The Terra Luna Classic price is down 0.5% in the last 24-hours, with its current level at $0.00017176, having gained 2% in the last week and 6% in the last fortnight. However, with its community still debating future correction, and with the FTX collapse still dampening sentiment, LUNC is down 10% over the past 30 days.
Assuming that the Terra Luna Classic community, its developers and validators can agree on a strategy to restore LUNC to something like its former value, there is every chance that the altcoin will enjoy a strong run during the next bull market. can take On the other hand, division and disunity could mean it remains stuck between recovery and further losses for some time to come.
Terra Luna Classic Price Prediction – Can LUNC Reach $10 in the Next Bull Market?
The LUNC indicators indicate a coin that has been on a downtrend for the past few weeks, with its 30-day moving average (red) still well below its 200-day average (blue). Similarly, its Relative Strength Index (purple) has declined to 40, indicating a greater shift towards selling in the recent past.
On the other hand, the fact that these indicators are near the bottom likely means that LUNC is due to rally any time soon. It could be starting now, with the coin’s slight upward movement in the past few hours potentially being the start of a new short-term rally.
Compared to a few weeks ago, LUNC is actually in pretty good shape, mainly because the beginning of the month brought news. Binance’s reveals the results of its latest LUNC burn, According to the exchange, approximately 6.4 billion LUNC were taken out of circulation in the past month, which led to the coin gaining 19% on the day these latest figures were revealed.
Thus, the expectation remains that the supply of LUNC will continue to decrease in the long term, with its price increasing accordingly. To date, Binance has burned 13.7 billion LUNC, while the total burned count of LUNC now has 35.7 billion,
While the total supply of LUNC in circulation remains the same at 6.87 trillion, there is a general assumption that the amount burned will gradually increase each month, as more platforms introduce their own burns and as Terra Luna Classic usage increases (the protocol itself now serves a tax burn of 0.2% on all on-chain transactions).
That said, resentment and discontent have emerged in the wake of yesterday’s approval of a proposal to send half of the 0.2% on-chain burn to the community pool for developers. The idea behind this change was to fund further development of the Terra Luna Classic network, making it more useful and attractive as a platform.
Some community members believe that this change will only put more LUNC into circulation, thereby undermining the effort to reduce supply and boost the price of altcoins.
Such debate and disagreement highlight the great differences that exist within the Terra Luna Classic community. the same applies to many An earlier proposal regarding a ‘merger’ with Terra 2.0which would enable users to swap out LUNC with the new LUNA.
Given the extent to which there is fundamental disagreement over whether to recreate the Terra Luna Classic (i.e. between promoting growth and restricting supply), it is debatable whether LUNC prices will ever approach absolute numbers. Will go
Even with an increase of $1, this would require an increase of around 600,000% from the current price of LUNC. As for $10, this would mean a jump of approximately 5,800,000%.
Bear in mind that, at the high point of its resurgence in early September (when the tax burn was first announced), LUNC corrected ‘only’ 51,000% from its all-time low. In other words, an increase of 600,000% or 5,800,000% from its current levels seems highly ambitious, and would likely require a very long term play.
It’s not possible to say, but with a total supply of approximately 6.873 trillion and a burn rate of approximately 12 billion LUNC per month, LUNC holders should start by setting their sights on more achievable price targets.
Coins not dependent on mass burning
Given that LUNC’s renaissance is truly a long-term endeavor, traders may prefer to look at coins that have better prospects for more immediate rallies.
For example, 2022 has been impressive for pre-sale coins, with Tamadoge (TAMA) growing up to 1,800% After being listed for the first time in October. More impressively, Lucky Block (LBLOCK) and Battle Infinity (IBAT) saw similar increases 6,000% And 3000% Compared to their initial pre-sale price of $0.00015 during the summer.
This shows what the right pre-sales can achieve. Accordingly, here are three of the most promising sales happening right now, with each respective coin boasting strong fundamentals and a clear roadmap.
IMPT (IMPT)
Also based on Ethereum, IMPT There is a carbon-credit marketplace that would reward consumers for shopping with eco-friendly merchants. These rewards will come in the form of its IMPT tokens, which can be used to purchase NFT-based carbon offsets that can be traded or retired.
Since starting its sales in October, IMPT has raised over $16.6 million, Its sale will end within just 3 days, with 1 IMPT currently being sold at a price of $0.023. It has confirmed listings for Uniswap, LBANK Exchange and Changelly Pro.
Dash 2 Trade (D2T)
running on ethereum, dash 2 business Is a trading intelligence platform that provides investors with real-time analytics and social trading data, helping them make more informed trading decisions. It will go live in early 2023, with its D2T token being used to pay for a monthly membership fee on its platform (there are two membership levels).
Dash 2 Trade Pre Sale has already raised over $9 million And is now in its fourth (and final) phase, offering early investors a limited chance to grab some D2T before CoinList. It will do so on Uniswap, BitMart and LBANK exchanges, providing enough liquidity for early buyers to exit.
Calvaria (RIA)
calvaria (RIA) is a game in which players can collect, trade, and battle NFT-based cards. In addition to offering several play-to-earn features, it enables users to play without holding any cryptocurrency, which could make it more popular than other blockchain-based titles.
The RIA will be used to purchase in-game items and place bets within its ecosystem, giving it a strong use case. The pre-sale for the token has raised $2.3 million and is currently in its fifth phase, with 1 USDT buying 30.77 RIAs.
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