Lunchnative token of the original Terra blockchain which has a catastrophic collapse Bearish flows are being felt in the cryptocurrency space, moving lower on Wednesday after the UST algorithmic stablecoin lost a 1:1 peg against the US dollar in May 2021. The cryptocurrency was down about 1.25% on the day in the $0.0001630 area and was trading back south of its 21-day moving average (DMA) at $0.0001670.
Price Prediction – Where’s Next for LUNC?
LUNC’s latest decline marks a bearish breakout to the upside that had been supporting price action since November following FTX’s collapse in the $0.0001350 area. price prediction Thus have become more pessimistic.
The latest drop also comes as LUNC found resistance in a long-term downtrend from its September high in the $0.00059 area. LUNC is down more than 70% from these highs and further losses are likely, with bears aiming to retest the November lows. A drop below these lows would open the doors for a move lower towards the next support area near the $0.00011 center.
That came in the wake of Fed Chair Jerome Powell’s aggressive message on Wednesday, which was keen to emphasize to markets that the Fed’s inflation battle is far from over, which investors interpreted as a pushback against the idea that the central bank should lower rates. Will halt the rise or is looking to reverse. He looks set to weigh in on the cryptocurrency markets at the end of the year, anytime soon. In fact, Powell’s bullish tone seems specifically designed to precipitate a year-end melt-up rally in stock markets that could juice up the economy (via the money effect), thus prompting the Fed to Makes fighting inflation more difficult.
Crypto’s tight correlation to stocks means Powell has effectively killed any potential crypto “Santa rally” that might occur in the wake of Tuesday’s softer-than-expected US CPI data. As indicators of the health of the US economy worsen (such as the latest US retail sales and regional manufacturing reports), as inflation falls faster than expected and the world’s largest economy slides into recession in 2023, investors are asking That’s how credibly the Fed can hold up to its accommodative stance. When the final dovish pivot occurs, the cryptocurrency should rally, but this may not happen for some time.
Altcoins giving quick returns
The cryptocurrency has been trading sideways for a few weeks, prompting some traders to look for options with higher potential in the short term. Listed below are some of the major pre-sales in the market, allowing investors to get in in on the ground floor.
FightOut (FGHT) – Presale Launch
FightOut, a brand new move-to-earn (M2E) fitness application and gym chain that wants to bring the fitness lifestyle to Web3, has started its pre-sales and investors feel the project will complement the current Web3 M2E landscape. may change. Existing M2E applications such as StepN only track steps and require expensive non-fungible tokens (NFTs) to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity. is, and it is not required. No costly buy-in to participate.
FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT and interested investors are encouraged to act fast to secure their tokens, with pre-sales raising over $1.8 million in just a few days. has increased. FGHT is the token that will power the FightOut crypto ecosystem.
Dash 2 Trade (D2T) – Pre-sale enters final phase
Those looking to invest in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up and coming analytics and social trading platform is expected to take the crypto trading space by storm with its unique features.
These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and strategy back-testing tools. Dash 2 Trade’s ecosystem will be powered by D2T tokens, which users will need to purchase and hold in order to access the platform’s features.
Dash 2 Trade is currently conducting a token pre-sale at deeply discounted rates and sales recently exceeded $9.82 million. The pre-sale dashboard is going to be released on Friday, currently the development team is running ahead of schedule. The tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges in about a month.
Calvaria (RIA) – Final pre-sale phase now
Major blockchain-based games such as Axis Infinity have lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an emerging play-to-earn battle card crypto game, could be a good option. Calvaria seeks to promote crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Calveria’s RIA Token Pre-Sale. Calvaria has now raised $2.45 million, with a crypto whale netting $97.5K in a single buy last week. The pre-sale is in its final stages, with only 21% of the tokens remaining.
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