Terra Luna Classic has seen a 44% increase today, and an additional 110% over the previous seven days. TerraClassicUSD (USTC), on the other hand, has seen a more than 140% gain today and an additional 780% over the past seven.
The greater crypto community had nearly forgotten TerraClassic (LUNC), and TerraClassicUSD(USTC) over the past two-months following the Terra (LUNA), debacle that began with the de-pegging TerraUSD (USDT stablecoin).
However, the recent price increases have brought these two cryptocurrencies back in the limelight.
📈🤷 #TerraClassicAnd #TerraClassicUSDThey were all but forgotten by the #cryptoThe community has been active for the past 2 to 3 months. However, $LUNCIt’s +107% $USTCThe +320% and +32% respective rises over the past 55 hours may be worth more attention. 🤔 https://t.co/ddhyKjE9tz pic.twitter.com/oFnZ0JjaNJ
— Santiment (@santimentfeed) June 29, 2022
CoinMarketCap says that the price of LUNC has been increasing and that the same holds true for USTC stablecoin owners. Between June 26th, 2017 and today, the number LUNC holders increased by around 1.41 percent.
What is the reason for the price rise in USTC and LUNC?
StarShip, a metaverse venture, recently announced that it will incorporate LUNC in its ecosystem. This is one of the major contributors to the rapid rise in LUNC prices. StarShip will include LUNC among its payment options.
StarShip will also use 1.2% of total LUNC it receives as payment.
StarShip issued the following press release:
“LUNC will be implemented into the StarShip ecosystem as one form of payment within StarShip Universe, burning 1.2% of all LUNC received for these payments.”
StarShip, one of the most important metaverses ever created, recently released footage showing its gameplay. The MetaUniverse is 32,000 square kilometers in size and powered by the Unreal 5 engine.
The practical use case of LUNC by StarShip and Luna is welcome by the crypto community. This partnership strengthens both ecosystems.