The recent bullish push in the price of Terra Luna Classic ($LUNC ) is supported by clear fundamental and market factors. These are the primary catalysts that explain its current performance:
1. ⚙️ Dynamics of Supply and Demand: The Effect of the Burn
The main reason is the reduction of the circulating supply through the burning of tokens.
By continuously incinerating millions of LUNC tokens, the available supply in the market is reduced.
If demand remains stable or intensifies while supply decreases, the logical outcome is upward pressure on the asset's value.