The price of Terra Luna Classic (LUNC) has increased by 3% over the past 24 hours, reaching $0.00009765, while the rest of the cryptocurrency market has seen little to no movement during that same period. In the past week, LUNC has seen a 14% rise, and in the last 30 days a 7% increase, although the altcoin has experienced a 32% decline since the start of the year, dissimilar to the majority of other major tokens. However, due to recent plans proposed and passed by the Terra Luna Classic community to boost LUNC, it may soon make up for lost ground.
Terra Luna Classic Price Prediction as LUNC Becomes Best Performing Coin of the Week – Can LUNC Hit $1 in 2023?
The indicators of LUNC point to further growth, with its relative strength index (purple) returning to 60 yesterday, following a minor dip earlier in the week. The 30-day moving average (yellow) still continues to move up beyond its 200-day average (blue), suggesting that more buyers have entered the LUNC market, and its rising support level (green) shows that it is consolidating around higher and higher bottoms. Despite the current market instability caused by the US SEC’s enforcement actions, LUNC might still stand the chance of a rally, having been oversold in the past few months.
The Terra Luna Classic blockchain has recently achieved greater parity with the Cosmos ecosystem, allowing it to be interoperable with more blockchains and applications. This update could help the Terra Luna Classic ecosystem to grow and develop more apps, which would increase demand for LUNC. Combined with the USTC re-peg proposal, the following months may bring about some considerable gains for LUNC, potentially reaching $0.0001 in the near future, and with a re-peg plan in motion, it might even reach $1 again.
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Other Potential Gainers
Although a major rally for LUNC is likely on the horizon, it may take some time for the re-peg plan to be put into action. In the meantime, traders may prefer to look at newer altcoins that may bring more significant gains in a shorter period of time, presale tokens being a great choice. One of the most popular presale tokens right now is Wall Street Memes (WSM), linked to the meme stocks movement, which caused the GameStop and AMC rallies in 2021.
Wall Street Memes initiated their presale for the WSM token last week, raising more than $5.4 million. Even though it lacks obvious fundamentals, its strong community of more than 225,000 Twitter followers and increasing demand demonstrate that it is already a well-known meme token before it has even launched. The presale is currently in its 11th stage, with 1 WSM costing $0.028, and it will rise to $0.03370000 by the time it reaches its 30th and final stage. Investors can purchase WSM using USDT, ETH, BNB or fiat currency, and wait for it to list, with the current trend of meme tokens demonstrating the potential for big rallies.
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