Coinbase listings have historically provided healthy traction for the listed cryptocurrency. LUNC’s listing can potentially open up an avenue for more liquidity from millions of investors in the U.S. A successful listing on Coinbase would likely have a price positive effect on LUNC. If successful, the community will likely push for Coinbase to implement the tax burn too.
LUNC was trading at $0.00035, at press time, after a 92% hike on the charts. The aforementioned hike made it one of the market’s best-performing cryptos this week.LUNC’s rally commenced after it interacted with the 50-day moving average, marking the end of its 69% bearish retracement. It still has some ground to cover before recovering its September high, however.
LUNC’s chart indicators, at press time, suggested that the price might be headed for more upside in the coming days. However, on-chain metrics may not necessarily align with these sentiments. For example, social dominance is down significantly since 25 September, from around the same time that the latest rally started.LUNC’s social dominance will likely be higher if the Terra LUNA Classic community continues to push for Coinbase and Robinhood listings.