- Despite current volatility, Lido DAO sees an 18% increase as market conditions improve.
- LUNC posts 44% yearly growth, driven by community optimism and strategic token burns.
- Binance and TFL plan LUNC and USTC burn by October 30th, fueling positive sentiment.
Lido DAO (LDO) and Terra Classic (LUNC) have experienced diverse trajectories, with LDO navigating uncertainty and LUNC showcasing robust year-long growth. This contrast highlights significant trends and sentiments in the cryptocurrency markets.
Despite recent gains, LDO is marked by a downtrend. Over the last seven days, LDO’s price rose by 18%, even as it moved sideways. This uptick occurred alongside a broader market recovery that followed a global market rebound.
Over the past 24 hours, LDO had seen fluctuating prices, briefly peaking at $1.26 and dipping to a low of $1.21. This volatility indicates a tentative market sentiment. As of reporting time, the price stands at $1.24, marking a decrease of 1.01% for the day.
In a recent chart analysis, cryptocurrency analyst Tony highlighted significant movements in the price of LDO/USDT. According to the weekly chart, the LDO token experienced a notable fluctuation over the last week. Tony indicated a specific price point, stating,” Above $1.40, I will enter this one, no time before that though,” signaling his intent to invest in LDO only if it surpasses the $1.40 threshold.
The chart illustrates a broader trend for LDO, showing a rollercoaster movement throughout the year, with peaks in mid-March and notable dips following. The current trading range suggests a critical support level at approximately $1.30, which investors and traders will closely watch in the upcoming weeks.
Terra Classic (LUNC) Shows Robust Growth Over the Year
In a recent update, MrDiamondhandz1, another crypto analyst, highlighted in his X profile the significant Terra Classic (LUNC) growth, pointing out a 44.12% increase over the past year. Currently, LUNC is trading at a volume of $41.3 million in the last 24 hours and is ranked #120 worldwide, boasting a market capitalization of $420 million.
The tweet also noted ongoing efforts to reduce the circulating supply of LUNC, with Binance conducting monthly burns and Terraform Labs (TFL) set to burn their LUNC and USTC holdings by October 30th. This strategy has injected optimism within the LUNC community, with sentiments running high on the potential continued ascent of the token’s value.
TerraClassic (LUNC) Demonstrates Growth with Token Burns and Trading SurgesThe analyst accompanied the post with a graph showcasing LUNC’s price trajectory, reinforcing bullish sentiments within the LUNC community as they rally behind the coin’s promising financial journey.
Over the past 24 hours, Terra Classic (LUNC) has seen a 3.35% increase in price. At the time of writing, the LUNC price hovered at $0.00009288, with a surge of 3.35% from the previous day. According to CoinMarketCap data, the trading volume soared by an impressive 181.67%, reaching $55.01 million, indicating heightened trading activity.
