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Crypto Expert Believes LUNC Is Showing Signs of Strength

Published 10/03/2022, 04:16 AM
Updated 10/03/2022, 04:30 AM
© Reuters. Crypto Expert Believes LUNC Is Showing Signs of Strength

  • LUNC is showing some signs of strength as yet another breakout has happened.
  • The price of Terra Classic could climb as high as $0.00045.
  • LUNC is currently trading at $0.0003208 after a 10.31% drop in price.

The CEO and founder of Eight Global, Michaël van de Poppe, took to Twitter (NYSE:TWTR) on October 2 to express his interest in Terra Classic’s (LUNC) behaviour, and his expectations for the crypto over the next few days.

According to van de Poppe, LUNC is showing some signs of strength as yet another breakout has happened for the crypto. He also added that investors could look at a long around $0.0003 for some “potential play”.

The CEO concluded his Tweet by stating that if LUNC is able to break above the $0.00036 level, it is possible for the price of the crypto to climb as high as $0.00045.

Terra Classic / Tether US 1D (Source: CoinMarketCap)

According to the market tracking website Coinmarketcap, LUNC is currently trading at $0.0003208 after a 10.31% drop in price, and after reaching a high of $0.0003521 over the same time period. This major drop in price earned the cryptocurrency a spot on the website’s trending list.

When looking at LUNC’s longer timeframes, things are still in the green. LUNC is up more than 70% over the last week and more than 34% over the last thirty days. The 24 hour trading volume for LUNC is also in the green by more than 15% to now stand at $912,188,574.

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Terra Classic is currently the 31st biggest crypto in terms of market capitalization with its market cap of $1,975,389,896. This places LUNC right behind Bitcoin Cash (BCH) and in front of Flow (FLOW) on the list of the biggest cryptocurrencies.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Crypto Expert Believes LUNC Is Showing Signs of Strength appeared first on Coin Edition.

See original on CoinEdition

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