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Terra Classic (LUNC): Can the LUNC Perpetual Contract Launch Trigger a Bullish Surge?

Terra Classic (LUNC): Can the LUNC Perpetual Contract Launch Trigger a Bullish Surge?

The Launch of LUNC USDT-Margined Perpetual Contract

LBank Exchange has announced the launch of a 1000LUNC USDT-Margined Perpetual Contract, which is set to take place on November 29. The trading pair 1000LUNCUSDT will have a leverage of 50x and a tick size of 0.00001USDT. LBank reserves the right to make adjustments to the contract specifications in response to market risk conditions.

Terra Classic LUNC Price Report

The price of LUNC has increased by 0.26% in the past 24 hours, trading at $0.0001156. Over the past seven days, the token has seen a surge of 55.45% and a whopping 73.99% increase over the past month. However, the 24-hour trading volume has decreased by 49.39%, and the market cap of the token has risen by 0.25% to $670.91 million.

Hot Take: Terra Luna Classic LUNC Gains Momentum with Futures Launch Announcement

The announcement of the launch of a futures margined perpetual contract for LUNC has garnered significant attention within the crypto community. With an upcoming burning activity by Binance and the anticipation surrounding the new contract, it is possible that LUNC’s market sentiment will be uplifted, potentially leading to a price rally.

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Terra Classic (LUNC): Can the LUNC Perpetual Contract Launch Trigger a Bullish Surge?