Terra Luna Classic struggled to hold above the support at $0.00014 a few hours before the new year. In the last year – 2021, investors and crypto enthusiasts expected that 2022 would be equipped with world-class developments and major milestones.
Ordinary People Casually Discussing Cryptocurrency, Mentioning How Ethereum (ETH) diverges from Bitcoin (BTC), Sports arenas were treated to flashy promotional campaigns from companies such as FTX and Crypto.com. 2021 allows non-fungible tokens, known as NFTs, to hit new milestones amid a surge in the mainstream economy.
Fast forward a year later, the delicious topic turned bitter, starting with the collapse of Terra (LUNA) and its stablecoin ecosystem powered by TerraUSD (UST). From here on out, it’s been a downtrend for major cryptocurrencies and worse for companies like Three Arrows Capital, Voyager Digital, and Celsius Network.
Just when investors were expecting a year-end rally, Sam Bankman-Fried’s FTX exchange collapsed in November following a lack of liquidity. FTX, its sister company Alameda Research, and over 100 entities under their umbrella filed for Chapter 11 bankruptcy proceedings. BlockFi exposure to FTX didn’t stand a chance to survive and ended up filing for bankruptcy.
Terra Luna searches the classic price bottom
Terra Classic price faltered at $0.0000146 while the bulls work around the clock to defend the immediate support provided by the falling dotted trend line. A green candlestick is building momentum, but it will become more relevant if price moves above resistance at the 50-day simple exponential moving average (EMA) near 0.0001546 and holds above.
A possible short-term bullish outlook in LUNC awaits a move above the next declining trend line on the 12-hour time frame chart. Price action above this level will encourage investors to keep their weight behind Terra Luna Classic price for potential profits at $0.0005888.
If efforts to take the above steps fail, LUNC could be off to a rough start in 2023. Realize that a clear break below the supportive dotted trendline could trigger another selloff, causing panic among investors.
Adding credence to the pessimistic outlook in Terra Luna Classic price is the Directional Movement Index (DMI), which is currently sending a sell signal. Traders look for the -DI (brown line) to cross above the +DI (blue line) to validate an upcoming aggressive push from the bears. In that case, the decline could extend to the demand zone between $0.000085 and $0.000011 – likely the lowest LUNC has been searching for since June this year.
Altcoins to consider in Q1 2023
Keeping in mind the ongoing crypto winter, investors will need to transform their portfolios to survive 2023. Renowned analysts such as Peter Brandt have predicted that the bear market could last until the end of 2023 as cryptos move in a somewhat sideways trend.
so need to Check out Up and Upcoming Projects Those who give quick returns. Better yet, these tokens are in their presales awaiting initial exchange listings, some as early as January 2023.
Fight Out (FGHG)
Investors interested in move-to-earn (M2E) platforms like SweatCoin and STEPN may want to learn about the new kid on the block. FightOut is building a community of like-minded people who want to earn by doing something positive like working out.
The team behind FightOut has learned that there are two proven ways to motivate people to stick with new routines: one, by providing encouragement, and second, by encouraging growth within a vibrant community.
Following the presale, FightOut will launch a fitness app to track member progress and distribute the proceeds. The ecosystem will also buy a chain of fitness gyms for its members around the world.
FGHT is the token powering the FightOut ecosystem. Users can get 1 FGHT for 0.0166 USDT. Ahead of FGHT’s first CEX listing on April 5, the team has raised over $2.47 million.
Dash 2 Trade (D2T)
Investors may also be interested in revolutionary crypto analytics projects such as Dash 2 Trade. Created by renowned Learn2Trade members, dash 2 business has come to make it easier for investors to make informed decisions.
Dash 2Trade goes beyond platforms such as Glassnode, Sentiment and CryptoQuant to provide trading signals, ensuring traders take advantage of all opportunities at all times. There will also be a social sentiment and on-chain analytics platform for traders to spot trending coins.
Along with the expertise of Learn 2 Trade, is also coming a strategy builder that allows traders to access real-time price data from exchanges to create strategies and backtest them before moving to the live market.
The D2T pre-sale is closing in on the finish line with $11.49 million raised. The first CEX listing will take place on January 11; Therefore, the time for Early Bird Access is limited.
C+ charge (CCHg)
C+Charge is focused on enabling wider access to the carbon industry. C+Charge believes that for the longest time, the carbon credit industry has been the preserve of large corporations such as electric vehicle (EV) manufacturers like Tesla, who drive those same vehicles off the road to the masses.
Through this blockchain-based project, the C+Charge team believes it will open up this industry to the masses. The CCHG token will be used to pay for charging services from an application dedicated to the ecosystem.
A carbon credit tracker will be installed in the same app where users will be able to access information such as payment options, location of charging stations and real-time charge waiting times.
The C+Charge pre-sale is underway, raising $44k. Investors are currently buying 1 CCHG token for 0.013 USDT. There are roughly 156 million tokens left before the price rises to 0.0165 USDT.
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