{"id":599550,"date":"2024-03-25T13:00:16","date_gmt":"2024-03-25T13:00:16","guid":{"rendered":"https:\/\/wncen.com\/?p=599550"},"modified":"2024-06-11T07:24:11","modified_gmt":"2024-06-11T07:24:11","slug":"price-of-lunc-ustc-up-today","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/price-of-lunc-ustc-up-today\/","title":{"rendered":"Why Is The Price Of LUNC And USTC Up Today?"},"content":{"rendered":"

The prices of LUNC and USTC<\/a> have both seen a considerable boost in the past day. But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the currently incarcerated founder of the Terra blockchain, Do Kwon<\/a>.<\/p>\n

Terra Founder Gets Released<\/h2>\n

Do Kwon, the founder of the billion-dollar Terra blockchain, which collapsed in 2022, has been in prison in Montenegro for months now after being apprehended with fake travel documents. Since then, there have been numerous efforts by both the United States and South Korean governments to get the founder extradited for prosecution in their respective countries to no avail.<\/p>\n

Related Reading: Bernstein Analysts Says Bitcoin Will Reach A New ATH By Year End, Here\u2019s The Target<\/a><\/div>\n

Between the two countries vying for extradition, there have been reports that the Montenegrin court is leaning toward extraditing him to South Korea<\/a> to face charges for the collapse of the blockchain. Despite this, the founder remains in Montenegro as a final decision on his extradition has yet to be made.<\/p>\n

While the courts deliberate on where to send the founder, Do Kwon has finally secured a release from prison in Montenegro. According to the release reports, Do Kwon is expected to remain in the country until the courts decide his fate.<\/p>\n

Prison Chief Darko Vukcevic confirmed Do Kwon\u2019s release<\/a> from prison as he says that the disgraced founder has served the entirety of his sentence<\/a> for the fake travel documents. He was reportedly released on Saturday, March 23, and is currently under house arrest.<\/p>\n

LUNC And USTC React To Do Kwon\u2019s Release<\/h2>\n

The prices of USTC and LUNC have reacted positively to the news of Do Kwon<\/a> getting released on Saturday. After the news made the round, the prices of both altcoins saw a significant uptick, turning green despite the crypto market continuing to struggle.<\/p>\n

Related Reading: Bitcoin ETFs Bleed For One Week Straight \u2013 Can Price Recover To $73,000?<\/a><\/div>\n

The LUNC price<\/a> saw an over 10% jump from its Sunday lows of $0.00015, reaching as high as $0.000172 before correcting back downward. In the same vein, the USTC price<\/a> also recorded a 10% increase during this time, going from $0.028 to peak at $0.031.<\/p>\n

So far, both altcoins<\/a> have been able to maintain their gains in the last day, which could signal a continuation in the uptrend. Right now, there is not much resistance for both assets and if Bitcoin<\/a> continues to rise, then both USTC and LUNC are expected to follow.<\/p>\n

At the time of writing, LUNC is trading at $0.0001672 with a 24-hour gain of 9.4%, and USTC is trading at $0.0303 with a 24-hour gain of 5.39%, according to data from Coinmarketcap.<\/p>\n

\"LUNC<\/p>\n

LUNC price rises to $0.00016 | Source: LUNCUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Times Tabloid, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The prices of LUNC and USTC have both seen a considerable boost in the past day. But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the currently incarcerated founder of the Terra blockchain, Do Kwon. Terra Founder Gets Released Do Kwon, the founder of the billion-dollar Terra blockchain, which collapsed in 2022, has been in prison in Montenegro for months now after being apprehended with fake travel documents. Since then, there have been numerous efforts by both the United States and South Korean governments to get the founder extradited for prosecution in their respective countries to no avail. Related Reading: Bernstein Analysts Says Bitcoin Will Reach A New ATH By Year End, Here\u2019s The Target Between the two countries vying for extradition, there have been reports that the Montenegrin court is leaning toward extraditing him to South Korea to face charges for the collapse of the blockchain. Despite this, the founder remains in Montenegro as a final decision on his extradition has yet to be made. While the courts deliberate on where to send the founder, Do Kwon has finally secured a release from prison in Montenegro. According to the release reports, Do Kwon is expected to remain in the country until the courts decide his fate. Prison Chief Darko Vukcevic confirmed Do Kwon\u2019s release from prison as he says that the disgraced founder has served the entirety of his sentence for the fake travel documents. He was reportedly released on Saturday, March 23, and is currently under house arrest. LUNC And USTC React To Do Kwon\u2019s Release The prices of USTC and LUNC have reacted positively to the news of Do Kwon getting released on Saturday. After the news made the round, the prices of both altcoins saw a significant uptick, turning green despite the crypto market continuing to struggle. Related Reading: Bitcoin ETFs Bleed For One Week Straight \u2013 Can Price Recover To $73,000? The LUNC price saw an over 10% jump from its Sunday lows of $0.00015, reaching as high as $0.000172 before correcting back downward. In the same vein, the USTC price also recorded a 10% increase during this time, going from $0.028 to peak at $0.031. So far, both altcoins have been able to maintain their gains in the last day, which could signal a continuation in the uptrend. Right now, there is not much resistance for both assets and if Bitcoin continues to rise, then both USTC and LUNC are expected to follow. At the time of writing, LUNC is trading at $0.0001672 with a 24-hour gain of 9.4%, and USTC is trading at $0.0303 with a 24-hour gain of 5.39%, according to data from Coinmarketcap. LUNC price rises to $0.00016 | Source: LUNCUSDT on Tradingview.com Featured image from Times Tabloid, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":599553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,138,86012,89846,86067,90558,86792,86977,86796,65698,91922,90450,86791,90449,90447,91920,91921],"class_list":["post-599550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoin-news","tag-do-kwon","tag-do-kwon-news","tag-lunc","tag-lunc-news","tag-lunc-price","tag-luncusd","tag-luncusdt","tag-terra","tag-terra-founder","tag-terra-news","tag-ustc","tag-ustc-news","tag-ustc-price","tag-ustcusd","tag-ustcusdt"],"acf":[],"yoast_head":"\nWhy Is The Price Of LUNC And USTC Up Today?<\/title>\n<meta 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why Is The Price Of LUNC And USTC Up Today?","url":"http:\/\/wncen.com\/news\/price-of-lunc-ustc-up-today\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/price-of-lunc-ustc-up-today\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LUNC-USTC.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LUNC-USTC.jpeg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","altcoin news","do kwon","do kwon news","lunc","lunc news","lunc price","luncusd","luncusdt","terra","terra founder","terra news","ustc","ustc news","ustc price","ustcusd","ustcusdt"],"dateCreated":"2024-03-25T13:00:16Z","datePublished":"2024-03-25T13:00:16Z","dateModified":"2024-06-11T07:24:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why Is The Price Of LUNC And USTC Up Today?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/price-of-lunc-ustc-up-today\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/price-of-lunc-ustc-up-today\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/LUNC-USTC.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/LUNC-USTC.jpeg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"altcoin news\",\"do kwon\",\"do kwon news\",\"lunc\",\"lunc news\",\"lunc price\",\"luncusd\",\"luncusdt\",\"terra\",\"terra founder\",\"terra news\",\"ustc\",\"ustc news\",\"ustc price\",\"ustcusd\",\"ustcusdt\"],\"dateCreated\":\"2024-03-25T13:00:16Z\",\"datePublished\":\"2024-03-25T13:00:16Z\",\"dateModified\":\"2024-06-11T07:24:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LUNC-USTC.jpeg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/599550"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=599550"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/599550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/599553"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=599550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=599550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=599550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}