LUNC Surges 15% as Bitcoin Exceeds $38k

29/11/2023

Terra Classic (LUNC) surged 15.29% to $0.0001179, reaching a market cap of $677 million, linked to Bitcoin's rise above $38,000. The rally follows positive sentiment from a $500,000 investment by Terra Classic Labs in stablecoin TerraClassicUSD (USTC). While USTC retraced, LUNC maintained its uptrend, influenced by market conditions and FOMO. Bitcoin's rebound and potential retest of $40,000, not seen since May 2022, further support LUNC's momentum. The broader crypto market, with optimistic Bitcoin projections, sets the stage for potential gains in altcoins like LUNC.

Resource: https://coingape.com/lunc-price-jumps-15-as-bitcoin-breaks-above-38k-again/