The trade volume for Luna Classic (LUNC), as indicated in the chart below, is rising, although this hasn’t yet had a positive effect on the project’s price. Even though LUNC’s price has fallen throughout October, this may change in the future.
While not its lowest price, the cryptocurrency’s current price of $0.000234 may be a new low.
Luna Classic’s price today is $0.0002421 USD
| DATE | Luna Classic | USD |
|---|---|---|
| Today | 01 | 2.48 |
The price of LUNC has not yet increased in response to the news. Yesterday, October 23, the price briefly increased from $0.0002267 to $0.0002441; however, it has since plunged once more to the current level of $0.000232.
Analysts believe the project will require significant effort to even return to its pre-crisis status, and the fact that it lost nearly all of its value in less than 48 hours says a lot about the decrease in investor confidence. There have been both increases and drops over the past few months, but it’s crucial to remember that the primary issue continues to be the whereabouts of Do Kwon, the project’s original co-founder who is believed to be eluding capture.
The community and LUNC developers are now attempting to enhance value through token burns and prudent planning, which entails creating value and winning back investors’ trust.
