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Terra Luna Classic Price Prediction – LUNC May See 10x Gains in 2023, Here’s Why

Simon Chandler
Last updated: | 4 min read
Source: TradingView

The Terra Luna Classic price has fallen by 1.5% in the past 24 hours, dropping to $0.00015486 amid a slight dip for the cryptocurrency market as a whole. Despite this blip, it has now risen by 5% in a week and by 20% in a fortnight, although it is down by 11% in the last 30 days.

LUNC’s mixed price action in recent weeks has taken place in the context of negative market sentiment and internecine conflict as to how best to support Terra Luna Classic’s ecosystem. However, with token burns ongoing and likely to increase in the near future, it looks set to have a good 2023.

Terra Luna Classic Price Prediction – LUNC May See 10x Gains in 2023, Here’s Why

LUNC’s chart remains in a weak position, with the coin equally capable of falling or rising from a technical perspective. Its relative strength index (purple) is hovering around 40, suggesting selling pressure that could continue a while longer before it bottoms out.

Source: TradingView

Similarly, LUNC’s 30-day moving average (red) is lingering around its 200-day (blue). Again, this suggests it may be due further falls before it enjoys a concerted rally.

Despite this technical uncertainty, LUNC is in a good position to enjoy significant rallies this year. This is mostly because of the ongoing burns that are taking place on-chain and on various crypto exchanges, such as Binance.

So far, some 37.1 billion LUNC has been burned, out of a total circulating supply of 6.87 trillion. This may not seem like too much relative to the total supply, but it will continue increasing as the year progresses, especially given the amount of community effort dedicated to increasing the burn rate.

For instance, the Terra Luna Classic community is continually producing proposals to burn more LUNC. This includes a recent proposal to halt the re-minting of burned tokens (which had been intended to support development work).

Other recent proposals include the idea of introducing the ability to enable users to voluntarily burn extra LUNC when withdrawing rewards.

Together, such proposals indicate the extent to which the LUNC community is absolutely focused on reducing its supply and boosting its price. Also, the past couple of days witnessed the acceptance of a proposal to create a task force aimed at boosting development on the Terra Luna Classic blockchain.

Increased development would help LUNC attract more users and provide its network with more utility, which is what will ultimately support its growth in the longer term.

As such, there’s every chance that LUNC could witness substantial price appreciation this year, with a 10x gain taking it up to $0.0017.

High Potential Altcoins for 2023

Of course, such an ascent may take some time to unfold, especially given the ongoing bear market. That said, there is one area where traders do still stand to make some sizeable short-term profits, and that’s presales.

Yes, 2022 was a good year for presales and exchange listings, with Lucky Block (LBLOCK) and Battle Infinity (IBAT) seeing gains as high as 6,000% and 3000% compared to initial presale prices of $0.00015. Likewise, Tamadoge rose by as much as 1,800% after listing on OKX in October.

The coins below are hoping to rival such performance, with each offering strong fundamentals as they go about finishing their presales.

Fight Out (FGHT)

Fight Out (FGHT) is an Ethereum-based move-to-earn platform that merges real-life workouts with Web3. Aiming to evolve beyond earlier M2E platforms such as STEPN, it will track and reward a much wider range of workouts, including boxing, weightlifting and yoga, while also offering in-app and IRL courses at its own branded gyms.

Launched last month, its token sale has already raised over $2.6 million, with 1 FGHT currently going for $0.0166, although this price will increase in the sale’s next stage.

Visit Fight Out Now

Dash 2 Trade (D2T) – Overfunding Round

Also running on Ethereum, Dash 2 Trade is a new and comprehensive trading intelligence platform. Set to launch in the next few months, it will provide real-time analytics and social trading data, giving investors of all experience levels all the resources and tools they could need to make more informed trades.

The sale of its D2T token has raised over $13.6 million and the Dash 2 Trade team is now running an overfunding round before D2T lists on January 11. It has already confirmed listings on BitMart, Changelly Pro, and LBANK Exchange, with more exchanges set to follow.

Visit Dash 2 Trade Now

C+Charge (CCHG) 

C+Charge (CCHG) is a BNB Chain-based peer-to-peer payment network for electric vehicle (EV) charging stations, one which aims to democratize access to carbon credits. It opened the sale for its native CCHG token at the end of 2022, with CCHG set to be used within its network by EV owners to pay to charge their vehicles.

C+Charge will also reward users with carbon credits for charging their EVs at its stations, while the platform has already signed a deal with Perfect Solutions Turkey, adding 20% of the EV chargers in Turkey to its network. 

Visit C+Charge Now