2024-07-09
The Terra Classic (LUNC)
chain has reached a new milestone with an all-time high staking ratio of 15.03%.
As of now, there are
1.018 trillion LUNC token staked, worth approximately $69 million at the
current price range.
This achievement comes
despite the challenges the chain has faced, including significant price
volatility.
The Terra Classic
community and validators are now setting their sights on the next goal of a 20%
staking ratio.
This effort, combined
with ongoing coin burning campaigns, aims to reduce the circulating supply of
LUNC and potentially increase its long-term value.
It’s interesting to note
that Binance has played a significant role in these efforts, having incinerated
62 billion tokens, nearly half of all burned LUNC.
LUNC chart shows LUNC is
on a downtrend, nearly hitting its all-time low. As of July 9, 2024, LUNC has
a market cap of $386 million. This makes LUNC the world's 138th most
valuable company by market cap. LUNC’s fully diluted market cap is
$480 million.
As of July 9,
2024, LUNC has a market cap of $386 million. This
makes LUNC the world's 138th most valuable company
by market cap. LUNC’s fully diluted market cap is $480 million.
LUNC needs to get back
into top 100 largest crypto by market cap in order to see the sign of uptrend
again.
