Terra Luna Classic Price Prediction: LUNC to Hit $3 in Next Bull Market?
The Terra Luna Classic price prediction is bullish, as the LUNC/USD pair has gained support at $0.000169, a support level extended by an upward trendline. This price action comes after a South Korean judge has thrown out an arrest warrant for associates of Terra (LUNA) founder Do Kwon.
Yonhap News reported that Seoul Southern District Court Chief Warrant Judge Hong Jin-Pyo had withdrawn the arrest order for Terraform Labs co-founder Shin Hyun-seong and other collaborators of Kwon. The judge believed that there was “little risk” that Shin or the Terra associates would destroy evidence related to the case against the crypto firm.
The news comes as a relief for Terra Luna Classic investors, who had been concerned about the potential impact of the arrest warrants on the crypto firm and its price.
Yonhap News Agency: South Korean court rejects arrest warrant for Terra co-founder Daniel Shin
— FortuneNodeOfficial (@Fortunenode_) December 3, 2022
According to the article, Terra co-founder Do Kwon is unlikely to return to South Korea because of the legal proceedings he faces there.
Despite the fact that many cryptocurrency investors hold Kwon personally responsible for their losses and the present bear market, he has remained active on social media since Terra’s demise. The Terra co-founder stated in September that he was “making zero efforts to hide” from law enforcement.
I’m writing code in my living room hbu
— Do Kwon 🌕 (@stablekwon) September 26, 2022
He even appeared on a live podcast where he and the notorious hedge fund manager and pharmaceutical executive Martin Shkreli discussed FTX and Shkreli’s time behind bars.
As a result of this being interpreted as a positive event for LUNC investors, Terra Classic (LUNC) experienced a minor price increase.
Terra Luna Classic Price Prediction
Terra Classic’s current price is $0.000173, with a 24-hour trading volume of $80 million. Terra Classic has fallen by around 1.5% in the past 24 hours.
On the daily timeframe, the LUNC/USD pair has recovered above the $0.00014 support level, which has been extended by an upward trendline.
After breaking through the $0.00016 resistance, the LUNC price is now facing resistance at the $0.00021 level.
The RSI and MACD indicators are currently in a neutral position, with the RSI showing a downward trend and the MACD showing a positive trend. However, if LUNC is able to break above the 50-day moving average at $0.00022, it could lead to higher prices in the short and medium term.
If the overall market turns bullish, then it is possible that LUNC could reach $3 in the next bull market. However, this may be a few months away at the very least.
Altcoins Offering Quicker Returns
IMPT – Presale Ends in less than 1 Week
IMPT is a carbon-credit marketplace that will reward consumers for shopping with eco-friendly merchants. These rewards will arrive in the form of its IMPT token, which can be used to buy NFT-based carbon offsets that can be traded or retired.
The project is getting attention as it will start trading on the decentralized exchange (DEX) Uniswap on December 14. Two centralized exchanges, LBank and Changelly Pro, will list IMPT shortly after its DEX launch.
IMPT’s first presale launched on October 4 and raised $1 million in 72 hours, with the project reaching its presale target of $10.8 million on October 26. This was a record-breaking 22-day period.
Currently, IMPT has raised more than $14.3 million since its initial public offering in October, with 1 IMPT currently selling for $0.023.
Dash 2 Trade (D2T)
Running on the Ethereum blockchain, Dash 2 Trade is a trading intelligence platform that offers investors real-time analytics and crypto signals to users of all experience levels.
It will go live in early 2023, with its D2T token being used to pay for the monthly subscription fees to its platform (there are two subscription tiers).
Dash 2 Trade’s presale has already raised more than $8.7 million, with the fourth stage nearly sold out. Listings on BitMart and LBANK Exchange have already been confirmed giving early investors a good opportunity to make some decent returns.
RobotEra (TARO)
Also using Ethereum to host its token, RobotEra (TARO) is a Sandbox-style Metaverse that will enable gamers to play as robots and participate in the creation of its virtual world. This includes NFT-based land, buildings, and other in-game items, with the game also planning to let players link up with other metaverses and create an interoperable multi-verse.
1 TARO is currently selling for 0.020 USDT (it can be bought using either USDT or ETH), although this price will rise to $0.025 in the second stage of its presale.
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