LUNC Price News: With the Terra Classic community speculating that Coinbase is going to buy a huge amount of LUNC, the token price is rising on Thursday. The cryptocurrency gained significant momentum thanks to Coinbase LUNC buying news. The positive momentum is now quite strong among traders, so much so that the LUNC price surged much higher than the rest of the crypto market. This comes amid market challenges, such as more companies facing liquidity issues due to the bankruptcy of FTX and the macroeconomic situation.
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In this context, Bitcoin price has continued to hover around the $16,500 level since November 2022. Given the current scenario and the holiday season next week, BTC’s sideways movement could continue into the future. Meanwhile, Terra Classic (LUNC) price is attempting to reach the 7-day high of USD 0.00016. At the time of writing, the LUNC price stands at $0.0001352, up 4.94% in the past 24 hours, according to price tracking platform CoinMarketCap.
LUNC price has bottomed yet?
In this context, the crypto community is wondering if LUNC has hit rock bottom yet. Many LUNC holders believe the token has found its bottom at $0.00012. Crypto analysts believe the token is experiencing a good recovery at current levels. Meanwhile, Binance said it has completed the second round of Terra (LUNA) airdrop distribution to eligible users with Terra Classic (LUNC).
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Meanwhile, the price of Terra (LUNA) is still following a mostly sideways movement. At the time of writing, the price of LUNA is trading at $1.26, up 0.42% in the last 24 hours.
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