Terra Luna Classic Is Going to Zero as LUNC Plummets 10%, But Eco-Friendly Crypto Ecoterra Just Hit $5.6 Million – How to Buy Early?
The crypto market’s current valuation sits at a remarkable $1.19 trillion, indicating an increase of 1.75% in the last 24 hours.
This surge points towards positive market conditions, with several altcoins experiencing price uptrends.
However, some assets like Terra Luna Classic ($LUNC) have been on a continuous decline, resulting in over 99.9% loss for early investors.
As $LUNC continues to plummet further, another emerging asset, $ECOTERRA, shows bullish potential due to its green initiative utilities and market optimism that could generate over 100x gains.
$LUNC Doldrum Bearish Zone Continues
Analyzing the price movements of Terra Luna Classic ($LUNC) in recent weeks has revealed the significant influence that the combined forces of community and utility can have on a crypto asset.
Since news of the United States Securities and Exchange Commission (SEC) lawsuit against Do Kwon, the founder of Terraform Labs, the price of $LUNC has experienced a significant downtrend.
The situation worsened when news of Do Kwon’s arrest spread through global crypto communities, leading to doubts about the profitability and long-term viability of $LUNC.
The negative news affected the community’s trust in the once-promising token, as it lacked a value-driven utility to support a substantial price recovery.
At press time, $LUNC trades at $0.000089 per token, representing a significant decline of 100% from its all-time high of $119.18 achieved on April 5, 2022.
The asset has consistently faced resistance from the 50-day simple moving average (SMA) at $0.00009054 and the 200-day SMA at $0.000131, indicating a bearish trend.
Its relative strength index (RSI) sits at 47.66, a drop from its previous 48.29, which indicates a further decline to an underbought zone.
While $LUNC’s price decline suggests a potential drop to zero, investors may find $ECOTERRA, a new crypto asset, to be a more favorable option with the potential for significant returns.
Ecoterra ($ECOTERRA) – The Greenest Crypto Asset Set to Hit Moonshot
Ecoterra is a revolutionary crypto project that leverages blockchain technology and an innovative recycle-to-earn (R2E) model to encourage and reward users for engaging in actions that address climate change.
As detailed in the platform’s whitepaper, climate change experts express concerns about the prospect of the global warming threshold exceeding in the next two decades.
Should this occur, it could lead to a series of catastrophic events, including environmental overheating, reduced rainfall, and unpredictable weather patterns.
Ecoterra stands out as one of the leading green initiatives dedicated to addressing these climate challenges through its unique features and solutions.
At the heart of ecoterra is the R2E model, which serves as a central component of the overall objectives.