Evaluating LUNC Hype If Robinhood, Coinbase Listings Go Through
Terra LUNA Classic’s LUNC is trending again following the token’s aggressive recovery on its price charts. Furthermore, the alternative coin has joined this month with hype as the LUNC community pursues a Coinbase listing.
Surprisingly, the LUNC community ended another massive plan, citing the 1.2% tax burn introduction on Binance. The community pushes for LUNC listing on Robinhood and Coinbase. Moreover, they had filed listing petitions during this publication.
Token listing in Coinbase has historically triggered health moves for the listed coin. Thus, the LUNC listing might ensure a platform for increased liquidity from many investors in the United States. Also, a successful listing would bring a positive impact on LUNC. That can see the community pushing for a tax-burn implementation on Coinbase.
Markets can expect similar outcomes if Robinhood lists LUNC. These exchanges have multiple global users, and the listings will likely offer the token increased exposure. Furthermore, Robinhood and Coinbase listing expectations will likely trigger market enthusiasm for LUNC.
While publishing this blog, LUNC traded at $0.00035, following a 92% upside on the price charts. The highlighted surge made LUNC a top-performing token this week. The altcoin kick-started the rally after interacting with 50d MA, which ended its 69% downward journey. Still, Terra Classic has a trip before recovering to its September peaks.
Its Moving Average Convergence Divergence flipped beyond the zero mark within the past day. Its nine-day EMA (Exponential Moving Average) crossed past the 26-day moving average, heightening the bullish signals.
While writing this context, chart indicators showed that LUNC price could be awaiting more uptrends in the upcoming days. Nevertheless, on-chain metrics might not match these sentiments. For instance, social dominance recorded a significant dip since September 25, when the latest upside emerged.
LUNC will likely see its social dominance skyrocketing if the community focuses on Robinhood and Coinbase listing. A lucrative outcome will boost the token’s demand. Meanwhile, a contrary result could spoof market players, welcoming another downside wave. Besides that, the token’s developer activity plunged to four-week lows.
The LUNC community dedicated to ensuring project success has seen favorable outcomes. Recently, they convinced Binance to introduce a tax burn, confirming its massive influence. It remains fascinating to see the results from this campaign, especially if Robinhood and Coinbase accept the listing proposals.