Terra Classic price is building momentum to correct 3% losses recorded in 24 hours. LUNC traded to a new 2023 high at $0.0001936, before a pullback to $0.0001720. With the $0.0001720 support intact, Terra Classic price could be motivated for another upward move during the US session.
Terra Classic price on the verge of another breakout
Investors may want to consider buying Terra Classic, especially now that it has fallen slightly to garner fresh liquidity. On-chain data from Sentiment shows that investor interest is still high despite LUNC’s 24-hour trading volume falling from 409 million coins to 130.18 million on January 14.
The chart shows that price is sensitive to volume. Therefore, as the daily trading volume increases, so will the price of Terra Classic.
Terra Luna Classic Price Building to a Triangle Breakout
The Terra Classic price hike may have brought a sigh of relief, but it is not over yet. Based on the technical outlook on its eight-hour time frame chart, LUNC could gain further leg up to $0.00024 in the coming days.
Seller congestion is likely to result in a bullish close above the ascending triangle horizontal resistance and the 100-day exponential moving average (EMA) (in blue) at $0.0001831.
As the price consolidates towards the top of the triangle, the bulls begin to gain an edge over the bears, leading to a breakout above the resistance. Therefore, traders would expect Terra Classic price to explode by 30.27% to $0.00024 once the seller rush breaks $0001831.
It is noteworthy that the breakout target is equal to the distance between the widest points of the triangle extrapolated above the breakout point.
The Stochastic Oscillator reinforces the bullish outlook in Terra Classic price as it is moving towards an overbought zone on the same eight-hour time frame. A bullish move in LUNC towards $0.00024 will coincide with a stochastic crossing above a falling trend line.
However, proving the bullish outlook on the daily time frame chart is challenging, especially with the TD Sequential indicator sending a sell signal. As seen on the chart below, the call to sell LUNC appeared in a green nine candlestick, which could compel investors to unload their bags in the near term with hopes of re-buying at lower levels Is.
Nevertheless, traders should confirm the signal by checking whether the high of the sixth and seventh candles on the count is higher than the eighth or ninth bar. On the other hand, the bulls should be ready to tackle the $0.00020 supply area, otherwise, the decline could extend towards $0.00012.
Could the Terra Classic Price Reach $1 in 2023?
While a massive increase to $1 in 2023 may be impossible, Terra Classic’s price has the potential to return huge gains to investors who buy into it when it corrects. LUNC has gained in value by 4.9% in one week, 11.5% in two weeks and 23.9% in 30 days, thus outperforming many cryptocurrencies in the market.
The huge circulating supply is the biggest obstacle to the Terra Luna Classic rising to $1. Despite the token burn program, the protocol has over 5.9 trillion LUNC in circulating supply, with the network’s total supply standing at 6.8 trillion.
Alternative Altcoins to Consider for 2023
Investors interested in diversifying their crypto portfolio as the market changes may want to consider Up and Coming altcoins in their pre-sales stages. Although selling fast, Tokens listed here, have the potential to rally when listed on the exchanges for the first time. Some such as FightOut have secured listing opportunities with major exchanges.
Meta Masters Guild (MEMAG)
Thanks to the team behind the Meta Masters Guild (MMG), the world’s first mobile-focused web3 gaming guild is finally here. MMG is introducing a new approach to play-to-earn by committing to building high-quality blockchain-integrated games in a decentralized gaming ecosystem.
Instead of play-to-earn, the Meta Masters Guild is pushing play-and-earn, where users do not have to invest in expensive NFTs or pay in tokens to access the game. This gaming ecosystem allows players to earn as they play the games they love the most.
Players will be rewarded in Gems, an in-game currency that can be converted into MEMAG and redeemed. meta master guild MEMAG is also launching with staking features for users to lock up tokens for additional revenue. Users can also use Gems to buy in-game NFTs or withdraw cash by swapping them with other crypto tokens like ETH.
All contributions to the ecosystem will be rewarded with users expected to create games, supply in-game assets, create relevant content, and participate in events. Meta Masters will launch with three games: Meta Kart Race, NFT Raid and Meta Masters World.
Investors can buy MEMAG in the current pre-sale that has already raised $376k by selling one token for 0.007 USDT.
Now go to the Meta Masters Guild.
Fightout (FGHT)
FightOut presale is selling fast after the team announced another CEX listing. Investors buying into this new project believe it has the potential to shape the fitness industry. FightOut, on the other hand, is tapping Web3 solutions to make the fitness lifestyle affordable to everyone.
Unlike existing move-to-earn crypto ecosystems like STEPN, users on FightOut will not need expensive NFTs. Instead, FightOut Web2 uses ingenious technical solutions with digital avatars to ease viewers into the metaverse.
The FightOut team is excited to announce the first CEX listing for FGHT on the LBank Exchange with $2.98M raised to date. Investors are buying tokens taking advantage of a 50% discount, which is valid until $5 million is raised.
C+ charge (CCHg)
C+Charge has recognized the need to democratize the carbon credit industry from the patronage of a handful of large corporations such as Tesla. To achieve this, the team is building a robust peer-to-peer (P2P) payment system, powered by blockchain technology, to incentivize EV drivers to pay each time they arrive at charging stations.
The team is creating a mobile app that will allocate an electronic wallet to each person. Payment at the charging stations will be done through CCHG, the native token of the ecosystem.
Apart from managing payments, the app will manage all activities related to charging of vehicles. Some of the key elements expected from the app are carbon credit tracker, payment options, charging station finder, and real-time charger wait times.
With the pre-sale ending soon, investors need to hurry to buy CCHG at $0.013. So far, $300.3k has been raised, with 136 million CCHG left before the price moves up to $0.0165.
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