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Terra Classic (LUNC) Reclaims Its Four-Month-Old Price Record As It Spikes Up To 18%

There has been a very impressive move in the Terra Classic as the LUNC token displayed a nice activity, breaking through some resistances, reclaiming its four-month-old price record.

According to the record, the LUNC reclaimed its price territory at $0.0002 for the first time since dropping from it last November ( four months ago) in the wake of the FTX blowout. The asset recaptured the price level today after staging a 15% price surge within an hour to a high of $0.0002082.

Terra Classic (LUNC)’s Four-Month-Old Price Record

As stated by the Crypto influencer Classy, highlighting the bull run shortly after the token regained the feat.

Classy noted; “LUNC just broke back into the 2’s for the first time in a while! LFG,” he remarked in a tweet today, sharing his excitement over the development.

Read Also: Coinbase Gains Victory Over The Allegation Against It For Selling Unregistered Security, Ripple Expects Coinbase To Relist XRP

LUNC Spikes 18%

It is worth noting that LUNC’s bullish momentum has not waned despite the ruggedness in the market, the token currently maintains a 17.51% increase in the past 24 hours at a time when Bitcoin (BTC) and Ethereum (ETH) are respectively down 1.40% and 1.5% within the same time frame. 

Notably, the Terra Classic token is set for a journey above the $0.0002 level, pointing to the $0.0002027. The currently has its eyes set on the pre-FTX levels above $0.0003 which could be recaptured if the bullish momentum is sustained.

Aside from the bull run displayed by the LUNC token, its stablecoin has been doing great over this period as it undergoes a solo run, standing currently at 63.87% in the past 24 hours. The asset’s price uptick also picked up this moment, as it surged by 67% within 7 hours before hitting a hurdle. 

Read Also: LUNC Burn Rate Spikes 2,107% As Over 5M LUNC Is Burned

It is worth noting that the asset is attempting to seal its position above the $0.04 level after recently conquering the $0.03 zone. It is worth noting that the development came following several promising developments within the Terra Classic community. The imminent launch of Terraport which would come with a dedicated LUNC decentralized exchange (DEX) is one of the most significant expectations among proponents. 

Gadiakian’s Payment To Cease

According to the recent development in the Terra Classic community, which suggested that Gadikian’s payment should be put to a stop and he should be paid for only January while February and March should withhold.

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