LUNC outperforms the other coins in the top 50 list

LUNC, the native token of the Terra Classic network, is up by nearly 5% in the last 24 hours and is outperforming some of the other leading cryptocurrencies.

LUNC, the native token of the Terra Classic network, is the best performer amongst the top 50 cryptocurrencies by market cap so far today. Terra Classic is the revamped project of the now-defunct Terra. 

The coin has added nearly 5% to its value in the last 24 hours, outperforming the other major cryptocurrencies like Bitcoin and Ether.

There is no apparent catalyst behind this latest positive performance, as LUNC is recovering from a bearish run it suffered last week. In the last seven days, LUNC has lost more than 7% of its value.

LUNC’s positive performance comes as the broader cryptocurrency market struggles. The total crypto market cap has dropped below $950 billion after