Ali Raza
Terra Classic is bearish today. In the last 24 hours, LUNC has dropped by nearly 2%, trading at $0.000158 at the time of writing. LUNC is bearish, like the majority of cryptocurrencies in the market that are also trading lower today.
Terra Classic price analysis
The broader cryptocurrency market is still struggling with the effects of the collapse of FTX. The total crypto market cap has dropped by 2.7% in the last 24 hours and remains below $900 billion.
During this period, the price of LUNC has traded between $0.000155 and $0.000166, indicating a notable rise in volatility. Its trading volumes during this time stand at more than $94 million.
If the current bearish trend persists, LUNC will likely drop to the 7-day low of $0.000149. Selling pressure will likely increase if the broader market does not show strong signs of a recovery.
The LUNC price chart points towards increasing selling pressure. A Relative Strength Index of 35 is proof of an influx of LUNC buyers. If LUNC fails to gather market and buyer support, a plunge further below $0.000149 could likely be on the way.
The LUNC burn continues, but the supply remains staggeringly high, given that there are still more than 5.99 trillion LUNC tokens that are in circulating supply.
Three altcoin alternatives to buy today
As LUNC’s price turns bearish today, investors are turning their attention to the best presales of 2022 that have the potential to generate 10x gains.
Dash 2 Trade
Dash 2 Trade is a crypto intelligence platform that runs on the Ethereum blockchain. It gives investors access to real-time analytics and social trading data to help them make informed trading decisions.
The Dash 2 Trade platform is slated to launch, with a beta version almost ready for launch. The presale has raised more than $7.3 million and has a hard cap of $13.4 million. After the presale ends, the project has already confirmed listing on BitMart and LBank.
RobotEra
RobotEra is a Sandbox-like metaverse that also runs on the Ethereum blockchain. This metaverse project will be released during the first quarter of 2023. On this platform, players can play as robots and participate in the creation of the virtual world that comprises NFT land, buildings, and other in-game assets.
The TARO presale has already raised more than $268,000. The presale is currently at the first stage, where 1 TARO is priced at $0.020. The price will increase at each new stage.
IMPT
The other presale attracting much attention is IMPT. This presale is receiving endorsements from ESG investors looking to invest in green crypto. The project allows individuals and businesses to lower their carbon emissions.
The IMPT presale is currently in the second stage. The presale has already raised more than $13.3 million, and 1 IMPT is priced at $0.023.
Related
- Terra Luna Classic Price Prediction – LUNC Collapses 7% to $0.0001553, Time to Sell?
- 3 Reasons Why Terra Classic LUNC Price Could go to $0 and 3 Altcoin Alternatives
- Elrond and Terra Luna Classic are among the Top 50 Coins
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members
This article was written for Business 2 Community by Ali Raza.
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