LUNC, the native token of the now mostly defunct original Terra blockchain, which saw a catastrophic exit of its Decentralized Finance (DeFi) trade value locked (TVL), developers and community members when the value of its UST stablecoin depegged from the US dollar and triggered hyperinflation in the LUNC token, is rallying a little on Monday. Prices are a little higher across the crypto space on Monday, though most major coins remain within recent ranges.
Big breakouts in the next two days are unlikely given 1) most traders and market players remain away from their desks due to year-end celebrations and 2) Wednesday through Friday sees a barrage of important US tier 1 data releases that could really shift macro sentiment . Ahead of the busy macro schedule in the latter part of the week, traders are unlikely to want to place big bets and so the likes of LUNC may not see much volatility.
LUNC/USD, for what it’s worth, what last changing hands just above $0.00015, just to the north of its 21DMA and up over 10% from last week’s lows just under $0.00014. Bulls are eyeing a test of the 50DMA near $0.00015, a break above which could open the door to a run higher towards the 200DMA just above $0.00018.
LUNC is up over 10% versus recent lows. Source: TradingView
Price Prediction – Where is LUNC Headed in 2023?
Short-term LUNC price predictions are bullish. That’s because, in light of the cryptocurrency’s recent bounce at a key medium-term support level, the technical outlook is looking up. The recent bounce suggests that the bulls are gearing up for a push higher towards the $0.000185-19 balance area. A break above here and the $0.00020 level could unlock the door to a bigger move higher towards early November highs in the $0.00035 area.
LUNC bulls eye near-term gains. Source: TradingView
In terms of the cryptocurrency’s broader direction for the remainder of the year, there is a chance that a positive shift in macro sentiment (if the Fed switches to an easing rather than tightening bias) could reignite risk appetite in crypto markets. This could lift LUNC as traders rush back into risky altcoins. However, it’s unclear whether LUNC can be a major winner in the crypto space. The original Terra project is viewed now as mostly dead and doesn’t seem likely to add any further utility to the cryptocurrency space anytime soon.
Investors might want to consider other altcoins with a better value proposition. Here is a list of a few highly rated projects that are currently conducting token pre-sales at discounted prices, thus offering early investors a unique opportunity for exponential short-term gains.
FightOut (FGHT) – Presale Launches
FightOut, a brand-new move-to-earn (M2E) fitness application and gym chain that seeks to bring the fitness lifestyle into web3, has opened its pre-sale and investors think the project could transform the existing web3 M2E landscape. While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part.
FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to move fast to secure their tokens, with the pre-sale having already raised over $2.5 million in just a few weeks. FGHT is the token that will power the FightOut crypto ecosystem.
Visit FightOut Now
Dash 2 Trade (D2T) – Presale Enters Final Stage
Those interested in investing in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space by storm with its host of unique features.
These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system and a strategy back-testing tool. Dash 2 Trade’s ecosystem will be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features.
Dash 2 Trade is currently conducting a token pre-sale at highly discounted rates and sales recently surpassed $12.15 million. The pre-sale dashboard is going to be released soon, with the development team currently running ahead of schedule. Tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges starting this month.
Visit Dash 2 Trade here
Calvaria (RIA) – Final Presale Stage Now
Major blockchain-based games like Axie Infinity lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an up-and-coming play-to-earn battle card crypto game, could be a good alternative. Calvaria seeks to boost crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Calvaria’s RIA token pre-sale. Calvaria has now raised $2.65 million, with a crypto whale scooping up $97.5K in one purchase earlier last month. The presale is in the final stage, with only 16% of tokens left.
Visit Calvary Now