 The LUNC price witnessed a jump of 2% over the past 24 hours, reaching $0.0000118. Additionally, the token noted a significant surge of 58% over the past week, along with a whopping rush of 81% over the past month. The token appears to portray a bullish momentum within the broader crypto markets following its recent advancements. Besides, the trading volume also increased substantially by 18%, revaluating $269 million. Concurrent with the price surge witnessed by its sister token, the USTC price also surged remarkably over the past 24 hours. The token noted a 21% increase over the past day, evaluating $0.052 today. Moreover, the token experienced a colossal surge of 293% over the past seven days, along with a 333% upswing monthly. Similar to LUNC, the USTC price also showcased bullish sentiments within the markets. Both the tokens collectively appear to be surging rapidly as the Binance burn date nears. With the tokens already witnessing an approximate 200% surge, the Binance burning phenomenon appears to come as a price uplifter as the circulation supply will potentially decrease. The Binance burn is all set to happen on December 1st. This technical analysis indicator evidences a strong momentum for the Terra Classic native token. However, it may also forecast a possible retrace in the following days as cryptocurrency traders might want to realize these recent gains. LUNC's further price action will be highly dependent on the project's tokenomics. Terra Classic's development and also be influenced by macro and micro events. After last year's collapse, LUNA continued its life as LUNC. Many victims kept buying as they believed there would be no further losses, only to see the price plummet from double-digit levels to one with many zeros. Does the rise in November indicate a possible comeback? Users conducted approximately 589,000 transactions on the network on November 22nd, nearly double the number from the previous month. During the same period there was a notable increase in the amount of lunches staked. By November 24th, the ratio of staked lunch tokens had risen to 15% of the total supply. The Terra ecosystem cryptocurrencies LUNC and USTC are gaining significant rallies amid various favorable announcements from projects and crypto exchanges. The constant upswing in price over the past few days has amassed significant attention within the broader crypto market. The recent soaring of the Terra Classic back tokens appears to come as a result of Binance's announcements related to USTC. Furthermore, crypto market traders and investors are extensively eyeing the token as Binance's burning date nears. Interestingly, Binance recently executed its 15th LUNC token burn for Terra Luna Classic, LUNC, incinerating approximately 760 million tokens. This action contributes to a cumulative burn exceeding 40 billion LUNC by the exchange and over 76 billion by the community. Such periodic token burns aim to regulate the token supply, influencing factors like scarcity and value within the Terra Luna Classic ecosystem. Additionally, the surge in the price of the tokens appears to have impacted the APR for lunchy on staking. As per on-chain data, the Terra community noted an APR of 30%, with rewards including USTC. This recent development again sparked curiosity among crypto market enthusiasts as it underlined the role of on staking in regulating transactions, preserving network stability and providing passive income opportunities. The community expects Binance to burn more LUNC as trading volumes jump significantly during this rally. Despite all the optimism, the old days for LUNC seemed very far away. Many investors rushed to expensive collections when the Terra Crash started while the NFT craze had not yet subsided. Some accumulated Luna and USTC now at prices that are very expensive by today's standards, but none received what they expected and it does not seem likely they will in the near future. Due to Quan's arrest, confrontations with law enforcement and the collapse of the multi-billion dollar Terra ecosystem are not shocks that can be easily overcome. Moreover, much more successful competitors than Terra and the Terra Classic Network have entered our lives during the bear season. Although it is normal for the Terra Classic ecosystem to experience speculative and abnormal movements in a strong competitive environment, a clear comeback seems difficult. In April, the $0.00012 area was a tough resistance and has not been surpassed again. If the price can overcome this area, we might see a rally extend to $0.00015, but even if the price removes one or two zeros, compensation tokens given to the victims will not cover their losses. TerraUSD lost its peg to the dollar in May 2022, causing an explosion in the entire crypto market. Not only did the Terra ecosystem tokens plummet, but top tokens like Bitcoin and Ethereum were also hit hard. Since that period, the entire Terra ecosystem, including Luenzi, has been struggling. However, things might look different for Terra in the coming months due to a significant announcement by Binance. Binance Futures introduced the USDM-USTC perpetual contract with leverage of up to 50 times on November 27, 2023. At the launch, the maximum funding rate for the USDC-USDT perpetual contract was either plus 2, 00% or minus 2.00%. This helped Terra ecosystem tokens, including USDC and Luenzi, gain momentum. According to CoinMarketCap, USDC had increased more than 20% in the last 24 hours. At the time of writing, it was valued at $0.05032, with a market capitalization of over $684 million. TerraUSD is the decentralized and algorithmic stablecoin of the Terra blockchain. Positioned as a scalable and yield-bearing coin, TerraUSD is pegged to the US dollar, offering a stable and reliable value. The positive sentiment towards the cryptocurrency resulted in increased confidence among general investors, clearly seen in the rise in total holder numbers. However, recent analyses revealed that whales might not have much confidence in USDC as the supply held by top addresses has decreased in the near past. What do you think? Let me know in the comments. Please don't forget to subscribe for more updates.