What do you think about $LUNC in a bull cycle
Factors influencing LUNC in a bull cycle
Burn mechanisms: The LUNC community has intensely implemented and promoted token burns to reduce its immense circulating supply (currently trillions of tokens). Exchanges like Binance have contributed with recurring burns. If the burn rate significantly accelerates (such as burning trillions of tokens), this could have a positive impact on the price.
Trading volume: An increase in trading volume during a general crypto market bull run, combined with transaction burns, could accelerate the reduction of supply.
Community sentiment: The strong and active LUNC community is a key driver. Enthusiasm, successful governance proposals, and social media campaigns can generate speculative interest.