Leading Market Intelligence Platform Says Massive Terra Classic (LUC) Rally Is Pending, Which May Trigger Main Craze


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According to an analyst at Santiment, Terra Classic (LUNC) is fast becoming the next king meme coin with a main craze pending.

Several meme coins have already emerged on the crypto scene, dominating the space and successively falling from the throne. Dogecoin (DOGE), Shiba Inu (SHIB), and Safemoon (SAFEMOON) have all risen and fallen out of favor. Terra Classic (LUC) appears to be taking over the throne, unlike the previously mentioned assets.

A Santiment’s recent analysis revealed some similarities between the price actions of these memecoins, noting the rise of LUNC using metrics such as social presence and price movements, giving it the title of “meme king crown”.

Santiment’s analysis notes that LUNC has recently assumed social dominance in the space, as interest in the asset has grown rapidly, judging by the increase in LUNC-related terms on social platforms. At the time of the Santiment report, LUNC-related terms occupied the 1st and 8th positions in the assessment of social trends.

This exploit highlights the crypto community’s attention to LUNC, as it shows signs of an auspicious comeback. Terra Classic’s recent bear fightback is partly fueled by the community’s commitment to resurrecting the asset. As this renewal campaign gathers momentum, LUNC’s price action is seeing a positive boost, driving more interest in the token.

The Santiment analysis also highlights that the LUNC community could see a repeat of a bearish event that has remained a pattern with dominant meme pieces.

Like Dogecoin, LUNC could rise to seal its position as the dominant coin.

Terra Classic’s current social standing could propel the asset to surprising heights if the momentum continues. Basic CryptoOn Monday, stress the similarities in price actions and social trends between Dogecoin and LUNC, citing Santiment’s analysis.

The rise in Dogecoin’s bullish social outlook massively contributed to the asset’s ATH surge of $0.73 in May 2021. Billionaire and CEO of Tesla, Elon Musk’s public campaign for the active on Twitter also led to the active’s social dominance at the time.

LUNAtics recently ramped up its campaign for LUNC on social platforms, increasing publicity for the asset. Like before reported, as many as 9 exchanges have declared their support for the 1.2% LUNC tax cut. This indicates the growing attention the asset is garnering.

According to Santiment, Luna Classic and Dogecoin experienced an initial surge before encountering flat consolidation. After the consolidation, dogecoin had a massive rally which started the main craze.

Santiment’s social indicators show a similar picture for LUNC; a real craze for Terra classic is pending which could come after the current consolidation.

Despite the recent hurdle encountered that halted the asset’s rally, LUNC managed to keep its head above the $0.00025 level. LUNC is currently trading at $0.0002855 at press time, which is a 194% increase from the $0.000095 value the asset had exactly one month ago.

LUNC is showing signs of a further rise, having gained 9.66% in the last 24 hours despite the bearish mood. Another LUNC rally could support its journey towards consolidating its position as the king meme coin.

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