Title: Prices of LUNC and USTC Rise as Community Interest Drops

Jun 29, 2022 04:00AM ET

By: AnalysisWatch

Although interest in Terra Classic (LUNC) and Terra Classic USD (USTC) has fallen to almost zero over the past two to four months, recent price movements in the two coins suggest that interest in them may soon pick up.

Interest in LUNC and USTC continues to decline.

A look at Santiment's data shows that the number of LUNC supporters continues to decline despite the increase in LUNC and USTC prices toward the end of this month.

The number of LUNC holders is on the rise.

During the same period that LUNC and USTC prices began to rise, the number of LUNC holders also increased somewhat, according to crypto market tracker CoinMarketCap. From June 26 to June 29, the number of LUNC holders increased from 10,306 to 10,349, representing an increase in LUNC holders of about 0.41%.

Although the number of LUNC holders has decreased in recent months, LUNC and USTC prices have increased in the last 24 hours.

At the time of writing, LUNC's share price has risen just over 48% in the last 24 hours. LUNC's price rose from its opening price of $0.00010818 today to $0.00015724. LUNC has also moved to the top of CoinMarketCap's trending list after posting significant gains over the past 24 hours and week (up 120.85%).

USTC is also in 3rd place on CoinMarketCap's trend list after rising 67% in the last 24 hours and 794.44% in the last seven days. This has also pushed its 30-day performance into positive territory as its price is now up 134.58% in the last month.