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Survey points to recent increase in LUNC prices; Is FOMO near?

Fast Take
  • Terra Classic (LUNC) and TerraClassicUSD (USTC) have delivered impressive results recently
  • The movement caused an increase in conversations in the crypto community
  • Terra Classic and TerraClassicUSD have experienced a rally among traders following recent price rallies
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Even in the face of today's lows, cryptocurrencies Terra Classic (LUNC) and TerraClassicUSD (USTC) showed impressive results recently, which caused an increase in conversations in the crypto community and could suggest possible FOMO in the sector soon.

Cryptocurrency analytics platform Santiment noted that Terra Classic and TerraClassicUSD have experienced a surge among traders after significant price increases recently.

“TerraUSD and TerraClassic are trending among traders following large price increases. $USTC in particular, originally designated to be a $1-pegged stablecoin, has reached $0,0758. After the 2021 meltdown, FOMO could return here in 2023,” he wrote.

 

The chart shared by Santiment on November 27 highlighted that USTC was in first place among the social trends of the main leaders, with an increase in its price of 198% in the 48 hours prior to the date mentioned above. LUNC came in second with an increase of 31% in the mentioned period.

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At the time of publication, LUNC price was quoted at US$0,00009706 down 18.7% in the last 24 hours. In impressive growth, the cryptocurrency has seen an increase in its price of 50.6% in the last 30 days.

At the time of publication, USTC price was trading at $0,03962886 down 45.1% in the last day. Cryptocurrency has rocketed to the moon over the past month. The USTC token has seen a 226.2% price increase over the last 30 days.

It is worth remembering that, in September, A new era has emerged for the USTC stablecoin. The community Terra Classic (LUNC) has just taken a bold step. When analyzing the recent trajectory of the Terra Classic USD (USTC), it is clear that the change was necessary.

USTC, an algorithmic stablecoin linked to the Terra Classic, played a crucial role in the recent crisis that shook the Earth ecosystem with an impact of US$45 billion. Originally, the Terra platform allowed users to freely exchange between UST and its sister coin, LUNA. However, a disturbance in the mechanism caused this parity to be altered.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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