LUNC and USTC Spike up 43.7% and 178.8% Amidst Bear Market
2022.06.30 01:50
LUNC and USTC Spike up 43.7% and 178.8% Amidst Bear Market
- TerraClassic tokens, LUNC and USTC, see a 43.7% and 178% surge in their prices respectively.
- The new agreement between LUNC and StarShip Universe will include LUNC as a payment method in the metaverse.
- Hacktivist group, Anonymous, promised to ‘make Terra founder Do Kwon pay for his actions’.
The values of the recently rebirthed TerraClassic tokens, known as LUNC and USTC, have skyrocketed in recent days. According to data supplied by the market aggregator, CoinMarketCap, the price of LUNC is $0.0001306 at the time of writing, which represents a gain of 43.7 percent in the previous 24 hours. The price of USTC is $0.07671, which represents an increase of 178.8 percent in the previous 24 hours.
Analysts and crypto professionals anticipated that LUNC and USTC would fail before their launches. Kwon’s hopes for a rapid recovery vanished once he was blasted with multiple crime allegations. The token lost more than half its value, and the new version of Terra couldn’t recompense individuals who lost billions.
After its initial collapse, it was believed that LUNC would crash down to the value of zero. Despite this widespread belief, the token looks to be gaining the confidence of its users. After the de-pegging of Terra’s algorithmic stablecoin from the dollar, the original chain has continued to gain support from various crypto groups. Many crypto exchange platforms still accept TerraClassic (LUNC).
Furthermore, The new partnership between LUNC and the metaverse, StarShip Universe, will result in the integration of LUNC into the StarShip ecosystem as a means of payment inside the StarShip Universe. As a result of this integration, 1.2% of every LUNC that is obtained via these payments will be burned.
It’s unclear whether the new surge will be a whim or ultimately lead to brighter days for holders.
In other news, the Hacktivist group, Anonymous, has committed to pursuing justice for previous LUNA holders that were affected by Do Kwon’s misconduct but cautioned investors may not be compensated.
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