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USTC Soars 15% Amid LUNC’s Recovery Post BTC Surge

Terra Classic USD (USTC) surges 15% as Terra Luna Classic (LUNC) makes a strong comeback post-Bitcoin's rise above $38,000.
USTC Soars 15% Amid LUNC’s Recovery Post BTC Surge

Terra Luna Classic (LUNC) and Terra Classic USD (USTC) have recently experienced significant price fluctuations. After an impressive rally, both tokens saw a pullback, drawing attention from investors and market analysts. However, LUNC and USTC have nullified the bearish trend, with prices over 18% and 15% as of press time.

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LUNC’s Rollercoaster Week

LUNC, the revamped version of the original Terra Luna, showed a remarkable 26% gain over the past week. This surge peaked on November 27, with the token reaching $0.000128 before the momentum faltered, with the price dropping to $0.000095. Moreover, despite this decline, LUNC has recorded a substantial 27.70% increase over the past seven days and an even more impressive 49.23% surge over the past month.

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USTC Skyrockets after LUNC Recovery

Similarly, USTC, the dollar-pegged stablecoin that remained de-pegged following the 2022 collapse, made headlines with over 200% rise. Although it peaked at $0.078, the price adjusted to an intra-day low of  $0.03147 before establishing solid support. Despite this, USTC has recovered, with a 205.53% upswing over the past week and a 233.95% rise over the month. Moreover, as of press time, USTC had negated the bearish pressure, surging by 15.90% to $0.046125, according to CoinStats.

USTC price chart

A key driver for these price movements is the recent strategic acquisition of USTC by Terra Classic Labs, which has also positively influenced LUNC’s value. However, despite the recent negative trend, a dip of over 20%, USTC has shifted to bullish momentum in the past day. This resurgence is attributed to LUNC’s bullish recovery after Bitcoin (BTC) soared past $38000.

Despite these fluctuations, the tokens have garnered significant attention in the crypto community. Analysts from Santiment suggest that the initial price rallies of LUNC and USTC might have been fueled by a fear of missing out (FOMO) among investors.

Read Also: LUNC Price Jumps 15% As Bitcoin Breaks Above $38k Again

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
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