Terra Classic (LUNC) is continuing to make waves in the cryptocurrency markets. It surged 7% in a 24-hour time frame and climbed onto the list of top-gaining assets on CoinMarketCap for the first time in a month. Classy Crypto, a Terra Classic community influencer and TerraCVita core team member, tweeted about the impressive surge. Snapshot data reveals LUNC had rallied to a high of $0.000131 before facing a roadblock. Currently, it is trading for $0.0001255 and has the potential to reach its February high of $0.0002.

LUNC has continued to show strength despite BTC and other top assets showing losses or trading flat. Its 24-hour trade volume increased from $56.5 million to $109.8 million in less than 7 hours, indicating high investor demand. The token is also gaining traction away from the markets, with it being the top-viewed asset in the DeFi sector and Europe and Asia in the first quarter of 2023.

The Terracvita team is continuously working towards enhancing the asset’s utility. It recently launched a Terraport project which promises greater liquidity to the LUNC token. What’s more, Cremation Coin recently rolled out a new Non-Fungible Token (NFT) initiative that could help burn more LUNC.

Analysts are hopeful the asset will break through its current resistance levels, allowing it to reclaim its February heights. If Terra Classic manages to surpass its $0.00013 roadblock and remain above $0.0002, then it could see a significant bull run in the coming days.



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