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Surprising Rise: LUNC

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LUNC shares have risen about 25% in the past week despite market volatility. Details that Coinbase may list LUNC also contributed to the price increase.

The price of Terra Classic has increased by more than 10% in the last 24 hours. Unlike other altcoins, LUNC’s price has risen around 25% in the past week despite market volatility. But the LUNC party is far from over, and it looks like it will gain more momentum in the coming days.

The price of Terra Classic has been rising steadily since it hit a low of $0.0001269 on August 24th. As fear, uncertainty and doubt fade, the Terra Classic community has returned to an optimistic mood.

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Many Developments

Meanwhile, Edward Kim and Tobias “Zaradar” Anderson, two of the developers at Terra Classic, have created a new development company called “Joint L1 Task Force”. Additionally, Edward Kim announced the team’s first plan to build a Layer-1 Terra Classic blockchain.

According to the daily time, the price of Terra Classic has been in a downward channel since October, and broke above the channel on December 24. The recent large fire of Validators and Terra Classic work has contributed to the increase in fire Terra Classic. again and again. Over 36.5 billion LUNCs have been burned so far.

More than 80 million LUNC tokens were burned by the community in December (not including Binance). Details that Coinbase may list Terra Classic also contributed to the price increase. In the past day, business activity has increased by more than 120%. In addition, the community made several important choices, such as adopting Proposition 11111 to repeal Proposition 10983, which previously affected LUNC prices.

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