This week has been exceptionally optimistic for many of the major assets in the cryptocurrency market and those with a more precarious position. Terra Classic (LUNC) too managed to increase its market value by almost 16% on the weekly chart and approached Z0% gains in just one month.
Thus, the renamed native asset of the collapsed Terra ecosystem (LUNA) has recovered significantly, given that the total blocked value (TVL) on its network fell to its lowest level since launch in early August.
Other positive developments supporting the growth include the recent announcement by one of the largest cryptocurrency exchanges Binance to adjust the leverage, margin level and limited funding rate for several open-ended cryptocurrency contracts, including the open-ended 1000LUNCUSDT contract.
Ha the current price of LUNC is $0.00008650, reflecting a 32.6% increase over the past 24 hours, totaling a 36.7% gain. Monthly growth reached 53.9%.
In addition, overnight technical analysis indicators on financial and crypto analytics platform TradingView are optimistic about LUNC, suggesting a “buy” at 14, which is summarized from oscillators indicating a “buy” at 2 and moving averages (MA) in a “strong buy” zone at 12.