Crypto Next World Crypto Free Tips & News Update.
Terra Luna Classic (LUNC) bulls are currently keeping the cryptocurrency above the key psychological $0.00010 level.
Even then, price prediction becoming more bearish.
Lunch is the cryptocurrency that powers the original Terra blockchain which experienced disaster last May when its algorithmic stablecoin TerraUSD (UST) lost its 1:1 peg to the US dollar, causing damage to Terra’s decentralized finance ecosystem. This triggered a sudden capital flight and hyperinflation in the LUNC supply.
LunchWhich was worth just over $100 per token just a year ago, lost almost all of its value in a matter of days, as its supply grew rapidly to several trillions.
Price Prediction – Where Is LUNC Going Next?
Whereas Lunch For now, above the key $0.0001 support, things are looking dire for LUNC.
The cryptocurrency has been in a vicious downtrend since topping out for the year above $0.0002 in February and has consistently failed to rise above its 21 and 50-day moving averages in recent weeks.
A test of the lows of last July and August in the $0.000083-87 area is highly likely.
effort by Luna Classic And Binance has failed to inject some optimism into this year as it erodes the LUNC supply, with LUNC falling more than 30% for the year so far versus a gain of over 70% for bitcoin. Largest cryptocurrency by crypto market cap.
Last year’s catastrophic collapse of the original Terra ecosystem dealt a fatal blow to the project’s credibility and outlook, with the vast majority of supporters, community members and developers having long since moved on to more viable projects.
Alternatives to Consider Luna Classic (LUNC)
While the short term price outlook for Luna Classic (LUNC) is potentially very weak, rising bank crisis risks and a growing likelihood the US Federal Reserve will be forced cut interest rates What this means for later this year is the blue-chip cryptocurrency of choice Bitcoin Could do very well in the coming months and quarters.
While blue-chip cryptocurrencies like bitcoin can be a great investment, their ability to generate exponential returns is limited when compared to low-cap, lesser-known crypto gems.
Nevertheless, investors should always be looking to diversify their crypto holdings.
One high-risk-high-reward investment strategy that some investors may consider is getting involved in crypto presales.
This is where investors buy tokens of up-start crypto projects to help fund their development.
These tokens are almost always sold very cheaply and have a long history of pre-sales providing huge exponential returns to early investors.
Many of these projects have great teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their pre-sale investment is great.
The Cryptonews team spends a lot of time researching pre sales projects To help investors.
One such project that the team has identified as having very strong potential is deals,
DeeLance, which is building an immersive non-fungible token (NFT)-powered metaverse platform to unite businesses and freelancers, has been billed by observers as revolutionary for the recruiting industry.
In just a few weeks since the launch of the pre-sale of its DLANCE tokens, the project has already raised over $600,000.
Investors are encouraged to act quickly to secure the coin, as the price will soar from its current super-cheap $0.029 level in just four days.
Given that DLANCE will debut later this year at $0.055 on major cryptocurrency exchanges, investors who get in now can sit on a profit of around 90%.