Terra Luna Classic Price Prediction as LUNC Pumps Up 7.7% in 24 … – Cryptonews
The Terra Luna Classic price has risen by 5% in the past 24 hours, reaching $0.00013703 as the wider cryptocurrency market barely budges in the same period. At one point today LUNC was up by as much as 7.7%, although its current price still means it’s down by 17% in a week and by 10% in a month.
LUNC’s inconsistent movements over the past few weeks have been caused by a mix of negative investor sentiment and ongoing attempts by its community to boost its price via burns.
And this time, a proposal to reverse a recent move to re-mint 50% of all burns (for a developer/community fund) is responsible for the latest surge, with LUNC holders excited that the altcoin can get back on track towards substantially reducing its supply.
LUNC’s chart appears to be presenting a ‘bullish reversal.’ This means that one of its indicators has turned bullish, contradicting another indicator that has been signaling bearish action for several days now.
In this particular case, LUNC’s relative strength index (purple) has shot up to nearly 70, indicating substantial momentum and buying pressure. This has occurred at the same time as its 30-day moving average (red) being well below its 200-day average (blue), implying that LUNC had hit a bottom and is now in the process of rebounding upwards.
The main reason for today’s rally is that the community is voting on a new proposal, which would reverse a decision to send 50% of all LUNC burns to a community development pool. It seems as though this new proposal will be accepted, strengthening the expectation that LUNC’s supply will drastically reduce over the longer term.
As for the longer term, it seems that people within the Terra Luna Classic community are hoping for an eventual climb to $1.
Other members of the Terra Luna Classic community have put forward less ambitious predictions, with Luna Classic HQ, for instance, proposing a target for the end of the year of $0.0045. Even this would imply a gain of over 3,000% in the next couple of weeks, something which seems out of reach, given the current state of the market.
Needless to say, the key mechanism for a LUNC rally will remain token burns. Binance revealed it burned 6.4 billion LUNC in November alone, with the overall burn count now standing at 36.3 billion.
Seeing as how the community appears to be rallying behind a proposal to increase the on-chain burn rate, there’s some optimism that this overall burn count will increase significantly in the coming year. Of course, with 6.78 trillion still in circulation, it will be some time before the market sees the LUNC price really move.
While investing in LUNC certainly seems like a (very) long-term game right now, other coins seem to promise more immediate gains. This is particularly the case with tokens currently holding their presales, and which are set to list on exchanges in the New Year, potentially bringing in big returns for early investors.
To take two of the most notable examples, Lucky Block (LBLOCK) and Battle Infinity (IBAT) witnessed increases as high as 6,000% and 3000% earlier this year, compared to initial presale prices of $0.00015. Similarly, Tamadoge (TAMA) rose by as much as 1,800% after listing on OKX in October, further highlighting the potential for big returns if traders invest early in token sales.
Assuming that market conditions pick up in the coming months, the presales below could just as easily replicate such performance (or even improve on it). They each offer strong fundamentals and promising roadmaps and look set to have a strong 2023.
Running on the Ethereum blockchain, FightOut (FGHT) is an exciting move-to-earn app that combines real-life workouts with Web3 and the metaverse. Expanding on the template created by earlier M2E platforms such as STEPN, it tracks and rewards a much wider variety of workouts, including boxing, weightlifting and yoga, while also offering a range of in-app and IRL courses at its own branded gyms.
Launched last week, its token sale has already raised over $2.2 million, with $1 currently buying you 60.06 FGHT tokens. Participants need either a Connect Wallet or MetaMask wallet, as well as ETH or (ETH-based) USDT.
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Dash 2 Trade is a trading intelligence platform that, launching in Q1 in 2023, will provide real-time analytics and social trading data. Also based on Ethereum it provides investors of all skill levels with all the resources and tools they need to make more informed trading decisions.
The sale of its D2T token has raised over $10.4 million and is now in its final stage (and is due to end in 15 days). It has also announced listings on BitMart, Changelly Pro, and LBANK Exchange for early 2023, with the first coming as soon as January 11.
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C+Charge (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations, with the aim of widening access to carbon credits. Based on Binance Chain, it launched the sale for its native CCHG token a few days ago, with CCHG set to be used within its network by EV owners to pay to charge their vehicles.
C+Charge will also reward users with carbon credits for charging their EVs at its stations, with rewards provided in the form of the platform’s Goodness Nature Token (GNT). Promisingly, the platform has already signed a deal with Perfect Solutions Turkey, adding 20% of the EV chargers in Turkey to its network.
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