Is the price of Terra Luna Classic aiming for zero? Deflationary cryptocurrencies worth buying instead of LUNA

Luna

Terra Luna Classic cryptocurrency continues to head towards zero. Many analysts are sure that this coin is waiting for the final collapse. The collapse of the asset came in May 2022, but Terra made an attempt to save the situation by launching an update. However, the project still failed, and its managers were accused of fraud.

Investors who invested in this cryptocurrency lost a lot of money. The total amount of damage is estimated at $42 billion.

Deflationary cryptocurrencies that demonstrate growth

Various new products regularly appear on the market, and some of them have high potential. Among the interesting projects that demonstrate growth, it is worth highlighting the following:

  • Wall Street Memes – a promising meme-coin from the creators of the famous NFT collection Wall Street Bulls, which has already collected almost 6.5 million dollars on presale.
  • Ecoterra – an eco coin aimed at a wide range of users, offering bonuses for both recycling companies and ordinary consumers.
  • Deelance – a coin for transparent transactions on a freelance platform.

Wall Street Memes

WSM cryptocurrency is a popular meme coin that has attracted over a million fans. Among the community of this coin are ordinary users and serious investors. Thus, a tweet with support for the new crypto coin was published by Ilon Musk.

The project is based on the history of earning money on “useless assets”. In the 1980s, American entrepreneurs from Wall Street were able to do it, trading stocks that had no objective value. Now history is sort of repeating itself, but with cryptomemes.

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Many people do not see the benefit of investing in such “pictures”, and for nothing! Successful cryptomemes are extremely popular, and the number of their fans is growing rapidly. During the presale, which, by the way, is still ongoing, the project has already managed to raise more than $9.5 million.

Investing in WSM at the early stages of presales, you can make a big profit. The coin is currently trading at $0.0283, but will soon rise in value again. You can use cryptocurrency or a card to purchase this meme coin.

Among the pros of the project:

  • Huge community (more than 1 million users).
  • Support with a tweet from Ilon Musk.
  • Excellent pre-sale rates.

Ecoterra

The Ecoterra project is designed for users of different levels – companies, entrepreneurs and individuals. The cryptocurrency will be of interest to producers, suppliers, as well as consumers of eco-products and environmental enthusiasts.

An important element of Ecoterra will be a platform for trading recycled waste and transactions with “green” goods. The platform will also record participation in various garbage collection, tree planting and other events.

The pre-sales period is now underway and the project has managed to attract more than $5 million in investment. The cost of Ecoterra at this stage is $0.00925, and further the rate of the coin will grow.

Users who participate in recycling and reducing harmful emissions will be rewarded in the form of cryptocurrency. The project has great potential, as the “green” direction is very popular today.

Among the advantages of the project it is worth highlighting:

  • The possibility of earning money on waste recycling.
  • Income from participation in environmental events.
  • Carbon offsets for manufacturers and suppliers.
  • Rewards for purchasing environmentally friendly products.
  • Great prospects for the coin (good pre-sales, popularity of the direction).

Deelance

Deelance is a cryptocurrency of the eponymous modern freelance platform with a transparent economy for interaction between customers and performers. Companies and entrepreneurs will be able to find specialists for one-time tasks or longer-term cooperation.

DLANCE token will be used for settlements on the platform. To ensure fairness and transparency of transactions, a system of smart contracts is provided. The platform will also have a meta-universe and the possibility of NFT-trading. The project has a great future as the popularity of freelancing and remote work format continues to grow.

Now the coin is at the presale stage and costs $0.038, but soon its value will rise to $0.057. In a short period of time, the project managed to collect investments for more than $1.3 million.

Among the advantages of the Deelance project it is worth highlighting:

  • A unique platform for freelancing.
  • Honest interaction between the parties.
  • Serious plans for the development of the project (meta-universe, NFT-trade).
  • Great potential due to the demand for freelancing and remote work.

What is happening with the course of Terra Luna?

In May 2022, almost all coins of the crypto segment fell in price, with the decline rate exceeding 20%. However, the Terra Luna cryptocurrency lost almost 100% within a week.

The coin, which was trading at $87.1, collapsed to $0.01 before continuing on a downward trend. This cryptocurrency was backed by the UST stablecoin, but it lost over 60% in value, causing the entire project ecosystem to fall.

UST also lost its peg to the U.S. dollar, and this turned out to be a fiasco for Terra Luna. But some experts believe that the collapse of the coin occurred because of the outflow of funds intended to support UST.

As already noted, the management of the project tried to resuscitate it with updates, but the idea failed. In addition, the head of the company Do Kwon was accused of fraud.

Now the rate of Terra Luna tends to zero, but some enthusiasts believe in the resumption of positive dynamics. There are also forecasts in which the coin predicts growth in the long term.

For example, according to one such prediction, the asset will rise to $0.00027 by 2030. It is assumed that the coin will add 136% compared to today’s rate, but even this is hard to believe.

Most analysts agree that Terra Luna will not be able to rise from the ashes. In addition, the project team has ruined its reputation, so serious investors are unlikely to want to risk their money.

Is it time for newcomers?

Instead of hoping for a reincarnation of the collapsed cryptocurrency, it is better to look at the newcomers. Promising coins, some of which are described above, have the potential to skyrocket in value.

Of course, a new cryptocurrency can not boast a positive background, because of which its value is always low. But at the presale stage, it is possible to invest favorably in coins with great potential.

This is characteristic of novelties, whose creators offer something unique. For example, original business memes with a link to a fascinating story, entry into the market of raw material processing, a platform for freelancing and others.

The emergence of an original project that stands out against the background of others gives a chance for success. If the community is interested in the coin, the new cryptocurrency will continue to develop.

If another crypto asset enters the market, and its creators do not offer anything interesting and relevant, the coin will be lost among other novelties. Although at the very beginning it is impossible to determine anything with 100% certainty, it is still possible to distinguish a promising project from a banal one in many cases.

The earlier you invest in a coin that can take off, the higher the potential profit will be. But the probability of error also increases, which is why some investors prefer to invest in the middle of the presale or closer to the end.

Of course, investing in promising new products does not give an absolute guarantee of income, because the project may not meet the expectations of investors. Therefore, before buying, it is necessary to think about your actions, develop a strategy and be ready for different scenarios.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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