Luna Classic Coin Market Cap and Price Target Insights

Luna Classic has a market capitalization of over $10 billion, a significant milestone for the cryptocurrency.

This valuation is a result of its strong community support and adoption.

As of now, the price target for Luna Classic is around $100, a substantial increase from its current price.

Investors are closely watching the market for any signs of Luna Classic's potential to reach this target.

Here's an interesting read: Luna Coin Market Cap

Luna Classic, also known as LUNC, has a fully diluted market cap that exceeds $1.4 billion.

The token's price has surged 216% in the past month, making it a notable player in the crypto market.

As of January 13, Terra has a market capitalization of $538.4 million and is ranked #134 among all cryptocurrencies.

However, if we take into account the total supply of Terra, the market capitalization would be $643.2 million.

Terra's market capitalization is a significant figure, but it's essential to note that the token remains highly volatile.

The circulating supply of Terra is 6 trillion coins.

Here's a comparison of Terra's market capitalization with other cryptocurrencies:

Note that this ranking may change over time as market conditions fluctuate.

Terra's market capitalization is a fraction of the market capitalization of other prominent cryptocurrencies, such as Bitcoin and Ethereum.

The market for Luna Classic (LUNC) has been bearish, with the token trading at $0.0001319, down 0.16% in 24 hours. This decline is part of a larger trend, with LUNC dropping 20.73% in the last seven days.

The trading volume has also decreased, dropping 15.64% to $54.4 million in the last 24 hours. This suggests that investors are reducing their interest in the token.

However, analysts predict that LUNC will see a big rally similar to XRP's recent one, with some estimating a $0.0005 target for the token. The ecosystem's improved openness in government and community-driven projects has also renewed optimism for LUNC's future.

The Terra Luna Classic community's proactive efforts have strengthened optimism for a price surge, with some predictions hinting at a potential 480% rally for the crypto.

LUNC price today was down more than 1.5% to $0.0001088, but a recent LUNC price analysis suggests it might send its price to $0.000593.

The upcoming Binance burn is poised to remove a significant chunk of tokens from circulation, which might boost the asset's value higher in the coming days.

Terra Classic Futures Open Interest decreased by 11% to $9.33 million, indicating investors are taking a pause ahead of the highly anticipated Binance burn.

A weekly gain of 10% shows that LUNC price is still on the rise, despite the current dip.

You might enjoy: Bitcoin Classic

The price stats for Terra Luna Classic (LUNC) are quite interesting.

LUNC's market capitalization is currently $538.4 million, ranking it #134. The token's circulating supply is 5,505,331,184,401, while the total supply is 6.6 trillion.

Here's a breakdown of LUNC's price stats:

The token's 24-hour trading volume has seen a significant increase, rising by 113.43% to $18.4 million. This suggests that investor interest in LUNC is picking up.

In the world of cryptocurrency, prices can fluctuate wildly. The lowest price recorded in our base is $0.0000554 on Oct 2023, 1 year ago.

Terra's lowest price is a notable example. It's essential to keep in mind that historical data can provide valuable insights for investors.

Looking at the table, we can see that Terra's lowest price is $0.0172, as recorded in the article section facts.

Here are the lowest prices for some other cryptocurrencies:

Note that these prices are subject to change and may not reflect the current market value.

Terra Classic has a significantly higher circulating supply compared to other cryptocurrencies, resulting from the inflationary impact of the crash. This is a result of the failed stablecoin mechanism.

The community plays a more significant role in making governance decisions for Terra Classic post-crash. This shift in power dynamics has led to a more decentralized decision-making process.

Originally, LUNC was part of a dual-token model with TerraUSD (UST), which was an algorithmic stablecoin. This mechanism had failed, leading to the rebranding and relaunch of the Terra ecosystem.

The community has proposed and implemented burning mechanisms to reduce the overall supply of LUNC. This is an effort to manage the token supply and potentially increase the value of LUNC.

Terra Classic has a smaller but dedicated group of developers and supporters who aim to revive and stabilize the ecosystem post-crash.