Ezra Icy
For the past few weeks, LUNC (LUNA Classic), the native token of the Terra blockchain, has made an impressive recovery, with the coin inching closer towards its all-time high (ATH).
For instance, in the last 30 days or a month, LUNC has outperformed almost every cryptocurrency in the market as well as the broader crypto market. The coin’s price has increased by over 220% in the 30-day window. its now talk of the town ” will LUNC hit 1$ ? “
With continued growth for the past few several weeks, crypto enthusiasts are expecting LUNC, which was founded by Daniel Shin and Do Kwon, to cross the all-time high of LUNC and create a new LUNC ATH. For the unversed, LUNC has seen many ups and downs in the last year and a half year or so. The coin, which was once trading at over $110 apiece in April 2022, fell sharply in May last year.
In a week or so, LUNC nosedived more than 99% as the cryptocurrency wasn’t able to maintain its value against the U.S. Dollar. The collapse led to a total loss of around $60 billion to investors and holders in just one week, creating havoc in the minds of the investors.
Also Read : LUNA vs LUNC: 5 Key Differences
While investors were sceptic about LUNC’s future growth so far, the current rally has come as a booster shot and would have increased the confidence of the backers of the cryptocurrency. With the rally seeming to be never-ending, many crypto enthusiasts are wondering whether LUNC will cross its all time high to set a new Lunc ATH? Here we explore:
What is LUNC ATH (All-Time High)?
LUNC’s all-time high was set way back in 2021. The cryptocurrency’s price went as high as $120. As a result, LUNC’s market cap reached nearly $45 billion, which is much higher than its current market cap.
Will LUNC Cross an All-Time High?
LUNC Price is currently trading at around $0.0002156. In comparison, the cryptocurrency’s all-time high is around $120. At present, LUNC is nowhere close to it’s all-time high, but the cryptocurrency is clearly regaining the lost ground.
To begin with, the cryptocurrency has gained more than 220% in the past 30 days. It is also currently trading at around its year-high price and is continuously on the rise. The continued optimism around the cryptocurrency has led its marketcap to cross the $1.5 billion mark and is now inching closer to $2 billion.
However, it is unlikely that the cryptocurrency will cross its all-time high any time soon. For LUNC to create a new all-time high, it will have to first breach the $1 mark again. While this may not happen in 2023, the next year could see some interesting developments that will impact LUNC’s price.
