LUNC Price Explodes by 15% As Bitcoin Reaches New High of $38,000
By:C, FionaThe recent testing of the $38,000 price mark by Bitcoin has strengthened the bullish onslaught in the price of Terra Classic (LUNC).
With Bitcoin (BTC) just retesting the $38,000 price barrier, the industry’s largest asset by market capitalization, Terra Classic (LUNC) is demonstrating its strong association with BTC with a parabolic leap today.
The market capitalization of LUNC is $677,265,762 as of this writing, with a price increase of 15.29% to $0.0001179. As of right now, LUNC’s price prediction shows that it has ranged from a low of $0.00009217 to a high of $0.0001207.
Trade on BTCC with 10 FREE USDT.
Sign up today to redeem your bonus.
LUNC Price Remains Stable
Unprecedented growth has recently befallen LUNC, which has been experiencing a parabolic ascent since last weekend. The recent emotion that swept its algorithmic sister stablecoin, TerraClassicUSD (USTC), and other market factors have contributed to LUNC’s recent surge.
A strategic investment of around $500,000 was announced by Terra Classic Labs into USTC, as previously reported by Coingape. Terra Classic Labs increased its Treasury Reserve by about 25.6 million USTC units as a result of this move. The news of the capital injection caused USTC’s price to surge by over 3000%. As one might expect, Terra Classic was also a rally participant at the time.
The stablecoin’s growth has slowed, and it is currently trading at a steep discount of 10.38% to $0.0437. However, LUNC has discovered ways to maintain its upward trend. The recent listing on USTC was seen by LUNC investors as a positive sign for the plan, which helped to stabilize the price of LUNC.
A combination of a generally positive market environment and the Fear of Missing Out (FOMO) displayed by certain LUNC buyers drove the price near zero as momentum surged.
| Download App for Android | Download App for iOS |
Bitcoin Sentiment Strengthens Current Ascent
Good news for LUNC as well: Bitcoin has recovered and is back above the $38,000 mark. Traders that keep a close eye on the market can find predictions, such as one from Wolfe Research, that suggest the recent correction of the coin face would serve as a bullish foundation to potentially revisit the $40,000 price level in the near future.
It is worth mentioning that the price of Bitcoin has not been this high since May 2022. If the coin manages to break beyond that multi-month threshold, it might have significant market implications, particularly for LUNC and other tokens.
The stage is set for LUNC and other altcoins to gain significant momentum, thanks to key market leaders setting an aggressive price objective for Bitcoin in light of a possible spot ETF approval and Bitcoin halving.
Where to Trade LUNCUSDT Futures?
Now you can trade LUNC futures on BTCC. BTCC, a cryptocurrency exchange was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone. BTCC is a crypto exchange offering users liquid and low-fee futures trading of both cryptocurrencies and tokenized traditional financial instruments like stocks and commodities.
BTCC offers exclusive bonus for new users. Sign up and deposit on BTCC to get up to10,055 USDT in bonuses. Meet the deposit targets within 30 days after successful registration at BTCC, and you can enjoy the bonus of the corresponding target levels. Find out what campaigns are available now: https://www.btcc.com/en-US/promotions
iOS QR Code Android QR Code
How to Trade LUNCUSDT Futures on BTCC ?
To trade Crypto Futures on BTCC, follow these simple steps:
- Create an account
Go to the BTCC website and fill out the registration form with the necessary details. Finish the checks to make sure you’re in line with the stock exchange’s rules.
- Deposit funds
Fund your BTCC wallet once your account has been created and verified. You can fund your BTCC account with a number of different cryptocurrencies and fiat currencies.
- Navigate to the crypto trading section
You can begin trading on the BTCC platform as soon as your account has been funded. Find the crypto exchange rate, which is written as crypto/Bitcoin (BTC) or crypto/US Dollar (USDT) depending on the other pairs available.s.
- Choose your trading type
Both spot trading and futures trading are available through BTCC. If you want to purchase or sell crypto tokens at the current market price, you may want to investigate spot trading. If you’d rather trade crypto with leverage and speculate on its price movements, you can do so with crypto Futures.
- Place your trade
After deciding which type of deal you want to make, you can enter the amount of crypto you like to buy or sell, as well as your preferred price (if necessary). If everything checks out, go ahead and make the deal.
- Monitor and manage your trades
Be sure to monitor your crypto holdings on the BTCC exchange. To limit losses and protect gains, you can use stop-loss and take-profit orders. It is also important to keep up with the latest crypto market trends and news if you want to successfully trade this cryptocurrency.
Before becoming involved in any kind of trading, make sure you’ve done your homework. Due to the extreme volatility of the cryptocurrency markets, it is crucial to have a well-defined trading strategy and risk management framework in place. To successfully trade crypto on the BTCC market and take advantage of the chances it provides, follow these procedures and keep yourself updated.
| Download App for Android | Download App for iOS |
BTCC Bonus
BTCC bonuses apply to different categories of users. Every new user gets a 10 USDT coupon after completing their registration. You will also get an additional 20 USDT coupon on completing your KYC verification.
- Bonus On First Deposit And Trade
You will get a bonus worth 10 USDT when you deposit 200 USDT and above within 7 days of opening an account. The reward includes a 5 trading fund and a 5 USDT coupon.
If the deposit is 500 USDT and above, you will get a 20-trading fund. Furthermore, if you make a cumulative deposit of 2000 USDT within 30 days of opening an account, you will get a 30 USDT trading fund. Trading within 7 days of signing up will also earn you a 20 USDT coupon.
- BTCC Futures Trading Bonus
You can earn bonuses from trading futures on BTCC within a stipulated time.
- A cumulative future trade of 200,000 USDT and above will earn you a 10 USDT trading fund and a 200 USDT coupon.
- A cumulative future trade of 500,000 USDT and above will earn you a 20 USDT trading fund and a 300 USDT coupon.
- A cumulative future trade of 1 million and above will earn you a 50 USDT trading fund and a 500 USDT coupon.
- A cumulative future trade of 5 million USDT and above will earn you a 125 USDT trading fund and a 1000 USDT coupon.
- A cumulative future trade of 10 million USDT and above will earn you a 250 USDT trading fund and a 2000 USDT coupon.
- A cumulative future trade of 20 million USDT and above will earn you a 500 USDT trading fund and a 5000 USDT coupon.
- Other Bonus
Invite a friend to BTCC to get a 25% rebate on their trading fees. You can get up to 530 USDT in rewards per referral.
BTCC FAQs
Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Follow us
Scan to download
- Terms & Agreement
Quick Links
Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
The world’s longest-running cryptocurrency exchange since 2011 © 2011-2024 BTCC.com. All rights reserved