The price of Terra Luna Classic has jumped more than 5% in the last 24-hours to reach $0.00016077 as the cryptocurrency market remains bullish on the same time frame. Its current levels represent a 0.5% drop in one week, but a 23% gain in a fortnight, with the altcoin down 7% in a month.
LUNC’s growth today is mainly due to the acceptance of a proposal to create a task force aimed at promoting its development, although whales buying altcoins after the plunge is likely another factor. And with its community increasing its efforts to support the Terra Luna Classic ecosystem and reduce its supply, it could see further gains as early as 2023.
Terra Luna Classic Price Prediction 5.6% as LUNC Erupts – Are Whales Buying?
LUNC’s charts show that it is enjoying a slight breakout at the moment, with its Relative Strength Index (purple) rising above 70 in recent hours. This indicates increasing momentum, as does the fact that LUNC’s 30-day moving average (red) has surpassed its 200-day average (blue), forming a ‘golden cross’ that could lead to further gains. may indicate.
Based on its recent history, LUNC was about to rally, given that its RSI fell below 30 as it entered the market in 2023. So pretty regularly since September.
September was notable for the start of an on-chain tax burn, which burned 1.2% of all LUNC transactions at the time. This created a bullish expectation that the coin’s supply would steadily decline over time, driving up its price.
Such optimism was reinforced by Binance’s announcement in early October that it was starting its own burn of all LUNC trading fees. Thing is, initial expectations have since waned, partly from the fact that burning to date has barely covered 6.87 trillion of LUNC supply, and partly from how the community is going to take things forward.
For example, in mid-October it passed a proposal to reduce the on-chain tax/burn to 0.2%, while also sending 10% of the tax amount to a community pool for developers. The idea behind this was to drive growth on the Terra Luna Classic network, yet it dampened investor sentiment by reducing the burn rate.
Despite friction over how best to support Terra Luna Classic, progress continues, with the past 24 hours seeing the acceptance of a proposal to set up a ‘task force’ charged with developing ways to take the network forward.
Confirmation of this offer could be the main reason behind LUNC’s rally today. Of course, its community continues to expect big things from the altcoin, with many keeping their hopes up for a gradual climb towards $1.
Some LUNC members have proposed more realistic goals for 2023, with some looking at 100x (about 10,000%) by the end of the year. This would bring the coin to roughly $0.016077.
This year will require some serious burning, even with a goal this low. as writing, The total amount of LUNC burned so far is 37 billionOr 0.5% of its total circulating supply.
New Altcoins
This means that investing in LUNC is a long-term play. So for those who prefer more immediate returns, it would be worth looking elsewhere, with Presale ranking among the most lucrative sectors of crypto in 2022.
To take two of the most notable examples, Lucky Block (LBLOCK) and Battle Infinity (IBAT) saw similar growth 6,000% And 3000% That compares to an initial presale price of $0.00015 at the start of last year. Another influential pre-sale with TAMA was Tamadog’s (TAMA). growing up to 1,800% After getting listed on OKEx in October.
Of course, conditions need to be favorable for other pre-sale coins to enjoy the same benefits once they are listed. Yet the fact that the three coins selected below boast strong fundamentals gives them every chance to have a good 2023.
Fightout (FGHT)
running on the Ethereum blockchain, to fight (FGHT) is an exciting move-to-earning app that combines real life workouts with Web3 & Metaverse. Expanding on the template created by earlier M2E platforms like STEPN, it tracks and rewards a variety of workouts, including boxing, weightlifting and yoga, while offering a range of in-app and IRL courses at its own branded gyms. Also offers series.
Its token sale was launched last month Has already raised over $2.5 million, with 1 FGHT selling at $0.0166. Participants are required to have either a Connect Wallet or a MetaMask Wallet, with early participants having a chance to earn a 50% bonus.
Dash 2 Trade (D2T)
dash 2 business A trading intelligence platform, launching in Q1 2023, will provide real-time analytics and social trading data. Based on Ethereum, it provides investors of all skill levels with all the resources and tools they need to make more informed trading decisions.
its D2T token sale has raised over $12.4 million And due to expire in just three days, interested investors have only been given a limited window of early opportunity. It has also announced listings on BitMart, Changelly Pro and the LBANK exchange in early 2023, with the first listing taking place on January 11.
C+ charge (CCHg)
running on the Binance Chain, c+ charge (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations, which aims to increase access to carbon credits. It launched sales for its native CCHG token just before Christmas, with CCHG set to be used within its network by EV owners to pay for charging their vehicles.
C+Charge will reward users for charging their EVs at its stations with carbon credits provided in the form of the platform’s Goodness Nature Tokens (GNTs). Promisingly, the platform has already signed an agreement with Perfect Solutions Turkey, adding 20% of EV chargers in Turkey to its network.
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