Terra Classic (LUNC) Community Outperforms Terra (LUNA)
The Terra Classic community has made significant efforts to revive LUNC and USTC after Do Kwon abandoned them for the new Terra (LUNA) chain. This year, LUNC and USTC, backed by a dedicated community, have outperformed Terra (LUNA).
LUNC and USTC Prices Surge
LUNC prices have surged over 300% in the past two months, reaching a high of $0.000275. Similarly, USTC has skyrocketed over 500% in response to new perpetual contracts and listings on Binance.
Prices Remain Higher Despite Correction
Although LUNC and USTC have retraced some of their gains, they are still trading significantly higher than before. LUNC is up 150% and USTC is up 200% from their lows.
Terra (LUNA) Struggles to Recover
In contrast, Terra (LUNA) has not been able to maintain its earlier gains. Despite a strong crypto market recovery, LUNA price has dropped by 70%.
Upcoming Developments on Terra Classic
Terra Classic has seen better performance compared to Terra despite limited resources. The community is actively working on projects, governance upgrades, staking initiatives, and token burns to revive the chain.
The recent ruling by the US SEC regarding LUNA and MIR tokens being classified as securities may have further implications for the Terra (LUNA) community.
The Terra Classic community is focused on bringing utility back to the tokens through various upcoming projects and discussions with crypto exchanges like Binance for USTC repeg.
Hot Take: Terra Classic (LUNC) Shines Amidst Terra (LUNA) Struggles
The Terra Classic (LUNC) community has demonstrated its resilience and dedication by outperforming Terra (LUNA) this year. Despite challenges, LUNC and USTC prices have surged, while Terra (LUNA) has struggled to recover. With upcoming developments and initiatives, the Terra Classic community aims to revive the chain and bring back utility to its tokens. As the crypto market continues to evolve, it will be interesting to see how these two projects fare in the long run.
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