One year ago, Terra Classic (LUNC) saw two billionaire market cap new highs in a row. The first was $1 billion on September 1, 2022, followed by another $1.7 billion one week later. However, 2023 has been a tough year for Terra Classic investors, with LUNC losing over 60% of its value year-to-date (YTD), and close to 80% since these past reports.
At the time of publication, LUNC is on the verge of crashing out of the top 100 cryptocurrencies ranked by market cap on CoinGecko’s rank (as the 100th largest crypto), while still securing slightly higher grounds on CoinMarketCap’s rank (as the 92nd largest cryptocurrency).
Notably, Terra Classic lost another $37 million in market cap in the last seven days, making LUNC the “Top Loser” of the week according to the “Gainers & Losers” index, by CoinMarketCap, with accumulated losses of 9.68% in the period.
Gainers and Losers — 1-Week Top Losers. Source: CoinMarketCap
Meanwhile, LUNC has a market cap of $340 million by press
We współpracy z: https://finbold.com/terra-classic-faces-top-100-exit-as-sell-off-intensifies/
