Coinciding with a fall in cryptocurrency markets on the first trading day of the week, LUNC, the token that powers the native Terra blockchain, was changing hands about 2.6% lower on the day. LUNC/USD was last changing hands near $0.0001650. This means that, while the cryptocurrency is still up 10% from its November low of just under $0.00015, it is now down about 13% from its recent high of $0.00019.
Price Prediction – LUNC to record high in 2023?
Can LUNC overcome the December-early September record high near $0.0006? Probably not, according to recent technological advances. The first thing to note is that LUNC/USD broke below the key uptrend that was supporting it from mid-November to June. This uptrend has now turned into resistance, as evidenced by the failed attempt to push it back up in early December. This failure suggests that a retest of recent lows in the $0.00015 area is more likely than a rally towards $0.00020.
Meanwhile, LUNC has formed a new downtrend since hitting an all-time high in September. Assuming that the current downtrend persists, LUNC is expected to decline below $0.00015 and move towards $0.00012 this month. Bulls may be hoping that if favorable US economic data (i.e. low inflation numbers) and a less hawkish-sounding Fed could lift sentiment in cryptocurrencies and trigger a breakout of this downtrend, but by no means are there guarantees.
OK, so things are looking bearish in the near term, but what about the longer term? Can LUNC Return to Record Highs in 2023? Well, if cryptocurrency markets experience a significant change in risk appetite, which is certainly a possibility if a sharp, perhaps decelerating US inflation spurs the Fed to start lowering interest rates once again. If the path is paved, there should be a recovery in LUNC. This cannot be denied. But can LUNC return to its past glory days? Impossible.
This would require a massive reduction in the existing LUNC supply and a massive revamp of the LUNC ecosystem. It seems unlikely, that the ecosystem pretty much died (i.e. DeFi projects jump ship) when UST dropped back in May, leading to the collapse of the Terra ecosystem. Other cryptocurrencies with a flourishing development ecosystem and promising growth in users are likely candidates to outperform in a future crypto bull market, not tokens with a dormant ecosystem like LUNC.
Altcoins giving quick returns
The cryptocurrency has been trading sideways for a few weeks, prompting some traders to look for options with higher potential in the short term. Listed below are some of the major pre-sales in the market, allowing investors to get in in on the ground floor.
IMPT
Amidst the rise in popularity in recent years of environmentally and socially friendly investments, investors looking for a green cryptocurrency should consider IMPT Token. IMPT.io has partnered with thousands of the world’s largest retailers to help offset their carbon footprint and allows users to trade carbon credits on the blockchain.
IMPT has now raised over $20 million, making it one of the hottest crypto pre-sales of 2022. The token’s ICO is coming in a few days, so investors wishing to take advantage of the discounted pre-sale price should lose no time.
Dash 2 Trade (D2T)
Those looking to invest in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up and coming analytics and social trading platform is expected to take the crypto trading space by storm with its unique features.
These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and strategy back-testing tools. Dash 2 Trade’s ecosystem will be powered by D2T tokens, which users will need to purchase and hold in order to access the platform’s features.
Dash 2 Trade is currently conducting a token pre-sale at highly discounted rates. The D2T token sale recently passed $9.5 million. The sale is in its final stages and interest in the project may soon increase, with the developers on the verge of releasing the beta version of the platform ahead of schedule.
Robotera (Tarot)
robot era (TARO) is a sandbox-style metaverse that will enable gamers to play as robots and participate in the creation of its virtual world, which includes NFT-based land, buildings, and other in-game items. Due to launch in an alpha version in the first quarter of next year, it also plans to link players with other metaverses, in the process creating a multi-verse where NFTs from different platforms can interoperate. Huh.
1 TARO is currently selling for 0.020 USDT (it can be bought using USDT or ETH), however this price will increase to $0.025 in the second phase of its pre-sale. The project has now raised over $521K in funding in the few weeks since the launch of the pre-sale.
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