The price of LUNC has rallied by 44% in the past 24 hours and this got users wondering why?
The rally comes after crypto exchange Binance announced that it would launch USTC futures contracts, offering 50x leverage.
The futures contract was scheduled to launch at 12:30 UTC today.
The rally comes after crypto exchange Binance announced that it would launch USTC futures contracts, offering 50x leverage.
The futures contract was scheduled to launch at 12:30 UTC today.
It's because of the hype surrounding the futures contract. Don't expect LUNC to be taken seriously, especially when investors lost all of their money with it. At this point, I'd say Terra Classic is a gamble. Just like "meme coins". LUNC's only hope is the community.
The community needs to burn the token's supply, and change the name of the project (rebrand) to help restore investors' confidence. Only then, we will see LUNC going all the way to the moon. Even Terra 2.0 has been struggling to become a widespread success. I'd suggest you consider other options that put development/innovation above all else. Who knows how long will this cryptocurrency last?
