- Market Demand: The price of a cryptocurrency is closely tied to how many people want to buy it. If more investors believe in LUNC’s potential, demand will rise, hence hiking its price.
- Supply: Like any asset, the supply of LUNC affects its price. If there are too many coins in circulation without sufficient demand, prices can crash the crypto community
- Technological Developments: Improvements in the infrastructure of Terra has a significant impact. New features, scalability, and reduced transaction fees can attract more users.
- Market Sentiment: Cryptocurrency is heavily influenced by news and events. If LUNC is featured positively in the media, it can lead to price increases.
- Regulatory Environment: Regulations in countries around the world can either bolster or hinder the growth of cryptocurrencie
