Why LUNA and LUNC Prices Are Surging Today?

13 Jun, 2024 Updated 23 Jun, 2025

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Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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LUNC News: Terra Luna Classic Tax2Gas upgrade

The Terra tokens are on the move again, creating high hopes among investors to see a recovery in value. With the downfall of these cryptos in 2022, it is about time to witness some major gains because of the bullish market situation. The upcoming altcoin season is the hope for Terra (LUNA) and Terra Luna Classic (LUNC) holders.

This LUNA and LUNC price surge is interesting as the rest of the market was in downfall earlier, where Bitcoin and the rest of the popular altcoins declined. On that note, let us discuss why these Terra tokens are rising today.

LUNA & LUNC Price Analysis

Terra (LUNA) is in an overall 97.13% fall after its peak two years ago, where it rose to an all-time high of $19.54. The altcoin had a decent surge today as the LUNA price increased to $0.5973 before declining to the current value of $0.5429. It has a market cap of $415,779,481, placing it 150th on the CoinmarketCap. LUNA’s trading volume is at $61,744,317, which has surged 102% in the last 24 hours, clarifying the reasons behind this surge.

LUNC is also on the same path, facing a 99.99% decline from its peak days in May 2022. Because of that, the Terra Classic price is at $0.0001027, which has hiked 1.18% from yesterday. Along with that, it has a market cap of $594,114,483. The surge in its network activity has pushed the trading volume to $37,034,782 after a 40% rise.

LUNA and LUNC had a better performance a few hours ago, as the trend seems to be declining by now as a slight downward moment is noticeable in the charts.

Why Are LUNA and LUNC Prices Rising?

For the past three days, the crypto market had a bearish outlook, where Bitcoin price had dropped to as low as $66,123. The negative impact of this is also visible in the rest of the cryptos. But after yesterday’s Consumer Price Index (CPI) data release, the market had a bullish push, helping with Bitcoin price recovery and causing a surge in cryptos like LUNA and LUNC.

Moreover, the improvement in the settlement news between the SEC and LUNA labs helped in positive sentiments among investors, leading to increased activity on the network. Lastly, the ongoing upgrades with the Terra LUNA classic (LUNC) are aiding in building the market reputation.

The technical indicators and moving averages indicate a strong buying zone for Terra (LUNA). Also, the Relative Strength Index (RSI) is 57.26, an indication of buyers in the network, confirming the current rise.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.