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Is Terra Classic a fresh Meme Coin? Is LUNC Price PREPARED TO Moon?

Terra Classic is creating a powerful storm in the cryptocurrency market because the token has surged over 250% in September till now. The terra classic (LUNC) has gained an unbelievable increase of 463% during the last month.

The crypto community has continued to push LUNC because of its newly introduced staking service and burning-token feature. The hype around LUNC continues to climb, in fact it is ready for the moon any time in the future.

a few months ago we saw the prospect of $LUNC to go up just like a phoenix from the ashes

That is why we created $LUNC DAO, to inspire the city to regenerate the chain

Today the milestone of staking was reached

If we are able to accomplish that in a few months, imagine what we are able to achieve in 12 months

(@LUNCDAO) August 27, 2022

LUNC MAY BE THE New Meme Coin OF THE Era

LUNC may be the rebranded version of Terra Classic, and contains drawn the eye of crypto experts and analysts since its launch. LUNC has made its bullish dominance among other altcoin projects amid crypto winter. The recent dominance of LUNC reminds the upward rally of popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) this past year.

In accordance with Santiment Insights, the recent bullish trend of LUNC is comparable to last years meme coins journey. Santiment said, Previously, the meme king crown belonged to $DOGE, $SHIB, $SAFEMOON, among others. But today, there is absolutely no doubt that the name of the overall game is $LUNC.

The much-awaited 1.2% burn strategy is behind the bullish momentum of LUNC. Terras recent recommendations and developments because of its governance, upgrades, staking, burning, along with other impactful enhancements to its network caused LUNCs prices to boom. Terra Classic launched a sophisticated Governance Alert Bot that informs the users of most governance activities on the Terra network.

Is LUNC Price PREPARED TO Moon?

There exists a huge social hype and activity about LUNC, and the city is looking toward Terra. Transactions of LUNC have increased by 550% within the last 24 hours, with a trading level of $3.4 billion. LUNC price has skyrocketed by 71% in only each day.

In accordance with CoinMarketCap, Terra Classic (LUNC) happens to be trading near $0.0005. The city believes that Terra Classic will moon soon and reach the initial short-term goal of $0.01. The LUNC community has burnt over 3.5 billion tokens and staked 529 billion LUNC.

Following specific indicators on the purchase price graph, LUNC reaches threat of a dump. The technical indicators show that there could be a price correction later on. On 8 September, the relative strength index (RSI) crossed 90, an extremely overbought level. The longevity of LUNCs bullish momentum will come to a finish soon. However, some analysts think LUNCs price will continue steadily to rise further after its recent and upcoming developments.

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