Terra Classic

Terra

Terra Classic (<a href="https://crypto.news/price/terra-luna-classic/">LUNC</a>) is leveraging the ongoing market-wide momentum to register massive gains. 
The upward trajectory for LUNC began on Nov. 26, marked by a significant 28.50% intraday gain. Notably, this price uptick set Terra Classic apart, as Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) and the broader crypto market observed a marginal price drop on the same day. 
The intraday surge witnessed on Nov. 26 played a crucial role in initiating the ongoing uptrend. LUNC closed the day at $0.00010. As a result, the asset registered a rare intraday closure above the 21-day EMA, which stood at $0.00007635 at the time. 
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 <img loading="lazy" decoding="async" width="1024" height="347" src="https://crypto.news/app/uploads/2023/12/Terra-Classic-LUNC-13.37.12-04-Dec-2023-1024x347.png" alt="Terra Classic (LUNC) emerges as top gainer with massive 73% surge - 25" class="wp-image-14223017">
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 LUNC price and social volume – Dec. 4 | Source: <a href="https://app.santiment.net/charts/Da3H46br__sCl" target="_blank" rel="noopener">Santiment</a>
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This bullish close served as a pivotal indicator, signaling an imminent price surge for the asset. Terra Classic has exhibited a remarkable 169% increase since Nov. 26, achieving seven winning sessions out of eight. 
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<a href="https://crypto.news/luna-lunc-ustc-surge-as-social-activity-skyrockets-after-key-update/">Reports</a> from crypto.news attribute the initial surge to a combination of protocol fundamentals and heightened social activity. Notably, Terraform Labs injected $15 million in liquidity into the Terra ecosystem last month. This acted as a catalyst, fostering increased social activity and a surge in buying momentum. 
According to data provided by the market intelligence platform Santiment, Terra Classic’s social volume witnessed a 77% rally over the past 24 hours. Per Santiment, the majority of the activity came from X and Telegram. 
<h2 class="wp-block-heading" id="lunc-emerges-as-top-gainer">LUNC emerges as top gainer</h2> 
Despite already experiencing a unique price surge due to heightened buying pressure, Terra Classic’s momentum was further bolstered by the recent market-wide surge. On Dec. 3, it reached a yearly peak of $0.0002040, concluding the day with a 33% gain, despite encountering resistance. 
It is noteworthy that BTC also <a href="https://crypto.news/bitcoin-nears-40k-bullish-indicators-suggest-momentum/">achieved</a> a new yearly peak of $40,250 on the same day. The substantial price increase of the leading cryptocurrency sparked optimism among traders, leading to increased capital inflow into altcoins like Terra Classic.&nbsp; 
LUNC has extended this rally, registering a 36% increase today. This has triggered the 73% surge over the past 24 hours, solidifying LUNC’s position as the top gainer among the top 100 assets. Additionally, LUNC has experienced a substantial 266% rise in volume, reaching $1.18 billion.&nbsp; 
Notably, its sister token, Terra (<a href="https://crypto.news/price/terra/">LUNA</a>), has also capitalized on this rally, securing a 40.1% increase within the same timeframe and emerging as the second-biggest gainer. Terra Classic currently trades for $0.000269 while Terra changes hands at $1.15. 
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Terra Classic (LUNC) emerges as top gainer with massive 73% surge

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