Terra Luna Classic Price Forecast: LUNC up 11% in a week – is the token recovering?

1TP1일 전 0 496

Terra Luna Classic (LUNC), the cryptocurrency underlying the Terra blockchain, is on the rise again. The last time this project topped the news headlines was after losing the 1:1 peg of its algorithmic stablecoin UST to the US dollar.

Over the last 7 days, the token price has increased by 11% and the coin is now trading in the range of $0.00006477 to $0.00006589. It has a market capitalization of $376 million and a 24-hour volume of $25 million.The rise in value is believed to be influenced by investor optimism due to the anticipation of approval of bitcoin-ETF applications.

However, poor fundamentals indicate that LUNC is unlikely to keep pace with the rally of the broader cryptocurrency market. For this reason, Terra Luna Classic’s price forecast is unlikely to change significantly to bullish in the near term.

Price forecast: are investors ready to say goodbye to Terra Luna Classic (LUNC)?

L1 Task Force developers recently announced that they plan to put the blockchain into “maintenance mode” in the fourth quarter to address issues with the network and decentralized applications. However, despite the team’s efforts, which are still invested in promoting Terra Luna Classic, the outlook for LUNC is not hopeful.

Hardly anyone in the crypto space trusts or takes seriously any project with the name Terra Luna. The blockchain has never fully recovered from the 2022 crash that cost investors billions.

ByBit

5020 $
신규 사용자를 위한 보너스!

9.8

방문 리뷰 읽기

바이비트는 암호화폐 거래를 위한 편리하고 안전한 조건을 제공하며, 낮은 수수료, 높은 수준의 유동성, 시장 분석을 위한 최신 도구를 제공합니다. 현물 및 레버리지 거래를 지원하며 직관적인 인터페이스와 튜토리얼을 통해 초보자와 전문 트레이더를 돕습니다.

바이낸스

100 $ 보너스 획득

신규 사용자를 위해!

9.5

방문 리뷰 읽기

암호화폐 세계에서 빠르고 안전하게 여정을 시작할 수 있는 최대 규모의 암호화폐 거래소입니다. 이 플랫폼은 수백 개의 인기 자산, 낮은 수수료, 거래 및 투자를 위한 고급 도구를 제공합니다. 간편한 등록, 빠른 거래 속도, 안정적인 자금 보호 기능을 갖춘 바이낸스는 모든 수준의 트레이더에게 최고의 선택입니다!

According to DeFiLlama, a portal that reviews DeFi projects, the blocked trading value of Terra Luna Classic (TVL) is $1.53 million. This dollar value of the cryptocurrency, captured in smart contracts on the blockchain, is too small to interest investors.

At its peak, the network’s TVL volume was around $35 billion. The current low blockchain trade value underscores that Terra Luna Classic has essentially become a “rogue blockchain” that no one is using.

For this reason, it is not surprising that LUNC’s outlook remains bearish, even if the broader cryptocurrency market is expected to grow in the coming months. For now, analysts suggest that LUNC will continue to find resistance at its major moving averages and remain in a long-term downtrend. This is how the token is likely to reach its all-time low around $0.000044, which would mean a drop of 20% or more from current levels.

Cryptocurrencies that could outperform LUNC

While the Terra Luna Classic altcoin shows no signs of stability, many investors are relying on promising new cryptocurrencies. To capitalize on pre-sales, the key is to invest as early as possible while the coins’ value is at its lowest point. Investing early allows you to buy more tokens and make a larger profit once official trading begins.

According to analysts, the 2023 presale leaders seem to be Bitcoin Minetrix (BTCMTX) and Meme Kombat (MK). Let’s take a closer look at each coin in detail.

Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix (BTCMTX) is a new cryptocurrency mining platform. Bitcoin Minetrix makes it easier to “mine” bitcoin in the cloud, making the process more transparent and cost-effective.

Bitcoin Minetrix could be a solution to many of the problems that cloud mining faces, including high cost and fraud risk. This is how the team behind the new project gives control of the tokens back to investors. All they have to do is purchase and stack BTCMTX, the platform’s own token, to earn credits that can be exchanged for cloud mining capacity.

BTCMTX is allowed to be sent to and withdrawn from the staking at any time, and investors are free to sell their earned assets on the exchange. The smart contract has also been fully audited by Coinsult.

To start earning with cloud mining, interested investors can buy BTCMTX for $0.0113 during the fourth round of the presale. There will be a total of 39 rounds of the presale, with 70,000,000 coins allocated for each round.

The presale has raised more than $2.7 million. By the final round, the value will rise to $0.0148 per token.

Benefits include:

Users of the platform have the right to dispose of their earned assets thanks to the decentralization of cloud mining.
“Mining” bitcoin will be possible through the phone 24 hours a day.
초기 채굴 비용은 $10에 불과합니다.

Meme Kombat (MK)

Meme Kombat (MK) is a new project that unites the world’s most famous memes in a single arena for battles using blockchain. The developers’ proposal is unconventional for the meme coin niche, as the team has found a way to give utility to the most volatile assets in the crypto market.

Meme celebrities such as Baby Doge, Milady, Kishu, Floki, Pepe, Pepe 2, Shiba, Sponge, Wojack, Doge and Mong will collide in the first season. Viewers can place bets on the outcome of the fights, and artificial intelligence technology adds to the spectacle of the fights and static characters.

The team behind Meme Kombat has ambitious plans, including new game modes, partnerships and innovative developments. For this reason, analysts believe that the digital currency has a chance for growth once it hits the cryptocurrency exchanges.

A total of 120 million MK tokens will be issued, while the current value of one coin is $0.1667. The project has already managed to attract more than $900 thousand, and investors are rushing to buy the altcoin before its value rises.

The features of the project include:

The platform is transparent, as you can learn about the founder through his LinkedIn.
Early investors get the added benefit of automatic staking during the pre-sale.
PoS rewards are currently at 112%.

텍스트에 오류가 있나요? 마우스로 강조 표시하고 Ctrl + 입력

작성자: 사이페데인 암무스암호화폐 경제학 전문가입니다.