Wednesday, June 19, 2024
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Old Terra Tokens Surging: Meteoric Rise in Price of LUNC and USTC to Boost Investors’ Interest –Santiment

According to the popular crypto analytics platform Santiment, the relatively abandoned tokens of Terra blockchain, Terra Classic (LUNC), and the algorithmic stablecoin TerraClassicUSD (USTC), may soon start to gain investors’ interest following the recent outstanding performance displayed by the duo.

It can be recalled that the two digital tokens became less important to Do Kwon and Terra team following the airdrop of the new token, LUNA 2.0, which was purportedly created to save investors after the crash of LUNC and USTC.

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Despite the discouragement that came from Kwon, who believes that plans to burn LUNC may end up being a wasted effort, some investors believe that the abandoned token could still be revived.

Proposals to burn tons of LUNC tokens were launched. The response of the Terra community members to the proposals indicates that lots of Terra investors are not pleased with the new chain launched by the team.

Read Also: LUNA 2.0 Gains 70% from All-Time Low in Nine Days, UST Up 400%, LUNC Gains $208M. Can This Trend Be Maintained?

LUNC and USTC Performance to Boost Investors’ Interest

In a recent tweet, the analytics firm Santiment referenced the recent price rise printed by Terra Classic (LUNC) and TerraClassicUSD (USTC).

According to Santiment, the over 107% and over 320% increase in the prices of LUNC and USTC, respectively, within the last 55 hours could serve as a major catalyst to bring investors back to the embattled ecosystem.

Santiment tweet tweeted, “TerraClassic and TerraClassicUSD have been all but abandoned by the crypto community over the past 2-4 months. However, LUNC‘s +107% and $USTC‘s +320% respective rises in the past 55 hours are something that may merit increased attention soon.”


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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