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In line with the decline seen across cryptocurrency markets on the first trading day of the week, LUNC, the token powering the original Terra blockchain, fell by around 2.6% on the day. LUNC/USD last traded near $0.0001650. So, while the cryptocurrency is still up 10% against its November low below $0.00015, it is down about 13% from its recent high near $0.00019.
Can LUNC surpass its early September highs near $0.0006 in December? Probably not, according to recent technological developments. The first thing to note is that LUNC/USD fell below a key uptrend in mid-November that he had supported all the way back to June. This uptrend turned into resistance, as evidenced by a failed attempt to push back the uptrend in early December. This failure suggests that a retest of recent lows in the $0.00015 area is more likely than a rally to $0.00020.
At the same time, LUNC appears to be forming a new downtrend since hitting all-time highs in September. Assuming the current downtrend remains unchanged, we expect LUNC to break below $0.00015 and head towards $0.00012 this month. Bulls believe that if U.S. economic data (lower inflation) and the Fed’s hawkish tendencies ease, crypto sentiment will improve and a breakout of this downtrend will be possible. We hope it will, but it is by no means a guarantee.
Now, it looks bearish in the short term, but what about the long term? Can LUNC return to record highs in 2023? If experienced, this is certainly a possibility, and if a rapid recession, possibly caused by US inflation, paves the way for the Fed to start cutting interest rates again, there should be a LUNC recovery…not ruled out. But can LUNC return to its past glory days?
This will require a significant reduction in the existing LUNC supply and a significant recovery of the LUNC ecosystem. When UST was de-pegged in May, causing the collapse of the Terra ecosystem, the ecosystem pretty much died (i.e. DeFi projects flew ship). Other cryptocurrencies with thriving development ecosystems and promised user growth could outperform in future crypto bull markets, rather than tokens with defunct ecosystems like LUNC. A high candidate.
Cryptocurrencies have been trading flat in recent weeks and some traders have started looking for more viable alternatives in the short term. Listed below are some of the major pre-sales in the market. , and investors can enter the first floor.
With the growing popularity of environmentally and socially friendly investments in recent years, investors looking for a green cryptocurrency should consider IMPT tokens. IMPT.io partners with thousands of the world’s largest retailers to offset their carbon footprint and enable users to trade carbon credits on the blockchain.
IMPT has now raised over $20 million, making it one of the hottest crypto presales of 2022. His ICO of the token will take place in a few days, so investors who want to take advantage of the discounted pre-sale price will not lose time.
For those interested in investing in promising cryptocurrency trading platform startups, look no further than Dash 2Trade. The up-and-coming analytics and social trading platform hopes to dominate the cryptocurrency trading space with a host of unique features.
These include trading signals, social sentiment and on-chain indicators, pre-sale token scoring system, token list alert system, and strategy backtesting tools. Dash2Trade’s ecosystem will be powered by his D2T tokens, which users must purchase and hold to access the platform’s functionality.
Dash 2 Trade is currently running a token pre-sale at heavily discounted rates. D2T token sales recently surpassed $9.5 million. With sales in the final stages and interest in the project likely to pick up soon, the developer is looking to release a beta version of the platform ahead of schedule.
robot age (TARO) is a sandbox-style metaverse that allows gamers to play as robots and participate in the creation of virtual worlds containing NFT-based land, buildings, and other in-game items. With an alpha release scheduled for the first quarter of next year, he also plans to allow players to link with other metaverses in the process of creating a multiverse where his NFTs from different platforms can interoperate. increase.
1 TARO is currently priced at 0.020 USDT (can be purchased using USDT or ETH), but this price will increase to $0.025 in the second stage of the presale. The project has raised more than $521,000 in the first few weeks of its presale.
