We’ve had a nice increase in the price of Terra Luna classic in the last 24 hours roughly and at the time of taking a look at this are we on a bit of a bullish incline right now. I want to talk to you about what is happening with the Terra Luna price and also what is happening with the Terra Luna burn right now. So, Terra Luna classic is what we’re going to be focusing on today. I just want to let you guys know the crypto market today, it’s kind of looking pretty nice you guys can see right here crypto bubbles Luna classic up 4.2 percent which is good, and a few of the other cryptos. They’re looking good as well so the crypto market is on a slightly positive incline today.
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You can see the Terra Luna classic price right here, so right now there is a bit of momentum happening with the price of Terra Luna classic. If we zoom out on a very big scale here. So, you have to remember we’ve been following this journey ever since it plunged into these micro levels on the channel. You can see back in here, that the journey kind of started off in early June. So, very early June and it did decrease quite a lot. Then some people came in bought the dip on Luna classic and got massively rewarded. There was that big period of flat trading right here, so you can see this big period of flatness and then we had a lot of interest on exchanges a lot of people buying into Terra Luna classic right here this initial pump.
We have done a bit of sideways trading, we have gone down a little bit into a valley right here. But, right now where are we up to right now in the crypto space. We are seeing some bullish candles currently in the market for Terra Luna classic. So, here I’ve zoomed in on the chart very close, you can see some of the hours right here. But, we are seeing a lot of green candles. So, what is happening right now with this micro level. You may know the story, but the Terra Luna classic burn is actually going up and up so what is happening right now. We actually spoke about one of those cryptos yesterday on the channel lunatics has added a lot to the burn. So, there’s been a big increase of 100 million added to the Terra Luna classic burn. It’s actually sitting at around 1.5 billion currently and this in my opinion is helping to push up the price of Terra Luna classic.
If we get this burn number up, we get that community support up. We get different projects supporting Luna classic that are going to help out Luna classics price. So, this really at its core Terra Luna classic. If you want to understand this cryptocurrency, it is a community run at crypto. So, it needs lots of community support lots of community support and I think Terra Luna classic is getting that right now. So, I’ve seen a lot of different exciting projects happen with Terra Luna classic and you can see right now the buyers are coming in which is looking nice. So, potentially are we going to go kill a zero again is zero going to get killed. We’ll find out soon but right now, we are seeing some nice buys with Luna classic.
If we do actually do an update on the crypto, we spoke about yesterday on the channel lunatics token. So, check it out 100 million Terra Luna classic will be burnt and I think this actually went through. So, if we have a look right here on lunatic’s token the Twitter account 100 million. 100 million Terra Luna classic just burned 100 million, Terra Luna classic this is just the beginning. So, I’m going to say this is good, so what do we want to see with Luna classic the crypto. In my opinion, the best thing we can see right now is a lot of decentralized support for this crypto. So, we want to see a lot of decentralized support a lot of projects kind of getting behind this a lot of centralized crypto exchanges. We have seen other crypto exchanges like Mexi like coin in.
We want to see that support kind of fill in on a decentralized level kind of push up the price of this. I think that would be really good for this crypto currently. If we do check out how Terra Luna classic is going right now on our coin market cap. You can see right here the last day or so some bullish increases that we picked up on the price before/ How is the actual market cap and volume going for this crypto. So, if we look up the top here Luna classic sitting around the 600 million fully diluted market cap range.
If we compare this against some other big cryptos. I think lLuna classic still has a lot of uh potential to grow so terror classic this one can potentially grow a lot so you guys can see right here the biggest one is bitcoin 405 billion and the other ones are still massive, so you’ve got Ethereum 175 billion. You’ve got XRP 16 billion, Solana 12 billion and Shib which is another great crypto 5.8 billion. So, I think from a growth perspective. There is still plenty of room for luna classic to grow as well. So, I’d love to see this one push past, I think a good milestone would be one billion dollars. So, if we can get the market cap up to one billion dollars I think that should be something to be celebrated and also it would be great for the coin market cap. You can see right here, that it’s not really showing Terra Luna classic correctly.
If it’s got a market cap of 662 million and we got a coin market cap right now. It should be ranked properly on here, so it should be around in the early 60s. So, it should be sitting in here somewhere Luna classic, who wants to see coin market cap get Luna classic fixed on their website.
This article is a transcription of a video made by Crypto ZEUS
Original video: https://youtu.be/hL5102fbjBo