Terra Classic (LUNC) has been up 12.1% in the past 14 days, indicating a relatively good run for the token in October. At the time of writing, LUNC is changing hands at $0.00006767 despite trading around the price range of $0.00005 in the early days of October.
The above impressive LUNC market performance could be attributed to the general crypto market outlook over the past few weeks, painting most crypto assets green, including Terra Classic (LUNC).
Read Also: Terra Classic Influencer Explains Why $120 LUNC Price is Unlikely, States Requirements For $1 Price
November just got underway, and it won’t be out of place to delve into what LUNC’s price would be by the end of the month. Will LUNC continue to replicate its impressive market trend? Find out in this insight as we consult machine learning algorithms employed at PricePredictions, a top provider of market predictions and price forecasts for everything crypto.
Terra Classic (LUNC) Expected Price By The End Of November
Data from the machine learning algorithm while drafting this report revealed a little upward trajectory in LUNC’s price. According to the chart, LUNC is expected to break above the resistance level at $0.00007 and trade at $0.000073 by November 30.
The above increase implies that LUNC will likely spike by approximately 7.9%. It is left to see how events unfold.
LUNC Total Burn Hits Above 76 Billion
Per a previous report, Binance, one of the world’s leading exchanges, completed its 15th batch of the LUNC burn project, incinerating 760 million LUNC tokens in the process.
Notably, the 760 million burned tokens brought the total number of incinerated LUNC tokens by Binance to about 40 billion and still counting. Overall, the total number of burned LUNC coins in the Terra Classic ecosystem is approximately 76 billion, implying that Binance solely incinerated more than 50% of the total burned tokens.
Read Also: Zaradar Comments On 36% Surge In LUNC Price, Tags Terra Classic An Online Monopoly
Terra Classic (LUNC) in the Market
LUNC’s data on CounGecko revealed the digital asset trading volume to be $28,469,444, with a market capitalization of $393,054,369.
Despite the relatively impressive burn rate, LUNC still boasts a robust circulating supply of about 5,797,341,593,366 tokens. The digital asset is still struggling to join the 100 largest cryptos in the market, currently occupying 111th position. The development team must continue to put in more effort to keep the token afloat in order to rank higher among its peers.
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