Terra USTC Price Rise 160% Will it Recover and Rise Further?
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Answer Terra USTC Price Rise 160% Will it Recover and Rise Further?
The collapsed cryptocurrencies TerraClassicUSD (USTC) and Terra Classic (LUNC), which previously caused the cryptocurrency market crash, have posted a massive price hike over the past few days.
Meanwhile, the price of the digital currency LUNA 2.0 has also jumped by about 30% in the past seven days.
LUNC PRICE Rise by 40%:
The crypto community has abandoned Project Terra due to increased volatility.
However, LUNC and USTC posted price increases of 107% and 320% respectively in the last 60 hours.
This leap may lead to increased interest in these cryptocurrencies soon.
The Metaverse project accepts the digital currency LUNC:
StarShip, a newly launched Metaverse project, has announced the acceptance of the LUNC digital currency in its ecosystem.
Meaning LUNC will be accepted as one of the payment methods.
The company will burn 1.2% of the Terra Classic coins received as payments.
This move will definitely help reduce the digital currency supply.
Currently, it has become difficult for investors to decide whether to invest in the LUNA cryptocurrency or not.
The current trend suggests that prices may jump more but the recent crash reminds them and prevents them from taking risks.
This latest trend has helped the newly launched LUNA 2.0 from Terra to post a price hike.
Read:Learn about the release date and time of the “EIP-1559” upgrade that aims to reduce the supply of Ethereum
LUNA’s price has jumped 15% in the past 24 hours, trading at an average price of $2.57.
But it’s still 86% below the all-time high of $19.4.
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Bitcoin Volatility Continues… Could Bitcoin Price Lose $20K Level?
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