Terra Luna Classic Price Prediction The momentum is bullish, as the LUNC/USD pair found support at $0.000169, a support level extended by an upward trend line. The cryptocurrency market has been harsh on investors lately, with most cryptocurrencies failing to generate profits due to liquidity concerns at FTX, Genesis and many other crypto exchanges.
Terra Classic (LUNC) saw a modest increase in price, bucking the trend of other high market-cap cryptocurrencies.
The Terra Classico community revives social engagement and peaks; What about lunch?
Terra Classic LUNC’s social activity on December 3 made it the most popular altcoin. According to LunarCrush, a social intelligence tracking tool, LUNC always has a community ready to thank for milestones.
Society contributions comprised 12% of the total, while participation in activities made up the remaining 71%. This increase rekindled activity from the LUNC tent to social platforms.
The token achieving such heights may be linked to the landmark recently affected by LUNC’s burn activities. On December 1st, LUNC burns reached a new all-time high of 6,389,633,879, up 972,516% over the previous year.
Some in the LUNC community blame Binance, a cryptocurrency exchange that supported the burn scheme, for the price increase. However, the momentum seems to have slowed down as LunaBurnTracker indicates a 100% decrease in LUNC burned in the last 24 hours at 3,167,134.
Terra Luna Classic Price and Token Economics
According to data from CoinMarketCap, the price of LUNC has increased by more than 8% over the past seven days. At the time of this writing, it was trading at $0.000173 with a market capitalization of over $1 billion. Fear, uncertainty and doubt (FUD) in the market has reduced trading volumes and remained below $1 billion.
LUNC/USD turned bearish after breaking the upside trendline support at $0.00016. A candle below this level has the potential to take the bearish trend towards the $0.00011 level.
The RSI is indicating a downtrend, while the MACD is indicating a positive trend. Moreover, the 50-day moving average below $0.00022 is indicating a bearish trend, which is currently acting as a resistance. While LUNC is unlikely to reach $3 anytime soon, a cross above $0.00016 could trigger buying towards $0.00027 or $0.00036.
Besides LUNC, IMPT is in the limelight as its presale ends in a week.
Hurry to buy IMPT – Presale ends in 1 week
IMPT, an Ethereum-based platform, is a carbon-credits marketplace that will reward customers for doing business with eco-friendly businesses. These profits will be distributed in the form of the company’s IMPT tokens, which can be used to purchase NFT-based carbon offsets that can be sold or retired.
Trading on the decentralized exchange (DEX) Uniswap will begin on December 14. IMPT is an ERC-20 token, which means it is compatible with the Ethereum network, which already has hundreds of high-quality tokens. Two centralized exchanges, LBank and Changelly Pro, will list IMPT shortly after their DEX launch.
Since the start of its pre-sales in October, IMPT has Raised over $13.6 million, with 1 IMPT now trading at $0.023. Due to its extraordinary success, IMPT.io will be the new platform for carbon offsetting and carbon credit trading End its token presale on December 11th,
Go to IMPT Now
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