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Silence reigns in Terra Classic (LUNC)
Terra Classic (LUNC), which did not move up despite an 8 percent increase in Bitcoin (BTC), drew the reaction of investors.
Reaching $26,800 hard after touching $24,800, BTC breathed the altcoin market. Nearly all altcoins saw gains of more than 10 percent, while Terra Classic (LUNC) rose only 3 percent. After that, LUNC, which turned its route down, lost 2.5 percent of its value. This shows that crypto investors are not looking to buy LUNC while the market is going up.
Investors Move Away From LUNC
Despite the fact that BTC increased by 8 percent in a short time, LUNC, which did not rise at all, but on the contrary, started to move away from investors. Despite the rise of more than 20 percent in the altcoin market, sales-oriented transactions are increasing in the popular coin, which does not react upwards in any way.
The lack of trust in the Terra ecosystem due to negative events in the past continues. Crypto investors prefer trend coins in such rapid rises and perform crypto trading transactions that are safer than themselves.
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