terra LUNA), which was recently shaken by the total crash is currently exploding, the course is completely going through the roof! Should you buy Terra Classic now?
Terra Classic pumps, rises 67% in one day
For months, Terra Classic (LUNC) was in a downtrend – now the coin is pumping tremendously! The Terra Classic bulls pushed the asset from yesterday’s low at $ 0.000155 to higher and higher highs: first to $ 0.000256, then to $ 0.0002436 – and finally to up to $ 0.0002597 – an increase of more than 67% in one day (Data from Coinmarketcap.com )!
The trading volume is also going through the roof, is +239% above yesterday’s value. Even the significant billion-dollar limit has been cracked: In total, the Terra Classic network has achieved a turnover of 1.1 billion dollars within the last 24 hours. The market capitalization has thus grown to 1,678,682,508 dollars, which brings Terra Classic (LUNC) to 208th place in the crypto ranking.
Technical analyst CryptoDude comments with surprise:
“Why are coins with Luna in the name still a thing?
And why does it look [Terra Classic] much better than the rest of the market?“
$LUNC Why is any coin with Luna in it’s name still a thing
And why is it looking substantially better than rest of the market?
You guys are weird. Not touching this schtick but funny to watch. pic.twitter.com/jz90eZGuNI
– wont dm you (@cryptodude999) August 31, 2022
Crypto influencer Miles Deutscher, on the other hand bullish on the LUNC rally to his nearly 170,000 Twitter followers:
“$LUNC introduces a 1.2% combustion mechanism for swaps. 🔥
Could this be the catalyst for a LUNA revival?“
$LUNC is introducing a 1.2% burn mechanism to swaps. 🔥
Could this be the catalyst for a LUNA revival?
– Miles Deutscher (@milesdeutscher) August 31, 2022
The analyst thus expresses what many investors of the cryptocurrency Terra LUNA hope: Will the coin be able to recover from its total crash of recent times? Rise Terra Classic (LUNC) up like Phoenix from the ashes?
Already last week, an update made Terra investors attentive: Since announced the crypto exchange Binance, to implement the latest Terra Classic update. This, among other things, brings staking to the Terra-Classic blockchain – much to the enthusiasm of investors. The LUNC price increased by almost 40% in the wake of the announcement.
What’s next for Terra Classic? For many investors, the last 99.9% crash is probably still in the bone – confidence is lost. Whether Terra Classic can really recover from this in the long term remains to be seen.
Tip: Tamadoge (TAMA) – upcoming meme coin in the presale
It’s also been going up for weeks for the new, rising meme coin Tamadoge (TAMA) – the self-proclaimed “play-to-earn dogecoin”. Tamadoge is inspired by Dogecoin, but wants to be much more than “just” a joke currency. In fact, Tamadoge also relies on a game with which you can earn money – and its own metaverse called Tamaverse.
For example, TAMA owners should be able to mint pets as NFT in the style of the 90s bestseller Tamagotchi. You have to take care of them, feed them and train them – and finally let them compete against other players. How to rise in the ranking and you will receive a reward in the form of a cryptocurrency at the end of the month. Currently there is Tamadoge in the presale, i.e. in advance sale.
Don’t Forget About The #TAMADOGE Presale! ⏰
– TAMADOGE (@Tamadogecoin) August 31, 2022
This means: The asset is not yet available on crypto exchanges, but exclusively through the developers’ homepage. Immediately after the pre-sale, Tamadoge will then be listed on LBank, one of the top 20 crypto exchanges. Economic forecasts according to Tamadoge, the next cryptocurrency that will explode in 2022 is!
Last updated on September 1, 2022
Cryptocurrencies are a very volatile, unregulated investment product. Your capital is at risk.