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Recently Terra Luna Classic (LUNC) has witnessed a massive rally. LUNC has seen an upsurge of almost 600% from its lowest in August, 2022. Citing the significant success, the crypto asset emerged as the most gaining crypto asset within the tally of top 100 cryptocurrencies in terms of monthly gain.
Following the collapse of Terra ecosystem, the developers ended up forming a community driven form dubbed as Terra Luna Classic (LUNC). There were many effective reasons behind the growth of LUNC, though the community support turns out to be the most effective one.
The community supported the network and crypto assets in every possible way. Undoubtedly Terra community has significant dominance over social media. This gave the network an unfair advantage over the others in terms of propagating awareness and persuading for its adoption.
As a result of community support and several other reasons, the current market capitalization of Terra Luna Classic (LUNC) reached upto 2.3 billion USD. This puts LUNC within a large cap cryptocurrency section.
Several examples of Terra community results in some popular hashtags over social media including #LUNC, #LunaClassic, #LUNCBurn, #LunaBurn, etc.
Floki Inu (FLOKI) With Strong Community Hold
Meanwhile Terra Luna Classic (LUNC) is enjoying significant success as a result of community efforts, Floki Inu (FLOKI) is witnessing the same. Although there is an evident difference between both the cryptocurrencies given their market caps, Floki has quite similarities. One such significant correlation between them is their community support.
Communities play a crucial role in growth of a crypto project—blockchain and cryptocurrency. Their support on various platforms, virtually and physically both, brings massive popularity to the project. Floki (FLOKI) is emerging as such a project where community plays a crucial role behind its widespread fame and ultimately surge in its price.
For instance, the community of Floki also plays a significant role behind its popularity. It is also responsible for creating trending keywords on Twitter like social media platform including #Floki, #FlokiFi and #Valhalla, etc.
Announcements of launching new products like FlokiFi Locker and partnership with various crypto related entities also results in its popularity.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
