LUNC Price: Will LUNC Price Hit New ATH in 2024 ?

It seems like there’s no stopping LUNC Price. $LUNC coin has been on the rise for past few weeks has already reclaimed $1 bn market cap.

By Ezra Icy

December 6, 2023

5 Reasons Why Terra Luna Classic (LUNC) Price Is Rising

For the past few weeks, LUNC (LUNA Classic), the native token of the Terra blockchain, has made an impressive recovery, with the coin inching closer towards its all-time high (ATH).

For instance, in the last 30 days or a month, LUNC has outperformed almost every cryptocurrency in the market as well as the broader crypto market. The coin’s price has increased by over 220% in the 30-day window. its now talk of the town will LUNC hit 1$ ?

With continued growth for the past few several weeks, crypto enthusiasts are expecting LUNC, which was founded by Daniel Shin and Do Kwon, to cross the all-time high of LUNC and create a new LUNC ATH. For the unversed, LUNC has seen many ups and downs in the last year and a half year or so. The coin, which was once trading at over $110 apiece in April 2022, fell sharply in May last year.

In a week or so, LUNC nosedived more than 99% as the cryptocurrency wasn’t able to maintain its value against the U.S. Dollar. The collapse led to a total loss of around $60 billion to investors and holders in just one week, creating havoc in the minds of the investors.

Also Read : LUNA vs LUNC: 5 Key Differences

While investors were sceptic about LUNC’s future growth so far, the current rally has come as a booster shot and would have increased the confidence of the backers of the cryptocurrency. With the rally seeming to be never-ending, many crypto enthusiasts are wondering whether LUNC will cross its all time high to set a new Lunc ATH? Here we explore:

What is LUNC ATH (All-Time High)?

LUNC’s all-time high was set way back in 2021. The cryptocurrency’s price went as high as $120. As a result, LUNC’s market cap reached nearly $45 billion, which is much higher than its current market cap.

Will LUNC Cross an All-Time High?

LUNC Price is currently trading at around $0.0002156. In comparison, the cryptocurrency’s all-time high is around $120. At present, LUNC is nowhere close to it’s all-time high, but the cryptocurrency is clearly regaining the lost ground.

To begin with, the cryptocurrency has gained more than 220% in the past 30 days. It is also currently trading at around its year-high price and is continuously on the rise. The continued optimism around the cryptocurrency has led its marketcap to cross the $1.5 billion mark and is now inching closer to $2 billion.

However, it is unlikely that the cryptocurrency will cross its all-time high any time soon. For LUNC to create a new all-time high, it will have to first breach the $1 mark again. While this may not happen in 2023, the next year could see some interesting developments that will impact LUNC’s price.

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Disclaimer

Ezra Icy, the creative wizard from Phoenix, Arizona, specializes in crafting magnetic content for Web3 brands. In the digital realm, he doesn't just connect users; he orchestrates a symphony of community and human bonds. Connect with Ezra in transforming pixels into unforgettable moments and turning the virtual landscape into a warm, welcoming oasis of connection only at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.