Terra LUNA Classic continues astonishing come back with 2,400% gains over last 7 days

The price of LUNC classic (LUNC) is to move higher during the rollout of new features, including a token burn mechanism on swaps.

Terra LUNA Classic continues astonishing come back with 2,400% gains over last 7 days

Terra LUNA Classic (LUNC) keeps moving higher amid plans to recover the chain and tempt investors back. Since August 26, LUNC spiked as high as $0.00031131, likening to over 2,400% increases.

Notwithstanding, bull weariness has now set in, with LUNC giving up all today's gains and reverting below the previous day's close.

Regardless, since LUNC's record-breaking low of $0.000000999967, on May 13, the beforehand "dead" token is up a surprising 27,000%.

The Terra ecosystem collapsed in May following the UST de-peg. The stablecoin dropped as low as $0.006 during the panic. Despite endeavors to restore its peg price, UST remains significantly below $1, RightNow trading at $0.03458.

The live Terra Classic price today is $0.000228 24-hour trading volume of $1,597,215,249. Terra Classic is down 32.89% in the last 24 hours. The current CoinMarketCap ranking is #208, with a live market cap of $1,499,073,148 USD. It has a circulating supply of 6,585,629,412,153 LUNC coins.

With billions lost and controllers circumnavigating, the development and governance were given over to the community and rebranded as LUNA Classic. Be that as it may, given the controversies, many investors stay attentive, particularly those recently stung by the scandal.

Notwithstanding that, the rollout of new features appears to be winning over investors, as confirmed by the LUNA Classic's remarkable ascent since mid-August. Crypto Analysts Miles Deutscher brought up that LUNA Classic demonstrates that huge returns are conceivable during a bear market.

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