Terra Luna Classic Price Prediction as LUNC Rebounds 2.5% – Time to Buy?
Terra Luna Classic price prediction remains bullish above $0.000169, a support level extended by an upward trendline. Lately, the crypto market has been unkind to investors, with most cryptocurrencies struggling to post gains. Contrary to the trend of other large market-cap cryptocurrencies, Terra Classic (LUNC) saw a price increase.
Based on statistics from CoinMarketCap, the price of LUNC increased by 2.5% during the Asian session. As of this writing, it was trading at $0.0001902, giving it a market cap of $1.2 billion. However, considering the ongoing fear, uncertainty, and doubt (FUD) in the market, trading volume has plunged sharply by 51% to $298 million.
This price movement was very intriguing because the increase came out of nowhere, perhaps due to weaker US CPI figures. However, this gas might have been driven by several forthcoming changes to LUNC.
On a day when the latest US consumer price index (CPI) report showed inflation at 7.7%, Terra classic was one of the top gainers.
While FTX CEO Sam Bankman-Fried received birthday wishes from Terra token creator Do Kwon, the token rose by roughly 14% today.
Terra's Future Development Plans
According to Terra Rebels' roadmap, the fourth quarter of this year will see a number of promising improvements for LUNC. Starting with the market switch being disabled, developers have three network updates planned for the fourth quarter:
- Vanilla Cosmos 0.45.8
- CosmWasm 1.0.0
- Tendermint v0.34x.
Furthermore, large amounts of LUNC were being burned every day, indicating that the burning process was on schedule. On November 10th, 2022, more than 16 billion tokens have already been destroyed. Once again, LunarCrush's data has shown a highly positive signal for LUNC.
Which indicated that LUNC was Altrank's top cryptocurrency, giving investors hope for a sustained price increase in the coming days.
Terra Luna Classic Price Prediction
On the technical front, LUNC is currently facing immediate resistance of around $0.0002200, and a bullish break above this level could push the price of LUNC as high as $0.000276. Further on the higher side, LUNC rise is capped at $0.000279 by the 50-day moving average.
As the RSI and MACD indicators indicate an uptrend, a positive breakout is very likely. If LUNC fails to break through resistance, support will remain near $0.000169. Increased selling pressure and a bearish breakout may allow for additional selling until $0.00012 are reached.
Finally, investors may look for a buy position above $0.000169 with a target price of $0.00022 or $0.00027.
3 Coins Could 10x
Although the crypto market is currently bearish, the following three coins on presale have higher upside potential.
Dash 2 Trade (D2T)
Dash 2 Trade is a concept created by Learn 2 Trade, a hugely popular trading signal company set to launch in the first quarter of 2023. The platform's goal is to provide market-driven insights to investors in order to help them make informed decisions.
To improve the trading experience, D2T provides trading signals, social analytics, and even market sentiment analysis. Dash 2 Trade aspires to be the Bloomberg trading terminal for cryptocurrencies, according to the development team. For automating trading processes and optimizing all trading methods, the platform also includes automation and backtesting capabilities.
Dash 2 Trade includes a notification service that alerts investors to all new coin listings on centralized exchanges, providing them with information that was previously only available to elite investors. It's no surprise that D2T presale numbers have been phenomenal with so much potential.
Already, the digital currency has raised more than $5,883,118 ($5.8 million).
Calvaria is a brand-new cryptocurrency gaming project with the potential to dominate the play-to-earn market. Calvaria developers identified two major barriers to widespread Web3 gaming adoption. While investors see Web3 games' potential, users do not.
Calvaria's presale, which is already in stage 4 of 10 and close to the $1.6 million mark, is picking up speed. As the price of the native RIA token rises significantly at each presale stage, investors are flocking to the rapidly growing GameFi project.
In stage 4, tokens cost $0.025 each, but by stage 5, the price has risen to $0.03, and tokens cost $0.055 in stage 10.
TARO is another project that has the potential to revolutionize the gaming community and the virtual world. The asset's presale just kicked off, and there's already intense interest from potential buyers.
RobotEra is a blockchain-based metaverse where users can create avatars and adventure across a digital landscape, and TARO is the platform's native token. Players in RobotEra have access to a wide variety of real estate options, including the ability to purchase land, build on it, and add various infrastructures to their regions.
The goal here is to create a metaverse where everyone can feel safe and secure in their personal property holdings.
In addition, RobotEra features a shared metaverse where users can participate in a variety of activities, such as sports, concerts, and other competitive events. The first stage of TARO's presale is now live, and it is selling out quickly.