{"id":203858,"date":"2023-11-30T22:51:29","date_gmt":"2023-11-30T17:21:29","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=203858"},"modified":"2023-11-30T22:51:29","modified_gmt":"2023-11-30T17:21:29","slug":"lunc-surges-amidst-plans-to-re-stabilize-ustc-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/lunc-surges-amidst-plans-to-re-stabilize-ustc-crypto-news\/","title":{"rendered":"LUNC surges amidst plans to re-stabilize USTC &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/04\/image-80x80.jpeg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>Journalist<\/p>\n<\/div>\n<p>\n<span class=\"mvp-post-date updated\">Posted: November 30, 2023<br \/>\n<\/span><\/p>\n<\/div>\n<div>\n<br style=\"clear: both;float: none\" \/><\/p>\n<ul>\n<li><i><span style=\"font-weight: 400\">The prices of LUNA and USTC rose significantly over the last week.<\/span><\/i><\/li>\n<li style=\"font-weight: 400\"><i><span style=\"font-weight: 400\">The Terra blockchain community witnessed updates as well.\u00a0<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/lunc\" data-wpel-link=\"internal\">Luna Classic [LUNC]<\/a>, the native token of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/terra\" data-wpel-link=\"internal\">Terra Classic<\/a> blockchain, has recently experienced a remarkable price surge, pushing prices to their highest level since April 2023. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Exchanging hands at $0.0001226 at press time, the altcoin\u2019s value has increased by 64% in the last week, according to data from <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/terra-luna\/\" data-wpel-link=\"external\"><span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Its associated token <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/ust\" data-wpel-link=\"internal\">TerraClassicUSD [USTC]<\/a>, which also powers what is left of the Terra blockchain, has also seen a significant jump in value. <\/span><\/p>\n<p><span style=\"font-weight: 400\">In the last week, the price of the former stablecoin has risen by over 300%, making it the crypto asset with the most gains in the last seven days.\u00a0<\/span><\/p>\n<div id=\"attachment_357888\" style=\"width: 1506px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-30-at-07.16.25.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-357888\" class=\"size-full wp-image-357888\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"1496\" height=\"422\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-30-at-07.16.25.png 1496w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-30-at-07.16.25-300x85.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-30-at-07.16.25-1024x289.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-30-at-07.16.25-768x217.png 768w\" data-lazy-sizes=\"(max-width: 1496px) 100vw, 1496px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-30-at-07.16.25.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-357888\" class=\"size-full wp-image-357888\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-30-at-07.16.25.png\" alt=\"\" width=\"1496\" height=\"422\" \/><\/a><\/p>\n<p id=\"caption-attachment-357888\" class=\"wp-caption-text\">Source: CoinMarketCap<\/p>\n<\/div>\n<h4><b>What is dead may never die\u2026<\/b><\/h4>\n<p><span style=\"font-weight: 400\">Over the past week, the increased demand for these two assets can be attributed to recent initiatives undertaken by the Terra Classic community aimed at pushing their values beyond the $1 mark.<\/span><\/p>\n<p><span style=\"font-weight: 400\">One of these is a recently announced <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/commonwealth.im\/terra-classic\/discussion\/14138-safely-reenable-the-market-module-and-incrementally-repeg-ustc-to-1\" data-wpel-link=\"external\"><span style=\"font-weight: 400\">proposal<\/span><\/a><span style=\"font-weight: 400\"> that seeks to re-enable the market module to help USTC regain its parity to the dollar and drive up LUNC\u2019s value. The market module had been previously disabled following Luna\u2019s collapse in May 2022.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Also, Terra\u2019s ex-developer Daniel Hong recently unveiled a new stablecoin named Mint Cash, backed by leading coin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/btc\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400\">As part of the rollout plan for this new crypto asset, the team announced that they would conduct an airdrop for LUNC and UST holders.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Entire team is at work nonstop building the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$USTC<\/a> burndrop program we announced a couple of days ago<\/p>\n<p>Did not anticipate this much attention on our work<\/p>\n<p>\u2014 Mint Cash \ud83c\udfdb\ufe0f\u267b\ufe0f (@wemintcash) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/wemintcash\/status\/1729549841263390948?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">November 28, 2023<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">With many looking to benefit from the airdrop, there has been a notable increase in the trading activity around LUNC, pushing its values up.\u00a0<\/span><\/p>\n<h4><b>Everybody wants LUNC<\/b><\/h4>\n<p><span style=\"font-weight: 400\">AMBCrypto\u2019s assessment of LUNC\u2019s movements on a daily chart revealed a steady uptick in its key momentum indicators. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Trending upwards at press time, LUNC\u2019s Relative Strength Index (RSI) and Money Flow Index (MFI) were pegged at overbought highs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With respective values of 77.37 and 95.64, these indicators showed that LUNC accumulation significantly outpaced selling amongst daily traders.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\">Is your portfolio green? Check out the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/terra-luna-profit-calculator\" data-wpel-link=\"internal\">LUNC Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">Further, the coin\u2019s Directional Movement Index (DMI), which showed its positive directional index (green) resting above the negative directional index (red), confirmed the ongoing bullish trend.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">When an asset\u2019s DMI is set up in this manner, the uptrend is stronger than the downward trend, and the bulls have significant market control.<\/span><\/p>\n<div id=\"attachment_357889\" style=\"width: 2378px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/LUNCUSDT_2023-11-30_07-18-43.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-357889\" class=\"size-full wp-image-357889\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"2368\" height=\"1302\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/LUNCUSDT_2023-11-30_07-18-43.png 2368w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/LUNCUSDT_2023-11-30_07-18-43-300x165.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/LUNCUSDT_2023-11-30_07-18-43-1024x563.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/LUNCUSDT_2023-11-30_07-18-43-768x422.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/LUNCUSDT_2023-11-30_07-18-43-1536x845.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/LUNCUSDT_2023-11-30_07-18-43-2048x1126.png 2048w\" data-lazy-sizes=\"(max-width: 2368px) 100vw, 2368px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/LUNCUSDT_2023-11-30_07-18-43.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-357889\" class=\"size-full wp-image-357889\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/LUNCUSDT_2023-11-30_07-18-43.png\" alt=\"\" width=\"2368\" height=\"1302\" \/><\/a><\/p>\n<p id=\"caption-attachment-357889\" class=\"wp-caption-text\">Source: LUNC\/USD, TradingView<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: November 30, 2023 The prices of LUNA and USTC rose significantly over the last week. The Terra blockchain community witnessed updates as well.\u00a0 Luna Classic [LUNC], the native token of the Terra Classic blockchain, has recently experienced a remarkable price surge, pushing prices to their highest level since April 2023. Exchanging hands at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":203859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-203858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=203858"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203858\/revisions"}],"predecessor-version":[{"id":203861,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203858\/revisions\/203861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/203859"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}