The Rise of the Fallen! Terra Classic Makes a Comeback

Terra Classic is trying hard to make up for the past losses that Terra Luna had caused

It might be shocking, but Terra Classic is outperforming all top-ranking cryptocurrencies in September, as it rallied for about more than 100% over the past week. According to reports, the token surged more than 200% to date, whereas other major cryptocurrencies like Bitcoin, dropped 4%, and Ether gained only 3% in the same period. The profits in the Terra Classic market appeared despite the crypto's association with the infamous Terra Luna token, which smashed the entire cryptocurrency industry and was the reason behind the fall of several major crypto assets. Later on, as a part of the rebranding, the Terra creator, Do Kwon built the Terra Classic protocol, which initially took a major hit, but eventually is successfully gaining investor confidence.

The Terra Classic protocol has been a part of major skepticism theories, where traders were reluctant to invest in Terra's new protocol, to avoid facing more financial losses. But eventually, crypto investors have shown their support towards LUNC as a result, the crypto is growing once again. The developers added a new staking service to the network, which experts believe is one of the major triggers behind this outrageous LUNC price rally. The protocol's new staking service has impressed investors immensely, so much so that data claims, that users have staked more than 610 billion LUNC with Terra Classic against its net supply of 6.9 trillion units. In simpler terms, almost 8% of the total LUNC supply has been already removed from circulation.

In a nutshell, Terra Classic has steadily moved upwards. The LUNC is currently witnessing increased buying pressure, which is driving its price growth. The demand for crypto has dramatically increased, indicating there is an upsurge in risky investment appetite. Even though Terra's fall created a lot of adverse changes in the crypto market, it seems like Terra Classic is trying to make up for all the bad things its predecessor caused.