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Terra Luna Classic Price Prediction as LUNC Becomes Top Performing Coin of the Day – Time to Buy?

Arslan Butt
Last updated: | 3 min read

Terra Luna Classic (LUNC) has emerged as the top-performing coin of the day, exhibiting a bullish trend with a nearly 4% increase in the last 24 hours and an impressive 8% surge over the past seven days. 

The renewed sentiment surrounding Terra Luna Classic was further fueled by the recent disclosure of LUNC holdings by the Binance CEO, adding to the growing optimism in the community. 

With its current price at $0.00008925, LUNC is capturing the attention of investors who are now contemplating the potential for LUNC to reach $1. Is it the right time to buy? 

Let’s delve deeper into Terra Luna Classic’s price prediction and market dynamics.

Binance CEO’s Disclosure of LUNC Holdings Renews Terra Luna Classic Sentiment and Sparks $1 Speculation

In a recent statement, Binance CEO Changpeng “CZ” Zhao revealed that Binance had invested $3 million in Terra (now Terra Luna Classic) and has held its LUNC holdings without selling or moving them. 

This disclosure has reinvigorated the Terra Luna Classic community, reigniting their optimism and determination to revive LUNC and USTC to a value of $1.

The positive reaction to Binance’s commitment to developing and reviving the Terra Luna Classic chain has prompted joint efforts between the L1 Task Force (L1TF) and Quant developer teams, including discussions with Binance, to repeg USTC to $1. 

With a focus on reducing LUNC and USTC circulating supply in Q3, the community and developer groups are working towards the common goal of achieving the $1 milestone.

Exciting developments lie ahead as expert developers Edward Kim and Superman return to the chain under the guidance of L1TF’s plan of action for Q3.

Terra Luna Price 

The current price of Terra Classic (LUNC) stands at $0.000091, accompanied by a trading volume of $1.1 million within the last 24 hours. 

Over this period, Terra Classic has witnessed a positive surge of nearly 6%. 

With a market cap of $5.2 million, it currently holds the #78 position on CoinMarketCap. 

The circulating supply of LUNC coins amounts to 5,815,156,705,889.

Terra Luna Price Prediction

Upon analyzing the technical indicators of Terra Luna Classic (LUNC), we observe its trading activity around the 0.00087 level, unable to surpass the resistance at 0.00009344. 

The price movement is currently forming neutral candles, suggesting a consolidation phase within a trading range of 0.000085 as the lower boundary and 0.00009344 as the upper boundary.

Terra Luna Price Chart – Soruce: Tradingview

In the event of a bearish breakout below $0.00008506, we may witness a decline in the LUNC price toward the next support level at $0.00008206. 

On the other hand, if the price manages to overcome the resistance level at $0.00009018, it can surge toward $0.00009332 or even $0.00009612.

Considering these technical patterns and price levels, the LUNC token demonstrates the potential for stability and future value appreciation.

Wall Street Memes – The Alternative Coin Worth Considering

As investors actively seek alternative investment opportunities within the cryptocurrency market, Wall Street Memes (WSM) emerges as a promising choice worthy of consideration.

Wall Street Memes, a renowned online community that caters to individual investors, has recently achieved a significant milestone by launching its highly anticipated presale of the meme coin, $WSM.

The Wall Street Memes crypto project presale commenced on May 26, 2023, through the official website wallstmemes.com. 

During the initial round of thirty stages, the native token, WSM, was made available at an introductory price of $0.025.

The presale garnered impressive investor enthusiasm, with over $300,000 raised on the first day alone. Within just six weeks, the total amount raised has soared to $5 million, showcasing the tremendous support and confidence in the project.

At present, WSM tokens can be acquired for $0.0316 in the ongoing presale phase, with an upcoming increase to $0.0319.

Seize this chance to engage in the captivating $WSM presale and potentially reap the rewards of its promising growth potential. 

Take part in Wall Street Memes’ presale today and become part of this exhilarating and fulfilling venture!

Buy $WSM Here

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.