3 Reasons LUNC Price Will Go to $0.00 and 3 Altcoin Alternatives to Buy

Terra Classic (LUNC) has made several bull runs but has failed to sustain any of them, raising speculation on whether LUNC could be dead. At the time of writing, LUNC had dropped 1.1% to trade at $0.00022. LUNC is down 9.4% in the last seven days.

Is LUNC dead?

One of the major developments that have happened in the Terra Classic community in the past two months is Binance burning LUNC tokens. However, this tax burn is insufficient to bring down the massive supply.

So far, 25.77 billion LUNC tokens have been burned, a drop in the ocean, given that the supply is over 6.8 trillion. The rate at which these tokens are being burned means that it will take years before the supply is substantially lowered for it to affect the price.

The other reason why LUNC might not rally higher is that there is not much development happening in the Terra Classic network. The network has lost reliability since the collapse of Terra in May. A dropping Total value Locked (TVL) shows a lack of solid fundamentals, which could see LUNC dropping in the long term.

Top analysts are also betting against this token. Last month, [Light Crypto], one of the popular names on crypto Twitter, was bearish about LUNC over the past month. Mid-last month, the analyst predicted that LUNC could not sustain the high market cap, with its only catalyst being the pump and dump surrounding LUNC burn.

Three altcoin alternatives to buy

If LUNC continues plunging amid a lack of solid fundamentals, retailers holding LUNC could suffer notable losses. Here are some of the top alternatives for LUNC.

The first is Dash 2 Trade, which is an intelligence platform committed to helping crypto traders make informed decisions. The D2T presale has raised more than $4.3 million in a short time since launch. The token has already secured its first CEX listing on LBank after the presale ends.

The second presale to consider investing in is IMPT. The IMPT presale has already raised more than $12 million since launching a month ago. IMPT.io is a platform committed to lowering carbon emissions and promoting a greener future.

The third presale is for the RIA token. RIA is the native token for the Calvaria blockchain game. The play-to-earn sector is expected to continue growing, which is a positive sign for RIA. The presale has been raised.

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