Terra Luna Classic price prediction is bullish as it has formed an ascending triangle pattern supporting LUNA near $0.00015. Terra Luna Classic has been doing well; it has grown by more than 10% since the beginning of the year.
Terra (LUNA) has gained 22% so far this year. However, its ongoing bullish rally might be associated with the cheerful crypto market, which has driven numerous cryptocurrencies upward, including Terra Luna Classic.
Terra Luna Classic (#LUNC) comeback year is 2023.
— Krypto Stats (@StatsKrypto) January 12, 2023
Furthermore, the Terra Classic community has decided to support two significant proposals in the coming days that will have an impact on the burn rate and financing for the community pool. As a result, this development has yet to have a significant impact on the Terra Classic.
— KryptoToday.com (@kryptotodaycom) January 11, 2023
Furthermore, there have been a number of positive developments in the cryptocurrency sector, such as Dubai establishing federal legislation and FTX retrieving client funds, both of which are viewed as key drivers supporting cryptocurrencies such as Terra Luna Classic.
In contrast, the Terra Luna Classic and Bitgert are becoming increasingly competitive (BRISE). Terra (LUNA) and LUNA Classic (LUNC) investors have been buying and collecting Bitgert (BRISE) this month because it still has the potential to provide investors with greater gains than Terra coins.
This was regarded as one of the most important factors in limiting the Terra Luna Classic currency’s future gains.
Upbeat Mood In Crypto Market
The global cryptocurrency market has been flashing green and gained significant traction throughout the day, increasing cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and many other coins. However, the total market capitalization of all cryptocurrencies climbed by more than 3% today, reaching $886.94 billion.
The positive economic developments including the adoption of federal law in Dubai, the recovery of client money by FTX, and an improvement in macroeconomic conditions were seen as major factors that have been supporting the crypto market.
Terra Classic Community has Approved two Critical Proposals
The Terra Classic community has decided to support two significant proposals that will influence the burn rate and financing for the community pool in the upcoming days. Although the community formally approved the two-part projects, the main developer Edward Kim expressed concern about how they might affect the pool. The decision was made in the midst of continuous efforts to raise the LUNC burn rate.
#crypto #bitcoin #altcoin #NFTs #btc #eth #xrp
LUNC News: Terra Classic Community Passes Two Crucial Proposals
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It should also be noted that the main purpose of this proposal is to limit the re-minting of Terra Classic (LUNC) tokens from burns by lowering the seigniorage reward policy to zero and raising gas prices by 5x to finance the community pool.
Terra Luna Classic price prediction bullish amid Weaker Dollar
Another factor that has aided cryptocurrency adoption is the falling value of the US dollar. The broad-based US dollar failed to sustain its modest recovery, plummeting to a seven-month low ahead of US inflation data, which could shed light on how far inflation has slowed in the world’s largest economy and the Federal Reserve’s rate-hike strategy.
A weaker U.S. dollar index led to gains in other currencies. If the US dollar index falls below 103, the index may test 102, while EUR/USD is expected to rise to 1.08/0850. GBP/USD and AUD/USD are up as expected and could head towards 1.23/24/25 and 0.70 respectively. #us
— Diana (@Forex__XAUUSD) January 12, 2023
Terra Luna Classic Price Prediction
LUNC’s current price is $0.00016, with a 24-hour trading volume of $132 million. Terra Classic has increased by over 3% in the previous 24 hours. Terra Classic is now ranked #40 on the market, with a live market cap of $997 million.
On the technical front, the LUNC/USD pair is supported above $0.00015, while the upside is met with immediate resistance at 0.00017. A bullish breakout of the $0.00017 level could expose LUNC to the $0.00018 level.
Consider These Alternative Cryptocurrencies
The digital coins listed below are currently in pre-sale but have already attracted investors due to their strong teams, novel ideas, and high potential.
Meta Masters Guild (MEMAG)
The presale for Meta Masters Guild, a mobile-focused gaming guild that will create a variety of Web3 and play-to-earn games, has begun today. Its Ethereum-based games will include playable NFTs as well as rewards that can be exchanged for its native token, MEMAG, which can then be staked and traded. It will be sold in seven stages, the first of which is currently offering one MEMAG for $0.007.
Even before MEMAG goes public, this price will gradually rise to $0.023, representing a 228.5% increase for the first investors. When the platform’s first game (Meta Kart Racers) is released in the second quarter of this year, Meta Masters Guild is expected to grow rapidly.
Furthermore, if the broader market and global economy improve, its native token could be one of the primary beneficiaries.
Fight Out (FGHT)
FightOut is a blockchain-powered move-to-earn (M2E) software and gym chain that encourages and rewards users for maintaining a healthy and active lifestyle. In addition, Fight Out fosters a sense of community in both local and online fitness communities.
Members of the community can use the app to participate in challenges and receive personalized training regimens with progress tracking. Fight Out will provide an engaging and rewarding way for people to be active and healthy, while also encouraging the use of Web3 technology and fostering a better society. Their FGHT coin presale has nearly raised $2.8 million.
Dash 2 Trade (D2T)
Dash 2 Trade‘s revolutionary capabilities have the potential to revolutionize the cryptocurrency trading sector. Because of the variety of instruments available, traders will have complete visibility and control over their assets, as well as access to a vibrant community where they can get information for thoroughly researching projects before investing.
The Dash 2 Trade software is designed to assist both new and experienced traders in developing trading strategies and utilizing automated trading via exchange APIs. Additionally, its token presale ranking system will give clients the confidence to invest in new coins before they become popular.
The popular D2T presale has ended, and traders can now trade it on Gate.io.
C Charge (CCHG)
C+Charge (CCHG) is a blockchain-based network that rewards electric car owners for charging and driving their vehicles. Its native token, CCHG, is currently on the market. Electric vehicle adoption has soared in recent years all over the world.
The electric vehicle (EV) sector has emerged as a more environmentally friendly alternative to the existing automobile industry, which has long needed reform. Thanks to companies like Tesla, Rivian, and others, people can now buy EVs and participate in the green revolution.
The network has already agreed to connect 20% of Turkey’s EV chargers to demonstrate its scalability. 1 CCHG costs $0.013 and can be purchased in BNB or USDT. The presale has so far raised $261,990.
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Fight Out - Next 100x Move to Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $4M+ Raised
- Real-World Community, Gym Chain