Coinbase Considers Relisting Terra Luna Classic (LUNC): Potential for ATH Surge?

• Coinbase may relist Terra Luna Classic (LUNC), following a significant uptick in token staking and market activity.
• This potential relisting could herald new all-time highs for LUNC, revitalizing interest after past market turmoil.

Recently, Terra Classic (LUNC) has reached a new milestone in staking achievements, with levels indicating a bullish phase for the cryptocurrency. This information was detailed in a prior report by CNF, which highlighted the growing investor confidence in LUNC’s potential for substantial token burns to reduce supply and drive up value.

Coinbase’s Re-engagement with LUNC

As revealed in today’s CNF YouTube video, Coinbase is considering the relisting of Terra Luna Classic on its trading platform. This development follows the reinstatement of LUNC swaps in the Coinbase Wallet, which sparked a modest price increase of 1.10% within 24 hours to $0.0001054.

The enthusiasm within the LUNC community is palpable, as Coinbase’s renewed interest in the token suggests a restored faith in its market viability. This is a noteworthy turnaround from the 2022 debacle involving Terraform Labs that led to the emergence of Terra Luna Classic from the ashes of Terra Luna (LUNA).

Potential for ATH Surge?

A recent tweet by influencer Mr. Diamondhandz highlighted the optimistic sentiment surrounding LUNC, noting its availability for trade on the Coinbase Wallet as a bullish sign for the token’s trajectory.

JUST IN: $LUNA is showing as a asset not supported by #Coinbase, and $LUNC is showing available to trade on Coinbase wallet. Bullish! Time to send #LunaClassic to the moon! #Crypto #LUNCcommunity pic.twitter.com/FklO8BQ41o

— Mr. Diamondhandz1 (@MrDiamondhandz1) May 13, 2024

According to today’s Coin Market Cap, LUNC has surged by 0.33% in the last 24 hours, despite a decrease of 1.86% over the past week, maintaining a price of $0.0001047. The price chart below provides a visual representation of these fluctuations, illustrating the dynamic nature of LUNC’s market activity. The potential relisting by Coinbase could further stimulate investor interest and market activity, potentially leading to new all-time highs for LUNC.

As market dynamics continue to evolve, the possible relisting of LUNC by a major exchange like Coinbase could significantly influence its market cap and investor interest, potentially driving the token towards new all-time highs.

This strategic shift by Coinbase could not only impact LUNC’s immediate pricing but might also set a precedent for how major exchanges reassess cryptocurrencies after significant market events.