In the past 24 hours, Terra Classic (LUNC) has sparked investor interest with a modest 2.70% gain, currently trading at $0.00006183. While this price may seem insignificant at first glance, it reflects a positive trend in a market that’s otherwise cautious.

LUNC’s market cap now stands at $337.03 million, up 2.72% over the same 24-hour window. However, trading volume tells a different story, dropping by a sharp 25.40% to $9.16 million. This divergence hints at reduced trading activity despite the upward price movement, potentially signaling short-term consolidation or strategic accumulation.

Interestingly, the volume-to-market-cap ratio is 2.8%, suggesting there’s still enough liquidity to support price movement, albeit with some caution.

Source: CoinMarketCap

Supply Figures and Investor Sentiment

The circulating supply of LUNC is reported at 5.45 trillion, out of a total supply of 6.49 trillion—highlighting its massive token count. Notably, the maximum supply is uncapped, a fact that continues to raise questions about long-term inflation risks.

Related article: Terra Classic (LUNC) Holds Above EMAs as Momentum Builds: 24-Hour Price Analysis

Despite this, sentiment leans overwhelmingly bullish. Based on over 167,000 community votes, 87% remain optimistic while only 13% express bearish concerns. This strong sentiment might be driven by ongoing governance developments, including a new proposal for a LUNC/USDC ($1.00) liquidity pool for DEXs, which recently passed a community vote.

Chart Shows Mild Recovery

LUNC’s chart reveals a subtle but steady rise throughout the day. It began with some dips below the $0.00006034 mark but steadily climbed toward the current high of $0.00006352. The low for the day hit $0.00005988, showing a relatively tight trading range and reduced volatility.

Related article: Terra Classic (LUNC) Slips Below Key EMAs: Can Bulls Reclaim Control?

Once valued at $119.18 in April 2022, LUNC has plummeted nearly 100%, now sitting a mere fraction of its former price. Yet, it has risen 270.11% from its all-time low of $0.00001675 recorded in May 2022. Clearly, some investors see long-term potential despite its troubled past.

As always, while today’s gains are encouraging, Terra Classic’s future remains tightly bound to broader crypto market movements, governance decisions, and community trust.

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