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LUNC Surges 15% as Bitcoin Exceeds $38k

< SmartBot Blog



Terra Classic (LUNC) surged 15.29% to $0.0001179, reaching a market cap of $677 million, linked to Bitcoin's rise above $38,000. The rally follows positive sentiment from a $500,000 investment by Terra Classic Labs in stablecoin TerraClassicUSD (USTC). While USTC retraced, LUNC maintained its uptrend, influenced by market conditions and FOMO. Bitcoin's rebound and potential retest of $40,000, not seen since May 2022, further support LUNC's momentum. The broader crypto market, with optimistic Bitcoin projections, sets the stage for potential gains in altcoins like LUNC.