In the last few days, the crypto market, led by Bitcoin (BTC), has been showcasing signs of price recovery. As the needed market change surfaces, the embattled cryptocurrency, Terra (LUNA) is not lagging behind.
Both Terra (LUNA), the native token of the new chain, and Terra Classic (LUNC), are currently attracting investors’ interest tremendously.
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According to the data provided by CoinMarketCap, Terra (LUNA) is the most searched digital token on the platform as of the 18th of July 2022, while Terra Classic (LUNC) is ranked third most searched token.
On the most trending tokens chart, Polygon (MATIC) occupies the second position as it keeps expanding its Web3 infrastructure through a new project with Walt Disney.
Investors Keep Believing In the Future Prospect of LUNA and LUNC
Considering the latest development, investors seem to still have faith in LUNA and LUNC despite the historic collapse of the ecosystem that surfaced in May. Back then, the algorithmic stablecoin TerraUSD (UST) got depegged and still struggling to recover, while Terra Classic (LUNC) crashed to fractions of a Cent.
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Although both assets are down in the last week, they are starting to showcase an upside potential as the sentiment in the crypto market begins to shift.
Possibly, this suggests that crypto traders are observing them as an opportunity to cash in amid the current change in the market mood.
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