Terra Luna Classic (LUNC) has made a remarkable comeback in recent months, entering the top 100 cryptocurrencies by market capitalization on September 27, 2023. This comes after the cryptocurrency crashed to near-zero in May 2022 following the TerraUSD (UST) depeg and LUNA crash.
According to CoinmarketCap, Terra Luna Classic (LUNC) is currently at the 81st rank, while according to Coingecko, it is at the 90th rank.
LUNC’s recent rise has been driven by the community’s commitment to rebuilding the Terra ecosystem.
The LUNC community has proposed and implemented a number of measures to improve the sustainability and stability of the LUNC blockchain, including a burn tax and a reduction in the block issuance rate. These measures have helped to reduce the supply of LUNC tokens and increase their value.