Crypto Influencer Compares LUNC’s Performance With Top Cryptos

The crypto influencer that hosts the Classy Crypto YouTube channel thinks Terra Luna Classic ($LUNC) is performing like a top cryptocurrency. In a recently uploaded video, the analyst noted that despite the overall drop in crypto prices, $LUNC has sustained an upward momentum.

Data from CoinMarketCap shows that $LUNC has gained nearly 7% of its value in the past seven days. The gain would have been much higher if not for a pullback after the price reached a local high of $0.00009632 before dropping to $0.00008858 at the time of writing.

According to the Classy Crypto host, $LUNC is in a moment when it is performing incredibly well in terms of price gains. He acknowledged $LUNC’s close relationship with USTC, noting how closely $LUNC’s price trails that of USTC. The analyst noted that USTC is a more volatile digital asset. However, he observed that $LUNC tends to follow USTC’s movement, especially in direction.

The Crypto influencer highlighted Binance’s support of Terra $LUNA as crucial for $LUNC’s recent performance. According to him, that only contributes to the upward trend and takes nothing away from the project itself. He claimed that if the Terra $LUNA Classic community holds over $100 million for a significant period, $LUNC will be listed on Coinbase.

The analyst explained that $LUNC is a decentralized cryptocurrency that operates off the Cosmos SDK. He hinted that from the XRP verdict, it is clear that regulators would not consider any cryptocurrency that trades primarily on exchanges a Security. Therefore, American crypto exchanges are not afraid to list $LUNC on their platforms.

$LUNC is the original Terra $LUNA coin left behind after the infamous collapse of UST/Luna and the establishment of a new Terra chain.