Reporter
Published: November 27, 2023
- Terra Classic’s burn rate stayed high while its cost rallied.
- LUNA likewise followed LUNC’s course as its rate rose in the last 24 hours.
Terra Classic [LUNC] has actually shown an admirable efficiency in the current past as its cost rallied by double digits. This took place at a time when the token’s burn rate increased, lowering its distributing supply.
Is LUNC’s high burn rate the only factor behind the rise, or are there more things to be thought about?
Terra Classic is burning
A take a look at CoinMarketCap’s information exposed that LUNC’s cost rallied by more than 25% in simply the last 24 hours. At the time of composing, Terra Classic was trading at $0.00009977 with a market capitalization of over $578 million, making it the 79th biggest crypto.
A possible factor for this increase might be LUNC’s high burn rate.
BREAKING NEWS
78.5 Billion $LUNC Burned pic.twitter.com/iVNZJKZ8xw
— LunaClassic HQ ™(@LunaClassicHQ)November 26, 2023
For the unaware, when tokens are burned, their flowing supply declines,
