LUNC Investors Are Optimistic for A Comeback As Coin Makes Gains

LUNC

LUNC investors are looking out for a possible comeback as the token price shows signs of upswing in the past couple of days. Coinmarketcap data shows that LUNC has been making gains in the last one week.

15% in the past 24 hours. With its current market price of $0.0002611, LUNC is among the big gainers on Saturday. It is also among the big gainers in the past 7 days. The token made its biggest gain since the Terra blockchain encountered problems last June.

A Massive Rise in 48 Hours

On September 1, the price of LUNC rose to $0.0003358. A correction brought the price down to its current levels. The recent price action of the cryptocurrency raises expectations that the coin is not yet dead as many investors feared.

With an RSI value of 60, there is still room for the token to make more gains in the near term. This is despite the fact that the price momentum has slowed in the past 24 hours.

LUNC Chart

A Boost in Trading Volume

Saturday saw the trading volume of the digital currency down by 47%, a slack from an impressive 7-day run. The market capitalization stands at $1.7 billion, a 16% increase in the past 24 hours. The coin has witnessed an incremental rise in trading volume over the past week. This may have been incentivized by a recent Terra Phoenix airdrop.

Other Top Coins in Green

Other coins are mostly in red. BTC is down by 2%, ether lost 5% in 24 hours, while BNB is down by 2%. BTC is currently trading at $19,847, eth – $1,555 and BNB – $277. The top 30 cryptocurrencies according to market cap are in red apart from Cardano (ADA) which has made a gain of 3% in the past 24 hours.

Other gainers are Filecoin – 10%, Internet Computer (ICP) – 4%, Axie Infinity – 6%, Zcash – 2% and Dash – 2%.

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Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.

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