Terra Luna Classic struggles to hold support above support at $0.00014, hours ahead of the New Year. The previous year – 2021, saw investors and crypto enthusiasts beam with the hope that 2022 would be laced with world-class developments and key milestones.
Ordinary people casually discussed cryptocurrency, mentioning how Ethereum (ETH) differs from Bitcoin (BTC). Sports arenas were treated to flashy promotion campaigns from companies like FTX and Crypto.com. 2021 allowed nonfungible tokens, better known as NFTs hit new milestones amid increased adoption in the mainstream economy.
Fast forward a year later, palatable topics turned bitter, starting with the collapse of Terra (LUNA) and its stablecoin ecosystem powered by TerraUSD (UST). From here, it has been a downtrend for the larger cryptocurrency and worse for companies like Three Arrows Capital, Voyager Digital and Celsius Network.
When investors were finally looking forward to a year-end rally, Sam Bankman-Fried’s FTX exchange collapsed after suffering a liquidity crunch in November. FTX, its sister company Alameda Research, and over 100 entities under their umbrella filed for bankruptcy proceedings under Chapter 11. BlockFi exposure to FTX did not get a chance to survive and ended up filing for bankruptcy.
Terra Luna Classic Price Searches for a Bottom
Terra Classic price dodders at $0.0000146 while bulls work around the clock to defend immediate support provided by the falling dotted trend line. A green candle is building momentum, but it will become more relevant if the price steps and holds above resistance at the 50-day Simple Exponential Moving Average (EMA) near $0.0001546.
The potential short-term bullish outlook in LUNC awaits another move beyond the next falling trend line, as shown on the 12-hour time frame chart. Price action above this level would encourage investors to put their weight behind Terra Luna Classic price for possible profiteering at $0.0005888.
If attempts to make the above moves fail, LUNC could be on a rough start in 2023. Realize that a clear break below the supporting dotted trendline might trigger another sell-off, eliciting panic among investors.
Adding credibility to the pessimistic outlook in Terra Luna Classic price is the Directional Movement Index (DMI), which currently sends a sell signal. Traders look for the -DI (brown line) crossing above the +DI (line in blue) to validate an incoming aggressive push by the bears. In that case, declines may extend to the demand zone between $0.000085 to $0.000011 – likely the bottom LUNC has been searching for since June this year.
Altcoins to Consider in Q1 2023
Considering the ongoing crypto winter, investors must change their portfolios to survive through 2023. Renowned analysts like Peter Brandt have predicted that the bear market could last until the end of 2023 as cryptos move in a somewhat sideways trend.
Hence, the need to check out up-and-coming projects that offer quicker returns. Better yet, these tokens are in their presales awaiting initial exchange listings, some as early as January 2023.
FightOut (FGHT)
Investors interested in Move-to-Earn (M2E) platforms like SweatCoin and STEPN may want to learn about the new kid on the block. FightOut is building a community of like-minded people who wish to earn by performing positive actions like workouts.
The team behind FightOut has learned that there are two proven methods to motivate people to stick to new routines: One, provide incentives and two, encourage growth within a vibrant community.
Following the presale, FightOut will launch a fitness app to track member progress and distribute earnings. The ecosystem will also purchase a chain of fitness gyms for its members worldwide.
FGHT is the token powering the FightOut ecosystem. Users can get their hands on 1 FGHT for 0.0166 USDT. The team has raised over $2.47 million, far ahead of FGHT’s first CEX listing on April 5.
Dash 2 Trade (D2T)
Investors may also be interested in a revolutionary crypto analytics project like Dash 2 Trade. Built by members of the renowned Learn2Trade, Dash 2 Trade has come to make it easier for investors to make informed decisions.
Dash 2 Trade goes beyond platforms like Glassnode, Santiment and CryptoQuant to provide trading signals, ensuring that traders take advantage of all opportunities at all times. A social sentiment and on-chain analytics platform will also be in place for traders to spot trending coins.
With the expertise from Learn 2 Trade, a strategy builder is also coming up to allow traders access to real-time price data from exchanges to create strategies and backtest them before moving to the live market.
D2T’s presale is closing in on the finish line with $11.49 million raised. The first CEX listing will take place on January 11; therefore, the time for early bird access is limited.
C+Charge (CCHG)
Centered around enabling wider access to the carbon industry is C+Charge. C+Charge reckons that for the longest time, the carbon credit industry has been a preserve of big corporations such as electric vehicle (EV) manufacturers like Tesla, leaving out people who take the same vehicles to the road.
Through this blockchain-based project, the C+Charge team believes it will open this industry to the masses. The CCHG token will be used to pay for charging services from an application dedicated to the ecosystem.
A carbon credit tracker will be installed in the same app where users will access information like payment options, locate charging stations and know real-time charge wait times.
C+Charge presale is underway, with $44k raised. Investors are currently buying 1 CCHG token for 0.013 USDT. Roughly 156 million tokens are left before the price increases to 0.0165 USDT.
Related Articles:
- Solana Price Prediction as SOL Dips Below $10 Before Ethereum Founder Vitalik Buterin Comes to the Rescue – Here’s What Happened
- Is it Too Late to Buy Shiba Inu? Crypto Experts Give Their 2023 SHIB Price Predictions
- Binance Coin Price Prediction as German Car Manufacturer BMW Partners with BNB Chain – BNB to the Moon?
Read More
Zonia Mayoral