Terra Luna Classic is struggling to hold support above support at $0.00014 a few hours before the New Year. The previous year – 2021, saw investors and crypto enthusiasts beaming with hope that 2022 would be punctuated with world-class developments and key milestones.
Everyday people casually discussed cryptocurrency, mentioning how Ethereum (ETH) differs from Bitcoin (BTC). Sports arenas have been treated to flashy promotional campaigns from companies like FTX and Crypto.com. 2021 allowed non-fungible tokens, better known as NFTs, to take further steps amid increased adoption in the mainstream economy.
Fast forward a year later, the pleasant subjects turned bitter, starting with the collapse of Terra (LUNA) and its stable ecosystem powered by TerraUSD (UST). From there, there was a downward trend for the biggest 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 crashed after suffering a liquidity crunch in November. FTX, its sister company Alameda Research, and more than 100 entities under their umbrella filed for Chapter 11 bankruptcy. BlockFi’s exposure to FTX was unlucky to survive and ended by filing for bankruptcy.
Terra Luna Classic Price is looking for a bottom
Terra Classic price is hovering at $0.0000146 as the bulls work around the clock to defend the immediate support provided by the dashed downward trendline. A green candle is gaining momentum, but it will become more relevant if the price rises and holds above the resistance at the 50-day simple exponential moving average (EMA) near $0.0001546.
LUNC’s potential near-term bullish outlook awaits further movement beyond the next downtrend line as shown on the 12-hour chart. Price action above this level would encourage investors to put their weight behind Terra Luna Classic price for a possible profit at $0.0005888.
If attempts to frustrate the above measures, LUNC could have a rocky start to 2023. Be aware that a sharp break below the supportive dotted trendline could trigger another selloff, causing panic among investors .
The Directional Movement Index (DMI), which is currently sending a sell signal, adds credence to the pessimistic outlook for Terra Luna Classic price. Traders look for the -DI (brown line) crossing above the +DI (blue line) to validate an incoming aggressive push from the bears. In this case, the declines may extend to the demand zone between $0.000085 and $0.000011 – likely the low LUNC has been looking for since June of this year.
Altcoins to Consider in Q1 2023
Given the ongoing crypto winter, investors need to modify their portfolios to survive until 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 promising projects that offer faster returns. Best of all, these tokens are in their pending pre-sales of initial exchange listings, some as early as January 2023.
Investors interested in Move-to-Earn (M2E) platforms like SweatCoin and STEPN may want to learn more about the newcomer. FightOut builds a community of like-minded people who want to win by performing positive actions like workouts.
The team behind FightOut has learned that there are two proven methods for motivating people to stick to new routines: one, providing incentives and two, encouraging growth within a vibrant community.
After the presale, FightOut will launch a fitness app to track members’ progress and distribute earnings. The ecosystem will also buy a chain of gyms for its members worldwide.
FGHT is the token that powers the FightOut ecosystem. Users can get their hands on 1 FGHT for 0.0166 USDT. The team raised over $2.47 million, well ahead of FGHT’s first CEX listing on April 5.
Visit FightOut now.
Trade Dash 2 (D2T)
Investors may also be interested in a revolutionary crypto analytics project like Dash 2 Trade. Built by members of the famous Learn2Trade, Dash 2 Trade came 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 traders take advantage of every opportunity at all times. A social and on-chain sentiment analysis platform will also be in place for traders to spot trending coins.
With the expertise of Learn 2 Trade, a strategy builder is also emerging to allow traders to access real-time price data from exchanges to create strategies and test them before moving on to trading. live market.
D2T’s presale is nearing the finish line with $11.49 million raised. The first CEX listing will take place on January 11; therefore, access time for early risers is limited.
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C+Charge is focused on broader access to the carbon industry. C+Charge believes that for a very long time, the carbon credit industry has been the preserve of large corporations such as electric vehicle (EV) manufacturers like Tesla, leaving out people who take the same vehicles on 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 application where users will have access to information such as payment options, locate charging stations and know charging waiting times in real time.
The C+Charge presale is underway, with $44,000 raised. Investors are currently buying 1 CCHG token for 0.013 USDT. There are approximately 156 million tokens left before the price reaches 0.0165 USDT.
Visit C+Charge now.